Archives for 2011

Landlords Don’t Forget the Insurance!

Sunny Room in old Apartment
Creative Commons License photo credit: epSos.de

If you’re letting out a property you’ve a lot to think
about, you’ll probably be decorating, doing some DIY, making sure the property
adheres to safety standards and fulfils all regulations. You’ll be thinking
about contracts for your tenants, you’ll be trying to find the perfect tenants.
There’s an awful lot to think about, but the one thing you must not forget, is
to get Landlord Insurance. Even if you already have the property insured with a
standard home insurance policy, it isn’t sufficient when you have tenants in
the property. You won’t be covered, as the policy will be invalid.

There are some additions with landlord insurance that you
won’t find in a standard home insurance policy. The needs of a landlord are
quite different from those of a homeowner occupying their home, and the
Landlord Insurance policies reflect this.

Of course you’ll need Landlord
buildings insurance
, to cover structural damage. This is similar to your
standard home buildings insurance, covering you for floods or fire etc. but you
may also have additional cover for malicious damage. If a tenant vandalises
your property on purpose then you can file a claim. Your buildings insurance
should also include permanent fixtures such as fitted kitchens, wardrobes and
bathrooms.

Landlord
contents insurance
will cover you for any furniture you have in the
property, this may include carpets and curtains and white goods, but do check
your policy details careful to make sure all your items are covered. It is
however unlikely that your landlord insurance policy will cover your tenants
belongings. Check this and let your tenant know if they need to arrange their
own contents insurance for their possessions in the house.

Some landlord insurance policies will include Rent Guarantee
Insurance. This type of cover comes into play if a tenant perhaps refuses to
pay the rent, and may even cover you for your property being empty between
tenants. If you have a lot of outgoings on the property such as mortgage
repayments, this might be a useful addition for you.

Legal Cover and Liability Insurance can also be very useful.
You will be covered if a tenant is hurt, injured or becomes ill in your
property because you have failed to maintain something properly. This could be
a fall down stairs due to a rotten banister, or sickness caused by carbon
monoxide poisoning from a gas fire that hasn’t been properly checked. You would
also be covered for taking a tenant to court or having them evicted.

Reduced the cost of insuring your modified car

Porsche 911 Carrera S Techart
Creative Commons License photo credit: Ed Callow [ torquespeak ]

Despite what you may believe about the insurance costs associated with modifying your car, vehicle owners are actually able to offset the recent car insurance price hikes (especially when it comes to modified car insurance). By using comparison sites to compare car insurance and get the best deals going, modified vehicle owners are able to take full advantage of the huge savings available online with those various insurers which are happy to offer modified vehicle owners a fair price.

Any motoring enthusiast who chooses to modify their car can usually expect to suffer a massive hike in their insurance premium. Everything ranging from getting tinted windows to installing an in-car phone or getting a good-quality set of hubs will affect the cost of car your insurance. Take, for instance, the study commissioned relatively recently by one of the UK’s primary price comparison websites, moneysupermarket.com.

If you’re thinking of installing a body kit, then you may think again when you hear that it can increase your premium cost by up to 101 per cent. The main way of making significant savings, says the comparison site, is to compare car insurance quotes using its car insurance comparison tool – naturally.

But, despite what you may think is mere hype, these sites really are pretty good at seeking out the best-value deals, and saving you a hell of a lot of time in the process. But apart from just this, are there any other practical tips you can implement to keep your modified car insurance costs down?
It’s extremely important that you keep your insurer fully up-to-date with any modifications you make, immediately, because not to do so could well see your policy invalid and you in a whole lot of trouble.

Increase security
If you have a garage or driveway, make sure you use it and tell your insurer. Add an industry approved immobiliser, alarm and tracker to your car too, and you’ll cut a chunk off the price of your premium.

Pay annually – Paying an annual lump sum as opposed to in monthly instalments will save you anywhere between 10 and 20 per cent. And if you don’t think you’d be able to do this, get yourself a credit card that offers 0 per cent interest on new purchases or a 12-month interest-free period.

