Hurricanes have affected many parts of the country from time to time and disrupted people’s lives. The government has listed areas that may be under the influence of the constant change in climatic conditions, which may sooner or later result in a hurricane. Having insurance that covers assets and essentials is quite helpful for people. Claiming a hurricane insurance can be tricky until you understand the details of it in totality. We have listed ten things you must keep in mind when taking hurricane insurance: Home insurance does not cover flood damage House insurance is under the category of blanket protection that includes more than one asset of your house or some properties in one policy. It does not, however, cover damages caused by a flood. For this, you need to log on to the government website that updates the areas that may be affected by a flood and decide on an insurance accordingly. Auto insurance may cover damages from a flood Depending upon the comprehensiveness of your car insurance, you always have a cover for flood damages to your vehicle. If the water damage is severe, your car will be eligible for full claim minus the deductibles. Higher deductibles for damage by floods There was a time when places like Florida did not have home insurance cover that included damage from floods.

Startups are hard to manage given the constant need for operating funds. With the right investors, startups can fly off well. But people only step into a job setup when they see some perks and job security. One of the ways to ensure job security is to provide employees with insurance that can help them in their time of need. However, getting insurance for small groups of employees is slightly difficult because they do not qualify as a real group. Wholesale protection, also called franchise insurance, has been introduced in the market to cater to such groups. The only difference between the right coverage and franchise insurance is that the latter is group insurance, wherein individuals have their policy on hand instead of the same terms and conditions being applicable to everyone. The insurance rates for group policies are same across the board, but in wholesale insurance, the individual decides the prices. Wholesale insurance considers the personal situation of each employee and their capability to pay premiums. For example, someone with a better salary in a startup will have more money to spend on insurance compared to others. Similarly, someone with two earning members in the family might be able to pay more toward wholesale coverage as the other member can take care of things back home.

Traveling is an integral part of life. Some travel for work and others travel to explore new places and experience various cultures with family or friends. It is the innate nature of humans to travel and explore, and this is one of the prime reasons why trains and flights were invented—to ease travel. Over the years, services offered by airlines have evolved. As airlines have increased the frequency of flights to accommodate more people, the confusion around baggage services has increased as well. One of the most common things we have all experienced at least once in our lives is waiting around the baggage carousel for our bags after landing at the destination, only to discover that our set of checked-in bags have been left behind or wrongly placed somewhere else. Despite the barcoded tags on the bags, we must now spend time making the ground staff understand the exact make of the bags and then wait for them to call us back, only to say that the bags cannot be found. In such situations, checked baggage insurance can come to your rescue. Although it cannot redeem your favorite dress or lost valuables, you can get a similar claim from your insurer.

People with pets will understand the importance of a tail-wagging love in their life. No matter how stressed you are, your pets will have you up and running behind them in no time and be your constant companion even in times when you are too busy to show them your love. One of the best ways to ensure excellent care and respect for these pets is to get pet insurance. Pets are susceptible to many problems given that their idea of fun is rolling in dirt or chewing on everything that crosses their path. Depending on the breed you own, health issues affecting pets can be quite expensive if you don’t get insurance in time. Medical emergencies do not come with a warning, and treatment in the case of surgical emergencies can be shockingly expensive, even for pets. Hence, investing in pet insurance is a win-win situation for everyone involved. We have listed five reasons that will ultimately convince you that pet insurance is necessary for your pets’ well-being. With proper insurance in hand, you are free to choose the best vet for your pet. While the veterinarian that you visit for regular checkups may be good, in emergencies, they might end up recommending someone from their fraternity, for instance, a specialist institution.

Everyone wishes for a calmer life after a point of time, and retirement can give you just that if you have planned things well in advance. We all work relentlessly to ensure that our family has everything it needs. At the end of it all, we want to settle for nothing but the best for ourselves as well. Family members and loved ones are bound to take care of you in your retirement years. Planning can give you the leverage of being independent, even when you are not earning. An excellent way of ensuring this is to get insurance for securing your future. Depending on your current savings, here is a list of four types of coverage that every retiree should consider: Disability insurance If you are the only earning member in the family and some disability strikes, the prime source of income is gone, and the family is left stranded in such a situation. The best way out in this case is to get disability insurance, especially if you are susceptible to injury at work. Some companies offer employee insurance if they fear that someone runs a chance of getting hurt while working. Even if you have savings for such times, they are susceptible to getting exhausted sometime, and disability insurance will help.

Whenever we need to buy any kind of insurance, we start by comparing the annual premiums, and then we compare the coverage criteria. However, if you consider buying car insurance, you often get an unpleasant surprise to see higher premiums quoted in your car insurance quotes, as compared to someone else with a similar car. This happens because we do not have a complete understanding of the underwriting principles applied by the insurer when they give us a quote for, say, auto insurance. There are several factors that could affect our premium amount, many of which we are not aware of when we ask for a quote. Let us have a look at some of these lesser-known factors: Education Insurers assume that the more educated a person is; the chances of the person damaging his own health or that of his car are lesser. Therefore, when two people compare car insurance for the same vehicle, the person who has a lower education or holds a blue-collar job is likely to be charged a higher premium. Family health While looking for health insurance, most people get irritated at having to fill up complete details about prior diseases and present health condition of family members.

As long as your kid stays with you, he or she is covered more or less by your own insurance, whether it is for health, home, or your car. The moment your child gets ready to stay away from you to go to college, you need to start thinking about buying economical insurance for students. As your kid would most probably start living in a different state, the particular state’s insurance laws might be different. The protection offered by your insurance needs to be then replicated in a different set of policies for your kid, so that big expenses can be taken care of when they occur. If that is not done, you are likely to pay higher premiums on your own policies or get shortchanged by the fine print when you actually need to raise a claim on your existing policy. Let us look at three kinds of policies that you might need to take for your college going kid. Health insurance Depending on the state you live in, a dependent kid of 24 – 26 years of age might still be covered under your existing policy. However, if your child is older than that, then the family floater health insurance policy might not work anymore.

Apart from medical or health expenses, there are some more expenses associated with the advancing years of a person’s life. A person growing old might not be actually ill or sick, but he or she might be unable to carry out routine activities such as eating, bathing, cleaning, walking, etc., on his/her own. In such situations, admission into a nursing home or a long-term care facility would be required, and a long-term care insurance policy should be bought to protect against such expenses. A lot of children are staying far away from their parents and are unable to tear themselves away from their work or business at a short notice. This has led to many couples opting for long-term care, for which they take elder care insurance. This is a good idea by itself, but there are two problems—long-term care is becoming costlier by the day, and the long-term insurance companies are getting stricter in their underwriting standards. To get the most out of your long-term care insurance without having to pay through your nose, here are four things you can do. Don’t mix policies To save on the premium amount, many couples opt for a hybrid policy that offers a combination of life insurance and long-term health insurance.

Retirement is a merry period for so many citizens who are free to pursue their life as they wish. Some retirees may get set for holidays, while others may like to spend their retirement days learning something new. There are some retirees who take up their hobbies as a secondary professional option. There are few affordable retirement hobbies that one can opt for to earn some money. Retirement hobbies can range from gardening, meditation, and other fun activities that have been missing in your pre-retiree days. Here are the eight retirement hobbies that are easy on the pockets as well as fun-loving too. Blogging If you have access to computer and internet connection, then words are your oyster. Take up blogging and you can start earning without spending any dime. You can own a website by purchasing a domain for approximately $50-$60 a year. Once you can start earning income, you will realize the power of thought and words. Photography A picture can say a thousand words and emotions. Explore your love for the camera and start clicking pictures. This hobby can turn into a profession, once you are good at what you do. Most magazines and print media need photographers, where you can fit in with your hobby.

An individual always strives hard to reach a point in life where he can be satisfied with all his desires and wants. To be a millionaire is something that one always desires for. However, not everyone has the fortune to do so in a lifetime, but some do make it big in life. The average citizen of the country has to plan and work towards it to ensure that the dream becomes a reality with time. Even if you happen to be self-employed, getting millions of dollars takes life-changing ideas and the will to execute them for your customers. So, what would be the plan of a person who wants to be a millionaire by the time they retire? It is an interesting question and these points will help you achieve what you want as you walk through all the stages of your life. The 20s: The beginning of something big Chances are strong that when you are in your early or mid-20s, you have begun your work life either setting up your own business or gaining employment at a company. Having a 401(k) plan that levels with your contributions are a great start. But even when you don’t, you can look out for mutual funds with minimal fees and high returns.