Car accidents are the least desirable thing that could happen to a motorist. No one ever wants to happen it to them. But this seems to be not the case to everyone. There are those who would risk their lives – and the lives of others- in desperate plea for an insurance claim.
Axis Capital, with a group of insurance and reinsurance companies from its main branch in Bermuda to its branches in the United Kingdom, United States, Singapore and Australia, has these warning signs for you to avoid being scammed by staged car accidents:
Types of Accident Scams
1. The T-Bone Accident
In this scenario, a scam artist will wait for your car to proceed through an intersection and then jam the gas pedal and T-bone your vehicle. When the police arrive, phony witnesses, also known as “shady helpers,” will then claim you were the one who ran the stop sign or traffic signal. This kind of scam mostly happens in traffic-congested areas such as the central Jakarta, Indonesia or Tokyo, Japan.
2. The Wave
In this scam, the other driver will notice your attempt to switch lanes and subsequently wave you ahead. As you attempt to maneuver into the lane, he will accelerate, causing a collision with your car. When the police arrive, he will deny ever providing a courtesy wave, placing you at fault.
3. Dual Turn Sideswipe
A driver in the outer lane of the dual turn rams into you if you go even the slightest bit out of the inner lane as the two of you are making your turns. They may also drive a bit into your lane and swipe your car and then blame you.
“Witnesses” working with the con artist may corroborate his story.
4. Brake Slam
This simple scam involves the driver in front of you slamming on their brakes for no reason so that you cannot avoid rear-ending her vehicle.
5. Swoop and Stop
In this scenario, a car will suddenly pull in front of yours and stop. Another vehicle will simultaneously pull up alongside your car, preventing you from swerving to avoid an accident.
6. Phony Injuries
In any fraudulent accident, you may find yourself on the hook for injuries you didn’t cause. The con artists and their passengers may collaborate with a shady physician or chiropractor and file personal injury claims for phony injuries.
Some may even visit legitimate doctors and claim whiplash or other “soft tissue injuries,” which are difficult to detect.
Staged car accident scam artists are vulnerable to facts. The more information you provide, the more equipped you are to fight an insurance scam.
We sometimes find ourselves unemployed for some reason. It may either be we want to explore another field of our expertise or for untoward accidents like health issues. Axis Capital, with a group of insurance and reinsurance companies scattered around the world from its main base in Bermuda to Singapore, Australia, United Kingdom and more than 10 states in the United States, emphasizes the importance of getting unemployment insurance during the times of strict financial needs and jobless days. The question is, are you qualified enough to take advantage of UI?
Depending on the law in each city, UI is often given for 3-6 months of unemployment. In developing cities like Jakarta, Indonesia, Singapore and Kuala Lumpur, Malaysia, the insurance can last until a year provided that the reason is valid. It is best to review the stated respective decree in your location to avail the said insurance. An individual must meet all unemployment insurance (UI) eligibility requirements in order to receive benefit payments. Eligibility requirements must be met when a UI claim is filed and whenever a certification is submitted before benefits can be paid by the Employment Development Department (EDD).
An individual who files for UI benefits must meet specific eligibility requirements before benefits can be paid. Individuals must:
• Have received enough wages during the base period to establish a claim.*
• Be totally or partially unemployed.
• Be unemployed through no fault of his/her own. This includes no record of complaints, termination or negative records.
• Be physically able to work.
• Be available for work.
• Be ready and willing to immediately accept work.
• Be actively looking for work.
• Be approved for training before training benefits can be paid.
Employers report wages to the EDD for each employee. The EDD uses this information to decide if an individual earned enough wages in a base period to establish a UI claim.
An individual must meet eligibility requirements each week that they certify for benefits. Individuals must be:
• Physically able to work.
• Available for work.
• Ready and willing to immediately accept work.
• Actively looking for work each week benefits are claimed.
An individual must certify for benefits by submitting a certification online, over the phone, or by mail. If the information on the certification shows that the individual did not meet eligibility requirements, the EDD will schedule a phone interview. Based on the information obtained, benefits may be reduced or denied. An individual who disagrees with the EDD’s decision to reduce or deny benefits may file an appeal.
We know there are still people out there who are still wondering what home insurance is and are planning to get one. However, before you get one, Axis Capital with a group of insurance and reinsurance companies all over the world provides you this check list to review and consider about the mutual relationship of your home and insurance.
First off, the home of your dreams may be a nightmare to insure if it’s built in a disaster-prone area, is above a certain age or has a checkered claims history. It doesn’t necessarily mean you can’t find homeowners insurance anywhere, but you may end up paying a steep price for it.
- Homes in disaster-prone areas
We have thousands of disasters every year. From tsunamis in Sumatra affecting lives to almost all islands in Indonesia including Jakarta in 2004 to earthquakes in Japan losing millions of dollars and hundreds of lives in 2011 to typhoon Katrina which devastated not only America but other countries as well, insurance companies have the reason to insure their own business. Take precautions, listen to warnings and make preparations.
- Older homes
You love the charm of your 1920s bungalow or Victorian-era home, but the age and style make them harder to insure. Insurers also are likely to shy away from insuring your home if the electrical system and plumbing haven’t been updated or the roof hasn’t been replaced.
- Vacation homes
Your vacation home may be your own personal retreat, but because it’s unoccupied much of the year; it can be a challenge to insure. Installing a burglar or fire alarms will help you decrease your risks and may give you a little leverage in your insurance.
