A private limited company advantages include:

1. Limitation of Liability

There is no distinction between business money and personal money for anyone self employed as all business debts are the personal responsibility of the sole trader. The private limited company advantages are that the company is a separate corporate body and liability for payment of debts stops with the pvt ltd company, the owners, shareholders are not personally liable. The directors are only liable if they continue to trade and incur liabilities after it becomes apparent the ltd company is insolvent.

2. Lower Taxes

Lower corporation tax offered a private limited company advantages over self employment in recent years. The £10,000 tax free limit was cancelled several years ago. Corporation tax rates have increased from 20 per cent to 22 per cent in recent years compared with the sole trader basic rate tax which was reduced from 22 per cent to 20 per cent in 2008. Incorporation still has tax saving advantages dependent upon the net taxable profit.

The private limited company advantages come from the flexibility of being able to determine the proportions of salary and dividends taken compared with a sole trader whose basic accounts are subject to tax at fixed tax rates and thresholds.

A sole trader receives a £6,035 personal allowance and pays basic rate tax of 20 per cent on the next £34,800 of earnings up to the higher threshold limit and 40 per cent tax thereafter. Class 4 national insurance is 8 per cent of earnings up to the upper primary threshold and 1 per cent thereafter.

Dividends are taxed at 10 per cent on total income up to the higher threshold and 32.5 per cent above. The dividend is a distribution of company profit after corporation tax has been deducted and so the shareholder also receives a dividend tax credit from the pvt ltd company of 10 per cent.

There are significant private limited company advantages regarding tax liability compared to a sole trader where net income is below the upper earnings threshold.

For example assuming the limited company net profit before salary is £35,000. A sole trader would pay income tax of £5,793 plus national insurance of £2,317.20, a total of £8,107.20. If a salary of £6.035 is taken and the rest is taken in dividends a private limited company would pay £6,372.30 corporation tax, after deducting the salary from net taxable profit and the sole trader now the shareholder would pay no income tax.

The advantages increase where net taxable profit is above the self employment upper earnings limit as money can be left in the business and therefore only subject to the 22 per cent corporation tax rate thereby avoiding the sole trader 40 per cent tax rate. Another possibility is to distribute the shares among family members to reduce the risk of 40 per cent tax.

3. Limited Company accounts and Sole Trader basic accounts

Sole trader basic accounts can be quite simple as a formal accounting system is not required and can be reduced to simple lists of income and expenditure supported by documentary evidence of sales and purchase invoices, effectively single entry bookkeeping. Producing a balance sheet is optional. Due to the simplicity then an accountant may not be required saving a significant cost.

Ltd company accounts have to use double entry bookkeeping to produce the year end accounts including a balance sheet with statutory notes and statements. Unless accounting software is employed to produce the company accounts in this format then accounting knowledge is required and an accountants fee may well be in the region of &pound500 to £1,000. An accountant is not essential for a small pvt ltd company but is the normal approach and offsets some of the tax advantages.

4. Additional financial considerations

Because a director is also officially an employee of the pvt ltd company this gives rise to a number of considerations in determining the extent of a private limited company advantages.

Pension contributions of a sole trader are personal and while may be deducted from the personal income liability do not form part of the basic accounts. The cost of a pension scheme including the company contribution is a deductible business expense as an employee cost.

Using a car for business purposes may have an impact. The sole trader basic accounts would include the business proportion of the vehicle running costs or the mileage allowance. If that vehicle is used by a director then that director is receiving a taxable benefit potentially resulting in a higher tax burden depending upon the type of vehicle as taxable benefits vary. An alternative may be to leave the company vehicle privately owned and the director claim mileage allowances rather than vehicle running costs.

Potentially small issues but there differences in the accounting treatment of deductible expenses such as charitable donations, entertaining expenses and use of home as office. A private limited company advantages consist of being able to claim such expenses as valid business expenses which would not be claimable in the sole trader basic accounts as treated as personal not business.

If the director and main shareholder have other associated companies then the corporation basic tax rate could be affected.

5. Administration, management and business standing

A sole trader basically pleases themselves with regard to the administration and management of the business. A company director is responsible for adhering to company administration according to statutory regulations in regard to both the limited company accounts, statutory books and management as stated in the articles of association. The duties of a director are more formal than a sole trader.

Forming a private limited company is an indication that a business is both serious, has a long term objective and is correctly managed. This psychological perception can increase the business standing of a business. Funding requirements are more likely to be met as the lender to a sole trader has to consider the absence of a balance sheet statement in the basic accounts and the financial influences personally affecting the sole trader. A private limited company advantages concern the published financial statements, protection of the financial position from personal influences and the option of increasing security by virtue of asking directors to provide additional personal guarantees.

A private limited company advantages over self employment also extends to long term finance. Companies retain more funds within the business to meet future financial commitments which promote business growth, a more sustainable business and medium term profits growth over a sole trader.

Source by DIY Accounting

Insuring a semi-truck is a decision that can pay you for years to come. An accident to your semi-truck can leave a major hole to the financial condition of your company. Even though a semi-truck insurance is a major investment, a wrong selection must be avoided at all costs to prevent the impact it will have in the event of an accident.

You can also make a lot of money by driving vehicles by means of your country. So as so that you can start driving some stunning trucks, there’s something very important you need to care for first and that is insurance. Semi truck insurance coverage is the one thing you simply can not drive with out, as the chances of assembly up with dangerous conditions on the long street is good. If one thing does occur to your truck, you no less than have the insurance coverage to fall back on.

This is one thing it is best to think about the subsequent time you try to drive one among these smaller vehicles off the highway to cross them and visa versa. The type of insurance coverage they have out there for vehicles and trucks are totally different, as a result of with a automotive you only need to insure the accident and attainable injuries. With a truck, you need to cowl the accident, the injuries as well as the load of cargo you’re carrying with you.

