MORE than Finances

Get your finances in order, and get on with your life!

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Handling Claims: What You Need to Know About Your Bottom Line

key-949094_640Car accident claims can be complicated and your insurance is certainly going to want to be sure of who is at fault in an accident.  Yes, we pay premiums to ensure that accidents will be covered, but what insurance agencies don’t mention is that they will pass off the expenses to you or another party if they believe the accident can be listed as not covered.

This, in turn, can affect your bottom line, which is directly connected to your wallet and livelihood.  That is why it is important to contact an experienced professional to handle this situations.  There are a wide variety of car accident lawyers that know how to protect your car accident claim and you should arrange a consultation soon after your accident to ensure a smoother process.

Is there anything else I can do to protect myself?

Indeed, there are plenty of steps that can help to keep you protected.  As mentioned, the first is to contact an attorney to handle your claim, as they will know all of the regulations and can handle the insurance company with far more success.  In addition, you can:

  • Arrange an emergency savings
  • Take plenty of pictures of the accident scene (police will do so as well in many cases)
  • Get the information of all witnesses
  • Immediately contact your insurance company

As you can see, these are just a few things that will help to expedite your claim and make the process easier for you in the long run.  Things like taking pictures may also strengthen your case if it goes to court, as your attorney will have plenty of visual evidence with which to argue your case.

Can I be compensated for lost time at work?

Yes, lost time at work is certainly something that your attorney will factor in during your case.  It is their job to ensure you are fairly compensated for lost time, damages, vehicle replacement, rental fees, medical bills, and often hardship payments as well.  Be sure to discuss all of this with your attorney in order to be sure that you are not leaving anything out.

Are there any resources I can turn to for help?

Many churches and county agencies are available nationwide to help families in times of need.  Your attorney may have a list of local agencies to whom you can turn for assistance while you are in recovery.  Assistance with food, rent, electric payments, and even counseling services may be available in your area if needed.

Remember to include this information for your case if you need to seek help.  This is information that will help your attorney to build a solid case for you, as the need for assistance certainly shows hardship.  If you are involved in an accident that results in lost time at work, remember to also speak to your HR Department and fill out any necessary paperwork for Temporary Disability, as that will help to ensure you have some income during your recovery as well.

By taking the right steps and hiring an experienced attorney, you can be sure to protect your bottom line and reduce the stress that these cases often bring about.  Do not hesitate to ask questions and be sure to give your attorney all of the relevant information they need to provide a successful outcome for your case and get you back on your feet.

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How to Save on Auto Insurance

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In the United States there has been much debate about the legality of auto insurance. The Road Traffic Act 1988 in the United Kingdom, states that all drivers must have auto insurance. There is, however, no national law in the United States requiring auto insurance. It is left to the municipal state to establish laws regarding auto insurance.

Forty-seven states have passed legislation requiring auto insurance, while the remaining three have set stipulations for those without insurance coverage. In Virginia, you have to pay an annual fee of $500, if you do not carry auto insurance. In New Hampshire and Mississippi, drivers have to post cash bonds instead of insurance. That way if you cause an accident, the cash bond will cover the cost of damage and injury to the other driver.

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MAKE SURE YOU’RE INSURED BEFORE YOU RIDE

Whether you choose four wheels or two as your primary mode of transport, you potentially face many risks and pitfalls. Stalwart bicycle and motorcycle enthusiasts who prefer handlebars to a steering wheel, need to know that insurance is an absolute must.

Before considering motorcycle, car, and/or bicycle insurance it’s important to do some research, and with a great variety of insurance comparison websites online, the job is much easier.

BICYCLES:

Cycling enthusiasts or those who ride a bike for recreation are at risk every time they mount up. Not only are they vulnerable to being knocked off their bike by motorists, but cyclists can also cause damage to other vehicles and pedestrians. Bicycles are also a favourite prize for thieves. Some bicycles are extremely valuable and like all your possessions, should be insured against theft or damage. If you or your family own more than one bike, it’s even more important to ensure that all bikes are covered in case of damage, loss or theft.

The first step is to check your home and contents insurance policy to see if your bike is included in the list of valuables. This might be sufficient for some people, but if you plan to actually ride your bike, and it happens to be stolen while you are away from the home, you obviously won’t be covered. Also, if you belong to a cycling club and ride competitively, you’ll want to consider a higher level of insurance.

Those insurance companies (http://www.nrma.com.au/bicycle-insurance) who deal specifically with covering cyclists will usually include:

  •  Theft from home or away from home, including overseas
  •  Personal accident cover
  •  Loss, or damages sustained in transit, for example on roof racks or on a bus or train
  • Accidental damage or crashing whilst racing or competing
  • Accidental damage or crashing whilst riding in any situation

As with all insurance policies, it’s important to ensure that you have enough coverage on your bicycle, as some insurers may impose a cap or limit on the amount insurable.

MOTORCYCLES:

The risks that apply to bicycle riders also extend to motorcycle riders. However, insuring your motorcycle is different to car, and/or bicycle insurance. In terms of risk to the insurer, there are a number of factors to consider.

