Insurance

Classic Duesenberg Ride

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The first Dursenberg sports car was built by two self taught German born engineers in 1913 using the Duesenberg Automobile & company Inc brand name in Des Moines, Iowa USA. This hand built cars were in the league of the most desirable sports cars when they were introduced. In fact, the Dursenberg car won a number of races that includes the Indianapolis 500 and the French grand prix between 1921 and 1927. Even though this classic car model was a marvel during its hay days, it failed the mass production test because the company had no profitable sales volume so it became bankrupt and closed up.

The classic Dursenberg was later bought out by Auburn Automobile Company among many others who used the advanced Dursenberg Brothers engineering know how to produce several luxury sport cars using the Dursenberg brand name. The model J was the first Dursenberg luxury car design to be rolled out after it was bought out. It was released during the 1928 New York car show. This vehicle model had all the markings of a high-end luxury sports car. It boasted of unheard top speeds of 119 miles per hour with high gear acceleration rates that could shoot to 94 mph when moved to gear two. Beside that, it had a supercharged 256 horsepower engine that supported eight straight dual camshaft overheads.

However, while the engine work was done by Dursenberg all the bodywork was subcontracted to specialized car chassis builders form North America and Europe who gave the Dursenberg luxury car its elegant finish. The chassis value when adjusted for time plus inflation in 2004 went for 8500 dollars with the complete model going for 13000 dollars. However, users had to get a top of the range Duesenberg model for $20,000. Between 1913 and 1927, before the original company went bankrupt, the Duesenberg luxury sports car brand manufacturers presented model A and X. But after Cord Corporation bought it out in 1929, it released sports cars under the model J series until 1937 when they started getting fazed out of the market gradually.

Another notable achievement in the history of this classic high-end luxury car was in 1932 when the Duesenberg SJ model was launched. A three hundred and twenty five supercharged horsepower engine that could achieve high speeds of close to one hundred and thirty five miles per hour powered this classic sports car. With this new sports car edition, the Duesenberg vehicle became a household name across America among the rich and famous. Some of the most prominent individuals of that era who are known to have owned or driven the Duesenberg SJ model include the Duke of Windsor and Clark Gable.

However, this success story of Duesenberg did not last beyond 1937. This is largely because production of this luxury car ceased when the business empire of their new owners was burst with the worldwide economic depression of 1930s. Currently, only 481 Duesenberg model J and SJ can still be traced with auction values of $2 million and beyond.

Insurance

Understanding Family Health Insurance

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There are different types of health insurance covering all walks of life like individual, family, employees and others.

What is a Family Health Insurance?

Families are always special and they ought to have complete protection against medical emergencies. A comprehensive Family Health Insurance helps to save medical cost and complete shield to family against emergency due to an accident or sudden illness. Family members covered under Family Health Insurance are spouse, dependent parents and children of an insured.

Benefits of Family Health Insurance

During a policy period if the sum assured has exhausted as more number of people covered, the policy can be renewed at no extra cost. Health Insurance Companies cover Health check -ups, day care treatment, pre and post hospitalisation etc. A new member to the family can be added anytime during the policy period and in case of death of family member others can avail same benefits and health cover without any hindrances.

A lump sum cash benefit is paid upon being diagnosed for a critical illness such as first heart attack, cancer kidney failure and others as well. If a family member covered under Family Health Insurance has to travel aboard for treatment, Health Insurance Companies bear all the expenses like travelling cost, cost of treatment abroad and expenses incurred by the person accompanying the insured. Cashless hospitalisation are very helpful if case of unforeseen medical uncertainties.

Common exclusions of a Family Health Insurance

Health Insurance Companies do not cover any pre-existing injuries or illness. Any diseases diagnosed within 1 month from the date of commencement of policy are not included. Only injuries due to accidents are covered within 1 month. Medical expenses due to self inflicted injury or attempt to suicide are not covered. Dental treatments, cost of contact lens are not part of Family Insurance Plan. Cost of treatment incurred due to consumption of alcohol or drugs are not born by the Health Insurance Company.

Lump sum cash benefit covering a critical illness is paid only once in life to spouse or an individual after waiting period 3 months or survival period of 1 month is met under Family Health Insurance. Children are not covered for critical illness by the Family Health Insurance.

Family member are engaged any of dangerous sporting and sustained injuries due the sporting action is not borne by the Family Health Insurance.

