No fax payday loans are cash loans that can be obtained quickly without the hassles of faxing extensive paperwork to and from a potential lending agency. Faxless payday loans can get a borrower the cash he or she needs for those untimely emergencies that can catch you between paychecks, or in unexpected financial crisis circumstances. No fax payday loans offer consumers the ability to get cash quickly and easily with the simplicity of online applications via the Internet. Faxless payday loans have helped thousands of people in urgent situations.
In the past, getting a cash advance could mean lengthy credit history checks and multiple documents to fill out and sign. A person in a cash crisis would have to wait for sometimes days to get approval of a small loan, as paper work was faxed back and forth between lenders, creditors, and borrowers. Today, getting cash fast has never been easier with no fax payday loans. No fax payday loans are short-term cash advance loans that can be obtained over the Internet by simply filling out an application online. In some circumstances, getting the emergency cash needed may take less than thirty minutes with faxless payday loans, because once an application is approved, cash can be deposited directly into a person's checking account. A borrower can be notified of their approval of faxless payday loans by email, and can access the cash in their checking account immediately.
While no fax payday loans provide a much needed service to anyone experiencing a short-term financial crisis or situation, faxless payday loans should never be considered as a solution to long term financial stresses. There is generally a substantial fee involved with no fax payday loans, and these fees can accumulate with constant use of payday cash advances. It is understandable that emergencies arise, but chronic financial stress is rarely corrected with the continuance of borrowing money.
The Internet provides excellent information on no fax payday loans or faxless payday loans. There are hundreds of no fax payday loans lending companies listed on the Internet with a variety of terms and conditions for the cash advances. If your are in need of a faxless payday loan, search the Internet and read as much as possible about no fax payday loans before entering into an agreement with a lender. There are also consumer credit counseling services that offer free aid and advice available through the Internet. It is always wise to seek as much counsel as possible when making financial decisions, especially when making financial decisions during a crisis.
Wednesday, August 22, 2007
No Fax Payday Loans and Faxless Payday Loans
Secured Personal Loan
When it comes to borrow some bucks for a personal purpose and that is also without undertaking a heavy burden, you can consider the option of secured personal loan. It is true that secured personal loan will bring your home under the threat of repossession. But just have a look at the terms and conditions of the loan. You are sure to be taken aback!
You can borrow bigger amount at lower rate through secured personal loan. The repayment installment will be affordable and any missed payment will be treated with due leniency. Your poor credit record also will not be an issue in getting approval for the loan. You can also enjoy absolute freedom regarding the usage of the loan. Aren’t these facilities worth the risk you undertake?
Leaving a dream unrealized can make your life miserable. So, may be with a loan, it is better to fulfill a personal need rather than to compromise with your happiness. Whatever may be the need: home renovation, holidaying, car purchasing, debt consolidation, bearing wedding expenditure, financing education, you can realize it with this loan.
Therefore, start shopping, take out a suitable secured personal loan deal and translate your dream into reality.
Conquering the Venture-Killers: Three Essentials for First-Year Practice Success
You've opened the doors to your new practice and you're ready to go. Before you go off on your new business venture, I'd like to tell you about three venture-killers that you need to watch out for. If you can get control of these three areas, you will be successful in your first year; if you don't, you'll be among the statistics of first-year business failures. Here they are:
Conserve: Be careful how you spend your money. The biggest startup mistake is to spend too much money getting started, only to find you have nothing left to pay the bills while you wait for clients or patients to show up. First-year business failures usually are due to lack of "capital." This means they don't have enough money to pay the bills. Cash is King, or, "Cash Rules." Harold Geneen (former CEO of ITT) said, "If you run out of cash they take you out of the game."
When you go to the bank for a loan, you'll be asking for an amount for startup, to pay for the initial assets and fees you'll need to open your doors. You should also ask for an amount for "working capital;" i.e., capital (cash) to work with. Most often, you'll be given a line of credit that you can draw from as you need it. If you spend all of it the first month, on stuff you're just sure you must have, you won't have any to pay your employees (or the rent!) the second month.
The trick is, as one wise doctor told me once, "DSATM" – "Don't spend all the money." Think carefully about "needs" vs. "wants." Do you really need that Blackberry when you have a computer and cell phone at your command all the time? Do you really need the newest, most powerful digital x-ray equipment? Be creative – how could you get it done for a while without spending a lot of money?
