toddkenefsky.com

Phillip Moffitt has rightfully remarked, “ A house is a home when it shelters the body and comforts the soul”. So, house is not a structure built with concrete, but something related to our sentiments– a place which preserves those nostalgic moments of childhood and youth, happiness and sorrows we experienced right from our birth. Therefore whether it is a big house or a small apartment, our house ought to be insured, as none of us would like to lose this valuable possession at any cost. The hazards that may affect our homes cannot be avoided, even if we try hard. But, by buying a home insurance we can at least recover some of the losses incurred by these adversities.

Home insurance, popularly called hazard insurance or homeowners insurance is the type of property insurance that covers private homes and gives various personal insurance protection. Usually a standard home insurance covers structure of the home, personal belongings, liability protection and additional living expenses when the house becomes unusable because of unexpected hazards.

By buying a home insurance we can repair and reconstruct the house if it is destroyed by fire or other disasters listed in the home insurance policy. But, home insurance policies have certain limitations, it will not pay for routine wear and tea and damages caused by severe natural calamities like flood and earthquake.

There are numerous insurance providers that offer discounted home insurance and other packages on home insurance policies. Since, most home insurance policies include coverage for personal belongings, our furniture, clothes, sports equipment and other items get automatically insured.

The liability coverage given by a home insurance policy pays for defending in court and any court awards up till the limit of the policy. Above all, liability overages insure against lawsuits for bodily injury or property damage that the family members and pets cause to other people’s property along with no-fault medical coverage. But, liability cover does not pay when others damage our things.

The most interesting aspect of a home insurance policy is that it pays various additional expenses required for living away from home when the houses are damaged by fire, and other insured disasters. The hotel bills, meals and other living expenses are also paid till the home is rebuild.

Home insurance is just like an umbrella in the rainy days. So for protecting our endeared possession we have find out the best home insurance policy that gives maximum coverage.

Who hasn’t heard a myth or two when it comes to the rates for car insurance premiums? There is so much information to sort through when it comes to choosing car insurance coverage; it can be difficult to figure out what is fact and what is fiction.

Here is a list of common falsehoods regarding car insurance:

No Accidents – No Insurance Needs

There are some who believe just because they have never had an accident-free past, they do not need to be insured. Quite simply, any responsible driver, regardless of a clean sheet, should be properly insured against the unexpected. Otherwise, in the event of an accident, they can face huge liability issues and astronomical expenses, especially if the accident is their fault. Additionally, in many places, there is a legal requirement to have auto insurance coverage on any vehicle used on the road. Failure to do so and get caught can mean big fines and potential legal trouble.

No Fault Insurance Means: I Didn’t Do It

No-Fault insurance coverage actually means that your insurance policy will cover the cost of damages from any accident, regardless of who was at fault.

Credit Scores Do Not Influence Insurance Rates

Most insurance companies rely on a credit history when it comes to determining premium rates. A good credit history indicates responsibility, whereas a person with poor credit is viewed as a higher risk when it comes to filing claims.

No Comprehensive Insurance, No Problem

Some people will hold only the most basic of insurance requirements to be “legal”. However, without fully comprehensive insurance, the vehicle will not be covered in the event of fire, vandalism, crashes and collisions that are not the fault of another (insured) party.

Car Color Does Not Raise Rates

It is not uncommon for people to have heard this rumor but the reality is the color of your car has not effect on your premium rate. Vehicle factors that do influence your cost are the make, model, and engine size.

Anyone Can Drive Your Car

If you lend your car to a family member or friend not living in your household and they are involved in an accident, your insurance will be responsible for paying, even if you were not there. Many people wrongly assume the insurance company for the person driving the car would be the responsible party for paying damages.

Personal Insurance Works for Business Too

If you use your vehicle for any reason related to work, you need to modify your insurance policy so that it can include work-related coverage. If you own a business and your employees use their own cars for business travel, it would be wise to extend your business insurance by adding a non-owned car policy to protect yourself and your staff.

Under 25 Years Old Pays the Most

While it is true that some male drivers under the age of 25 will pay more than their female counterparts, in general averages both the young and old will pay the highest rates for insurance due to the statistics. Young drivers and senior drivers are most likely to be involved in road traffic incidents.

Car insurance for woman in UK in definitely cheaper than car insurance for their counterpart male drivers.

