Archive for March, 2010

General Insurance Explained

General insurance refers to other forms of coverage other than life insurance. Examples include insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. It also includes professional indemnity insurance for professionals. By paying the premium under this policy, the insured can get [...]

How the No Claims Bonus or No Claims Discount Works

A no claims bonus on your car insurance is a discount awarded on a renewal premium against the consideration not having made a payable claim in a valid previous year of insurance.Simply put, a no claims bonus is applied at the time of renewal of a policy which certainly reduces the premium. However, a no [...]

Texas Auto Insurance – Laws, Requirements, and Avoiding Penalties

Texans have a number of options when it comes to meeting the states minimum auto insurance requirements. In the state of Texas, drivers may purchase an auto insurance policy to include the following minimum coverages: $25,000 for bodily injury or death to one person per accident; $50,000 for bodily injury or death to two or [...]