5 Secrets to Saving on Car Insurance

Some people buy car insurance from the first provider they find online, and others won’t rest until they’re paying as little as possible on this necessary expense. If you fall into the first category, consider these five secrets of people who save on car insurance – their tips just might put some extra cash back into your wallet.

  1. They regularly shop around for better deals. People who save money on car insurance aren’t settling for the first plan they’re offered; they’re shopping around to find the best deal possible. You can easily compare quotes online to find an affordable and comprehensive plan. Keep in mind, insurers change their rates regularly, so you should be comparing quotes at least once a year before renewing with your current provider.   
  2. They have an impeccable driving record. Besides keeping you safe, minding the rules of the road has a major upside when it comes to your insurance rate. Did you know that just one speeding ticket could increase your premium, and a few could more than double your rate? Or that in British Columbia, two distracted driving tickets in the span of three years could add $2000 to a driver’s premium? And more serious offences, like driving under the influence, could void your policy and make it hard to secure traditional coverage in the future.
  3. They take advantage of discounts. There are many discounts that could lower your premium, and smart drivers are regularly talking to their insurance providers to make sure they’re not leaving any money on the table. The easiest way to find out if you qualify for discounts is to give your insurer a call and ask. And always keep your insurer in the loop after a major change in your circumstances. For example, contact your insurer if you move, get married or retire – exciting milestones that could also lower your premium.
  4. They consider insurance when buying a new vehicle. Saving on your insurance starts with buying the right car. Contrary to popular belief, the colour of your car doesn’t affect your insurance rate, but the make and model of your vehicle will. Cars with a higher safety rating are cheaper to insure, and cars that are frequently stolen are pricier to insure. Also, cars that are expensive to repair or replace increase premiums.
  5. They carefully consider their payment and coverage options. Paying your insurance premium in one lump sum at the beginning of your term could save you up to 9 percent – a significant saving. Also consider whether you need all types of coverage on your plan. For example, collision coverage isn’t legally necessary – and might not be worth it if you’re driving an older car that costs more to insure that it would to replace.

Just because you have to pay for car insurance, doesn’t mean you should be handing over more money than necessary. If you think you’re paying too much for insurance, call your provider to see if you can lower your bill. If there’s nothing they can do to save you money, it’s time to shop around for a better deal.

7 Super Tips to Get Great Rate for Insurance for Your Car

Budget insurance is what you need for your car if you have a tight budget. You can not get a normal insurance these days because of the budget problems so it is better to have budget car insurance. We spoke to Insurance experts www.kniftrygghet.no who gave us some great advice here are 7 tips which may let you know how to get a budget car insurance:

Having Better Credit Score:

If your credit score is good then you can get a huge discount on your insurance. So the first tip is to boost up your credit score and you can have a better budget insurance.

Getting Car Protection Devices:

If you protect your car in a better way then you can get discount at your car insurance because the insurance companies like to save their money and they will love if you will protect your car from thieves so that they do not have to pay for the loss. For this they can give you a good discount.

Market Value of the Car:

If your car is not expensive then you may get discount at your car. If you are having a cheap car it may give you good discount.

More Than One Car:

If you have more than one car then you may get discounts on the second car from the same insurance company because the insurance companies love to have more and more costumers to make their market repute better.

Defensive driving:

If you are a good defense driver and you had not had any accident in your past then it may help you get huge discount at you insurance policy.

These are some tips which you should know if you want to have budget insurance and they can also help you get great budget insurance services. If you want to get insurance you have to follow them.

 

What A Life Insurance Means For Your Family

Above a person’s physiological needs – food, water, clothing, and shelter – lies the need for security according to Maslow’s hierarchy of needs (see reference). Although most people would understand this as physical and emotional security, to keep yourself away from harm’s way and to have people care for you when you do come across it, financial security is also a fundamental part of this category.

Being financially secured, ensures a brighter future for you and your family. You’re not just making enough to fend for your family’s daily needs; you have more than enough for the future that awaits you – be it good or bad. And to achieve this level of financial freedom, and completely free your family of anxieties and worries for the future, what you need is life insurance.

Why Life Insurance?

