Category Archives: Auto Insurance

Public Liability Insurance: Protecting Your Personal Assets

    Lately, lawsuits are becoming widespread in most countries from across the globe. Cases have been filed against employers, workers, and even members of the general public. These cases could result from damages and injuries inflicted to clients. However, as the outlook on liability change, more people are seeking a recompense for damage or injuries.

While the occurrence of such cases increases, it does not imply that they are trivial.  In some cases the claimant can collect thousands money for harm, damages, or injury they experience. Because of this legal responsibility insurance has become more of necessity. It can and should be used for employers, individuals, companies and manufactures can and should employ public liability policy.

Accidents can occur in anyplace, in public, workplace or in the home.  Some people may opt to seek lawsuit when they tumble over a branch the yard, or when a machine inflicts injury. Even an uninvited visitor can sue for injury inflicted as a result of the company’s negligence. True to say, very simple accidents can lead to serious consequences if they occur on one’s place of business, property or place.

Even with the remarkable increase in court cases, public liability insurance remains comparatively unused.  Without such a policy, it is probable for one to be held liable for any harm that crops up on from a product and/or the business. It may appear like a pointless cost but when contrasted to the alternative, it becomes preferable. Following a successful lawsuit from the plaintiff, it is very probable that a lot of one’s assets may be lost.

In a nutshell, with a Public Liability Insurance, not a single mishap that could ever occur will be your fault. That is the reason as to why it is essential that every business in operation, be protected with a public liability policy.

Teen Car Insurance: The Ultimate Crash Course

    It’s time to get your teenage child car insurance. You’ve dreaded this day for years, but it’s not as bad as you think. While teens pay significantly higher rates than adults, there is a benefit to having a teen driver in the family: you have the opportunity to teach your child proper driving techniques. That, along with a few other factors, will keep your rates down and your child free to drive anywhere he wishes.

Will You Pay For Coverage?

Figure out who will pay for coverage. In most cases, it’s probably a good idea for you to help your child out – either pay all or most of the premium. That way, you don’t risk a lapse in coverage. Teens tend to be inexperienced when it comes to budgeting. Don’t risk your child’s policy (or your own) by letting your teen handle the premium payment on his own.

Should Your Teen Be On Your Policy?

It’s common for parents to add their children to their own policies. Some of the more obvious benefits are that your child’s rates won’t be as high as if he were to get his own policy. Your teen also gets to take advantage of your policy’s coverage, limits, and deductibles. Discounts that you have on your policy will also help to lower your child’s premium. Finally, you’ll qualify for a multi-car discount if your child has his own vehicle.

Of course, it’s not all rainbows and sunshine. Your base policy premiums will rise – sometimes substantially. According to the Insurance Institute for Highway Safety, teen drivers have three times as many car accidents per mile as drivers who are 20 and older. This makes perfect sense. Teens are simply not as experienced as adults.

You also risk your policy perks like “good driver” and “claim-free” discounts if your child gets into multiple accidents or has multiple moving violations.

Get Special Discounts

Your child might qualify for additional discounts if he has good grades or drives an older. Good grades in school shows the insurer that your teen is responsible. An older car probably doesn’t need collision or comprehensive coverage. Of course, keep in mind that teens are at a higher risk for collisions.

Get a Safe Car

If you’re worried about your child getting into an accident, choose an older, but safe, vehicle. An example would be a 1980s or early 1990s Mercedes diesel. Those cars were tanks – practically indestructible. Repairs are cheap, too.

Another possible vehicle choice would be a Volvo – known for its safety. Honda Civics are yet another good choice – good on gas and an impeccable safety record.

Shop Around

Finally, nothing beats shopping around. Use comparison sites such as kanetix.ca before you commit. If your current insurer doesn’t offer great rates with the addition of your child, it might be time to take all of your business elsewhere. Shop around for insurers who know how to underwrite teenagers, and have the risk tolerance for it. Regardless of the company you go with, teens will always pay more than adults. But some insurers charge excessively high premiums on teen drivers, and aren’t very good at underwriting those risks.

 Donald Ayers has worked for 15 years in the insurance sector. His articles mainly appear on money saving and personal finance blogs.

Most Common Car Insurance Myths

    Car insurance is one of the most significant expenses that are involved in owning a car. Depending on the car’s make, model and year, your credit history and driving record, insuring your car may cost you up to $1,000 – $1,500 a year. Calculating insurance costs can be a bit complicated, and a lot of car owners don’t understand their policies and what is covered by them. In addition to this, there is plenty of inaccurate information circling around, especially on the Internet, mostly regarding rates and coverages, that create myths and misconceptions about car insurance, and make it sound even more complicated than it actually is. The following is a list of some of the most common car insurance myths.