Collect: Getting the Money. Your wonderful clients or patients may be flocking to your door. And you may be providing wonderful service for them. But if you don't collect the money they owe you, you could be out of business before you first anniversary. Here are three strategies for assuring you will get your money: 1. Set up the expectation of payment with new patients. From the very first conversation you have with your clients, make certain they understand that they are responsible for paying all bills at the time of service. Just having a sign in your office won't do it. Your staff must talk to the new patient and explain payment procedures. Have the person sign a financial responsibility statement. If there is insurance involved, explain that the patient is responsible for what insurance won't pay, or that you will help with the insurance submission but they must pay you up front. 2. Make it easy for people to pay and keep reminding them of their obligation. Set up a script for all patients as they are leaving "How will you be paying today, by check or credit card?" Offer credit and debit card payment options. Offer payment plans for slow or no-payers. 3. Review your Accounts Receivable Aging report monthly and set up a process to get payment from slow payers. The cardinal rule of collections is "The longer the bill has been outstanding, the less likely you are to get paid." Be prepared to follow up and send an account to a collections agency or take it to small claims court.
Connect: Establish Relationships with Patients and Clients. This one is the most important and also the most difficult; without connection, you won't have the patients or clients to provide the income for your practice. The more quickly you can connect with people, the more people will come to your practice, and the more people will stay. People will continue to come to your practice if they are receiving value, and if they feel they are liked and appreciated. Learning how to connect with people is a skill, that comes with practice. Three quick tips for connecting: 1. Remember names; people love it when you remember their name. 2. Learn to listen; really listen to what people are saying, about their fears and joys and about what matters to them. 2. Find something common and remember it. If you can learn how to connect with people, manage collections, and keep your spending under control, you can have a great first year in practice!
Credit Cards - Can You Really Live Without Them?
In 2007, having a credit card is no longer a luxury or even a convenience - it's a necessity. You can't rent a car, check into a motel, or order online without a credit card. If you want a cell phone, you'll probably have to purchase prepaid minutes - at a premium - unless you have some plastic with your name on it. And without a credit card, you either have to carry around a lot of cash, make frequent trips to the bank, or hope that the stores you patronize will accept your personal checks.
Credit Cards Can Be Lifesavers in the Case of an Emergency
Worst of all, people who lack sufficient access to credit are the most likely to use payday loan services. Later in this series we will explore this subject in depth, but for now, just consider this: If a single mother is hit with a sudden, unexpected expense - say a car repair for $600 - what can she do if she doesn't have the money? She needs the car to get to work, and she doesn't know anyone who can afford to lend her the money out of friendship. So she decides to use the local payday loan shop and ends up paying a 530 percent APR (annual percentage rate) interest. If, instead, she had a credit card with at least $600 of available credit, she wouldn't have had to use the payday charlatans, and would have paid a much, much lower interest rate. Many people who use payday loan services, even once, fall into an inescapable spiral of debt, where they work all week to pay back their payday loans, and then have to take out new payday loans to meet their weekly expenses. People who use their credit cards responsibly never fall victim to this scenario.
Credit Cards Can Help With Budgeting
Credit cards help spendthrifts easily track their expenditures. One simple technique is to use one credit card to automatically pay your recurring monthly expenses (phone, cable, utilities, etc.), another to buy your groceries and gas, and a third for all other expenses (entertainment, eating out, etc.). When you get your bills each month you can compare how much you spent on your wants versus your needs and make adjustments as necessary.
Protections Offered by Credit Cards
Although the media likes to focus on the "epidemic" of identity theft, the truth is that using a credit card is much safer than using cash, a check, or virtually any other means of exchange. If you're carrying cash and your wallet is stolen, you'll never see a dime of your money. If a merchant cashes your check and refuses to grant you a refund, chances are, you're out of luck. But in either scenario, using a credit card would have offered you protection.
If, for example, your wallet full of credit cards is stolen, you will not be liable for any more than $50 of fraudulent charges, per card. This is the legal limit, but in reality, most card issuers don't even hold you liable for the first $50 - they just stick the merchants with the bill. And if a merchant refuses to give you a refund that you deserve, you can file a "chargeback," in which the credit card company will side with you 99 percent of the time. Paying in cash or with a check offers no such protections.
Your Credit Card - Don't Leave Home Without It
Credit cards are ideal for traveling abroad because they automatically convert to the local currency. This means you won't have to waste time with the money changer or carry around several foreign currencies, and of course, not carrying cash makes you much less susceptible to pick-pocketing.