Imagine the kind of risks you will have whenever you carry hazardous materials with you, and you end up in an accident. This can hurt you and the individuals around you terribly or it might trigger your loss of life if it happens to explode. Insurance may sound like a straightforward factor it’s important to get, however it is in truth sophisticated, particularly in terms of the semi truck insurance. It’s worthwhile to consider all the possibilities when requesting insurance. Find more other useful info about short term auto insurance, auto insurance quotation and commercial auto insurance quotes.

Getting multiple quotes from the various insurance companies can help to throw light on the best coverage for a decent price. The insurance amount requirement for the semi-trucks varies with the state. While most freight owners go for a $100,000 insurance coverage, the federal laws have stated the limit as $1 million for the commercial auto liability insurance policy if the rig is to be on the move.

Like other auto insurances, the semi-truck insurance drivers can avail a discount on the completion of the value-driven driving course that teaches them to avoid three major truck accidents, namely, the rear-end collisions, roll-under accidents and the lane-change accidents. This training reduces the chances for accidents, enhancing the safety to the driver, truck, and other people and property on the road.

With the rising cost of commercial insurance continuing to spiral out of control, it’s more important than ever to find the best ways to lowering your premiums. Find the latest cost saving news, tips and articles on Semi Truck Insurance and start saving today.

Source by John rightstopins

As the policyholder, you have a right to know about the insurance company’s best-kept secret . . . Public Insurance Adjusters. We are the experts who represent you exclusively when a loss occurs to your business, commercial or residential property. The insurance companies have their representatives; you need someone whose loyalty is entirely to you.
At United States Adjusters our public adjusters work for you! Not the insurance company.
PLEASE READ CAREFULLY
Why Let the Wolf Stand Guard Over the Chicken Coup? The insurance company adjuster is a PAID EMPLOYEE and is trained by the insurance company. This could very well be the last person in the world you want controlling YOUR CLAIM. Quite simply put, his first duty and responsibility is to his employer — the insurance company he represents.
60 Minutes Television Interview
Many insurance companies train their adjusters in methods and policies that keep the insurance company’s own interests in the foreground. In a recent interview, Ina Delong, a former insurance company adjuster, now turned consumer advocate, told the 60 Minute TV News Program: “The Insurance companies don’t want adjusters that are trained because if they really knew what they were doing, the insurance claim (your settlement) would be higher.” In 1991, John Garamendi, the then insurance commissioner of California, characterized the insurance industry as stuck in the old days of paying out as little as possible.
“For the most part, people like using a public adjuster because they like the idea that someone is working on their behalf vs. someone working on behalf of the company,” says P.J. Crowley, vice president of the Insurance Information Institute.

Several reasons why you need to contact United States Adjusters:
• Our Public Adjusters collect only if you collect and there are no out of pocket expenses or fees.
• Our Public Adjusters receive on average 300 to 400+% larger settlements then the insurance company initially offered. examples of settlements on the about us page
• Free loss consultation 24 hours a day
• Our Public Adjusters handle all aspects of your claim.
• Prompt personalized attention no matter how small or large the claims are.
• Our Public Adjusters keep in contact with your insurance company and forwards all information to you as your claim progresses.
• Settling Insurance claims is often very stressful and time consuming; let US Adjusters help you get on with your life
• Our Public Adjusters integrity and professionalism is second to none
10 REASONS TO CALL USA

1. All of our public adjusters are experienced, full-time professionals. We take great pride in maximizing settlements, and we try to never leave a stone unturned. We truly feel that it is an honor to be entrusted to represent our clients.

2. We have a remarkable history of obtaining top settlements for our clients. Almost without exception, we will obtain significantly more money than the insurance company’s offer. Numerous cases have resulted in increases of over 500%, and often greater than what the insurance company offered. We have even exceeded a ten-fold increase on more than a few occasions. We know how to recognize the flaws and how to document your claim for maximum recovery. Read what some of our clients have said. (OUR CLIENTS)

3. We keep our clients fully informed and provide them with copies of all correspondence. We give regular updates and always return our telephone calls promptly. We truly believe in outstanding customer service. Our clients have the final say in whether or not to accept our reject an insurance company’s offer. Yes, we give our opinions, but you have the final word.

4. We have a 99% client satisfaction rate. We have never been sued, nor have we ever had a complaint filed against us.

5. We are active members of the Mid Atlantic Association of Public Insurance Adjusters, the Association of Property and Casualty Claims Professionals, the American Association of Public Insurance Adjusters, and the Windstorm Conference. We spend significant time and money to keep abreast of all industry changes, including legal and statutory. Public Adjusting is our profession. It is not a part time hobby.

6. We have established ongoing and solid relationships with engineers, architects, accountants, attorneys, contractors, geologists, and a host of other support personnel, such as appraisers and inventory specialists. We know how best to document your claim.

7. You never owe us anything until money is actually received from the insurance company. We offer various ranges of services to best fit the unique needs and desires of our clients.

8. We truly make the odds even. We understand the ins and outs of the insurance industry. The insurance company will have an adjuster who works for them; shouldn’t you have one who works for you?

9. We pride ourselves on professionalism and ethics and provide the highest level of integrity that can be offered.

10. We will fight to get you the settlement you deserve and go the distance to do so.
Contact United States Adjusters Inc. Today for any questions you may have regarding the above info.

Http://www.unitedstatesadjusters.com

Source by United States Adjusters, Inc

Health insurance costs are on the rise, but you can still get affordable health insurance in Philadelphia if you know where to look. Here’s how …

What types of health insurance are available?

There are two types of health insurance available in Philadelphia:

1. Government Health Insurance Programs

Medical Assistance (Medicaid) – This is a federal health insurance program administered by the state that provides medical care for low-income Philadelphians, pregnant women, children, elderly adults, disabled adults, and people caring for a disabled family member.

adultBasic – This is a state health insurance program for low-income adults who cannot afford private health insurance. This program provides preventive care, doctors services, and hospital coverage.

Chip (Children’s Health Insurance Program) – This is a state health insurance program that provides medical care for uninsured children and teenagers who are not eligible for Medicaid.

