Category Archives: Insurance Tips

The history of holiday and the holy days of history

<img src="holiday.jpg" alt="Holiday" width="300" height="208">

The history of holiday

              …………………  and the holy days of history

The very nature of work (and play for that matter) has changed over the ages. Some people did not work at all! In ancient China, the top notch royalty grew their nails so long it curved and curled into elaborate symbols of importance to prove one’s aristocratic background. The nails were decorated and displayed, and the people attached to these appendages had to be fed and dressed, washed and pampered. Try as I might to respect the customs of every culture, it seems pretty strange to me. But such is cultural conditioning, and what is respected by one culture is abhorred by another. How different is modern day China and the worldwide perception that the Chinese are the most hard-working people!

Customs and beliefs about work

In the caste systems of some cultures, certain labours are designated unclean, whereas I was raised to believe that all labour is ennobling. Whether you polish the silver of the cathedral or clean the toilets of the station, every job is important to keep the world going around. The millionaire mogul of a multi-national company is not more important than the man who removes the weeds in the wheat field. Everybody needs bread after all. What is important is whether you do the work with integrity and treat other people with decency. Like most cultural conditioning, this belief has served me more-or-less half the time.

Holy days

The word “holiday” comes from the holy days of religious festivals, when workers were given leave to attend worship or celebration, or the commemoration of an event, (like a king coming into power or a war ending). On these days people were exempt from work. On all other days people worked.

Fun and relaxation

It is a recent development in the history of mankind that one does and should have time for rest and recreation. And we jolly-well need it! Modern life is fast! The world is changing rapidly due to the advances in technology. The holding and supportive structures of the old rhythms and customs are no longer available to most of us. There is a price to pay for the freedom to do what we want: We are expected to do EVERYTHING!

That is why the re-creation of a holiday is essential. On holiday we create ourselves anew, so that we can be up to the demands of modern life.

Get peace of mind when you go on holiday. Contact Budget Insurance right NOW!

Ref: n/a

Top 5 Cars: What our cars say about us

<img src="cars.jpg" alt="Cars" width="300" height="300">

The good and faithful, the memory-maker and the dream-chaser

The old adage goes: “The best car is a paid off car”, but for most of us our cars are far more than the monthly payments we have to make on them. Our cars reflect who we are and where we are in our lives. The symbolic status of the following cars has made them unabashed icons on South African roads:

1 Citi Golf

The good old Citi Golf – never has a car been more akin to student life that VW’s Citi Golf. Although no longer in production this car is still a standard issue with all student cards. It is the pure economy of this car, both at initial purchase and subsequent maintenance that made it the must have entry-level car for many generations.

2 VW Polo

The red ribbon Polo – Diving through that red ribbon to get to that “new car smell” the mark of the new entrants into the job market is VW’s Polo. Offering dependability, fuel efficiency and just enough curve-appeal to remain cool this is just the car to have when buying your own first car.

3 Toyota Corolla

Faithful Toyota Corolla – For decades a symbol of reliability, the Toyota Corolla has been the sensible car for young families and people that have secured themselves in their careers. Offering a balance between comfort and economy this car’s most attractive trait remains its reputation for being utterly reliable.

4 BMW 320i

Put on your power-suit with the BMW 320i – This is your statement car. This is the car to say: “I’m no longer keeping up with the Flintstones!” This car most often chosen by the newly successful offers performance and luxury.

5  Bentley V8

Platinum Status – Bentley V8 is the ultimate driving experience, unrivaled in its combination of luxury and performance, but affordable only to the elite.

Whatever car you choose: good old faithful, the memory-maker or the big dream chasers – they are wheels that like rolling.

Budget Insurance – always there for you!

Budget Insurance cuts the cost, not the cover. For insurance you can easily afford, contact us NOW!

Author: William Carter

Bio:        William Carter – Freelance writer that likes writing about actual events that are relevant to the time we are in. My passion is people, we are so diverse in many ways, my opinion might not be yours but in today’s world we all have the right to opinions and formulations. It is nice to be able to debate and in the end be as we are.

Contact William for Guest Posts at:  wcarte08@hotmail.com

Sources:

www.google.com

Africa Day – 25 May

<img src="Africa.jpg" alt="Africa" width="300" height="300">

Do you celebrate Africa Day?

Africa Day is a remembrance of the continent’s liberation from colonial rule under whatever nation and the founding of the African Union more than 50 years ago. This day is acknowledged worldwide and is a public holiday in Ghana.
Events around the continent of Africa

Nigeria: In Lagos, capital of Nigeria, African Fashion Week makes its debut from 17 May in the Intercontinental Hotel, Victoria Island.