Rather than just saving up money on the bank that by the way, has a much slower interest growth rate per annum, investing in a life insurance is way more worth your money. Here’s why:

 

  • Life Insurances Are Packaged With Benefits

 

When most people hear the word “life insurance” they instantly think that it’s only for people who already have money to spare. However, the way I see it, those in the working or average class should prioritize life insurances more. People who can afford to get sick, lose a job, or suffer a natural disaster actually have less need for life insurances.

Am I saying they deserve it less? NO. Everyone deserves to get a life insurance. All I’m saying is that if people who have the money still seek to make themselves financially secured, how much more is life insurance really worth for those with average to low incomes?

Life insurances in Perth, for example, are packaged in a way that they’ll hold most relevance and purpose for the policy owner. The insurance company will consult you about your family’s way of life in order to assess what types of inclusions would benefit you most.

If you love to travel, consider getting a travel insurance package bundled in. If one of your children is sickly, get a health insurance packaged with your policy. Each family is unique. Life insurance agencies recognize this so they also try their best to make the most “unique” things possible.

 

  • Life Insurances Offer Support In Times Of Grave Need

 

Losing a loved one is hard enough as it is. On top of being emotionally and mentally tired, the bills keep piling up to add more to your troubles. If you’re income is that of an average salary guy, hospital bills as well as funeral bills will leave you financially incapacitated. This is doubly true when you’re already at the point of your life that you are raising your own family, paying for the education of your own children.

To better prepare for worse case scenarios, equipping your household with a life insurance is the best way to achieve financial security. Although we’re not really asking for it, unfavorable things happen – it’s like a package that’s bundled with the joys of living. We definitely cannot prevent unfortunate things from happening, but we can at least prepare for it. This way, we can lessen the damage and avoid consequential disasters.

 

  • Life Insurances Give Your Children The Security They Need

 

More than ourselves, our children’s futures takes utmost priority. Children, especially when young, cannot afford to raise themselves. They need parents not only to teach and guide through life, but also to take care of their needs.

As parents we would want the best for our children. And as much as we can, we want to be there for them as they overcome every milestone life has in store for them. However, it is the reality of life that makes child-rearing all the more challenging and unpredictable. We don’t know for sure how much time we have with our children. We do not know what the future holds. So the best we can do is to prepare them and prepare for them.

Getting a life insurance helps secure the future of your children – your beneficiaries – the most. When you have it, you feel like life can try all its tricks on you and still come out victorious. After all, your most prized (yet sometimes annoying) little treasures are insured.

Getting the Money You Deserve in a Personal Injury Claim

Sustaining an injury due to the negligence of another person or entity changes your life. Even if you eventually recovery fully, there is all that lost time and opportunity to consider. Those who lose something and never fully get it back will live with the consequences of the injury for the rest of their lives. In either scenario, you need help from a personal injury lawyer in order to get the money you deserve. Here are some of the ways the lawyer can determine what sort of settlement would be equitable.

Assessing Your Current Medical Bills

It’s not unusual for an Ajax injury lawyer to begin by taking a look at the expenses that the injury has already created. What have you paid in terms of out of pocket expenses for emergency care after the event, a stay in the hospital, surgical procedures, physical therapy, and maybe even home care? Those expenses often form the basis for the amount your legal counsel will seek to recover.

Replacing Income Lost Due to the Injury

Are you unable to work because of the injury? That means you are losing income. While some of your benefits through work may be temporarily making up the difference, the fact is that you would not be exhausting those benefits if the injury had never taken place. Most personal injury lawyers will factor in the money clients would have made if they weren’t sidelined by some time of injury.

Thinking About Future Expenses

Some injuries may require weeks or months to recover and then life gets back to normal. Others are so severe that you will need some type of ongoing care for the rest of your days. You can bet that the team of Lerners LLP personal injury lawyers will want to know what sort of ongoing care you will need. With the aid of medical and insurance professionals, it’s possible to project how much that future care will cost and include it in the settlement amount. The goal is to ensure the money is there when you need it to maintain a reasonable quality of life.

Protecting Your Credit Score

The combination of medical bills plus being out of work is a recipe for financial difficulties. When you begin to fall behind with things like mortgage payments, car payments, credit card bills, and other debts, the impact on your credit rating will be significant. You can bet that personal injury lawyers in Ajax will work to secure a reasonable settlement before your benefits run out and your credit score is adversely affected.

