MORE than Finances

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

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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.

 

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Don’t Forget These Expenses When Buying a Car

Are you currently in the market to buy a new car? It can be really exciting to buy a car, especially if your old one is falling apart and started embarrassing you ten years ago. Whatever your reason is for parting with your old one, it’s now time to take a look at the market and see what’s out there that you can buy.

When you head to a car dealership, do you immediately fall in love with a car and feel like you have to have it? I hope you don’t – first of all, that’s how you overpay for a car, and secondly, that’s how you incur a handful of other expenses that you may not have previously thought about. “What kind of expenses?” you might be asking yourself. Let’s take a look at three big ones that you’ll want to consider when you buy your next car.

Gas Mileage

When you’re looking at vehicles, you might just assume that the smaller vehicles have better gas mileage than the larger ones. This is not always the case. I once had a friend that bought a Jeep Liberty and just assumed that it would get great gas mileage because it was much smaller than most SUVs. On a good day, he was lucky to average 16 miles per gallon. Another good example is a Saab. These cars are small, but they are more powerful than you think. It makes them fun to drive, but it also means that their gas mileage is awful. If you don’t pay attention to the MPG specs, you might be paying out more than you bargained for at the pump every week.

Dependability

Some people like to buy brand new cars because they assume they’ll be more dependable, while others like to sit back and wait for a few years to see which models really live up to the hype of dependability. I really like the latter approach, especially if the car is a brand new body style and engine than the previous years. Every new car just seems so great when you buy it, but it can turn on you quite quickly if it wasn’t engineered well. Do your homework and check the Edmonds and Consumer Reports.

Insurance

If you fall in love with a car and buy it without finding out the cost of the insurance, you could be in for a terrible surprise when you take that car home. I have looked at Porsches in the past, and the Boxters are becoming quite affordable, but the insurance is still outrageous! There are many factors that go into insurance costs, but mainly the more safe a vehicle is, the cheaper your car insurance will be. Trucks and Jeeps are cheap, and tiny powerful cars are typically pretty expensive. If you’re shopping around for insurance, check out Motor trade Insurance from Flint & Motor traders Insurance. Once you find the rate that’s best for you, you can confidently drive that car home without any big surprises!

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How to Get Free Life Insurance Quotes

There are several benefits to securing free life insurance quotes. The first and most obvious is that they’re free. The good news is that this does not mean that they are necessarily low quality in terms of the information that they contain, which due to government regulations must at least be accurate with respect to the product that an insurer is selling.

Shopping around is a necessary undertaking for the purchase of any financial product, and free quotes help with securing the best price. However, free quotes are also a good way to learn the differences between insurers and their life insurance products, and to become familiar with some of the technical terms and concepts in the insurance industry. Free quotes are a good way of doing some necessary research.

Free life insurance quotes can be secure via telephone calls or by walking into an insurer’s offices, but these approaches involve exposure to sales people. While this is not always negative, it means that the buyer can be caught up dealing with upselling language or with details that are not relevant. It can also involve being exposed to hard selling where the sales person tries to secure a customer for an account.

The best way to secure free quotes for price optimisation and research is on line. Almost all large insurers have quote wizards and on line ‘apps’ that walk the Web user through the process of entering relevant details to secure a quote for a specific kind of policy. There are also insurer’s Websites and on-line third party Websites that will help the customer determine the best policy type. This is an excellent kind of tool to use, as there are many kind of life insurance product all with different features and suited for different needs.

Free quotes on line may result in some limited marketing emails or require the insurance buyer to register an on line account, but it may well be worth allowing the insurer to store details in order to get the benefit of their quoting system feedback.

Some sales commissions for some kinds of insurance selling can be very large. Often buyers of what are known as life cover policies can be paying a large commission to the sales manager or salesperson. It is good to avoid the involvement of account mangers or salespeople for this reason. However, this does not mean that sound financial advice should be avoided or ignored.

Researching life insurance offerings using on line quoting systems allows the buyer to take their time with the process, learning at their own pace. Moreover, with the internet close at hand it is easy to do further research using search engines and copying and pasting search terms. The World Wide Web is full of Web sites where experts, government regulators, consumer help groups (private and government,) consultants and many other informative contributors provide ample reliable information. Some sites offer very useful comparison tables to make quick comparisons between products.

Using the internet and on line quoting systems is an effective way to learn about the differences between term and permanent life insurance, and to find out what other kinds of insurance may be suitable, without having to worry about commissions or sales pitches. Care should be taken not to commit to any given policy, although it is usually clear (and in most countries due to government regulation has to be) from the process when a purchase is going to go through.  Most importantly, perhaps, there are significant discount based savings involved in using many online insurance buying systems.