Morocco: The Festival Mawazine Rhythms of the World, which promotes sincerity and tolerance to other cultures, offers a musical journey to every corner of the globe. This year is the 13th anniversary of the festival and takes place in Rabat from 30 May. America, Lebanon and France, among others, will be represented.

Swaziland: The Bushfire Festival draws people from all over the world to the scenic Malkerns valley, as many as 20 000. They bring their fire and passion for “igniting a collective response for positive change”. The big attraction this year from 30 May is Grammy Award-winning Ladysmith Black Mambazo. It also offers family-friendly entertainment, handcraft and food stalls.

Mozambique: The third annual Azgo Music Festival runs from 23 May on Samora Machel Ave in Maputo. It offers audiences 20 local, continental and international acts. Azgo means ‘let’s go’ but also means ‘let’s come together’, a suitable description of the event.

Namibia: In Windhoek on 18 May, the Windhoek Light Namib Quest mountain bike stage race begins. The 500km route, described as a ‘safari on a mountain bike’, ends on 23 May in Swakopmund. It takes riders through iconic landscapes which include the Namib Naukluft National Park.

Kenya: The 17th BuildExpo Kenya 2014 took place in Nairobi this month. Their construction industry is confident and ready for major growth, as this country’s infrastructure, economy, tourism resorts and residential sector are booming!

Uganda: the Uganda Wildlife Education Centre in Entebbe hosts the 25th Conference for the African Association of Zoos and Aquaria from 20 to 23 May. The theme for this year is ‘Thinking In-situ and Ex-situ Conservation for the future. Plans made there will benefit the children of Africa.

Who will dare to say: “ Forget about Africa, nothing ever happens there”?!

Ref.: SAA Sawubona

This article originally posted on: http://www.dial-direct.co.za and reposted with permission.


.

Do you really need Laptop Insurance?

 <img src="girl with laptop.jpg" alt="Girl with laptop" width="138" height="92">
Do YOU need Laptop Insurance?

You need to decide if you need Laptop Insurance

After reading this article, you will be able to make an informed choice – whether to insure your laptop or not. We will touch on a variety of different scenario’s for you to consider, including the value of your laptop, ownership and other relevant issues.

10 Questions to answer when considering Laptop Insurance

1 What is the replacement value of your laptop?

2 Is your laptop vital to your job, studies or internet connectivity?

3 Do you own your laptop?

4 Does your employer own your laptop?

5 If so, is your  laptop insured by your employer?

6 Are you able to replace your laptop immediately if it is stolen, damaged or lost?

7 How old is your laptop?

8 Do you frequently take your laptop with you?

9 Is your hard drive protected against viruses?

10 Do you sometimes misplace your keys, glasses or handbag/briefcase?

Now that you have answered the questions above, you will have a better idea about the value of getting Laptop Insurance.

The most frequent Laptop Insurance claims

Insurance Providers receive numerous Laptop Insurance claims and the main reasons for submitting these claims are listed below.

Theft of laptop: Laptop was stolen from workplace, restaurant, car or college

Accidental damage:  Dropping the laptop, spilling of coffee or other substance over the device

Fire: Laptop was lost in fire

Water and Flood Damage: Flooding or rain damage

Power surge: Laptop was damaged due to a power surge

What does Laptop Insurance cover?

Laptop Insurance falls under Home Contents Insurance or Portable Possessions Insurance. Your laptop will be covered against damage, theft and loss. Keep in mind that you should insure your laptop for the replacement value of the make and model you are currently using.

Laptop Insurance Providers

The following Laptop Insurance Providers offer excellent cover at prices anyone can afford.

1st for Women
Dial Direct
Budget Insurance
Auto & General

Useful Tips for Homeowners

<img src="hands holding house.jpg" alt="Hands holding house" width="117" height="108">
A Homeowners Policy is vital!

Useful Tips on Homeowners Insurance

There are some things you have to know about Home insurance and that includes selecting the best insurer and getting suitable and enough coverage.

1. You are only a statistic.

In the eyes of an insurer, you’re not a person with a name; you are a set of risks. When an insurer has to decide on you as a client and your premium, they base it on your “risk factors,” which include your occupation, who you are in society, how much you own, and what kind of lifestyle you lead.

2. You have to know the value of your home.

Before you decide on a policy, call in the help of a local builder to give you an all inclusive estimate of your home’s replacement cost.

3. Be aware that Insurers differ.

Whether it’s a car or furniture that you are buying, the same product can have vastly different prices at different suppliers. The same is true when you purchase Homeowners Insurance. Get a few quotes, compare and save yourself some money.

