Kamis, 27 September 2012
Buying Different Insurance Policies for Your Car
The car insurance policies available in the current Indian market differ and depend on the vehicle that you want to purchase. Insuring your car is as important as insuring your life from uncertainties. To suit the changing needs of people, the Indian insurance industry offers many different types of policies. No matter which car you own, availing adequate coverage to protect your vehicle is very important. Inadequate insurance coverage will do no good to your vehicle. When you plan to buy a vehicle insurance policy you need to keep in mind things about the cost of application, its coverage, policy period and other details. Usually people buy insurance policies that offer maximum coverage preferences. In order to avail professional coverage for your beloved car, you can meet the expert policy providers and ask them about available schemes.
Check the Coverage
Whenever you plan to buy vehicle insurance, you need to check its coverage details. Make sure to buy a policy that offers expected protection. You never know which natural calamity or a human error would damage your car. When it is insured from a well-reputed insurance company you receive required ama
• Disasters like fire strike and car accidents
• An act of damage or theft
• Natural calamities or an uncertain event
• Your car insurance policy would also cover costs related to damage repairs, crash or installation of new car parts.
Typically, buying a new car insurance policy from a safe and secured website is a fastest way to safeguard your asset. Thanks to loans and betterment of standard of living of the people, more and more families are able to buy their new dream car. With insurance policies, you can easily offer coverage to your dream vehicle and keep it protected.
Whether you want to buy a brand new policy or renew an already existing one, you can depend on the online portals. Car insurance renewal is a simple procedure that you can follow with just a few clicks. Generally, you can apply for a suitable vehicle insurance scheme as per your age. Just like the personal insurance, it is essential to apply for vehicle insurance at an early age. The younger you apply for a policy, higher the insurance premium will be. In order to avail genuine insurance policy for your vehicle, make sure to contact a reputed agent or a broker. They will help you find out all details about available policies and their coverage features.
As more and more people are planning to buy second hand and small cars, they find it simple to insure them from a professional broker. Easy online application and renewal procedure of the insurance policies allows people to quickly avail required services. Use the calculators to accurately calculate the policy premiums or use the tools to compare different policies. You can even find a policy that has been custom made as per personal requirements and coverage details.
Rabu, 29 Agustus 2012
I generally consider myself to be a good and safe driver. I am generally alert and watchful for hazards in the roadway. Last year I was driving my children to school when a deer jumped out from behind a bush where it had been hiding, and began sprinting across the highway. I didn't even have time to hit the brakes when I struck the deer. All I remember was my seven year old son saying: Daddy said a bad word. It didn't make for a good morning.
Cars and Deer are not a good combination. It can prove lethal to the deer and very costly for the owner of the vehicle. It can also prove to be lethal for the driver of the vehicle. The Insurance Institute for Highway Safety states that deer involved collisions were responsible for about 200 fatalities per year. Last year nearly one and a quarter million such collisions occurred in the United States and the resulting damage cost more than four billion to repair. The average cost to repair a deer related collision was about thirty three hundred dollars. Deer mating season and migration generally runs from November through December and this dramatic increase in movement causes a corresponding increase in deer-vehicle collisions during this time of year.
If you take a close look at your insurance policy you will find that damaged caused by hitting a deer or other animal in the road is NOT covered under the collision portion of your policy, but rather under the comprehensive coverage. Comprehensive - also referred to as Other Than Collision - covers things such as theft, vandalism, and other nature events such as hail, windstorm, falling or flying objects, etc.
Comprehensive coverage is usually less expensive to purchase than collision coverage is. Some insurance companies will allow you to purchase comprehensive coverage without the corresponding collision coverage while others insist that they be sold as a package deal.
Please do the following to avoid deer related accidents:
• Remember that deer can be found anywhere - not just in rural areas.
• Deer are unpredictable. When faced with scary things like headlights and car horns they will often do the very dumbest of things.
• Deer are herd animals - if there is one there will probably be more.
• Pay attention to the deer crossing signs - that means that deer may very well be crossing.
• Always wear your seatbelt.
• Use your high beams when driving at night and pay attention the area off of the roadway.
• Deer are most active at dusk and early morning; special care should be taken at these times of day.
• Do NOT veer to avoid the deer. Brake firmly and stay in your lane. Many serious injuries and fatalities occur when drivers attempt to avoid the collision and lose control of their cars.
• Do not rely on deer whistles, deer fences, or reflectors; while these items can help they are NOT foolproof. Don't bet your life on them.
Kamis, 26 Juli 2012
Classic cars, unlike more modern automobiles, may qualify for less expensive insurance than traditional insurance products simply because the vehicles are driven less frequently. This limits the owner's liability exposure, and most classic car owners generally treat these cars especially well.
Suggestions for acquiring classic car insurance
Most policies have a required driving experience clause.
Some exotic car insurance policies may only cover classic cars if the principle driver has five or more years of experience on the road. Some may also specifically prohibit allowing anyone with less than the required experience from operating the vehicle.
Ask how damaged parts will be replaced.
For owners of an older exotic or rare vehicle, it's likely that tracking down parts may be difficult. Often procuring or reproducing an older part can add significant costs or time delays to the vehicle's repair. Some insurance companies offer parts location services, so it may be better to know ahead of time how the insurance company will pay for, or assist in this process.
Understand exactly how the car is valued.
Many insurance policies cover a vehicle's actual cash value, which means the value is depreciated and the owner pays a deductible. Other policies will pay the stated value, which may be less than the real value of the car, which means receiving less money than anticipated in the case of damage or loss.
An agreed-upon value means the policyholder and the insurer have reached an understanding of the real value of the car and what the insurer will pay. If unsure, it's always a good idea to have it appraised prior to shopping for insurance.
Find out if the policy covers appreciation.
Classic vehicles may gain value each year, unlike most modern vehicles, which depreciate year after year. Look for an appreciation clause, review the contract annually and have the vehicle appraised every 2-3 years to make sure the insurance policy covers the vehicle's current value.
Will the insurance company cover vehicles in the process of restoration?
Many classic or collectible cars may not be in showroom-ready condition, but the owner will still need to protect their investment. Some policies will cover vehicles in the process of restoration.
Understand the responsibilities of the owner.
Read the fine print in the policy's terms to make sure all the conditions are being met. Some products may limit the number of miles the vehicle may be driven annually, cover driving only during certain times of year (seasonal policies), or cover only vehicles protected from weather or vandalism in a garage.
Senin, 18 Juni 2012
Vehicles are a great investment and a valuable possession. Numerous people prefer having their own vehicles as it eases traveling by public transport. Having a vehicle gives an individual the opportunity of travelling to any place and at any time. This is a fairly better option if you want to travel in the middle of the night. However, there are certain factors that need to be taken into consideration. It is very important that you take good care of your car by having it serviced from time to time. However, with the rise of prices of cars and other vehicles, it is impossible for a common man to possess this expensive asset. Many a times, numerous people borrow someone else's car. However, if you meet with an accident while driving a car it is important that you have insurance. This is where Non Owner SR22 Insurance comes into picture.
Have you ever borrowed or rented your friend's car for travelling from one place to another? In this case, it is vital that you obtain Non Owner SR22 car insurance. Still wondering what Non Owner SR22 insurance means? This is basically a policy with certified SR22. These policies are beneficial for those people who have rented or borrowed a car or other vehicle. This policy covers a large area which includes the injuries and damages caused to the vehicle and the occupant during an accident. This policy is not applicable for people who have used their own car for regular use, has a car registered in your own name or vehicle driven regularly. If you have your car, this policy will do no good. It is advisable to opt for traditional car insurances then. This is applicable only for rented or borrowed vehicles. The main benefit and difference between a traditional car insurance and Non Owner SR22 Insurance policy is that it offers lower annual mileage rates since it is not your car.
Getting your Cheap Non Owner SR22 Insurance policy is not a difficult task as they are easily available through various online portals. Numerous online portals offer the services of SR22 insurance policy at much affordable prices possible. The major reason why numerous people opt for non insurance policy is because they want SR22 filing to restore their license that has been lost due to DUI (Driving under the Influence) driving. The prices do not differ between a traditional car insurance and non-owner insurance. However it is rightly said, 'Better late than never'. Why take a risk when you are driving borrowed or a rented car?
