Advice You - Finance

Homeowner's insurance is an invaluable investment for every homeowner. If your house went up in flames and you lost everything, would you be able to recall everythin

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

g you owned, including the items' values? If you came home from work to find someone burglarized your home, would you be able to account for everything that had been

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

Examples of combination products may in

taken or destroyed? While some items are priceless and/or likely have sentimental value, memories unfortunately are not sufficient for filing a homeowner's insurance

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

claim in the wake of a disaster.

In times of distress, you shouldn't have to worry about whether your possessions are covered or not. If you purchase homeowner's i

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

surance, it is important to know what your policy covers. Not sure what's in your homeowner's policy? That topic will be covered in a future article.

Your homeowner

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

Combination pro

s insurance, ideally, will replace the cost of what you lose in a disaster. More importantly, however, is the fact that you will only be compensated for what you can

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

account for. In other words, fond memories are heartwarming, but they will not reimburse your losses in a catastrophe.

“But how will I account for everything I los

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

in such an event?”

Well, the most accurate way to keep track of your items would be to take an inventory of everything you own. While this is a process that could

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

ake months to complete, it is your most worthwhile strategy should you experience misfortune.

“What do I need to put in this inventory?”

Put simply. EVERYTHING. Th

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

e more you can account for in your homeowner's insurance claim, the more likely you will be reimbursed. The list should be as detailed as possible and should include

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

appliances, carpets, jewelry, furniture, linens, antiques, furniture, and the list goes on. To get your money's worth, go from room to room and be sure you are as de

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

Following aspects would a

criptive and detailed as possible. Include:

- a description of the item (including the quantity) - the manufacturer or brand - any model or serial numbers - a de

dd to the challenges in developing combination products:

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

scription of where or how the item was attained - the date of purchase or age of the item - receipt or other proof of purchase that shows the cost - the current v

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

lue - the replacement cost - photocopies of appraisals

“I'll never complete this process!”

Keep in mind that while this documentation process may be time-consumi

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

g, it is certainly easier than remembering everything you own. Don't let this task discourage you. Take photos. Even better, make a night out of it. Grab your video

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

camera and go from room to room to create a visual and verbal description of your items. It might take you an hour to document your entire house. Regardless of how y

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

Professional from academic institutions, pharmaceutical industries, health care indust

u complete your inventory, remember that your compensation rests on the quality of your documentation.

“I've made the inventory, now what?”

It is likely you invest

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

d a good amount of time to document your items. Whatever you do, keep that homeowner's insurance inventory safe! If an unfortunate event comes your way, you certainl

.

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

y do not want your hard work to go to waste. Store it in a relative's home, in a lockbox, a safety deposit box or keep it tucked away in your office desk. While memo

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

Companies that provide selfless information through particip

ies and keepsakes can rarely be replaced, it's comforting to know your homeowner's insurance will keep you financially secure should you properly document your items

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.adviceyou.org.ua/article/89567/adviceyou-Homeowners-Insurance--Keeping-Track-Of-Your-Goods.html">Homeowner's Insurance - Keeping Track Of Your Goods</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/89567/adviceyou-Homeowners-Insurance--Keeping-Track-Of-Your-Goods.html]Homeowner's Insurance - Keeping Track Of Your Goods[/url]

Listening is the least used skill by most sales people. Everyone wants to talk about products and services, features and benfits. It's the sales person who listens that gets the best customers.

There are many people who want to start a business on the Internet. This is simply because they may have heard about the many different options available on the internet. The two most preferable reasons for people being eager to start a web business are...

Yes, it only takes ten seconds for viewers to get interested and stay a little longer to know more about your site and get the information they're looking for. This is the main reason why the first page is the most important in any web site. Rule of thumb is to have a page that is direct to the point, doesn't waste time, and doesn't waste bandwidth. It's necessary that you get to the crux of your message and do it quick. Or else your audiences are outta here.

Tags

Links

Advice You - Homeowner's Insurance - Keeping Track Of Your Goods

Related Articles: