Monthly Archives

July 2015

Insurance Cover

What Does Your Car Insurance Cover?

Shopping for car insurance is a real pain, but it is a legal requirement. If you ever get into an accident, heaven forbid, insurance can be a lifesaver. Or can it? The right type of insurance is perfect, as long as it covers your needs. Some plans are as basic as the paper they are written on. Even worse, a lot of drivers don’t realise it until the last minute. And the last minute is too late. To make sure that doesn’t happen to you, take a look at coverages below and what they cover.

Third Party Only

Third party only insurance policies are the most basic policies around. In their most fundamental form, they exist to protect other drivers and motorists on the road. So, any damage that you are responsible for on the road is covered by the insurance company. That means any repairs and medical costs you are liable for are covered, except for your own. Third Party policies are the cheapest, but they not the most thorough.

Third Party, Fire & Theft

Just as above, third party covers any damage, you are liable for. But, with the third-party, fire and theft option, the insurance company will pay out if your car is stolen or damaged by fire. A lot of people prefer just to go with a third party only policies because the chances of your car being stolen or in an arson attack are quite low. But, if you live in a rough neighbourhood, it might be worth paying that little bit extra.

Car Insurance Cover

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Full Comprehensive Cover

Full comprehensive cover will cover you for pretty much any scenario that occurs while you are driving. As you would imagine, cover for the above is included and any damage to pedestrians and road users. But, the comprehensive cover also covers you for damage that is not your fault. If someone else damages your car or you need medical assistance, your insurance company will come to the rescue. So, if it is your fault, not your fault or if blame cannot be attributed, you are covered. Comprehensive cover is more expensive because the insurance company will pretty much have to pay out if you have an accident. It is up to you, but the full cover is the best option if you can afford the payments.

What Don’t Any Of The Above Cover?

Although the above do cover a wide range of scenarios, they don’t cover every possibility, and that is important to know. For example, if you need a courtesy car or breakdown cover, you might have to pay extra for the privilege. Car insurance also doesn’t cover any personal injury claims. If you do want to take any further action against your fellow motorists, someone like David Resnick, personal injury lawyer, is who you need to contact.

For your sake, don’t assume that your insurance covers every eventuality. Take the process seriously and treat it with respect. Every detail from the cost to the type of cover is important and needs to be analysed thoroughly..

Company Car

Shopping for auto insurance

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Shopping for auto insurance is usually an annoying endeavor that can leave you wondering if you have paid too much. This infographic serves as a great resource for the first time buyer or even a repeat buyer of auto insurance. Many of us would not know off the top of our head how we ought to be paying versus what we actually are paying. The ten vehicles included in this infographic are among the ten most popular as well as cheaper vehicles to insure. If you happen to drive one of the vehicles listed and you are paying significantly more, it may be time to switch companies. Look no further and visit compare.com and Compare Auto Insurance now! If your vehicle is not included in the infographic still feel free to visit compare.com anyways and give it a go to see if you are indeed getting a good deal on your auto premium..

Homeowners insurance

3 Signs You Need to Check Your Home Insurance

3 Signs You Need to Check Your Home Insurance

 

Buying a home insurance policies is much like buying a suit. You can buy one off the shelf that will fit most people, or you can have one custom-made that fits you perfectly.

If your home insurance policy is off the shelf, there will be times when you need to look at it to make sure you are covered for any eventuality. You might get a great insurance deal at the start, but there is a host of things that can change it to being next to useless. Here are three signs you need to check your policy.

Check Your Home Insurance

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1: You get a dog

Insurance policies are dictated by many things. There are hundreds of minor factors that will affect your deductible and coverage. So, it should be of no surprise that when you get a dog, it could affect your insurance policy.

Many people will need to pay extra money each year when they get a dog, even if it is well trained. Breeds of dog that are marked as aggressive will attract further costs. You will also need to sign a waiver to limit the insurance company’s legal liability in the event your dog bites someone.

It is necessary to inform your insurance company the very second you get a dog. If not, any insurance claim you make could be made null and void. And, as anyone with a zestful puppy will confirm, that could be an expensive mistake.

2: You buy new stuff

Most homeowners insurance policies will come with a standard contents coverage. But it’s important to be aware that this may not cover everything in your home.

If you buy expensive items such as a new stereo system or television, you have to make sure whether or not you need to buy extra coverage. This could come in the form of contents insurance.

Should something happen to your new high ticket items and you make a claim, you could be left with the majority of the expenses. There will be a crossover point when contents insurance will be a necessity – make sure you know where that line is.

3: You build a hot tub

When a child wanders into your garden and has an accident, you could be responsible. This is the case even if they just walk in from the street uninvited. It’s called the ‘attractive nuisance doctrine.’

An attractive nuisance is something that looks tremendous fun to a child but has dangers they don’t know about. It could be a hot tub, a pool or an open outside fireplace, for example. While most insurance policies will cover you for accidents such as these, you may have to up your premium.

Don’t ignore this. Even if you think it is unfair, the facts are that drowning is the second largest cause of death in children under 14. You can make sure your hot tub or pool is super secure, but you cannot guarantee that a child won’t get  in there at any time. And if they do, you will be liable if you haven’t got the right insurance policy.

There are many other reasons to keep tabs on your home insurance. But these three are perhaps the most surprising, as they are things that many people will do without thinking about the insurance implications. Hopefully, you will remember after reading this!

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Company Car

A Guide to Company Car Insurance

Nobody likes paying out on insurance policies, but they’re necessary evils. It might seem like you’re already up to your eyeballs in insurance policies. But one that a lot of people forget is company car insurance. They often forget because they think their personal car insurance covers them, but it doesn’t, even if you’re using the same car.

You might need a little help to cut through all the confusion and competing offers to fully understand what you need from a company car insurance policy though. You’re in luck, here’s a simple guide to getting the right policy for you.

Why Do You Need Business Car Insurance?

As I mentioned above, your personal insurance policy won’t cover you if you’re using your car as a part of your business. This means if you do have an accident when using the car for business, your insurer won’t pay out. You’ll be left with big bills for the repair of the car and all because you didn’t get a simple company policy.

Anything you do in your car related to the business will need to be covered by a company policy. Your personal policy will only cover commuting to and from work, not the actual work itself. The premiums will be bigger but don’t be tempted to play the system because you won’t win.

Choosing the Right Type of Cover

There are lots of options open to you when it comes to company car insurance. You should be able to find something that’s right for you, no matter what your needs are. You can get a policy which covers you for both your personal usage and your business needs.

Or if need to insure a lot of cars you can find a specialist company like Insure Fleet, who offer fleet insurance. Getting your cars covered in bulk will usually save a lot of money compared to getting each car insured individually. These kinds of common sense ideas can be discussed with a broker or insurance dealer to find the right policy for you.

Getting the Best Deal

The more information you can give to your insurance, the better your policy will be. That means you’ll have the cover you need and potentially save some money too. Your insurer will want to know how much you use the car. So, if you don’t use it much in a business capacity, make sure they know because it’ll cut your costs dramatically.

As always with insurance, it’s vital to shop around. You won’t just stumble across the best deal out there, you’ll need to seek it out. An independent broker might be able to help you.

Consider the Type of Car

The type of cars your company uses will also impact on the cost of your insurance premiums. Some will make them more expensive, and some will make them cheaper. So, make sure you’re going for the cheapest option available to you.

Running hybrids or electric cars will cut your costs dramatically, you’ll also save money on fuel expenses. You could save money and do your bit for the planet! What’s not to like about that?

Company Car Insurance

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