Insuring Your Fish and Chip Shop

During the 1980's, the insurance industry developed packages specifically for fish and chip shop owners. Given that many retailers were interested in purchasing the most dollar-conscious policies, there became known something called the "bundle" policy. This type of insurance policy puts a number of types of coverage together specific to the takeaway fish and chip shop industry.

The product available is far more attractive to the purchaser and sold at a much more competitive rate. Regardless, the most important factor to consider is that given the inherent potential risk to goods and property on the site of a fish and chip shop, some insurers will only offer limited coverage. The following will therefore provide a breakdown of this particular type of insurance and where one may purchase same.

Specific to a policy for a fish and chip shop is coverage for damages to store materials and property. This damage can come in the form of theft, fire, loss or other accidental damage. The most important item to make sure has substantial coverage attached to it is the deep fast frying fish range. Since fires are most common around these ranges, a significant portion of the policy will focus in on the potential risks of this mechanism. And dependent upon the street value of the frying range, the cost of the policy can swing dramatically higher or lower depending.

Further, your Fish and Chip Shop insurance should include the following specifications:

Coverage for all the contents and stock against potential fire, storm and flood damage;

Coverage should the proprietor experience any sort of business interruption, such as would occur following a valid claim against the policy. One would want to be sure business was not interrupted during this period of time;

Coverage towards any records that could conceivably be lost due to any potential fire, flood or other disaster. The policy should adequately cover for money that is owed you. These records clearly could not be accessed because of this damage.

Coverage against profit loss after the potential loss of an alcohol license for uncontrolled reasons.

Coverage for any damage or injury to the public while on the premises.

After all research has been accomplished as to which insurance policy to purchase, the most important factor is to be assured that the type of policy purchased is one specific to the fish and chip retailer. Although this seems to be an obvious point, it bears repeating. Fish and Chip Shop insurance is a specific package. Standard retail business insurance will simply not suffice. Given the built-in risks to customers and employees both, you will need to be sure to protect everyone and everything on the premises. This will aid in fostering a healthy enterprise for many years to come.

How Do You Settle With Rental Car Damages?

Receiving damage to a car that you have rented can be a very stressful experience. Those who do not have the appropriate collision and liability insurance can find themselves in the middle of a serious financial crisis. When settling rental car damages, there are a number of considerations that one should be aware of to ensure a trouble free resolution.

When you rent a car, you will usually have insurance through your own car insurance policy, or insurance that is available through your credit card, or you will have obtained insurance through the car rental company. It is important to be aware of the limitations that may be attached to a credit card's car rental insurance policy. As well, some rental car insurance policies will include comprehensive coverage, but there may be limits imposed on what and how much they will cover.

The process of submitting a claim requires completing a number of actions as outlined in your insurance policy. The process can vary, but generally, you need to do the following:

1. If your insurance is provided either by your credit card company, rental car insurance company, or your own car insurance company, you will have to contact them directly.

2. Each company will have their own form that you will have to fill out. You will have to send the form and all appropriate documents to the company. Some insurance companies have online forms that can be downloaded and filled out.

3. To claim for loss or damages to the rental car, you will need to provide the following:

• Proof of the rental agreement. (submitting a copy)
• Rental car inspection report prior to renting the car. This includes the walk around report that the car rental companies use to identify any scratches, dents, and other damages before you rented the car.
• A copy of the police report
• A copy of the damage inspection after the car was returned to the rental company
• A copy of the repair invoice or damage estimate from the rental agency. It will include an itemized repair list
• A receipt for repairs

4. To pursue your claim for losses resulting from rental car damage, you will be provided with a contact mailing address where you mail your claim. Once costs and damages have been determined, the insurance company will provide the coverage.

There may possibly be a dispute over repair charges. An insurance company has the right to send a claims adjustor to inspect the damaged car before it is repaired or disposed of. If you don't have insurance, a rental company can make repairs without an inspection.

It is important to be aware that if you are not adequately covered, you may incur some expenses. Some rental car agreements may require that one reimburses for the full value of the car. You should check to make sure you have the appropriate coverage. As well, some agreements require immediate reimbursement for damages, so they may immediately charge your credit card.

There may be other expenses that you are not covered for that can include: administrative fees, towing expenses, storage fees, and inspection and appraisal fees. It is important to read the fine print of your insurance policy to make sure you are comfortable with your coverage.

