Insurance Coverage against Uninsured Drivers During the Holidays

To help protect against uninsured drivers, consider buying uninsured motorist insurance because it protects, up to its limitations, bodily injury and damages to personal property as a result of an at-fault, uninsured driver.

Uninsured motorist (”UM”) is a valuable auto insurance coverage to have during the holidays because there is an increased number of travelers on the road for family visits and since alcohol consumption increases during the holidays, it may increase the risk of drunk driver related accidents. Some state laws even make the coverage mandatory because it’s so valuable. Other states make the policyholder sign an acknowledgement that UM has been explained, offered and refused.

UM plays an important roll in protecting against drivers who are not insured. It helps cover bodily injuries sustained by drivers and passengers and also carries a certain amount of protection against personal property. The amount of protection
can be selected the the policyholder and, of course, the higher the coverage the more it may cost; however, do not be discouraged because the added protection may not cost more than a few bucks a month!

Aside from protection against the drivers without car insurance, it may also help protect against the “underinsured drivers” out there carrying too little coverage to pay for the incurred losses. Did you know that some states such as California only require drivers to carry $5,000 of property damage liability? That’s not nearly enough to cover damages to a middle priced vehicle with structural damage.

Get a Quote on Uninsured Motorist Auto Insurance

There are two options to getting car insurance quotes:

1. The Hard Way - Pick a few insurer websites, visit them directly and repeatedly answer similar questionnaires over and over.
2. The Easy Way - Visit OnlineAutoInsurance.com, complete one set of questions, get car insurance quotes immediately online from quality brand name companies.

Get When Should You Consider Car Insurance

In South Africa, drivers have a choice of whether to insure their vehicles or not. If you’re considering whether or not you need car insurance, it is best to begin with a discussion of what it is and what it does.

In its basic form, car insurance provides protection against financial losses incurred as a result of an accident, theft or damage to your vehicle. You and the insurer both have certain rights and obligations in the event of an accident, and these are spelled out in your contract, or policy.

In general, car insurance takes three forms.

The minimum level of insurance is called Third Party or liability cover. This type covers your liabilities with respect to third parties such as people other than yourself who are injured in an accident, or other people’s property damaged in an accident deemed your fault.

The second is Third Party, Fire and Theft and covers the situations mentioned above and adds cover for theft and damage to your vehicle caused by theft and fire.

Comprehensive Car Insurance adds to the above with cover for accidental damage to your vehicle, vandalism, personal accident, limited medical expenses, damage or loss of personal property carried in your vehicle, and replacement of your vehicle in the first year.

Although auto cover is optional in South Africa, purchasing this cover is the sign of a responsible driver. South Africa is known to have the highest incidence of auto accidents and fatalities. Every time you get behind the wheel, you take the risk of damage to your car, to yourself and to other’s property in your own hands. Hijackings and thefts take place everyday, in some areas at an alarming rate. The simple fact is, unless you can afford to pay, out of your own pocket, to repair or replace damaged property, medical expenses resulting from an accident, or property damage caused by theft or fire, you should have car insurance.

Now, with a basic knowledge of insurance and its coverage types, it is time to begin shopping. You may suffer sticker shock, as premiums can be high for new drivers. Use the following suggestions to help bring your premiums down.

Research several companies, their cover and their premiums. It is possible to see a substantial savings on your premiums just by comparing the companies against each other - even for young drivers. It is easiest to get information and quotes online. If you decide to buy your policy online, you may receive a discount for that as well.

Consider your insurance premium as you shop for your car. High performance and expensive car models are more expensive to insure because of the increased risk and higher repair or replacement costs.

Another option is to pay a higher excess or deductible. This represents your portion of the financial responsibility when you have a claim. Insurers have minimum excess amounts, but if you volunteer a higher amount, you may save on your premiums.

Also, consider paying your premium at once rather than quarterly or monthly. Most car insurance companies charge interest, some up to 30%, when you pay in installments.

www.dashboardarticles.com

by Susan Renolds

Susan is the marketing director for Carinsurancesa.co.za. South Arica’s leading car insurance portal.

How to Earn Money Through Credit Card

Many people treat credit card as one of their expenses, something which cost them money. Many people refuse to have a credit card even for educated guy. They think, once they have credit card, they are going to pay more. This is totally wrong. They do not understand what is credit card, what credit card can does for them. Some pay more just because of their own bad habits of using credit card.