But do women really make better drivers? Insurance companies seem to think so. But why? Simply because they are much more careful compared to men! They have fewer accidents according to statistics , and even if they do have accidents they are mostly minor. Consequently, they file lesser number of claims and when they do, it is for lower amounts. Women drive lesser miles and so, their cars have lesser mileage. Women also usually don’t drink and drive. Therefore the need for special female car insurance in UK, which is at reduced costs in contrast to normal car insurance policies.

There are insurance companies that specialize in car insurance policies for women. As this type of insurance is gaining more popularity and makes more sense for both the women consumers and the insurance companies, all major car insurance players are offering lady car insurance in UK as a separate option.

Car Insurance for woman in the UK can be for Third Party Only (which covers car damage and injuries to third party), Third Party Theft and Fire (which covers car damage and injuries to third party; damage to your car due to theft and fire) and Comprehensive Car policy (which covers car damage and injuries to third party, your car damage due to any cause like collision, theft or fire and your injuries too).

Usually, female car insurance in UK has some special offers like courtesy car that can be used while your car damage is being fixed on condition that the repair is done by a garage appointed by your insurance provider, free 24 hour emergency help line to aid you if you are stranded on the road after an accident, flexible payment options, handbag coverage when the contents of your handbag are stolen or damaged, car stereo coverage etc.

Insurers have gone out of their way to attract women drivers by offering car insurance for woman in the UK which is attractive and affordable.

Starting a business is a stressful endeavor. There is so much to consider regarding basic operations and so many forms to fill out and papers to file. It is truly a wonder that businesses are able to get off the ground at all. If you are a new business owner, you know that insurance of all types is very much part of the equation in the development and opening of your business. However busy you are with the basic operations of business, you must take time out to implement a strategy to keep your business secure. To be sure, an essential ingredient to this security is taking out “key person” insurance (also known as Business Life Insurance).

Key person term life insurance is taken out on the life of the key executive or the business owner. All firms or small businesses depend on the key people or business owner to manage and keep the business running. These head people are critical for the success of the business and therefore the insurance is actually taken out for the benefit of the business. Businesses take out the policy on the key individuals and so the business also pays for the policy premiums. The monies that are paid to the business upon the death of the key executive or business owner allows that firm or business the time to figure out what direction to take. Those left to run the business can strategize as to how they can save the business. Will they hire a new head executive? Will they restructure operations? Will they need to eventually sell off assets or sell of the business altogether? What debts need to be paid? No matter the case, the monies paid out by the term life insurance buys a business much needed time to make the important decisions that need to be made.

What Value to Place on a Key Person

To be sure, any business operation would feel displaced upon losing its key person — especially when considering how to replace him/her with someone just as competent. In small firms, it is usually the founder who holds responsibility for keeping the books, managing employees, handling key customers and running all basic operations. Losing the key person leaves any company with much uncertainty and instability. There is no easy formula for determining the value of a key employee as each circumstance is unique. The company must consider anticipated profit losses, replacement costs and a compensation-multiple formula. These are typical methods of estimating a loss and subsequent policy value. The best thing to do is to shop for rates from several different life insurance agents as they can help you estimate how much of a policy to buy. You may also get term life insurance quotes online. Most agents agree that buying term life insurance instead of a whole or variable life is better as the premiums will be much lower.

Sole Proprietorships

Keep in mind that one-man operations do not need to take out key person term life insurance. If you are a business with zero employees there is no need to worry as your assets transfer to your family (family employees do not count). If your family depends on the income from your business, it is advisable that you take out personal life insurance.

You do not want to overlook the importance of an investment such as key person term life insurance. It can mean the survival or closure of your business legacy.

There are a number of ways you can cut down the expense of being a car owner, many of which are simple things that could have a significant effect over the course of your premiums.

First of all – why pay more than you have to for your car insurance? There are a number of potential discounts available to you which could save a considerable amount of money. Buying your car insurance online could save you as much as 25% off the premiums.

Also, do not get sucked in by unnecessary optional extras that you do not think you need – make sure you know what you’re paying for and that there are no boxes ticked which shouldn’t be.

Be sure to give your car insurance provider accurate details about the way you use your car so that you don’t end up paying for cover that doesn’t reflect your personal circumstances. For example, if you do not use your car to commute to work, and do not drive many miles each year, then giving this information to your insurance company could shave pounds off your car insurance quote.