4. Price is not the only important factor to consider.

Do your homework! Ask around! Investigate the insurer’s track record for servicing a claim. You will stop smiling at a low premium, if an insurer is in no rush to deal with your claim.

5. Consider more than the basics.

Buying a basic homeowners policy will be cheaper, but it might not offer to fully replace your home, if that is what you need some day.

6. Enquire and request discounts.

Certain behaviour on your side, that will reduce risk, will attract discounts from your Insurer.

A huge amount of money is lost by policy holders who don’t ask for discount. The insurers are quietly smiling about all the money they score.

7. Your insurer is not essentially your friend when you have a claim.

You and your insurer may have a very different opinion of fair compensation. It is your insurer’s responsibility to reinstate your financial position. It is your responsibility however to prove the full extent of your losses in order to get full refurbishment.

8. Have the correct details to file a claim.

Make sure your policy is regularly updated. Read the policy before you file a claim to prevent any nasty or disappointing surprises.

Have a look at the following interesting information:

How your Home Insurance premium is calculated

Ref.:

http://money.cnn.com/

 

Property Insurance Mistakes

<img src="property insurance policy.jpg" alt="Property Insurance Policy" width="138" height="92">
Property Insurance is of the utmost importance

Costly Property Insurance Mistakes

Getting the right property and casualty insurance coverage may not rank high on your list of financial priorities. Too busy with investment decisions and estate planning issues? Well, the more successful you become, the more you have to lose. Owning property in different countries and even different states of the same country requires you to know the various insurance laws applicable.

It’s important to review all of your needs, consider specialized policies or policy options, and coordinate your coverage with other aspects of your financial situation.

Shortfall in your coverage that could prove costly

Leaving gaps in the coverage. Review coverage regularly to keep up with rising replacement costs.

1. Ignoring the unique characteristics of various properties you own. A 19th century showplace you’ve restored, can’t have Standard Homeowners coverage. Coastal homes may face flood damage, while a place in the mountains could be subject to wildfires.

2. Under insuring art and collectibles. Standard Homeowners policies have limited coverage for the losses of certain valuables. Some of it may need a specialized policy. You’ll need a professional appraisal with frequent updates as items appreciate or additional items are added.

3. Omitting to insure household employees. You could be liable for medical expenses and lost wages if your employee is hurt on the job. As a household employer you might be required to contribute to a workers’ compensation fund. If an employee drives your car, include him/her on your policy.

4. Failing to have a policy reviewed and updated. Your insurance needs are not static. Increase in the value of a collection; home renovations increasing the value of your property; assets added to or removed from your estate as a result of divorce, or death in the family could require policy changes.

A complete review of all your insurance coverage should be executed every two years.

 

 

Important Facts about Computer Insurance

<img src="laptop.jpg" alt="Laptop" width="145" height="87">
Insure laptops of a substantial value

The cost of personal computers and laptops make it necessary to have them insured.  

You can even insure computer accessories and your cover depends on individual insurance packages. 

<img src="computer accessories.jpg" alt="Computer accessories" width="113" height="113">
Insure expensive computer accessories

Computer Insurance Coverage under Homeowners Policy

The majority of Insurance Companies insure laptops and personal computers under their Home Contents Package. Your personal computer will fall under home contents, while your laptop will generally resort under the Portable Possessions section of your Homeowners Policy.

Home contents insurance covers all loose contents of your home against fire, flood, loss and damage. It is wise to find out exactly what your particular policy covers before an unforeseen event occurs.

<img src="personal computer.jpg" alt="Personal computer" width="136" height="93">
Home Contents Insurance covers your Personal Computer

Replacement cost vs actual cash value

Replacement cost is usually at least 10 percent more expensive as compared to actual cash value. Keep in mind that the value of these items depreciate fast. The reimbursement you get on replacement cost is the same as the current cost of your computer and not the depreciated cost you would get with an actual cash value policy. 

Rather insure your computer for replacement value. This means that you may have to specify a higher amount than the general amount allocated in a basic policy.

<img src="money.jpg" alt="Money" width="138" height="92">
Replacement Value > Cash Value

Laptop and portable computer insurance

Laptops are considered as portable possessions that can be taken with you when you step out of the house. As mentioned earlier, if the value of your laptop exceeds the amount specified in the policy, you will have to specify a more realistic amount to the insurer.

Always keep the receipt when you buy a laptop, personal computer or any valuable computer accessories.

<img src="laptop in restaurant.jpg" alt="Laptop in restaurant" width="130" height="97">
Many people take their laptops with them

Who needs Computer Insurance?

