CLASSIC MOTORCYCLE INSURANCE

CLASSIC MOTORCYCLE INSURANCE

What is Classic Motorcycle Insurance?

If you are the sort of person that believes your motorcycle is more than just a mode of transport then your classic motorcycle is probably your pride and joy. The good news is that insurers know this, assume that you will take greater care of your bike and lower the cost of classic motorcycle insurance accordingly.

Another reason that classic motorcycle insurance is often cheaper than standard motorcyle insurance is that premium prices are based largely upon the likelihood of a claim arising and statistics indicate that there are fewer claims for classic motorcycle.

This is not only because owners of classic motorcycle tend to take look after their vehicles more but also because classic riders are less attractive to thieves as they are often difficult to sell on.

However, one thing that can push up the price of a classic motorcycleinsurance premium is that the spare parts needed to repair a classic vehicle are generally harder to come by and therefore repair costs are often more expensive.

How to choose the cheapest Motorcycle Insurance? 

Lower your mileage

Classic motorcycle insurance policies usually have an upper limit on the amount of miles you can cover each year but if you agree to go below this limit then this could reduce the price further.

The logic is that the less time the bike spends on the road then the less likely it is to be involved in an accident. 

Increase the security

You can never be too careful, even with a classic motorcycle, so fitting alarms, immobilizers and tracking devices to your back will give you piece of mind and could lower the price of your policy.

It also helps if the motorcycle is kept in a locked garage when not in use and some insurers actually insist on this as part of a classic motorcycle insurance policy. 

Storage-only policies

If you do not plan on riding the motorcycle on public roads, preferring to take it to shows on a trailer for instance, then it may work out cheaper if you get a storage-only policy. However, you will have to make sure that any policy also cover your motorcycle is covered when it is in transit. 

Agreed valuation policies

You need to make sure that your policy will cover you for the exact amount your motorcycle is worth if it is damaged, stolen or written off. Possibly the best way to ensure this is to take out an agreed valuation policy whereby you send the insurers photographs and details of your motorcycle and then agree a valuation with them.

However, you must also bear in mind that the cheapest policy may not always be the best and you must make sure that you have chosen the right level of cover and not just the right price.

This is doubly important when taking out classic motorcycle insurance as you must also make sure that they agree to fit authentic replacement parts in the event of any repairs as using non-genuine parts will affect the overall value of your motorcycle. 

 

 

MOTOR INSURANCE

MOTOR INSURANCE

What is Motor Insurance?

A motor insurance policy is a mandatory policy issued by an insurance company as part of prevention of public liability to protect the general public from any accident that might take place on the road. The law mandates that every owner of a motor vehicle must have one motor insurance policy.

Why Motor Insurance?

 The owner of the vehicle's legally liable for any injury or damage to the third party life or property in a public place. Driving a motor vehicle without insurance in a public place is a punishable offense in term of the motor vehicle act.

Types of Motor Insurance

There are four types of motor vehicle insurance: Compulsory Third Party (CTP) Insurance; Comprehensive Insurance; Fire and Theft Only; and Third Party Property Only. Consumers should shop around and ensure they purchase cover appropriate to their situation.

• CTP is mandatory in all States and Territories and provides compensation for bodily injuries caused by vehicles. It does not provide cover for any damage to the vehicle and therefore other forms of motor vehicle insurance should also be purchased.

• Comprehensive Insurance can cover damage to vehicles, theft of vehicles, collision, malicious damage and weather damage. Depending on the policy, it can cover damage caused to other vehicles.

• Fire and Theft Only is a limited form of insurance that only covers for fire damage to, and theft of, vehicles. It does not cover collision damage to vehicles.

• Third Party Property Only provides cover for vehicles damaged by the policyholder's vehicle. It does not provide cover for the policyholder's own vehicle. This product is generally only taken out by consumers with a low value vehicle, protecting themselves against damage to other motorists.
  
  
  
  
  
  
  
  
  
  
  
  
  

PET INSURANCE

PET INSURANCE

What is Pet Insurance?

 Pet Insurance Companies Can Provide Pet Owners with Peace Of Mind. As dog owners, we understand that the day-to-day expenses can add up and the cost of pet insurance is one that may appear unnecessary at first. Much like our health insurance, pet insurance is there when the moment comes that you need to fall back on the financial support an insurance plan can offer.

Why Pet Insurance?

Pet Insurance is by far the best money I have spent in my life. Last year we needed a very costly surgery that we couldn’t have afforded on our own. Without the surgery, our pet would have needed to have been put down.

Types of Pet Insurance

1. Accident Pet Insurance Coverage. 

The most common and universally offered, no agerestrictions. Covers X-rays, surgeries, tests,
medications.

2. Illness Pet Insurance Coverage
Often restricted and/or becomes more expensive with age as the risk of illness goes up exponentially.

3. Wellness Pet Insurance Coverage
Some would like to have annual wellness visits and care covered as well to minimize out of pocket costs when the time comes. 

How to choose Pet Insurance?

 You may want to weight the cost vs. benefit of monthly premium cost vs. the types (and value) of benefits received in the case of a health issue or accident. If you have an older pet, age limitations will definitely play a part in forming your decision on the right pet health insurance plan for you. Review any plan deductibles or payout percentages that may impact your real out of pocket cost in the case of emergency.