The same goes for your car’s features, such as airbags, anti-lock brakes, and anti-theft devices such an immobiliser of alarm, which could all help to save you money on your car insurance. If you don’t already have these things, then you could consider getting some of them installed if you would save enough to make it worth your while.

You could also save money by telling your insurer if your car is stored in a garage or driveway instead of on the roadside – in a driveway it is safer from damage by other cars, and in a garage it has additional protection from thieves and your insurer will often reward you for this.

Some insurance companies offer a discount for drivers who have taken additional testing, such as Pass Plus test. If you do not have a no claims bonus, then this might help to bring your premiums down a bit while you build one up. There are also some car insurance providers that offer accelerated no claims discount deals, where you can build one up faster than usual.

Most important of all when trying to save money on your car insurance is to compare quotes – just because you have been with your car insurance provider since you started driving, doesn’t mean that they represent the cheapest cover on the market – shop around and find a policy which offers both the cover you need and good value for money.

Motor trade insurance policy is useful for people who are in the business of buying, selling and fixing of vehicles. Motor Trade insurance protects individual and property against risk of loss due to any unforeseen event. Motor trade insurance policy is important for all people who in the business of motor trade. To suit the requirements of different businesses insurance companies have come out with different policies to suit the needs and wants of business. These policies can be distinguished based on coverage, features and premium payable.

You can choose from five types of motor insurance policy. They are

a) Comprehensive Policy
b) Liability Policy
c) Third Party Policy
d) Fire & Theft Policy
e) Combined Policy

It is important that you understand your business requirements before choosing motor trade insurance policy. Some distinguishing features of motor trade insurance policy include administrative benefits and use of vehicle for personal and social use, personal insurance of driver and so on.

Some people working in motor trade industry are required by law to take third-party policy. Those traders who have to compulsorily take third-party polices include buyers and sellers of motor vehicle, repairers, mobile turners and fitters. Third party policies are general policies which have to be taken by people who work on motor vehicles. This policy secures the person against risk of failed repairs and the damage arising out of it.

The fire and theft policy is especially useful to protect yourself from the risk of fire and theft. Besides fire and theft protection this policy includes all the benefits which occur when you take third-party policy.

A comprehensive policy besides providing comprehensive coverage, includes all other benefits which occur to a person who has taken third party policy. Expanses included in comprehensive are damages caused to the vehicle due to normal wear and tear. Comprehensive policy does not include expanses incurred for repair of vehicle which has met with an accident.

Liability policy is best suited for people who are involved in the business of transporting people in their vehicles. The policy covers not only covers the people who are travelling in the vehicle but also the employees who are driving the vehicle. Liability policy is of three different types depending on the liability coverage that they offer. The three types are

1) Public Indemnity: This will indemnify the business in case there is any injury caused to the public.

2) Employee and Product Indemnity: This will indemnify the business incase of injury to employee or damage to company property

3) Sales and Service Indemnity: This will indemnify the business for loss arising to lack of proper service.

It is important to understand that benefits of each type of policy overlap each other. Therefore you should sit with your insurance broker or agent and try to get the best possible motor trade insurance quote from him or her. When getting a quote make sure that all your business risk are covered. If you purchase a policy that does not cover your business risk you will end up paying too much money without indemnifying your risk. So understand what your broker or agent is offering before taking motor trade insurance policy.

Did you get taught at school about liability, collision and comprehensive cover? What about deductibles and all the tips on how to get the cheapest car insurance? Chances are you didn’t, but if you’re one of the majority of individuals that drives a car, you’ve either learnt fast, took whatever insurance your relatives or friends suggested or you’re going to learn the hard way one day. Take the guess work out of choosing car insurance and read up so you can make an informed choice.

Many drivers pay more on their rates for a low deductible, and yet they take the minimum liability coverage. You could probably afford that $500 deductible if you had an accident, but could you afford being sued for $400,000 in damages? Spend your car insurance budget sensibly to cover yourself and your assets. Consider raising your deductible and using the savings to increase your liability protection. If you’re worth more (you have a good job or you’re studying for one) or you have significant assets obviously you’ve got more to protection than someone who doesn’t. If you do have a lot of assets an umbrella policy may be worth considering to make sure all your assets are covered.

Check your health insurance policy, if medical bills after an accident are covered you can cut personal injury protection off your car insurance policy.

