Personal Accident Insurance – International Employment

Personal Accident Insurance – Working Overseas

You’ve just been awarded a new position by your company; overseas. Do you Have Personal Accident Insurance? They will be transferring you to Moscow, Russia to run the Marketing Department of your Fortune 500 Corporation. It’s a very big step up the corporate ladder and a great opportunity. You also have so many things to think about however; so many lose ends to take care of. Certainly, the last thing you want to be concerned with is your International Benefits package.

What is the International Benefits Package, does it provide Personal Accident Insurance?

You’re sure that you’ll have International Health Insurance, Workers Compensation Insurance and you’ve already signed up for the free Life Insurance that’s provided. So that’s enough, correct?

Well, unfortunately it’s not, it appears that they left out Personal Accident Insurance Personal Accident Insurance.

When a company sends their employees overseas, they generally provide the above referenced coverages in the benefits package. This is not always enough though. Reason being, you will indeed have health insurance if you or a family member becomes ill. If you’re injured on the job then of course Workers Compensation Insurance will cover you. Additionally, if you are in a declared War Zone, then Workers Compensation Insurance will provide 24 hour coverage. But what if you are not in a War Zone and God forbid, you lose a limb, or worse – your life, and you are not engaged in work activities?

Where Does International Workers Compensation Insurance Stop Covering?

Example, a 40 year old Engineer is in Saudi Arabia working on a project for his company. He comes home Friday night not feeling well, so he skips dinner and goes to bed early. The next morning, no one can reach him. A colleague is sent to check on him and finds him unresponsive. It’s later determined that he died of a heart attack. What will his family do? Workers Compensation Insurance won’t provide ANY coverage because Saudi Arabia is not a War Zone and the event didn’t happen while he was “on the job”. Essentially all his family will receive is a minimal Life Insurance settlement.

Personal Accident Insurance;

This is where Personal Accident Insurance comes in. It is critical that your company carry Personal Accident Insurance Coverage if you are on an overseas assignment. A Personal Accident Insurance policy would send a check immediately to the family for the agreed upon amount by the company. In this particular narrative, a true story, by the way, the family received a check for $500,000 along with the life settlement. They would have been devastated without this coverage as Life Settlements are rarely enough. If however you lose a limb and can’t work, the policy would also respond and pay the designated amount for a loss of limb.

What About War And Terrorism Coverage is it included in Personal Accident Insurance?

Here is the most important part: War and Terrorism ARE covered by our Personal Accident Insurance making it a very broad policy. Further, Life Insurance Always Excludes War/Terror. So, worst case scenario, you are on an overseas assignment, off work, and an IED – Improvised Explosive Device is triggered, killing you. There would be NO coverage from any Life Insurance Policy, Workers Compensation Policy, or Life Settlement Insurance Policy, unless, you are insured by Personal Accident Insurance. Unfortunately, in our current unstable political climate, this type of event happens more often than one might think.

Steps in Car Accident Insurance Claims

Car accident is one of the leading causes of personal injury. A few suffer minor injury but almost half of that involved severe injuries, permanent disability and death.

A recent study shows that car accident results thousands of deaths each year. In fact, it is the leading cause of death of people between the age of 6 and 27.

Having been involved in a car accident is a traumatic experience. Aside from the physical pain and suffering, there is emotional distress, loss of income and property damage. All of these constitute financial compensation, which one can recover from the party at fault or from his insurer.

How to determine damages after a car accident

After a car accident, the next thing to do is to ask for compensation for the injury and other damages suffered. With this, the help of a capable car accident insurance lawyer is certainly needed.

The following are the steps to consider in filling your claim.

Secure a copy of the police report.
Know what protection your insurance policy will provide.
Sign a medical release so that a copy of the medical record will be presented to the insurance company.
Make a claim for physical injuries under medical pay coverage.
If the other party is at fault, make a claim under the uninsured motorist coverage.
Secure at least two car repair estimates if your car is totaled.
Present estimates and allow your car to be photographed.
Present bills for storage and towing cause.
Ask your agent to help arrange a temporary substitute vehicle if you have rental reimbursement coverage.
Notify your agent for any damages discover during the repair.

After filling your claims against the party at fault, you can also file a claim against your insurer. Filling a claim against the latter requires patience and hard work. The following are essential dos and don’ts that will guide you to facilitate your claim.

Do’s

Do contact your insurance company immediately after the accident.
Do take time to read your insurance policy. This will guide you on what kind of claim you are covered.
Do your best to get details of the accident. You can also take pictures of the damaged vehicle or get the number of the witnesses.
Do make a note of the insurance detail of other persons involved in the accident.
Do keep a written account of your conversation with the insurance agent and other people involved in the accident.
Do keep receipts and bills of all expenses incurred in the accident to be presented to your insurer.
Do be frank and honest to your insurance collector so that your claim will not be denied.
Do check if you have other insurance policy that provides coverage for the same accident or injury.
Do consult a car accident insurance lawyer.

Don’ts

Do not admit any liability. Just stick on the facts without giving any opinion.
Do not give anything in writing to your insurance officer especially if you do not understand some part of our claim.
Do not let any time limit of your insurance claim runs out. Most of insurance company provides a period for filling claim after an injury. Do not disregard the period or else your claim will not be considered valid.
Do not take everything that your insurance agent tells you especially with regard to your claim. Most insurance companies like to settle claims in an amount smaller than that actually suffered.
Do not sign anything that is a release or a waiver of anything. If you are ask to sign and you are not sure of it call an attorney.
Do not take a check as a full and final payment unless you are certain that it is a fair compensation of your claim.

Accident Insurance Essentials For Everyone

What exactly is accident insurance? Basically, it is a specific type of insurance that would protect your finances in case of an accident. Procuring this insurance is very important in order to remain financially stable, when there may be an unfortunate outcome caused by the accident. Any events that will result in bodily injury that was not self inflicted would be considered an accident and would be covered under that insurance policy. An accidental death is classified as a fatality that is directly related to an accident that isn’t self inflicted and happens within a 12 month time period of the accident.

The primary reason for obtaining accident insurance is to protect yourself and your family from a possible hardship, in case of an accident. If something were to happen that deems you incapacitated or unable to provide enough income to pay the medical bills, your family will suffer financially, as well as emotionally. In the unfortunate event of death, the coverage is vital for your family members that are left behind to pay all the expenses. The mortgage and car payment will continue to be due, even if you are out of commission and cannot pay the monthly amount. These companies may carry a small insurance coverage on the loan; however, it will not pay them off completely if you are not around or can’t go back to work because of a serious injury. Funeral expenses, medical bills and burial or cremation are other good reasons for having the coverage of accidental death and accidental serious injury insurance.

Who would benefit from this insurance? Simply put, almost anyone would benefit from having this type of insurance protection. If you think that insurance isn’t a necessity or that you can just add it later, you should think again. If you want to fully protect your loved ones from financial devastation, you owe it to them to carry the proper coverage. No one can predict when an accident may occur that leaves you with quadriplegia, paraplegia, blindness, deafness or possible paralysis to lose the use of your limbs. Children can also be added to the policy for accidental death or injury that will cover meningitis, encephalitis and major head trauma, along with the above conditions.

The only aspect left to decide is the when and where to obtain such insurance. When should you consider obtaining the insurance policy? Some people may think that it is perfectly acceptable to wait until they are older to carry accident insurance. The facts, however, state otherwise. It is a fact that accidents happen every day in the world and no one can fully predict or prepare for this type of an incident. Research done proves that about half of parents do not have adequate life insurance coverage to prevent the family from devastation if they pass. Considering these statistics, it is advantageous to obtain the proper coverage as soon as possible. With many carriers offering services online, finding good premiums and insurance should not be too difficult. There are even online options that have an insurance calculator that can be used to figure the actual amount of coverage that you will need. Utilizing these services will allow you to find the best protection for your family to live independently after you are gone.