The main thing to understand is that credit cards can be wonderful tools that greatly enhance our lives. All that we need to do is be informed, active, and responsible users of these powerful little pieces of plastic.
Sunday, August 19, 2007
Truck Insurance
Truck Insurance is setup to recover the recover any miss happening that may happen to your truck. So many Owner Operators express their frustration at working on the road, caring for their family and then the effort of being a business person at the same time. Our family business is designed to be there for you online, to assist with your commercial truck insurance while you are on the road.
The benefit of helping you determine your coverage is important to assure that you do not get caught with a hole in your program by just focusing on a cheap quote. The different tractor trailers and trucks all have unique needs. The agency you buy from should be equipped to help in areas from one extreme to another. From people with Classic Trucks to High Risk Drivers to those who even have antiques.
What kind of things are people insuring? A wide variety such as semi, tow, dump, long haul, reefer, motor cargo, and big trucks of all sorts. The need to keep the goods in the country moving is not only profitable for you but is a real need that benefits all! Have you considered that? It is the truth. Wheels care and feed all of mankind and assure the world of mankind is cared for.
The
Private Mortgage Insurance
If your mortgage company is requiring Private Mortgage Insurance with your loan there are ways around paying for this insurance. Private Mortgage Insurance does nothing to protect the homeowner and can add hundreds of dollars to your monthly mortgage payment. Here is one way to avoid paying for Private Mortgage Insurance.
Mortgage lenders are usually required by Fannie Mae and Freddie Mac to have Private Mortgage Insurance on all mortgages with loan-to-value ratios greater than 80 percent; however, lenders that do not sell mortgages on the secondary market can offer loans without Private Mortgage Insurance. The catch is that these no Private Mortgage Insurance lenders typically price their loans .5% higher than the prevailing market rates.
Will this higher mortgage rate save you money? It depends on your situation and how much more the PMI premium will add to your payment. There is another factor to consider when opting for a higher mortgage rate; you gain a tax advantage with the no Private Mortgage Insurance loan because PMI premiums are not tax deductible. On the other hand, you are able to terminate your Private Mortgage Insurance after your equity reaches a certain level and the lender may do it sooner if your payments have all been paid on time.
The decision to pay a higher mortgage rate or take Private Mortgage Insurance is not clear cut for every homeowner; however, you may be able to save money with a higher mortgage rate and the option to refinance down the road.
The Loan Process
The loan process is simply a means of evaluating one's creditworthiness, one's cash flow and assets, and project forward one's ability to handle new debt, for a property of verified value, all of which culminates at a signing by the borrower coordinated by a title or escrow company.
Conversely, if one has no credit history, no cash flow or assets, or a property which will not support an expected value, one will have a devil of a time obtaining a loan regardless of anyone's pure motivations or good intentions.
Mortgage lenders come in all shapes and sizes, and abilities. Obtaining a real estate license is a low barrier to entry, so borrowers should be careful where they place their trust, as in any marketplace.
One should seek people with proven success in managing detail-oriented activities because the mortgage origination business is all about details.
In order of priority, find someone who is worthy of your trust. If you would not trust the person with your health, why would you trust anyone with your financial health, because that is what a mortgage represents.
Secondly, since your private financial inner self will be revealed to this person, you need to make sure that the person has your privacy as their utmost concern.
Next, recognize that you will be engaging your mortgage person's time and effort, so please be honest and upfront with them if you do not wish to do business with them. It will save them time and money and save you from feeling guilty about using someone's time and energy.
Once you have made your decision, be quick in giving the person all of the required information. Obtaining a loan is a time sensitive activity (Time is money and money is time.)
Your service provider will attempt to gather your name, address, SSN, value of your property, and amount of your loan. Next, the credit scores will be obtained from 3 credit bureaus. An application will be required to be signed as well as disclosure documents. Your W-2s from the last two years will be required, your most recent month of pay stubs will be required and two months of bank/asset statements will be required at a minimum. (If you are self-employed then tax returns will be needed.)
The sooner you can get this information to your broker, the better. Once the broker has this, your loan will be "locked" which is a requirement by a given lender who is going to "commit" to a particular interest rate for a period of time. When demand is high, commitments can be 60+ days, when demand is moderate 45 days, when demand is average, 30 days. In today's marketplace, the average is 45 days.