- Homes with a trampoline or pool
Having a swimming pool or trampoline might make for good summertime fun, but your homeowner’s insurance company may see them as an “attractive nuisance” that can tempt children to come into your yard when you’re not home.
Putting a locked fence around your pool and having a net around your trampoline could help reduce risks.
- Homes with certain pets
You may find your insurer will set limits on the amount it will pay for a dog-bite liability claim, with you having to pay the rest out of pocket, or even deny you coverage if you own certain breeds, such as a pit bull. In some cases you can only get coverage if you take your dog to obedience classes or make sure he’s restrained.
According to Axis Capital, a group of insurance companies around the world with its main location in Bermuda, in North America alone, $58.5 billion are spent annually for our beloved 4-legged and furry friends. Vet Care being the third largest expenditure in the category costing pet owners to spend $15.25 billion during health check-ups, illness or death of pets.
As the cost of maintaining pets are also getting, well, costly, insurance company also made it a point to take care of our budgets by creating the Pet Insurance Plan to lessen the complaints against the aggregating demand for animal health practices.
Pet insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if it is lost or stolen.
As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets’ health care and standard of living than previously, the market for pet insurance has increased.
Far from the knowledge of people that pet insurance started in America, reviews and reports say that the first pet insurance policy was written in 1890 by Claes Virgin. Virgin was the founder of Länsförsäkrings Alliance, at that time he focused on horses and livestock. In 1947 the first pet insurance policy was sold in Britain. As of 2009, Britain has the second-highest level of pet insurance in the world (23%), behind only Sweden. In 1982, the first pet insurance policy was sold in the United States, and issued to television’s Lassie by Veterinary Pet Insurance (VPI). Developing cities like Singapore, Jakarta, Indonesia, Beijing, China and Tokyo, Japan are also planning to create policies for Pet Insurance in the new future.
Pet Insurance Structure
Pet insurance often has multiple deductibles – one deductible per incident and an annual deductible. In our research, annual deductibles ranged from $100 to $250 per year. The higher your deductibles, the lower the payment so pick a deductible you can comfortably afford.
Tiers of Coverage
Pet insurers structure their coverage in tiers; the higher you go, the more types of problems are included in coverage. Think about your pet’s general health and also whether its breed is subject to characteristic medical issues that could suggest you should purchase one of the higher tiers. Let’s compare two popular insurers.
Veterinary Pet Insurance
Veterinary Pet Insurance, better known as VPI, has three tiers of pet insurance. Its Injury Plan covers injuries, but not illnesses. The Medical Plan, as VPI calls it, covers basic coverage for accidents and illnesses, including cancer. Its Major Medical coverage has higher benefit allowances and covers limited hereditary conditions after the first year.
For more information about the insurance coverage, please see this link http://www.wattpad.com/71545843-category-axis-capital-group-tips-to-avoid-fraud or visit our website.
Bermuda – Medical costs in the United States are very expensive and prescriptions are no different. To keep your medical cost low and your body healthy, know the rules on how international students can take advantage of privileges for foreigners. Federal and state laws require that international students maintain adequate health insurance while attending universities.
While many other developing cities and countries like Jakarta, Indonesia, Kuala Lumpur, Malaysia and Saudi Arabia bear the expense of health care for their residents, individuals in the United States are responsible for these expenses themselves. A single day of hospitalization can cost thousands of dollars. A good insurance policy gives you access to excellent medical facilities and provides protection against the enormous costs of health care.
There is a wide variety of health insurance plans for international students to choose from and each plan will fall into one of the following two categories. Know which category your plan fits into so when the need strikes you know how to obtain your prescription.
1. Individual Insurance Plan
If your school does not require you to purchase a specific plan you can find and purchase the health insurance plan of your choice. Make sure to choose a legit insurance, though, there are a lot of fraud insurance who victimized foreign and young people. If you’re not sure how to file a claim contact Axis Capital Group or insurance agent for assistance.
1. School Group Insurance Plan
Your school might have a group health insurance plan that they allow or require you to enroll in. If you need a prescription while on your school’s group insurance plan you will more than likely be able to obtain it in the same way that those on an individual plan can.
If you receive a prescription card after buying your health insurance coverage make sure you show the pharmacist your card when picking up your prescription. To confirm the prescription coverage on your school’s group plan please request these directly from your school.
If your school has a group plan they will either:
i. Allow you to voluntarily enroll.
ii. Require you to enroll.
iii. Allow you to waive the school plan when comparable coverage is available.
Whether you have a school group plan or an individual plan it’s important to find out how much prescription coverage your plan includes. Review your insurance plan documents to confirm your out-of-pocket expenses including co pays, deductibles and coinsurance. Ensure that you also take note on the difference in cost when you visit a provider that is in-network, as opposed to a provider that is out of network. If you are currently taking medication you’ll also need to find out if it will be covered & don’t forget to research plan exclusions and waiting periods, as pre-existing medical conditions may not be covered.
What Should You Look For when Buying Health Insurance?
Knowing what to research and review when choosing an international student health insurance plan is the first step to finding the right package and plan for your needs. You will need to consider:
• Affordability – can you keep up with the payments?
• Flexibility– do you have an option to upgrade or change your policy?
• Medical Exams – how often do you do this and is this included in the terms?
• Eligibility – what specific criteria or requirements are the insurance company looking for?
• Travel assistance – does the insurance company extend its benefit to foreign students?