Affordable Insurance Plans, insurance coverage, health insurance quotes

I was looking to start a bus transit company that will pick up and drop off students from one point on campus to another. I was wondering what type of insurance am I required to have. I need 4 transits for the company to operate the way it is supposed to. Does anyone know what type of insurance is required for an operation as such and/or how much that insurance would be? I don’t need an exact price, I am just looking for a ball park price.

Thanks in advance.

You will need a few types of insurance.

General Liability, Commercial Auto and workman’s compensation if you plan on having any employees.

General Liability – This protects third parties if you are negligent and cause harm to a person or property. (Does not cover accidents that happen while behind the wheel)
Commercial Auto – This is just like personal auto insurance but for vehicles used commercially.
Workers Compensation – This covers your employees in case of an accident either in or out of the vehicle.

I bet the general liabilty and workers compensation will put you back about $1,200 per year. The autos, figure anywhere between $1,500 and $2,500 each.

There is no way to get a price without talking to an insurance broker.

I know several people who have submitted their information into one of the many "online auto insurance quotes" and now they have solicitors all over them, on their phone, emails, junk mail and even one case of Social Security Identity theft. So my question is: Are these online auto insurance quotes really safe? Doesn’t it make sense to stay with a local auto insurance agent you can do business with either on the phone or in person.

Hi,

Check out this site, if you want to find your best or cheapest auto insurance just in few minutes,

http://Cheap-Auto-Insurances.info/

Here you can get free quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.

Hope this help!

If you file a claim on your homeowners’ insurance, does the claim follow the homeowner if you move to a new residence? That is, if you move do you start with a clean slate?

If you have a claim on your car….then sell the car after it’s been repaired….do you get a clean slate?

No.

The claim will remain on your CLUE report.

When you go to apply for a new policy with a different company and it asks if you have had prior claims…you still have to list the claim on the new policy application.

I want to start an insurance company in Florida and was wondering how much it would cost to start one. Do not hesitate, give me your best estimate. Also, do insurance companies keep funds gathered through insurance policies in a fund or do they invest it? Comments? Thanks!

It’s billions of dollars.

They have to have "reserves" set aside to pay claims, which CAN be invested, before they can sell a single policy.

Most insurance companies don’t make money off of selling the actual policy – they pay out darned close to every dollar they take in – or even more. They make their money off the income from their reserve investments.

How to become an life insurance Underwriter? What are the procedures to be followed?

You get a bachelor’s degree, and get hired by an insurance company.

It’s not a free lance kinda job.

I have been driving for about 44 years and have had a company car for the last 20 or so. When I retire, will an insurance company take account of this with no-claims discount for a car of my own?
I do own a classic car on a special classic car policy but as it is very cheap with limited mileage (1500 miles) applying there is no ncd.

You can ask your ex employer for a letter saying that you have have driven their vehicles for x years without a claim, which should go towards a few extrs years NCB form your insurance.
Good luck and enjoy your retirement.

When I shop for a home insurance I am always asked if my home is currently insured or if there are lapses in my insurance policy. Some companies outright refuse to give me a quote when I tell them that I haven’t had home insurance in the last 3-4 months. I am wondering why this is important for them?! They just referred to their company policy and did not give me any meaningful reasoning. Thank you for your answer.

insurance companies are wary of lapses in any kind of insurance policies. In your case it just happened to be home insurance.

The single most feared factor in the insurance business is not hurricanes, not bush-fires, not wars, not meteor strikes but what’s known as ‘moral hazard’. Moral hazard is, in simple terms, lack of inhibition in preferring a claim under less than above-the-board circumstances.

For example, if your camera is insured for home use only, you cannot make a claim if the insured camera suffers damage during a jungle safari. Most of us, being honest persons, would not even want to claim under such circs. However, since, as a rule it takes all kinds to make this world, there exist individuals who would make a claim as if the damage occurred at home. Such individuals are considered to be ‘moral hazards’.

Coming back to your original question, insurance companies know from empirical evidence that the incidence of moral hazard is greater – much greater – in those cases where there’s a break iin coverage. It’s likely that the insured is trying to renew the policy after a loss has occurred.

You need to provide evidence to the insurance company that you did not intend to let the policy lapse. That it lapsed, is a fortuitous happenning (please note the wording – underwriters love such language) and not a deliberate omission. ‘I do not want to be penalised for something over which I had no control’ is the line you need to take. You could strike lucky with this line.

My home and contents insurance has gotten so expensive. I have never filed a claim and my home insurance rate has doubled. I dread the thought of spending a week getting quotes. Is there a easy way to get and compare home and contents insurance quotes?

Unfortunately, the best way to get realistic quotes for any insurance is to call the comapnies directly. If you have not shopped around in the last five years or so, you might want to consider it, as this can help you stay with the lowest total cost.

An insurance policy with not limits to its coverage would bankrupt a company and no one would have insurance.

Last night, Obama said there would be no limits on health care coverage.

I completely agree. Can you imagine if an insurance company was forced to take on all customers with preexisting conditions . They would fold literally over night. Insurance is for unforeseen events, not to cover events after the fact. How can liberal expect insurance company’s to stay in business when they are forced to cover hundreds of thousands of dollars in medical cost and only charge the client who’s bills their paying a small premium each month ? God bless.

Which life insurance company is the best in setting claims? I want to buy a term life insurance for 25 yrs. I am 35 now. Please suggest good plan and life insurance company. Is there any database where we get more information of claim record.

New York Life is the best. The claim will be dealt with personally instead of through the mail. Excellent company!

www.nfgvt.com