Once locked, the loan package will be given to a setup person to obtain an electronic approval, prior to submission to the lender of choice. Each lender has their own requirements, so the process gets tricky when lenders each have their own quirks. Experienced processors can help reduce last minute problems caused by lender changes in policy or procedures.
The lender's underwriter will take an average of between 5-10 days to give an approval, at which point, the lender is then instructed to draw up the documents and send them to the title company. At this point, the title company will typically send an estimated closing statement to the broker who will review it and hopefully discuss it with the borrower. This document is called a HUD-1 form (Housing and Urban Development, HUD).
The items listed on this form will be all of the fees associated with the transaction. Rule of thumb, these fees will typically total 0.75-1.1% of the loan amount, averaging 1.1% of the loan amount when the amount is above $250,000. These fees would be expected to be paid by the borrower unless the broker agreed to pay for all Non-Recurring Closing Costs (NRCCs) from the rebate which is paid to the broker by the lender, for originating the loan.
During times of decreasing interest rates, the lower the fees, the easier it is to get people to refinance their mortgages, so the "No Point/No Fee" loan has become popular in the past few years as competition has enabled borrowers to reduce rates by shopping around.
Saturday, August 18, 2007
Pay Day Loan
Get Fast Cash-Pay Day Loan
If you've got money problems, you don't need to add to them by the hassles involved with getting a typical small loan. Pay Day Loan online keep it simple and easy. Even if you have bad credit, most people can qualify and approval takes just minutes. The Internet makes the process convenient and pays day loans online makes getting cash fast.
Pay Day Loan avoid typical loan credit requirements because they're an advance that's secured by a paycheck. The paycheck can be from your job or from fixed-income payments, such as government assistance. The income must be a minimum net of about $800 to $1000 a month.
Another qualification for pay day loans is that you have an active checking account. The account also needs to have been created at least a month previously. And although your credit isn't checked when you apply for the loan, your bank statement is. Anyone with a record of writing bad checks probably won't get a loan.
Your age and your residency are the last two basic requirements for getting pay day loans online. Your age has to be 18 or older and depending on the loan company.
Types Of Insurance
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Any risk that can be quantified probably has a type of insurance to protect it. Among the different types of insurance are:
1) Automobile insurance: Its also known as auto insurance, car insurance and in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the vehicle itself. Over most of the
2) Life insurance: Life insurance provides a cash benefit to a decedent's family or other designated beneficiary, and may specifically provide for burial, funeral and other final expenses.
3) Boiler insurance: Boiler insurance is a type of property insurance that pays accidental losses to machinery and equipment. Although it is called boiler insurance it can actually cover just about any device that uses, transmits or generates mechanical or electrical power; of course certain exclusions apply.
4) Casualty insurance: Casualty insurance insures against accidents, not necessarily tied to any specific property.
5) Credit insurance: Credit insurance pays some or all of a loan back when certain things happen to the borrower such as unemployment, disability, or death.
6) Financial loss insurance: Financial loss insurance protects individuals and companies against various financial risks. For example, a business might purchase cover to protect it from loss of sales if a fire in a factory prevented it from carrying out its business for a time. Insurance might also cover failure of a creditor to pay money it owes to the insured. Fidelity bonds and surety bonds are included in this category.
7) Health insurance: Health insurance covers medical bills incurred because of sickness or accidents.
8) Liability insurance: Liability insurance covers legal claims against the insured. For example, a homeowner's insurance policy provides the insured with protection in the event of a claim brought by someone who slips and falls on the property, and brings a lawsuit for her injuries. Similarly, a doctor may purchase liability insurance to cover any legal claims against him if his negligence (carelessness) in treating a patient caused the patient injury and/or monetary harm. The protection offered by a liability insurance policy is two-fold: a legal defense in the event of a lawsuit commenced against the policyholder, plus indemnification (payment on behalf of the insured) with respect to a settlement or court verdict.
9) Total permanent disability insurance: Insurance provides benefits when a person is permanently disabled and can no longer work in their profession, often taken as an adjunct to life insurance.
10) Locked Funds Insurance: Locked Funds Insurance is a little known hybrid insurance policy jointly issued by governments and banks. It is used to protect public funds from tamper by unauthorized parties. In special cases, a government may authorize its use in protecting semi-private funds which are liable to tamper. Terms of this type of insurance are usually very strict. As such it is only used in extreme cases where maximum security of funds is required.
11) Marine Insurance: It is covers the loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier.
