Posts Tagged ‘insurance’
Thursday, September 15th, 2011
In selecting cheap auto insurance, you must first get quotes from a list of car insurance companies in your area. Jot down the items which you would need and would not need for you and your family’s security. What you want is a reliable car insurance company that has the most comprehensive coverage with the least amount of premium. Usually, the largest insurance companies have the highest premiums. You will have to find a good company which also has the same coverage but with a lesser amount of premium
You also have to identify companies which rank first according to customer reviews. This is because each insurance company handle incurance claims differently. Some shrug off accident claims although these claims are specifically covered. These are those companies which you should steer clear from.
When you review and compare different insurance quotes, you should also take your status into consideration. Being a student would also get you cheap car insurance for students when you know where to look online. Here are a few guidelines to make buying auto insurance a whole lot easier:
Check out its company profile. How long have they been operating? Do they get a lot of bad reviews from their clients? Usually over what matter?Study their process of handling car insurance claims. How long does the process usually take? If ever you get involved in a car accident, you would want to have an insurance with a company which handles claims within the least amount of time.
Ask around. Sometimes, the best way to find a cheap auto insurance would be to ask people whose judgment you trust. You can also talk to a mechanic at a trusted repair shop for his policy suggestions. For sure they had several clients who may have had good or bad experiences with insurance companies. You have to know these things so you can avoid getting insurance from these types of companies.
Trust your gut feeling. When you compare quotes, go with the company that makes you feel the most comfortable. It is also helpful if you have a friend who is working with that insurance company. That way, if you have any claims later on, an insider would be available to help you with the processing.
Find the best insurance quotes online. Start comparing quotes now! –cheap car insurance for students.If you arein search of cheap auto insurance,you first needto understandthe functions of thedifferent types of cheap auto insurance.
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Thursday, September 15th, 2011
Most people buy their car insurance without even understanding what are contained in the fine print. Once they get their hands on an auto insurance that’s cheap, they immediately jump at the chance and buy the same without any second thought. It is always important to know which areas you are insured for and which areas you are under insured. For sure, you do not want to carry more coverage that you need and afford but also avoid exposing yourself to damages which you may not be insured against. Not having the proper coverage would be a risk you would not want to take especially if you are a new driver. There are lots of insurance companies online offering cheap car insurance for a new driver, if you know where to look.
The following are the types of can insurance coverage which you may want to have:
Property Damage (PD) Liability -This mandatory coverage answers for damage caused to another vehicle in case of accidents in which you are legally responsible. Knowing that many people drive aroundluxurycars, it is always good that you have this type of coverage.
Bodily Injury (BI) Liability -This coverage is always essential as it pays for damages in case of injury or deaths which you may be guilty of. This coverage answers for medical expenses and even legal expenses for legal battles which you may find yourself caught in the middle of.
Medical Payment -This coverage is used to pay medical expenses which you may incur for yourself and your passengers in accidents which you may or may not be responsible for. Uninsure Motorist (UM) Coverage -While you may be insured, there are a lot on the road who are not. And this type of coverage protects you from uninsured motorists who may not be able to pay for medical bills or property damage bills which you may incur in case of accidents.
Collision Coverage – This type of coverage is subject to a deductible and covers damage which may be caused to your own vehicle in case of collision. This coverage is a must when you acquired your vehicle on installment and wonerchip is not yet transferred to you. The actual value of the vehicle is made the basis for the premium.Comprehensive Coverage -This insurance coverage will answer for acts of man, such as theft, and acts of nature such as flood, as well as unforeseen occurrences such as collision with animals.
Acquiring cheap car insurance for new driver online is not asdifficult as youbelieve.Provisions in your policy are meant to be read. Identify which area you are covered and not covered. For budget-friendly car insurance, go to – auto insurance cheap.
Tags: auto insurance, cheap car insurance, general, insurance, insurance premiums, misc, miscellaneous, news, premium
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Thursday, September 15th, 2011
Finding the most affordable car insurance online can be annoying and a bit draining.Nonetheless, it is not impossible to get the cheapest insurance online.In fact, you realize its merits the moment you get it and become satisfied with the deal.Many customers opt to get rid of extra expenses in getting a car insurance so they bypass getting an intermediary.One important inquiry you may have is, how can I obtain an excellent transaction online?What matters should I examine when obtaing an online insurance?The following are tips one should consider when selecting an online insurance.
