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[W423]What Does Comprehensive Insurance Cover

by Mayoor Patel, May

With some type of coverage protecting just about every other type of industry and profession, it should come as no surprise that the oil business would carry several different types of insurance protection as well. Oil insurance is a sector which covers a wide range of activities pertaining to the oil and energy industries.

Some insurance companies specialize only in petroleum companies' insurance management, whereas in some others, the oil industry is only a portion of their clients' portfolios. Specialized oil insurance companies however have access to a bigger market share and thus may provide numerous and advanced insurance programs which might not be available at a general insurance provider.

Cargo insurance is usually the most sought after kind of insurance for the oil sector. Such kinds of insurance premiums cover the vehicle and contents of tanks or cargo. Premiums can also cover items like third party pollution on a sudden or accidental basis, as well as spill response, environmental response and others relative claims. Under some premiums, driver training can also be secured, and spill response courses are taught.

Such insurance transactions are mostly done in the traditional underwriting methods. However, with the event of the Internet, some oil insurance companies have gone online and provide web sites and portals where insurance transactions and claims can be handled 24 hours a day, 365 days a year, from all over the world. These sites are however underwritten by specialized insurance firms. It in turn drastically reduces costs and response time between claims and settlement, since everything is handled in a no-paper, electronically-secure environment. Certificates and other necessary documents are available at a fraction of the time they would have taken in the traditional route.

Oil insurance can also pertain to insuring of oil rigs and wells, as well as the whole oil drilling business. Rigs and wells insurance holds a market cap value for insurance. However, this aspect of the oil insurance industry has undergone some changes and alterations after the event of hurricanes Katrina and Rita a few years back. Recent amendments in the guidelines of the National Insurance Commission (NAICOM) have also altered the set-up for oil industry insurance, especially where the syndication of insurance in overseas countries is concerned. This was done in an effort to boost indigenous participation in the gas and oil industry, as well as make it easier for some of the smaller players in the oil business to have access to the same type of insurance levels as provided to their richer and more prominent counterparts.

Most insurance plans will pay at least part of the cost for a prosthetic eye. How much of the cost is covered will depend on several factors, including how the person's natural eye was damaged, whether there is any expectation of restoring any degree of sight to the eye, if the person can see anything with that eye or if he is totally blind in it, and who does the work for the artificial eye. There are some insurance companies that try to avoid paying, but most doctors who work with artificial eyes know what to do in order to get the patient's claim paid.

It's often unreasonable to assume that a person who has insurance should have to pay the entire cost of his prosthetic eye, but someone without insurance will have to pay that entire bill, and it can be costly – usually between $1800 and $2500 for most patients. Fortunately, both private insurance companies and government-offered insurance will pay for a prosthetic eye up to a specific amount, so people who have any kind of insurance will have at least part of their artificial eye paid for, although they may have some out-of-pocket costs associated with it, as well.

When a person goes to a doctor – a maxillofacial surgeon, an ocularist, or another doctor who handles prosthetic eyes – the initial consultation is usually free, so whether that person has insurance won't be an issue at that time. There are also two different kinds of artificial eyes that can be purchased – 'stock' eyes that are mass-produced and aren't designed to fit any specific patient, and 'custom' eyes that are created to fit only one person and won't fit anyone else.

The custom artificial eyes are more costly and can take longer to get, although there are some providers that offer same day service for custom hand painted prosthetic eyes. Custom artificial eyes have to be created through taking an impression of the person's eye socket and using that to make an eye that will exactly fit that person's facial structure. The stock eyes can be used for people who have less money or no insurance, since they don't cost as much. They are adjusted to fit a particular patient as well as possible, but they may never fit as comfortably as a custom artificial eye.

A doctor with strong abilities and skills when it comes to fitting the eye to the patient can make stock eyes fit reasonably well and help people who can't afford that much have a good-quality prosthesis that will be comfortable, look right, and last a long time with proper care and maintenance. Even custom eyes require some adjustment and fitting to get them just right, so that little bit of work during the fitting of the prosthetic eye is to be expected.

Any artificial eye should be replaced every three to five years for proper hygiene, and insurance companies are aware of that. These prosthetics don't last forever and there are provisions in most insurance policies to allow people who have artificial eyes and other types of prosthetics to get them replaced on schedule.

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Both Mayoor Patel & M.d. Beck are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Mayoor Patel has sinced written about articles on various topics from Credit Card Interest Rates, Food And Drink and Home Management. Mayoor Patel is the writer for the website . Please visit for information on all things con. Mayoor Patel's top article generates over 40500 views. to your Favourites.

M.d. Beck has sinced written about articles on various topics from Massage, Insurance. provides hand-crafted and hand-painted prosthetic eyes. With two North Carolina locations their ocularists serve patients in need o. M.d. Beck's top article generates over 3600 views. to your Favourites.