For more information on these federal and state programs, visit Pennsylvania’s Department of Public Welfare website at: dpw.state.pa.us

2. Private Health Insurance Plans

Private health insurance plans include:

* Fee-For-Service (FFS) plan – This is a health insurance plan that pays for doctor services, hospital fees, and prescription drugs. With this plan you may choose your doctor and hospital. You are reimbursed for a percentage of your medical expenses (usually 80%) after you pay a deductible ($500 to $2,000). FFS plans are the most expensive health insurance plans.

*Managed Health Care Plans (HMOs, PPOs, POSs) – These plans pay for doctor services, hospital fees, and prescription drugs, but may also pay for preventive care such as health care clinics and fitness center discounts. With these plans you are assigned to a health care network of doctors and hospitals. You pay a co-payment (usually $5 to $10) for each doctor visit. HMOs are the cheapest health insurance plans, followed by PPOs then POSs.

Where can I get affordable health insurance in Philadelphia?

You can get affordable health insurance by going to an online insurance comparison website. There you’ll receive health insurance quotes from a number of companies and can choose the cheapest one.

Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get affordable Pennsylvania health insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

Source by ryan@thesatellitetvguide.com

We’re into murky waters with questions about losing or switching employment. No-one wants to think about times of uncertainty, but if the economy continues its current problems, you have to plan round the jobs you have and can get. The Health Insurance Portability and Accountability Act of 1996 (HIPAA), which took effect in April, 2003, was designed to give you some protection for health insurance coverage when you are switching between jobs.

To get HIPAA coverage, your most recent cover must have been through a health plan. In total, you must have had at least eighteen months of continuous coverage. There must be no entitlement under Medicaid or Medicare and you must have used up all your entitlement under COBRA. If you give notice under HIPAA within 63 days of losing your health plan coverage, you have the right to buy cover. The health insurers cannot refuse you a health policy based on your medical history or pre-existing condition, nor can they change you a higher premium to deter you. In fact, many states have laws to limit what health insurers can charge in this situation. Thus, you have a right to get health insurance for you and your family and the premiums may be controlled. This is something you should investigate. Here health insurance online quotes may be of great use for you.

There are also privacy provisions to help keep your personal medical history confidential while making it available to the “right” people to give you health insurance and handle claims for treatment. HIPAA sets out national standards for handling health data to reduce the risks that your data is lost or stolen. There are also penalties if your data is sent to an unauthorized person. In theory, this is supposed to make doctors, healthcare providers and hospitals more accountable if something goes wrong. As a first step, you have the right to a copy of your health records. Most data processors make a handling charge for preparing the copy, but it is usually small. You also have the right to know who has seen your data and you can lay down limits on access. It’s in your interests to take an active interest. You should maintain the accuracy of your records and ensure that only authorized individuals are allowed to access it in appropriate circumstances.

Source by David Mayer

With the new Obama’s health insurance plan is important that you find an affordable health insurance plan for you and your family. This is because now you are obliged by the law to get a health coverage while previously was not mandatory. Otherwise,you will risk getting fined.

Get Your Health Insurance Quotes Here!

If you are not the lucky person to be insured by your company, and many people are in US, than you need to find away to pay cheaper premiums for your health insurance. If you have low income you may qualify for Medicaid. However, even if some people are deemed to be high earners, they simply cannot afford to pay the premiums for health coverage.

Finding a low-cost health care plan can be a daunting task to do. Mainly because there are lots of insurance providers with lots of varied deductibles. So, a good thing to do, it is to compare their quotes online. The same you pay for it if you get them online as well as in person or by phone. Based on what you are looking for, you can find out a more affordable health cover for yourself.

Most of the people in good health opt for more deductibles and co-pays to lower their monthly premiums. They believe they need a health cover just for annually check-up or some unpredicted injuries in the future. The people with chronic illnesses and disabilities are finding the most difficult to get a cheaper health care plan for their needs. However, with the new health care reform the insurer providers are not allowed to increase your premiums due to illnesses or to cap up your cover. This is a good thing after all and you can change now your insurance provider without being worry that it will be difficult to find the same premiums again.

Source by R Kusuma

Given that in all too many auto accident cases the seriously injured find that the negligent driver was uninsured or underinsured, many drivers are purchasing “uninsured motorist coverage.” While the numbers of uninsured drivers has gone down as the result of requirements that drivers present their insurance information along with their drivers licenses when stopped for traffic violations, more and more carry only the “statutory minimum” $15/30,000 auto liability policies. If the client has been seriously injured, the negligent driver’s $15,000 policy limit per person will be woefully inadequate, even to pay a fraction of the medical bills, let alone the client’s general damages and past and future earnings losses. In addition to provide coverage where the other party is uninsured, Uninsured Motorist, UM coverage also covers the difference between the amount of the negligent driver’s policy and the policy limits of the UM coverage.

The insurance companies providing UM coverage will sometimes pay the full amount of the claim up to the limits of their policy; however, in many cases they will employ the tactics that those in auto accidents are too familiar, making unjustified offers to settle the claim for but a fraction of the amount due, telling their policy holders that its the last offer they will make, and then refraining from calling them back for months at a time. The insurance bad faith lawyer has a number of legal mechanisms to obtain the full policy limits, and obtain payment quickly. In California, one tool includes making at “Section 998” statutory demand for the policy limits giving the insurance company 30 days to decide whether to pay. The client wins, one way or the other. If the insurance company pays the policy limits, then the client has obtained the full benefit of his coverage and quick payment. If the insurance company fails to pay within the 30 day time period, then it has “opened up its policy.” What that means is that if the uninsured motorist policy has a $250,000 limit, after the insurance company rejects the statutory demand for its policy, now the rights of the claimant against the insurance company are not limited to $250,000. If the seriously injured clients damages, including his general damages, pain and suffering and loss of enjoyment of life damages, his past and future medical expenses and past and future earnings losses are proven up in the millions of dollars, the insurance company will be liable to pay the full measure of damages.

