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How teen drivers can save money on car insurance

15 August 2019 By admin Leave a Comment

Teen drivers can save money on car insurance if they follow the next tips:

Check the car before hitting the road. Teen drivers should prepare their vehicles before driving. To do that, teens are recommended to check the gauge levels, adjust the mirrors and see if the headlights are working. Additionally, teen drivers should check the gas tank and see if they have enough fuel.
Stay focused on the road. Teen drivers should avoid distractions like phone texting, eating, drinking or other distractions. Also, teens should signal when making a lane change and look in all directions twice before switching the lanes.
Always obey the speed limits. Speeding is one of the leading causes of car accidents where teens lost their lives. Teen drivers should avoid speeding, even if they need to immediately reach somewhere. Obeying the speed limits will lower the chances for a teen driver to be involved in car accidents.
Teen drivers should avoid driving with other teenagers. Teen passengers can easily distract the driver’s attention. For this reason, the chance for causing an accident is very high. Teen drivers are safer if they are driving alone than driving with other teen passengers.
Avoid nighttime driving. If driving at night can’t be avoided, drivers should be extra careful. The dangers lurking on the roads during the time can be dangerous for inexperienced drivers.

Here’s how you can find your Car Insurance policy number

13 August 2019 By admin Leave a Comment

The best place to find your car insurance policy number would be to check with your insurance company. If you think you have misplaced your policy documents and have not saved your policy number on your phone, computer or elsewhere, your insurance company can be one of the best options to get it back. You will need to provide your name, address, phone number and any other identification details.

How to find my car insurance policy Number?

There are other situations where you want to find your policy number. Even when you have your policy documents and need to mention the policy number for some sort of legal documentation. But you are wondering how to find my car insurance policy Number? Maybe you are not able locate it. Let us help you get it easily.

There are a few options that you can help you find your car insurance policy number. Let us examine them one by one –

The Declaration Page
The most essential element of the policy document is the Declaration Page. The page has all the personal information and the details of your policy. That should include your policy number. If you have the declaration page with you, check it out and find the policy number.

The Insurance Card
The insurance card is yet another document that should help you find your car insurance policy number. Carrying the insurance declaration page at all times may not be possible. In such situations, you would find the policy number on your Insurance card. This is a piece of document that you should carry with you in your vehicle.

By Timmappa Kamat

See Full Story at www.newdaylive.com

Tips for Millenial Drivers looking for an Auto Insurance

8 August 2019 By admin Leave a Comment

For millennials, navigating the world of car insurance for the first time can be daunting. This is especially true with student loan payments piling up and a difficult housing market to deal with. So whether you’re getting kicked off of your parents’ insurance, are buying a new car, or are looking for some lower rates, here are a few tips to help you find the best car insurance possible.

Don’t Pay for Coverage You Don’t Need

Car insurance is required — so even though one in six Colorado drivers drove without having insurance in 2012, you do need some level of insurance. However, you don’t necessarily need the most expensive package. Most states have minimum requirements for insurance and that’s really all you need to have.

But insurance packages can have a wide variety of coverage options — medical coverage (3 million people are injured in car accidents on U.S. roads every year), roadside assistance, and other features may be available, most likely at higher prices.

If there are features you feel like you need, make sure they’re included in your plan. But if your insurance agent suggests a plan with features you don’t really need, stand your ground and say you want something more simple. This way, you can have affordable insurance and not pay for things you don’t actually use.

See Full Story at moneyminiblog.com

Car insurance tips for young drivers

6 August 2019 By admin Leave a Comment

Most young drivers looking to buy car insurance are often left paying more than experienced drivers. We get it. You want insurance that suits your needs without paying through the roof.

Explore these tips and tricks to help you understand your car insurance options and save a few dollars along the way too.

Comprehensive Car Insurance

Comprehensive is your ‘bells and whistles’ cover and is a popular option for many motorists. It provides a higher level of cover for accidental damage or loss, letting you enjoy the full protection of your vehicle even if you’re deemed at-fault in the accident.

It’s important to remember that there is an amount you’ll need to pay, regardless of what car insurance you have, when making a claim on your policy.

