5/23/19 – more insurance – gtg

Many people have several questions about their Car Insurance that they had wished they had asked before they bought their insurance. To give you a general idea what to expect from your Car Insurance, here are some Frequently Asked Questions (FAQ) you may want to know the answer to.

Why you need to insure your car?

You need to insure your car because the law would not allow you to drive on the road unless you have a car financial responsibility, which ensures that you would be able to pay damages or injuries while you drive your car. Through your Car Insurance, you are able to do this. Government laws also prohibit driving your car without insurance. You could be given citations or fines if you violate this law.

Is there a difference between the insurance premiums of men from women?

Yes, there is a difference because men generally have a higher premium than women. This is based on the fact that studies had shown that more men have been reported to be “bolder” when driving making them more prone to accidents and injury. Researches have proven that women tend to drive more carefully and more slowly than men, therefore fewer claims paid by the insurer.

Is there a difference between the insurance premiums of younger persons from that of older ones?

Yes, younger drivers have a higher premium than older persons because statistics show that younger drivers are more high-spirited in driving. They tend to drink more and are bolder and more adventurous making them more prone to accidents and injury. Younger drivers also drive more than older drivers.

Do I need a Comprehensive Car Insurance?

This would depend upon your finances and your lifestyle. You should determine whether you would be paying more for the insurance premium or less. If you don’t drive often and your car is in good working condition, then you might not need it. This would depend upon the cost you spend paying the premium compared to the cost you would spend paying minor repairs outside your Car Insurance.

Is it true that my premium will increase after my first claim?

After your first claim, your Car Insurance premium would tend to increase because the insurer would generally increase your premium, so be sure to claim when you truly need it. You bought your insurance in the first place to cover your expenses in such eventualities but be a wise client and know this fact.

Do I pay less insurance premium if I have no records of DUI or traffic violations?

Yes, most Car Insurance Companies would lower your premium if you have no record of DUI or traffic violations. This is because it ensures them that you will not be claiming very often allowing them to earn more in the process.

These are the frequently asked questions by people who would like their cars insured. If you have questions aside from those mentioned here, then you can always ask the company where you plan to buy your Car Insurance.

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Every time you pay for a product or service a corresponding right is also attached to the transaction. This works the same with your Car Insurance. If there is something that is not to your liking you can always provide feedback to your insurance company.

However, you cannot just approach just anyone at the insurer’s office. Though it might take more time, submitting your complaint to the right person will probably mean the difference.

There are many ways to lodge your complaint but there are appropriate ways to accomplish it, to ensure that you will get heard.

Getting in touch with your Insurer

It would be a good idea if you first lodge your complaint with the person you initially transacted with.

Make it known to the person why you are making the complaint and be clear about the things that you want them to accomplish to solve the problem.

If you do not achieve progress with this person, find ways to go to the next level, a person of authority who is much higher than the one you initially referred the complaint to.

You can call or see the supervisor or manager in person to convey your complaints. It would help your cause if you speak calmly and detailing the complaint in a clear manner. Should this still not work, maybe it is time for you to opt for a written grievance.

How to write a complaint letter

If personally detailing your complaint in person or through phone does not work, a pen and paper might do the trick. However, to ensure that it gets to the right person, mark the top of the letter as well as the envelope with the word “complaint”. You should ensure that the following are included in your letter:

The name and the position of the person you want the letter to be addressed to

Include specific dates, complete names and detailed facts

Attach any pertinent documents should the need arises

Infuse it with a tone that is not offensive or provoking

Drop a line to a Complaints Department

If phone calls or written letter of complaints do not make headway, your best alternative would be to bring your complaint to this third party company. You must remember however, that you will not be considered by the Complaint Department until you have contacted your insurer first.

You are also only allowed to contact the Complaint Department which is associated with your insurer. To obtain this information, request it from your insurer.

The resolution of your complaints through the aid of the Complaints Department is always final. This means that you cannot revert to any of the other options just to get extra funds from the insurance company.

The complaints department is the usual definitive way to finally settle a complaint unless you want to take the insurer to court. This alternative however would entail another page of discussion.

But at the end of the day, we all agree that the best way to make a complaint is to not make any at all.

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There are numerous insurance companies which operate today. These insurers have numerous products to offer its customers. It can become so confusing for potential clients to go through all these companies one by one to determine which offer the best product they need.

You don’t have to visit every insurance company’s websites to ascertain what kind of insurance you need, what they are offering, how each insurer compares with the rest of the market and even how to buy insurance without getting out of your house. All you have to do is browse and read this multitude of insurance reviews to find what you are looking for.

Naturally, you only want the best coverage for yourself at the most reasonable price.

How about the other family members who will also be using the same car you have insured?

Do you need to obtain a separate insurance for them?

Is it practical to get separate insurances for every family member who will use the same family car?

What if you are given the choice to cover yourself as well as other drivers within one policy?

Would you not take the chance to apply for this type instead of getting individual insurances?

Insurance companies offer Comprehensive Car Insurance which is intended to cover every possible aspect when owning a car. The full protection policy extends coverage to drivers other than yourself.

When buying an insurance, other features not totally directly related to the policy are also considered. These deciding factors include customer service, accessibility of service and ease of getting the service. An excellent product would be useless if it is not easy to access and service related to it are poor. Therefore, when opting for an insurance policy, these attributes are also considered.

Accessing your policy information is easy these days. You just have to log on to the company’s website and manage your policies on your own. Or you can contact them through the phone and it would just be like as if you were personally present at the office, handling the transaction without the hassle of long queue and the endless wait for your turn.

One other factor that influences your choice of Car Insurance is the capacity of the insurer to meet your needs. An insurer has the edge over others when they ask questions and never leave anything to assumptions. Some people may get harassed with all the questions, but you must remember that it is through asking that an insurer will learn how they can be of real service to you.

By answering the questions honestly, there would be no misunderstandings and everything will be black and white. They can help you customize your needs providing you with what you really need thus helping you save on your premiums.

By knowing your needs and your budget, an insurer will be able to match it with corresponding services and products without leaving you penniless in the process. You will then be able to have a customized Comprehensive Car Insurance that would specifically provide for your particular needs. This is very important to consider since each client has their own particular car usage and needs.

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Differentiating vintage cars from conventional cars

If you own a car, you need to insure it to protect yourself in case of accidents or injuries involving your car. Since mandatory insurance doesn’t suffice to cover everything, you often need to obtain additional car insurance.

Most insurance companies cater to almost all makes of cars, whether customized or not. You can choose any car insurance plan from these insurers without any hassles. However, if you have a vintage car, you will have to make a special effort to find the best insurance for your classic car, which are not common.

If you don’t have much knowledge regarding insuring a classic car, you might lose out on the coverage offered by these insurers. Because of the rarity of vintage cars, agents often have a hard time assessing its real value and they may offer you inadequate policy that would not fully cover your classic car.

You may be able to get some assistance through the internet, but first have the information and documents for your car ready. You may not get much help from local agents since the market for vintage cars is limited and would not be profitable for local agents.

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When it comes to auto insurance, drivers are looking for the best deals available. They want ones that are both very affordable and offer a lot of coverage options. If you know where and how to look, you can find some really great deals for your car.

Many insurance providers are trying extra hard to attract customers with a variety of offers and discounts. Here are some personal tips that you might find useful in finding the best options for you.

How to Start?

The best way to find out about companies that provide auto insurance is by doing a search online; browse the internet until you find a few sites that you like. You will be able to find a lot of online sites and domains that will help you gather information on multiple insurance offers.

What to Look For?

Before comparing offers and their prices, you should keep in mind one very important thing, that is: what will your insurance cover? After all, that is the reason why you are looking for auto insurance.

If you use your car a lot for traveling between states, or are on the road a lot, look for extended coverage. If you do not use your car daily or just for work, you should narrow the coverage options to a basic plan. After you know what you are looking for, start checking the companies’ options to find the one that you need.

What Is the Best Way to Deal with Discounts?

Usually, insurance companies have all kinds of discounts that are they promote on their websites. Do not let yourself be manipulated by these early on. Try to find out who these promotions are focused on, who receives the greatest benefit from them, and if they apply to you. Many companies offer loyalty discounts, for customers that stay with them for a certain period of time.

If this is the first time you have contacted a company, then you will not be eligible for this kind of discounts. Try looking for one that might apply to you, such as a discount for new customers or good drivers.

What Is the Best Deal for You?

Once you have analyzed all of your options, it is then all about the math. Find out which insurance companies’ offers fit your need. After that, see which offer you can get a discount on if any is available. Next, calculate and see which one fits your budget. After all, finding affordable auto insurance is just about carefully looking for all available options.

Is That All?

Just because you have found cheap auto insurance, it does not necessary mean that you have found the best one. Make sure that the company you have found is professional and provides good customer service. As long as everything is fine, you are good to go.

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The vehicle you own requires auto insurance so that, in case of any unforeseen events, you are financially protected. The final price for your premium depends on several factors: vehicle type, year model, your state regulation, your driving record, and other variables.

The price you obtain for your rate will depend a lot on whether or not you know which questions you ought to ask the insurance company during your first meeting.

For example you should ask if the insurance company is offering discounts on their premiums if you have had no accidents recorded within the past three years. Apart from this question the steps below can ensure you get an auto insurance rate that is more affordable to you and your family’s budget.

1. The first thing you must do is to shop around in your local area in order to compare the lowest auto rates. The rates for vehicle insurance can depend quite a lot from one company to another, therefore it is advisable to get a minimum of three quotes from companies that are financially stable. Though big and reputed insurance companies are considered to have better rates and more competitive offers, local companies can be just as good, provided you take your time and shop for the best deal.

2. The second step towards obtaining a lower insurance rate is to request from the insurance company higher deductibles. By getting higher deductibles you will automatically obtain lower rate costs. According to data given by the institute of Insurance Information if you choose to increase your deductible threshold from $200 up to $500 you have a high chance of making your comprehensive and collision rate coverage decrease from 15 to 30 percent.

3. Remember that it is essential to maintain good credit. Most insurance companies will verify your credit state and according to what they find, they can lower or drastically increase your auto rate. The key is to maintain a stable credit record so that the insurers consider you to be a low accident risk.

4. Do not forget to ask the insurance company about the discounts they offer. Depending on your age, your place of living, and where you work, you can get discounts. Also, if you attend driving courses or your car is equipped with air bags and anti theft devices you can get additional discounts.

5. If you have older vehicles then it might be a good idea to drop their full coverage. You should determine first of all how much your car costs and then lower its coverage in order to get a better rate.

6. Compare auto insurance quotes before you purchase a car. It is cheaper to assess how much you pay for your car’s insurance before you buy it than having to pay a higher rate after you have acquired it. Companies will take into consideration the type of vehicle you have, its price, its repair expenditure and its theft and safety risk.

7. Make sure to have your home and auto insurance from the same company, many insurance companies give high discounts on the rates if you buy several insurances from them.

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As a family man, every penny counts. There is always something more important to be done with every dollar and this means that saving up should be your top priority. However, as efficient as cutting expenses might seem, there are some services you just cannot give up on. Your car insurance is one of them. The car plays a very important role in your family life, from driving to your jobs, to school, to the market, to the mall, on your family vacations and to visit relatives, picking up, dropping off, transporting etc. All of these trips cannot be done without having your back covered.

What do you do when you do not have a clean record?

In case your driver’s record is not clean as it should be, because you have had a few accidents in time, topped with some speeding tickets, this not necessarily have to mean that you will have to pay top dollar for your insurance premiums. Not at all! The insurance market is so varied that you can, at any time, find an insurer willing to take you on as a client, regardless of your history. However, as affordable as the insurance policy will have to be, laws specifically ask for at least some sort of minimum coverage, even in the case of cars registered in a different state or one which has been inoperative for quite some time.

What is the minimum coverage required?

All responsible drivers must take into account two possibilities: that they could injure themselves and the other people in the car, and that they can cause damage. Take for example losing control over the wheel in an area where there are cars parked on both sides of the road. You could end up damaging a number of cars and injuring yourself because of the impact. This is something you do not want to end up paying out of pocket.

No matter how much you want to save on your insurance premiums, a discussion with an insurance agent will present you the best offers of the company. Also, it would not hurt to shop around before taking a decision. The offers of companies might differ also in accordance to their personal financial background, as some companies can afford to cover more liabilities, whereas others can only cover some of them. Finding the best and cheapest auto insurance is a matter of an educated choice.

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Everybody wants cheap auto insurance, and maybe because it appears to be difficult to find one, many drivers are choosing not to have any at all. That is the worst choice a driver could make. Here are some steps you might find helpful in choosing cheap auto insurance. Although it may not look that way, if you know where to search and what to search for, you may be able to find some really reliable options.

Decide on the Coverage You Want

This is the first important step to take. Some car owners prefer insurance for theft, other for accidents, and some for both. It is up to you to decide what you need. For example if you travel a lot and you are on the road daily making long journeys, you should take into consideration getting broader coverage. On the other hand, if you use your car just to get some groceries or to pick up your kids from school, you may want to look for a lesser amount of coverage.

As I said earlier, this depends on everybody’s personal needs. One thing, though, is very important: when you choose your coverage, do not pay attention to just the cost. Insurance is all about you feeling safe and you cannot do this is your only focus is on finding the cheapest options.

Start Looking for Insurance Providers and Keep an Eye Open for Discounts

It is very important not to stop at the first insurance company that you find. There are a lot of other options out there, and, in most cases, the first one is not the best for you. Keep looking for as many companies as possible that fit all of your needs. After you have found the one you like, gather any information on their available discounts.

Many companies are giving discounts to people who have a perfect driving record. If you have not caused any accidents in a certain period of time, you will be eligible for some important discounts. Also, if your car is equipped with airbags and an anti-theft system, the price for your insurance will drop. Make a list with any available discount and see which ones could fit you best. After that you will finally be able to choose your insurance company.

Get Some Information on the Company

You should keep in mind that, although the company you have chosen may be offering cheap auto insurance, there may be some companies that are not very reliable. Be sure that the company you are about to sign on to has no problems with their former customers and that they are known for their professionalism. Also, before signing the contract, be sure that you review the terms twice in order to avoid any unnecessary problems or misunderstandings in the future.

Pay attention to all these details, follow these steps, and you will be able to find the best deal both for your car and for your budget. Visit to learn more!

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If you have recently acquired your first car or you are planning to buy one in the near future, you should take some time to read the state regulations regarding car registration and insurance at state level.

All this information is made available for all interested citizens by the Texas Department of Public Safety.

First thing you have to know is that it is absolutely mandatory to have car insurance in Texas in order to be able to register it. Texas requires drivers to carry at minimum the following auto insurance coverages: Bodily Injury Liability: $30,000 per person and $60,000 per accident. Property Damage Liability: $25,000. Personal Injury Protection (PIP): $2,500 unless you reject this coverage. This type of coverage is required for registration and must be renewed continuously for all the time period in which the vehicle is licensed.

The personal injury protection is meant to cover you or other members of your family, in case of injury, regardless of who caused the accident, whereas the property damage liability is meant to cover all damage caused by you or any other member of your family, as a result of a car accident.

Texas is one of the states where car insurance is mandatory and not optional. One thing that you must bear in mind is that you require Texas coverage, meaning that you will need a policy issued in Texas by an insurance provider licensed in this state. If you are changing your state of residence, you cannot keep your previous policy, you have to ask your agent to help you transfer your insurance in Texas.

If you fail to comply with these rules, meaning that you are found driving on public roads without insurance or without a proper one, the following will occur: First-time offenders will, by law, be cited and fined between $175 and $350. Additionally, a surcharge of $250 will be added to your annual driver’s license fee for each of the next three years. Added up, getting caught driving without insurance in Texas the first time will end up costing you between $925 and $1100.

There are also other special situations that are regulated by state law. If you live in a different state, meaning that you are not a Texas resident, but for various reasons you spend more than 90 days per year here, consecutive or not, than you are required to have a policy according to Texas state law.

In the same way, if you own more than just one vehicle, you will be required to insure all of them according to the laws in Texas, for the entire period of time when they are registered, regardless of how often you drive them. One way to cut down your insurance cost for a vehicle that you don’t use is to surrender the license plate and registration for the entire period of time in which you will not drive the vehicle. This way you can cancel your insurance policy without any risk.

In the end, we recommend you to make sure you have a valid policy at all times, although we sincerely hope you will never have to use it.

