Insurance Center

Our world has changed, nit for the better this time. Now terrorism is a household item just like burglary or fire.

Workers compensation and other coverages
Workers compensation, a compulsory line of insurance for all businesses, covers employees injured or killed on the job and therefore automatically includes coverage for acts of terrorism. Workers compensation is also the only line of insurance that does not exclude coverage for acts of war. Coverage for terrorist acts cannot be excluded from workers compensation policies in any state.

Terrorism coverage can only be triggered under TRIA for commercial policies when a terrorist attack is declared a “certified act” by the Secretary of the Treasury. No such declaration is needed to trigger coverage under home and auto policies because there are no exclusions for terrorism.

The September 11, 2001 terrorist attack resulted in an estimated $32.5 billion in insured losses. Those losses occurred across many types of coverage, including commercial property, business interruption, workers compensation, aviation, life and disability insurance. Future attacks on U.S. soil are also likely to trigger a wide range of insurance coverages, depending on the type of event and whether policyholders have purchased terrorism insurance.

What is covered by Terrorism Insurance

The National Association of Insurance Commissioners (NAIC) is committed to working with Congress, the Administration, state officials, and the industry to develop a long-term plan to make terrorism insurance available and affordable to everyone. President George W. Bush signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 (the Act) December 26, 2007.

Several provisions of the initial Act changed during 2007. Some of the more significant changes include:

When you buy car insurance, it is important to keep a cool head. You must understand the basic concepts of auto insurance before you go out and shop. You should also realize that insurance companies have different price structures that relate to the kinds of people they would prefer to insure. Most insurance companies prefer to insure people that are married, educated, and who have not made a claim, or had any speeding tickets in the last three years. The following are five “DON’T’s” when buying auto insurance.

Don’t Purchase the First Quote

My teenager just got her driving license and I am hysterical. Firstly I can see myself become pedestrian and bus-rider and then there are all those other issues. Parents of newly minted drivers have much to fret about, with research showing that concerns about teen driving top all other parental worries. In addition to lost sleep, count on significant additional expenses, too.

When it comes to buying products, insurance is different. When you buy a car, for example, you get to drive it home. When you buy a house, you live in it. However, when you buy insurance, you only get a piece of paper that promises you that your claim will be paid. There is also a lot of very small print that you probably won’t read. How can you make sure you get paid? Here are some tips.

1. Make sure you know your claim number. Write it down and have it with you. Remembering to do this will enable the adjuster to handle your claim faster.

You’ve been looking for that special car you want for ages. You want a used model because a new one is out of your reach. After months of searching, you find one. You test drive it, you haggle over the price, you spend hours checking it out, you organize the money and finally everything is ready.

Car insurance is boring, plain and simple. Choosing a car insurance policy provides about the same amount of excitement as filling in your tax return – something you have no desire to do but have to.

And to make matters worse, with rising food prices and a drifting economy, many of us are feeling quite a pinch. So any way we can the odd penny is very welcome. The question here is what's the cheapest car insurance policy out there, and how can you get it?