Add another driver – if you’re a younger, less experienced driver, it’s a good idea to add an older, more experienced one to your policy to bring down the cost. However, don’t name them as the main driver if they’re not – this is called fronting, is considered fraudulent and is highly illegal.

Take the Pass Plus test – Costing between £125 and £160, this can reduce the cost of your insurance by as much as 30 per cent, and once you have it, that’s it – no extra costs. While it has indeed been devised to help newly-qualified drivers, any driver can take it at any point of their driving career.

Don’t claim for every little thing
Every year you don’t claim on your insurance, you’ll qualify for a no-claims discount, and once you hit the five-year marker, you’ll save up to 65 per cent – which you can protect, meaning that you’ll be allowed to claim once or twice before your bonus is rescinded.

Reduce your mileage estimate
When you insure your car, you’ll be asked to give a good estimate of the annual mileage you’ll expect to do in the year ahead. If you overestimate, you’ll end up overpaying for mileage that you simply won’t use. Be conservative, and if you think you’re going to go over the mileage you originally stipulated, don’t forget to inform your insurer immediately.

Picture from flickr user: nazly

Salon Insurance (hairdressers, beauty, nail bars)

receiving transmission
Creative Commons License photo credit: muitosabao
There are few industries that rely upon recommendation and word of mouth more than hairdressers and beauty salons.

Should the worst happen, if you were to cause physical injury to a client or, worse, be burgled and not be able do that perm in time for Thursday afternoon bingo, and you were unable to compensate your clients, your business would be, like the neglected hairdo, in tatters.

Like hairdressers and beauty salons, nail bars and tanning shops provide the base for industries that rely heavily on human contact, both physically and in the psyche; it would be foolish to entertain such a venture without being adequately insured.
Salon Insurance should be the cornerstone of your cover and should protect financially you from many of the more common risks, such as general wellbeing within the salon and safe premises.

And, if you are not an independent trader or freelance beautician or hairdresser, you will need Employers Liability Insurance so that your staff can work safely and you’re secure in the knowledge that, should they injure their selves whilst carrying out their duty, you are covered, too.

Other general policies should not be overlooked. Your Buildings Policy is a must if you own the salon or shop – without that you have no business; and in the same breath, ensure that you can cover salaries and your own livelihood in the case of business interruption in light of a concurrent claim.

Applicable to both mobile and static businesses within the beauty industry are the tools of the trade. Should they be damaged or stolen, you need to be able to get them replaced quickly and to at least the same standard, to ensure continuity of trade and to deliver the level of service to which your clientele have become accustomed.
There are practises that you should incorporate within your day-to-day business that may carry favour with insurers, providing that you can prove they are being adhered to.

For example, if, as part of your business (whether it be you, a direct employee or a third party who rents a room within your premises), you are offering skin care such as cleansing, scrubbing and exfoliating, ensure that the person providing this service has suitable dermatological certification. Providing they do so, they will carry out skin testing before any application of product whatsoever.

Likewise, with hair colouring, not all hair-types are suitable for all colourants. Discreet sample testing should be implemented for any new clients and ongoing, up-to-date records kept as proof in light of any claim.
So, like your tools, stay sharp and do not cut corners, especially where your insurance is concerned.

Navigating Motorcycle Rental Insurance When Traveling

 Zero Engineering Type 9
Creative Commons License photo credit: Brett Jordan

By Linda Dailey Paulson

Navigating the need for insurance when renting a motorcycle can seem as challenging as handling a series of switchbacks, but, with adequate preparation, vacationing riders can enjoy the opportunity to see unfamiliar terrain from a two-wheeler.

Some credit card companies provide insurance for rental cars. However, this typically does not apply when the cardholder is renting a motorcycle.

It can be confusing to know whether you are covered fully by your existing policy. Even travel insurance may be inapplicable or inadequate. It is helpful to know the engine size of the vehicle you plan to rent, as some types of insurance don’t even extend to mopeds.

