Think These Before Take Critical Ilness Insurance Coverage

Critical illness insurance is a relatively new type of policy that is frequently misunderstood. Today, we will clarify what it is, and what it covers.

How Does Critical Illness Insurance Work?
Critical illness is similar to term life insurance, except it is paid out when you are diagnosed with an illness covered by the policy, rather than being paid out upon death. However, some people confuse this type of insurance with disability insurance, which substitutes your income if you become disabled.

Illness insurance, like term life insurance, is paid in a lump sum, should you be diagnosed with a pre-defined disease such as cancer. You decide how this amount will be spent – some people put it into additional medical treatment (especially if there are some treatment methods that are not covered by provincial healthcare), others decide to take time off work to spend with family, or to travel.

As with many insurance products, this type of insurance plan comes with an extensive insurance quote, application and underwriting process that the insurer analyzes before you can get a policy; and as with any insurance policy, a critical illness policy comes with both pros and cons.

Let’s take a closer look at the pros and cons of this type of insurance.

Pros of Critical Illness Insurance
There are several positive aspects:

  1. Funds that can help where needed: The lump sum you receive if you are diagnosed with a critical illness will allow you to get better treatment and, hopefully, fully recovery in some cases. You can also spend these funds on other needs or projects (such as travel or taking items off your bucket list).
  2. Protection for your own business: If you have your own business, you might need to work part time, after being diagnosed with a critical illness (reduced work hours are common when extensive medical treatment is required). It closes the financial gap created by your reduced hours at your company. With the funds, you could hire somebody to help out with your business.
  3. Stackable protection: Unlike disability insurance, critical illness coverage is “stackable”. With disability insurance, coverage is limited because it is based on your income, and you cannot go over that limit even if you have several disability policies. You can, though, have several policies with varying coverage amounts of different diseases. If you have, for example, two policies with benefits of $250,000 and $300,000, you can get a $550,000 payout when you make a claim.

Cons of Critical Illness Insurance

  1. Expensive: This type of insurance policy is not cheap. As an example, a Term 10 insurance policy with $500,000 coverage (Term 10 means a policy that covers you for 10 years) for a 35-year old non-smoking male without any pre-conditions costs around $180/ month (exemplary quote) whereas a Term 10 life insurance policy with coverage of $1,000,000 for the same person costs around $50.
  2. Definitions matter: If a diagnosed disease, such as a heart attack, is not aligned with the definition of this illness in the policy, your claim may be not paid.
  3. Does not cover you immediately: Policy typically comes with a waiting period (e.g. 90 days) during which you are not covered.
  4. Payout is not immediate: If you are diagnosed with a critical illness, there is “survival period” – (e.g. 30 days). If you die within that period, your claim will be not paid.

Summary
Critical illness insurance provides solid coverage for being unexpectedly diagnosed with a serious disease, but this coverage comes at a cost. It’s a good idea to work with an insurance broker to get a critical illness insurance quote and to apply for a policy. Brokers have access to multiple insurance companies and will help you navigate through the complex application process, especially if you have medical pre-conditions.

How To Choosing Your Insurance

insuranceOne of the best ways of safeguarding your personal well-being is by having a health insurance plan. Due to the large number of companies that offer this type of insurance policy, choosing the right one can be a daunting task. Here are five tips to help you find the best plan on the market today.

Check the Networks of Different Plans

If you have a select group of doctors whom you prefer, ask them which insurance networks they are part of. You can also use one of the many accredited online directories to know the networks that each plan on your list has. On the other hand, if you just relocated to a new city and you do not have a preferred doctor yet, choose a plan that has a large network of health practitioners.

Know the Maximum Premium Budget

Consider your average monthly expenses to know the amount of money that you can spend on the policy without compromising your financial capability. Low premiums often result in high out-of-pocket costs. Hence, what appears to be the cheapest plan may really be the most expensive, as you will be forced to pay for most of the services. One of the best ways of choosing the right premium is by estimating the total amount of money that you spent on health care last year, including out-of-pocket expenses and premiums. Then, choose a plan that has similar monthly deductibles, copays, and premiums. A high premium plan will save you thousands of dollars on out-of-pocket costs if you require expensive procedures or frequent medical care services.