An In Depth Look At Your Accident Insurance Claims

Going over an insurance policy, especially if you decide to purchase one, wouldn’t be that easy. You are going to face the burden of paper works just to be sure that your insurance is the real deal, like most of us dream of. Some individuals bought their insurance for the reason that their neighbors, friends, and/or relatives purchased one. They don’t want to be left behind and as a result, they would avail on insurance even without going through important matters, and most likely, this could be disastrous. One thing that is confusing about accident insurance is that the coverage is not clear to many.

The filing for claim in an accident insurance is the most confusing part. Normally, nobody have any clue regarding it. If you find yourself or someone in your family experiencing this kind of problem, just remember not to be discouraged upon facing it. With regards to insurance policies and claims, here are some helpful suggestions which could surely lower down your worries.

Getting To Know Better The Policies

Before you engage yourself in the world of insurance, particularly accident insurance, make certain that you understand the full content of it if possible or majority of the policies it holds at times of accident. Read carefully all the lines of your contract. If ever there are things that is not clear to you, feel free or do not hesitate to ask the insurance agent for clarifications. They are there to assist you that is their job. Talking about accident insurance claims, there is nothing more popular than car accidents, but the terms and conditions behind it are not so popular amongst people. Because quite possibly majority of us are fortunate enough to evade such an experience.

At The Accident Site

Right after any car accident, never forget to call your insurance agent for an advice. If you are capable, take pictures of the damages of the car or better yet shots of injury that are related to the accident. They could play a great role in your accident insurance claims. Collect all the needed data of the accident that you think would help you. Try to get the insurance details of the other party or parties involved in the accident.

Right After The Accident

As early as possible, file for your insurance claims. Further delays might have a direct effect to it. That is due to the fact that insurance companies give a limited time frame allowed for claims. If it so happens that an insurer exceed the designated time period despite all his or her valid reasons, the insurance company would not honor the claims. All the written notes you have compiled are useful, once the proceeding for your claim starts. Upon dealing with your insurance agent, it would be helpful not to hide anything lying that could jeopardize your claim for you could be denied from all that needed claims. If everything goes smoothly in your claims, bills pertaining to repair, medical, damages, and legal are taken care of by your insurance company.

Car Accident Insurance Claims DO’s and DON’Ts

After you have been in an accident, you will want to make an accident insurance claim for the damages on your vehicle and your personal injuries. Before you get in touch with your car insurance company, it is helpful to know 13 dos and don’ts to prepare your approach to taking steps after you have been in an automobile accident.

DO’s and DON’Ts for Making Car Accident Insurance Claims

• DO take pictures of the scene of the accident. This includes damages on your vehicle, personal injuries, damaged property, accident site, etc.
• DO read over your auto insurance policy to understand what will be covered and what won’t be covered.
• DO see if you have any other insurance that you will get more coverage out of.
• DO understand the difference between the cost of your car for replacement, what you owe on your car, and gap coverage.
• DO call your car insurance agent as soon as possible after a car accident.
• DO answer any questions asked, by your insurance company, honestly but with no elaboration.
• DO write down what you and your insurance company talked about. Be specific about key components of your car accident insurance claim.
• DO call your lawyer to make sure you are receiving a fair car accident insurance claim.
• DO save all your receipts of your purchases/expenses from your car accident.

• DON’T agree to any estimates your insurance agent gives you.
• DON’T send an agreement statement to your insurance company.
• DON’T accept checks from your insurance company.
• DON’T allow yourself or your insurance company to miss deadlines.

Contacting a Lawyer in your state

It is necessary to contact a lawyer in your area after you have been involved in a serious car accident. Since many car insurance companies will give you the minimum compensation for your accident insurance claims, your lawyer will give you valuable tips as to what to say to your car insurance company to protect your claim and increase the odds that you will be able to pursue the most out of your car accident insurance claims.

Your lawyer in will help you determine how much your car accident insurance claim is worth so you will not be blindsided by your car insurance company. He/she will also help guide you through the do’s and don’ts of your car accident insurance claim.