WebBikeWorld says the site frequently receives emails with questions about temporary motorcycle insurance for visitors to the United States, as well as American motorcyclists traveling outside the country.

Motorcycle Services says that those motorcyclists traveling outside the United States, even if they are using their own vehicle, must carry proof of insurance while riding. Typically, U.S.-based policies provide no coverage for the driver or their motorcycle when outside the United States.

If you are a resident of the United States or Canada traveling in Europe, there is a special type of insurance known as “Green Card” insurance, which reportedly meets the foreign regulatory requirements for tourists in most European nations. Again, check carefully before traveling to determine whether you have sufficient insurance for the countries in which you will be traveling.

Those who are visiting North American will typically need insurance if they intend to ride a motorcycle. Coverage required in the United States and Canada typically includes some sort of liability policy for the period during which you will be traveling. This reportedly includes liability coverage for $50,000 to $500,000 per accident and bodily injury/property damage coverage, along with medical coverage.

Some types of coverage may be optional. This may include collision, guest passenger coverage, or uninsured motorist coverage.

Another challenge for owners is whether or not they legally own the vehicle with which they intend to travel. Visitors or tourists typically rent a motorcycle while traveling, but they sometimes bring their own. Most nations’ customs officials will not release a motorcycle without proof of insurance. The lien holder typically will not provide a release to ship a motorcycle without proof of insurance applicable to the nation in which the driver will be traveling.

 If you are renting, the firm may require you to comply with local laws. California Motorcycle Adventures and EagleRider, for example, require each rider to wear an approved helmet.

You may also wish to consider optional types of insurance coverage. This may include collision or passenger coverage.

Obviously, you will want to carefully check to determine what motorcycle insurance coverage you will need for your trip and the laws of the roads on which you will be traveling. Read the terms of your policy carefully. Ask questions of your provider to determine if any additional coverage is needed.

Another factor to consider: Determine whether you have all the appropriate visas and licenses needed to legally operate the motorcycle in the areas in which you plan to travel before renting. You won’t need insurance if you can’t drive the motorcycle.

Linda Dailey Paulson is a professional journalist who writes for Carrentals.co.uk, a leading car hire comparison site that searches over 50 car suppliers from London to Sydney. Linda has been covering auto and legal stories for over 20 years.

What affects your home insurance premium?


Creative Commons License photo credit: wwiwsky

Home insurance premiums can vary quite significantly depending on your circumstances.  One of the first steps is to shop around for a policy and find the one that suits you best in terms of price and coverage.

When you are looking around for your policy sometimes it’s helpful to know how a home insurance premium is calculated.  It gives you a bit of insight into how you can get the cheapest policy by making a few changes to what you buy.

Some of the things that can affect the price of your house insurance are:

  • The type of home you live in, including the age of the property will have a large influence on the cost of your premium.  Some properties need specialist home insurance cover such as if it’s a thatched property.
  • If you opt to pay more excess  then you are likely to be able to pay less for your premium.  Your excess is the amount you have to pay up front in the event of you having to make a claim.
  • Just because a policy is cheap, doesn’t mean it’s the best cover to have.  A cheap policy might be missing certain extras that other policies have included in the premium price.  If it’s cheap, very often the extras need to be added on and will cost more.
  • Having a secure home generally means that you could pay less for your home insurance.  A secure property is seen as less of a risk by insurers.  Someone living in a secure home is less likely to make a claim for a burglary and theft of contents so insurers are able to charge them a lower premium.
  • Some areas are deemed more risky than others by insurers.  Insurers look at postcode areas to determine the risk of an area.  There are various factors that go into this such as the amount of crime an area has as well as environmental factors such as is the area at risk from flooding.
  • Unoccupied homes are not particularly easy to insure and can cause a home insurance premium to be higher than if there was someone living in the property regularly.  It’s a good idea to shop around for specialist premiums like this because specialist insurers might be able to do better deals than some of the main providers.