Look for Additional Benefits

In a bid to attract more clients, insurance companies usually offer policies that have additional benefits apart from medical coverage. Based on this fact, it is wise to check the summary of benefits of each policy on your list until you find one that has your preferred scope of services. For instance, some policies provide better coverage for mental health and physical therapy care while others have more comprehensive emergency coverage.

Research Plan Structure

Once you have an estimate of your monthly premium, your next step is determining your ideal plan structure. Some of the most common plans are HMO, EPO, POS, and PPO. The plan that you select will determine which doctors you can see and your costs. More often than not, plans that have referrals, such as POS and HMO, require that you first consult a primary care physician before booking an appointment with a specialist. If you already have a network of doctors that you prefer to see, eschew plans that they do not take.

Compare Out-of-Pocket Costs

Your preferred health insurance plan should clearly indicate the services that you will be required to pay for and the amount. The sum amount includes coinsurance, co-pay, and deductible. A plan that has low out-of-pocket costs is an ideal choice if you regularly need emergency services, take expensive medications, have scheduled upcoming surgery, or were recently diagnosed with a chronic condition such as cancer or diabetes.

Finally, make sure that the health insurance company is legally accredited, reputable, and reliable to cushion yourself from any inconveniences.

 

Health Insurance For Single People

The new Covered California health insurance marketplace offers a wide range of affordable health plans for you to choose from. Whether you are self-employed, or looking for coverage over and above what your employer currently offers, there is a plan that will likely meet your needs. Federal regulations require that health plans operating under the Affordable Care Act (ACA) meet certain access requirements. In California, those requirements include timely access to healthcare providers, as well as geographic access standards.

Here is a general guide to individual health insurance that you can refer to when choosing a plan. And do not forget these important dates regarding open enrollment for 2016.

Provider Networks

When selecting a health insurance plan, it is important to verify the plan’s provider network of doctors, hospitals, nurse practitioners, therapists, and other health care providers. It is equally important to understand what is not covered as well. Understanding your plan’s provider network helps you save money, receive better care, avoid unexpected fees and costs, and be happier with the care you receive.

Out-of-Network Care

You are not restricted to health care providers in your network, but should you decide to use one outside of your network, health insurance will cover less resulting in a higher out-of-pocket cost for you, except in the case of emergencies.

Provider No Longer in Network

If your health care provider leaves your network, you will generally need to find a new doctor inside the network, and most plans will assist you in doing so. As a rule, a health plan’s continuity of care policy allows a patient to continue care with a doctor no longer in the network for a certain period of time at the lower cost-sharing rate.

Cost-Sharing Requirements

Each plan has different cost-sharing requirements. Typically, your overall share of costs is a combination of the premiums you pay plus any other co-payments, co-insurance or deductibles for which you are financially responsible.

How to Find a Doctor

In most cases, the plan you choose will have a list of doctors who accept your insurance. The Medical Board of California offers some great tips on choosing a doctor:

  • Ask friends, family or co-workers about physicians they like.
  • Ask your county medical society or association for names of physicians in your area.
  • Once you have some names, call and ask if the doctor is accepting new patients and whether they accept your insurance plan.
  • Check with the Medical Board to verify the physician has a current California license.
  • Meet with the physician and consider having a physical done to determine if this is the doctor for you and your family.

Selecting a Hospital

When you undergo treatment in a hospital or other facility, ask to have any services performed by in-network providers. Your physician may decide which hospital is appropriate for your care, but you can still check the hospital’s California HealthCare Foundation rating by visiting www.calqualitycare.org.

This guide to individual health insurance is far from complete. For more information and a more comprehensive glossary of insurance terms and other marketplace information, visit www.healthcare.gov.

Learn More

From preventative services to out-of-pocket maximums, understanding your individual health insurance plan options can be a confusing – and frustrating – endeavor. A health insurance agent is one of your best resources for information on coverage that meets your unique needs.

 

Take Care Your Insurance Before Lapsing

An all-too-common occurrence for life insurance policy holders is one in which someone purchased a life insurance policy several years ago, they have been paying premiums faithfully, and they unexpectedly receive a Lapse Notice. The Notice states, “… your premium is not enough to cover the policy expenses, please submit (a lot more) money to keep your valuable coverage.”

You’ll probably look to the insurer or agent for help. Here are some things you should consider to maintain your valuable coverage.

Often the policy owner thinks of life insurance the same way they think of auto insurance. They receive a premium notice, they pay the premium amount stated on the notice, and they believe they have met their requirement to secure the coverage. What they don’t realize is that with life insurance plans, such as universal life, indexed life, whole life and variable life, the premium is not the same as the cost.

Premium is what you pay to the insurance company. The policy fees are the cost of the coverage.

With these policies as the insured gets older the life insurance policy costs more. This is where the trouble usually happens. At some point in time, and often unbeknownst to the policy owner, the policy expenses exceed the premium being paid. This triggers a feature in the policy which allows the insurer to take money from the policy’s cash value, without having to notify the policy owner, to make-up any shortage of policy expenses. As this event occurs every month, the life insurance policy will be depleted of its cash value and move towards a lapse.

Before a life insurance policy lapse, the insurer is obligated to mail a lapse notice which allows the policy owner 31 days to pay enough premium to cover one month’s worth of expenses. The problem however, is that the expenses will typically have greatly exceeded the amount of premium the owner had been paying.

It’s common for the new premium to be three or four, or even more, times as much as they had been paying. This can put the cost of coverage out of their financial reach. The increase in premiums may not be justified, and a life insurance expert should evaluate the policy to determine if you’re being over-charged.

One thing you can do to make sure you aren’t caught off guard by increasing policy fees, and lose your valuable coverage, is to review your policy with an agent every year. In this meeting you should bring a recent Annual Statement for the policy and the agent should bring in-force illustrations. These are the tools that will best inform you of the policy’s expenses and where your premium amounts should be set for the year.

If you’ve received a lapse notice for your life insurance policy, here are a few things you can do:

1. Lower the death benefit to an affordable amount. The lower the death benefit the lower the premium will be.

2. Ask the insurer for the cost to keep the policy in-force to an age less than maturity. In other words, a universal life insurance policy, as one example, will stay in-force until the insured’s age 100. Fees are set based on this age assumption — 100. If you tell the insurer you only want the policy to stay in-force to age 86 (for example), the premium required will be less.

3. Ask the insurer if they offer a less expensive insurance product that you can exchange your policy for.

4. Get the assistance of a qualified agent to help you understand and make decisions about your policy.

5. Have a life insurance analyst review the policy, past payments and future payments to determine if you’re being over-charged for the coverage.

Things You Should Know Before Take Insurance

There is a defined moment when many of us start to consider getting life insurance to protect family members and loved ones. It could be after a child birth or a catchy insurance commercial that tweaks your interest. When this moment strikes, the first thing most people do is get a quick online quote to understand their ballpark rates. A more detailed assessment follows afterwards. Some elements of this assessment are intuitive (age, health condition, smoking status, occupation, etc.). There are, however, some other surprising assessment criteria that underwriters also consider. Such as…

    1. Driving History: Yes, your driving history matters, not only for your auto insurance premiums but also your life insurance rates. If you had a DUI accident in the recent past, you will likely experience significant higher quoted rates than somebody who has a clean driving history. Remember that smaller offenses fall off your driving record after three years (for insurance purposes).

 

    1. Be Happy: Having a history of depression can hijack your life insurance premiums, almost doubling them. Happy people experience less health issues and stress, and thus represent lower risk for insurance companies.

 

    1. Policy Date: The policy’s starting date can be sometimes adjusted (also called backdating), meaning that in some cases you can benefit from lower premiums (based on your younger age; if you turned 50 this week but backdate your policy to last month, for example). Obviously you will need to pay all the premiums starting from the backdated time point, but you can benefit from a lower rate going forward.

 

    1. Dangerous jobs (e.g. stuntmen, bomb squad member) can mean higher risk for your life and thus lead to higher insurance premiums. Do you think that your job is dangerous?

 

    1. Payment frequency: Paying for a life insurance policy on an annual basis saves insurers administrative costs, and they reward you with lower premiums than if you’d paid for your insurance monthly. In this case, though, you’d need to plan carefully because a big annual charge can create a significant hole in your household budget if you forget about the annual premium.

 

    1. Travelling (to dangerous destinations): Some destinations are more dangerous than others and some are very dangerous (war zones, areas with known history of kidnapping, etc.) Consult an insurance broker or your agent to understand how your future plans can impact your insurance coverage. Your policy can be declined or you might be able to get a life insurance policy, but it would explicitly exclude the time you are abroad. In some cases, a simplified issue no medical life insurance policy is a solution since it does not ask travel questions. It is important to know, though, that a simplified issue policy is more expensive than a standard one and its coverage is typically limited to $50,000 – $300,000. You can test this out by getting an anonymous simplified issue no medical life insurance quote via one of numerous insurance online platforms.