Credit card may earn more for us if we use it wisely and chose a correct credit card for us. The most two important factors to make credit card earn more for us are, annual fee waived cards and no interest charged card.

Before we apply for a credit card, we have to make sure no annual fee will be charged. There are some credit cards which are totally free for whole life without any condition. Some are free with conditions. A normal condition such as, at least 12 purchases made for one year. Another normal condition is, at least certain purchase amount made for one year. Please make sure you may fulfill the condition before you apply for it. Besides this, I will also consider the waive method used. Some credit card issuers just need a call to waive the annual fee. And some need to see your signature on black and white. You have to be very clear about this before credit card application. For me, I will only apply for a credit card which just needs a call because I am not willing to send an application form to apply for the annual fee waiver. This is just because I need to pay more if I need to send out an application compare with a telephone call.

Second factor will be, no interest charge. We have to make sure we are able to pay full before we purchase anything by using credit card, such that no interest will be charged. The interest charged through credit card is the highest rate among all banking facilities. If you are using credit card to own something which you actually not affordable, then you are paying more to the credit card, you can not earn through credit card. If you are this kind of person, then you may stop reading this article. We may make credit card earn more for us only when we are able to paying full statement balance.

We are not suppose to spend more money in making payment to the credit card. For me, I prefer the payment make through internet banking which is the most convenient and cheapest payment method. If I need to go to the banking hall to do the payment, then I need to pay for the petrol, car parking and I am wasting more time to do so.

With three factors above, we are paying the minimum amount, which is maybe one telephone call to get the annual fee waiver and the internet banking charge. If the credit card is a free for whole life card, we even save the telephone call. Below are five factors which may make us earn some money.

Firstly, every month we have to make a full payment before the due date. If we pay cash for our purchase, our money will leave our wallet or purse before we have the goods. But if we are using credit card, our money is still in our banking account earning the interest. If we are able to pay the credit card payment after a longer period, then we earn more. For example, if I made a purchase on one day and I need to do credit card payment after 10 days, then I earn 10 days interest just because the money is still in my banking account for 10 days. If I do credit card payment after 20 days, then sure I will be earning more compare with 10 days. So now, how to have a longer repayment period, even for more than one month?

You at least must have two credit cards with their statement date almost half month apart. Before using your credit card, just choose the credit card which just past the statement date. For example, one credit card with statement date 5th of every month and another one with 20th of every month. If today is 7th August, then I should be using the credit card with statement date of 5th. If the due date is 20 days after the statement date, then the due date to do the credit card payment will be on 25th of September. This is because the statement date for the purchase on 7th of August falls on 5th of September. How much interest you will be earning because of paying late? The interest you earn will be from 7th of August to 25th of September which is total of 50 days( more than one month ). If you pay your goods in cash, you are losing the chance of earning 50 days interest because your money leaves your wallet on 7th of August. By having two credit cards with statement date half months apart, we will be having a higher average repayment period. Let say we just have one credit card with statement date of 5th of every month and today is 4th of August. We have no choice and have to use this credit card even though we know tomorrow will be the statement date. The due date for this purchase is falls on 25th of August. It means we earn 22 days interest. If we have another credit card with statement date 25th of every month, then we may use that card for the purchase and we may earn 42 days interest from this purchase( assume due date of 14th of September ).

Most of the credit cards provide redemption point. We may get something we want by using redemption points we have, without paying a single cent for the goods. When I need some electrical items for my house, I always look for it from the redemption list. But if you refuse to use credit card, you have to pay for everything you need.

Many card issuers provides 0% interest instalment plan for cardholders to buy expensive items like furniture. This make cardholders more easier to own something expensive( of course you have to make sure you are able to pay the instalment full every month ). The plan helps you even earn more interest( using the same concept mentioned above ) because of the long period of instalment plan( from 6 months to 2 years ). The most important issue here is, the plan must be interest free. Longer the plan, the more you will be earning.

One last chance to earn more will be the cash rebate or cash back. Some credit cards provide cash rebate plan. The cash rebate rate is about 0.4% to 1% of the statement balance. The rebate is reducing the credit card balance. Some cards are giving one flat rebate rate and some are depends on your statement balance.

All whatever mentioned above is true in Malaysia. Some may not be true for your country. Please do your verification before any credit card application. Please use credit card wisely to make it earn money for us.