These online portals offer Non Owner SR22 Insurance Quotes at affordable prices. The process of obtaining quotes is easy as all you have to do is to enter your basic information. As soon as the information is given, they provide a long list of non insurance quotes. Choose the right one that best suits your needs and requirements. Obtaining them online also gives the advantage of comparing them with other companies. Compare and select a right one. Get your online quotes today and secure your borrowed car. Surf the relevant website for more information.
Selasa, 22 Mei 2012
The motor vehicle breakdown cover ensures a hassle-free driving experience. No driver is totally in control of their driving; drunk drivers, sudden motor breakdown and bad weather are some of the outcomes that are likely to cause trouble on the road. However, with the right cover, you can call for assistance easily. The cover helps in ensuring that the motor vehicle is insured irrespective of the person behind the wheel.
Before shopping around for the right cover, it is important to decide whether you need a personal policy or a vehicle policy. The personal policy seeks to insure the person while the vehicle policy seeks to cover any person behind the wheel of an insured motor vehicle. There are also extensions insurance policies available. A notable extension of this kind of policy seeks to cover the driver even when he/she becomes a passenger in a different motor vehicle.
The cover is more critical for the foreign drivers. Travelling through cities is fun and exciting as long as everything is working out right on the road. When the vehicle breaks down that is when you realize that the least assistance is necessary. With the right cover, you will overcome the likelihood of being stranded by the roadside. The cover normally offers 24/7 roadside assistance, priority service in case you find yourself in a vulnerable situation and speedy roadside repairs.
Everyone wants the best cover. Shopping around will help you get the best. You will need to consider several companies to determine the plans they have in place. It is important to ask many questions to help you narrow down on the choice of the policy. It is important to cast away fear by asking whatever is in your mind if you want to get facts about the policy you are being offered.
The main benefit of the cover is that it allows you to relax knowing that every precaution has been taken into consideration. Another benefit of the cover is that it saves time while on the trip. Many times when the vehicle breaks down it takes time considering who to call and waiting for the service. You would end up wasting a whole day waiting for the service. The cover also helps in saving money.
Jumat, 20 April 2012
Buying a car can be an expensive business if the right loan with the right terms and from the right lender is not secured. But when bad credit is mixed into the equation, simply getting a loan can be the most difficult aspect. This is because, for most traditional lenders, granting auto loans with low credit scores is too great a risk.
But there is a way to convince lenders to take that risk, and for bad credit borrowers to protect themselves against unnecessary charges and hidden fees. Knowing how to prepare and what details to look out for is the surest way to secure loan approval with bad credit.
There are some steps that everyone seeking an auto loan should take to improve their chances of success, especially when they are without the benefit of a high income and excellent credit history.
Know Your Budget
The first step to buying a new car is not in selecting the car. Knowing your budget in advance is more important, since it is this that decides what car is affordable. This is particularly important when seeking auto loans with low credit scores, where approval rests on proving repayments are affordable.
So, make a careful note of all of the existing debts already being repaid, as well as the general monthly outgoings, and compare that figure with the monthly income. This will reveal the excess income available. If the loan repayments are limited to 40% of this figure then approval with bad credit is very possible.
The 40% limit relates to the debt-to-income ratio lenders apply when assessing applications. With a realistic budget calculated, it becomes easier to find an auto loan that is affordable and, therefore, more likely to be approved.
Consider Sub-Prime Lenders
Choosing the right lender is important, but for those seeking auto loans with low credit scores, the challenge of getting approval is more difficult. Traditional lenders tend to be hesitant, so there is always uncertainty surrounding the application. But subprime lenders are much more likely to ignore bad credit histories.
Of course, there is a compromise to be made in that the interest rates charged are higher. The reason is that subprime lenders are at a greater risk of losing on the deal because they are willing to grant approval with bad credit.
Higher interest might be enough to seek an alternative option, but since these lenders boast a high approval rate, they also offer the surest route to securing the funds needed. The importance of proper budgeting comes into play here too, but the auto loan is at least more accessible.