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Traveling is fun, even when done locally. If you are one of those who love to spend the holidays traveling, there are so many places to visit within the country or you could go somewhere abroad.

However, as much as traveling is a pleasurable activity that a lot of people engage in, there are some things that are just not within our means to control. There could be glitches in the travel schedule, in the accommodations or problems with lost luggage and other concerns that may affect the pleasure of your travel.

One significant thing about traveling whether it is for leisure or business, it should always be hassle-free. One way of ensuring this is to take out a travel insurance.

There are numerous insurance companies vying for a share in the market for travel insurance. Each of them has designed their travel plans in a way that will make your travel smooth and worry-free. Some of these travel plans are offered on low premiums which people can readily afford. However, you would not really know all the aspects that these travel plans cover unless you negotiate with them face to face or in a seemingly similar fashion.

With the advent of much newer technology, which most businesses are adopting to facilitate easy transaction with clients, getting a quote for an insurance does not entail personally visiting that company’s office or talking to any of their staff.

Insurance companies have maintained interactive websites which allows prospective clients to get a quote without actually interacting with any person. This is a much faster way of getting a quote which saves you time and effort since you can browse these websites through the net for free.

In addition to that, if you have not yet obtained travel insurance and are looking for the best insurer that can provide you with your exact needs, you can do so through the help of the internet.

To minimize your effort of selection from the hundreds of insurance companies available, you can turn to very helpful reviews about them on the net. By reading these reviews, you will get the idea of the company’s products and services, how they compare against other companies when it comes to service and customer care. You can find a lot of other aspects and attributes that are covered by some of these travel insurance plans but which are not known to many potential and even existing clients.

For instance, do you know of any travel insurance which includes protection for extra expenses that may be incurred in case travel plans gets altered due to medical or health troubles? Or does the quote you are getting include coverage for travel expenses to transport your relatives or friends to where you are to help you out?

Search for travel insurance packages that can be customized to meet your own particular needs without making a large dent in your savings.

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Operating a small business properly is a must to be able to earn something from it. Protecting your business is crucial as well if you want to truly succeed in your endeavor. One significant way to protect your business is to obtain a Small Business Insurance. Whether you are a restaurant owner, a jeweler, or a shoe repairer, a Small Business Insurance would ensure that you and your business are covered against damages and unfortunate incidences. To help you in ensuring that your Small Business Insurance is appropriate for you, here are top 3 tips you may want to adapt.

Tip #1 – Evaluate the needs of your business

This is a crucial tip because you can never get the correct insurance for your business if you don’t evaluate what you need to operate your business properly. How any employees do you have? How much is your business worth? Does your business expose your employees more often to the risk of injury?

Tip #2 – Read carefully the details of the Small Business Insurance

Sometimes there are exclusions in insurance coverage, so you have to read the details of the policy. You have to know what is specifically covered and what is not. Ask the insurer questions to clarify any doubt before you sign up. You can take out any of these types depending upon your need.

Professional Indemnity Insurance

This is an insurance that covers in the event you are sued because of your business or professional services. It covers attorney’s fees, court fees and other legal fees that are related to it.

Public and Product Liability

This is an insurance that covers cases when your business causes damage or personal injury. It covers also legal fees if the injured party sues you in relation to your business.

Personal accident and illness

This type of insurance covers the loss of income in your business due to personal accident or illness.

Business Interruption

This covers payment of utilities, taxes and other specified fees when your business is temporarily not operating because of a disaster.

Workers’ Compensation

This type of insurance covers your employees from injury related to your business. You may opt to insure your employees as a group to cut cost.

Equipment Breakdown

This covers the cost of replacing or repairing your business equipment when needed. Read the exclusions of the insurance though to know what machines are included and what are not.

Fraud and dishonesty

This covers loss caused by fraud or dishonesty of your employees. You have to specify what items are involved in this coverage. The loss may involve cash or goods

There are still many types of insurance coverage that you may want to include in your Small Business Insurance. You have to obtain an insurance that is tailored to your needs.

Tip #3 – Compare benefits and prices before selecting your insurance

Before selecting your insurance, compare prices and benefits. Look at the advantages that each company provides. Do not grab the cheapest insurance because it may not sufficiently cover your business. Choose the company that offers the most competitive price and the most reliable service and benefits.

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People travel all the time for different reasons, whatever these reasons are, whether these are for leisure or work related, these are still considered as trips or travels. Some people love to travel and are on the road most of the time. It is, therefore imperative that you take a travel insurance coverage to cover yourself in the event that you meet an accident while on travel.

What is travel insurance?

It is an insurance coverage that will take care of your medical expenses and losses on your part while traveling within or outside of your country. When you are traveling outside of the country the risks of getting into disaster is way too great to pass up insurance.

If the emergency is medical, your health insurance cannot cover your expenses as the insurance policy does not cover illnesses when you are outside of the country.

What are the benefits of taking a travel insurance policy?

Costs of taking travel insurance may be viewed as additional expense but if you are involved in a problem that requires you to use your policy, then you will find out that the policy is worthwhile. Travel insurance gives you peace of mind because you know that you are covered in the event of medical problem and loss of personal things.

1. It covers medical expenses, dental and hospitalization as well as costs in bringing you back to the country if you are sick.

2. Replacement of loss or theft of your personal belongings by the plane or transportation type you took for the travel.

3. Provide money back guarantee for cancelled trips when these are trips that are not refundable.

4. In the event of loss or theft, the insurance company replaces all the items.

5. The insurance policy also gives you a small amount in case of death, disability or dismemberment.

6. It also replaces your cash and documents when you lose them or if they are stolen during the trip.

7. Personal liability.

Key points to remember when you are taking a travel insurance policy

When you are having yourself covered by a travel insurance you are advised to do the following to ensure that you understood what is covered and what is not.

Understand fully well the details on what is covered by your insurance policy and what is not, what is the ceiling of the amount that the insurer will pay, what do the terminologies used in the contract mean.

Understand the terms and conditions of the policy you want to purchase, if you find the terms not good enough for you then find another company who offers the best.

Find out if the insurance policy specifically covers emergency medical evacuation and assistance, this is a very costly expense on your part if your insurance company denies your claim because of certain technicalities or vague provisions in your contract.

Talk to the insurance company for clarifications on the services and coverage contained in the policy. You may even want to go through some reviews.

Getting travel insurance when you plan to go for a trip especially outside of the country may mean additional expenses for you, but it gives you back more than what you paid for when you encounter problems while on your trip.

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Reports yield that almost 20,000 cases of travelers meeting difficulties while traveling abroad occur each year. If travels had been covered by insurance, such nuisance which led to unprecedented financial burden and stress could have been minimized or eradicated. Perhaps one of the insurances that most people neglect is Travel Insurance. Some may find paying for travel insurance premiums as just a squander of money. Nonetheless, you must realize that most travel insurance premiums are quite low and the peace that you get in case your flight is cancelled or delayed, baggage get lost or if something happens to you while you are traveling, is something worth much more than you are paying.

There are various types of Travel Insurance available in the market. Some are basic while others may include coverage for a more adventure sports and traveling to places considered at high risks. To guide you in choosing the most appropriate Travel Insurance here are some tips to ensure that you get fully covered.

Be aware of how you travel

You insurance provider should know your style of travel so that they can offer you with the corresponding coverage that will really cover you. That is why it is very crucial for you to be aware of how you travel so that you can relay this to your insurance provider. Your supposed risk amplifies the longer you travel and the more places you visit. For instance, you travel to a particular country for a week. In such instance, the probability that you will make a claim is far less than if you are going to travel to ten or more places throughout the year. If you inform you insurance provider your travel style, you will probably get better coverage. If you travel frequently, obtaining a multi-trip insurance might able to save you more money.

Ensure that your activities are included in the coverage

Since most Travel Insurances only covers the basic, you must always ensure that when you go beyond the basics, you must always inform your insurance provider so that you will be covered accordingly. Should you happen to go to places pre-identified as high risk or engages in sports that are considered dangerous without informing your provider, you might be in for a stressful time should anything happen to you. Moreover, your provider cannot cover you for circumstances that were not specifically included in your policy or made in addition to existing coverage. The premiums you will pay for such coverage would be truly worth the effort since hospitalization and other medical expenses abroad can be very costly. You can do away with the hassle of shelling out your own money for the expenses and medical bills you may incur if you get the right coverage.