Maintain a good credit rating, many companies use it to decide how much to charge you and even whether to cover you at all.

If you don’t have an extra car make sure your insurance company will pay for a rental car if you have an accident. The expense of renting a car for a week while your car is being repaired could be a lot of.

Shop around for quotes, a great place to start is a comparison website. Compare quotes from several different companies and read the policies to see how they compare. If you do switch policies make sure you notify your previous insurance company immediately and make sure there is no gap in your cover before your new one kicks in.

Car insurance can be costly, fortunately there are significant discounts that you can qualify for. Maintaining a good driving record is the best way to get your premiums down. Other discounts available include; low-mileage, safety features, multi-policy, senior, taking a defensive driving course and paying annually. Take advantage of all the discounts you can to get the cheapest rate.

Teenagers can add significantly to your car insurance rates. Consider having your teenager drive the family’s cheapest car and exclude them from other policies. Don’t forget if your teen moves out to take them off the policy. Just make sure you don’t lend them the car when they come to visit! If you still want your teenager on the policy, find out if your insurer will give you a discount when they’re away at school.

If your car has seen better days, and it’s not worth much, think about dropping collision coverage. The cost of your collision coverage might not be worth it when your insurance company will only pay out your vehicles worth.

Make sure you understand what will happen if you have an accident and what choices you have. Will your insurer pay for original or only generic parts to repair your car after an accident? Can you select your own mechanic or body shop if you have an accident? Read through your policy and make sure you’re happy with it.

Make calling your insurance company your number one priority after an accident. Many insurers have a time limit, generally around 48 hours for making a claim.

If you are unfortunate enough to need to make a claim, get a copy of the accident report, save all your receipts and make sure you record all the details of who you speak to. Make sure you include everything in your loss estimate. You may be entitled to claim sales tax and registration fees if your car has been totaled.

Put a bit of effort into getting your claim processed to speed up the process. Shop around for some estimates and follow up your insurance company regularly to check on progress.

Work with your adjuster to get the best outcome. If you disagree with the amount offered, get the adjusters reasons in writing. If you don’t get a satisfactory answer keep your cool and find out what your options are. Speak to the manager of the claims department and request that your case to be reviewed, consider filing a complaint with the state insurance department.

Rental Car Insurance: Do You Need It?

If you have ever rented a car for a short period of time, whether during a vacation, a business trip, or while your own automobile was being repaired, you have probably faced the question of whether to take out insurance at the rental agency desk when you rent the car. Paying your rental company for insurance on your rental car is necessary sometimes, but not always. In fact, much of the time rental car insurance ends up adding some fairly steep fees onto your rental even though the coverage you’re paying for may be completely redundant.

To know whether you need to write a check for the hefty chunk of change that many automobile rental companies collect for insurance coverage, all you need to do is spend a bit of time finding out exactly what kind of coverage you already have. In many cases, your regular auto insurance is more than sufficient to protect you financially if you do damage a rental car. Anyone who owns an automobile of their own has an insurance policy that gives them some level of coverage in case of damage to the car from an accident, theft, vandalism, or other mishap. It varies a bit from policy to policy, but most of the time this same coverage will apply to a car rented in the policy owner’s name. This means that if your car is fully insured, any rental car that you drive will probably be just as well covered as your personal automobile.

Of course, before you turn down added rental insurance at a rental car agency, make sure you have spoken to your personal insurance agent or a representative from the company that holds your policy to make absolutely sure your policy covers rental cars. If your auto insurance doesn’t cover your rental, you could be left holding a bill for tens of thousands of dollars. This kind of costly mistake can be easily avoided just by making one phone call in advance. Even if you are not planning to rent a car in the near future, it is not a bad idea to find out today whether your policy covers rental cars. That way, all the necessary information will be there for you when you need it.

Even if your regular insurance plan doesn’t adequately cover rental cars, you don’t necessarily need to pay the high insurance fees that a rental agency will probably charge. There are plenty of options to make sure your temporary wheels are covered in case of a collision or other cause of damage to the car. In fact, you can get a much better rate than a rental agent is likely to offer you even if you don’t own a car of your own. There are specific policies that insurance companies offer for customers who rent cars frequently. A non-owner auto liability insurance policy provides affordable and usually quite comprehensive protection for rental drivers who do not own cars. If you don’t have personal automobile insurance that already covers rentals, one of these can offer you the security of knowing you are fully covered without the steep prices of rental agents’ insurance packages.