Compare Before Choosing
A third wise move when applying for auto loans with low credit scores, is to take time to learn the details of the loan agreement before deciding on the lender to apply to. The Internet is a great resource when it comes to finding excellent deals, but hidden charges and penalties can mean a loan is not as great a deal as it first seems.
Certainly, it is better to secure car financing independently from the car dealers from whom the car is purchased. But the amount of options online means some care is required before choosing a lender.
If applicants check the small print for pre-payment fees and other penalties first, then getting approval with bad credit is more likely to be the benefit it promised to be. But, be sure to check the reputation of the lender first through the BBB website before applying for an auto loan.
Rabu, 21 Maret 2012
Having the use of a hire car if your own vehicle is off the road after an accident is an important feature of many car insurance policies. For most people, not having the use of a car is a real hassle. Getting to work, going shopping, taking the kids to school; we need a car for almost everything we do these days.
Does your policy provide you with a replacement car if your own car is off the road being repaired? Do you know if you get a replacement car under all circumstances or are there certain pre-requisites? How long do you have the car for? Most people probably couldn't answer these questions so here's an overview of the common terms associated with being provided with a car rental.
Firstly, if you only have third party cover you can pretty safely assume you won't be provided with a replacement car. This is really just a feature of comprehensive and third party fire and theft car insurance.
Common conditions for having the use of a hire car after an accident:
· The insurer will cover the cost of the hire, but it may be in the form of a reimbursement. Be prepared to pay for the hire car yourself and then claim back the cost.
· There will be a maximum number of days for which the cost will be covered. 7 or 14 days are common.
· In some cases you may only be able to claim the cost of the hire car up to the point that your claim is paid.
· You will need to pick a hire car that is similar to your own car. Don't expect to be driving around in a Ferrari while your Holden is off the road. (Good luck to anyone who has a Ferrari at the panel beaters).
· In some cases the insurer may have the right to query whether or not you need a replacement car. If you are single, live within walking distance of a supermarket and catch public transport to work they may decide that it isn't necessary for your to hire another vehicle.
· Forget thinking about claiming fuel, road tolls or fines while you are driving the hire car.
· In addition to the maximum number of days you can have a hire car for, there may be a maximum dollar amount you can claim. Make sure the daily cost of the hire doesn't mean you use up the dollar amount you can claim before the maximum number of days is reached.
· The insurer may provide you with a list of car rental operators that you must choose from.
· Be careful about the insurance cover you opt for with the hire car. Your insurer may pay for the cost of the car rental, but not the insurance you pay for the hire car.
Kamis, 09 Februari 2012
Are you getting the best deal possible for car insurance? How would you know if you were not? Is there anything you can do to get a better price than you are getting right now?
These are all very good questions and need to be asked by more consumers. Many are happy with what they have now because they have not had any problems with their current company. Many of those same people have never even used their car insurance. Nothing wrong with never making a claim, but being loyal to a company that has only taken your money efficiently is not good common sense. The other problem with that mindset is that you could be throwing away hundreds of dollars a year for nothing. There are plenty of good companies out there that provide excellent service for a fair price. Below are 3 things you can do today to make sure you are getting the best deal on your car insurance.
1. Shop around. Independent agencies provide a wide range of options for your car insurance. With multiple carriers to choose from, independent agencies can provide you with multiple quotes. With so many options you can usually find the right coverage at an excellent price. You can also get quotes from other carriers, besides independent agencies, just to make sure you are getting the best bang for your buck.
2. Be a discount hunter. There are discounts that many consumers know nothing about. For example, there are companies that provide discounts for the following non-driving factors: education level, type of employment, grades of your teenager, homeownership, multiple cars, years with previous insurer, and more. Contact your current insurer to make sure you are getting all the discounts you deserve. And if you get quotes from other carriers, make sure you give them all the information that they request.
3. Take care of your finances. Most insurance carriers will use an insurance score as part of the rating process. An insurance score is similar to your credit rating. If you are not paying your bills on time, your rates could suffer. If you want the best possible price, you'll want to have an excellent credit score.
Follow these 3 steps and you'll be well on your way to getting the best deal on your car insurance. Remember: start the process by contacting an independent agent and then go from there.
Rabu, 25 Januari 2012
In present times, insurance has become an expensive commodity, so if you are planning to buy a new car or renew insurance, please read the below mentioned tips.