First thing to do is spend time examining the promotions of car insurance sites.Read the deals, promos and premiums involved.Perform a meticulous examination before jumping in a conclusion on which to select.Check and compare offers.Compare quotes.You can compare quotes by comparing websites or by using a comparison website.By doing this, you can have a bird’s eye view of all the quotes and make everything more convenient.
After you have entered a comparison website, complete the form that solicits your personal information, coverage required and policy length.Submit it and afterwards, you will receive quotes coming from different insurance companies.
Look for insurance companies which you can conveniently contact for your inquiries.Good insurance companies provide ways to communicate with their prospect customer either through chat service or e-mail.Good insurance companies also offerpromotional discounts once you enrol in their otherinsurance service such ashouse insurance or health insurance package deals.Apprise yourself of these special offers and grab it if it can be of good advantage to you.
Examine the car insurance company’s performance history.Investigate from friends and relatives who have been their customers.Know how they treat their clients.Take time to know their reputation by asking people who have had experience with them.Be vigilant of how they treat insurance claims.More importantly, verify with your state’s department of insurance website to find judgments and regulatory enforcement activity records for each insurance company.
Car insurance is compulsary but if you are a good driver, it is mostly an additional expense, buy cheapest insurance and save money. For more information look here for cheap insurance quote online
Tags: auto insurance, cheap car insurance, general, insurance, insurance premiums, misc, miscellaneous, news, premium
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Thursday, September 15th, 2011
Are you thinking of buying a car and want to check out the cheapest auto insurance quote? Finding an excellent deal and looking at the most affordable car insurance online for your car is exhausting but rewarding. There are things that car owners should primarily consider before finally deciding which insurance they should take. This is one way to keep extra cash in your pocket and be worry-free from paying your fees.
Below are some tips to consider in order to cut car insurance cost.
Make a smart decision in choosing a car. In buying a car be sure that you don’t just afford the cost of the car but also the needed car insurance that goes along with it. Remember, luxury cars also cost high to insure because of its greater propensity to be stolen.
Study the features of your car. There are specific characteristics that can significantly decrease the price of premiums. These would include safety features and alarm systems.
Examine ways on how insurance functions as well as the things that determine the cost of premium. Research what circumstances would decrease the premium. If you live in the province, there’s greater chance that you’ll pay less than those living in the city. When you also have less tendency to use your car, you are also most likely to have lower premiums. Be sure that you declare all information that is advantageous on your part. Determine the insurance coverage that is necessary for you.Be practical.
Raise your deductibles. Deductibles are thesum that you need to pay before the insurancestarts. If youincrease it you’ll have a good chance for a lower premium.Look around for cost-efficient rates. Access car insurance quotes quickly online. Ponder and decide which is easy and light for your pocket.
Your driving history will also have a gravity on how much you will pay for your insurance. Most insurers look at your history as a driver. They usually examine whether you are a reckless one or not. This is common because they are insuring you at their own disadvantage if you are an “accident-prone person.” The length of time that you have obtained your driver’s license will also matter. Insurance companies want to be assured that they wont be at the losing end so they tend to lower down cost for experienced drivers.
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Tags: auto insurance, cheap car insurance, general, insurance, insurance premiums, misc, miscellaneous, news, premium
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Tuesday, April 26th, 2011
As the Easter holiday approaches, holiday makers intending to travel in Britain and abroad have been urged by price comparison experts at moneysupermarket.com not to skimp on the right insurance cover.
Britain’s number one price comparison website – Moneysupermarket.com set out to discover the cheapest insurer for a model quote for a family of 4 holidaying for 7 days in Britain or Europe. The insurance comparison experts found that the top 5 cheapest insurers were Cheaper Travel Insurance (9.14), Virgin Money (9.98), Ignite (10.25), Your Travel Cover (10.27) and Debenhams Essential Cover (10.30).
Wherever you’re planning on going away for your Easter holiday this year, moneysupermarket.com has issued some helpful advice and statistics to help you make the best decision when it comes to cover.
Travel insurance expert Bob Atkinson at moneysupermarket.com, said: “With family finances still being squeezed, it is vital Brits holidaying in the UK or abroad don’t think going without travel insurance is a good cost-cutting measure. Having travel insurance in place gives peace of mind that you’re covered should any mishaps arise, so safeguard yourself and your family.