  • Comprehensive Motorcycle Insurance protects you if your motorcycle is damaged, or you damage someone else’s property, or if it’s stolen. Comprehensive policies even cover theft or loss of expensive riding gear like helmets, boots or other valuables in storage compartments on your bike.
  • Basic Third Party Motorcycle Insurance is general cover which protects you if you cause damage to someone else’s vehicle or property. Premiums vary between insurers, but it’s an affordable option favoured by many motorcyclists on a budget.
  • Anti-theft Motorcycle Insurance provides a cheaper option and will cover you if your bike is stolen and is not retrievable. This includes replacement with the same make and model if you purchased the bike brand new. If your bike is damaged as the result of theft, this insurance will pay for repairs and on-road costs.

Cyclists and motorcyclists alike enjoy the freedom of getting around on two wheels, so it is of paramount importance to keep safe, protect your property – and make sure you’re insured before you ride!

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Life Insurance Choices: How to Pick the Best Option

Life insurance gives you the ability to provide for your family when you’re gone, all while covering potentially expensive final costs of funeral services and medical bills. Of course nobody actually likes to think about this possibility, it is necessary and the more prepared you are, the better off your family is going to be. In order to do this you’ll find obtaining life insurance is a must. In addition to comparing the life insurance rates there are also some other factors which should determine your decision.

 

Life insurance is going to help you pay for all of these circumstances and you’ll also have a nest egg for your family to live off of. On top of it all, life insurance can come in as a rather valuable investment, so you need to know what to look for and what sort of investment these services can offer. Not all life insurance policies are created equal, so it is essential to look over the different options made available to you and sift through the bad policies in order to locate the one best for you and your family.

Protection vs. Investment
This is the main aspect you need to look into when it comes to selecting the very best life insurance policy for you and your family. Protection is exactly what it sounds like. The protection policy is there to provide your family with a lump sum payment designed to cover all possible expenses and protect your family from having to pay out of pocket. This kind of life insurance usually only goes into effect should you pass on.

 

On the other hand, an investment life insurance policy does give you the option of keeping the insurance until you die, but you also have the option of cashing it in after a set period of time. This is because you pay in on regular or set premiums in which you gain interest. The interest is often higher than what you might receive in a savings account or other forms of investment (including CDs and high-yielding savings accounts). An investment life insurance policy is an excellent choice for younger individuals because even if you decide to cash this in, you have time to open a new life insurance policy without a hefty monthly fee. The younger you are when opening a life insurance policy the lower the monthly payments.

Payment Contracts
One necessary aspect to look into, regardless of the form of insurance you take out, is the payment contract. Some life insurance policies only pay out should you die, but this doesn’t help much if you are diagnosed with a terminal illness or a critical illness. These are incredibly expensive, which is why it is important to make sure the life insurance policy pays out should one of these occur.

 

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Things You Probably Don’t Know About Financing a New Car

For some time now, you have been considering the possibility of financing a vehicle. At last, you are going to take the leap and look for a car to purchase. What are some of the things you might not know about financing a new car?

Higher Insurance Rates

Right now, you might be assuming that you are going to get an excellent insurance rate on your car because it is brand new. Well, be careful with that. Since the car is new, you’re going to need a full package that includes collision. If you have been driving around an older vehicle, the insurance rate is probably going to surprise you. When you want to find a great package that works for your situation be sure to contact homeownersinsurance-quotes.org.

Credit Scores and Interest Rates

Hopefully, you know that in addition to the loan payments for the car, you are going to have to pay interest on that loan. These payments will just be added right on to your monthly loan payments. However, you might not realize that your credit score has a huge impact on how high or low these interest rates will be. If you have poor credit scores, then you are likely going to wind up with some rather high interest rates.

You Can Refinance

Most people have heard of the term refinance, but they might apply it only to housing situations. Despite what you may currently believe, you can actually refinance a car loan as well. In a few months or so, you can try to refinance to get a lower interest rate. With a refinance on a car loan, you might also be able to extend the life of the loan. If you are having trouble making the monthly plans, having the loan for a longer period of time could certainly help.

Understanding The Sticker Price

Too many people assume that they can walk into a car dealership and just demand whatever price they want, but it does not work quite like that. Yes, you can look for price comparisons on the car around the neighborhood, and you can certainly see what its estimated value is. Still though, this information does not mean that the dealership is going to give you the exact price that you would like to have. Remember, the dealership is a business, and it needs to make money. Be reasonable with your negotiations.

Trading in Cars

You may be a little bit confused about this process as well. If you are going to trade in a car, that vehicle does not have to be the same make as the one you are planning to buy. You should also realize that it’s very unlikely you’ll receive a huge sum of money for the trade-in vehicle. This statement is especially true if that car you’re trying to trade in is very old or in poor condition. When you’re unhappy with the trade-in value, you can try to negotiate.

All of this information might be a bit surprising to you. However, you now know so much more about purchasing a new vehicle and the implications that it can have for you. When you go into the dealership, you are going to appear as though you are an old professional at this game.