How to find the cheapest car insurance in California

parked cars

California has a lot of appealing qualities: sunny weather, beautiful coastline and even downhill skiing. However, if you are planning to move to California or are already a resident, you may as well resign yourself to the fact that car insurance in the Sunshine State isn’t cheap.

Indeed, according to Insure.com, California ranked #6 in 2011 in its list of states with the highest insurance rates. Considering there are 50 states, a #6 ranking is far from appealing. California’s average car insurance rate was estimated at a substantial $1991 per year. In comparison, the cheapest state in the country, Vermont, was only half that at $995 per year.

So what makes one state have a higher car insurance average over another? Every year insurance companies pour over current statistics to help them predict how many claims each state is expected to file and how expensive those claims are expected to be. Their conclusions determine the base insurance rate for each particular state.

Why does California pay higher rates than 44 other states?

Crime

The level of crime in a state is one of the main factors that affect a state’s average insurance rate. For example, the more occurrences of car thefts and car vandalism in a state, the higher that state’s insurance premiums will end up being. Unfortunately for Californians, year after year California wins the prize for being the state with most car thefts in the entire nation.

The good news is that, nationally, the amount of car thefts has been declining over the past five years. This is in a large part due to increased law enforcement and high-tech anti-theft gadgets such as hot-wire-proof ignitions and built in GPS units. However, the overall down trend hasn’t change the fact that California remains the leader when it comes to car thefts.

Uninsured Drivers

Most states require you to have uninsured motorist coverage on your car insurance policy. This is to protect you financially in case you are involved in an accident caused by an uninsured driver. In this situation, your insurance company is required to step in and cover your bodily injury expenses even thought the accident wasn’t your fault. Thus, the more accidents that are caused by uninsured motorists, the higher premiums insurance companies need to charge in order to avoid loosing money.

Once again, California isn’t positioned very well. In June 2006 the Insurance Research Council concluded that 25% of all California drivers were uninsured. This placed California equal to Alabama at 25% and just slightly below Mississippi at 26% for states with the highest percentage of uninsured motorists. In comparison, Maine had the lowest percentage of a mere 4% being uninsured.

Generousness of Claim Compensations

Insurance companies also consider how liberal a state tends to be with its monetary awards. States that have judges who award high compensation for insurance claims will invariably pay higher insurance rates. Also, states that have a higher proportion of lawyers advertising their services with the promise of securing high car accident settlements will also have higher insurance rates. Any Californian can attest to how inundated California is with these type of ads.

With all these factors adding up to a high car insurance price tag, what’s a Californian to do? Since they can’t find the cheapest car insurance in the nation, the best thing they can do is try to find the cheapest car insurance in California. Luckily, there are a few tried and true methods to achieve this.

Keep Your Driving Record Clean

Drive carefully. A squeaky clean driving record will give you a “good-driver discount”, which can add up to a generous 25% savings.

Drive a Car with Theft and Safety Features

Theft and safety features, such airbags, motorized seat-belts, built in GPS and hot-wire-proof ignitions can add up to a discount as high as 35%.

Shop Around

Shopping around is the best way to find cheap car insurance. One method is to pull out your local phone book, call the insurance companies in your area, get quotes from them over the phone and choose the company with the best offer. However, this is an extremely time consuming task and you risk the unpleasantness of being forced to deal with many pushy salespeople.

Another method is to contact an insurance agent and let them do the work for you. However, this is far from optimal since you will be at the mercy of their competence and there is the added risk that they will try to push on you an insurance company that rewards them with highest commission.

Then there is the web. The best and quickest way to find the cheapest car insurance is on the net. Simply type “cheapest car insurance in California” into a Google search and you’ll find many free web sites that can help you generate multiple quotes with very little effort on your part. Once you generate the quotes, it’s easy enough to choose the insurance company with the best price.

One final tip: Once you’ve found the lowest quote, you can call your current provider and ask if they can match that price. Usually they’ll be happy to because the last thing they want to do is loose your business to a competitor. This is a great way to get the cheapest car insurance in California without even switching companies!

