Traveling is not just about reaching a destination, it also means coming back safely. To do this not only do you need careful planning, but also a failsafe mechanism if that planning somehow comes askew. Also known as holiday insurance, travel insurance is one such mechanism using which you can make sure that any misfortune, however small or large, that may strike you while you travel remains manageable. In this article we break down holiday insurance into the types of insurance or coverages that are most required by travelers. These types of insurance cover unforeseen emergencies that may occur while travelling.Medical Emergencies
Medical insurance is one of the most useful insurance for just about anyone – but unfortunately, most general medical insurance policies do not cover injuries sustained while traveling, especially when traveling abroad. And considering that medical emergencies while travelling abroad can prove more dire, not just medically but financially too, we see that travelers medical insurance is one of the most important types of insurance you can take. Medical insurance coverage is indubitably the most important coverage among all holiday insurance coverages.Trip Cancellation Coverage
These policies cover cancellation of your trip due to factors as diverse as bad weather, jury duty, sudden illness or death, bankruptcy of the airline or cruise liner you are going to use. Many travel insurers also include terrorism insurance which comes into effect if the US state department declares the country you are about to visit a no-go nation. Trip cancellation overage can also cover trip interruption due to the aforementioned reasons. Check the travel insurance policy to see the different reasons it includes when covering this type of insurance.Other Holiday insurance Coverages
These include coverage against loss of baggage, either in transit or due to theft; loss or theft of personal possessions such as laptops, cameras and other personal affects; legal assistance while travelling; personal liability insurance as well as rental car damage insurance, and a lot of other coverages.Whenever you are traveling away from home, any cost or misfortune usually costs five or ten times more than what it would cost at home, especially when you consider that you are wasting time that you are talking out from your work-day life, and that the holiday you are taking might be one after a period of years. Given these factors, taking travel insurance is not a luxury, but a necessity. Indeed, it is said that if you cannot afford travel insurance, you cannot afford the travel. Travel safe, travel insured!
This Decision Could Kill the Economy
The wage dispute started out as a seemingly routine matter.All day long, the workers at a recycling plant in Milpitas, California cleaned and sorted trash. In 2013, they decided to form a union for better pay.But there was just one problem…You see, they’re not technically paid by the owner of the recycling plant. Instead, they’re paid by a staffing agency (which is under contract to the owner of the recycling plant).Got all that? So who’s really the workers’ boss?Few investors realize it yet, but the answer – from a key government agency – threatens to upend the long-term business models of the stock market’s most successful retail companies…”Contract labor” is a huge and growing force in today’s economy. A record 3.2 million people, according to the American Staffing Association, work as “temps” in one capacity or another.For instance, a little over 40% of the nation’s warehouse and light industrial workers – loading crates or skating their way through cavernous buildings “picking” goods to fulfill someone’s Internet order – are considered temporary contractors.They may work in a warehouse owned and managed by Amazon, for instance, but the corporate name on their paycheck is that of a contract labor company.Flex LaborThe arrangement gives retailers plenty of flexibility to deal with the ebb and flow of seasonal demand. But it also gives them an “out” when it comes to wage disputes. If the contract staffing company at a particular warehouse suddenly finds itself dealing with a newly organized workers union, the retailer can end the staffing company’s contract and bring in a new firm.End of problem.And it was all completely legal. Under the old definition in U.S. labor law, the workers’ boss was the staffing company – not the owner of the warehouse. So the warehouse owner had no obligation to deal with a new union.That made it quite hard for unions to organize workers and demand higher pay in fast-expanding sectors of the economy.But their job just got a lot easier.Recently, the National Labor Relations Board (NLRB) came out with a new, expanded definition of “Who’s the boss?” According to the NLRB, both the staffing firm AND the owner of the warehouse have what’s called “joint employer” responsibility for dealing with a labor union.Huge Implications for the U.S. Economy The experts who follow these kinds of things say the NLRB’s decision will reshape corporate America’s reliance on contract labor. Some firms may decide to come to the bargaining table, bite the bullet and pay higher wages. Others could take the opposite approach and divest their warehouses or manufacturing facilities.The NLRB decision could even affect franchising chains. Until now, a parent company – faced with wage demands from workers at a franchisee’s restaurants – could take a hands-off approach and refuse to negotiate. But now, under the expanded definition of “joint employer,” the parent company may well have a mandated obligation to come to the bargaining table.You can see where this is heading, right?It’s yet another example of a powerful shift – the trend toward rising wages – just getting underway in the U.S. economy. Temporary workers are generally paid less, so their growing use in recent years greatly added to the profit margins of America’s retailers, service companies and manufacturers.And with those higher profit margins came higher and higher stock prices.How long do you think that’s going to be the case as workers reclaim more power over wages at the negotiating table?Higher wages on corporate margins are going to send ripples through Wall Street and the U.S. economy.