Ensure that you have sufficient luggage coverage

Traditional travel insurance covering luggage is limited for it only covers the basics. When you board a plane, your bag and everything basic it contains will be covered. However, if you have some other expensive gadgets in it like laptops, digital cameras and costly music players inside, these probably would not be covered. In this case, it would be important to take a look into the terms and conditions of the travel insurance you have taken to determine how much more you can extend to cover your luggage in case it gets lost or stolen. This would be crucial at times when you are on a business trip and you lost things which are not covered by your traditional travel insurance. Getting a policy that would include extension coverage for luggage becomes a must.

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The insurance industry is thriving. While people struggle with the economic downturn, insurance companies are proliferating and making it big in the market. What do you need to do to get a fair share from the booming industry and take back some of their earnings? How will you do this? To put it simply, avoid over-insuring yourself.

With the hype that insurance companies and products are bundled in, you would have no difficulty getting insurance, which in reality you can do without,. It may be because you have failed to read the fine print of the terms and conditions of the policy or you may be a little more anxious of your needs thus, over-estimating it. Whatever is the reason, here are some important things you can take up to avoid insurance that you do not really need.

Yearly review of policies – This is very important since there are a lot of things that can happen in a year that vastly affect the insurance you are paying for. For instance, your children might have reached the age where they are not covered anymore, you might have sold or given away some things which you have included in the home insurance policy. In addition you might be paying for coverage which you don’t need until you are old and gray, which could be many years away. When you add up the differences that you obtain by making notice of these details, you might end up with substantial savings.

Thoroughly assess and review new package plans – Several insurance companies offer insurance in bundles geared towards particular groups of people. For most people, this can be timesaving since they do not have to do a lot of assessment and choosing, doing away with all the confusion of finding the appropriate policy for your specific needs. However, these packages can also add things, which you do not need, thus making you pay for items that you can do without. You need to pay attention to the fine print, to ensure that you do obtain the most suitable option for your needs. Before you make the final informed decision, you need to review the inclusions as well as the exclusions of the policy.

Gauge the implicated hazards –Insurance companies thrive by offering protection for the risk you or your business represent. If you want to reduce the premiums you pay for insurance, you must reduce the risk you or your business will confront. For instance, you are planning to start a small business. Ensure that you will not set it up in a flood-prone area or other disaster-prone place so that you do not need to get flood insurance coverage. You can prevent paying for an insurance policy you do not need by pre-assessing the risk involved of your venture.

Have clear-cut needs. – Before getting a quote or purchasing an insurance policy, you need to ensure that you know what your specific needs are. Ensuring that you are clear about your needs will enable you to get the appropriate policy without paying for other coverage or attributes that you can do without.

Get professional help – when you are confused and do not really understand how insurance works, you can turn to professionals for advice on this matter. A professional, like an Insurance broker, knows his business and will be able to help you understand the policies that might be beneficial to you.

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There’s no doubt that car insurance is indispensable these days, but there are ways in which the cost can be reduced, and it is worthwhile to keep these in mind when seeking insurance.

Car ownership is widespread, and the number of cars on the roads is expected to increase. In the last five years, online-only providers of car insurance have grown at an astounding rate, which has forced existing insurers to innovate quickly. Non-insurance companies have also entered the market, bringing with them large networks. Competition is so great that shopping around is the best way to save money on car insurance.  The internet is an invaluable resource for people seeking car insurance. Quotes can be compared easily. Online providers allow you to escape ‘phone queues’ and needless chatter and generate a quote within minutes. With no large branches, the cost may well be lower. Progressive became the first company to sell car insurance over the internet in 1997.

It is first necessary to choose the appropriate form of car insurance. Comprehensive coverage provides protection against loss of or damage to a vehicle or the property of others from collisions, fire, theft or attempted theft, acts of God and acts of vandals, regardless of who is at fault. This is the most expensive option. 

Car emissions are one of the greatest contributors to climate change, so people driving fuel efficient cars can receive cheaper insurance. The amount you pay for insurance can be reduced by taking a Safe Driving Course.

The cost of insurance depends on the age and gender of the driver, which cannot be changed. Women could choose companies that insure only women, as the cost is less than coverage for men, who are more prone to accidents. Similarly, low-risk drivers could select companies that only deal with their like and exclude such drivers convicted of drunk driving or people who own sports vehicles. Other factors are the make and model of the vehicle, the vehicle’s annual milage, where the vehicle is stored overnight, the town and whether the vehicle is owned or financed.

You can reduce the amount of your premium by limiting the number of drivers and particularly drivers under the age of 25. The optimal situation is to have a named driver only. A premium will be lower if you have been a customer of an insurer for more than five years, so you should not switch between insurers for frivolous reasons. Another way to reduce the cost of a premium is to increase the deductible – the amount you must pay in the event of an accident.

When contemplating benefits, you should imagine the circumstances where they would prove useful. As an extreme example, an extra allowance for damage to a caravan will be of no benefit if you do not own one.

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Private mortgage insurance is a policy that is taken out to assure lenders that they will receive their payments should the borrower default on a loan. This type of policy is different from life insurance taken out on the mortgage, because it leaves the borrower no benefit should they become unable to pay the mortgage due to disability or death. On the surface, it seems that mortgage insurance is primarily beneficial to the lender, because it is designed for his or her protection. Yet there are advantages to both parties in certain circumstances, allowing borrowers to purchase a home with a lower down payment. Before perusing real estate listings, it’s helpful to take a closer look at this type of insurance plan to see how it works and who benefits.

How Mortgage Insurance Protects Lenders

The most obvious benefit of mortgage insurance is for the lenders. This insurance policy helps ensure that if the borrower ends up not defaulting on the loan, that the lender will still get their money back.

The specific rates for mortgage insurance can vary quite a bit, with the lenders determining which factors are most important. These could include the type of premium, the property’s total value, the value of the down payment, and the borrower’s credit history. Using these factors, lenders are able to determine risk and set the rates that will protect their investment.

Advantages of Mortgage Insurance for Borrowers

In most cases, you need to save for years to amass enough money to buy real estate. Down payments are generally at least 20% of the full purchase price of a home. Yet taking out mortgage insurance may help entice a lender to agree to a lower down payment, so that you don’t have to wait as long to save up this money. Mortgage insurance can allow you to qualify with a lower down payment. Once you have paid off at least 20% of your balance, you may be eligible to cancel your mortgage insurance. This may be done automatically or you might have to specifically request cancellation.

It’s also possible in some cases to add the cost of the insurance along with the mortgage loan, to avoid extra closing costs. Usually, the first year of insurance will be due as part of your closing costs. Yet you may be able to negotiate with the lender to pay these on a monthly basis instead.

For borrowers to benefit from mortgage insurance, it’s vital to read all of the fine print and regulations of the insurance policy. You may ultimately not have too much choice when it comes to this mandatory insurance if you wish to buy a house with a low down payment. Yet understanding the terms and conditions will help you make the most of your payments, for maximum benefit.

In the end, there are potential benefits for both parties involved. It’s important to take mortgage insurance into account when you are looking at real estate, as it may factor into your closing costs and ultimate monthly mortgage fees. This will ultimately depend on the down payment and lender requirements.

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With the array of tools available to start-up businesses, more and more individuals are choosing to take the plunge and become entrepreneurs. Whether you’re thinking about starting your own small business or have already begun building it, there are a few practical issues to think about along the way. From creating a website to determining tax liability, a solid plan is needed as you grow your small business from the ground up. One of the first things to think about is business insurance, including how and when you will need it.

When is Insurance Needed?

Before choosing your business’s insurance policy, you’ll need to think about your business and its needs. The requirements will vary quite a bit between small businesses, depending on the type of services you offer, where you offer them, and whether or not you have employees. If you’ve just created an e-commerce website using web development services, you may not need any insurance just yet. Many start-ups are run from home, and your regular home and contents insurance may be enough provided you haven’t purchased new equipment or started seeing clients on the premises. Yet when the business starts to grow beyond this step and clients or employees are involved, it’s time to start looking into your insurance options more carefully.

Assets and Revenue Insurance

One of the most basic types of insurance for small businesses owners is assets and revenue insurance. This is designed to protect your business assets and livelihood. Compulsory insurance may be needed if you have any motor vehicles used for business purposes, as well as compulsory third party injury insurance if you deal with customers in your car or office. You may also want to choose an insurance plan that covers burglary, building and contents protection, and natural disasters. Some will choose to take out insurance that covers the cost of business interruption or loss of profits, should your business be disrupted due to unforeseen circumstances.