While it may be tempting to take whatever settlement the responsible party offers and run with the money, sign nothing before talking with a personal injury lawyer. The insurance provider for the other party wants to settle the issue and spend as little money as possible. By contrast, your own lawyer will be seeking a fair settlement that protects you now and in the years to come. Call today and engage the services of a lawyer. In the long run, you’ll be glad that you did.

7 Ways to Save on Your Car Insurance

Have you ever heard the term, “grudge purchase”? It refers to things that you don’t want to buy – but have to anyway. A classic example: car insurance. To take some of the sting out of this unwelcome expense, consider the following seven ways you can lower your insurance payment.

Be a Savvy Shopper

Your quest to save money on insurance should start before you even have coverage! Consider these tips when you’re shopping for your plan.

  1. Compare quotes. One of the top ways you can lower your premium is by shopping around for the best price before choosing an insurer. It’s easy to do: there are multiple sites that will allow you to quickly compare car insurance quotes online. Insurers change their rates often, so even if you’ve found a stellar plan, do another comparison before you renew each year.
  2. Pay upfront. When you’re researching insurance plans, ask providers whether or not you can pay your premium upfront in one lump sum; in some cases, you could earn up to nine percent off the total price of your coverage.

Capitalize on changes in your lifestyle

A lot of things in your life will change between the first and last time you get behind the wheel – and some of those milestones could save you money!

  1. Got married? If you recently tied the knot, give your insurance provider a call to tell them the good news – your new relationship status could actually qualify you for a discount. No, it’s not just a wedding gift from your provider – it’s a discount some insurers offer if their data supports the idea that married couples get less tickets and cause less accidents.
  2. Buy a house? Many insurers offer discounts to homeowners since they are rated as more stable and less risky. Plus, you could also save money by bundling your home and car insurance policies.
  3. Retired? As if you needed another reason to wave goodbye to the nine-to-five grind! Once you’re retired, you won’t be logging as many kilometres on your daily commute, and less driving could very well mean a lower premium.

Invest in your safety

Your insurance premium is all about how much risk you pose to your insurer, so anything you do to invest in your safety and lower your risk will potentially lower your payments.

  1. Install winter tires. Snow, ice, and cold weather can make winter driving dangerous, which is why many insurers offer a discount to drivers who install winter tires on their vehicles. Not convinced they’re worth the money? One winter tire test demonstrated that, when driving on ice, winter tires stopped 1.8 metres (six feet) shorter than all-season tires – space that could make all the difference between hitting the car in front of you and stopping safely.
  2. Purchase a security system. Installing an anti-theft system can lower the likelihood that your vehicle will be stolen – and that reduced risk could earn you a discount on your premium. Also, a stolen vehicle recovery system increases your chances of finding your car if it is stolen, another way you can lower your risk level with your insurer.

These are just some of the ways you can lower your insurance premium – so use these tips to start a conversation with your provider. If you’re not satisfied with the results, shop around for quotes to see if a better deal is out there.

Even if it’s not time for renewal, a significantly lower premium with another insurer might offset the cost of cancelling your current plan. Once you have that extra money in your pocket, you can end your grudge with your car insurance payments and put that cash towards something you’ll love buying.

Past Insurance Claims Impact Insurance Rates

When you apply for home or condo insurance, claims are shared among insurance companies in the Comprehensive Loss Underwriting Exchange, or CLUE in the United States. Canada’s claims will fall into the AutoPlus reporting database that is controlled by CGI Group.

AutoPlus has over 60 million policy records, and the records do not include homeowner records.

Records are kept on all claims that you make, and being shared, these records will have a major impact on your overall rates.

Depending on the database, you’ll even be able to request a personal property report to find out your own claims history.

What CLUE and AutoPlus Means to You

CLUE and AutoPlus log all of your claims, and if you have a tendency to make a lot of claims, this means that you’re a higher risk for the insurer. Insurance companies want to minimize their risks, and a claims  database does just that.

Past claims can harm you.

But these aren’t just your past claims. The previous owners’ claims can also cause you problems. Texas policyholders suffered this fate in 2002 and 2003 when insurers stopped issuing new policies. Mold and water-related claims led to insurers suffering severe financial burdens.