 

    1. Sports (extreme): Being involved in extreme and/or dangerous sports, especially professionally, can impact your life insurance premiums (for example: sky diving, cliff diving, scuba diving). Similarly to getting insurance while travelling to dangerous locations, you need to understand which cases are not covered by your life insurance policy.

 

    1. Private pilot licenses: This one usually falls into a category of dangerous hobbies – licenced pilots (only private) might experience higher insurance rates. When calculating insurance premiums, an insurer will consider both the pilot’s age and experience. This information will probably not asked during the initial quoting process, but will be required during the detailed assessment later.

 

    1. Your citizenship: If you are not a Canadian citizen or resident, you will not be able to apply for a Canadian life insurance policy.

 

  1. Your income: Insurance companies can decline your life insurance policy if your household income falls below a particular threshold, typically $30,000. The reasoning behind this is so insurance does not stretch your budget beyond its capabilities. Note that you should still speak with a broker to create a detailed future plan for insurance protection, and brokers that are also financial planners can help you triage your upcoming financial expenses to best manage your needs. It’s a good idea to check with your insurance broker, if your income might be an issue, before submitting your application. Remember, that once you have been declined for a life insurance application, it may impact your next applications since some insurers include in their surveys, “have you ever been declined for a life insurance application?” Similarly to a pilot license, this question might be not be included in initial quote questions, but will be asked later by your insurer.

As you can see, many aspects outside of your health impact your life insurance quote and policy. You should remember that underwriting rules (application assessment) are different across insurers and thus, it is advisable to work with an insurance broker who deals with numerous life insurance companies and can share his/her expertise with you as you navigate through this complex process.

 

The Good Things About Insurance

There are several considerations and benefits to choosing a whole life insurance policy over other different types of life insurance policies. With so many options in the insurance marketplace, it is certainly confusing to choose the best insurance plan for you. However, here are a few advantages of whole life insurance plans to help you decide why this might be the right one for you.

Benefits of Whole Life Insurance

• Lifelong Insurance Coverage: The term whole life insurance is no misnomer! As the name implies, whole life insurance plans are designed to provide insurance coverage for your whole life, unlike term insurance policies, which only offer coverage for a specified period of time.

• Fixed Insurance Premiums: Premiums for other types of insurance policies generally increase over time to reflect the rising cost of protecting older policyholders. But for whole-life insurance policies, insurers average the entire cost so that you pay a predictable and level premium throughout your time. Having a fixed insurance premium can be easier for people to plan around the budget.

• Cash Value: One of the distinguishing features of a whole life insurance policy is “cash value”. It means that the insurance premiums you pay towards your plan accumulate in a cash balance that you can use even when you are still alive! If you do decide to discontinue paying your premiums, your insurance plan may still be worth something to you. This, however, depends on how much cash has accumulated. On the contrary, term insurance premiums (pure insurance policies) only pay out upon a death.

• Encourages Savings: For those who require additional encouragement, paying a compulsory policy premium forces them to set aside cash that can be used at a later date.

• Flexible Money Options: The accrual nature of your whole life insurance plans will offer you several flexible options in the future – should you decide to discontinue paying premiums. There may be a waiting period before you can borrow against your cash value. You can also opt to stop paying new premiums, and stretch your accumulated cash value and existing premiums towards a reduced benefit protection.

• Possible Dividends: If you have a participating whole life insurance policy, you can receive dividends from your company. However, they’re not guaranteed and are only paid out when your agency has excess investment earnings, favorable mortality statistics, or savings on expenses. You can choose how you want the dividends to be used: reduce your premium payments, paid out in cash, accumulate interest, or pay for paid up Additional insurance.

• Tax Deferrals: There are added tax benefits of whole insurance policies. The growth of interest in whole life policy is tax-deferred! In addition, if you have a basic participating policy, any dividends you receive will be considered a return of premium. They will not be taxed for until your total dividends exceed your total premiums.

• Certain Death Benefit: Policy holders are usually guaranteed a death benefit no matter when the holder dies, so long as the plan is active. This assumes the plan wasn’t surrendered, and that premiums were continued. In comparison, under term insurance policies, beneficiaries only receive a benefit if the policy holder passes away within the period covered.