Furthermore, where it can be demonstrated that the insurance company engaged in malice, oppression or fraud in its dealings with the insured, the insured may file a claim for punitive damages, meaning damages above compensatory damages, damages to punish or set an example of the defendant insurer. And often times the punitive damages awarded  by the jury will be a multiple of times greater than the award of compensatory damages.

Source by News Articles Blog

Low income health insurance is one of the top priorities for health insurance reforms extending it to maximum numbers of uninsured individuals and families. However, till the health reforms become effective, there is always a concern for individuals and families to find low income health insurance plans in Florida.

A lot of states in the US offer state-run programs to help low income families and some private players have also started offering basic health insurance plans for the indigent. The main option is to get health cover for basic level avoiding regular check-ups and doctor visits.

Among all the states of the US, Florida enjoys one of the largest, fastest-growing, and most diverse populations. If we go by statistics, during 1990-95, the population of Florida increased by 9.5%. It is noticeable here that the elderly population of the state is one of the largest in the country. The varied demography of population of Florida demands a thorough and comprehensive healthcare system that can be extended to low income families who are not able to afford group health insurance or buy health insurance privately.

During the mid-1990s, Florida attempted to significantly reform its health care system. Some focussed items were: mandatory enrolment in managed care for Medicaid beneficiaries; health insurance purchasing cooperatives to increase insurance affordability in the small-group market; and the Healthy Kids Program—a school-based program of subsidized insurance for low-income children. With the help of built-in limits on tax revenues and a fiscally conservative legislature, all of Florida’s counties are able to be a significant source of support for the indigent.

Statistics show that the state has one of the highest uninsured rates in the country. This high rate may be attributable to the state’s high poverty rate, and there is surely a great need of low income health plan options for residents of Florida. The proposed health reforms would be able to deliver the effective measures to curtail this size of uninsured families through low income health insurance plans.

Apart from regular Medicaid program, the Healthy Kids Program is a good option for low income health insurance plans. It is a school-enrolment-based program that provides comprehensive health insurance to school-aged children and their younger siblings.

When looking for low income health insurance, it is important to mark out the budget that any consumer would be able to spare. A lot of private companies in Florida are also offering cheap health insurance plans geared toward such individual and families. In fact, some online health insurance portals enlist some companies specially offering these types of plans.

While the medical plans are offered, a lot of insurance companies offer a “modular” point in which they provide a basic level of coverage. After that there could be different levels of insurance coverage. While looking for low income health insurance, this basic coverage could be a good option for residents of Florida. Later on, the low income health insurance policies can be personalized to a point suitable for your personal needs.

Source by Shaun Mike

This may be a good time to rethink the types of life insurance policies you should buy. Until the market settles down many people don’t want to be spending a lot of money. Everyone is looking for a safe place to put their money. We see some stocks, like Wachovia, slide then rise again. Others may take a longer time before they are again viable.

What of life insurance though? Which types of life insurance policies should we buy?

Term life insurance requires very little premium outlay and, for some, may be a good idea. Why would one want to put out money for the higher premium permanent policies at this time. You get the same death benefit with term insurance as as you would with the more costly universal life, variable universal life and whole life policies. You have a variety of term policies to choose from.

Yearly Renewable Term

This policy has a premium that increases every year so you would likely want to keep it for a very short period of time. The premium is very low, initially. The death benefit is level throughout.

Decreasing Term

This is a policy that is more often than not used to pay off a mortgage balance upon the death of the insured. The death benefit decreases with the mortgage balance and the premium is level throughout.

5 Year Term

If you are uncertain what type of life insurance policy you should buy you probably should take out a 5 year term policy now and convert to a permanent policy later on.

Other Level Term Policies

The 10 year term, 15 year term, 20 year term, 25 year term or 30 year term may be best for you now. You will have quite a while to think where you go from here. Your family, or business, will be protected meanwhile.

Permanent Policies

During a past recession I saw something I considered quite strange at the time. People were putting large sums of money in annuities but they also put considerable sums in single premium, limited payment and regular whole life policies. At that time I was with the Northwestern Mutual Life Insurance Company, Now Northwestern Mutual Financial Network. When I asked why they said that they were not looking to make any big profit. They wanted safety and they knew the reputation of that company. They felt they would not loose their money. They were right.

There are other companies that you can feel safe with. Check out their performance with the A. M. Best company. There are also what may be arguably better types of life insurance policies to safely put your money in. I refer to the universal and the variable universal life policies. If you choose to do this, however, you should make it your responsibility to check out the performance history of the company and how well they do with these policies.

When everything settles down again some people will choose to switch to a term policy and invest your money in mutual funds or probably a money market plan.

Source by Donald Lusan

Copyright (c) 2010 Todd Clay

If you have an accident, how much will your insurance premiums be? Well, it all depends on the nature of accident and how your insurance company sees it. Sometimes the rates don’t change. In other situations, the policy is cancelled. Before you answer one of the questions, we must first know how auto insurance works.

How Car Insurance Normally Works

How does insurance work? Drivers who have tickets pay more than people who don’t have tickets. Additionally, people who get claims pay more too. However, safe drivers without tickets pay minimum premiums.

Therefore if you have an at-fault accident and it’s a big claim, the rule is you likely pay more insurance premium. Your policy might be cancelled if you are involved with gross negligence.

When Insurance Rates Don’t Increase After an Accident

However there are exceptions to the rules, a lot of companies forgive minor accidents. Rates do not change if one company pays a minimum claim – say less than $500. It’s also possible to incur a bad accident and your insurance rate will not go up – especially if you’re not at fault.

For example, if you have an accident but are not guilty and don’t make a collision claim, the probability is your insurance company will not know itwhat happened. Then, your rates will not be changed

When Car Insurance Rates Increase

At-fault car accidents normally result in an increase of your insurance premiums. There are higher premiumsbecause the accident will be rated against your coverage. There are many types of insurance coverage that contains collision, personal injury protection, and medical coverage. If you are found ‘at fault’ for the accident, coverage like personal liability and collision will cost you, your vehicle, and personal injury to the other driver. Frequently, if you have only one accident, you will see a raise in your insurance quote.