Homeowners were closing on homes and unable to secure an insurance policy because of the past homeowner’s claims.

Properties that are known to have a lot of past claims will cause your insurance to go up. Homeowners insurance isn’t the only insurance facing this problem. Condo insurance can also be higher if numerous claims have been made against the property.

Condo insurance is not to be mistaken with home insurance. As opposed to homeowners, condo owners do not have a backyard, basement, or shed. Instead condo owners pay a building fee to the condominium association, where a portion of the money contributes to building insurance – anything outside of the unit. This includes hallways, common areas and any amenities such as gyms, pools, hot tubs, saunas or others,” states Insurance Hero.

What’s the issue with claims if you have insurance?

Let’s say that you called the insurance company to discuss a broken pipe issue. At the time the call is made, a claim is filed even if you’re merely inquiring about the deductible. You decide to make the $400 repair yourself, and the claim is marked as “closed, no payment.”

When going to get insurance, the no payment claim will be listed.

Claims that aren’t paid out will even go against the property. Insurers may also fear that the work was not done properly, so there may be a higher potential of mold in the home as a result.

Investing in real estate or buying your first home means doing your due diligence on the property before closing. It’s vital to request the history of claims on the property. Insurers may not insure you, but there’s also a risk that you’re purchasing a property that has severe issues, such as routine mold problems or bad piping that needs to be replaced.

Past insurance claims help you protect your investment as well as ensure that you’re able to acquire an insurance policy.

What Does Park Home Insurance Actually Cover?

More than a quarter of a million people in the UK currently reside in park homes, and for good reason. It’s a much quieter life than those living in flats in the city can experience, and many residents love it because park homes are easier to maintain and far more affordable than their brick and mortar counterparts. Even if you choose a park home, though, insurance is still a must. Should anything happen to your home or what’s inside, you’ll want to get the coverage your deserve, and a park home policy can do just that, but what exactly does it cover? Take a look.

 

Your Living Space

No matter how old your park home may be, if something destroys it, your policy will replace it with a new equivalent home. Typically, the replacement costs involved like site clearance and delivery are included with most park home policies. In addition, you may be able to purchase a policy that covers your temporary living accommodations; too, help to make certain your outofpocket costs are kept to a minimum.

Your Stuff

Park home policies also cover what you had inside of your living space. Anything that is damaged beyond repair is typically covered by these policies, so everything from your appliances to your bed linens will be replaced with brand new options so you can move forward. While you’ll want to check to make certain, often even your garden contents can be insured, so ask about that option if you want to keep that gorgeous outdoor table and chair set insured.

Liability

Not every claim you make against your park home insurance policy is going to involve damage to your living space or your belongings. Public liability cover is also typically a part of these policies. That means that the legal costs and compensation payments you’re required to pay if someone is injured or their property is damaged and it’s your fault is completely covered. Some policies even offer a legal helpline you can phone in the event anything ever happens on your property.

Understanding the When

Wondering when the coverage kicks in? You’re not alone. Many individuals seeking insurance are concerned about the same thing. Park home insurance is typically used in a number of settings. Storm damage is one of the biggest times claims are filed. Floods and escape of water, though, can also trigger claims. Likewise, you can file a claim in an instance of subsidence. Instances of fire, theft, attempted theft, and vandalism also allow you to file a claim.

While you’re not typically required to have a park home insurance policy, it is more important than ever to make certain your beautiful residence and everything you have in it is protected. We can help. With one of the best policies in the industry and great coverage options, we’ll help to make sure your park home is safe. Ready to learn more, contact us today and ask about park home insurance.

Business Insurance As Available Both In Canada And UK

Irrespective of the country one is settled in, any business run by that person needs to be insured against as many eventualities as possible. All businesses and selfemployed people dealing especially with clients and consumers need to be absolutely insured against instances which might give rise to claims, compensations or litigations. Compensations and settlements if paid out of the profits of a selfemployed person or a businessman can never do the business any good.