Third Party Car Insurance

This covers you in the event of an accident for damage to another vehicle or property, if you’re found to be at fault. It can be a handy insurance to have when you know that you can’t afford to repair damage out-of-pocket.

Third Party Fire & Theft Insurance

An optional extra for damages sustained to your vehicle on top of third party. You guessed it – this provides cover against fire, theft or attempted theft.

Compulsory Third Party (CTP)

CTP Insurance covers the driver of a car for personal injury caused to someone else. However, it doesn’t cover damage to your own vehicle or someone else’s vehicle or property, so you could still be out-of-pocket if you don’t have additional car insurance and you’re in an accident.

By AAMI

See Full Story at www.aami.com.au

Does car insurance cover theft?

1 August 2019 By admin Leave a Comment

Car theft is a serious matter, and it can happen to anyone. In 2017, there were 773,139 incidents of vehicle theft. That figure has dropped significantly since its almost 2 million high in 1991. But authorities say thieves are constantly coming up with sophisticated ways to steal vehicles.

Auto insurance can cover stolen cars. While DiPaolo only had her state’s minimum coverage, there are additional coverages that include vehicle theft. You can add them onto any policy.

In order to cover theft, policyholders should have comprehensive coverage, according to Tony Arevalo, auto insurance expert with Carsurance.net.

“With comprehensive insurance, you should be covered all the way up to the ACV – Actual Cash Value, which is why this type of insurance is recommended to anyone with a car worth over $3,000,” Arevalo says.

Insurance companies calculate the ACV as the replacement cost of an item, minus depreciation.

Comprehensive insurance will cover anything that happens to the vehicle that is outside of the driver’s control. These events are usually defined as an “acts of God or nature” in the fine print. The most common things covered by comprehensive insurance are: flooding, hail, fire, and vandalism.

See Full Story at cover.com

Tips for Finding the Right Insurance

30 July 2019 By admin Leave a Comment

Photo by **rawpixel.com** from **Pexels**

Insurance confuses a lot of people because of the complexity of policies and the number of options, types, and choices. However, insurance can be simplified by focusing on a few specific areas. This article provides several tips to make the process of understanding your insurance policies easier by helping you to understand your coverage.

Save money on your insurance premiums by raising your deductible. You can save $100 or more on your auto insurance premium by raising your deductible from $250 to $500. Likewise, if you increase your homeowner’s deductible from $500 to $1,000, you could save even more. Even increasing your health insurance deductible helps you save money on premiums.

To save money on your insurance, you should review all of your policies at least once per year. Talking to your agent about any changes that have happened is a good way to stay up to date in your coverage. Let your agent know about things you have added and things you don’t have any more.

When shopping for new insurance of any kind, be sure to get several quotes using the same coverage parameters so that you have a good idea of the market worth of the policy. Online insurance companies have made this task exceedingly easy. Select the one that seems to offer the best mix of price and coverage. It never hurts to do some online research about your prospective insurer’s reliability as far as paying claims as well.

See Full Story at byggherregaranti.com

Tips on Choosing the Best Insurance to Protect Your Small Business

4 July 2019 By admin Leave a Comment

So how can you evaluate your business’s risks?

Types of business insurance to consider

Let’s start by explaining some of the main types of business insurance you might purchase for your enterprise:

General liability insurance. General liability insurance is intended to provide blanket protection for a business, from things like property damage or personal damage. It can protect you from most lawsuits that would come to your business.
Product liability insurance. If you manufacture or sell a specific product, product liability insurance can protect you from things like defects or design flaws that lead to personal harm.
Property insurance. Property insurance can protect you from things like theft, vandalism, and some types of natural disasters as well as major repairs that may need to be done in the future.
Workers’ compensation insurance. Workers’ compensation insurance protects your employees should one of them be injured on the job. For the most part, this is a legally required type of insurance and requirements vary by state.
Business interruption insurance. Business interruption insurance will give you a payout if your business is unable to continue operations for a period of time.
Vehicle insurance. If your company owns vehicles, you’ll need policies to protect those vehicles, just like you would a personal vehicle.
Other types of insurance. There are several other types of insurance your business could need, including protection from specific natural disasters, and key person insurance to keep your business running after unexpectedly losing a key employee.

By Larry Alton

See Full Story at www.allbusiness.com

Tips for reducing your insurance premiums

25 June 2019 By admin Leave a Comment

“Instead of cancelling your insurance policy altogether rather sit down with your broker or speak to your service provider to figure out a way to reduce your monthly premium while still remaining insured,” says Christelle Colman, Old Mutual Insure’s Executive for High Net-Worth Solutions. “While it may be tempting to cancel your policy in an attempt to save money, you could end up in a far worse financial situation if you are without cover and end up having an accident.”

Tips for reducing your insurance premiums

Colman’s number one tip to reduce your insurance premiums is to ask your provider to increase your excess in exchange for lowering your premiums. The excess is the portion you are expected to pay towards a claim in the event of an accident so by increasing this amount you are effectively reducing the liability on your insurer who can then reduce your monthly premiums.

“Of course, this does mean that you effectively act as your own insurer, or at least to a certain extent, which means you then need to save so that you have the funds available to pay the excess should that become necessary,” says Colman. “You’ll also want to focus on driving responsibly so that you reduce the chances of having an accident.”

Another obvious way to reduce your premiums is to ask your broker to get a number of quotes from different providers or to shop around yourself. That way you can choose the most cost effective option available for your specific needs. If you have several different insurance policies with different providers, it can also pay you to consolidate them into a single portfolio with a single provider who will usually be able to offer a better price for a combined policy covering your car, home and household contents than if you had each of those policies with a different insurer.

See Full Story at www.iol.co.za

Tips to buy your travel insurance

25 June 2019 By admin Leave a Comment

Travel is associated with all the positive things like fun, adventure, relaxing or work. All this while, people seldom think about the accident, medical emergency, loss of baggage or documents that might occur during their travel.

Incidents like these are unpredictable and hence, having travel insurance acts as a safety net against exigencies that might take place in an unknown city/country.

However, before buying travel insurance one must be aware of the kind of plans that are available. It can be customised based on the needs of the customer and is not a one size fits all product. Below are a few things one needs to consider before buying a travel insurance plan.

Nature Trip

Select travel insurance that suits your needs and opts for coverage based on the nature of your trip. In case you are traveling for work, you can opt for a basic plan that covers your loss of baggage, passport, medical expenses, and a personal accident cover. In case you are planning to go for adventure sports during your travel, over and above the basic travel insurance plan do check if you need to opt for an additional rider or optional cover. Such policy add ons cover accidents arising out of participation in adventure sports and provide benefit amount in case of death or permanent total disability caused by accidental bodily injury due to adventure sports.

By Sasikumar Adidamu,

See Full Story at www.deccanherald.com

5 Travel Insurance Tips for Avoiding Winter Flight Nightmares

20 June 2019 By admin Leave a Comment

Here are the common winter travel nightmares that insurance could help you escape, and the buying rules to make sure you’ll be covered or compensated.

Winter Flight Nightmare #1: Missing the Plane

Your biggest financial risk in terms of winter travel is missing your plane due to weather problems getting to the airport—problems that the airline isn’t experiencing. In this case, you risk forfeiting the entire value of nonrefundable ticket, or at least facing a stiff ticket change fee to retain some of the value toward a future ticket. Although some airlines give late arrivals a little slack, if you miss the check-in time you’re likely to be out a good bit of money. And you face the prospect of paying a stiff, last-minute fare for a replacement ticket.

Winter Flight Nightmare #2: Flight Canceled

When an airline cancels a flight, it normally arranges a seat on its next available flight, allows you to rebook a new flight (or flights, if you’re on a connecting itinerary) of your choice with no change in fare—or it offers a complete refund, even on a “nonrefundable” ticket. These days, airlines are much more proactive about weather delays than they used to be, and they often cancel flights and arrange alternatives several days in advance of a predicted major weather problem. So you should have some leeway.

By Ed Perkins

See Full Story at www.smartertravel.com

Insurance Agency Singapore | Commercial Insurance and Personal Insurance