Let’s say, your insurance are not cancelled after an at-fault accident.. Surcharges are usually 10% on top of normal premiums. You will also get more than one surcharge if you are liable with more than one accident. Surcharges often last 3 years and they are stackable.

It is significant to remember that there are some factors which take into consideration after an accident like your age, gender, and driving record. These factors will have an effect on how high the percentage increase will be.

If you just like to increased premiums after an accident happened, you might be trying to hide the incident. It’s very difficult to hide the accident most especially if you want to shop for a new policy. For purposes of underwriting, a lot of insurance companies ignore the accident if it occurs more than five years ago. No matter how serious it is. A lot of insurance companies fail to notice the three year mark.

When Insurance Companies Don’t Change Rates

An insurance company has no authority to amend your rates mid-term. Rate increase must happen after you renew your contract. If several months pass between the accident and the corresponding rate will increase, you will have more time to find a cheaper insurance company. The only disadvantage is when the new company doesn’t discover your accident. They can even amend your rate later if you hide your accident. The rule is, be honest with your new company if you are shopping because of your pending cancellation.

Source by Todd Clay

As you know, today, there are many insurance companies out there that are covering you…or are they? One thing to ask your car insurance company is what type of coverage they provide for you to make sure you have the right coverage. This will help you with what coverage you want with your car insurance. There are many people out there today that have been surprised because their car insurance doesn’t cover the cost of water damage restoration. You should know this isn’t a surprise for some people, when they have there car under flood damages and their car insurance tells them they are not covered. This means you have to pay all the cost of the water damage restoration that are done to your car and that is very expensive depending on the water damages.

The car insurances out there today can be tricky if you don’t know how to deal with them, meaning if you don’t ask what coverage they can provide for you that you need. There are more people out there that have water damages from the recent hurricanes that have brought many flood damages to cars today. The point is this came to be a major problem since many hurricanes before left many cars under water, which leaving them ruined by floods and making the cars destroyed with water damages. The car insurance companies can provide you the coverage from floods that can leave water damages. This means you will be covered for water damage restoration that’s has to be done to your car.

If you look for car insurances you will find many places that have companies that help you on getting a car insurance quick and they help you with what coverage the car insurance company they are trying to get you to have. The point is there are a lot of the companies that provide people to certain insurance companies making them have coverage, but when you don’t tell them the type of coverage you want then they pick the cheapest one with the lower price. This is something that you need to ask so you do not have to pay for water damage restoration to your car or even fire damages that can leave your car totaled.

Car insurances can be a pain to find the best one that’s out there today; this is why you look on the Internet to find the best ones out there today. There can be some many companies out there today that can provide you with the best coverage you need with water damage coverage. Water damage restoration isn’t cheap when it comes to having to pay for them to have your car restored. The processes can be very hard making labor cost a lot making things more expensive. This means they have to put new parts in the car in order to get it running again or even the interior. This is all based on if the water damages that you have in your car leaves it ruined. As you know that water damage restoration is something that can takes time and sometimes that isn’t a good thing if that’s the only transportation you have that gets you to work.

If you have major damages with water damages to your car then more then likely the insurance will total the car and give you the blue book price. There are many companies out there that can provide the best services of the water damage restoration out there today. As you know insurances companies can cover you for water damages if you have the insurance coverage.

Source by Evie Parrish

It is widely observed that the tendency of selling and purchasing existing insurance policy is rapidly growing among policyholders and investors. In fact, this transaction is beneficial for both the parties, as it gives them an excellent opportunity to settle their existing policy in a prolific manner. This new concept of selling and purchasing existing policy is new to the financial market but it is getting great heed by people, who are familiar with the benefits of investment and insurance. In fact, life settlement procedures are providing people with a new mean to be financially secure. Basically, this kind of financial settlement refers to a transaction regarding life insurance policy which involves entrusting of existing policy to the investor. Usually, this transaction takes place when the policyholder is suffering from any life threatening disease or condition. In such cases the policy is settled and sold to the third party, as it is no more needed by the policyholder. In fact, it is a good way of making reasonable money from an unwanted life insurance policy. Since life insurance companies offer this transaction only for seniors, every policyholder cannot sell his or her unwanted policy through this scheme.

If you are a senior citizen and want to get rid of your expensive life insurance policy, then life settlement can help you out. It can also help you in arranging suitable finance without any trouble. Since life settlement service providers work with a wide network of life insurance companies, brokers, investors and policyholders, they are familiar with every aspect of this transaction. Their solid relationship with various groups of insurance industry can help you in getting reasonable purchase value of your unwanted policy. In fact, for seniors who cannot manage to pay expensive premiums of their life insurance policy, life settlement is an ideal option.

Life settlement provides a senior citizen with reasonably arranged sales value of their policy; for that reason, most of the seniors are moving towards settlement service providers to get the best possible value of their policy. Companies that arrange settlement procedure for policyholders, also negotiates on behalf the policyholder, so that he or she may get a contended deal. If you are a senior citizen and planning to settle your unwanted life insurance policy, then always make sure whether the concerned settlement company is authorized or not. Since life settlement procedures are conducted by government bodies, taking help of an authorized settlement company can secured a policyholder’s financial rights.

Life settlement offers a wide spectrum of financial and personal benefits, as it provides a policyholder with financial as well as personal security. With it the policyholder can get the maximum return on his or her investment of a life insurance policy. Therefore, if you are a senior citizen and are stressed because of your unwanted life insurance policy and its expensive premiums, settling it with the help of an efficient settlement company can give you great relief. In fact, people who invest in such policies also get reasonable financial benefits.

