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Too often we read in the newspapers or hear on the television that a family home has been destroyed by fire which has also taken the life of a loved one. That loved one can never be brought back and causes immeasurable grief to the family. The situation is made much worse for the family if that loved one is also the bread winner. The existing debts mount up and there is no source of income to feed the family.
However, there is another method which can be a whole lot easier that what I've just described. E-Policies or online insurance policies are fast becoming the way to apply for life insurance, in fact for just about any form of insurance. There are pros and cons with e-policies, as there are with most things in life, but I'll leave that up to you to decide after you've read this article.
Nowadays, Lloyds of London undertake a similar role for ships and all things relating to shipping. Lloyds of London itself started from simple origins. In 1680, Edward Lloyd opened a coffee shop where most of the customers were ship's captains, merchants and ship owners. The current shipping news of the day was generally discussed and it eventually became the place where cargoes and ships were insured by those wishing to underwrite such sea ventures.
There are some drawbacks with purchasing on line insurance policies that you should be aware of. Online plans are often preset so you can't tailor a plan to suit you or negotiate a change in the premium price. Some customers benefit from having the policy provisions explained fully by an agent before purchasing a policy, something that it isn't available with online plans. As yet, not all insurance providers have an online claims service so that if you need to make a claim, you will still need to contact the company in the normal way.
In 1732, Charles Town, later known as Charleston in South Carolina, was the home of the first insurance company to underwrite fire insurance in the United States.Insurance premiums can be a financial drain on the family or corporate budget. Could we afford to rebuild after a fire destroyed our home? How would we survive if the bread winner of the family became sick or died, leaving debts and no means of support? Are we able to rebuild our business after a natural disaster without insurance cover? We often take insurance for granted but where would we be today without it?
However, there is another method which can be a whole lot easier that what I've just described. E-Policies or online insurance policies are fast becoming the way to apply for life insurance, in fact for just about any form of insurance. There are pros and cons with e-policies, as there are with most things in life, but I'll leave that up to you to decide after you've read this article.
Nowadays, Lloyds of London undertake a similar role for ships and all things relating to shipping. Lloyds of London itself started from simple origins. In 1680, Edward Lloyd opened a coffee shop where most of the customers were ship's captains, merchants and ship owners. The current shipping news of the day was generally discussed and it eventually became the place where cargoes and ships were insured by those wishing to underwrite such sea ventures.
There are some drawbacks with purchasing on line insurance policies that you should be aware of. Online plans are often preset so you can't tailor a plan to suit you or negotiate a change in the premium price. Some customers benefit from having the policy provisions explained fully by an agent before purchasing a policy, something that it isn't available with online plans. As yet, not all insurance providers have an online claims service so that if you need to make a claim, you will still need to contact the company in the normal way.
In 1732, Charles Town, later known as Charleston in South Carolina, was the home of the first insurance company to underwrite fire insurance in the United States.Insurance premiums can be a financial drain on the family or corporate budget. Could we afford to rebuild after a fire destroyed our home? How would we survive if the bread winner of the family became sick or died, leaving debts and no means of support? Are we able to rebuild our business after a natural disaster without insurance cover? We often take insurance for granted but where would we be today without it?
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