February, 2017

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How to File a Life Insurance Claim

life insurance in Connecticut

When its time to file a claim for life insurance in Connecticut, do you know what to do? Its not hard, but a good time to think about it is before you need it. Here is a brief outline of the process.

Death Certificate

In Connecticut, you can request a copy of the death certificate from the city of the persons death or through the states Vital Records Office. Your personal insurance agent can help you fill out claim forms and serve as the go-between with you and the insurance company. Work with the deceaseds agent or the company itself.

Payout Options

Send a certified copy of the original death certificate along with the claim; the insurance company should settle quickly and offer you these payment options:

  • Lump sum: Get a full payment at one time.
  • Specific income provision: You are paid principal and interest on a set timeline.
  • Life income: Regular payment for life based on the benefit, plus your gender and age at the time of death.
  • Interest income: Receive interest on the amount, which is held by the insurance company and given to a secondary beneficiary when you die.

Making a claim for life insurance in Connecticut is fairly simple. The hard part is having to do it. Consider your choices for payment beforehand, and it will be that much easier when needed.

The Need For Marina Liability Coverage

Marina liability coverage

Marina liability coverage is essential. Insurers sell policies to marine industry segments to help owners avoid paying costly settlements when injuries occur on or around their property. The policy is a form of relief to everyone, from boat dealerships to marine surveyors and yacht clubs. Marinas are exposed to a variety of property and liability risks due to the many commercial activities that take place at their businesses. As an owner, it’s your job to focus on mitigating many of the inherent risks associated with your line of work and look for affordable solutions to help keep your business thriving.


Many in the marina industry provide a slew of amenities and services, including fishing expeditions, charters, regattas, watercraft rentals, and boat shows. Many even take part in providing charter and rental services, and by providing these types of services they can run the risk of incurring serious exposures. Any time that you allow contractors and outside vendors access to your premises (or your customers) you open yourself up to the possibility of a lawsuit.


Look into your options


Like most industries, every business has to deal with their own unique set of risks, and each type of risk requires its own special form of protection. Coverage is often specifically designed for a particular exposure associated with marinas. It’s important to read the policy in order to properly cover those risks, and this may require an expert in marine coverage, someone that regularly deals with issues unique to the marine industry.


You have many potential legal issues to consider when purchasing a policy, so it’s imperative that you ensure that you are properly protected against the types of incidents, such as theft, vandalism, accidents, and injuries, many of which are common exposures.


Have a conversation with an agent about whether you’ll need special additional coverage for things like club activities, fundraising, or other special events that you may host at your marina or yacht club. Marina liability coverage is critical for many in the boating industry, and obtaining proper coverage with a reputable and experienced marine insurance agency is always advised.








Smooth Sailing With Yacht Coverage

marine insurance

Few hobbies offer the fun and enjoyment you can experience when you venture out on a yacht. Amateurs and experienced sailors alike can survey the beauty of the water and the relaxation it provokes. With such activities on your mind, you might not consider the liabilities that exist, too. Many of these affect the marinas that yachts and other watercraft dock at, but investing in marine insurance can help you avoid the cost of such risks.

Common Marina Liabilities

There are a number of liabilities that commonly affect marinas. A good marina insurance policy will provide coverage for a range of items. Some of those that may be included in a specialized policy include the following:

  • Damage from windstorms
  • Legal liability for removing sunken wrecks
  • Oil pollution
  • Emergency assistance and towing

These are all common liabilities for yachters and marina owners, but you don’t have to fall prey to their expenses. With a good marina insurance policy, you are effectively protected from the expense of such incidents.

Keep Your Marina Safe

Your marina should be safe for every boat and more importantly, every person that stays there. Even while you do your best to ensure it is safe, there are liabilities you cannot escape. A good insurance policy can fill the gaps and offer the protection you need.

Commercial Property Insurance in Orlando for Loss of Revenues

commercial property insurance in Orlando

Within the US there are office buildings, shopping centers and residential properties with either partial or complete vacancies, many of which have been in existence for some time. Tenants, unable to pay, may eventually default on their leases forcing landlords to shut their doors. As part of their overall risk management strategy, its important to understand how this will impact, not only their renewal pricing, but also coverage on the building.

The vacancy issue is significant and many insureds are not aware that their commercial property insurance in Orlando can be affected when a building is left vacant for any extended period of time. Underwriters, fearing certain risks, are not excited about extending coverage to a building that is vacant or unoccupied. Insurance companies typically consider buildings to be vacant if less than 30% of the building is occupied.

Maintaining a secured property can help you save money

Many underwriters will agree to waive the vacancy provision if they receive assurance the building is properly secured. The best way to prevent a vacant building from being vandalized is to have a good security system in place, via hardwired alarm monitoring, security patrols and cameras where such measures are appropriate. Insurance companies often suffer claims due to a list of exposures resulting in losses due to vandalism, where copper wiring, equipment and interior materials may be stolen for profit.

Many property insurance policies will convert to Actual Cash Value (ACV) and/or may reduce the coverage provided for buildings that are vacant over a certain number of days. It is important that owners are communicating with their brokers if a building is unoccupied so the broker can negotiate an extension or get the underwriter to agree to waive the vacancy provision.

One issue for landlords is that they are continuing to pay the mortgage and maintenance on a property with little or no revenue stream. The property might be fully or partially occupied at the moment, but there could be concerns about retailers or tenants continuing to stay on. This is why commercial property insurance in Orlando is so vital. Insurance carriers typically pay loss of rental income based on historical rental income. It is recommended that landlords look at these values annually and make any necessary adjustments as appropriate.

Reasons to Invest in Life Insurance

CT life insurance

Whether you live in New London or Norwich CT life insurance can be a good foundation for building a financial plan for you and your family. Experts agree it is an important tool with unique financial benefits in some situations.

Replace Income

It can be a crucial source of income for surviving spouses and children. It can help replace lost wages for everyday living expenses and may also help fund college plans for children.

Final Expenses

Funeral and burial costs average about $10,000. Benefits can help cover those and probate costs, along with outstanding debts and medical costs not covered by health insurance.

Estate Taxes

Benefits can pay for state and federal estate taxes, also known as death taxes, that otherwise would have to be paid by your heirs. They may even have to convert some of their inheritance to pay the taxes.

Cash Value

If it is not used as a death benefit, heirs may be able to borrow or withdraw benefits as a cash transaction. This option does not come standard, however. Ask for this type when setting up a new policy.

Future Security

Whether you live in Windham or New London Counties, CT life insurance is a good start in planning your financial future. Another bonus is the peace of mind it offers you and your family.

Protecting Your Clients with Transit Insurance Programs

transit insurance programs

When your client is responsible for the safe shipping of cargo belonging to a business or individual, unexpected issues can happen where those goods may be damaged or go unaccounted for. Transit coverage, available through transit insurance programs, will protect shipping companies from claims stating that they are liable for any issues that involve goods belonging to customers.


Transit insurance covers all inland and marine transit of goods. Your client cannot be with items during transit at all times, but having insurance will give some much-needed security that those items will arrive safely at their destination or be duly compensated. If any harm does happen to those goods, it will not result in the business suffering a large loss. Transit insurance is a necessity for any business that depends on shipping products and other merchandise. The kinds of plans available can vary depending on the value of the cargo and the distance the shipment must travel.


Protection when your client needs it the most


You have clients in the transportation industry that are responsible for providing storage services for the property of others. During those times when someone’s products are being moved or stored, they’ll need to be protected, especially if your client is responsible for moving or storing expensive items, such as computer equipment, electronics, or office furniture, ensuring this cargo is the only way to have protection against possible loss, theft, or damage.


There are a variety of types of property in transit insurance coverage policies, each meant to cover a different type of transportation method or item to be stored or transported. Go over each type of insurance coverage to help your client decide which is best for them.


One type of property in transit insurance coverage is transportation coverage, which will protect that property being transported, either by motor, air or rail. Transit insurance programs offer coverage that typically includes a policy for the property while it is being transported, if it is temporarily in storage before, during, or after the move, and during loading and unloading. You may also find that most transportation coverage includes other risks of transporting belongings or property, such as the removal of pollutants or debris, or moving to a temporary location and the risks involved.


Advantages to Constantly Updating Insurance Sites

insurance sites

The Internet is perhaps the primary place where people go to learn about and shop for insurance products. Its really no surprise that more insurers are looking to bolster their online presence through company insurance websites. While it can be an easy process getting visitors to your site, the more difficult task is turning those visitors into customers along with generating interest in the services being offered.


The best insurance sites offer good content as a way to captivate audiences and get them interested in learning more about you, your company, and your services. But in order to help raise the visibility of your agency’s website you must do your part to improve different aspects of your web pages and increase awareness of the value, as well as the necessity, of the products that you provide.


Providing visitors with visual satisfaction


Fonts can actually make or break a website. Using distinct and unique fonts can be quite beneficial as a way of distinguishing your agency’s site from others. Dont go overboard or use fonts that can be jarring. Keep it tasteful and visually pleasing. This is one way in which you can help visitors differentiate between sites that are, and arent, trustworthy.


A newsfeed can help demonstrate your knowledge of insurance


Adding a newsfeed to your site will impress consumers by giving it more authenticity. Useful information is a vital tool. Both prospects and insured’s will appreciate your ability to target market-related news of interest.


Start a guestbook, create polls, and provide surveys


Dont underestimate the value of adding a guestbook to your site. This is a really great way to invite feedback from your visitors, including local prospects and clients. Messages left in your guestbook can provide insight into customer needs and concerns and help develop ideas to improve your business. Incorporating polls and surveys into your website are great ways to engage and connect with your visitors.


Adding a virtual tour of your offices will help to familiarize new prospects with your business. Employees, company representatives, and clients will appreciate the use of a virtual store as this gives them the opportunity to buy agency-sponsored goods. Constantly updating insurance sites can help put your agency at the forefront where opportunities abound.


Cyber Threats and Carmel Cyber Liability Insurance

Carmel cyber liability insurance

Companies face the ever-increasing threat of a cyber attack and need to start taking the steps necessary to minimize their risks. There are several products on the market that deal with this issue, including Carmel cyber liability insurance designed to help safeguard companies in the aftermath of such an attack. Your servers, computers and other technological equipment are constantly at risk, and you need to be able to respond to a cyber breach quickly and efficiently.


When it comes to eliminating threats you should purchase data breach insurance coverage, but you should also be looking into preventative measures to lessen the threat of an invasion. The company needs to evaluate current strategies and use any available information to establish new policies and procedures to prevent breaches from occurring.


Take extreme security measures


Disseminate a plan to combat cyber breaches through your management team in order to help ensure that everyone knows what to do in the event of a breach or an attack. Your security team should be updating standards for data security as changes occur, ensuring that proper security and authentication software is installed on mobile devices and kept up-to-date. Part of any security plan should include providing adequate training and technical support. You need to ensure that your organization maintains control of data at all times, especially with offshore data storage or services.


Security software must be updated as well, as this can be a useful deterrent to hackers. It’s important to define your security requirements with vendors and third-party service providers. They should be required to maintain appropriate security measures in compliance with certain state and federal regulations.


Professional hackers often have the means and the know-how to break encryption codes without very much difficulty. Encrypting data in transit is certainly a good practice to have in place, but this alone can give clients a false sense of security. Experiencing a data breach can have a devastating effect on a business, from the costs of notification, which can run particularly high, to the loss of customer trust. Make the right decision and invest in Carmel cyber liability insurance coverage as your best line of defense.








Overnight Rental Insurance to Protect Your Assets

cabin insurance in TN

Having a cabin in eastern Tennessee can be a great investment, but if you’re always worried about damage to the property, it can be unsettling. The answer is cabin insurance in TN. This insurance is available for single-home and multi-dwelling landlords, homes or all sizes and styles, condominiums, townhomes and vacation properties.

It’s not only damage to your property that is an issue. Guests get injured while on vacation, too. If a guest holds you liable, the legal bills could cripple you financially, even if you’re ultimately not found liable.

Pools, stables and other buildings on the property should be covered separately. Ask your insurance agent to assess your earthquake and flood risk, because these events are typically not covered by a general policy. Know the limits of your policy so that you aren’t taken by surprise when a claim is made or denied. Being under-insured is just as bad as being uninsured in some cases.

Protect your assets with cabin insurance in TN. If you have guests staying overnight in your property, you can’t be caught without the insurance that makes sure your financial future isn’t devastated by one accident. Review your insurance policies and have peace of mind that you’ll be able to enjoy the income and the location for years to come.