Understanding the Cost Of Insurance: Trike Versus Standard Two-wheel Motorcycle

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There is little that can compare to the feeling of freedom you get when on your motorcycle. The road winds ahead, a series of curves to be negotiated and mastered. Stress and issues disappear as you merge yourself with your machine and disappear into the horizon. But, there is a set procedure that needs to be followed in order to get a motorcycle license. Some people choose to skip this and, because they already have a car license, opt for a trike instead.  Once you’ve decided which type of machine…

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How to Budget As A Property Investor

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Getting started in the world of property investment is an exciting prospect. However, to maximize the return on your investment, you need to ensure that you set out a realistic budget from the start. Understanding all of your costs will ensure that your investment is profitable and that you gain the experience to build your portfolio over time.  Creating a budget as a property investor can be daunting. From rental management fees to legal fees, completing renovations to the property, accountant fees and all of the other costs involved in…

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Health insurance premiums are on the rise in Australia

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Large insurers are raising rates by a significant margin Several of Australia’s largest health insurance providers, including Medibank Private Limited and NIB, will be increasing premiums in the coming days. These insurers have been raising premiums annually for the past few years, which has placed many consumers under greater financial pressure. Some of the country’s insurers have also been accused of offering “junk” policies, which offer consumers very limited coverage. With higher premiums and the abundance of these junk policies, many consumers may opt to go without health insurance coverage…

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Australian companies accused of selling “junk” health insurance policies

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Consumer advocacy group Choice calls out private insurance providers in Australia Three of Australia’s largest private health insurance companies have been named by Choice, a consumer advocacy group, for offering what it calls “junk” policies. According to Choice, these policies are expensive, but provide relatively little benefits when compared to what can be obtained through Australia’s Medicare system. Policies obtained through this system are less expensive and may be a better option for consumers that need insurance coverage. Junk policies provide less than 1% coverage for several medical services Among…

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Cyber insurance is growing in Australia

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Australian Cyber Security Center highlights the rise of cyber attacks in the country A growing number of companies in Australia are beginning to find solace in cyber insurance protection. According to the Australian Cyber Security Center, the country’s digital networks are experiencing an increase in sophisticated attacks in both the public and private sectors. As such, cyber insurance has become a more important priority for companies that have a significant presence in the digital space. While insurance protection is becoming more coveted, it may not be able to address all…

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Australian government to investigate high homeowners insurance rates

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Government will be examining the rate at which insurance premiums are growing in Queensland The Australian Federal Government will be investigating the claimed need for higher property insurance rates in Central and Northern Queensland. Those living in these areas have seen their insurance rates grow at an exponential pace, placing them under heavier financial burden than they have experienced in the past. Some federal officials believe that the rate hikes that property owners have experienced are “ridiculous,” and they want to ensure that consumers are being treated fairly. Disasters continue…

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Berkshire Hathaway sees promise in Singapore’s insurance industry

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Berkshire Hathaway to sell non-life insurance coverage in Singapore Berkshire Hathaway, one of the world’s leading insurance conglomerates, is planning to begin selling non-life insurance coverage in Singapore. The company has been granted a license to sell such coverage in the country and this coverage will be sold through Berkshire Hathaway Specialty Insurance. The subsidiary was launched last year in order to accommodate with needs in the commercial insurance market and will begin doing business in Singapore in the near future. Company will underwrite property, casualty, and liability coverage in…

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