Know What to Consider While Buying Personal Accident Insurance Policy

Accidents are uncertain, and can cause irreparable damage to the individual. Hence, it is important to buy the correct sort of insurance to protect oneself against any such possible unfortunate incidents. Buying accident insurance is thus, an important financial decision.

Personal accident insurance policy covers the risks confronted by the buyer due to a fatal accident. It provides coverage for both death and disability caused as a result of the accident. Purchasing this insurance can give certain significant benefits, such as:

• If the person dies in an accident, the beneficiaries of the person would get some amount as death cover. This will provide much needed financial support to the family after the person’s death.

• If the person sustains an injury because of an accident, a lump sum is paid for medical treatment. Even if the person does not face complete disability, for instance loses an eye, the personal will get a portion of the sum assured for covering medical expenses. A disabled person is also entitled to get a certain periodic sum, say a monthly remuneration, if the person is employed in an organization.

Things to look for in insurance policy:

While buying a personal accident insurance, the key factors to be considered are the number of years, amount of cover, and the benefits to the beneficiaries.

What all are covered under the policy: You should look for events leading to accidents. Know whether the type of accidents you are likely to face are covered by the policy. For example, see if the accidents apart from road or rail are included, such as fire accidents at home, accidents due to slipping on the steps of the apartment, etc.

Compensation amount: The payable compensation amount is also important. This, in turn depends on the size of the family, the risk involved, whether your spouse is working, etc. How much is payable on death, disability and minor disability should be examined. For example, know about the amount compensated for your family in case of your death, monthly remuneration for medical expenses, etc.

Percentage of benefit under permanent/temporary disability: Find the portion of the sum offered as the risk compensation. This depends on the accident resulting in death or disability (partial/temporary). For different conditions, varying amount is payable.

Exclusions and limitations: You should have a look at exclusions and limitations. These are significant as overlooking any of these could make your claim void under certain circumstances. Some of the common exclusions include:

• Persons aged above 75 years are not eligible to take this insurance
• Driving under the influence alcohol or drugs would make your policy void
• Injury caused by an existing infirmity or defect in the body
• Accidents caused due to sports like polo, sky diving, professional diving, etc.
• Accident because of war related events or riotous conditions
• Full-time active service in the armed forces
• Suicide or deliberate self-inflicted injuries
• Criminal acts
• HIV/AIDS

All these events make you forfeit the benefits. Hence, you should look out for any provision in this regard.

Things to look for in the insurance company:

Once you are sure of the details of policy, you should choose an insurance company having proven repute and experience in selling accident insurance policies, settling claims, facing financial legal challenges, if any. You should consider the following:

• Reputation and existence: Consider the reputation of the company in the market – how long it has been there in the market. As a thumb rule, a company is supposed to be there for not less than five years, in any case. Reputation is built over a period of time in terms of timely help to the customer.

• Claim settlement ratio (should be at least 75%): Insurance is for the long-term and the company should be strong enough to meet the demands of claims furnished by its customers. A benchmark is that the company should be able to meet a minimum of 75% in claims cases.

• Premium charged by the company: The premium charged should be reasonable and comparable with other insurance companies. Premiums may vary across the companies because of the benefits offered, duration of the benefits, etc.

Opt for a reliable brokerage firm to get best deals:

Once you decide to buy the insurance, you can purchase contacting the insurance company directly in person or through online. You can quote for their premium giving out the necessary details/specifications.

Another way of purchasing insurance is to go for a brokerage firm. This is indeed, the best option. This is so because, brokerage firms are experienced and knowledgeable enough to advise you the best deal in terms of amount of cover, duration of the cover, premium payment, claim settlement, document verification – that are involved in the whole process.

Auto Accident Insurance Claims – There Are Some Things You Need To Do

If you have been in an auto accident then you will likely have to file an auto accident insurance claim. This can prove to be quite a task dealing with insurance adjusters and the things that come with it. When filing an auto accident insurance claim there are some things you should know that will prove to be essential to you.