Overseas Static Caravan Insurance

There’s nothing better than the feeling of escaping to your very own holiday home. You can head off as soon as the feeling takes you to escape the stresses of the working day, stepping into an entirely different country to make the most of the weather, the culture and the chance to relax. Static caravan ownership is a great way to have your perfect holiday home without having to spend a fortune on traditional houses, but you still need to bear in mind the practicalities of things like caravan insurance whenever you’re thinking of investing in static caravans abroad.

Luckily, most UK insurers will be able to offer insurance policies to cover your static caravan when it’s based overseas. This means there’s no need to worry about your investment and possessions not being covered, and seeing as you won’t be there most of the time this peace of mind can be invaluable – knowing that your caravan and its possessions will be protected throughout the year can be a huge weight off your shoulders, and you can be confident that everything is as it should be. But, make sure to check the small print – sometimes insurance for caravans based abroad have different exclusions, so always check so you know what you’re getting for your money.

It’s also important to look at a few additional features when you’re arranging cover for a caravan that’s overseas. Having an emergency helpline should be a part of all insurance policies, but in this case it’s vital to double-check that it’s English speaking so you don’t have any language barriers to contend with as well. It’s also a good idea to look into how insurance would work if you were renting your caravan out – as you’ll only be using it at certain times of the year it could offer a great opportunity to get some rental income, so always check what the implications would be to make sure you’re fully covered if you’ve got guests staying.

So, always make sure to remember the importance of having adequate insurance when you’ve got static caravans abroad if you want complete protection against anything that could happen. It’s not the most glamorous of considerations but it can give you the peace of mind that you need to know that everything is under control, allowing you to make the most of your holiday home without having a thing to worry about.

How accurate are Caravan Insurance Quotes?

2011 Motorfest - Some of the Highlights
Creative Commons License photo credit: NRMAdriversseat

In today’s internet world, it is typically quick and easy to obtain caravan insurance quotes. The question might be asked, however, as to just how accurate such quotations may subsequently prove to be?

A typical quotation

If you are looking for caravan insurance, you may go through a three stage process:

  • looking at the headline prices – it is important to keep in mind that prices used in advertisements are typically only ‘indicative’ and may make certain assumptions about requirements that simply will not apply in your case;
  • the quotation – this typically involves keying in a very limited amount of information relating to your caravan and individual circumstances, in response, you will typically receive a quotation (though more correctly, this should be regarded as an estimation only);
  • the final price – to obtain caravan insurance cover it is typically necessary to complete a full specification of your vehicle and circumstances and that will allow the insurance provider to calculate a final price and issue your policy documentation.

Not every caravan insurance process will follow these exact steps but they may be broadly accurate.

Changes to the price

Your insurance provider needs to understand a fairly significant amount of information about you, your caravan and the way you plan to use it, in order to provide you with full policy cover.

If there were things that you did not fully declare as part of the quotation process, then understandably the final price may change once your accurate details are available.

The price of your insurance may also be subject to change from the original quotation if, once the policy is in place, you change the way that you use your caravan.

For example, you may have taken out a touring caravan policy that offers cover for European driving ‘as standard’ for up to a specified number of days.

If you decide to take your caravan abroad for a period that exceeds that originally covered by the policy, then it would be highly advisable to notify your insurance provider of this in advance.

In that type of situation, it may be typically straightforward to extend the cover but there may be additional costs involved in this.

These will obviously not have been included in the original caravan insurance quotes.

Student Insurance Comparison

Being a student can be a fantastic experience. For many it’s the first time they have some form of responsibility, and while the main purpose is studying it’s obviously all about having fun as well. But, it’s important to not get carried away. There are a lot of practicalities that need to be thought of with student insurance being just one of them, and with a lot of types of insurance to consider it’s important to be prepared.

Most people initially think of contents insurance, and this is a fantastic place to start. Whether you’re in halls or in rented accommodation it’s important to protect your possessions, particularly as the number of expensive gadgets that you own could cost a small fortune. Laptops, TVs and iPods are common, and with the right insurance you won’t have to worry about leaving them unattended.