A Car’s Color Affects Insurance Rates

A lot of people believe that a car’s color is a factor that is used by insurance companies when determining your premiums. The myth says that there are certain colors, especially red, that can make your rates go up, but it’s simply not true, so you can choose whatever color you like, it won’t impact your rates. The color of your car has nothing to do with safety, and it doesn’t increase or decrease the risk of car accidents, so it doesn’t matter whether your car is bright red, blue, white or black, it’s all the same to insurance companies.

 Filing a Claim Always Raises Your Rates

While this can be true in some cases, it doesn’t necessarily mean that whenever you make a claim, your rates will go up. The claim itself doesn’t affect your rates. It depends on how serious the incident is, whether the accident was caused by you or another driver, and your driving history.

 Everything is Covered by Comprehensive Coverage

Despite its name, comprehensive coverage doesn’t cover everything. There are certain things that are not included in this type of coverage, such as towing and roadside assistance. Also, it doesn’t cover you in case your personal property is stolen from your car, and it doesn’t pay for damages that are result of a collision.

 If Your Car Is Totaled, Your Insurance Company Will Pay Off Your Loan

In case your car is declared “a total loss”, your insurer will only pay the actual cash value of it. If your loan hasn’t been paid off before your car got totaled, you will have to pay it off out of your own pocket. The only way to be protected in this sort of situation is to buy gap insurance.

 Your Insurance Follows You No Matter What Car You Drive

Car insurance follows the car, not the driver, which is what a lot of people believe. If you drive someone else’s car, and you get into an accident, damages will be covered by their insurance, not yours. No matter what type of insurance you have purchased, you have to remember that it only applies to your car, and it doesn’t transfer to other cars that you drive.

Author bio:

Jordan Perch is an automotive fanatic and “green cars” specialist. He is an author of many how-to articles related to safe driving, green technologies, auto insurance etc. Currently blogging for DMV.com.

How Much Life Insurance is Too Much?

   Financial decisions are more challenging when the monthly budget is strained to cover ongoing demands and rising prices. Incomes are not growing at the appropriate rate to cover inflation, so household managers have to make difficult choices. The cost of life insurance arises when someone asks, “How much life insurance is too much?” Major categories must be assessed to determine if the current life situation matches the life insurance coverage.

Family Situation

Life insurance policies are designed to provide funds that would replace the income of the person who dies prematurely. Wage earners must consider the possibility that the family will have to continue to live without the source of income. In some situations, financial advisors will recommend that life insurance amounts be decreased.

  • Unmarried/No Dependents – Most people who do not claim any additional dependents on their tax return would not need life insurance. Minimal life insurance for final expenses might be prudent to offset expenses that must be paid by the extended family. A single person with a mortgaged property that is to be left to someone through a will should consider sufficient life insurance to repay the debt in full.

  • Married with children – A person with multiple dependents would need sufficient life insurance to replace the annual income for three to five years. Millions of dollars in life insurance would be considered exorbitant because of the annual premiums that must be paid.

  • Divorced with children – Every situation is unique when a family lives apart. The parent paying child support and alimony must consider the importance of sustaining this support if the unthinkable should happen. In the case of remarriage, the individual should consider multiple policies with designated beneficiaries.

  • Aging parents – Adult children with financial and care-giving responsibilities for aging parents must consider carrying life insurance that would provide for their needs. After both parents have passed away, the life insurance amount should be changed to cover the family.

Personal Financial Situation

Financial choices throughout the working years will determine how much life insurance coverage is prudent. Large sums of life insurance might not be necessary. Life insurance coverage can offset significant financial obligations.

  • Multiple income streams – Stocks, bonds and other investments can be used to create an income stream that would support the family if the primary wage earner dies. Life insurance policies become less important in this situation.

  • Outstanding debts – Home mortgages and other debts can be repaid in full using the life insurance proceeds. After repaying the debts, the life insurance policies designated for this purpose should be cancelled.

  • Business obligations – Owners and principles in a business interest must be covered with sufficient life insurance coverage to pay for the legal expertise to transfer ownership of the business. After the sale of a business, this life insurance coverage can be cancelled.

  • Large estate – In various locations, estate taxes can be high enough to cause the family to sell assets to pay the tax bills. Large life insurance policies can be purchased to transfer the wealth to the next generation without paying estate taxes. In this case, the assets are sold while the life insurance proceeds are kept.

Stage of Life

Wage earners know that each stage of life presents financial obligations that become progressively more expensive. Life insurance coverage must be adjusted to sustain the family’s dreams if the wage earner passes away prematurely. Decisions concerning coverage levels must be current without anticipating future needs.

  • Young children – Few young parents enjoy life insurance discussions. Young families can suffer devastating financial setbacks if both parents are uninsured. The financial stability of the family requires sufficient life insurance.

  • College students – Anyone with young people in college knows that their dreams depend on a steady stream of funds for education. Once the college years are completed, the life insurance coverage must be re-evaluated.

  • Empty nest – Life insurance takes on new meaning for the older couple that no longer has a family to support. Other income streams must be considered when determining how much life insurance is necessary.

  • Approaching retirement – A house without a mortgage, comfortable lifestyle from various investments and children in good jobs add up to a retirement that does not require significant life insurance coverage. At this point, the final expenses should be covered through the life insurance proceeds.

So, now you know how much is too much when planning to buy a life insurance. Stages of life end at regular intervals as the family ages, and careers come and go. Wise financial decisions include annual reviews when life insurance needs are also re-assessed. It’s the cost of annual life insurance premiums that will dictate the need to reduce the amount of life insurance coverage. And it’ll only happen if people know they have too much life insurance when a significant life event occurs.

Brian Johnson is a Blogger with Select Quote, a leading provider of term life insurance. The website contains a range of resources for consumers to learn the ins and outs of insurance, including types of insurance, rates, and estimates for how much insurance consumers typically need based on their lifestyle

Why Life Insurance?

    Life insurance is a necessity that too many people in society today ignore.  Sure, there are those who signed up for life insurance through their employer’s benefits, but this only carries while they are employed by that company.  The need to have a personal policy that stays with you, regardless of employment, is critical, especially for those with families or credit-based assets such as a home or business. Life insurance is not to take care of you, necessarily, but to see to those that are left behind.

Term life insurance is the most popular for most people.  It allows an individual to set the amount, the “term” or length, and is usually based on age and physical condition (though there are other factors used by most insurance companies when rating a potential client).  Many home buyers are required or requested to purchase a type of term policy known as Mortgage insurance.  The difference between term and mortgage is that term pays to the individual’s named beneficiary, and the mortgage policy pays to the lender in time of death to satisfy the loan on the home.  The latter gives protection to the decedent’s family knowing that their home is safe.  The term policy can do this, and much more.

A term policy is usually bought to ensure that anything needed for the individual’s family when they die can be taken care of.  This means that the house can get paid off, the children can go to college, any unpaid debts can be cleared, the survivors will not have to worry about bills or income for a period of time, and even can pay for the funeral of the decedent. In some cases, financial advisors may recommend this type of policy to individuals who need estate protection upon their death.

Term policies are also very good advice for small business owners, whether they are incorporated, partners, or even sole proprietors.  Having a dedicated term policy in this instance can ensure that the business will still move forward and stay in operation while management and ownership changes are made.  The small business owner needs to look at his or her work, and realize that their efforts should not die with them. Some companies, especially if they are financed, are required to have a insurance policy for protection of the entity.

Another kind of life insurance to think about is whole life insurance.  This is essentially life insurance that encompasses your whole life from the first day it is administered to the day that you die or hit 101.  Typically this type of insurance is a bit more pricey, but it does last your whole life giving you a guarantee issue of the total amount of the policy upon death. It is advisable to get different life insurance policy quotes.  It is these types of policies that can be used for funeral expenses, hospital bills or an inheritance for the remaining benefactors.

Life insurance is an important thing to consider.  It can leave a lasting legacy of your life, knowing that you thought enough in advance to take care of your family, relatives, or friends if you are no longer around.

How To Choose PPI Claims Company

    As you start your search for the best ppi claims company to use for your claim, it is a good idea to find out about their reputation before doing anything else. The best way to go about this is by talking with previous customers. Find out how their experience was with that company and if they would recommend it to you.

You should look for a company that operates on a no win, no fee terms. This means that you are not going to pay anything upfront and you owe the company nothing until your claim is successful. Make sure you ask about any other additional fees that may be hidden in your terms and conditions.

Any organization that handles ppi claims should follow a strict code of conduct and they need to be authorized to provide their services through the claims management regulator. The company should also have a license that was issued by the ministry of Justice and a reference number that is associated with their license.

The advantages of using a claims company are clear in terms of their ability to help you get the maximum compensation for your claim. The most important thing is to find the right company that meets the above qualifications.

Auto insurance: 5 questions to ask

    Are you going for Auto Insurance?  Then it is important to ask these questions.

1. What is the premium amount?

The premium amount varies according to the age, car model and the place where you live. The insurance providers offer discount when you pay the amount in single lump sum. A fee may be imposed when you choose monthly installment.

2.  What are the discounts I can enjoy?

According to the safety features in your Auto, such as air bags, alarm, anti-theft device,   you can enjoy discounts, or credits. You can also enjoy discount if you belong to some organizations like medical board association.

3. Does the policy include both comprehensive and Collision Coverage?

The collision coverage pays all the repairs in your vehicle because of an accident.  The Comprehensive coverage includes damages due to free, vandalism or flood.

4. Does the policy cover original Equipment Manufacturer parts?

Some insurance companies provide payment for original equipment manufacturer parts (OEM) and some companies provide payment for aftermarket parts.

5. Do I need Insurance Coverage which falls under Uninsured and Underinsured Motorist?

To get protected from uninsured motorist collision damage, it is a good idea to take uninsured-motorist coverage.  The agent will inform whether you need it.

Auto Insurance Without Any Trouble

    There are many first time drivers that struggle to find insurance they can afford. Very often, this means having to go with coverage that places them in a difficult financial position for the next year of their life. Insurance can be very expensive when you do not know how to go about shopping for it correctly.

Discounted auto insurance rates online would allow you to quickly take a lot at many more policies that would give you great coverage without the financial problems that you may otherwise be subjected to. Driving can be very expensive when you are not able to save on things such as insurance, comparing the best policies would be a great way to save some money.

When you look up auto insurance rates online, you would be able to determine what various providers have to offer in a matter of just a few minutes. Once you are able to enjoy more choices available within your price range, you would never have to worry about forcing yourself into getting a policy that does not keep you safe on the road. Instead, you want to determine what the best options have to offer you, this can help you to secure coverage without any trouble.

Do You Have Minimum Coverage For This State?

If the reader has ever asked himself if he has minimum coverage for this state, he probably has car insurance. Odds are that if he has more than liability insurance, he has met all of his states requirements for automobile insurance. Comprehensive plans cover more than just running into other people. Such plans will cover this of course, but they also cover things like storm damage, damage caused by the owner, and many other types of damage a person’s car may suffer.

A reader with even more familiarity with the insurance business may realize that minimum coverage for this state may apply to more than just covering himself when he is behind the wheel. It may refer to other types of liability insurances. Business owners may not be required to carry a minimum from their state, but there is no uniform standard between states. If someone wants to go without this type of coverage for his business, but he can do so. It may not be a wise idea to fail to get liability coverage, but if someone is unlikely to be sued, it is a relatively safe bet that he only needs minimum coverage for his state to cover his car.

Making Smart Decisions on Medical Insurance Quotes

    Getting the right medical insurance for you and your family can be a tedious, mind-numbing experience. Not only do you have to navigate through all the techno speak that medical insurance companies are so famous for, you then have to pick a policy that works best for you and is also cost effective. This article will cover off on not only the methods you can use for getting a quality medical insurance quote but also the various components that you should look for and things to be aware of before getting your medical insurance quote.

First off, there are two main ways of getting a medical insurance quote for you and your family—one quite traditional and the other a product of our information intensive society.

Traditionally, in order to get a medical insurance quote, you were required to contact on of a handful of reputable providers, dealing with them from the standpoint of someone requiring their services. This allows them to deal from a position of power, giving them the ability to set prices and tell you policies that they think you can afford but may not be exactly right for you. Of course, your reaching out to them for information is followed up by spam-like correspondence and calls that disrupt your day and your life.

medical insurance quotes

The second way has been given rise from the Internet. Technology now allows for a myriad of options when looking for medical insurance quotes. From collation sites that can put together a listing of medical insurance quotes from a variety of providers to easy access medical insurance quotes from the source…the insurance providers. Because of the Internet, there is now a competition for your business and a real need to find the best insurance for you at the best price.

Now that we’ve covered the main ways of getting a medical insurance quote, let’s talk about a few of the things you’re going to want to take in to account when searching or calling providers and collation sites.

Do You Have Dependents?

Dependents will play a big roll in the cost of your insurance policy. Where a person insured by himself or herself, or even getting insurance for themselves and a spouse will find that the medical insurance quote will be fairly cost effective…the addition of family often drives cost skyward. When looking for a medical insurance quote, always take in to account the number of individuals that will be covered under the policy.

Pre-existing Conditions.

A pre-existing condition can add a lot of cost to a medical insurance quote. In order to have an accurate quote, make sure that you disclose your pre-existing condition before accepting a quote that could be way off…or worse yet, void your health insurance when you need it.

Getting What You Need.

Individual health is just that…very individual. We all have different situations that we are coming from and different things that we need when contemplating and getting medical insurance quotes. Do you get sick often? Do you have aches and pains that reoccur on a regular basis and require frequent doctor visits…or specialists? Is there a pregnancy planned for the future? On the opposite side of that, you could be one of those people who rarely needs to see a doctor and has a healthy family. Make sure that you understand all the options available to you when getting a medical insurance quote. If you’re talking to someone directly, tell them what type of needs you have, whether great or small. 

Author Bio

This article is brought to you by eindividualhealth.com, a full-service insurance agency that offers affordable and reputable health insurance to individuals, families and small business. As we like to say, we put the best health insurance professionals at your fingertips so you can do what you want, go where you need to and never have to wonder…what happens if I get injured or ill? For our best rates on a comprehensive and a cost-effective medical insurance quotes, give us a call, toll-free at 888-887-4325, or online at eindividualhealth.com.