NHS medical aid provided on the UK mainland doesn’t apply when visiting the likes of Jersey and Guernsey so this advice is especially relevant to those travelling to the Channel Islands, where travel insurance is essential. Without the correct travel cover, the costs of any emergency medical treatment would be incurred by the holidaymaker – which can amount to tens of thousands of pounds.
Holidaygoers planning on travelling in Europe are prompted to take out a European Health Insurance Card (EHIC), which entitles the bearer to the same level of medical treatment as a resident of the country they’re injured in, either without any charge or at a reduced rate.
Whether you’re planning on camping in Germany, globetrotting to further-flung climes, or simply to caravanning around Britain, travel insurance is absolutely crucial in the event of loss, theft, breakdown, injury or cancellation.
With camping insurance from as little as 16pa (E&L Insurance), breakdown cover from 31pa (RescueMyCar.com), caravan insurance from 88pa (E&L Insurance) and bicycle insurance from 56pa (AUA Insurance), there’s no reason for British holidaymakers to skimp this year.
For additional info on travel insurance for over 65 from money supermarket, head over to their website now!
Tags: insurance, insurance premiums, law, premiums, travel, Travel insurance
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Friday, April 22nd, 2011
With cars having always been a generally expensive commodity anyway, the economic downturn has really seen drivers suffer. The last few years have also seen the price of pretty much everything grow, not only has car insurance risen over the last year, having increased at a rate of 40 pence per day, but we have seen a significant increase in the price of fuel as well, paying an average of 15.8p per litre more than we were only a year ago. But why?
It’s likely that you will have heard about the European Court of Justice’s new ruling that sex discrimination is no longer an acceptable means of calculating the cost of insurance, which is going to have a significant impact on the insurance industry practice and premiums across the board – especially when it comes to car insurance.
Women are set to pay an average of 25 per-cent more than they do now, and men seeing an average 10 per-cent reduction on their insurance, it’s more important than ever to make sure you find the most competitive insurance company in business.
When it comes to companies like car insurance comparison websites like moneysupermarket.com, they can provide help and info about any price hikes in the industry by using their car insurance comparison tool – the great thing about it is that you just have to enter your details once and they do all the searching and hard work for you by obtaining quotes from over 50 car insurance companies, relieving you of that arduous task of obtaining quotes from lots of different companies. When the time comes for you to renew your policy then – there’s absolutely no excuse for just remaining with your current insurer and paying the hefty price.
Peter Harrison, an insurance expert for the comparison site, believes that we’re an apathetic nation when shopping around for car insurance: “Insurers count on customer apathy to reap the profits, so it is alarming so many motorists are prepared to waste their hard-earned cash by not looking for a better deal”. MoneySuperMarket estimates the UK’s 6.3 million drivers lose around 1.7bn per year collectively because consumers don’t shop around for their car insurance.
Another contributing factor to the rising cost of our car insurance is the problem of uninsured driver accidents. The British Insurance Brokers’ Association (BIBA), who has itself been lobbying for a regulatory system since 2004, calculates that it costs policyholders an average of 30 a year, and that 160 are killed and 22,000 injured every year, all at the hands of uninsured drivers.
Additionally, the UK has one of the worst records in Europe for uninsured driving, according to the MID. An estimated 1 in 20 cars on the road is driven either completely without or incorrect (and therefore invalid) insurance, costing the nation’s drivers an incredible 500m per year.
Fortunately, though, a new Act aiming to deal with the problem is due to come into effect in April 2011. The Continuous Insurance Enforcement Act will mean that cars may no longer be owned without either registering their vehicles with a Statutory Off Road Notice (SORN) or insuring them. This means that even those owners whose vehicle remains physically off the road on the drive or in the garage (even if it’s jacked up on bricks and without vital components), will be breaking the law if they haven’t either insured it or applied for a SORN.
While the Act has been welcomed by many, concerns that it doesn’t quite go far enough have been voiced by some. Direct Line’s Andy Goldby, director of motor underwriting for example has commented: “We welcome this initiative, but with uninsured drivers costing British society around 500m each year, the severity of penalties must act as a deterrent to those considering driving without insurance.”
After all, what’s the point of imposing a 300 fine to someone who would otherwise have had to pay over 2,000 for their insurance in the first place? It remains to be seen, then, whether or not this act will have a positive effect on the cost of our car insurance.