12) Nuclear incident insurance — damages resulting from an incident involving radioactive materials is generally arranged at the national level.
13) Environmental Liability Insurance: It is protects the insured from bodily injury, property damage and cleanup costs as a result of the dispersal, release or escape of a pollutant.
14) Political risk insurance: Political risk insurance can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions will result in a loss.
15) Professional Indemnity Insurance: Professional Indemnity Insurance is normally a mandatory requirement for professional practitioners such as Architects, Lawyers, Doctors and Accountants to provide insurance cover against potential negligence claims. Non licensed professionals may also purchase malpractice insurance; it is commonly called Errors and Omissions Insurance and covers a service provider for claims made against them that arise out of the performance of specified professional services. For instance, a web site designer can obtain E&O insurance to cover them for certain claims made by third parties that arise out of negligent performance of web site development services.
16) Property insurance: Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance or boiler insurance.
17) Title insurance: Title insurance provides a guarantee that title to real property is vested in the purchaser and/or mortgagee, free and clear of liens or encumbrances. It is usually issued in conjunction with a search of the public records done at the time of a real estate transaction.
18) Travel insurance: Travel insurance is an insurance cover taken by those who travel abroad, which covers certain losses such as medical expenses, lost of personal belongings, travel delay, personal liabilities. etc.
19) Workers' compensation: Workers' compensation insurance replaces all or part of a worker's wages lost and accompanying medical expense incurred due to a job-related injury.
20) Terrorism insurance: Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities.
It is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very difficult to predict and the potential liability enormous. For example the September 11, 2001 attacks resulted in an estimated $31.7 billion loss. This combination of uncertainty and potentially huge losses makes the setting of premiums a difficult matter. Most insurance companies therefore exclude terrorism from coverage in Casualty and Property insurance, or else require endorsements to provide coverage. A risk manager looking for terrorism coverage is going to be facing quite a search. Some commercial insurers are offering terrorism insurance, despite the lack of a federal terrorism backstop and inaccurate techniques for modeling the risk. In general, the policies are restrictive and limited to a select few policyholders. Insurers are being very selective about who they underwrite and have only a very limited capacity to write this coverage, especially since no backstop has yet been approved in
Some of the language on the terrorism policies tends to be somewhat overly restrictive. For example, things like riot and vandalism would be covered, but if someone does it for a political cause they would not be covered. The pricing of the product, since early December, has moderated drastically. Some of the underwriters are willing to offer more reasonable terms. The quotes that have been seen earlier were in the area of half of one percent to five percent rate online. If you're buying $10 million in limit, it was costing you somewhat in the range of $50,000 to $500,000. Recently, that range has moderated from two-tenths of one percent to 2 and half percent. The price of the policy really depends on where the clients are residing and how much limit they buy.
Health Insurance
After undertaking sundry assignments from contract farming and book-binding to data entry outsourcing deals, about 65,000 women self-help groups (SHGs) in Kerala are gearing up to enter the boardroom. By next fiscal, Kudumbasree Anti-Poverty Mission (Kerala SHG) will float a company special purpose vehicle to make the most of the microfinance pie.
And make no mistake, well-known micro financing expert, Vijay Mahajan, has been roped in to run the show. Mr Mahajan, an IIM-A alumni, is executive director of the NGO, Basix. Besides Mr Mahajan, several experts have been persuaded to work as directors or consultants for Kudumbasree Mission’s company. The company will be in place in four months, sources told FE.
For too long, micro financing fund flow has been in stuck in a so-near, yet- so-far situation. For instance, only last year, Kudumbasree Mission had to shrug away a badly-needed Rs 10-crore government guarantees because of its ensemble as a society. “The changed legal status would entitle Kudumbasree to 2% interest loans to zero-cost loans from international agencies like Unido,” TK Jose, director, Kudumbasree said.
This would also give it operational ease in accessing finance from international NGOs, like Microsave.
Besides the 51% stake by Kudumbasree mission, the state government is taking 24% equity. Banks, like StateBank of India and ICICI bank, and agencies like Sidbi and Nabard are already in the race to pick up 26% balance stake in the new company.
In Kerala, the loan recovery rate in SHGs is the highest — 100% compared with 95-98% in other states. From 71% in 1998, the consumption component of microfinance shrunk to 12% by 2005, indicating a tilt towards entrepreneurship.
Last year, Kudumbasree had gone for a housing product, Bhavanasree, in tie-up with nine banks.