But, there are a lot of other policies you might want to consider investing in as well. If you own a car then you’ll want to get adequate insurance for this stage in your life, and many student insurers will offer student car insurance in addition to your current contents policy. If you opt for a specific student policy you’ll often be able to save money when compared to regular cover, and you can have plenty of added extras such as European extension and even the option of getting your no claims bonuses quicker. Of course, this all depends on the company that you go for, so do your research and see what you can find.

Gap year travel insurance is also a common request for students taking a break from their studies, and if you’re looking to head off into the wild then you’ll want to make sure you’re adequately protected. Many of these policies can be tailored to your individual requirements whether you’re backpacking or are looking for something slightly less intense, and you can even tailor it according to the specific activities you’ll be embarking on for total peace of mind.

All types of student insurance can be tailored to your precise needs, with many being extremely competitive so you don’t have to spend that student loan on your premiums. Having the necessary cover in place can let you enjoy your time at college or university without having to worry, so make sure to do you research and you can be confident that you’ll find the perfect policies to meet your needs.

Health Insurance

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Staying fit and healthy should be at the top of the agenda, and while some people stick with the NHS for any medical attention, for others this simply isn’t enough. Private health insurance is a common request for individuals that want to be in total control of their medical needs, and with so many options available it’s well worth looking into.

This type of insurance can put your mind at ease that everything is under control, with any health issues that you may suffer from being dealt with quickly and easily. You’ll be privately treated as soon as the need arises with no need to wait on NHS waiting lists, and if you pay your premiums you won’t get an unwelcome medical bill either. It works in the same way as other insurance policies in that you pay your premiums and then get the care should you need it (in accordance with your level of cover), and it can be an incredibly worthwhile thing to invest in.

There are a number of different policies that you could go for depending on your individual needs, with some offering a more comprehensive level of cover than others. This means it’s imperative that you look closely at the small print to make sure you’ve got the level of cover that you expect as all policies offer something slightly different, but with plenty of options available to suit all needs and budgets you’re bound to find what you’re looking for.

You might need, for example, a basic level of cover if you’re on a budget, or you could want the most comprehensive level of cover possible including cover for heart and cancer care, outpatient treatments, psychiatric care and even alternative therapies. Most insurers will offer a variety of plans to suit individual needs, and many can come with added features to provide additional peace of mind.

But, it’s important to not confuse health/medical insurance with cash back plans. This is a slightly different form of cover in that you still pay monthly premiums but you pay for any private treatment upfront in order to be reimbursed later, so always make sure that you’re investing in the right thing.

Ultimately, health insurance can give you valuable peace of mind leaving you confident that you’ll be treated quickly and professionally in private hospitals that meet impeccably high standards. There’s no need to worry about waiting lists and you can enjoy excellent facilities and treatment, so if you want to be confident that you’re putting your health first make sure to consider this most beneficial forms of insurance.

Life Insurance

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No-one likes to spend much time thinking about what’s going to happen when the time comes, but if you want to give your family something to fall back on then adequate insurance should be a vital part of your arrangements. By investing in appropriate cover you can be confident that you’re giving something back, and one of the most cost-effective policies is term life insurance.

This form of insurance covers you for a fixed, pre-arranged period of time, giving your family a lump sum in the event that you die during the policy term. Premiums are normally paid for the life of the policy (usually on a monthly basis but occasionally annually), and you’re only covered for as long as you pay the premiums – if you stop paying, your cover stops too.

But, it’s important to remember that this type of cover doesn’t come with any investment value, so if you don’t make a claim during the policy term (or, in other words, if you don’t die) there’s no maturity value payable at the end of it. This makes it a very cheap form of insurance, because while you’re free to potentially extend or renew your policy at the end of the term, your insurer isn’t likely to have to pay out during that initial period.