Banfield Pet Insurance
 For many people pets are valued members of the family. They provide companionship and love and can fill even the most stressful of days with sunshine. However it is almost inevitable that at some point the family pet will fall ill.

Pet Insurance Review
 The variety of pet insurance plans that are available will suit every pocket and have been designed to provide finance for a wide variety of different pets – from dogs and cats up to animals such as horses – in fact equine insurance is extremely popular due to the high costs of treating ill health of horses. 

Best Pet Insurance

 When it comes to dogs and cats the offerings from pet insurance companies are not limited to coverage when the pet suddenly falls ill. There are also a variety of options for routine treatment – such as inoculations, vaccinations and the treatment of common issues such as flea and tick infestations.

The insurance also covers unforeseen issues such as care for animals that have been involved in accidents. The amount paid for pet insurance will vary dependent on the age of the animal and its record of chronic disease. In this way the costs of pet insurance vary in a similar way to the insurance that is available for human beings.

HOME INSURANCE

HOME INSURANCE

To protect ones’ property, home insurance is one of the greatest investments that a person can make. Home insurance play a pivotal role in making up your financial losses in case any disaster strikes. Here’s a guide to everything about home insurance that would help you protect your home.

What is home insurance? 

Home insurance or homeowners insurance reimburses a person for the losses in his home and for his possessions inside the home. Home insurance serves as a property insurance that provides protection to private homes against losses.

What all damages does home insurance cover?

Most home insurance policies cover the damage for

* Fire

* Explosion/Implosion

* Aircraft Damage

* Impact Damage

* Lightening

* Missile Testing Operations

* Bush Fire

* Bursting and/or overflowing of water tanks, apparatus and pipes

* Man-made Calamities

* Leakage from Automatic Sprinkler Installation

* Burglary & Theft

* Subsidence and landslide including rockslide

What all damages does home insurance not cover ?

Home insurance policies do not cover the damage for

* Loss of painting, works of art and antiques

* Loss of cash, cards, stock or other documents

* Loss or damage occurring when the home remains unoccupied, for a long period (usually 30 days)

* Loss or damage to any illegally acquired property

* If the section of the house is used for commercial purposes

* Loss to illegally acquired property

* Loss on account of livestock, motor vehicles, pedal cycles, money, securities for money, stamp, bullion, deeds, bonds, bills of exchange, promissory notes, stock or share certificates, business books, manuscripts and documents of any kinds.

What all are the things to consider while insuring a home?

A person insuring his/her home should be truthful to state the correct value and the insured object to the insurance company.

* To insure your appliances, you should clearly mention all the elaborate details like the name, the manufacturer, the value, purchase year, specifications and others for an easy settlement of claims.

* For appliances, one should ensure that the sum insured covers the replacement value of the appliance.

* It is important that you inform the insurance company of you have replaced any insured item so as the policy is revised.

* One should also inform the insurance company if they’re leaving the home for more than four years.

* If one sells the property during the insured period, the insurance policy can be cancelled and one can claim the premium back on pro-rata basis.

What is thehouseholder’s policy?

Householders’ insurance policy helps people to a large extent in case of a theft, fire or any damage to their household goods.

This policy not only protects your house from unpredictable events, but it also covers house owner’s personal properties like jewellery, laptops, audio and video equipment, furniture etc.

What all does thehouseholder’s policy cover?

Householders’ insurance policy covers the following sections

* Fire, building & contents: Fire lighting, domestic gas explosion, riot strike, storm, flood, earthquakes, landslides, bursting of tanks, pipes, etc.

* Burglary

* Jewellery and valuables: Accident or misfortune

* Breakdown of domestic appliances: Mechanical or electrical breakdown

* TV, computers and laptops: Mechanical or electrical breakdown/due to fire/burglary

* Baggage: Accident or misfortune while on holiday/tour anywhere in India

* Personal accident: Death/temporary disability

How can an apartment owner get his apartment insured?

 * Every policy is divided into two structures; cover for the building structure and cover for the building contents.

•A person getting an insurance policy for his apartment should keep in mind

that the insurance policy covers the home for its reconstruction cost and not for its market value.

* The reinstatement value is calculated on the basis of the built-up area and the construction rate decided by the insurer.

* The other important factor responsible for indicating the reinstatement value is the location of the property.

CAR INSURANCE ONLINE

CAR INSURANCE ONLINE

Facts to consider before buying Car Insurance Online

Choosing the right car insurance online is undoubtedly a tough task. Some research and comparing quotes before actually buying one, may help you find best Car insurance for you. 

The following tips may help you choose the right car insurance:

•      There are websites that let you compare quotes from several providers. You must take advantage of this to shop more efficiently and effectively.

•      You must also be clear your budget before you actually begin to shop. Choose a policy that you can reasonably afford.

•      Gather all your information including your name address, date of birth, ownership status of your vehicle, zip code of the place where your car is parked overnight, license status, and marital status. 

•      After considering the form of liability insurance needed by your state, pick your insurance from collision insurance, comprehensive insurance, uninsured motorist coverage, under-insured motorist coverage, and personal injury protection coverage. 

•      Keep your driving record ready with you as driving records provide information about your driver’s license, any traffic violations and any at fault accidents, which are evaluated by car insurance agencies.

•      Now that you have all kinds of information needed for car insurance , shopping, you can pick the appropriate company that offers you the type or types of coverage that suits your requirements at the best price.