Sudden Illness and expensive medical expenses of a family member can cause lot of financial liability. A well planned Family Health Insurance will help in facing medical emergencies and access to best medical treatments.

For more information visit: Family Health Insurance and Health Insurance Companies.

Insurance

Qualified Professional Staff Influence Insurance Rates Of Day Care Centers

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Taking good care of a day care project is a remarkable test for a few reasons. Complying with the legal factors of the business and meeting other state requirements is just one. Hiring, teaching, and retaining the ideal and experienced employees is anther crucial issue. Finally, taking everyday decisions about different organizational tasks, including decisions about insurance, is another challenge. Insuring a day care business is among the most problematic jobs that face managers of day care centers, and insurance consultants as well. As an example of that challenge is clear when we learn that some insurance providers will even reject to insure a strip mall, just based on the mere fact that a day care in leasing in that strip mall!

Day care centers can be placed in to two main types, one that offers daily care for young children and the other type is the one that gives day care for old people. While the customers have varying ages and shapes, they all have specific things in common- They all are incapable of caring for themselves, and they need another person care for them because of their mental or physical incapacity. There are lots of limits and guidelines overseeing the practices of these day care centers and many issues related to their insurability.

Standard Insurance Coverages for Day Care Ventures

Regardless if the day care is a nursery for little kids or a day care for adults, certain coverages that day care business need are similar ones needed by other ventures. These coverages include:

Property Coverage: This incorporates building coverage (if owned), business property, office fixture, computers, outside business signs, etc.
Commercial General Liability: Includes bodily injury and property damage coverages for premises, advertising injury, and product liability. Sexual molestation insurance coverage is excluded in the business liability section. Because of the nature of the business that incorporates taking care of incompetent people, insurance companies like to stress this exclusion and the ways to include it in the policy, if so wanted.
Workers Compensation: Workers comp is a vital coverage for all businesses. It covers employees and staff against any work related accident. This coverage is mandatory by law.
Business Auto Insurance: Day care businesses may need this coverage in the scenario they have an auto that is used in the course of business activities (utility truck, van or autobus).

Unique Insurance Coverage Necessary For Day Care Centers

As laid out earlier, an important coverage that might be necessary for day care businesses is sexual molestation. A few insurance providers provide limited coverage as a rider to the policy, for an additional premium. Normally limits on this coverage is kept low provided by the insurance company. Remember that sexual molestation is a crime, not an accident!
Sexual molestation coverage is obtainable at lower limits such as $35,000 or $75,000. Not many insurance companies that like to offer more than $300,000 in liability for sexual molestation coverage.

Information Influencing Day Care Insurance Premiums

Insurance providers seek information from and about day care businesses applying for insurance. This information will affect their insurance rate and entitlement. This information includes:

Location Description of the Business: Companies charge different rates based on ZIP codes because ZIP codes is correlated to the probability and frequencies of the happening of losses and claims.
Business Owner Experience: Some insurance companies look at older businesses better than recently established ones. Other companies my simply disqualify certain new venture day care centers from insurance.
Numbers of Attendants; Full Time, and Part Time Staff: Each company looks differently at the ratios of professional people compared with attendants.
Certain companies will refuse day care centers if these centers do not keep certain ratios.
Services Provided: Some day care facilities offer more than non medical care such as counseling, medical care, services for challenged children, public transpiration, sport activities such as swimming and gymnastics. If so, all activities have to be disclosed to the insurer.
Hiring Practices: Insurers want to know if the facility has any specific employment policies including criminal background checks. Some companies will not offer any change to include sexual molestation coverage if the facility does not have adequate proof to exclude from hiring people with conviction of sex crimes.

Getting day care insurance can be a simple task if you have all the appropriate information. However, presenting not enough or false information to your insurance consultant can produce painful results later.

Insurance

Cholamandalam Travel Insurance Plans

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Indians are travelling like never before. Be it for leisure, business, further education or more, there is an estimated increase of 20% traffic travelling overseas every year. And a study shows that 80% of the travelers like to buy travel insurance policies online to ensure they are leaving their baggage of worries at home while they travel overseas.