Despite the seemingly cut and dry nature of this type of policy, there are some variations that you might be able to find. Some insurers will offer family income benefit instead of a lump sum, for example, so it’s important to do your research to see what would be best. Ultimately the premiums that you have to pay will depend on the length of the term, your age, the amount to be insured and your general health, and as with all types of insurance there are plenty of optional extras that can be included to increase your level of protection (such as critical or terminal illness cover).

This form of life insurance is ideal for people that want an affordable and simple form of insurance that can give their family a lump sum if they die. It can be a huge relief to know that everything is taken care of, and with so many insurers offering this level of cover there’s no reason not to consider it. Take a look around to find the policy that best suits your needs and budget, and you can be confident that you’re doing the best thing you can for your family.

Business Insurance

Running a business can be tough. You’ve got a lot of responsibilities and obligations to uphold, and plenty of financial issues that need to be dealt with if you want to be operating safely and legally. Business insurance is an essential consideration and should always be invested in before you start trading, so it’s important to have a thorough understanding of what’s involved.

There are two distinct types of insurance that you’ll want to consider in this field, namely public liability insurance and employers’ liability insurance. These types of cover tend to come in a joint policy but your need for each will vary according to your individual requirements, so here’s a quick overview to help.

Public liability insurance. As the name suggests, this type of insurance offers valuable financial protection when dealing with the public. It provides cover if you have to pay compensation to a client, contractor or individual due to property damage or accidental injury, and could be required if (for example) someone suffers an injury when on your premises or if your employees damage property when at a client’s office.

Employers’ liability insurance. This type of cover deals with your employees themselves. When you hire someone you’re responsible for their health and safety when in the workplace, and if they suffer an accident or claim physical or mental illness then you’ll be responsible for any compensation claims they make.

Both of these types of insurance provide valuable assistance should someone make a claim against you, ensuring you don’t have to pay any compensation out of your own pocket. Considering the cost of many claims you’d be well-advised to invest in an appropriate level of cover, and with many insurers offering policies for small, medium and large businesses it’s worth researching accordingly.

The price of your premiums will always depend on the level of protection you need, the size of your business and the limits of your cover, so make sure to discuss your individual requirements with your potential insurer if you want to have adequate protection.

With public and employers’ liability insurance you can be confident that your business is operating safely and legally with your financial interests at heart. (You might also want to consider professional indemnity insurance as an addition, but that’s another story.) With adequate business insurance you can be confident that everything is operating as it should be and that any claims made against you will be covered, allowing you to focus on the more important things – running your business.

An Introduction to Van Insurance

Smabs Grandfather
Creative Commons License photo credit: Smabs Sputzer

Whether you’re driving a van for business or personal reasons, having adequate van insurance in place should be a top priority. Not only is it a legal requirement but it can be beneficial for your finances too, providing valuable financial recourse in the event of an accident, breakdown or other inopportune event.

There are plenty of policies you can choose from as well, so no matter what type of van you drive there’ll be something to accommodate. With the popularity of things like transit vans there are plenty of policies to meet your needs, but there are so many other options available that all needs will be thoroughly catered to.

This form of insurance works much like any other – you pay a monthly premium and are given financial protection in the event of a claim, usually up to a pre-arranged amount. The premiums that you pay will vary depending on a number of different points including your level of excess, the number of extras that you want, your age and the type of van that you own, but they can often be negotiated if you’re willing to (for example) increase your excess or alter your level of cover.

Most policies are offered on an annual basis, but these days they’re certainly not the only option. If you only need to drive a van for a short amount of time (perhaps you’re borrowing one when you’re moving home) then an annual policy obviously won’t be ideal, and luckily there are plenty of short-term and temporary insurance policies available to accommodate. These can be tailored according to your individual requirements, giving a cost-effective solution to your insurance needs.

There are a number of points you should consider when buying your policy, but you specifically need to look for the level of cover that you’re getting. What you’ll be comfortable with will obviously vary according to your individual needs and preferences, but it’s important to go for the most comprehensive level of cover that you can afford. This ensures that you’re totally prepared for anything that could happen and that you won’t lose out financially, because although we all begrudge paying for insurance it can nonetheless be invaluable should we have to make a claim.