The same is also true for anyone owning and running a business in Canada. Many different types of insurance which are commonly offered by the insurance agents in Canada like:

  • Public liability insurance is a type of business insurance in Canada which is generally used to protect a business against third party claims, to fight litigation in the court of law etc. This insurance helps to compensate for any settlements that need to be made and also covers all expenses incurred when the case is pending in the court of law.
  • Accident insurance wherein as the name suggests any loss of life or injuries incurred due to an accident comes under the purview of this insurance. It also includes such things as funeral benefits, rehabilitation of the injured, vehicle modification etc.
  • Privacy breach coverage insurance wherein all security incidents irrespective of whether they are intentional or not, which have the potential to make an impact on the business are covered.
  • Property and liability insurance which helps the business owners protect their physical assets and property as well as act as a safeguard if and when lawsuits are raised.
  • Commercial auto insurance which helps to cover costs incurred due to any damage caused to the vehicle or if there is a third party damage in the instance of an accident.

There are many other insurance benefits that are available and one should only take up an insurance which he is sure to be able to keep alive so as to get its benefits. Hence insurance premiums need to be paid regularly and on time.

Both Canada and UK have certain insurance policies which are readily available in both the countries as a protection against lawsuits and settlements. For the small and medium business owner or for that instance a professional, the public liability insurance uk is a necessity few can do without. Other insurance policies which are especially make for professionals and selfemployed businesses are:

  • Employers liability insurance which is a mandatory insurance required by the law of the state where the business is situated. This holds true for all those businesses who have people in their employment and provides a number of benefits to the workers or employees like hospitalisation coverage, regular income in case the insured person needs to stay out of work either temporarily or permanently etc.,
  • Public liability insurance wherein the policy helps to:
    • Make provisions for the settlements of claims,
    • Bear the expenses incurred when a compensation claim has been taken up in the courts of law,
    • Offer financial assistance in instances a third party suffers from bodily harm etc.
  • Commercial vehicles insurance which is mandatory for all businesses which own commercial vehicles and use them for transportation of businessrelated materials, things, and people. In fact, businesses owning a fleet of vehicles can opt for a fleet insurance which provides the same benefits for a number of cars but at a relatively lower premium amount.

While these are the main types of insurance policies available in the UK, others like the equipment liability insurance, the product liability insurance etc., can also be taken up provided they are needed by the business on priority. Care must be taken to ensure proper selection of insurance policies so that it can actually benefit the business instead of becoming a liability after some time.

A Guide to Selling Your Life Insurance Policy

When you buy a life insurance policy, it’s a long-term commitment financially.

However, if you can’t pay the premium, or if you don’t need it any longer, you can also sell your life insurance policy. Here’s how to go about selling it.  

Typically, sellers of life insurance policies are over the age of 65. However, there are times when younger persons may also qualify if they have certain medical conditions per the Life Insurance Settlement Assoc. or LISA as it’s frequently referred to. When you have a Universal Life Insurance policy that has benefits over $100,000 it’s most desirable to sell, however, smaller term life and other policies may also be sold per LISA.

Settlements are typically pooled together and they’re owned by institutional investors such as banks, insurance corporations and a few individuals.

There are also similar transactions that are called viatical settlements. These are for those who have a terminal illness and aren’t expected to make it more than 24 months. “Surrendering” a policy is a different type of action, in this, you’ll contact insurers to surrender the policy and receive back a portion of the cash value of the policy.

We’ll Go Over The Following:

How Life Insurance Settlements Work

Life Insurance Settlement Amounts

Potential Pitfalls Of Life Insurance Settlements

What To Ask Prior To Selling Your Life Insurance

Selling Your Life Insurance Safely

How Life Insurance Settlements Work

Life insurance settlements can be done via a broker or a provider. According to LISA, the difference is:

Brokers will solicit multiple bids on the insurance policy in an effort to get the best possible sales price. Typically, most sales are done by brokers.

Providers, on the other hand, are the buyers of the life insurance settlement. You can sell directly to a provider and bypass the broker.

After you’ve found a broker or a provider, you’ll go through the typical process as follows:

You’ll give the details of your policy, and your medical records to the broker or the provider. If using a broker, they’ll shop the potential for the policy buyers. The buyers will then calculate the expectancy of your life based on what your medical records reveal.

If they give you an offer, you may then sell the policy.

