Introduction
Who they are?
Jupiter Insurance is owned by BP or British Petroleum. It insures all the assets of BP from international oil and gas projects from Guernsey, an offshore tax heaven in UK. Its strategic location in a Special Purpose Vehicle (SPV), prevents BP to make public disclosure of own assets and liabilities. Jupiter does not re-insure the insurance liabilities of BP to other insurers, however, it is unknown whether BP pays any premiums on own policies to Jupiter insurance to make them capable to pay BP’s claim if they ever arise.
The goal of Jupiter Insurance is to assist insurers in all insurance needs. They have different plans to manage every kind of potential risks. The professional agents of Jupiter Insurance are very helpful in assessing the exact need of potential insured and guide to find the right plan. They offer prompt excellent service whether it is for a claim or a simple question. They have created a trusted relationship over a huge client base. Their aim is to offer appropriate cover at a reasonable price.
History
Different Insurances Plans of Jupiter Insurance
Personal Insurance plans from Jupiter Insurance include:
Home, Auto, Renters, Umbrella Insurance, Motorcycles, Watercraft, Scheduled (inland marine) property
Commercial Insurance plans from Jupiter Insurance include:
Contractors, Retail, Manufacturers, Wholesale, Restaurants, Professional offices, Delivery services, Day care, Garage and repair
Commercial insurance includes property losses under various commercial situations including building, inventories, furniture and fixtures, records, equipments, etc. In addition to the direct losses indirect losses are also covered under the policy.
Features
Life Insurance plans Jupiter Insurance include:
Whole, Term, Annuities, Universal, life and annuities Variable
The death benefits cover expenses on funeral expenses, estate taxes, repayment of debts as per the terms of the policy. Life insurance policies sometime help to ensure a proper movement of the property business to the intended successors
Health Insurance plans from Jupiter Insurance are:
Short term, Traditional, Medical savings accounts, Long term care, Supplements of Medicare, Trip & / or Accident coverage
Retirement Plans from Jupiter Insurance are:
Simple IRA, Roth IRA, Traditional IRA, Long term care, 401K, Annuities
Group Insurance plans from Jupiter Insurance are:
Payroll deduction programs, Life, Health, 401k, Dental, Simple IRA
The Jupiter Insurance does not have own insurance on some of its (British Petroleum) properties in oil rigs, there is a possibility that, they have been insured them through Lloyds of London as per loss of property and liability claim rules.
Jupiter Insurance has other associates as partners in the insurance business like, 21st Century Insurance, Blue cross BlueShield of Florida, CNA Surety, United Healthcare, Victoria Insurance, and Hagerty Insurance for Car and Boat insurance, Gainsco Insurance and many others.
Tips and comments
The Jupiter Insurance gives many valuable suggestions and advices on insurance matter. They suggest that a person’s life insurance policy should be an amount that equals a minimum of 6 to 8 times of his annual earnings. However, before arriving at any conclusion the following matters have to be taken in to account:
Income from other sources, if any
Income of his/ her spouse, if married
Other benefits receivable from other schemes
His/ her existing liabilities
