Insurance is a kind of risk management technique used to hedge against risk of unexpected loss. For this risk management, you need to pay certain amount to the insurance company as the insurance coverage known as the premium and if you fail to make insurance payment it may lead to lapse of insurance policy and may also have a black mark on your credit report, so always you need to pay your insurance premium on time and if you are incapable to pay on time due to lacking of money, opt for short term loans such as a paydayloans which you can repay on next payday to secure your insurance policy from lapsing. There are several types of insurance available in the markets such as car, travel, health life, home, business, health, pet and so on, you can choose apt for you based on your need.
Some of the proven tips to PPI claims on time are:
Make use of payment app:
You can use payment app such as PayPal online or you can download in smartphone to pay make your payment from anywhere and anytime. These apps have notification feature which notifies you periodically to make payments. Installation of these app safeguard you from late payments as you can make payment by using your debit or credit card just in a click by just sitting in comfort of your home.
Use automatic payment option:
Many insurance companies provide automatic payment option which can automatically remove the monthly instalment fee from your bank account or debit/credit card. By opting automatic payment deduction option, you can save some money annually on your insurance plan. The most appealing feature of this automatic payment is that you need not to remember to pay your bill, which is sometimes very difficult for most us.
Set up a calendar:
You can set up a calendar for all you payments in by using software like Microsoft Outlook which is good as you can use it for your emails and to set reminders to remind you different events such as premium payment.
Pay by mail:
Some of the insurance companies provide facility to make insurance by mail with help of a credit card authorization form.
Make use of phone:
Many insurance companies provide by phone payment facility by using automated voice response system on calling their toll free number, usually you can make payment of all types of insurance except life and health. You can use your credit or debit card or directly you bank account to make payment on phone