Another big cost incurred by car insurance policyholders is that generated by accident claims and the growing personal injury lawyer business.
Insurers claim they are paying out more than they are taking in, with a survey carried out by industry experts EMB and actuarial consultancy revealing that in 2009, for every 1 the retail motor industry received in premiums, it had to pay out 1.20 in costs and claims, making 2009 one of the industry’s most costly years on record.
A different report, again from EMB, presented to the Commons Transport Select Committee in 2010, said: “Over 40 per cent of personal injury lawyers pay referral fees to receive work from insurers or claims management firms. Fees range from 200 to 1,000 per referral.”
The report also posited: “In our view, the biggest single factor driving price increases is the burgeoning cost of bodily injury claims… We estimate that twenty years ago bodily injury claims accounted for around 20 per cent of UK motor insurance claims costs. In 2010 we now estimate that proportion to be 50 per cent.”
Data shows that 341,592 people were killed or injured in 1989, compared with 222,146 people who were killed or injured on Britain’s roads in 2009, highlighting that the increase in costs just doesn’t add up.
The Jackson Report, published in January 2011, found that personal injury claims now account for an astonishing 50 per cent of the cost of our car insurance premiums. Insurance premiums increased by 40 per cent in 2010 and are set to see a further increase of 20 per cent in the year ahead.
So now, more than ever, it’s essential that you make sure your insurance provider is giving you the best value on the market.
For additional info about young drivers insurance at moneysupermarket.com, head over to their website now!
Tags: car, car insurance, crashes, insurance, insurance premiums, law, men, premiums, women
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Thursday, April 21st, 2011
The European Court of Justice’s ruling that prevents insurers from using gender as a risk calculation factor is already reshaping the insurance industry. Many have predicted rising costs across the board for women buying life, car and health insurance. But what will be the real implications of the new ruling? Are women going to be hit in their wallets?
Car insurance for women at moneysupermarket.com have benefited from cheaper insurance premiums than men for a long time now. In calculations for health insurance, life insurance, car insurance and annuities, the fact that women are seen statistically as a lower-risk group than men has meant women benefit from lower costs.
“In all studies, without exception, men have been shown to have a higher rate of crashes than women. This gender difference is most marked in the population under the age of 26 years, but is also evident in older drivers.”
Early reaction from across the industry led to warnings that women’s premiums would shoot up as soon as the ruling took effect. But some commentators feel the issue is not quite as black and white as that.
Maggie Craig, Director General of the Association of British Insurers, spoke out to cool the fears of women who might be worried about their insurance costs skyrocketing.
The price of an insurance premium for a woman under the age of 24 is expected to rise by an average of 24 per cent, with the youngest female drivers facing a 60 per cent price hike.
Annuity
Another area of society where gender has long been used as a discriminating factor is annuities. When people reach retirement, they often buy an annuity to guarantee them a fixed income for the rest of their life. Because women statistically live longer than men, their annuity rates have always been lower than those offered to men with the same sized pension fund.
She said: “Not all customers will be equally affected as the use of gender can vary significantly between products and different companies. Each company will have to respond to the ban in the way they feel is in their customers’ interests.”
George Ladds, Head of Pensions at Fair Investment Company, said: “Either rates for men and women will be brought in line to create ‘unisex’ annuity rate, which will probably see men’s rates go down more than women’s go up – or annuity providers will have to start looking at each case individually, which is more expensive, and that cost will be passed onto the consumer.
“Either way, the consumer loses out on both choice and value. Annuity rates are already low, and this could be the excuse providers need to pull them even lower.”
ECJ’s ruling extends to this area of insurance, too. From December 2011, women are highly likely to see an increase in the cost of their life insurance, because the statistics that favoured them over men in terms of life longevity are no longer a valid factor. Men are therefore expected to enjoy a 17 per cent saving on their cover, and women to suffer a 20 per cent increase.
She said: “Not all customers will be equally affected as the use of gender can vary significantly between products and different companies. Each company will have to respond to the ban in a way they feel is in their customers’ interests.”
But the news is not all in the favour of females. Annuities have favoured men in the past, as their life expectancy is statistically lower, meaning they would receive a higher pay out based on the same retirement fund as a woman. However, the ECJ’s ruling will prevent annuity providers from differentiating in this way and annuity rates for men are expected to drop by eight per cent.