People Insurance

A second type of insurance for small business owners to consider covers the wellbeing of both you and your employees in case of accidents or illness. This will protect you against compensation claims stemming from accidents, including workers compensation and personal accident and illness insurance policies. This is particularly recommended if you are self-employed, because you won’t be covered by any other employer’s policies for accidents or illness. Personal life insurance may also be a good idea.

Liability Insurance

Finally, you may be liable for any injury to third parties that take place on your property. This helps protect you if you are sued for negligence due to a malfunctioning product or accident in your business. Professional indemnity insurance also protects you if your client suffers any losses due to your business errors.

Whether you run a simple web design business from home, or have just opened a franchise with a dozen employees, these are all a few insurance options to consider. Small business owners must think about many of the same issues that larger businesses must also consider. It’s worth comparing your options carefully, and looking for insurance packages that cover all of these different issues pertaining to your circumstances.

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Travel Insurance

People travel all the time for different reasons. Whether they travel for leisure or work related, these are still considered as trips or travels. Some people love to travel and are on the road most of the time. It is imperative that you take travel insurance coverage to cover yourself in the event that you meet an accident while traveling.

What is travel insurance?

It is an insurance coverage that will take care of your medical expenses and losses on your part while traveling within or outside of your country. When you are traveling outside of the country the risks of getting into disaster is way too great to pass up insurance.

If the emergency is medical, your health insurance cannot cover your expenses as the insurance policy does not cover illnesses when you are outside of the country.

Companies offer four different types of travel insurance:

Trip Cancellation Insurance. Trip cancellation insurance covers the cost of the trip if either party has to cancel. Baggage Insurance 

Emergency Medical Assistance 

Accidental Death Insurance

What are the benefits of taking a travel insurance policy?

Costs of taking travel insurance may be viewed as additional expense but if you are involved in a problem that requires you to use your policy, then you will find out that the policy is worthwhile. Travel insurance gives you peace of mind because you know that you are covered in the event of medical problem and loss of personal things.

1. It covers medical expenses, dental and hospitalization as well as costs in bringing you back to the country if you are sick.

2. Replacement of loss or theft of your personal belongings by the plane or transportation type you took for the travel.

3. Provide money back guarantee for cancelled trips when these are trips that are not refundable.

4. In the event of loss or theft, the insurance company replaces all the items.

5. The insurance policy also gives you a small amount in case of death, disability or dismemberment.

6. It also replaces your cash and documents when you lose them or if they are stolen during the trip.

7. Personal liability.

Key points to remember when you are taking a travel insurance policy

When you considering travel insurance you are advised to do the following to ensure that you understood what is covered and what is not:

Understand fully well the details on what is covered by your insurance policy and what is not, what is the ceiling of the amount that the insurer will pay, what do the terminologies used in the contract mean.

Understand the terms and conditions of the policy you want to purchase, if you find the terms not good enough for you then find another company who offers the best.

Find out if the insurance policy specifically covers emergency medical evacuation and assistance, this is a very costly expense on your part if your insurance company denies your claim because of certain technicalities or vague provisions in your contract.

Talk to the insurance company for clarifications on the services and coverage contained in the policy. You may even want to go through some reviews, just by searching the insurer’s website.

Getting travel insurance when you plan to go for a trip especially outside of the country may mean additional expenses for you, but it gives you back more than what you paid for when you encounter problems while on your trip.

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Life Insurance Loans or Selling Policy

Many elderly with life insurance coverage allow their insurance to lapse for reasons that you are no longer able to pay the premiums or simply because you don’t need it anymore.

However, before you let that happen, you must know that you can benefit from your life insurance policy even if you’re still living by selling or borrowing against your policy.

How do you benefit from your life insurance even if you’re still living?

The amount that you get by selling may not be as high as your claim if you have died or declared to as suffering from a terminal disease but it is still money that is nearly as much rather than just leaving it to lapse.

Selling a life insurance policy is favorable to and elderly who have no dependents, little mortgages or debts or to those who are suffering from a terminal disease as additional source of funds for medical expenses.

Borrowing against your policy is another option if you don’t want to lose it by selling. Insurance companies allow you, the insured to get a loan against your policy with a corresponding interest which they deduct automatically from the proceeds of your loan; it will be deducted from when your beneficiaries claim the payout upon your death. The beauty of this option is that you are not required to pay an amortization of the loan and most often it’s not taxable.

What is needed to be done in selling your insurance policy?

Selling your life insurance policy does not require so much effort from you. The only thing that the investor requires you to do is to inform your beneficiaries of the impending sale of your insurance.

Some investors however, require the signature of your beneficiaries as evidence that they know that your insurance policy has been sold and they do not have claims over it.

The insured presents the insurance policy to an investor.

The investor pays the policy holder the amount agreed upon, takes the policy and assumes the premiums of the policy until the policy holder dies.

Upon the death of the policy holder, the insurance company pays the investor the full amount of the policy.

The investor may choose how to exact settlement under your policy through viatica or life settlement, which is also used to measure the risks the investor shoulders when buying your policy. In viatica, the terminally ill policy holder, whose death is a certainty to happen now or in a few months, has lesser risk to the investor so the payout is larger.

In life settlements, the death is certain too because peoples death is a certainty but the investor doesn’t know when will that happen, thus, the risks is higher and the pay is lesser.

How much do you get from selling your insurance policy?

In selling your life insurance policy, you need to ensure that you are dealing with a licensed investor and you could get the services of a lawyer to do the terms of the sale for you to avoid scams that is proliferating in this particular trade.

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Travel Insurance

Reports yield that almost 20,000 cases of Americans meeting difficulties while traveling abroad occur each year. If such travels had been covered by insurance, such nuisance which led to unprecedented financial burden and stress could have been minimized or eradicated. Perhaps one of the insurances that most people neglects is Travel Insurance. Some may find paying for travel insurance premiums as just a squander of money. Nonetheless, you must realize that most travel insurance premiums are quite low and the equivalent serenity that you get in case your flight is cancelled or delayed, baggage get lost or if something happens to you while you are traveling, is something worth much more than you are paying.

There are various types of Travel Insurance available in the market. Some are so basic while others may include coverage for a more adventure sports and traveling to places considered at high risks. To guide you in choosing the most appropriate Travel Insurance here are some tips to ensure that you get fully covered:

Be aware of how you travel

You insurance provider should know your style of travel so that they can offer you with the corresponding coverage that will really cover you. That is why it is very crucial for you to be aware of how you travel so that you can relay this to your insurance provider. Your supposed risk amplifies the longer you travel and the more places you visit. For instance, you travel to a particular country for a week. In such instance, the probability that you will make a claim is far less than if you are going to travel to ten or more places throughout the year. If you can establish your travel style to your insurance provider the better coverage you would probably be able to obtain. If you travel frequently, obtaining a multi-trip insurance might able to save you more money.

Ensure that your activities are included in the coverage

Since most Travel Insurances only covers the basic, you must always ensure that when you go beyond the basics, you must always inform your insurance provider so that you will be covered accordingly. Should you happen to go to places pre-identified as high risk or engages in sports that are considered dangerous without informing your provider, you might be in for a stressful time should anything happen to you. Moreover, your provider cannot cover you for such circumstances that was not specifically included in your policy or made in addition to existing coverage. The premiums you will pay for such coverage would be truly worth the effort since hospitalization and other medical expenses abroad can be very costly. You can do away with the hassle of shelling out your own money for the expenses and medical bills you may incur should the activities you engaged in are not included in the coverage.

Ensure that you have sufficient luggage cover

Traditional travel insurance covering luggage is limited for it only covers the basics. When you board a plane, your bag and everything basic it contains will be covered. However, if you have some other expensive gadgets in it like laptops, digital cameras and costly music players inside, these would not be probably covered. In this case, it would be exigent to take a look into the terms and conditions of the travel insurance you have taken to determine how much more you can extend to cover your luggage in case it gets lost or stolen. This would be crucial at times when you are on a business trip and you lost things which are not covered by your traditional travel insurance. Getting a policy that would include extension coverage for such kind of luggage then becomes a must.