Contact your insurance company very soon after the accident. This is the first one to call in case of injury also. Take time to read what pertains to your auto accident insurance claim when you first receive your insurance policy this will help clear up any misunderstandings before accidents happen and will give you an idea of what your auto accident insurance claim entitles you to instead of having to worry about it while your going through the trauma of an accident.

When you writing your statement include as much details of the auto accident as possible. You can reinforce your claim by taking pictures of the vehicle and any injuries that may have been sustained due to the auto accident. Take down names and numbers of any witnesses that may be able to help in proving your auto accident insurance claim when the time comes. Remember to take notes on any other persons or vehicles that were involved in this accident because this is very important to your claim.

Keep all records pertaining to your claim. Write down when you have a conversation with the insurance officer, agents or anyone else that is involved with this auto accident insurance claim. Remember to keep all the bills and receipts that you may incur during this time. It is important to be honest with your insurance company because if you are not you could be disqualified due to fraudulent reasons. An auto insurance claim has been turned down many times on these same bases.

Another important thing to remember is that you may make more than one auto accident insurance claim, so check any other policies you may be holding to verify this. Take time out to review all your policies. You may be entitled to file more that one auto insurance claim, so make sure you claim for all that you are able to claim for.

Occupational Accident Insurance For The Best Protection

Accidents and hazards are part of our day to day life, and they are sometimes related to our occupation as well. You may suffer from an accident while performing your job. Such accident may result in your untimely loss of life, or temporary or permanent disability. While most hazards can be foreseen, accidents occur without warning. Therefore, it is proper to be prepared for any such accident, and its consequential affects. An occupational accident insurance might just be the answer you need. It is an accident insurance for your protection.

An occupational accident insurance covers you against medical expenses, disability, accidental death, and dismemberment that you may suffer due to accident without any of your fault. It is therefore in the interest of natural justice that you be suitably compensated for your loss or damage, by the person whose negligence caused such damage, or the company under whom you are insured. To take out such an insurance policy, you will need to pay a monthly premium. But the advantages you derive largely outweigh the small setback of paying a regular premium. Such premiums are is mostly affordable.

If you suffer an accident in course of performance of your duties, the insurer will bear your medical expenses to the limit as prescribed in your insurance policy. In case of your death, your policy claim would support your family. On the other hand, in case of dismemberment or disability, it will provide you with a sustained livelihood. Accident insurance is the only way you can protect yourself and your family.

The occupational accident insurance policy is however not without any drawback. The insurance policy is limited in nature, and covers you only in case of accident. Therefore, most people prefer it as an addendum to the original policy that they are holding. Many a times you will find that the benefits promised under the occupational accident insurance scheme are already well covered by your main insurance policy. Therefore, there are quite a few who do not prefer to add an extra premium burden by enrolling under this plan.

However, there is a reason as to why you should have an occupational accident insurance policy. Those who are not covered under the workers’ compensation plan for any reason, should have the occupational accident insurance. It is also an ideal scheme where you cannot afford to pay high cost, but desire to have the best protection. Occupational accident insurance is not only for the workers, but also covers the entrepreneurs. Some of the policies have the advantage that they cover round the clock incidents. The insurance plan is similar to that of Worker Compensation insurance.

Car Accident Insurance Claims – How to Pay For Auto Damages

To get money from your car accidents insurance claims, you first need to know which insurance policy will pay for your vehicle damages. There are two main insurance policies that pay for your car repair costs. The first place to look is the….

Liability Insurance
If you want money from your car accidents insurance claims, you will need to file a Third Party Claim against the other driver’s Property Damage Liability insurance. A Third Party claim is whenever you want to file an accident claim against another driver’s insurance provider. The driver and the insurance company are the first two parties; you are the third.

Usually, the liability insurance is enough to cover the cost of an average car accident.
Even if the other driver purchased your state’s minimum liability insurance requirement, you will find that it is enough to pay for your vehicle repair. For example, New York’s state minimum property damage liability insurance is for $10,000. Other states minimum requirements fall between $5,000- $25,000.