Van insurance should always be invested in if you want to be driving legally on the roads, and luckily finding a policy shouldn’t be too difficult. If you head to price comparison sites you’ll find the whole process quick and easy and you’ll ultimately be able to save some money as well, so make sure to compare all the options and you’ll have the perfect policy that meets your needs and budget.

Travel Insurance

There’s nothing better than going on that much-needed holiday. You’re free to relax and unwind, forgetting about the stresses of everyday life and instead having new experiences that will leave you with lifelong memories. While that all sounds tempting, it’s important to not rush in. You need to be prepared for any issue that could arise, and investing in travel insurance should be at the top of the agenda.

This type of insurance often gets forgotten about in the general excitement of going on holiday, but doing so can be a big mistake. It’s there to give valuable financial protection in the event that things go wrong, and while it isn’t nice to think about it’s nonetheless essential to be prepared. Many policies offer wide-ranging cover to include everything from medical bills to legal expenses, and if you find yourself in trouble it can be incredibly beneficial.

There are a number of different policies you could go for, and the one that you choose will often depend on your individual circumstances as well as how often you travel. Single policies, for example, are ideal for those that just want to head abroad once in the year, but if you travel more frequently then a multi-trip or even an annual policy could work out cheaper. You’ll be able to get different policies depending on your destination as well, with worldwide, European and even Australian/New Zealand cover being common options.

All needs are well-catered to and your specific circumstances will ensure you get the best cover for your requirements, and with a whole array of policy options (including the more specialist options and additions such as winter sports cover, wedding cover and even cover for golf holidays) you’ll find that you’re totally prepared for all eventualities. Most insurance companies will be able to offer all of these different types and many more besides so it’s worth taking a look around to see which would work out best in terms of level of cover and price, and with flexible cover options you’re bound to get just what you’re looking for.

However, there are a few things you need to watch out for, and in some cases it can be difficult or perhaps more expensive to get the cover that you need. Older people may find it slightly harder to get travel insurance as will those with medical conditions – if you’re over 80 it can be incredibly difficult to find a suitable policy, and insurers will use their discretion in relation to medical conditions. All you can do is look around to find suitable cover, but once you’ve found it you can enjoy your holiday in confidence.

Motorcycle Insurance

For many people the motorbike is the ultimate road vehicle, but it’s important to remember that they also come with additional safety and security risks. This makes proper motorcycle insurance a vital consideration, and having it in place is essential if you want to be confident that everything is under control.

This type of insurance is a legal requirement – you need to have an adequate policy in place before you can drive on public roads – but that isn’t the only reason you should have it. It’s there to provide valuable financial recourse in the event of an accident or of your bike being stolen, and as they can be expensive vehicles it makes sense to have your purchase covered.

But, motorbike insurance doesn’t always come cheap. Insurers view motorcycles as being quite risky in terms of the likelihood of having an accident and of it being stolen, and they’ll charge their premiums accordingly. This makes it even more important to do your research, because if you look around and compare several options you could well save some cash.

You might also want to look out for other ways that you could reduce your premiums. If you’ve got insurance-approved security devices you’ll be reducing the risk of your bike being stolen and could well enjoy a discount because of it, and many companies will offer additional discounts if you’ve got an advanced riding qualification. Both of these factors indicate that you’re less likely to make a claim, so anything that can be done to reduce premiums and increase the level of trust you instil in your insurer should be considered.

It’s also important to note the different types of insurance you’ll be able to find, with all situations being well catered to. Classic bikes can often enjoy cheaper premiums, and if you’ve got a motorbike with a sidecar you’ll easily find the policy to accommodate. Sidecar insurance is often provided as an optional extra and doesn’t have to add much to your premiums, and is just one of the many additional features you could enjoy.

When looking for motorcycle insurance there are a number of things to bear in mind, and ultimately the benefits far outweigh the costs. There are plenty of options you can go for depending on your needs and budget, and with the right insurance in place you’re free to get out on the open road and experience the thrill of motorcycling for yourself.

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