Professional Documents
Culture Documents
Group: 135
Year: 3
2014
Table of Contents
Description....................................................................
..............................3
Brief History of
Insurance......................................................................
......4
Types of Personal
Insurance......................................................................
..5
1. Life
insurance.........................................................
............5
2. Total & Permanent Disabillity
Insurance.............................6
3. Critical Illness
Insurance.....................................................6
4. Income Protection
Insurance..............................................7
Contract and
Policy............................................................................
.........8
Inclusions and
Exclusions.....................................................................
.......9
Claim
Process.........................................................................
.....................10
Description
Personal Insurance is all about providing cover for your life and
your family's. Types of Personal Insurance include life
insurance, total and permanent disability, critical
illness and income protection.
The amount of personal insurance you need depends on your
personal circumstance - particularly your financial commitments
and lifestyle expectations. Set out in this web site, for each type
of personal insurance, are some of the issues you should
consider when deciding the level of insurance you require. This
information is provided as a guide only; a Financial Planner can
provide you with a needs analysis, specific to your personal
needs, objectives and circumstances.
1. Life Insurance
Accidental death
Legal expenses
Funeral expenses
Education grant
World-wide cover
No documentation
total
No medical tests
Inclusions:
Accidental Death
Permanent Total Disablement
Permanent Partial Disablement
Accidental Medical Expenses
Double Indemnity for Accidental Death or Permanent
Total Disability while travelling as a passenger in a public
conveyance
Hospital Daily Cash
Exclusions:
Any pre-existing disability/accidental injury
Pregnancy or child birth
Claim Process
CHALLENGE:
Brian and Gina Staniszewskis brand new home and both of their vehicles
were swept away in the tornado that struck Washington, Illinois on November
17, 2013. The insureds took cover in the finished basement of their home,
along with their four year-old daughter, unborn twins and Ginas mother. It took
less than 30 seconds for the tornado to completely destroy their 2,500 square
foot home, its contents and their vehicles. Once the tornado ripped through
their neighborhood, the family emerged from their basement to see daylight
shining down the stairway. Their home wasnt in pieces and it hadnt been
knocked off of the foundation it was completely gone.
ACTION PLAN:
Kuhl Insurance responded to the Staniszewskis immediately and made sure
they had appropriated accommodations for temporary living space, reserved
two rental cars and started the claims process and helped them to understand
how the process would work. The next day, Kuhl Insurance delivered an initial
claim payment so that they could purchase basic necessities. Within a week,
Kuhl Insurance negotiated a total loss settlement on both vehicles and just two
weeks after the tornado, Brian and Gina were driving brand new vehicles.
IMPLEMENTATION:
In the weeks following the devastating tornado, Kuhl Insurance met with the
Staniszewskis weekly or bi-weekly to clarify coverage and collect damage
estimates from contractors while keeping the claims process moving forward
so that the family could feel whole again as soon as possible.
RESULTS:
While other families in Washington were still waiting on the status of their
claim, Brian and Gina had already received their insurance payment and
began rebuilding their dream home.
IMPACT:
One of the first calls I made after the devastating tornado was to my Kuhl
Insurance agent. I told her that our house and cars were completely gone, and
she was relieved to hear that my family was safe. I received a call from my
insurance adjuster that very same day to explain the next steps. My Kuhl
Insurance agent was by my side throughout the entire process. She took care
of the small details so we could focus on rebuilding our lives. Kuhl Insurance
employees even volunteered to help us clean up after the storm. We will be
forever grateful for their service and support during this tragedy.
Gina Staniszewski