Get Affordable Home Insurance in Calgary
There are many reasons to get home insurance in Calgary. First of all, you want to make sure your house, cottage, or tenancy is covered for damage, theft, and flooding. Secondly, you want to know if you are overpaying for home insurance, and if you are, you want to know if you have access to a more affordable insurer. We can help you connect with a live insurance broker who will give you the information you need to insure your house in Calgary. You can also request a quote from at least 10 Canadian home insurers, so you can compare rates.Typical Home Insurance Premiums
Home protection prices are different for rented and owned properties. Tenants insurance for rented homes covers the basic contents of a house and some liability (you may need a separate policy for fine art, wine collections, furs, and other expensive, atypical items). Tenants insurance is often cheaper than homeowners insurance.Homeowners insurance covers the building and its exterior, as well as risks connected to theft, fire, earthquake, etc. Since the value of the building is much higher than the contents of a rented unit, homeowners insurance premiums are significantly higher than are the premiums for tenants insurance.In order to have a broader picture of home insurance rates in Canada, here are statistics of the average home rates in Alberta, Ontario, British Columbia, and Canada. These statistics are provided by InsurEye.In Alberta, monthly house insurance rates are typically $84 for homeowners and $49 for renters.In Ontario, monthly home insurance rates are typically $78 for homeowners and $42 for renters.In British Columbia, monthly home protection rates are typically $85 for homeowners and $47 for renters.Across Canada, monthly home insurance rates are typically $77 for homeowners and $41 for renters.Examples of Calgary Home Insurance Quotes
Home insurance quotes in Calgary depend on the size of a building, its location, and possible risks (like flooding). The following examples of house insurance quotes will help you better understand how much home insurance can potentially cost you:· For a 2,800 square foot, two-storey house in Calgary, in the neighbourhood of Altadore near River Park, expect approximately $98 monthly ($1,176 a year).· For an 850 square foot, two-bedroom condominium on the 12th floor in downtown Calgary, next to Central Memorial Park, the insurance costs are approximately $23 a month ($276 a year).· For a one-storey house in Calgary, in the Mount Pleasant neighbourhood, located close to 4th St NW and the Trans-Canada Highway, the insurance is approximately $62 monthly ($744 a year).Flooding Coverage for Homes in Calgary
Since Calgary often sees flooding, every homeowner should be prepared for the possibility of this risk and should understand the main aspects of home protection and flooding. One thing you should keep in mind is that home protection in the flood-endangered areas of the city is more expensive because of the much higher risk.There are four main types of flooding. It is important to remember that your home insurance policy treats each of them differently:1. Overland flooding occurs as a consequence of water (rain or melting snow) entering your house from the outdoors. Standard insurance in Calgary does not cover expenses from overland flooding. However, some companies do provide coverage for this type of flooding at an additional cost.2. Roof leakage can be covered or not covered, depending on the factors that caused it. If the roof was in poor condition from the beginning, your insurance provider will not cover the damage. Your home insurance will most likely cover damage from a natural cause, like hail.3. Your insurer will cover plumbing issues, only if you comply with the rules in your policy, such as having somebody visit your home while you are not there for extended periods of time (for example, while you are on vacation).4. Sewer backup happens when wastewater is driven back into your house. Traditional home protection does not cover this type of flooding. However, you can always purchase this type of coverage as an addition to your home insurance policy.The Difference Between Condo and Tenants Insurance in Calgary
Owners of condos can purchase homeowners insurance for their condo. The condominium corporation purchases commercial condo insurance. The difference between these two policies is in what part of the condo they cover. The homeowners insurance covers the contents of the condominium. The coverage also includes protection for upgrades, locker contents, third party liability, theft, additional living expenses, and sometimes special insurance assessments.The commercial condominium corporation’s insurance covers the building’s exterior (envelope), together with its infrastructure and common areas.Condo renters in Calgary need tenants insurance to cover the contents of their condos. This type of protection is usually mandatory and is part of the rental contract. In addition to the coverage of contents against theft, fire, and other hazards, the insurance also extends to third party liability and additional living expenses. Living expenses are for the cases when the condo is unlivable (due to earthquake, flood, fire, etc.), so the renter is forced to live in a hotel or rental unit until the condo repairs are complete.10 Ways to Save on Home Insurance in Calgary
Here are a few ways to save on your home coverage. For more savings, get an insurance quote and contact an insurance expert.1. Professional membership. Members of unions or professional organizations can get a discount on their home insurance. Insurance companies, like Meloche Monnex Insurance, also provide their members with insurance policies.2. Hydrant or fire station. If your home is close to one of these things, you can ask for a discount from your insurance provider.3. Discounts for students. Some insurance providers give discounts for students. As for dependent students who live alone, their parent’s home insurance may cover the insurance on their apartment at no additional charge. For example, Desjardins Insurance provides this discount.4. Discounts for graduates. TD Insurance is an example of an insurer that offers discounts for graduates from post-secondary institutions like McGill University or the University of Toronto.5. Quit smoking. Many insurance companies increase home protection premiums for smokers due to the potential fire risk.6. Change your policy. Those with tenant insurance should rethink the size of their coverage – perhaps some things that do not have much value do not need additional coverage.7. Security of your home. Does your home have additional security, like a doorman or security guard? This might get you a discount from your insurance provider.8. Direct insurer. Also called a captive agent, a direct insurer represents one company and can offer their products for a cheaper price when compared to insurance agents or brokers.9. Consumer reviews. Other home insurance consumers often share their experiences of purchasing insurance and making claims. Thanks to these insights, you will be able to avoid unexpected costs and overpayment.10. Compare prices. You can get home insurance quote in Calgary for a cheaper price thanks to the price comparison tools that show you the rates of the same services provided by different insurance companies.