Is Your Courier Package Insured enough?

Fact: When Microsoft bought all rights to the very famous Windows wallpaper “Bliss” from the famous National Geographic Photographer, Charles O’Rear, the courier service refused to deliver the original photograph to the Microsoft Office. “Bliss” by Charles O’Rear Reason: When the courier service found out how valuable the photograph was ( second-largest payment ever made […]

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Homeowner’s Insurance

You have bought an Auto Insurance as well as Homeowners’s Insurance from two different carriers. If you hit the door of your garage door while parking your car, which insurance would cover the repairs for garage door? Options – Auto Insurance Homeowner’s Insurance It will be a shared cost between both insurances You will pay […]

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Starbucks spends more on health care for employees than coffee beans

Starbucks offers a generous benefits package to their employees, including providing healthcare to employees who work 20 hours a week or more. In fact, according to Howard Schultz, Ex-CEO of the company, Starbucks spends $300 million annually on healthcare, which is more than what they spend on coffee beans. Health care is a larger business […]

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Hole-In-One insurance

‘Hole-in-one’ insurance allows golfers to offer huge prizes to anyone who gets a hole-in-one. Hole-In-One insurance is often purchased by a golf tournament host or sponsor as a protection against any golfers winning the large prize award(s) in a Hole In One contest. The insurance indemnifies the sponsors in respect of the assumed liability to […]

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An insurance policy exists for death by excessive laughter at a movie theater/stand-up.

What Is Death by Laughter Insurance? Essentially a unique kind of liability coverage, death by laughter insurance is a policy designed to protect comedians, stand-up comics, or anyone else who runs the risk of killing someone through their sheer wit alone. Though comedians and the like thrive on making their audience members laugh, there’s always […]

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Your home insurance probably covers volcano and meteor damage

You may know that your home insurance doesn’t protect you from flood damage, but you may not fully appreciate all that it does protect you from. Home insurance policies usually cover damage from volcanoes and even meteors, for example. Like flooding damage, though, earthquake damage is usually not covered. It’s best to read your policy […]

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America’s insurance history predates the American revolution

You may not have heard of the Philadelphia Contributionship, but it’s America’s oldest, continuously active insurance company, founded in 1752 by Benjamin Franklin and others. It was originally modeled on the English insurance companies that were established after London’s Great Fire of 1666, with some Philadelphians joining forces to protect each other financially against fire […]

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Cyber Insurance

A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is designed to help an organization mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event. With its roots in errors and omissions (E&O) insurance, cyber insurance began catching on in […]

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Pet insurance

Pet insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen. As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets’ health […]

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Wedding Insurance

Wedding Insurance protects a couple’s investment in wedding from the circumstances beyond their control, and reimburses expenses incurred. For example, what if your limo driver doesn’t show up and you have to book another one the morning of the wedding for three times the price? Or what if the groom’s custom-made tuxedo is lost in […]

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The most common life insurance myths

Following are the most common life insurance myths :   1.  Insurance is for saving tax Saving tax is just an added advantage of insurance policy. The main objective of insurance is to provide protection to you and your family and to build an assured corpus for your future needs. 2.  Insurance will benefit only […]

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Blockchain Technology

The emerging Blockchain Technology will be the greatest revolution in Insurance.   How Blockchain Will Work in Insurance? Say a customer named Viraj Chauhan contacts a life insurance company (Company- A) for a new policy. However, Company A rejects the proposal due to unsatisfactory medical reports. Now, Viraj contacts another insurer (Company- B) for life […]

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Property Insurance

According to the IRDA, only about 1% of Indian homes are actually insured! Clearly, there is a glaring lack of awareness regarding home insurance and the benefits associated with it. However, with several banks and financial institutions advocating property insurance along with loans, this trend is all set to change and things are bound to […]

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Deductible

What is a Deductible? The deductible on your insurance is the amount of money on an insurance claim you would pay before the insurance company pays. It’s what you’ll be paying out of pocket prior to the insurance coverage. 1. Deductibles Aren’t Paid to Insurance Companies After a property claim, your insurance company will pay […]

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Workers Compensation

Employer, Employee and Workers Compensation  Workers’ Compensation Laws Vary from State to State Workers’ compensation program, also known as workman’s comp, is regulated by state governments. The regulations and rules are designed to suit the local requirements. There can be significant differences in the claim process, calculation of premiums and benefits covered under the program. […]

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