Insurance Sector

Motorcycle owners know the importance of protecting their vehicles and themselves from unforeseen events. As consumers, motorcycle riders are always on the look out for good deals. These riders would be pleasantly surprised at the growing number of insurance companies offering cheap motorcycle insurance. The companies themselves shun the term cheap though; they fear that consumers might view cheap as having low quality, or in the case of insurance coverage, being inadequate and weak. Insurers have found ways of cutting down the cost of insurance premiums to attract more customers. Apart from the basic reduction in rates, companies have devised economical packages and combinations of coverage to suit every driver’s needs. <

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Honest UK motorists are paying £1.25 billion a year to support the activities of dishonest drivers.

According to research from Co-operative Insurance, the average car insurance premium carries a £50 penalty to cover costs incurred by uninsured and fraudulent road users.

Launching a joint initiative with road safety charity, Brake, Co-operative Financial Services chief operating officer, Tim Franklin, said: “Millions of people are deliberately flouting the law by not insuring their cars at massive cost to honest road users and the wider insurance industry, posing an unnecessary and unjustified risk.”

He added: “Whilst work is continuing to highlight the dangers of uninsured drivers – and keep them off the UK’s public highways – by the police, road safety groups and the insurance industry, there is clearly more to be done.”

Last month The Motor Insurers’ Bureau (MIB) identified the UK’s uninsured driving hotspots, placing Barkerend in Bradford (BD3) at the top of the list.

The West Yo

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So you’ve got a customer who’s just loaded up with questions about the policy you’re selling: The features, the cost, the coverages, everything. What do you do?

Ask him or her a few questions back.

While you should be careful not to overuse this technique, it is an excellent marketing strategy that increases the close rate significantly. Why? It leads the client to choose your service without even realizing it. As you ask the customer more questions, you lead him or her into building the policy for themselves. For instance, if a client asks if it is easy to add a family member to their policy, you could answer, “Would you like to add your
children now?” But be cautious. G

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COLUMBUS — Ohio Department of Insurance Director Mary Jo Hudson has announced that Dr. Stacey Royal of Perrysburg, Ohio was convicted of multiple felony counts, including insurance fraud, telecommunications fraud, theft and engaging in a pattern of corrupt activity.

A Department investigation revealed that from 2004 to 2009, Dr. Royal operated the Royal Treatment Urgent Care in Perrysburg, and billed insurance carriers in excess of $900,000 for inflated services or services never provided. She received more than $100,000 in payments as the result of her fraudulent billing practices.

Dr. Roya

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Many people have the hope of staying in their homes for a lifetime, especially as they grow old. It is usually possible, but there are certain periods in life when people may need a little more help – mainly when it comes to shopping for food, cooking, or even taking a bath – and these periods tend to fall between the eighties and nineties. Other people need help even more frequently and this could mean that it is the right time to move to a geriatric home where a group of professionals will be waiting to take full care of them, and this is the exact time where long term care insurance becomes really helpful.

Families can sometimes realize when a relative is not able to share the house anymore. It

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