Answers - Insurance

Car insurance is an essential part of motoring - it's a legal requirement for any driver in the UK. At the very least every driver is expected to have third party insurance th

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

at covers injuries to others (including passengers) and damage to other people's property. A claim situation would only arise as a claim against you by a third party.

While t

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

is is the minimum amount of cover the law expects of you, it doesn't cover very much – for example, if your car is in an accident and gets written off, you would lose the valu

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

of your car.

The next step up is third party, fire and theft - essentially the same as third party but with additional cover if your vehicle is set on fire or stolen. This c

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

over would not cover you for the any personal possessions or extras that you have added to the car.

The most popular cover is fully comprehensive cover – which covers the own

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

r in the event of causing damage to a third party, in the event of fire and theft as well as damage to one's car and the damage, and also the loss or theft of any goods from w

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

thin the car.

The first step to consider when making any kind of claim on your car insurance is what's covered? Not only does the type of policy dictate the nature of your cl

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

aim but also the specific details of the policy.

For example, does your insurance include replacement locks? Can you claim for personal possessions and if so what items are c

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

vered and to what value?

It's worth noting that many people these days have home contents insurance which covers items carried in your car – check the difference in policy to

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

see which insurance policy is more cost effective to claim with.

There are two primary factors to consider when making a claim – your excess charge and your no-claims bonus.

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

- Excess

The excess charge is how much you are willing to pay in the event of an accident. Your insurance provider may set a compulsory excess charge or the excess charge may

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

be voluntary – whichever the case, the golden rule is the more excess you are willing to pay the lower your premium.

The excess charge can be a major deciding factor in whet

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

er to make a claim or not.

For example, if you agree to paying an excess of ?200 that means that if you have an accident that costs ?400 to repair your vehicle, you pay ?200

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

nd the insurance company pays ?200. If your claim is less than ?200 then the insurance company will not pay anything.

So, as long as the claim is more than the excess you sho

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

uld make a claim, right?

Not necessarily – that brings us on to our next major factor:

- No claims bonus

To some people the thought of losing their no-claims bonus is the s

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

uff of nightmares. It's no surprise – some no claims bonus policies can save you 65% on your premium if you have five years or more of no claims.

The particular details of yo

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

r no-claims bonus vary from policy to policy – with some there is no quarter: if you make a claim, you lose your bonus. With others there is a system of "three strikes and you

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

're out" whereby you are allowed to make two claims within a certain time period but a third would result in your losing your bonus.

There are also protected no claims bonus

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

olicies where you can pay an extra premium to protect your no claims bonus so even if you have to make a claim you save money.

Far from being straightforward, making a claim

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

an become a careful balancing act of costs. To make the right decision you need to weigh up, not just the cost of the claim but the effect that claim will have on your premium

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.answers.org.ua/article/121998/answers-How-To-Decide-Whether-It-Is-Worth-Claiming-On-Your-Car-Insurance.html">How To Decide Whether It Is Worth Claiming On Your Car Insurance</a>

BB link (for phorums):
[url=http://www.answers.org.ua/article/121998/answers-How-To-Decide-Whether-It-Is-Worth-Claiming-On-Your-Car-Insurance.html]How To Decide Whether It Is Worth Claiming On Your Car Insurance[/url]

Job interviews are a fact of working life, whether a new graduate or a veteran of the workplace. While every interview is different, there are ten steps than can help make every interview more successful. These important steps will not guarantee a job but they do serve to enhance consideration when combined with necessary skills and appropriate business attire.

Keywords and key phrases are possibly the most important element of any internet marketing project. They are the terms that you use to match to your web presence to your target customers.

A basket of stocks is nothing more then any group of stocks that someone has grouped together for any of a number of reasons. They may be of the same sector, or they may be made up of a number of stocks in different sectors.

Tags

Links

Answers - How To Decide Whether It Is Worth Claiming On Your Car Insurance

Related Articles: