Category Archives

Archive of posts published in the category: Insurance
Sep
19

What do I Need to Do if I Use my Car Abroad?

620257604

Be aware that most insurance companies require you to inform them first before you go abroad. In particular you need to check that your insurance policy covers you for at least the minimum level of cover required by the laws of the country you are visiting.

Then ask your insurance company for what is called “a Green Card”. This is a document from your insurance company which confirms that your motor insurance is up to scratch as far as local motor insurance requirements are concerned.

The Green Card is internationally recognised and you should ensure that you pack it in case of emergencies, along with your insurance policy and the contact details for your insurers.
Rental contract. Woman automotive dealer offering key to buyer

You must also prepare your car thoroughly before you go abroad. Have it serviced, check the tyres and don’t forget to check the spare! If you are going to a country which drives on the right you will have to adjust your headlights to dip to the right. With some modern cars this may be just the flick of a switch so check your car’s manual. For other cars you will need a headlight deflector kit which you will be able to buy at any good car accessory shop. They usually only take a few minutes to fit. Oh yes, and whilst you’re at the accessory shop we suggest you buy some spare bulbs for your headlights, sidelights and break lights.

Some countries like Australia also require you by law to carry a first aid kit in the car. Even if they don’t, it’s still wise to carry one. As reported by one of the best Australian insurance companies called Youi, you may also be required to carry an emergency warning triangle. Again you can buy these at your local accessory shop or even at the ferry terminal before you leave. Incidentally, you should be aware that most ferry companies do not allow separate fuel cans to be carried aboard their ships.

insurance

If you do have an accident whilst driving abroad, the actions you need to take should not be too different to what you have to do in Australia. You should stay calm, never  admit fault, check for injuries and contact the emergency services should injuries have incurred. If a police officer comes, make sure you note  his number. Whilst doing that, you also need to get the details for the other drivers including their insurance. Note their registration plates and their vehicle details as well as their name and address.

If you have any witnesses then you should get their details as well.

Sometimes, you’ll be asked to sign a document in a foreign language that you don’t understand. If this happens, write on it in large letters: “I DON’T UNDERSTAND THIS DOCUMENT” and then sign it. If you’re on holiday you are likely to have a camera with you. If so, take photos of the accident . If the damage to your Motor is minimal and you car is still safe to drive then you can wait until you get back to Australia before contacting your insurer. However, if the damage is serious, then call your insurer’s emergency claims number straight away.

Sep
8

Medical Insurance Coverage Help Tips

health-insurance-agency-encinitas-health

One’s health is a very important matter. Medicine and treatment cost a lot these days, however, there are some ways to try and lessen the financial burden and medical insurance is one of them. Below are the different types of medical insurances and how they function.

The first type of medical insurance is indemnity coverage. The patient will be able to choose his own doctor and then pay for his services. Then, the patient will be asked to keep all receipts and paperwork in order to keep track of the healthcare company’s reimbursement. The amount paid by the health insurance depends on the predetermined balance that they acquired. They are given the figure according to the deductible and other details.

health-insurance-portability-all-you-wanted-to-know

The second type of medical insurance is managed care. Unlike indemnity, managed care aims to guide people to visit doctors that are preapproved by the healthcare company. There are three sub-categories for managed care: health maintenance organization (HMO), preferred provider organization (PPO), and point of service plans (POS).

An HMO is a type of managed care because where a certain premium is paid in order to get support from the list of approved doctors. Depending on the premium and the plan that the patient is enrolled on, the healthcare company shoulders the expenses; as long as the patients visit only the approved doctors. In some cases, the health care contractors in Chicago ask the patient to pay some amount.

PPOs work almost the same as an HMO in terms of payment. Patients have to pay a premium in order to get the healthcare benefits.

The main difference is that PPOs do not require referrals for specialists from approved doctors. The patient can go straight to the specialist. Another difference is that acquiring services from non-approved doctors is allowed; only the patient will have to shoulder a bigger percentage of the bill. If a dental office construction Chicago is needed, they can visit the best doctor, but the healthcare company does not pay for the majority.

Health insurance document

Health insurance document

POS is a managed care service that mixes both HMO and PPO. It works under the premise of paying less but the patient will have limited choices. If a person chooses to get help from doctors outside the list, the healthcare construction companies Chicago do not shoulder the expense at all.

Sep
8

First Travel Insurance Tips

suitcase

While taking a trip should always be fun you can never know what to expect when you get there. It may be nasty unexpected weather, the hotel you booked your stay being not what you expected it to be or just the place in general, for all these things you should prepare in advance.

Traveling safe nowadays is synonymous with travel insurance. A good travel policy can protect you and your family members or travel buddies against almost anything that can occur while travelling. Single trips to the mountain, whole-year travel for students or business travels, all these have their own special insurance type designed specifically for them.

Travel insurance tips of the New Year:

insurance

1. Learn how to travel safely. Before you take any trip you should at least have a basic understanding of safe travel. Some of the basic things you should know while travelling are common sense tips such as: carrying less on you so if something like theft does happen – you lose less important stuff, or not dressing flashy. While travelling you should never attract attention with a new Smartphone or jewelry out in the open. Also try to avoid high risk areas and always be prepared ahead of time.

2. Never pay cash for prepaid and non-refundable services. Not all travelers choose to pay by credit cards. Truth be told, using credit cards frequently and loosely is the beginning of most of debt problems around the world. But using credit cards has its upsides. Whenever you travel you should always use credit cards for prepaid plans. This way you gain some protection. For example if an unauthorized bill appears on your card you can dispute it. Having a credit card company at your back will make the purchases safer.

3. Stay away from shady organizations. If you have never heard of an organization you would do well to either stay away or do your research beforehand. Many companies seem to be trustworthy at first based on their website but with no one to confirm, you will never know what awaits you when you arrive at your destination.

4. Guard your identity while traveling. While the new Smartphone’s provide a continuous link to the internet along with so many other features, they also open the way to all kinds of skimmer devices and identity theft. Your cyber identity is not the only thing that needs protection. Remember to always keep your credit cards, ID, passport and insurance policy in a safe place.

5. Always buy travel health insurance. If you plan on travelling outside your normal health insurance policies coverage network you should consider purchasing travel health insurance to protect you against any medical bills or evacuation expenses in case anything should happen.

travel-insurance_cruise

6. Consider trip cancellation coverage. If you are travelling on a budget and cannot afford to lose any money do to any reason you should consider trip cancellation coverage on your travel insurance policy. There are many situations where a trip needs to be cancelled such as natural disaster or family emergencies. For more information about this, feel free to contact Youi customer support.

7. Always carefully read your insurance policy. This may seem as a simple and silly thing to say but most of the rejected claims to travel insurance companies happen because of the loopholes in the policy. Carefully reading your policy will guarantee there will be no misunderstandings with the insurance provider.

8. Don’t purchase unnecessary coverage. Many insurance companies will try to push various types of unnecessary coverage types on your policy. Most of the times you will not need them but that’s not to say that you will never find anything interesting there.