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Credit Card Protection Insurance

Over 10 million Texans made an online purchase during the past year according to research. Consumers throughout the world are drawn to e-commerce shops, auction sites, and daily deals websites for the convenience, savings, and novelty that they provide. Yet despite this convenience, there is the unfortunate potential of identity theft and scams. Before parting with your hard earned money, it’s worth taking a closer look at each website to ensure that it has proper security measures put into place. Another way to protect yourself when shopping online is to consider taking out protective insurance.

Shopping from Reputable Websites

One of the most common types of scams that can strike online shoppers is identity theft or credit card fraud. If a stranger gets hold of your credit card details, they can cause damage quickly. There are a couple of ways to combat this. One way is to only sign up for apps from reputable websites and shop on well-known websites. The best auction sites will have strong anti-scamming and security features put into place. Shopping on heavily advertised websites like eBay is one way to protect your personal information and avoid being scammed.

Types of Credit Card Fraud Insurance

Another option is to take out insurance specifically designed to protect you from credit card fraud. One type of insurance is a Zero Liability Guarantee, which means that you won’t be held liable should any unauthorized transactions taking place using your card. When you take out this type of insurance with your credit card company, you’ll usually need to agree to report your stolen card details as soon as possible. If you don’t report unauthorized transactions within the agreed upon time frame, you may lose your protection.

Rather than choose a credit card with a Zero Liability Guarantee, you can also look for Secure Identity insurance which allows you to cancel affected cards, arrange for replacements, and help you with police claims. If your identity is stolen, Identity Theft insurance can help you with a cash advance for emergencies and may cover the cost of replacing stolen items.

If you’ve purchased an item online that comes with a warranty, you may be able to extend this policy using extended warranty insurance. This is useful when purchasing electronic items in particular. Finally, purchase protection insurance covers online purchases against loss, damage, or theft, provided you use a credit card for your purchase.

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Car Insurance

If you are like most people who spend more for car insurance premiums than what is really necessary, you need to take heed. Surveys conducted reported that a lot of drivers today are paying for car insurances excessively, at an estimated $3 billion more or less.

To help you minimize the cost of your insurance premiums and save your money for more important expenses, here are some tips to guide you:

Determine the best coverage there is for you.

There are actually four essential categories of Car Insurance available. All of these are not applicable to you so you should ascertain beforehand what is the best coverage that would suit your requirements, to help you save money.

Mandatory – This is the kind of insurance that is mandated by law. The law requires him to pay for the insurance that will cover the expenses if your car gets involved in an accident or road mishap that may cause injury or death to other people.

Third Party Property Insurance – Policy that covers the cost for damage or repair that your vehicle may cause other people’s property.

Third Party, Fire & Theft Insurance – This is basically the same with the Third Party Property Insurance with the additional coverage for damage to your car by theft, loss or fire.

Comprehensive Insurance – This covers a wide-ranging policy which covers everything that the other three cover and more. However, it is by far the most expensive kind of insurance.

Determine what car you want to buy and the effect your choice on the insurance coverage you will need to take.

Consider the impact your choice of car has on the insurance you need. The more flashy and fast the car you buy is, the more likely it will require higher insurance premiums.

Thus, if you just need a car to drive you to work and back, a more sensible car would be ideal since insurance premiums on it would be likely lower.

Always drive safely

Of course no driver who was ever involved in an accident would ever admit that he was not driving safely when the incident happened. When you drive safely, you will not only safeguard your life and the lives of others but would also save money.

If you maintain a safe driving record and have not made any claims, you will likely pay lower insurance rates.

Gender and Age Matters

You may not know this, but these factors affect how much you will be paying for your car insurance. A female driver who is over the age of 40 is likely to pay lower premiums than a male driver under the age of 25.

Let’s just say that a female of such age would not likely make any rush decisions when driving and in fact is expected to drive with utmost care compared to young male drivers who tend to be the exact opposite.

Neighborhood and car parks

There are other factors that affect your car insurance such as the kind of neighborhood that you live in and where you usually park your car. If you live in a high-crime area or and area where there are a lot of car thefts, you can be sure to pay for higher insurance premiums.

Look around before you buy

There are many car insurance companies offering a variety of coverage at different price ranges. Shopping around for the one that will suit your needs without making a dent in your pocket will save you money. Since you already know what kind of coverage that is perfect for you, this will be easier to accomplish.

Try to request at least three insurance quotes from different companies. You can easily accomplish this through the internet. Nonetheless, do not overlook your local insurance provider since they may give you better customer service and a lower rate.

Be an informed insurance buyer

This means that you have to know what is you are paying for. You should learn the distinction of the premiums you are paying. The premium is the monthly amount you pay to maintain your insurance.

You have to bear in mind that paying lower premiums usually means you have a higher deductible.

Knowing what you are buying is one of the best ways to save money. Car Insurance is absolutely necessary as covered by law. However, you don’t have to suffer paying more than is necessary.

You should be pro-active in purchasing insurance. Read everything in the policy, including the fine print. Don’t be satisfied getting a quote from just one or two insurance companies. Remember, insurance is rated differently by different companies.

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Classic Car Insurance

Most people today who have car insurance on their vehicles either own a very modern sports car or a traditional car.

However, when it comes to classic cars, you will have some difficulty finding the appropriate coverage for it. Because these vintage cars are uncommon, agents often have a hard time assessing the real value of these vehicles. Therefore, they may offer an inadequate policy that does not offer full protection to your vintage car.

You might find it difficult to find a local agent who will be able to help you understand car insurance on classic cars. You may find some help online but not until you have done the following steps.

Gather all the needed documents

You need to gather all the documents pertaining to the classic car.  If the documents are not in your possession, you will need to secure all the receipts for the initial purchase of the car including any receipts of spare parts and the cost of repair. Make a list of all the replacements, in case you have traded any of the car’s original parts and state whether the replacement is an original or a surplus. You should also make a note stating the VIN number of the vehicle, the engine make and the mileage. Also note whether it still has its original engine or a replacement.

To make a digital copy of the documents, scan it in PDF format. Just make sure that you blacken out all personal information that might be used to steal your identity.

To obtain a comprehensive photograph of your vehicle, use a digital camera to take pictures. Ensure that you get a picture of all angles of the car, from inside out. If the car possesses a certain attribute it might do you good to take a good picture of it too.

After you have finished compiling the necessary documents, you need to get an assessment on the vintage car from a trustworthy appraiser. You can present an evaluation of the most recent sales of same make of cars and coupled with other relevant information; make a digital copy of this data.

Shop around

You should not stop after getting a seemingly low-priced quote from one insurer. Car Insurance is a big market and many companies offer great deals. You can go online to search different quotes. Most online insurers will give you a quote for the insurance that will cover your vintage car. However, there are online websites which actually yield data from other insurance companies, presenting therefore not one, but multiple quotes from insurance companies.

Ask for an “actual cash value” policy when you obtain quotes. Usually this refers to the highest amount as indicated in the policy. Unlike contemporary cars which devalue, classic cars actually increase in value. Thus, you need to ask for the present appraised value and strive to appraise it when you renew your insurance policy to keep the value up to date.

You should also be aware of the “stated amount” type of policies wherein the insurer lay down the maximum amount that they will pay to you in case of damage or loss. Should you incur loss or damage to your car and if the value has increased, you will still be able to claim the amount equivalent to the market value of your car, instead of the actual value. On the other hand, if the actual value is less than the stated amount, you will only receive the lesser value of the two.

Generally, you should look around and deliberate on the different types of car insurance for classic cars that best suits you before you make your decision to purchase. You should not focus on only one agent. Try to obtain as many as practicable and compare every feature before making any decision.

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Car Insurance

Young drivers are usually comprised of students or those who have just graduated and are searching for jobs or have been newly hired in positions which are still very modest.

However, despite their circumstances insurance companies still often give them car insurance quotes that they can hardly afford. Of course, there are also mature and experienced drivers who are also finding it hard to find inexpensive insurance.

Nonetheless, for insurance companies, age and being a new driver usually goes hand in hand. Of course, there are other companies out there which can readily provide insurance services especially for the young drivers.

Young drivers have to be informed about some other important features regarding the acquisition of car insurance.

Insurance is critical of your age

High probability of risk – Insurance providers are in the business to earn profits while rendering their particular brand of services. Thus, when they insure a particular group of potential clients, they have to make a risk assessment to determine if such move would prove to be a profitable venture or a liability in the end. These providers are prohibited by law from refusing to render their services on the basis of age. However there’s no law prohibiting these companies from quoting costly premiums to these young drivers.

