Understanding Aircraft Insurance Policies

Life Insurance ... The advantage for the policy owner is "peace of mind", in knowing that the death of the insured person will not result in financial hardship for loved ones. Life policies are legal contracts and the terms of the contract describe the limitations of the insured events...

With-profits Policy ... They have been accepted as a form of long-term collective investment whereby the investor chooses the insurance company based on factors such as financial strength, historic returns and the terms of the contracts offered... The premiums paid by with-profits and non-profit policyholders are pooled within the insurance company's life fund (Commonwealth) or general account (USA)...

Gap Insurance ... Gap insurance covers the excess amount on your loan in an instance where your insurance company does not cover the entire loan...

Vehicle Insurance ... Several jurisdictions have experimented with a "pay-as-you-drive" insurance plan which is paid through a gasoline tax (petrol tax)... Australia In South Australia, Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 17... In Victoria, Third Party Personal insurance from the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee...

Insurability ... An individual with very low insurability may be said to be uninsurable, and an insurance company will refuse to issue a policy to such an applicant... For example, an individual with a terminal illness and a life expectency of 6 months would be uninsurable for term life insurance... This is because the probability is so high for the individual to die within the term of the insurance, that he/she would present much too high a liability for the insurance company...

Liability Insurance ... If a declaratory judgment is sought, the issue of the insurer's duty to defend will be resolved. If the insurer decides to defend, it has thus either waived its defense of no coverage (later estopped), or it must defend under a reservation of rights...

Insurance Bond ... Since the introduction of unitised insurance funds they have often been marketed as unit-linked bonds or investment bonds...

Health Insurance In Germany ... The statutory care insurance covers a portion of the home and residential care costs if an increased need for nursing or household assistance of at least six months will occur... The insured person Compulsory insured and voluntary insured people of the public health insurance are compulsorily insured in the social insurance... Voluntarily insured people have the possibility to switch to the private care insurance, which also include the fully insured people of the private health insurance...

Health Insurance In The United States ... In a more technical sense, the term is used to describe any form of insurance that provides protection against the costs of medical services... This usage includes private insurance and social insurance programs such as Medicare, but excludes social welfare programs such as Medicaid... In addition to medical expense insurance, it also includes insurance covering disability or long-term nursing or custodial care needs...

Casualty Insurance ... In its most basic form, automobile insurance provides liability coverage in the event that a driver is found "at fault" in an accident... This can cover medical expenses of individuals involved in the accident as well as restitution or repair of damaged property, all of which would fall into the realm of casualty insurance coverage... If coverage were extended to cover damage to one's own vehicle, or against theft, the policy would no longer be exclusively a casualty insurance policy...

Tax Rates Around The World ... Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country and sub-national unit. The graph below gives an indication by rank of some raw indicators...

Auto Insurance Risk Selection ... History Conventional methods for determining costs of motor vehicle insurance involve gathering relevant historical data from a personal interview with, or a written application completed by, the applicant for the insurance and by referencing the applicant's public motor vehicle driving record that is maintained by a governmental agency, such as a Bureau of Motor Vehicles... Such data results in a classification of the applicant to a broad actuarial class for which insurance rates are assigned based upon the empirical experience of the insurer... The current system of insurance creates groupings of vehicles and drivers (actuarial classes) based on the following types of classifications...

History Of Insurance ... The insurance tradition was performed each year in Nowruz (beginning of the Persian New Year); the heads of different ethnic groups as well as others willing to take part, presented gifts to the monarch...

Insurance Law ... The expansion of English maritime trade made London the centre of an insurance market that, by the 18th century, was the largest in the world... At the same time, eighteenth-century judge William Murray, Lord Mansfield, was developing the substantive law of insurance to an extent where it has largely remained unchanged to the present day - at least insofar as concerns commercial, non-consumer business - in the common-law jurisdictions...

Health Care System In Japan ... People without insurance through employers can participate in a national health insurance programme administered by local governments...

Dental Insurance ... Dental insurance companies have similar fee schedules which is generally based on Usual and Customary dental services, an average of fees in your area... When a dentist signs a contract with a dental insurance company that provider agrees to match the insurance fee schedule and give their customers a reduced cost for services, this is considered an In-Network Provider or Participating Provider network (PPO)...

Endowment Policy ... Endowments can be cashed in early (or surrendered) and the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid in to it... Unit-linked endowment Unit-linked endowments are investments where the premium is invested in units of a unitised insurance fund... Low cost endowment (LCE) A low cost endowment is a combination of: an endowment where an estimated future growth rate will meet a target amount and a decreasing life insurance element to ensure that the target amount will be paid out as a minimum if death occurs (or a critical illness is diagnosed if included)...