There are many insurance companies offering travel insurance plans. Cholamandalam is one of the reliable travel insurance among these. Although most of the benefits arising out of Chola Travel Insurance are the same as others viz Medical Treatment, Repatriation of Remains, Dental Treatment, Checked Baggage Loss, Checked Baggage Delay, Passport Loss, Personal Liability, Hijack Relief Benefit, Hospital Daily Cash, Financial Emergency, Trip Cancellation, Trip Curtailment, Trip Delay, International Driving License Loss, Home Burglary, etc. However what sets Chola apart from others is:
Door-to-door Cover which means that your travel insurance starts the moment you leave your home for airport and ends when you return home from airport. Also it covers Personal Accident both overseas and domestic during your travel insurance validity.
Extensive network of hospitals and service providers all over the world.
Age Limit of family members starts from 3 months upto 80 years. No medical checkups are required for family members upto 65 years of age.
Pre-existing conditions are covered under life-saving unforeseen emergencies. Cholamandalam provides cover for any eventuality arising from a pre-existing condition.
Tie-up with I-SOS (the world-renowned International SOS) for Claims Processing and Assistance Services.

Besides the above listed benefits you get Toll-free phone numbers to contact the service provider from most frequently visited countries. The claims are settled fairly in a quick fashion. You just need to keep a copy of all the bills so that you can substantiate your claims and get timely reimbursement.

Cholamandalam insurance can be bought online at EIndiaInsurance. You can compare the insurance plan with other brands and can get a quote immediately. You can also speak to insurance agents on the phone to get complete information on the plan that you are interested in. Whenever buying an overseas travel insurance always remember to see what all is excluded and get complete clarity so that you know what you are paying for, what all it covers, what are its benefits and be sure if its worth your hard earned money or not. Last but not the least, do not just buy any travel insurance which is cheap coz you might have to shell money out of your pocket in the event of any unforeseen emergency which might not be covered under the cheap travel insurance plan. A few rupees more might just give you a complete peace of mind while you explore the other world. So travel, but with a good travel insurance plan in your backpack!

Insurance

High-risk drivers in Texas

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Over the last forty or fifty years, the US has been changing – some of the time, for the better. Even some of the things we take as constants have changed, the best example being the dollar. Looking back to the 1960’s, the buying power of the greenback was quite surprisingly high. But thanks to inflation, the buying power has steadily ebbed away. In 1960, the dollar was worth $7.35 in modern values. So, even to keep pace with inflation, all our paychecks have had to rise. Yet, curiously, some values have not changed. Look around the states in the union. All but three have mandatory liability insurance, most with values set forty or fifty years ago. This produces an unusual result. When almost everything else connected to insurance from the cost of spare parts to the sums payable for medical treatment have been rising faster than inflation, the mandatory requirement has stayed the same. The gap between the coverage and the liability has been steadily widening. Many states have been ignoring the problem, leaving it to victims and their attorneys to decide whether it’s economic to sue drivers to recover the additional amount lost. But a few responsible states have been discussing the possibility of increasing the basic requirements.

So welcome to Texas, a state notorious for having one of the highest rates of vehicle theft in the US. In 2007, the lawmakers decided they must do something about the minimums which, at that time, stood at 20/40/25, i.e. $20,000 to cover physical injuries, a maximum of $40,000 payable in each accident, and up to $25,000 for damage to property. The state government decided on staggered increases so, in 2008, they rose to 25/50/25 and, on January 1st, 2011, they will rise to 30/60/25. This gentle uplift has passed almost unnoticed with insurance companies barely changing the premium rates above that needed to match inflation. Whereas other states like Wisconsin have seen quite large premium increases, it’s not expected there will be a major premium increase in 2011.

Even better is the news for high-risk drivers. Texas runs a pool for drivers whose records are so bad, they cannot easily find insurance with any of the usual carriers. The Texas state regulator has just announced the premium rates payable through the Automobile Insurance Plan Association will fall by 7.6% in 2011. This offers responsible high-risk drivers the chance to increase their coverage without any net increase in the premium payable. So if you are a Texas resident and cannot find any cheap car insurance because of your record, now is the chance to save some money through the state pool. Sadly, the coverage is still expensive when compared to the rates payable by the drivers with a safer record but, with rates falling for the mandatory minimum, it’s at least more affordable than now. For other drivers, using this site gives you the chance to find cheap car insurance. The general expectation is that premium rates will stay roughly the same as this year with inflation low and the economy slow.

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