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Child Insurance: The Biggest Player In Insurance

10 February, 2010

What’s the latest buzzword in life insurance? Yes, it’s child insurance.

In 2008-09, almost a fifth, or almost Rs 18,000 crore, of the new business premium income came from child plans. Insurers expect that growth of this segment will be faster than the industry average.

Poonam Dosi, head, product and customer management, InsuranceMall, told: “Now parents are very concerned about a child’s education and protection. Above a

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Air New Zealand to offer beds in economy class

9 February, 2010

Air New Zealand is to offer passengers beds in economy class on some flights later this year and has designed what it calls a Skycouch.

The beds, which are formed by footrests and consist of blanket and pillows, will be available on the airline’s new fleet of Boeing 777-300. They will be big enough for a couple or a couple with a small child and will take the space of three normal economy class seats and cost two seats at standard prices and a third at half price.

The airline says the couches and a general makeover of the cabins in the new planes is aimed at revitalising long haul travel. Read full post…

Do you need a passport to travel to Mexico City?

6 February, 2010

Mexico City is one of the most popular travel destinations for Americans because it is a wonderful city with numerous great attractions. In order to have a safe and hassle-free trip, it is important for American travelers to find out about the travel documents required to gain entry into Mexico City.

In the past, only Americans who are traveling to Mexico City by air needed to have a passport. Those who are traveling by land or sea only needed to show their driver’s licenses or birth certificates. A

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Special Equipment Coverage

6 February, 2010

In many cases, when someone buys a vehicle, they will leave it as is.  But, for those who do customize their car, or buy one that has already been modified,  they need added protection for their investments into the vehicle.  Aftermarket parts for cars are becoming more popular, especially in the electronics department.  When people travel long distances, they like to have entertainment along the way.  For example, a custom stereo system with built in TV’s in the headrests so that everyone has some additional entertainment during their ride.  Systems such as these typically cost at minimum $1000 up to several thousand of dollars.

When you purchase comprehension or collision coverage, up to $1000 of added parts to your vehicle is sometimes  covered by the standard policy.  Anything above $1000 is generally not covered, and coverage for some items is specifically excluded.  So if you plan to add parts or features to your car, you should consider adding special equipment coverage if you want to recover the cost should you be involved in an accident or there is a theft.  If you don’t add this special coverage and your car is totaled, you will not be reimbursed for the added equipment.

Below is list of items that can often be covered under special equipment coverage:

  • Custom paint work.
  • Anti-theft systems not installed by the vehicle manufacturer.
  • Special tires and wheels.
  • Custom interior modifications (leather seats or racing seats, not installed by the auto manufacturer.
  • TV’s, radios and other electronic devices that are permanently installed in the vehicle.

Here is a list of items that typically will not be covered under special equipment coverage:

  • Radar detectors.
  • TV’s, radios and other electronics that are not permanently installed in the vehicle.
  • CD’s, tapes and the cases that are used as storage.

For more information about special equipment coverage please contact and AIS representative today or see www.aisinsurance.com.

Homes face under insurance risk by under valuing jewellery

6 February, 2010

British consumers risk leaving their jewellery and other treasures underinsured to the value of around 4.9 billion because the cost of gold has risen by a quarter in the past twelve months, says a leading specialist insurance provider.

The RIAS Golden Age’ study found that there are more than 112 million items of gold in homes across Britain, with an average total value of 1,189 per household, giving the total value of gold jewellery and other items owned by UK consumers to be 19.7 billion.

However, almost two thirds (61 per cent) of these gold owners have never had any of their jewellery valued. Read full post…

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