Whether you find out that you need to take out a non-owner auto liability insurance policy, or whether you discover that you don’t need to pay anything above what you already do for insurance, a bit of forethought and planning can save you a lot of money at the rental desk. Your rental car may be temporary, but the savings will be permanent.

As a business you need to care about theft because your company tools and inventory may be worth a lot of money.  It is common for thieves to attempt to break into company vans and you need to be sure your commercial van insurance quote UK includes theft. 

Make sure that you estimate the appropriate amount of money that your inventory and tools are worth that your drivers are driving around all day.  If you estimate it too low then you may be out a lot of money if you have to file a claim.

Company van insurance in UK is different from personal insurance because it is much more expensive.  Personal insurance can be next to nothing if you have a cheap car you don’t care too much about and you are only insuring according to the state law requirements. 

When you get commercial insurance for your business vehicles you aren’t trying to get the minimum required by law insurance.  You want to get proper coverage that will protect your property, employees, and your inventory if there is an accident.

You need to have legal liability as a company when you have employees driving your vehicles.  If you are not properly insured and your employee is speeding and kills an innocent driver, then your company is at risk of being sued.  If you have the appropriate legal coverage then your insurance company will make sure the deceased family is taken care of and you will not be out of business. 

This should also include personal injury for employees and injured parties.  This will ensure that people are taken care of in the hospital if they are injured.  It will also ensure that if the people are out of work due to injury they are paid for their time out of work and they are paid for their time in physical rehabilitation if they need to be in it.

When you get a company van insurance quote UK you can also have the options to cover things like Physio Fast, Legal Services, and a new replacement van.  If you find yourself in a position where you need a replacement van it can be done but if you don’t opt for that in your insurance then the insurance company will not get you another one. 

You can also include options like foreign use, third party property damage, increase personal accident coverage, and more.  Be sure to look at all of the options when you get commercial insurance for your company vehicles.

When you are looking into company van insurance quote UK then you need to consider all of your needs.  Do not look at your business vehicle insurance as you would your personal auto insurance because they are two different animals.  If you look for cheap insurance for your business vehicles then you could be in really big trouble if your inventory and vehicles are destroyed in an accident.

So keep your vans safe with the right level of van insurance at all times, it helps you to sleep better at night.

Why don’t you…

Car insurance needs to be compared just as with anything else you buy, the car insurance provider will compete with each other to get you to take out their policy. The cost of the actual insurance will vary considerably along with what is and is not included in the policy and both of these have to be checked out when looking into policies.

While standard fully comprehensive car insurance will all include some of the same things, they differ in the extras that they include. Some providers might provide you with a courtesy car that would replace your own if you were to have an accident that meant your car was off the road for a certain length of time. With this in mind you need to check the terms and conditions very carefully before handing over your money to a car insurance provider.

Car cover is worked on by some basic criteria which the majority of insurance companies will follow. The main criteria which determines the cost of your insurance is the insurance group which your car falls into. The group is worked out by the probability of risk which is usually based on repair costs. The bigger the risk then the higher the group and the dearer the insurance will be. A high powered car will usually cost a lot more to insure than a mini would and this should be remembered when looking to buy a car, particularly for the younger age group. When going to buy a car if you are considering buying from a dealership they should be able to give you a good idea of what bracket the car will fall into. The size of the engine is also taken into account so this needs some consideration also when buying the car.

Another factor that is taken into account is your no claims bonus. A good no claims bonus can knock as much as 70% off the cost of insuring your car. The more you have then the cheaper the insurance will be and this is built up over years until you reach a certain amount. For example you will receive a bonus for each year that you do not claim against your car insurance policy. You can also choose to take out car insurance that will protect your no claims bonus in the event that you do have an accident.

The amount of time you use your car is also taken into account by the car insurance provider. For example if you only drive so many miles per year then you are able to get cheaper car insurance than someone who drives their car for a living. If you drive for a living then you are seen as a bigger risk, this is because the risk of you being involved in an accident rises. The security of your car is also taken into account, if you keep the car parked in a garage when you are not using it then it will be more secure than if you leave it on the kerbside. The level of security is also taken into account and if you install car alarms, tracking devices or an immobiliser then this can keep down the cost of your car insurance.