Purchasing the right insurance for a rental car can make all the difference if you suddenly find yourself in a potentially expensive car accident. When you pick up your car from the car rental company, make sure you inspect the exterior for damage. Being prepared will provide you with peace of mind when you are on the road. In the event of an accident, it will be a lot less stressful if you know exactly what steps have to be taken to settle any damages.

About ULIP

The expensive cover policy.

A few decades back, only money back and endowment policies used to be sold by LIC agents. The enterance of new private insurers marked the regime of new unique policies that suited individual needs. Now-a-days, except for LIC all other companies are busy selling ULIP's. Unit Linked Insurance plans as provide you with a cover along with the benefit of enhanced returns on the principal. Lets have a look at the features of this policy:

1. One can invest a fixed amount monthly, quarterly, semi-annually or annually.

2. Amount saved in a ULIP plan (net of charges) is invested at the applicable Net Asset Value (N.A.V) and denoted in units.

3. Every month a certain amount goes towards charges like the fund management charge or premium allocation charge and so on.

4. The cover provided is generally 5 to 10 times of annual premium.

5. The investor has to choose from a range of sub-options or plans provided by the company. For example a risk averse person can opt for a Protector type fund where 90 to 100 % of the investment is made in Gilts and Money market instruments which are risk free. Similarly an investor with a greater risk appetite can invest in Aggressive fund where 60 to 100% will be invested in equity and equity related instruments.

6. The term of the policy can be between 3 to 60 years with minimum and maximum age at entry and exit differing from policy to policy.

7. Different types of bonuses are declared during the term and on maturity of the policy that either increases the fund value or additional units are added to the policy.

8. You can opt for a single premium or regular premium ULIP plans.

9. In case of death of the investor during the term the company pays out the fund value + bonuses (if applicable) or the Sum Assured (cover) or both. This too differs from policy to policy.

10. Tax benefit u/s 80C for premiums paid upto Rs. 1 lakh p.a. Also surrender value or maturity benefit is exempt from taxes.

11. One can surrender the policy after three years of policy existence and can redeem the fund value as on that date.

Samir Kunvaria

Cheap Life Insurance Quotes

To ensure that you have the right insurance plan that you can afford, its important for you to know the correct life insurance quotes. You can go to the insurer's website for the same, or look for their brochures. But we recommend that you call them personally for this purpose.

If you think that you are not able to gather the correct and sufficient information, then you should fix up a meeting with a licensed agent and clear up the things. Fixing a meeting does not make you bound to purchasing an insurance plan. If you happen to find a cheap term quotes, then make sure the plan does not oblige you for any other plan.

Before you opt for a life insurance plan, we recommend you to study the following points carefully.

1. There are different types available in the market. While they may have different names in different companies, generally they hold the same concepts. Do not be confused by the different names and in fact, as you go from one company to another, put together a list in columns of each type - for instance, all term life insurance in one column regardless of their names and all whole life plans in another. That way, you know the basic benefits from each plan in every company. Comparison will be easier.

2. There are three basic types - Whole, term and universal life insurance. Term life insurance will have no cash value and you cannot take a loan against it. Whole one gives you more returns than what you have paid. Universal also builds up its cash value and in addition allows you to take a loan against it.

3. One kind of a policy can be converted to other kind of a policy with respect to some of the deciding factors. In such cases, your health plays a major role. For instance, another company is offering you a cheaper life insurance rate, but your health does not allow you to qualify for the same, so you have to stick to the present company.

4. Even term allows riders so if you need a rider to attach to your current term life insurance plan, do so. Riders available include spouse and child term riders which mean your precious ones are protected as much as you are with a negligible increase in premium.

5. If you think that you are into some risky job in which you are prone to occupational hazards, the you can ease your tension by adding a "waiver of cost" rider. This would mean that if at any time during the policy term, you get disabled, then all the costs of the policy would be paid by the company itself.

Make sure that you do not risk your future for saving a little money. There might be a number of cheap term life insurance rates available in the market, but they might offer you a limited cover and benefit. So, don't go for the price, look if the policy is fulfilling your needs or not.

Never be fooled by companies, agents or plans that boast of cheap or super affordable life insurance quotes. Your life insurance plan is meant to be something that protects and helps you when you need it most - basically, if it does not serve your needs, rethink the plan and start all over again.