Use the above points to determine if whole life plans are suitable for you and make the right choice!

 

Tips To Find Life Insurance Company

Ratings on Companies

Many people wonder how to go about choosing a life insurance company. In truth, there are several factors that can determine one’s decisions to pick one company over another. More often than not, the deciding factor comes down to the price of the monthly premium.

The premium needs to be affordable enough for one to pay it off each month without it making a huge dent in their finances. A good life insurance company does not want to bankrupt their clients with each premium – quite the contrary in fact.

Insurance companies want to keep their clients as happy paying customers so that they actually have a business to run. If there is no one paying the premiums, then there is nobody to insure.

Thus, life insurance companies will do everything they can to convince a prospective customer that they are the best possible choice.

Be Wary of Life Insurance Scams

However, keep in mind that companies that bend over backwards and offers great premiums may not actually looking out for one’s best interest. In order to avoid scams, read the fine print of their policies. Will loved ones receive the policy without due? Does it take a while for a claim to be filed? One should read reviews and comparisons of life insurance companies in order to weed out the bad ones. This will be easy to find because insurance companies are not like other holders as they are regulated by each state via a special commission. Thus, finding the truth about a company is actually quite easy. One can trust the sources and reviews found through the commission because they are an unbiased organization that was created to help people looking for life insurance policies.

The records are public, but it helps to understand how to read them in order to understand the reports. If a company looks like it has many issues, then one should also look at the number of claims it has handled. If the number is relatively low compared to the overall claims, then the chances are it is not a scam company.

The insurance commission is designed to help weed out bad companies that just exist to take advantage of people during delicate situations. There is no need for anyone to worry about picking a company that is fraudulent because most likely it will not happen. One just needs to trust their instinct.

Now, What is Next?

In conclusion, finding a life insurance policy that is both affordable and comprehensive is not so difficult after all. As long as one researches their top choices and considers them carefully, then there is nothing that they should worry about. A good life insurance company will not take one’s family for a ride should the need ever arise to make a claim. People can rest easy knowing that their family is well taken care of should anything ever happen to them. However, one should not worry about that as life still needs to be lived!

 

Tips To Protect Your Life

It is true that nothing is permanent and life is full of risks. Hence, nothing is better than having an insurance plan. If you are looking to have an insurance plan, then you will not find it hard to get a one as selling an insurance plans as become a profitable business. And thus, many companies and agencies are getting started to involve in this business. But before taking any plan, it is vital to know and understand the policy clearly. But what are the actual types of insurance? If this is your question, then look at the below-mentioned types of insurance.

Pet Insurance: In the case of a pet insurance, the insurer will pay veterinary expenses if the pet is wounded or suffering from illness. Pet insurance is also validated if the pet gets die, lost or stolen.

Health Insurance: A health insurance is a policy that says the insurer (who sold insurance) will pay a lump sum amount to the insured (who purchased insurance) person if the insured person gets injured by accident or falls sick by a disease.

Travel Insurance: As the name suggests, travel insurance is related to the loss that occurs while traveling. It covers theft of baggage, delayed luggage, personal possessions, emergency emigration, accidental death, etc.

Life insurance: Is a policy which states that the insurer will pay an amount to the nominee or the family of the insured person if the insured person dies. For this, the insured person needs to pay the premiums on a regular basis.

Dental Insurance: It is similar to the health insurance, but the difference is that the insurer will be liable to pay if the insured person finds something unusual in his dental care. Thus, dental insurance benefits in case of sudden dental costs.

Auto Insurance: The insurance which is related to the automobiles is called auto insurance. In this policy, if the vehicle gets damaged due to the accident or other traffic issues then the insurer will have to pay a certain amount to the owner. In the case of a huge damage, some auto companies replace the vehicles totally.

You have to inquire about the eligibility criteria and choose the discounts that apply to you. Also, a few good discount for going through a driver’s training course and other driver learning programs. If you want to reap the benefit of this offer, you just need to go through a certified course and then show the insurer your certificate. This can save you about 10% on premiums, which adds up. Remember that different types of auto models have different auto insurance coverage and rate.

You can ask the companies about their rates as well

Often, sports and expensive automobiles bring in the highest rates. If your automobile has an excellent and satisfactory maintenance rating, there is a better chance for you getting lower insurance rates. You also need to know some basics about auto insurance premiums before applying for it. Apart from those points above, such as maintenance rating and the driver learning program, there are some other criteria too included in the pricing policy structure. For instance, gender is a big component, the monthly mileage driven and even the color of the automobile.