Shop Around to get stupendous deals - The Swinton Insurance Broker unveiled the fact that the motorists can save more than £115 pounds when renewing their insurance policies, but they need to avail at least 7 quotes to get the best deal. When you're buying the vehicle insurance coverage, make sure that you tend to be evaluating like to like cover. A number of plans look more affordable, but you may find that you don't receive the same level of cover when you make the claim. Today "innumerable online websites" are available that provide tailored policies to the specific groups.
Don't include young people in the policy - While taking a car insurance policy, don't add young and inexperienced driver in your policy. The premiums will be calculated on the basis of the youngest driver and he/she will not be entitled to claim nor claims bonus.
Check with your Insurer - If you are electing to change your car, then it is necessary to check with the insurer whether the model has a significant effect on the premium or not. For instance, sporty cars attract a high rate of car insurance premium and a smaller engine can make a difference in your favor. It will probably save your petrol costs too.
Drive Carefully - Today, accidents has become a norm; hence it is necessary to join an advanced drivers course or pass plus schemes.
Mileage Restriction - It is necessary to agree to the mileage instruction. The least miles covered the greater is the savings. For instance, a decrease in annual mileage can save up to £50 a year in premium. While a reduction, of 10,000 miles a year can save up to £100. But you must be clear about the annual mileage otherwise the inaccuracy can jeopardize the insurance claim. Moreover, if you don't use a car to drive for business, then you may be able to get the affordable insurance premium.
Voluntary Excess - To lower down the premium, it is necessary to agree to pay more towards the cost of the accident repairs. If you are not at the fault, then the amount can be recovered easily.
Understand the type of cover - Basically; the insurance cover can be divided into three different types. The first and foremost is Third Party Cover - this is the minimum covered required under the law. It covers the damage that you cause to another vehicle or property, but it doesn't protect your own car.
The next is third party fire and theft cover - this cover is similar to third party cover with the only difference that you get paid out if the car is stolen or damaged by fire. Last but not the least; comprehensive cover- it provides the greatest level of protection.
Kamis, 12 Januari 2012
Many drivers immediately think about the effect on their auto insurance after a ticket or accident. How much will my insurance go up? Should I make a claim? In such predicaments a decision to pay the fine, go to court, or attend traffic school is easy to make. By comparison, the dilemma of DUI in Florida is difficult, complicated, and expensive. Insurance related questions always include; how do I reinstate my license and how much will it cost?
Liability requirements for DUI insurance are a minimum of $100,000 per person, $300,000 per accident of Bodily Injury Liability and $50,000 of Property Damage Liability. After a policy is issued it cannot be cancelled. Proof of such insurance, via Florida FR44 filing, is required for license reinstatement. Only Florida licensed companies are authorized to submit a filing. After buying a policy the company electronically submits your completed FR44 form to the Florida Bureau of Financial Responsibility. This process is straightforward, quick, and has a $15.00 filing fee. The tough part is finding insurance at an affordable rate.
Many companies will cancel or non-renew the current policy of a DUI driver. When policyholders search for a replacement they frequently find agents without the necessary experience. If you are in the midst of such circumstances avoid the common mistake of assuming no company or agent wants your business. Help is available from certain companies, there are agents that specialize in this area, and both are not difficult to find.
FR44 filing through a motorcycle policy is acceptable and liability rates are lower for them since they generally inflict less damage. Also, vehicles with less than four wheels are not required to have $10,000 of Personal Injury Protection coverage (PIP insurance) which is mandatory for all cars and trucks and is very costly. Additionally, a driver may comply without owning any vehicle through an operators policy which also excludes PIP. Rates vary greatly between policy types causing many to consider changing their vehicle or doing without one altogether.
Anyone can become a victim of an impaired driver so the elevated liability limits help protect everyone. Higher limits and costly insurance are also effective deterrents against repeat offenders. After three years DUI surcharge points are eliminated while discounts for continuous insurance, high liability limits, and payment in full remain. These same discounts and options are qualifying factors for the most favored rating tier with the lowest rates. Those who keep a policy with high limits beyond the 3 year mandatory period end up paying much less for more protection in the long run.