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Monthly Archives: June 2017

Yacht Insurance

A yacht is nothing short of a house on water. With all the comforts of home and then some, it is a marvel of engineering and expense to boot. Affordability is not really an issue when it comes to yacht ownership, but protecting one’s investment is. When you have spent more on a boat than other people spend on a home and car combined, then you have every right to make sure that the money you spent will not be in vain. Insurance is the only option in this case and you should choose the policy wisely when dealing with large sums of money like the cost of a yacht.

First off you will need to determine the coverage for the entire yacht. This amount will represent the amount that you would need to get back should the vessel become a total loss. There are several ways in which any type of boat can be lost, the least of which being theft and the worst being explosion. An explosion is a more real threat then you realize when you consider the amount of fuel being carried below decks of a large yacht. A misplaced collision with another boat can cause an explosion that will most likely destroy the entire craft. This type of coverage is the normal amount required by a financial agency that has fronted the money for the yacht. This is to protect them from loss.

Next you should figure the equipment on board the boat that should be covered. This can consist of the motors, navigational equipment, riggings, anchors, and radios. These items are essential to the yacht’s operation and should be protected against loss or damage. This type of coverage can also include any personal items on board that need to be protected. This is similar to homeowners insurance in that respect as those policies generally cover household contents to a certain degree.

If the boat is stored in a region that is prone to violent weather conditions like hurricanes, then a provision in an insurance policy for this type of loss should also be considered. The loss from weather related occurrences is tremendous and most standard insurance policies do not offer coverage in this area. It may cost a considerable amount more to be covered against weather related damage but it will be worth it should the need arise.

Information of Internet Insurance Leads

There is no doubt about it: if you want to reach the largest amount of people possible across the nation, then you should start getting internet leads. It is the most cost-effective way to achieve an astonishing number of sales. And, of course, this huge number of potential customers is a great chance of getting plenty of referrals. Everyone knows someone that needs a policy. It’s the good old basic equation: More customers = more referrals.

Be sure to choose a lead service that fulfills your needs, have them pre-eliminate those dead-end quote requests, and the rest is doing what you are good for, that means, selling insurance policies.

If you need healing, you pay a visit to a physician. If you want to get yourself a new car, you don’t enter a pharmacy to buy it. It’s that simple: if you really want to increase the amount of your customers, then you need to get in touch with a quality internet insurance leads service provider. That is what makes the difference in the insurance world nowadays.

About Critical Illness Insurance

If you decide you want to pay for hospital fees yourself, you can use your insurance money to avoid drawing money out of personal savings, help to pay off debt, allows your partner to take time off work to look after you or any other way you choose. There are different levels of critical illness insurance, and the one you decide on depends on how much you can afford. Having basic coverage will usually cover five or six conditions, while comprehensive coverage will cover all of the illnesses the insurance company has to offer. Comprehensive coverage will cost more, but a good company should provide about 80% coverage, even for basic insurance.

Costs of insurance will also depend on your age, health and other lifestyle factors. The necessity of having critical illness insurance is often higher than people might think. Statistics show that a person is more likely to contract a critical illness than they are to die before the age of 75. A critical illness can drastically change your lifestyle because you may not be in a condition to work as you had before experiencing the illness. Insurance can help you financially during treatment as well as after recovery to help you maintain a good quality of life. Many companies will also financially help out your family in case of your own death.

Lawn Care Business

Cost depends on:

* Type

* Size

* Number of vehicles

* How far it’s driven everyday

* What it’s hauling

Business Owners Policy(BOP)- Package insurance which includes:

* General Liability

* Business Interruption Insurance- replaces business income andpays expenses such as equipment, office rent, fire, theft, or other loses. Cost $300- $400 a year.

Surety Bond -Covers the hiring contractors should you default on the job. Occasionally, this may be required for commercial jobs. Once you become established they may waive the bond.

Surety bonds are generally not needed for residential accounts, unless you are applying pesticides or herbicides. Ask your insurance agent.

Unless you have expensive equipment, I would think about not insuring the equipment, but to not insure you must always lock equipment with locks that are fast to open and close. I use the locks with the 3 numbers(Masterlock) or key locks, never do combination. Takes too long to open.

Before I started locking my equipment down, I had equipment stolen from my trailer. Later on, my trailer was stolen even being locked. Lawn equipment is stolen a lot. More than you probably think. How long do you think it takes to drive past a truck and steal a $500 blower? About 5 seconds. Thats a $100 a second.

When looking for insurance there are 2 classifications.

* Insurance agents- Usually represent 1 company

* Insurance brokers- Represent many different companies.

I like working with brokers since they are on your side and shop
several companies for quality and price. Always get 4 or 5 quotes
because prices can vary greatly.