Source by William Regal

There are so many things that can happen in a day, heck in a few hours. Do you have insurance in place that would cover health expenses, car, funeral, and your family? Of course you do. What many people leave out is purchasing wedding insurance because they don’t believe something would happen within a year or two or just don’t want to bother with the extra expense. Only when an incident occurs do they wish they would have purchased wedding insurance. Don’t be one of those brides that did not plan for the what-if. You want to cover all your tracks. Like a said earlier, you would never forget to purchase car or life insurance. We have preconceived notions that car and life insurance are important because we need our car to run from point A to point B and we need life insurance because it will cover our funeral costs and our family will be taken care of. Wedding insurance is just as important especially if you plan on spending 20,398 which average wedding cost for brides in the US.

We all know planning a wedding is no easy task and can get very stressful. There are some brides who do the planning on their own which make it even harder to take In the event that something goes wrong you want to have peace of mind. There are many things that could happen that would cause you to cancel your wedding. Wedding insurance covers trip cancellation, trip interruption, travel delay, baggage delay, and baggage loss, medical or dental expense, travel accident, stolen items, hurricane evacuation, identity theft, missing officiant, missing vendors, damage to wedding location or if venue went out of business. You can also purchase additional insurance to cover gown or tux damage, and military service. Wedding insurance does not cover getting cold feet or being jilted at the altar. You can even purchase wedding cake insurance from some vendors. There have been a number of times a brides cake have fell and she ended up having to purchase another cake at the last minute that did not meet your expectations. A typical Policy costs between $200.00 and $500.00. Wedding safe offers wedding insurance. They can be reached @1877.723.3933 if you want to look around before choosing this company than you can type wedding insurance in Google and many wedding insurance websites will pop up. You can fill out forms and they will send you a quote via email.

Source by Wanda McDowell

Health insurance in Houston is in crisis. With 1.1 million uninsured residents, it has the highest uninsured rate among the United States’ top 10 metropolitan areas. If you’re uninsured here’s how to get inexpensive health insurance in Houston.

Options for Inexpensive Health Insurance

The best way to get inexpensive health insurance is to buy a plan through your employer. Unfortunately, Texas has a large number of small businesses that do not offer health insurance. Consequently, only 48% of Texans are covered by employer insurance policies.

Texas offers state-sponsored health insurance programs for the uninsured. Low-income individuals and families may qualify for Medicaid, although income limits to qualify are among the lowest in the nation. A Children’s Health Insurance Program is available for children whose families don’t qualify for Medicaid but can’t afford private health insurance.

Texas has no sponsored health insurance program for childless adults. However, individuals who cannot find affordable insurance because of preexisting conditions may qualify for the Texas Health Insurance Risk Pool.

To find out if you’re eligible for state-sponsored health insurance, visit the Texas Department of Insurance website (http://www.tdi.state.tx.us/).

Another option is to find out whether any groups or associations you belong to offer group health coverage as a benefit to members. These kinds of group plans are similar to employer-sponsored plans but may offer less coverage and higher deductibles. In addition, you’ll probably have to pay the entire premium yourself, although it should be less expensive than a private health insurance plan.

Finding Inexpensive Private Insurance

If you can’t find any group health programs, your other option is to buy private health insurance. Private health insurance is the most expensive, but you can save costs by …

* Setting a high deductible or co-payments.

* Choosing an HMO or PPO health insurance plan.

* Choosing a policy that offers just the coverages you need rather than comprehensive coverage.

The best way to get inexpensive health insurance is by shopping around and making sure you choose a low-cost policy. Go to an insurance comparison website where you can get quotes from multiple companies. With some of these websites you can talk with insurance professionals online or by phone to get answers to your insurance questions (see link below).

Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get Houston health insurance rate quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

Source by ryan@thesatellitetvguide.com

When it comes to looking for affordable health insurance North Carolina plans, you are going to find that cost is the most widely considered factor. There is good reason for this. It doesn’t matter what kind of health insurance we would like to have or even feel that we need to have. What’s important is the kind of health insurance that we can actually afford while also assuring yourself that it will cover you when you need it most. If you are having trouble getting the health insurance that you need for the care for you need for a preexisting condition, preventative care, or for prescription drugs, then you need to look into some alternative solutions.

When it comes to finding affordable health insurance North Carolina for low income households, one of the most common choices is Medicaid. Medicaid is a federal program that is often times run by the state. In order to get into this program you need to qualify by being from a low income family, for example in NC a family of 3 would have to make less than $544/mo and can’t have more than $3,000 in assets. If this is the case, you should apply immediately. You can get great care this way.

There are other choices for affordable health insurance North Carolina. If you don’t qualify for Medicaid then you may qualify to have your dependent children covered by North Carolina Health Choice for Children. This is a state run program through the NC Department of Health and Human Services. This program will see to it that your child receives all of the care that he or she needs.

If your income doesn’t qualify you for either of these two programs then you may want to consider a High Deductible Health Plan (HDHP). These plans offer low monthly premiums along with a family deductible. Often times preventative care is covered 100% with these plans which helps insure that your family is staying healthy. The single family deductible helps insure that your out of pocket exposure will be limited to a set amount in the event that a major claim hits one or more of your family members.

As you can tell, there are some great options for affordable health insurance. The trick is knowing where to find these options and how to apply. You should remember that an agent is always available to help you get the health care you need, will save you time and aggravation, and will not cost you a thing. When it comes to affordable health insurance North Carolina, you don’t need to feel stress.

Source by Kent Kingsley

To be able to achieve the best California auto insurance rates, there are a few things you should try to maintain.  First, if you are a student, you should try to keep your grades up.  Your parents undoubtedly encourage this, but good grades do more than show off your academic ability—it can also result in qualifying for the good student discount and saving hundreds of dollars every year.  Another way to keep your insurance costs low is to have a safe car.  If you have an alarm system, on-star or other safety features, your insurance will be discounted.

An aspect that you have full control over is your driving habits. Good drivers experience the best priced policies in the state.  Did you know that a flawed driving record can result in premiums that cost 20% more than good driving records?  If you lose your good driver status, there will be fewer chances to find California auto insurance priced right for you.  This means you can appreciate great benefits if you strive to keep your driving record clean.

First, with the passing of Proposition 103 in California, all California auto insurance companies must accept motorists who apply for insurance if they qualify as good drivers.  This means if you are a good driver, you have your choice of just about any company in the state you want to obtain insurance from.

A flawed driving record can come about from a few different things.  General good driver qualifications include no more than a single moving violation or at-fault car accident in the past three years.  If a person has been convicted of driving under the influence of drugs or alcohol within the past ten years, they cannot qualify as a good driver.  The final consideration is that the driver must have been continuously licensed for the past three years.  This means that young drivers cannot qualify for California auto insurance as a good driver because they have not proven themselves yet.

If you qualify for all of the above mentioned qualifications of being a good driver in California, you can relax and know you will be offered the most prime rates of all drivers in the state.  Keep your record clean by obeying the law and maintaining a watchful eye on the road.  The benefits could include significant yearly savings on your California auto insurance policy since you have proven yourself to be a safe driver rather than one who causes accidents that endanger others.

Source by California Auto Insurance

 Insurance answerability change your life.

Life insurance is the best dispensation a person rap give to those whom he cares about the powerfully.Visit at http://easy-health-insurance-quotes.blogspot.com

 Taking any of the idea will aid the person to provide his loved ones with all the financial support when he is no longer there with them.This road we will be producing to care for them even when we can no longer be there to ice the money that we otherwise would provide for our families.As many people feel it is solitude of capital but it is not true to a eminent neb. You can lap up this more clearly with the explanation given below. Investing your hard earned money power buying an insurance policy will help you to face many difficult occasion very easily. For example, life is not forever, every comrade in this creation has to skeleton one day or another. If the main source of income or the head of the family who is the only earning member in the household dies, then whole family comes to a standstill.

No lone entrust be there to look nearest the financial problems also take trial of the loved ones. The best way out is to transact module one among unabridged the different types of insurance policies which are available in the market, which suits your needs and requirements truly obligation be selected. You can find many contrastive types of liveliness insurance policies in the market nowadays. They are describe life insurance, whole vivacity insurance, universal liveliness insurance, further variable animation insurance and Universal Variable Life Insurance policies.Among all these term life and whole life policies is much in demand. Term life insurance policy is one of the simple, bright and least serviceable among unitary the policies available today. This policy is flexible in terms of the nod that is for which period of time you need the aim further when you enthusiasm to bleed the undertaking. If a person wants added coverage then he onus go for permanent scene insurance policy. You will never regret acceptance yourself a whole life insurance policy.

In case of all proposition insurance policy, the family will acquire outright the death benefits guidance rankling of the circumstances whenever the policy holder dies. But this does not transpire in case of term alertness insurance, if the death takes place during the policy period then only the death benefits can be got to the family if not the policy is a wasteland. Leaving this there are other advantages also receptive to this policy due to which irrefutable is much in demand.It’s exceptional if a person stops profession about the money which has to be paid for insurance matchless. The highest aim behind whole enchilada this is that corporeal provides protection to you and your loved ones from financially damaging situations. capital which is paid is much but the advantages which a person has is totally a extras for whole-length of us. When the hard times come around in your life, that insurance tactics can be a friend indeed.Visit at http://easy-health-insurance-quotes.blogspot.com

Source by Pinki Gupta

Laura Stonebreaker claimed her car insurance after being the victim of a crash two years ago. “You know that sick feeling you get in your gut?” Stonebreaker said. “I knew she didn’t see me. I knew she was going to hit me.” Stonebreaker lost her leg in the crash and has endured six operations, months of rehabilitation and nearly $300,000 in medical costs. But what causes her the most pain, she said, is the feeling that she has been forgotten by everyone and left to fend for herself.

Stonebreaker was riding her 2000 Harley-Davidson motorcycle near her home in rural Corunna, traveling south on C.R. 13 on May 22, 2006, when a blue Toyota turned left into a driveway — directly in her path. According to police report, the other driver said she did not see Stonebreaker approaching.

Stonebreaker’s bike slammed into the passenger side of the car, and her right leg was crushed between the two vehicles. Her head slammed into the car’s windshield. Several inches of tissue and muscle were sheared off her leg, leaving the bone exposed. Stonebreaker was thrown 70 feet and landed in a hay field.

“I was wearing a helmet, otherwise I would not be here today,” Stonebreaker said. Lying in the field waiting for the Samaritan helicopter, she was fully conscious,  Stonebreaker said.  “I found out later — from my insurance company — that the other driver had contacted her insurance company to get auto insurance during that time I was waiting for the Samaritan helicopter,” Stonebreaker said. The accident report said the crash occurred at 3:14 p.m. An insurance official told Stonebreaker that at 3:15 p.m., the other driver did not have auto insurance, but by 3:37 p.m. she was covered. Later, when the other driver’s insurance company ruled her policy was null and void, she was cited with failure to show proof of insurance, an infraction.

Stonebreaker, who is employed as a maintenance mechanic at Cooper-Standard Automotive in Auburn, spent two days in an intensive-care unit and nearly four weeks in the hospital. Her leg bones were splinted and the bone was destroyed. Doctors amputated her leg below the knee and then, a few days later, amputated it above the knee. Doctors put a metal bar in Stonebreaker’s femur and repaired her broken hip with plates and screws. She had three broken vertebrae in her back, and her left hand was broken.

She was released from the hospital June 16, 2006, but faced months of grueling rehabilitation. She did not return to work until May 2007. DeKalb County court records show that the other driver was issued two tickets, one for $161.50 on May 22, 2006, for failure to yield and one for $209.50 for failure to provide financial responsibility or insurance on July 22, 2006. The court allows 60 to 90 days for the fines to be paid. Documents show that the driver failed to appear in court or pay the tickets or late fees. The Indiana Bureau of Motor Vehicles was notified Aug. 2, 2006, and her driver’s license was suspended.

And that’s where everything came to a stop, Stonebreaker said. Her insurance covered about 80 percent of her $300,000 in medical costs, but Stonebreaker was left with a large portion to pay out of her own pocket.