Life insurance premiums could rise by a fifth when the ruling takes effect, while men are expected to benefit from a 10 per cent saving on their cover.
She said: “Not all the customers will be equally affected as the use of gender could vary significantly between products and different companies. Each company will have to respond to the ban in a way they feel is in their customers’ interests.”
However, only time will tell how British insurers will manage these monumental and historic changes, and the public can only wait in hope that they have enough time between now and December 2011 to level out insurance rates across all areas of the industry, making the insurance industry a truly fairer, more customer-friendly one.
More top car insurance tips including a list of the top womens car insurance can be found at moneysupermarket.com
Tags: car, crashes, Europe, financial, insurance, insurance premiums, law, premiums, women
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Saturday, April 16th, 2011
Life insurance offers a way to provide for your family in the event that you die. You pay a premium to the life insurance company and in return for the small premium, it promises to pay your family thousands of dollars. If you don’t die before you no longer need the policy, whole life policies and return of premium term insurance offer an opportunity to receive money back. While the return of premium term insurance does just as the name implies, returns the premium you paid throughout the years, whole life insurance can give you a return over the funds you paid.
However, which type of insurance is the best for everyone? There is no clear cut answer since each policy type works best in different situations. While the whole life policies cash value is a nice feature, if you need a lot of insurance to cover short term needs and have very little money, the term policy is often the best type of life insurance for your situation. You can purchase large amounts to for very little money.
If you have a mortgage, need money for to finish paying for the expenses of a family in the event of your death or have large debts, term life insurance is often the route to use. However, there are some needs, which simply don’t disappear. The cost of burial is one of them. For this type of need, using a permanent policy is the best. You often can combine a smaller permanent, whole life policy with a term riders to take care of the immediate needs and those that you’ll have forever.
Other situations that require a permanent life insurance policy are estate planning and business buy/sell arrangements. In both situations, the parties can opt for a temporary term policy but eventually, they need to convert to a permanent plan. In estate planning in particular, the policy needs to cover the cost of the death taxes and remain owned by either a beneficiary of the estate or an insurance trust. Since premiums continue to increase as a person ages, purchasing a permanent plan as soon as possible is the wisest move.
Finally, life insurance is one method of saving funds on a tax-deferred basis. People not eligible for a Roth or traditional IRA and in need of life insurance can use the plans as a method of saving. If they need the funds, they don’t have to cash out the policy. In fact, that would trigger a taxable incident. Instead, they can borrow from the policy and never pay taxes on the growth. The difference between the interest accumulated and the interest on the loan is often just a fraction of a percent, far less than taxes. When the insured dies, the company subtracts the loan from the proceeds and there’s no taxable incident.
When looking for the best life insurance plan, looking first to your needs is the most important step. Once you establish your needs, you can then decide between a permanent plan, term plan or a combination of the two. The decision between plans at that point is a matter of cost versus return or simply overall cost.
Jim Collier Insurance is an independent insurance agent Michigan agency based right here in the state of Michigan that has been providing expert insurance agent in Michigan advice to Michigan families for over a decade.
Tags: insurance, insurance premiums, life, premium
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Friday, April 15th, 2011
What does it mean for men and women across the UK with the ECJ’s historic ban on gender discrimination in the insurance industry? Britain’s insurance industry now has the colossal task of completely changing the way it works.
The case challenges the EU Gender Directive’s Article 5 and is brought about by the Belgium Consumers Association. The article in question allows insurers to charge men and women differently based on their sex where it is a “relevant and accurate actuarial and statistical data” and “determining factor” in risk assessment.
This change has been given a lot of media attention as this evening-out of the playing field means that the cost of car insurance policies will significantly increase for women and decrease for men. But what about the rest of Britain’s insurance industry?
With statistical evidence having shown concretely over the years that women are safer drivers than men, the ruling has been met with a great deal of trepidation.
As of the end of 2012, insurers will no longer be allowed to evaluate risk based on a person’s sex, and as a result, premiums for women are expected to rise greatly, while premiums for men are set to reduce.
However, it’s not all good news when it comes to insurance for men. The ruling applies not only to car insurance but across the entire insurance industry, so the ruling will carry some negative implications for them, too.
