The Prince and Princess of Wales have released an emotionally charged video ahead of their appearance at this year’s Trooping the Colour parade.
The footage, released on their official social media pages, showed a tender moment between Princess Kate and her daughter Princess Charlotte.
Ever the doting mother, the Princess was seen gently stroking Charlotte’s hair and pulling it over her dress as they waited for their carriage ahead of the parade.
“All set for The King’s Birthday,” the caption read.
The day marks Princess Kate’s triumphant return to public life in the midst of her cancer treatment as she joined the royal family to celebrate the King’s official birthday.
Kate and her three children, Prince George, Princess Charlotte and Prince Louis.
Were cheered by crowds in The Mall as they left Buckingham Palace in a carriage procession for the Trooping the Colour ceremony.
The 42-year-old royal could be seen waving to crowds of spectators, along with Charlotte and Louis, as they passed in their carriage.
After spending much of the year coming to terms with the diagnosis and receiving ongoing chemotherapy, the future queen looked relaxed as she travelled with her family in the glass state coach.
She was surrounded by other members of the family, with her husband the Prince of Wales, Colonel of the Welsh Guards, on horseback, as were the Princess Royal, Colonel Blues and Royals, and the Duke of Edinburgh, Colonel Scots Guards.
The Princess of Wales could be seen smiling and chatting with her children in the carriage before they arrived at Horse Guards Parade in Whitehall. In a change from last year, Princess Kate watched Trooping the Colour from a balcony with her children.
Previously, Kate joined senior family members on a dais, but on Saturday, she watched the spectacle from the Duke of Wellington’s former office.
Kate stood beside her children, Prince George, Prince Louis, and Princess Charlotte, as the regiments, in red ceremonial dress, continued to parade. She could be seen whispering in the ear of Princess Charlotte as the band played.
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Source: New York Post
Understanding Deductibles in Insurance
What is a Deductible?
A deductible is the amount of money a policyholder must pay out-of-pocket before an insurance company begins to cover the remaining costs. Deductibles are a fundamental component of most insurance policies, including health, auto, home, and business insurance.
How Do Deductibles Work?
When you file a claim, you are responsible for paying the deductible amount. Only after this amount is paid will the insurance company pay for the covered expenses exceeding the deductible. For example, if you have a $1,000 deductible on your car insurance and incur $3,000 in damages from an accident, you would pay the first $1,000, and the insurance company would cover the remaining $2,000.
Types of Deductibles
- Fixed Dollar Deductible: This is a specific amount you must pay each time you file a claim. It’s common in health and auto insurance policies.
- Percentage Deductible: In some cases, particularly with homeowners insurance, the deductible might be a percentage of the insured value. For instance, if your home is insured for $200,000 and you have a 2% deductible, your out-of-pocket cost would be $4,000 before insurance covers the rest.
- Per-Claim vs. Annual Deductible:
- Per-Claim Deductible: You pay the deductible every time you file a claim.
- Annual Deductible: Common in health insurance, this deductible resets each year. You pay out-of-pocket until your total expenses reach the deductible amount for the year.
Why Do Deductibles Exist?
- Cost Control: Deductibles help keep insurance premiums more affordable. Higher deductibles typically result in lower premiums because the policyholder assumes more initial risk.
- Reduced Claims Frequency: Deductibles discourage policyholders from filing small or frivolous claims, reducing the number of claims an insurer must process and pay out.
- Shared Responsibility: Deductibles ensure that policyholders share in the financial responsibility of their care or damages, promoting cautious behavior and maintenance of insured assets.
Choosing the Right Deductible
When selecting an insurance policy, choosing the right deductible is crucial. Here are some considerations:
- Financial Ability: Assess your ability to pay the deductible in case of a claim. A higher deductible can lower your premium but may be challenging to pay if an incident occurs.
- Risk Tolerance: Determine how much risk you are comfortable assuming. If you prefer lower out-of-pocket costs during an emergency, a lower deductible might be preferable, albeit with a higher premium.
- Frequency of Claims: Consider how often you might need to file a claim. If you anticipate frequent claims, a lower deductible might be more cost-effective over time.
Impact on Premiums
The relationship between deductibles and premiums is inverse. Generally, the higher the deductible, the lower the premium, and vice versa. This trade-off allows policyholders to customize their insurance based on their financial situation and risk appetite.
Conclusion
Deductibles are a key feature of insurance policies that influence both the cost of premiums and the financial burden on policyholders when filing claims. Understanding how deductibles work and carefully selecting an appropriate deductible can help balance cost savings with financial protection, ensuring optimal insurance coverage tailored to individual needs and circumstances.