 

Tips To Understand Your Need Before Protect Your Life

Finding the right insurance policy can be a difficult task. Whether you are looking for an auto, homeowner, life, or business policy, there are many different factors that can determine whether any given policy fits your needs. Looking at the different categories and particularities of each policy can help you make an informed decision.

Automobile

Auto policies cover both commercial and non-commercial drivers. Finding the cheapest plan is unlikely to save you much in the case of an accident. On the other hand, the best coverage will carry a much higher monthly premium. Plans become cheaper as you age, and some companies provide financial benefits for good driving. For example, some companies will offer a discount in return for placing a recording device in the vehicle. This can be a good option for cautious drivers who need to save money. The DMV recommends checking with at least three companies before choosing a plan that fits your specific needs.

Homeowners

Learning about the location and history of your house will play a large part in deciding what sort of coverage you need. You can also look for companies that provide loss-underwriting reports. This information can help you determine what potential liabilities you could face in the future. Also, many policies provide coverage for lightning, fire, and wind damage, but they do not include earthquake and flood coverage. If you live in an area prone to floods or earthquakes, you will need to purchase additional coverage. Also, paying higher deductibles can result in lower premium costs as well, but you have to make sure you can afford the deductibles in case there’s an accident.

Life

This policy covers one or two adults and, of course, comes with its own considerations. Chief among these is whether you are looking for a temporary policy or permanent coverage. Single people tend to require less coverage, while those with children in college face the highest costs. Expenses tend to decrease for empty nesters and retirees.

Some plans are more customizable than others, with major differences including costs, the number of adults covered in the plan (one parent or two), and the various death benefits.

Business

Business insurance varies tremendously based on the contingencies it is intended to cover. It can protect against liability in the event that an employee is injured or a workers comp claim is filed. Other policies can offer protection in case of theft, mistakes made by employees, and data breaches. A special type of coverage protects directors and officers if they are sued. Finally, businesses can purchase variations on personal policies, such as auto or building insurance.

Given all the available options, it is important to look at the potential exposure or losses you may face. Remember, insurance policies are intended to protect the holder in the event of a loss. Savvy customers will evaluate their risks, but it is important to remember that insurance is often the first and most effective bulwark against catastrophe.

 

All About Insurance

Formal insurance coverage has been arguably there for individuals and business since the late 1800’s. For the layman, though, not everything in a homeowner, auto, property and commercial policy is what it may seem.

On a practical level, it’s important to meet with an experienced independent agent to review your needs, explain options and plans and shop the network for tailored coverage at a competitive quote, while being there at your hour of a claim need.
This article serves to present the other view on insurance – fun facts that will tickle your interest and ease the seriousness of life while perhaps offering opportunities you never thought existed.

Guess what?

• While most people realize that a good driver will have a better insurance score, leading to cheaper premium rates, certain professionals, like teachers, accountants, engineers and nurses are also placed in a ‘high probability’ category to drive carefully and avoid accidents.

• There is a form of insurance for (of all things) alien abduction!

• Some coffee company executives wanted to be sure that their official taster would retain his excellent sense of taste so they bought a $10 million policy to that effect!

• Presenting the bride with an expensive diamond engagement ring is a tradition that is based on protection. A form of insurance – so to speak – the costly ring would be hers to keep as compensation in the event the groom got cold feet about tying the knot!

• Golfing in Japan becomes an expensive endeavor if you happen to be the winner – obligating you to host a celebration and sponsoring pricey alcoholic beverages for your admirers. Golfing pros often opt to buy insurance in case they win to cover the ‘damages’.

• If you wish, you can purchase a life insurance policy if you fall into a fit of laughter that kills you!

• A famous circus insured their performing rhino and elephant so that they could cushion the damages in the event of illness or death.

• Question: Who insures traveling international athletes? Answer: They get coverage from insurance companies in their home country as well as in their hosting country.

• When one avid sportsman chose to swim across the English Channel in a bathtub, he acquired insurance from a company that undertook the risk with one stipulation: the tub needed a stopper that would prevent water from seeping in!

• If you are in the market for a new vehicle, keep in mind that statistically, there are more collision claims associated with a 2-door car.