Stonebreaker said she filed a lawsuit in February 2007 to garnishee the other driver’s wages for restitution, but the woman filed bankruptcy, and the garnishment was canceled. Stonebreaker wonders why the other driver was not tested for alcohol or drugs at the scene of the crash.  “Anyone involved in a serious accident should be tested,” she said

Source by Sofia Abasolo

In most states finding health and maternity insurance through a private health insurance company while you are already pregnant is difficult or impossible.  Insurance companies will usually consider an existing pregnancy a reason not to offer coverage to a woman.  They will consider the pregnancy to be a pre-existing medical condition.

The suggestions below might not be or might not be appropriate to you.  There are different laws in different states.  The restrictions and limitations you might find on a given policy may mean that a pre-existing health condition you expect to be covered isn’t.

It is important that you know what is and isn’t covered by your medical insurance policy before you purchase it.  

It is also important to keep any current health care insurance policy you might have until you are officially notified that the new one is in place.  Even if your current health insurance policy does not cover maternity expenses, you should think carefully before canceling it.  

There are three main reasons that you should do this.  The first is that you may have an otherwise covered sickness or injury not associated with your pregnancy that triggers a large health care expense.  The second is that you might have or develop a pre-existing medical condition that will keep you from getting coverage in the future.  The third reason is that even though the health care expenses of a normal pregnancy might be excluded from your plan, your contract may include coverage for complications.  Complications of pregnancy are considered a disease.  Pregnancy is not.

In many situations, private medical coverage will not be an option.  Most insurance companies will automatically deny new coverage for pregnant women. However, there are some exceptions.  

Group or employer-sponsored medical insurance may offer an opportunity for you to get coverage.  These types of policies are governed by different regulations.  Medical history is less often a factor in your being eligible for a group health insurance contract.

Group insurance policies will often cover pre-existing disease or conditions.  If, you can get coverage through a group plan before you give birth, you may be able to get the health insurance company to cover most of your medical expenses.

Of course, the group coverage contract in question will need to cover maternity.  Not all will.  Many health insurance policies will specifically exclude maternity related expenses.

In a typical pregnancy most of the health care will be needed just before, during and immediately after the birth of the child.  This means that if you can get coverage before you have your child, you can avoid most of the health expenses.

If your employer offers group health insurance, and they will have an open enrollment period before your due date, you might be able to get insurance to cover your expenses in the maternity ward.  This can help you dramatically reduce your financial exposure.

If your spouse or domestic partner has group medical insurance available at his or her place of employment, you might be able to take advantage of his or her next open enrollment period.  This may also be a viable option for you.

If you are not married now, but get married to someone with group insurance, you might be able to get insured by their policy during a special open enrollment period.  Getting married usually allows a spouse be insured by the other spouse’s insurance plan right away without waiting for the next open enrollment period.

The strategies listed above will not work for every woman.  Employer-sponsored health insurance often provides the best coverage.  However, if you are not able to get coverage that way there may be programs available from your local, state or from the federal government that can help you limit your exposure.  

To For advice about the opportunities accessible to you via other stratagems and through government-based programs, contact the hospital where you plan to give birth.  They may be able to give you the information you need.

Source by Alston Balkcom

Many people wonder if it’s possible for the government to tax life insurance. The basic answer to this is “no”, they cannot tax life insurance (although you can rest assured that the Congress tries to enact legislation that would allow it every year). However, it’s possible that money you get from your life insurance policy could lead into a taxable event.

Typically, if you receive a death benefit payment from a life insurance policy, that money comes to you tax-free. Every cent of it is yours and yours alone. Furthermore, if you have a cash-value-building life insurance policy like a Universal Life or a Whole Life policy, the money that accumulates inside that policy is all tax-sheltered.

However, there are some loopholes in these regulations that allow the government to dip its hand into your pocket when it comes to life insurance.

Cash-building life insurance policies have the possibility of eventually pushing up the ceiling on the death benefit, so that the death benefit when paid out is more than the face amount of the policy. If this happens, then all of the death benefit proceeds that you receive over and above the original face amount is considered taxable income when you receive it and must be reported. So, let’s say that someone had named you the beneficiary on a Variable Universal Life Policy that they took out for a face amount–the original death benefit amount–of $1,000,000. They have the policy for 30 years and they do quite well with the investment side of the policy, so that when they die you are paid $1.4 million. You must report the $400,000 on your income tax, but not the $1 million. The $400,000 is considered a withdrawal from the policy (the ultimate withdrawal!), and it’s possible for policy withdrawals (which of course can also be made by the insured while he’s still alive) to become taxable events. (But see below about how withdrawals are taxable.)

With cash-building life insurance policies, you never have to pay taxes on insurance company dividends given to you, for they are legally considered a return on premiums, and premiums are tax free. However, if you receive interest on your dividends, you do have to report them for tax purposes. If you take a withdrawal from your cash-building life insurance policy, if you exceed the total amount of premiums you have put in to that point, you have a taxable event on the amount you take out that is in excess of premiums. So, if you have paid $5,000 of premiums into a life insurance policy then take out $6,000 when there’s enough cash there for you to do so, you must report $1,000 on your income tax for the year that you took the money out. However, there is a way around this by taking advantage of life insurance companies’ loan-against-policy privileges. You’ll have to pay the money back with a very low interest rate, but this keeps you from being taxed.

With VUL insurance, you have actual investments inside the policy. These accumulate their money tax-sheltered. When money comes out of the policy and it’s not a loan, you have a possible taxable event. But, there’s more good news here: this taxation is done on a FIFO basis (first in, first out), meaning that you are considered to be taking out your input first. Whatever you put into the policy cannot be taxed (usually), only your gains can be. So this minimizes your taxable event. VUL policies are used more and more by financial planners to help their clients accumulate money for retirement while minimizing their taxes by capitalizing on the limited ability of the government to tax life insurance.

Source by Don Lewis