Author: Fong Sau Weng

Types of Insurance Policies

We have all probably taken out an insurance policy sometime in our lives, what we are going to take a look at, is a small variety of insurance policies you can get and there benefits.

Firstly we will begin with motor insurance, if you are driving a car you have to have insurance in place. Without car insurance you are breaking the law. Other than that having motor insurance in place can provide you with a vast amount of benefits. The two most popular covers would be in the form of third party insurance, which would cover the vehicle that you have collided into, but will not in any circumstances cover your own vehicle. The second will be in the form of fully comprehensive insurance; this will cover damages to a third party and damages to your own vehicle. Although fully comprehensive insurance may cost slightly more, it will be well worth it in the long run.

Next we will take a look at travel insurance, although travel insurance is not essential, it may well turn out to be in a few years. Most package airlines these days are already putting this action into place and will not let you travel unless you have a valid policy in place. Travel insurance can be very cheap to buy and has a wide variety of benefits, such as and most importantly if you fell ill or have injured yourself abroad, your travel insurance would work with the treating doctors to cover all of your fees. Without travel insurance abroad, medical bills can become very costly. Some over benefits that travel insurance can bring is to pay you out a sum when you have been delayed, or if you miss your departure point to reimburse you with your ticket price.

Another well known policy comes in the form of life insurance. Everyone, whether you like it or not is going to die one day. Life insurance is a great way to look after your loved ones, when you are no longer around. The benefits of life insurance can include paying for your funeral costs, which can be quite a pricy task, as well as leaving a fixed sum to your family members. A lot of people do not think about dying, but getting life insurance while you are young and healthy will get you the best rates.

Finally there are various other types of insurance policies available these days; you can obtain insurance for almost anything. Some other popular insurance policies include home insurance, extreme sports insurance, school insurance and personal possessions insurance.

writer by. Musa Aykac

Insurance that Covers any Driver that Drives your Car

Looking for auto insurance that covers any drivers?

Get car insurance quotes online for policy to cover other drivers rather than just you. Any driver you would like covered on your cars would have to fit the coverage eligibility and each company has its own rules and regulations on covering persons not included in the policy. In order to be sure, review carefully the details on "drivers covered" before allowing others to drive.

In general, anyone residing at your home address who will be driving your vehicles would have to be listed and included in order for auto insurance coverage to apply. Be cautious about the "excluded drivers" section which will specify anyone who it will definitely not cover. By signing the exclusion agreement, you are agreeing that those listed persons are not covered under any circumstance.

It is best to add anyone who will likely drive your cars in order to be sure; however, some companies will provide limited coverage for anyone who:

• does not reside in your household
• does not have regular access to your vehicles
• does not own the vehicle or is listed in the registration title
• is not using the cars for work place related purposes

If you're unsure or have a special circumstance, you may want to speak to an agent to check and make sure that the policies will be covering anyone who drives.

Adding a driver to a car insurance policy:

Policyholders can contact their carrier to add drivers who will be driving their automobiles. The process should be quite simple. First you will need to gather basic information such as date of birth, and any history of convictions and accidents such as convicted drunk drivers.

High risk drivers may generate a higher rate because they may be considered more likely to be involved in an accident. Young, teen or 1st time new drivers with a learners permit may also cause high premiums and may impact not just the vehicle they will be driving but all on the policy. Although there are some benefits to adding multiple autos to a policy such as multi car discounts, you should weigh out the difference in price savings by quoting the addition of the driver to your current policy vs. buying a whole new policy for them.

Quotes are free at OnlineAutoInsurance.com and with one simple process, you may get the rates of multiple leading carriers to complete a premium comparison. Since there are such wide ranges of drivers such as those with expired driver's license, elderly drivers or even the occasional imperfect driver with bad credit or no license at all, it is important to realize that there are companies out there that specialize in the high risk categories and can offer very reasonable rates.

Does auto insurance cover the car or driver?

When a driver purchases a policy, the liability portion will follow them to which ever vehicle they drive as long as it falls within the coverage guidelines. Other protection plans covering the vehicle itself such as comprehensive and collision will only cover the car specified in the policy and will not transfer to other cars.

Learn more by visiting OnlineAutoInsurance.com

Driver related articles:

• Can I buy auto insurance without a driver's license?
• Finding Cheap Auto Insurance for Young Drivers
• Car Insurance for New or Young Drivers

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