Statistical data are revealing – Data has it that history of drivers who are aged 25 years and below are risky. According to survey, providers consider this particular age group to have the propensity to get engaged in accidents and filing for claims afterwards for the damage and injuries they suffer. For that reason, high premiums are charged to these young drivers.

Figures say it all. Information says that young drivers have less experience on the road and are more predisposed to find the thrill of driving faster. Many accidents are caused by young drivers who were under the influenced of alcohol and were driving drunk at night. These factors, coupled with the tendency of the young to be quite risk-takers when on the road often result to accidents.

Other contributory attributes – Insurance premiums are also influenced by the location of the residence, the educational background and the gender of the driver. This means to say that a female driver who is a college student and resides in the suburb will have lower premiums than a high school male driver who lives in the city. But then again, the premiums for the college female will also lean on the high side due to her age.

Depending on Mandatory Insurance Only

Insurance is mandated by law for every person driving a vehicle. It provides coverage for the damage or death that might arise from accidents involving the insured vehicles. Most young drivers are inclined to believe that mandatory insurance is the most excellent option for them, after finding that they can’t afford comprehensive coverage.

These young drivers do not realize that not all mandatory insurance provides coverage for any damages or injuries to the owner or driver. Should unfortunate events befall the concerned driver; financial burdens rests on his pocket or his family to shoulder the expenses. Thus, even though comprehensive coverage is more expensive, it is well worth it in the event of an accident.

Let your parents take you under their wings

Parental guidance and protection – In cases where a young driver has no capacity to pay for comprehensive car insurance, he might opt to be added to his parent’s insurance policy until the time that he can afford to pay for his own. In this way, a young driver can develop and maintain a good driving record until he is capable to pay for his own insurance. Hopefully by that time, he will have gained enough good credit standing that will allow him to enjoy discounts on insurance.

Education matters – Some insurance companies also take into consideration the educational attainment of the driver. A good scholastic performance might lower premiums. Enrolling in a safety driving course would be an excellent idea.

Prudence and good sense counts

Financial aspect – Insurance companies charge high premiums to young drivers because they tend to view new drivers as reckless. If you present yourself as someone who is careful where you park or keep your car when not in use or you install system that will thwart a would-be thief such as alarms and airbags in cases of accidents, insurance providers would think twice before they identify you as high-risk. You can show them that you are low-risk by not altering your car’s original design or you opt for low-key cars instead of the very flashy fast cars. This behavior will tell them that you are responsible and not a young risk-taker or reckless driver.

Sensible manners will propel you a long way towards obtaining affordable insurance premiums. Proving your worth as a sensible driver who does not make traffic violations and not getting involved in traffic accidents frequently can mean you will build up your good reputation as a driver which equals to no-claims bonuses and discounts. This would further mean that you can save on premium payments. For some young drivers, these might be difficult to achieve since it takes effort to act mature and not be tempted by peer pressure.

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Rejected Claims

Nothing can be more frustrating than paying your insurance premiums religiously and your claim is rejected when a situation arises that is covered by your policy. You may need to get a legal adviser, but never take the rejection as the end of everything.

Re-examine your policy

Insurance providers revise their policy terms and conditions. However, your insurer should always inform you in writing of any changes or revisions of policies that may affect the coverage you have taken.

If they have revised the terms and conditions without formally informing you, inform them of their failure to do so. If the rejection was based on such revision and you were not informed, you have a case to settle with them.

Should your insurer base their rejection on a policy other than the one you are holding, you can easily rectify the mistake by informing them of their oversight. You can accomplish this by requesting a copy of the policy on which they based their rejection and comparing it with the policy you own.

No insurance company wants to go to court for blunders they have committed and will readily take steps to rectify their mistakes.

Determining the exclusion policies

There are exemption policies that make some claims void. If the rejection of your claim is based on some idea that your claim is covered by one of these exclusion policies, you should make sure that you are able to determine what kind of policy they are referring to.

You should conduct a meticulous scrutiny of this policy.  If you find evidence that leads you to believe that your case should not be rejected, you should take action.

Contact the insurance company and inform them that you want to appeal your case. At this point, you might need to find a lawyer to represent you and prove the validity of your case.

Determine who is at fault

In an accident, no matter the outcome and regardless of your condition, it is crucial to determine who caused the accident. This is very important if it is proven that the accident was caused by a person other than yourself or by an act of nature. The insurance company has no reason to reject your claim.

If you can prove that the accident was not in any way caused by you or negligence on your part, you may be able to establish that the rejection of your claim is unfounded.

You should not do it on your own

Whether we admit it or not, when it comes to insurance claims, proving that you have the right to plead the case or that you are not guilty of a particular misdeed can be very daunting. Doing it on your own, especially when you are dragged into court, is simply impossible. Thus, you need to seek legal help. Find a lawyer who is reputable and can represent you to reverse your rejected claim

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Insuring Imported Cars

If you have just imported a car and want to obtain insurance for it, you should be aware that you will have to pay higher premiums than you would a car that is American made. This holds true especially if your car includes customizations that allow it to run at very high speeds.

Why premiums for imported cars are higher than locally-made cars?

Since imported cars are manufactured outside America, they are modified to meet the standard of driving within the country. These cars are often customized to make them run at very high speeds compared to most American-made cars.

For this reason, many insurers refuse to insure them because they tend to get involved in accidents due to their capacity to run at very high speeds.

Imported cars are the rage amongst young male drivers who are already considered high-risk to insure considering their driving techniques and their inexperience driving. Due to this reason, most insurers have imposed age restrictions when they do insure imported cars to restrict the possibility paying a claim.

Some companies have also set limits on the number of modifications they will cover.

How to insure your imported car wisely

At present, you may encounter some difficulty finding the appropriate insurance for your imported vehicle.

Go for lower performing imports – Imported vehicles with lower performance are not as costly to insure as high performance vehicles.

Boost your car’s security to maximum – Imported cars have the allure for thieves because of their very nature, they are not made locally. Thus, if you want to optimize your car insurance, ensure the security of your car by keeping it at a safe place and never parking it on the street where it can be easy target for thieves. Outfitting your car with an excellent quality alarm and immobilizer would also be good and worthy investments.

Opt for a higher deductible – If you want to ensure that you get to pay lower premiums, you must opt for a higher deductible in the instance of a claim.

Minimize its usage – Using your vehicle on a daily basis raises the chances that it will be involved in a road mishap. If you want to pay lower premiums, you should use your imported car less often, as the likelihood of an accident is reduced, thereby also diminishing the chances of  a claim. You should also be aware that if your imported car has been customized with speed enhancing alterations, you will likely pay for higher premiums or you might even be refused by insurers, as they are hesitant in insuring these type of vehicles. The likelihood that such imported cars will be involved in accidents rises up with these kind of modifications creating reluctance on the part of the insurer. Although you might likely be charged with much higher premiums, there are still ways to slightly decrease the amount. You just have to find ways to do this, without sacrificing the coverage and payout during claims.

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Insuring Classic Cars

Classic cars are usually rare and unique. If you own one such vehicle, you will probably want to safeguard the car. Unlike traditional cars which can be insured by the traditional car insurance, you need to obtain special car insurance for your vintage car.

Such vehicles require insurance that can meet its needs. Regardless of whether you have modified your vintage vehicle, remodeled it or bought it from someone else, you will want to protect such a unique asset.

Classic cars are made up of parts that might be quite expensive to replace. Insuring your vintage car may be more costly than insuring a contemporary car. Nonetheless, you will find that it is worth it, especially if your classic car gets into an accident.

Search for an Insurer which specializes in Vintage cars

There are numerous car insurance dealers in the market. However, only a few specialize in vintage car insurance. Since classic cars are vastly different, you should make sure that your insurer has the necessary expertise when it comes to vintage cars.

Why go for the specialized Insurer? There are numerous reasons why you should opt for the experts.

A specialized insurer will know the difference in appraising a vintage car and a modern car.

Most non-expert insurer will not provide insurance for vintage cars. The reason being, a vintage car grows in value as time passes and modern cars devaluate as they age, starting from the moment they were purchased and driven off the carlot. That is why it is so important for you to look for insurance coverage that appreciates with the full worth of your car.