Students, business professionals, small business owners, schools and home users all need computer insurance. Another tip is to buy an extended warranty when you buy your new laptop or personal computer. This will cover you against mechanical breakdown, electrical failure and other eventualities specified in the warranty.

That's right ... EVERYBODY uses a computer ...
That’s right … EVERYBODY uses a computer …

Happy Computing!

7 Ultimate Rules to save money on Insurance

<img src="Save money.jpg" alt="Save money" width="138" height="92">
Be wise and save money on insurance

Save money on insurance and avoid making serious mistakes when you shop for insurance policies with these 7 rules as a guide.

Rule 1: Financial Risks

Only buy insurance for financial risks you cannot manage on your own. Don’t handle insurance as a way to cover any or all losses no matter how small or insignificant. This is a waste of money. Insuring your home with homeowners insurance is a good choice, but taking out expensive, comprehensive insurance for a very old car is a waste of money.

<img src="old grey car.jpg" alt="Old grey car" width="134" height="94">
Get Third Party only insurance for old cars

Rule 2: Shop Around

Get a few insurance quotes from different Insurance Companies. Most Insurance Companies provide an online quote service, as well as a telephonic quote service via state of the art call centers. Do not immediately accept the first or cheapest quote. Make sure that the policy covers your lifestyle and individual needs.   

Companies that sell directly to the client will also save you additional money for a middleman or broker. Have a look at the benefits the different companies offer, as well as any low-cost Additional Options provided to enhance your basic policy.

<img src="woman and computer.jpg" alt="Woman and computer" width="130" height="97">
Shop around online for insurance quotes

Rule 3: Never Lie on a Policy Application

Your policy can be cancelled if it is discovered that you have given incorrect information.

Health, life, and disability insurers run severe background checks on applicants through the Medical Information Bureau, so you can get caught when providing inaccurate information.

<img src="No cheating.jpg" alt="No cheating" width="113" height="113">
Do not give inaccurate information on your insurance application form

Rule 4: Don’t Buy Specific-Risk Policies

Your insurance should provide the broadest coverage you can get. Buying insurance cover against specific illnesses like cancer defeats the purpose of having an insurance policy. If you have ulcers or other medical issues, your cancer insurance will not help you. A much safer option will be to get comprehensive medical coverage instead.

<img src="man fly with umbrella.jpg" alt="Man fly with umbrella" width="142" height="89">
Broad Cover is safer than Specific Cover

Rule 5: Never Cancel One Policy until You Have a Replacement Policy in Place

You will be uninsured for however long it takes to get a new policy. And if disaster strikes during this period, you could be financially ruined. This rule applies to everyone, but especially for the elderly, since older folks sometimes have trouble getting health and life insurance. Please keep this important information in mind!

<img src="man pulling his hair.jpg" alt="Man pulling his hair" width="77" height="74">
Don’t be caught unawares

Rule 6: Get a High Deductible or Excess

You save money by having insurance policies with high Excess or Deductibles. The premium for high-deductible policies is always lower. Not only that, but you save yourself all the trouble of filing a claim and needing to haggle with insurance company representatives if you have a high deductible and you don’t need to make as many claims.

Lately, most Insurance Companies are offering to pay cash back to policy holders after 4 or more years remaining claim-free. This should be an additional incentive not to claim for any and every mishap.

Note: The more you claim, the more inflated your premiums will become, due toe being viewed as high-risk by your insurance company.

<img src="money.jpg" alt="Money" width="60" height="60">
Don’t claim when you don’t have to. They’re watching …

Rule 7: Rainy Day Account

While you can save money on your insurance premiums by following the rules mentioned earlier, it’s probably a big mistake to use that money for, say, a trip to Hawaii. Instead, use any savings to build a nice-sized rainy day fund that you can draw on to pay deductibles. A big enough rainy day fund can cover both periods of unemployment and your insurance deductibles.

<img src="pink piggybank.jpg" alt="Pink piggybank" width="150" height="150">
Save for a rainy day.

Keep these guidelines in mind and you may save more money than you expect on the long run!

 

The Concise Guide to Travel Insurance

<img src="airplane in air.jpg" alt="Airplane in air" width="130" height="97">
Is your Travel Insurance in order?

Everything you need to know about travel insurance

Why do we need travel insurance? Travel insurance protects travelers against adverse events such as cancellation and interruption of travel. It reimburses the traveler regarding medical expenses incurred, loss or damage of property and transit delays.

How can you make the most of your travel insurance?

There are four main categories of travel insurance, namely Health & Medical, Delays & Cancellation, Death and Damage or Loss of property.  