The buyer will become the new owner of the policy and they will begin to pay the premiums of the policy. The buyer may also resell the policy to another party that will take over the payments of the policy.

Occasionally, you’ll need to check in with the buyer in order to confirm that you’re still alive. Example, the buyer may periodically have to send a postcard to you that you simply sign and return to verify that you’re alive. You can go over these details with the broker or the buyer prior to the sale.

When you do die, the owner of the policy then receives your death benefits.

Life Settlement Amounts

Your offer is going to be dependent on the expectancy of your life. The face amount of your policy and what the buyer can expect to pay out in the premium while you’re alive.

The money will be taxed as an income or a capital gain depending on the details of the sale.

Potential Pitfalls Of Life Insurance Settlements

When you sell your policy, you can anticipate that you’re going to make some money, however, there are a few drawbacks:

It can be challenging to determine if you’re getting the right price for the policy.

Commissions may be eaten up by as much as 30 percent of the settlement offer per the Financial Industry Regulatory Authority.

You’ll have to pay the taxes on the money that you do receive from the life insurance settlement. The death benefit of the policy is tax-free to the beneficiaries.

If you’re family still relies on your financially, they’re going to lose that safety net when you die.

If you’re on public assistance, the settlement may revoke your eligibility for that assistance.

What To Ask Prior To Selling Your Life Insurance Policy

You may get a great deal on your settlement. However, prior to the sale, you should ask yourself these questions:

Do I still need the life insurance coverage? If I can afford the premiums and have beneficiaries who still rely on me I may be wise to keep this policy.

Are there other means to pay this premium? When the premium is too high there are often other ways to pay it such as a loan from the policy that will reduce the death benefit, but still, keep something in place.

Can I trust the broker or the buyer or both? Seek only brokers who are licensed via the state insurance dept. Always understand how much of the personal information the buyer has access to as well. You don’t want to work with a buyer who will rush and pressure you into a decision.

Selling Your Life Insurance Policy Safely

Always follow these steps to ensure that you’re getting a great deal if you truly want to sell your life insurance.

Don’t respond to solicitations for your policy. It’s wiser to find a life settlement broker via the financial advisor or insurance agent that may also be licensed to do such a settlement. The more you understand about your life insurance policy and options, the better. Research the broker for license and any complaints against them before you sell. Keep in mind that you don’t have to sell just because someone bids.

3 Tips For Making A Successful Insurance Claim

While you consistently pay your insurance premiums each and every month, when it comes time to file a claim, you may find that getting paid out for any damages could be harder than you think. But if you get in a car accident, have a house fire, or get your property damaged, you’re likely going to need the money from your insurance company to pay for the repairs or replacement. So to help ensure that you can successfully file your insurance claim and get the money you need, here are three tips you should follow when working with your insurance carrier over a claim.

Call Your Insurance Company Once You Begin A Claim

To give you the best chance of getting your insurance claim paid out, Nathaniel Meyersohn, a contributor to CNN Money, recommends that you call your insurance company as soon as you’re ready to start filing your claim. When you speak to them, ask them what the next steps you should take are and what information or actions they need you to provide. By following their rules about filing a claim, you can ensure that you don’t waste any of your own time trying to figure it out on your own. Also, if you need immediate help, speaking directly to your insurance company can help expedite certain processes, like sending out a claims adjuster.

Give All The Information Up Front

To get everything moving at a good clip for your insurance claim, it’s important that you acquire all the right information to give to your insurance carrier. Especially when you have a car accident and are injured, it’s vital that you give your insurance carrier all the information you have regarding what happened at the accident. For example, DMV.org advises giving them your name and policy number along with the date of the incident and the personal information of anyone who was involved in or witnessed the incident. By providing all the information up front, you can keep from having to go back and get more and more information, which can prolong the conclusion of your claim.

Rigorously Document Your Destroyed Belongings

In the instance of something like a house fire, it’s important that you keep track of all the damage that was done and which of your belongings you’ll need to replace. To do this, FindLaw.com recommends making a list of everything that you own and keeping everything, even the things that are ruined, until you’ve been paid out for your claim. This will ensure that you have proof regarding your belongings and give you a greater chance of getting everything you need replaced.

To ensure you get covered for all that you should, consider using the tips mentioned above when making an insurance claim.