LV= paid out 93% of critical illness (CI) and income protection (IP) claims in the 12 months to June, with total payouts of almost £9 million and £12 million respectively.
One per cent of IP claims and 3% of CI claims were rejected as a result of non-disclosure.
The mutual puts the average age of an IP claimant at 44 years and the average age of a CI claimant at 47 years, with mental disorder the most common reason for an IP claim (30%), and cancer the most common reason for a CI claim (58%).
Over the year, the average annual benefit for an IP claim stood at £14,389, which will typically be paid out for just over seven years.
LV=s head of protection, Mark Jones, comments: Our consistently high percentage of paid claims illustrates our firm commitment to supporting people in difficult times, and through processes such as our tele-interviewing service and intelligent underwriting, we continue to see a very low number of claims declined for non-disclosure.
He adds: We are also proud to be one of only a few providers publishing IP claims data.
A Highway Loss Data Institute study released this week found that new vehicle technology may provide a solution for low-speed crashes. Drivers who frequently commute in environments known for bumper-to-bumper traffic finally have access to technology that could prevent rear-end collisions.
The auto insurance industry-funded study found that the 2010 Volvo XC60 outfitted with City Safety, a collision avoidance feature, is less likely to be involved in a low-speed, front-to-rear crash than other mid-sized SUVs without the system.
In fact, there were 27 percent fewer auto insurance claims reported for the XC60 than comparable vehicles while specific bodily injury claims were 51 percent less frequent.
The technology works by automatically braking to avoid a front-to-rear crash when traveling at speeds of about 2 mph to 19 mph.
There’s no doubt that car ownership can be a bit perplexing. But some folks have more of a difficult time with it than others. Let’s check out the 10 crazy Fail Yahoo! Answers out there from Yahoo! Answers that relate to autos and auto insurance.
1. Car Explosion Fail
2. Dumb and Shallow Fail
3. Engine Fire Fail
4. Weed Smoking Fail
5. Poop Fail
6. Fire in the Winter Fail
7. Texting While Driving Fail
8. Sex While Driving Fail
9. Fra
When applying for car insurance, one of the most important questions you’ll receive from the company is, “Have you had a violation in the past # of years?” For some companies, it may be five years and for others three, but no matter what, if you check “yes” next to that question, you are probably biting your nails in anticipation of what your car insurance quote will be.
Since many people don’t conduct comparison quotes to determine whether a violation has increased their rate or not, it’s hard to say whether it makes a huge difference. But some say,
In March 2011, a Marist Poll revealed that two-thirds of Americans believe that drivers should be retested for their license once they reach the age of 65, even if they have a good driving history. Many experts believe that driving capabilities can diminish when drivers get older from failing eyesight as well as other physical issues and mental restrictions.
But is it a good idea to have seniors to retake their drivers license test once they reach a certain age? Have states looked into this requirement for drivers? Could taking a step like this affect auto insurance rates?
The Marist Poll found that a high number of drivers want seniors to be retested for their licenses when they reach the age of 65.
The global road safety campaign will be celebrated across the world encouraging maximum participation of the car insurance customers. The Decade of Action for Road Safety 2011-20 campaign will be launched in a whole host of countries, including Ethiopia, Indonesia, Cambodia, Malaysia, England and Kuwait,.
During the campaign, the car insurance customers will project large yellow triangle on various national landmark monuments that include Times Square in New York City, Trafalgar Square in London and Christ the Redeemer in Rio de Janeiro.
The World Health Organization’s director-general shows worry for road traffic crashes that further affect the growing need of proper health and development among the car insurance owners. Th
When the teenage learns driving, the parents try to get their ward and vehicle protected by buying the suitable insurance cover. But the insurance policy for young drivers is costly so the parents prefer to add their teenage driver in their pre-existing parental auto insurance policy.
According to a research, around 86% of the young motorists pay huge premium despite being added on their parents’ auto insurance policy. The learner or young drivers are ripped off by the insurers while adding them to the auto insurance policy of their parents.
The expensive insurance cover encourages the young drivers to remain uninsured. T
The sports utility vehicle is quite expensive to purchase and maintain due to high fuel and insurance charges. The high-speed sports utility vehicles are quite risky to drive and the chances of their involvement in accident are high so the car owner has to buy heavy insurance premium policy to protect the car. You can compare car insurance premium prices online to get the best deal suitable for the vehicle.
The auto insurance coverage offered for SUV differs in terms of charge and protective cover. The comprehensive car isnurnce coverage protects the SUV from damage caused by weather changes like fire, theft, hail, floods and tornado.
To combat the rising car insurance premium, the best method is to shop around and search best car insurance quotes for your vehicle. Many car owners get tired of filling car insurance quotes application repeatedly for different providers in pursuit of getting low car insurance quotes. This effort takes a lot of time for the car owners in surfing internet and comparing car insurance quotes.
A new quote engine in the market has come making simple for the car owner to get reasonable quotes from different providers. The new quote system eliminates hassle, frustration and time loss of the car owners and you get needed car insurance quotes in short time.
The quote system cut the search time spent on comparing and finding cheap car insurance.