Annuities
An annuity is usually bought with a pension fund when a person approaches retirement, and with this they are guaranteed an income for life.
Data such as gender, age and health are all used to decide the annual income they can buy with their retirement pot – estimating how long they are likely to live.
According to statistics, women usually live longer than men, and have always generally been offered lower annuity payouts than a men with exactly the same pension fund.
However, the new ruling has changed all this, and will inevitably see men paying more. The Association of British Insurers (ABI) estimates that men approaching retirement will see an 8% decrease in annuity rates, while women will benefit from an increase of about 6%.
In addition, joint annuities, usually purchased by men, are also set to see a price increase, so women who rely on their husband’s pension fund will also suffer a lower retirement income.
George Ladds, head of pensions at Fair Investment Company, has warned that if annuities are to continue to be attractive, the industry will have to rethink how it prices annuities: “Either rates for men and women will be brought in line to create ‘unisex’ annuity rate, which will probably see men’s rates go down more than women’s go up – or annuity providers will have to start looking at each case individually, which is more expensive, and that cost will be passed onto the consumer.” He added: “Either way, the consumer loses out on both choice and value. Annuity rates are already low, and this could be the excuse providers need to pull them even lower.”
Life insurance
Men are more likely to die earlier than women according to statistics, paying higher premiums than women for their life insurance.
The ABI assesses that women will see their premiums rise by as much as a 20%, while men will see an estimated 10% fall on the cost of their cover.
ABI’s acting director general, Maggie Craig, warned women not to reconsider buying cover that they need. “Not all customers will be equally affected as the use of gender can vary significantly between products and different companies. Each company will have to respond to the ban in the way they feel is in their customers’ interests.”
Health insurance
Health insurances such as payment protection policies and critical illness cover, unlike life insurance, cost men less, because statistics say that they’re less likely to suffer illness and claim. This will not be the case, as of December 2012.
Car insurance
The AA and the British Insurance Brokers’ Association both approximate that this will see women paying around one quarter more than they currently do for their car insurance, while younger female drivers will see an even bigger increase.
Describing the ruling as “flying in the face of common sense”, insurance group RSA argued: “It is completely disadvantageous to the very people it was intended to protect and prevents insurers from using a legitimate rating factor.”
MoneySupermarket have more top insurance tips including a list of the top MoneySupermarket.com short term car insurance deals.
Tags: car, car insurance, crashes, financial, insurance, insurance premiums, law, men, premiums, women
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Tuesday, March 15th, 2011
Health Insurance has been in the news quite a bit lately. With recently laws passed, it may be a legal requirement that everybody in the United States obtain some kind of health insurance. If you are one of the lucky ones, then your insurance is taken care of by your employer. But more and more people are finding that they need to take care of their health insurance on their own. In this article you’ll learn about the different kinds of health insurance, so you can make a better decision.
What everybody would like to have is comprehensive health care that pays for unlimited doctor visits, low co payments as well as vision and dental. However, to get such a plan on your own would be extremely expensive, so many people have to make choices and select only those plans that they really need.
Doctor visits is one thing people are cutting back on. Plans that allow for unlimited visits to your doctor are generally more expensive. Also, how much you have to pay out of your pocket, or the co payment, will also affect your rates. Generally speaking, higher co payments and less frequent doctor visits will mean cheaper premiums.
Deductibles are something else to consider. If you have an insurance claim, you’ll have to pay some money out of your pocket before the insurance kicks in. This is called the deductible. High deductibles mean lower premiums, and lower deductibles mean lower premiums.
Coverage limits are basically the cap on your benefits. Anything above this amount, the insurance company won’t pay, and you’ll have to pay yourself. Most caps are set high enough so that you can stay in the hospital for a while without worrying about going over the cap. Of course, with a higher cap, you can expect higher premiums.
One form of insurance that has been getting more popular is catastrophic care. This means the insurance is designed only for accidents, and serious illnesses requiring surgery or prolonged stays in the hospital. You can expect to pay for everything else on your own. The premiums for this kind of insurance are generally fairly low, compared to the rest.
Whichever insurance you choose, make sure it fits exactly what you need. There’s nothing worse than having a medical problem, and having no means to pay for it. The longer you wait to get health insurance, the more expensive it is going to be.
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Tags: co payment, deductible, health, health insurance, insurance, insurance premiums, premium
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