easy insurance for you online - Insurance Learnings Articles 103486

Ppi Reclaim
Banks had it their own way for quite some time. Fat cats were getting their cream and their poor customers were being fleeced in the process. They`d go cap in hand to the banks for a loan and were offered payment protection insurance (PPI) at the same time. In many cases the rate for the loan would be lower if PPI was taken out at the same time making it seem more attractive. However, the cost of PPIs could vary from 13% right up to 56% of the loan amount. Moreover, clauses were often put into the policies that meant they wouldn`t pay out anyway in times of sickness or redundancy. People have wised-up in recent times and those who think they might have been pressured into paying for, or misled about a policy, can speak to claims management teams about a possible Ppi Reclaim. They could be entitled to thousands of pounds if the Ppi Reclaimis successful. If you weren`t given all of the facts about your PPI in the past then you have a strong case for the Ppi Reclaim. Why should the banks get away with fleecing their customers over a number of years, especially with regards to payment protection insurance? Customers who think that they might have been treated unfairly have a strong right of appeal.

If you`re in business for yourself, either alone or with just a few employees, a long-term disability can easily mean bankruptcy or could even shove you into homelessness.

The only way to protect yourself from these possibilities is with disability insurance. But there are three types and you need to know the differences.

The kinds of disability insurance

There are three kinds of disability insurance available. The first of these is Own-Occupation Disability Insurance. This is the only type of insurance that does not penalize you for going back to work in a different occupation while on a claim.

Why can this be important? If you become disabled and are like most people, you not going to want to just sit around the house for many months. So, with this type of insurance, you could go back to work in some job where you are not totally disabled.

The second type of disability insurance is called Income Replacement Insurance. This has become the most common type offered by insurance companies today. This type of insurance will penalize you during a claim if you decide to go back to work or earn another source of income.

The penalty usually takes the form of a decreased monthly check as the insurance company will offset some of what it owes you based on your other income.

The worst definition

The third type of disability insurance is Gainful Occupation Coverage. This is the worst kind of disability insurance because it defines disability as ?because of sickness or injury, you are unable to perform the material and substantial duties of your occupation, or any occupation, for which you are deemed reasonably qualified by education, training or experience.

The problem with this definition is that it is too subject to interpretation. What you think you are reasonably qualified to do by education, training or experience could be far different from what the insurance company thinks. It`s doubtful the insurance company could decide you`re qualified to go back to work flipping burgers but, at least theoretically, this could happen.

If you`re in business for yourself, you need disability insurance. But don`t make the mistake of buying the cheapest available. Shop around before you buy to make sure you`re getting the best value. You might find you can afford the Own-Occupation Disability Insurance and that`s, by far, the best option.

Something else you need to know about is a new technology called HD Radio that enables AM and FM radio stations to broadcast their programs digitally. These digital broadcasts provide listeners with radically improved audio quality, more radio channels through multicasting, and new data services. To learn more about this amazing new technology, just go my Web site, http://www.hd-radio-home.com, to get all the facts.

Douglas Hanna is a retired marketing executive and the author of numerous articles on HD radio, the Internet and personal finances.

Article Source: http://EzineArticles.com/?expert=Douglas_Hanna

For more information about this article and/or the author visit http://www.hd-radio-home.com

For more information, news and articles see: