Posts Tagged ‘claim’
Howard Kaye of Howard Kaye Insurance Agency, Inc. Recommends Life Insurance As Vehicle for Wealth
Howard Kaye knows a thing or two about growing wealth. The son of the famous Barry Kaye, Howard Kaye has been a leader in the field of wealth creation since 1984. Under his leadership and guidance, Barry Kaye Associates grew to become a leading provider of life insurance. Now running his own firm, the Howard Kaye Insurance Agency, Inc., Howard Kaye assists his clients in growing and managing their wealth with the goal of passing it down to their heirs or charities as part of their estate plan. Life insurance is a prime vehicle for doing this.
Howard Kaye Insurance Agency, Inc. Explains The True Worth Of Life Insurance to Clients
At the Howard Kaye Insurance Agency, Inc., advisers spend a lot of time counseling clients on the benefits of life insurance policies as a means to grow wealth. Unlike investments that are dependent on the stock market, and hence, susceptible to ups and downs, life insurance is oftentimes a safer and more steady product that can provide its beneficiary with a guaranteed* sum upon payout. At Howard Kaye Insurance Agency, Inc., advisers spend time getting to know the client and their estate planning goals before recommending appropriate life insurance policies.
*Guaranteed payment of insurance proceeds is based upon the claims-paying ability of the issuing insurance carrier and sufficient premium payments to keep the policy in force.
Many small business owners and home based business owners put up a website describing their product or services. In addition to their ground business, this ensures they reach a greater number of consumers plus growing their brand or service. There are, however, many pitfalls and gray areas in owning a website; the legal system is only just beginning to enumerate them and prosecute offenders. It is these legalities of which the small business owner and the home based business owner must be aware in addition to some of the consequences of infringement. The cost to the business owner could be astronomical if he doesn’t take steps at the beginning to safeguard all his hard work.
First and foremost is registering the name and logo of the website. The business owner has done a lot of work designing the logo and site, writing the disclaimer, terms of use and legal statement. Creation of the site constitutes copyright, but the logo and design can be infringed upon and should be trademarked.
The United States Patent and Trademark Office, or USPTO, has pages to help the business owner with registration. This is going to cost, but not as much as legal fees, court costs and attorney fees required to sue whomever steals the business owner’s work. It takes between nine and twelve months in addition to some $300 to complete this task, but the rights are the business owner’s thereafter.
There are an unlimited amount of domain names available. Names uncomfortably close to the business owner’s domain name can cause confusion among customers, causing the business owner to lose revenue to a look-alike or cyber-squatter. Court cases can be researched in which the judge fined the person infringing upon the site. Business owner’s should institute a search of like-sounding domain names in order to prevent such cases from happening.
Registering the business owner’s social media pages is also a big step toward remaining free of website legal trouble. This immediately sets up the business owner’s name as unique and further establishes a common law ownership of a domain name. Social media is handy for promoting the business owner’s product or service and should likewise be protected. The business owner would be well advised to hire a trademark attorney to further educate him in addition to protecting him from other pitfalls and gray areas in website ownership.
According to the UK Car Insurance law, the insured has the unique opportunity to cancel his or her auto insurance 12 months after the car insurance was purchased. In this case, the insurance company is obligated to send a maturity notice stating the outstanding annual premium, at least 15 days before the year’s end. It follows a notice of expiry after which the policyholder has a period of 20 days to termination. If the maturity notice was not provided, policyholder is entitled to terminate the contract whenever he/ she want.
The contract will expire on the day after you mail the letter. The car insurance company then has the obligation to refund any contributions it received in advance, but it subtracts the time between renewal and cancellation.
According to the Insurance Code, it is possible to terminate the contract of insurance solely and exclusively in the following situations: Policyholder is moved, his marital status is not the same, and if there is a change of occupation or dismissal. However, the situation must lead to a change in risk of contract termination to be valid. For instance, a move that led to changing the security of your car (even parking) will clearly not be taken into account. Applicants must present documents attesting the authenticity of your cancellation request. The motor insurance company will then be liable to compensate you.
Finally, few advices: do not confuse anniversary date and expiration date, read your contract well. Keep written proof of your decision to terminate. In case of problems please contact the hierarchy of your insurer. Most importantly, do not ignore the notices being sent out to you.
These tips will be highly useful if followed properly and although the law supports the consumers provided he’s making a legitimate claim, the fact remains that the termination of automobile insurance is a long and exhausting process.
When facing an insurance case, people often find it frustrating to wait for the insurance company to settle their case and ask how long it takes to process a claim. Many customers look for legal support of their anticipation, asking if there are any laws regulating the duration of insurance procedures.
Every state has its own regulations and legislation concerning insurance activities to which the insurance companies have to abide. In some states you may also find things like “Unfair Insurance Practices Act” or “Unfair Claims Settlement Practices Act”, which are more specific and targeted at insurance activities in contrast with broader laws and regulations presented in other states. The nuances and specifics of such regulations have their own peculiarities across different states, however there are certain common points that they all share in regard to insurance companies, imposing them to: a) accept your insurance claim within a specific period of time (usually 15 days);
b) conduct a prompt investigation on your claim. Make everything possible to process and settle the claim with a clear liability. Besides, the insurance company has no right to refuse your claim a payment without delivering a valid and clear reason.
In case you feel that your insurance agent or company representative did something without correspondence to state legislation, you might want to speak to the person’s supervisor first. In case the attempt wasn’t satisfactory, it’s time for you to file a report in your state’s insurance regulation department. If the department has other similar claims concerning the same company it will conduct an investigation and is likely to impose a fine or even revoke the company’s license if the case is quite severe.
In some states you are even allowed to take legal actions against an insurance company individually, if you feel to do so. In case you choose to pursue in a lawsuit against your insurer, there are certain regulations that might help you: a) broader interpretation of coverage provisions, b) limited interpretation of exclusion provisions c) favorable interpretation of any ambiguities contained in the policy. However, take into account that in certain states, in case you’re successful with your legal action you will only get the claim amount, while in other states you may also be reimbursed with court fees and punitive damages.
Here are some helpful tips you may use in order to be prepared in case of filing a home insurance claim.
Prior getting the policy:
* Write down the coverage proposals told by the agent, you may need them for reference in the future
* Road through the policy before signing it, making sure that you understand its contents
* Don’t misinterpret or change the information provided to the application
Prior to filing a claim:
* Read your current policy thoroughly
When the claim is filed:
* Review your actual home insurance policy and the notes you’ve taken when signing the policy
* Inform the insurer about your loss in a prompt manner
* Keep the claim as objective as possible
* Log your communication with the insurer (especially when speaking by phone)
* Get all the materials proving your claim (such as receipts)
* Have copies of any documents you give to the insurer no matter what
* Estimate the loss on your own
* Sign releases or checks only if you think they’re fair