<img src="travel insurance health cover.jpg" alt="Travel Insurance health cover" width="137" height="92">
Health Cover forms part of Travel Insurance

Emergency evacuation: Guarantees emergency transportation to either a local hospital in the event that the traveler is unable to use own form of transport. Another option is to have the traveler transported to a hospital closer to home.  If family members are covered on the same policy, they can also travel back to their home destination with the patient.     

Medical reasons: Reimburses emergency medical and dental costs incurred by travelers. The majority of holiday insurance policies reimburse the traveler after they have paid locally for treatment. Medical claims are usually paid within 7 – 10 working days. Pre-existing medical conditions are covered by most policies if the policy is purchased within a maximum period of 21 days from the date the traveler made the first payment or deposit.

<img src="airport delay.jpg" alt="Airport delay" width="138" height="92">
Airport Delay

Cancellation: Reimbursement comes into effect if travelers have booked and paid for a holiday, but are unable to follow through with their plans due to personal illness or injury, death of either the individual or a family member, adverse weather conditions, transport strikes, terrorism, sudden unforeseen unemployment or by sustaining serious damage to their home caused by a natural disaster. 

Delay: Travelers are reimbursed for hotel, food or clothing expenses in the event of a flight delay. 

Interruption: Insurance companies usually reimburse travelers abroad if they have to cut their trip short due to illness, death, terrorism, weather, airline strikes and other adverse conditions. These conditions refer to events outside the control of the traveler.

<img src="Airplane medical emergency.jpg" alt="Airplane medical emergency" width="130" height="97">
Airplane medical emergency

Accidental death: Covers death or dismemberment at any time of your trip.

Air Flight accident: Covers death or dismemberment during an air flight only. 

Common carrier: Covers death or dismemberment of the traveler while traveling on public transport such as a plane, ferry, train bus or taxi.

<img src="Baggage Tracing Information.jpg" alt="Baggage Tracing Information" width="138" height="92">
Tag your baggage properly

Baggage loss: Reimburses a traveler for lost, stolen or damaged personal items. This coverage is usually not confined to baggage damaged or lost by the airline, but covers the duration of the trip. 

Hire Car damage: Reimburses travelers for damage or loss to a rental vehicle. Liability coverage should still be purchased through the car rental company. 

Assistance services: Guarantees a 24-hour telephone advice and assistance service to travelers. This service can be used anytime a traveler needs advice. Be sure to keep this number in several places in your luggage or on your person when you move around.

We trust that these travel insurance guidelines will alert you to the issues you should address when taking out travel insurance for your next trip.

Bon Voyage!

Insurance terminology and definitions

<img src="insurance terminology.jpg" alt="Insurance Terminology" width="130" height="97">

Insurance terminology and definitions for everyday use

Insurance

The impartial transfer of the possibility of a loss, from the insured to the insurer in exchange for payment. It is a form of risk management mainly used to protect against the risk of uncertain loss and to indemnify the insured.

Risk management

It is the recognition, evaluation, and prioritization of risks to apply resources to minimize and monitor the likelihood and/or effect of unfortunate events. Risks can come from uncertainty in financial markets, possible project failures, accidents, natural causes and disasters as well as unpredictable events.

The strategies to manage uncertainties with negative consequences typically include transferring the risk to another party, as in the case of purchasing insurance.

Indemnification

It is to restore or to be reinstated to the position that one was in prior to the happening of a specified event or peril.

Three types of insurance contracts that seek to indemnify an insured:

  • a “reimbursement” policy
  • a “pay on behalf” policy
  • an “indemnification” policy.

 

The Policy

The insurance policy is a contract between the insurer and the insured (policyholder). The policy determines the claims which the insurer is required to pay.

The insurance policy is a contract whereby the insurer will pay the insured if certain stipulated events transpire. Subject to the “fortuity principle”, the event must be uncertain, either the moment of the event (e.g. death of the insured) or whether the event will happen at all (e.g. flood or fire).

Insurance contracts operate by the principle of utmost good faith (uberrima fides) which requires both parties to deal in good faith. The insured has a definite duty to reveal every fact related to the risk to be covered.

Items of an insurance policy

  • Declarations – all details of the insured, the insuring company, what risks or property is covered, the amount of insurance, what deductibles apply, the policy period and premium amount.
  • Definitions – explanations of important terms used in the policy.
  • Insuring agreement – details of insured risks and the contractual agreement between insurer and insured. A summary of the major promises of the insurance company.
  • Exclusions – losses arising from specific events which are not covered by the policy.
  • Conditions – provisions and obligations required for coverage. If policy conditions are not met, the insurer can deny the claim.
  • Endorsements – modifications to the policy.
  • Policy riders – The terms of policy amendments.

 

Ref.: http://en.wikipedia.org/wiki/Insurance