Owners of vintage cars often do not know the real value of their car, so they hire an independent appraiser to determine their value. Insurance companies that specialize in vintage cars often do not need an appraiser to determine the value of the vehicle. They have become experts in valuing classic cars and can often tell on sight how much the car is worth.

Should there be restoration or improvement on the car, an independent appraiser should be required to determine the value of the car.

Who is not entitled to apply for Vintage Car Insurance?

Finding a specialized insurer is difficult at best. Obtaining classic car insurance is more difficult if you don’t have a clean driving history. To be able to obtain vintage car insurance, you should not have more than two slight violations or even one serious moving violation. It is too risky for the company to insure a vintage car if you have even one moving violation.

If you are a new driver, you cannot acquire vintage car insurance for your vehicle. A driver must have been driving for more than five to ten years before he is allowed to obtain classic car Insurance. All the specialized insurers require that the driver be above the required minimum age before they are allowed to obtain the insurance.

How much would Vintage Car Insurance cost?

The cost of the insurance will really depend on the car’s model, the age and the physical condition of the car. If the car is unable to be driven on the road anymore, you can be sure it would have a lower premium than a vintage car which can be driven.

You will also be paying differently for classic cars which are just driven to car shows compared to a unit which is being restored or to the one which is regularly use. You should also consider the cars which are more than 15 or 20 years old. They might already be deemed as belonging to the modern classic and thus are under different insurance regulations.

If you have a vintage car, you should obtain the appropriate insurance for it. Just imagine if your priced possession gets into an accident and all those hours you have spent restoring it. You will surely want to regain the investment you have put into it, both time and money. You should ensure that you get maximum protection for your classic car to safeguard your effort and your investment.

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Glass Coverage

When you purchase car insurance, you might not have glass replacement coverage in mind. However, it should be considered.

There are several things that could happen to your windshield and it would be a good idea to consider such a thing when you buy Car Insurance.

Is this really important?

Considering several factors, it is not really that important. However, restoring your windshield and having to pay for the expense can be quite a headache if you have not allocated any budget for it. A simple fracture on your windshield is estimated to cost $20 to $70.

Fully replacing your windscreen would probably cost you about $100 to $300 or more. Though not really that earth shattering, it could still make such an impact on your budget especially when your finances are tight. When the replacement of your windscreen is not covered, you simply pay for it yourself.

Insurance Prospective on your Windshield 

Your can insurer can meet your auto glass needs in several ways. You might find the following in your existing insurance or prospective policy:

Specialty windshield repair deductible – If you have a high impact deductible, some insurance company will offer lower specialty windshield deductible.

Free repairs – Numerous insurers will repair simple fractures and chips and cover the cost.

“No penalty” repair policy – Premiums are likely to remain low due to the nominal nature of the damage.

Comprehensive coverage – Taking a comprehensive Car Insurance plan almost always means that repairs for your windshield will be part of the coverage.

None – This simply means that it is not covered by your present insurance and you would have to pay for the repair.

Your insurer will probably offer you various points of view on this subject. That is why it is important for you to determine what is included in the terms and conditions, especially in the fine print before taking the insurance.

You might get a free-repair or comprehensive coverage. That would all depend on the kind of insurance you have. Do not be caught unaware, be proactive and read the policy through before you sign. It is better to be ready than to be sorry later.

Understanding the impact

It might not be the deciding factor in getting particular Car Insurance but obtaining free windshield repair is still a great factor to consider when coupled with other attributes. These other attributes can range from getting free towing and labor fees.

Car Insurance coverage is most crucial especially when you need it the most. When considering your options, looking into the various coverage for minor things might have you consider a specific policy.

It could be as minor as free windshield repair that could finalize your decision in signing on a policy or it could be something else.

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Each insurance company has their own set of rating criteria, so the rates from one insurer may be significantly different from another. Not every insurance company raises rates with every renewal. Some actually lower rates when they have favorable underwriting profits from the prior year.

There is a very good chance that you are currently paying too much for car insurance.

Lower Your Rates

Texas car insurance rates change regularly, and the rates you paid last year might look quite cheap compared to this year. Out of the more than 17 million people driving in Texas, many of those consumers have saved money on car insurance.

Entering the same quote information can be repetitive and take time, so many online sites gives you multiple comparisons with only one quick quote form. You may have found your car insurance rates have increased due to an accident, a claim, a teen driver who just got their license, or some other event.

Compare Car Insurance Rates

If you’re comparing equivalent auto insurance quotes, you should get a good idea of which insurance company offers the lowest price. Prepare to pay more for physical damage coverage than liability coverage. Liability averages about $449, while physical damage insurance costs $456 for the average driver.

If you need an insurance agent to help you with your car insurance coverages, you will find them locally.

Both New Car and Used Car Insurance Quotes

Many consumers still prefer to use an insurance agent rather than buying insurance on the web.

If you can use the internet and read your policy declarations page, you can easily compare rates of other companies. People who buy insurance online are more likely to find lower rates because they can compare more rates more quickly.

Lower your Car Insurance with These Tips:

Car insurance rate comparisons should be made every year. This helps you place your coverage with the lowest cost car insurance company.

Compare car insurance online

Students with good grades often qualify for a discount rate

Compare car insurance quotes at least once a year to make sure you’re getting the lowest rates

Senior citizens can often receive cheaper car insurance rates

The only way you’ll know if you’re getting a good deal is to compare the rates of competing companies!

Buy Online or Find a Local Agent

Keep in mind when getting a car insurance quote that the  state minimum liability limits are 30,000/60,000/25,000. You will want to buy more liability insurance than that however.

Your ‘dec’ page or declarations page of your auto insurance policy outlines your current coverages and shows you the coverages you need to compare insurance rates. Local insurance agents can give you quotes from many companies approved to sell insurance in Texas, and they also provide you with professional advice and guidance.

If you could save 40% or more on your car insurance, wouldn’t that be time well spent? Compare quotes online!

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Your ‘dec’ page or declarations page of your auto insurance policy outlines your current coverages and shows you the coverages you need to compare insurance rates. Car insurance rates don’t always go up, and in fact they do decrease occasionally.

People tend to stay with the same company for years, even though they may be paying more than they have to! Compare rates from other companies today and prevent this from happening to you.

You CAN Pay Less for Car Insurance!

Car insurance rates change regularly, and the rates you paid last year might look quite cheap compared to this year. If you think you car won’t get stolen, think again. There are over 6,476 vehicle thefts each year in the area.

Many consumers still prefer to use an insurance agent rather than buying insurance on the web. A car insurance rate comparison can easily be done simply by searching online.

Compare Car Insurance Rates

It only takes about five minutes to get multiple estimates from different companies in your area. Don’t assume the rates you paid last year for car insurance will be the same this year. It’s important to comparison shop your coverage with different insurers every year.

If you own a home, a good way to save money on your car insurance is to combine your auto and home policies with the same company.

Buy Online or Find a Agent

Independent insurance agents are able to provide you with insurance quotes from multiple different carriers so if you are comparison shopping, make sure to include an independent agent in your list.

If you can use the internet and read your policy declarations page, you can easily compare rates of other companies. Quoting and buying car insurance online has become much easier over the last few years.

Tips for Saving Money on  Car Insurance:

Filing excessive claims will not only raise your rates, but may also force your policy to be cancelled by your insurance company

Belonging to certain professional organizations can earn you a discount

Some  car insurance companies offer lower deductibles with each policy term you do not have an accident

Making your policy payments in installments can actually cost you more than paying it in full

Drivers can save significantly by purchasing their home (or renters) insurance and car insurance from the same company

Being married may qualify you for small savings

Students with good grades often qualify for a discount rate

Make sure your policy has the correct mileage and usage rating on your vehicles

Compare car insurance rates and see if you’re spending too much on car insurance!

Pay Less for Car Insurance

Prepare to pay more for physical damage coverage than liability coverage. Liability averages about $449, while physical damage insurance costs $456 for the average driver. If you need an insurance agent to help you with your car insurance coverages, you can find them locally.

Local insurance agents can give you quotes from many companies approved to sell insurance, and they also provide you with professional advice and guidance. Online car insurance rates can be significantly different than what you may get from an agent, so it’s important to get quotes from both to make a fair comparison.

If you could save 40% or more on your car insurance, wouldn’t that be time well spent? Compare online quotes!

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