Last month, in a tie-up with ICICI- Lombard, Kudumbasree also brought 25 lakh poor women under health insurance cover, in the biggest insurance micro financing initiative in the country.
“It’s been a soft-pedalled revolution, but Kudumbasree needs to blossom to new microfinance products,” says Annette Busque, finance expert, Bank of America.
A World Bank working paper, too, indicates that increased resource management capacities should translate to scaling up.
“More than the capital access,” says P Vijayamma,an anganwadi worker involved with SHGs, ”the company framework could bring HRD miracles to careers of poor women.”
Medical Insurance
The medical insurance costs in
If you meet people who work minimum wage jobs, many of them have not been to a dentist in years. They just don't have / can't afford coverage. Some of them are not offered medical insurance as an option and some pass up the coverage as the cost puts them in a deeper hole in trying to live from paycheck to paycheck.
It is a sad commentary on Capitalism.
The lawmakers have to look at making exceptions and, like the other developed countries, socialize medical coverage. You cannot have a populace that is running around with broken/missing teeth. People should go to a doctor when required and not when possible. I lived in
When one is unable to attend to a medical situation for oneself or a loved one, it creates a certain level of anxiety in the mind. As the sufferer, that you are unable to have the underlying cause of your medical problem cured. Instead, you end up seeking advice from other similarly situated unfortunate souls and look at OTC / herbal remedies.
The argument against universal healthcare is that the government will mismanage it. As though it is being managed by the private sector properly! It is just that there are so many layers such as employers, deductibles, co-pays, insurance companies, doctors, malpractice insurance, frivolous lawsuits, ambulance chasing lawyers, pharma companies, pharma advertisements, claim denials and cafetaria plans that you don't know where to put the blame. Also, the lawmakers pass their hats around to many of these layers for their election campaign funding and mouth whatever that industry wants them to say.
I go to a doctor for a superficial skin infection. I get an appointment after 3 weeks. An assistant / trainee checks me and the doctor spends all of 3 minutes with me. When the claims are settled, I find that the doctor has charged $250 to the Insurance company! Then, I take the prescription to the pharmacy. They charge $100 for a the ointment. My co-pay is $20! This is just crazy. I have decent medical insurance for me and my family. What about those that don't have the coverage. Would they even get an appointment with a good doctor (the front office girls are trained to find out the kind of insurance coverage and then fix an appointment)? Even if they get it, how often can they afford it?
So, you have at least 50 million people in the richest country in the world going about their daily life without appropriate medical attention.
The whole system is broken. HMOs are a joke. Too many layers are trying to make money. Too many people have the additional anxiety of hanging on to jobs they don't like just for the benefit of medical insurance offered by the employer. Universal coverage is the only answer. At least there is a basic coverage. Countries like
God knows who will initiate this. The one most affected are working too hard and suffering silently. This is a basic human right. Any country that denies it is denying some of the basic human rights for its own citizens
Motor Insurance
SORRY!!
Motor Insurance Cover Does Not Pay When The Damage Is Due To ACT OF GOD.
Some years ago God was not to happy with one my friend, or maybe, he had to pay his karma. It was very rainy day and it was pouring like cats and dogs. He was driving along Bukit Timah road for an appointment. This was about 20 years back. As the storm was very strong, it caused a huge branch from one of those trees that lined up the road, to break off. Unfortunately, this branch fell on to his new car, which was an about one & half year old. By the grace of god nothing happened to his life or body, however, his car was badly damaged. As per normal what most of us will do, he contacted his auto Insurance agent, to inform him about the motor accident. He received a very bad shock, when the agent told him that his Auto insurance did not cover such accident. The agent explained that this being an act of god, auto insurance does not cover the damages. It was a sleepless night for my poor friend.
The following day another Insurance agent called him. This agent was from a life insurance company. He said that he read the accident in the Straits Times and wanted to meet him for lunch, to discuss some options. Well, he met this agent for lunch, after, hearing his story the agent pulled an auto insurance contract and showed him the clauses in the auto insurance of the so call "ACT OF GOD" The agent told him the fortunately nothing happened to his life or limbs. Can you imagine what would have happened to your family, if the unforeseen happened? Thanks god, that he saved your life. Still puzzled, over the "ACT OF GOD" he thank god for keep him in one piece.
Well to cut it short, I am sure you will know what happened thereafter; the agent sold him a life insurance policy which he is still keeping it. From Auto Insurance to Life insurance. Ha! Ha!