The first thing you should do is get a copy of the other driver’s insurance policy. This way you can check how much money you can potentially get from his/her liability insurance. The liability insurance will be listed as three numbers where the first two numbers are for bodily injury limits and the third number is for property damages.

For example, a New York State Liability insurance policy may read 25/50/10. You would read this as “$25,000 for each injured person with a $50,000 limit per accident and $10,000 for property damages.” Now you know the most you can get from your car accident property damage insurance claims is $10,000. You can then determine if this will be enough to pay for your vehicle repairs.

However, just because the insurance company can afford to pay for your damages, doesn’t mean it will. You still have to show the other driver caused your car accident. This means you have to collect evidence such as photographs, car accident reports, statement from witnesses etc. The car accidents insurance claims process can also take months to complete because insurance companies aren’t really in a rush to pay for your damages.

This makes dealing with another insurance company really frustrating and time consuming. To avoid this you can file a car accident insurance claim under your….

Collision Coverage

Collision coverage is an insurance policy with your own provider that pays for your car repair costs, regardless of who caused the auto accident. The benefits of filing under your collision coverage are that:

You are guaranteed to get money for your car damages.
You save time because you don’t have to collect evidence against another driver.
The car accidents insurance claims process is smoother since you are dealing with your own insurance company, instead of another insurance provider.

The whole process can be completed quickly and you can receive an accident settlement check within a few short weeks.

However, the disadvantage of filing under your own collision coverage is that you will have to pay a deductible. The deductible is typically a few hundred dollars which you must pay out of your own pocket. Once you have paid the deductible, the insurance company will pay for your repair costs.

What Exactly Is Accident Insurance?

Accident insurance can be defined as insurance coverage taken out to protect an individual in the case of personal injury as a result of an accident. There are different types of such insurance policies available, but 9 out of 10 times accident insurance plans will not pay for injuries because of carelessness or acts of God or natural disasters.

Most trustworthy insurance providers or certified brokers will be able to advise you regarding obtaining accident insurance. This could be by means of an add-on to an active policy, or as a separate policy and is typically available at reasonably competitive costs.

As with just about all insurance plans, acquiring accident insurance is seen as a bit of a wager. The client takes out insurance with the expectation that he/she will never be in an accident and the insurance provider will write the policy with the hope that they’ll never need to pay out. Then why, if neither the insurer nor the insured wants to utilize the policy, is accident insurance even needed?

The answer is simple: A mishap can occur at any time and not everyone may have funds available to spend on treatment, a hospital stay or for any other expenses associated with the injuries suffered in the accident. This is especially true if people don’t have health insurance or medical aids – where will they suddenly find a lump sum of money to cover these unforeseen costs?

Remember that not all accident policies will offer the same cover. Some policies will simply pay the insured to cover medical expenses following an accident. Other policies may also include pain and suffering brought upon from the accident and the injuries sustained. Other policies might pay out a monthly amount to care for an insured that’ve been permanently disabled due to an accident and for that reason won’t be able to work and earn an income again. Other policies will pay out a named beneficiary in the eventuality of the passing away of the insured. Ensure that you’ve got a good idea of your insurance needs to enable you to pick the best available policy to meet your requirements.

Ensure that you question the insurance company’s track record to paying out claims before you commit to a certain insurance provider. Some companies are infamous for dragging their feet when having to pay a claim, trying to find excuse after excuse and examining every single detail of the accident again and again. Following an accident, you will usually need instant care; therefore a company with a poor pay-out track record might not be the best option to follow.

Accident insurance can also be taken out to protect those who participate in extreme sports. Anything from horse riding to technical scuba diving and white water rafting could make an individual a risky proposition for an insurance company, so make 100% sure if your accident insurance policy will cover the cost of an ambulance, a hospital stay, physiotherapy and other treatment following an accident. These types of policies are often slightly more costly than a typical accident insurance policy, but as these types of sports can cause severe injuries, it is totally comprehensible!