Posts Tagged ‘Kinds’

The Different Kinds Of Vehicle Insurance

Article by Greg Mingea









So you’ve just maxed out your entire budget and emptied your savings accounts buying a new vehicle and the last thing you want to spend any more money on is vehicle insurance. But on your way home from the second hand dealership with your new car it started to rain and the car in front of you slammed on its brakes and you narrowly missed driving straight into the back of it. And we all know that if you drive into the back of someone, the law says it’s your fault, no matter what the circumstances. You cursed yourself and thanked the universe simultaneously and swore that the minute you got home you would make a few phone calls and get vehicle insurance before something else went wrong, because while you couldn’t really afford vehicle insurance, you knew that you could not afford not to have it even more.

The good news is that vehicle insurance does not have to be the enormous drain on your finances that you may imagine. These days insurance companies offer a wide range of vehicle insurance products that will enable you to take out as much or as little insurance as you want, depending on your needs and priorities, and of course on your budget. There are many different types of vehicle insurance cover besides the obvious costs of simply insuring the vehicle for theft. The first entails coverage for bodily injury. This will cover you against claims for bodily injury from any people that may be injured in an accident you have caused. We all hope that we will never be responsible for hurting another due to own reckless driving or simple bad luck, but if it does then we certainly want to be able to take responsibility for it, and this way you can. The next kind of vehicle insurance covers you in respect of claims arising out damages to the property of third parties – whether it’s someone else’s car or garden wall – that you may have caused or for which you are responsible. A third type covers you for medical payments for injuries to yourself or your passengers.

Sometimes an accident won’t be your fault but the other driver has either no or inadequate insurance. In cases like this it is very handy to haven uninsured and underinsured motorist coverage as you will then be protected against other people’s negligence. Finally you of course want to protect yourself against damages to your own vehicle. You can take two types of vehicle insurance here, against collision and comprehensive cover. The first will only cover you for damages due an actual collision, while the second also extends coverage to damage caused by storms, a falling stone that may crack your windshield, or your neighour’s wall collapsing onto your car.

Depending on the value of your vehicle and an accurate assessment of your anticipated risks you can then select the combination of vehicle insurance options that works best for you and your vehicle. You may decide that your vehicle is simply not worth enough to spend too much on possible damage to it, but that it’s more important to protect yourself against possible damage to another vehicle. Alternatively you may live in an area were theft is minimal but hailstorms are regular. Either way, it is possible to structure what you spedn on vehicle insurance in a way that curtails possible unexcited costs for you down the line, giving you the peace of mind to drive safely and securely.



About the Author

For more information about vehicle insurance visit the website http://www.payasyoudrive.co.za










Understanding The Many Kinds Of Business Insurance

Because different businesses are set up in diverse ways and include a wide range of assets and liabilities, business insurance Los Angeles is one of the most complicated kinds of insurance you can buy. Almost everything can be insured including employees, merchandise, vehicles and property. This is great for the flexibility of coverage that it offers, but it can be difficult to navigate all the ins and outs. Here is a review of the basic types.

There are nine basic categories of business insurance:

-Property Insurance covers business premises and contents against loss or damage. It can also cover third-party property that belongs to someone who is engaged professionally with the business.

-Casualty Insurance protects against loss or damage to the business. It is similar to liability insurance, though more elastic.

-Liability Insurance protects you financially in the case of another business or individual taking legal action against the business.

-Commercial Auto is like regular auto insurance, but it specifically covers business vehicles should they be a party to damage or accident. It is necessary for any company that owns a vehicle as personal auto insurance will not cover these situations.

-Workers Compensation follows state guidelines. For business insurance Los Angeles this insurance is required without exception. In effect, this service offers almost automatic reimbursement to injured workers in exchange for their agreement not to sue their employer for damages.

-Business Interruption insurance offers reimbursement of projected losses based on a production delay of some kind. This insurance kicks in if business is forced to stop while an important repair or adjustment is made. The business recoups lost revenue in exchange for the payment of premiums.

-Health Insurance is currently in a state of flux nation-wide. Depending on the size of a business, it may or may not be required to offer health insurance to its employees. More and more business are trying to include a health insurance package in order to attract new workers.

-Life and Disability Insurance protects important partners or other business personal. These policies are intended to keep the company solvent should an unexpected death interrupt operations.

-Scripted Policy includes specialty insurance that is written for a very specific purpose. A boxer who insured his hands would be one extreme example.

The first two kinds of insurance described above are often packaged together and called property and casualty insurance. This combination is considered to offer good coverage for basic business needs. Obviously, it is important to carefully analyze the specifics of your business to insure appropriate coverage. It is a good idea to begin with an insurance company that has the capacity to offer more comprehensive coverage as your company grows. Find one that has good rates and policies and who are easy to work with. As always, consult around before you buy to insure a good understanding of the ins and outs of the business insurance market.


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Related Business Insurance Articles

Understanding The Many Kinds Of Business Insurance

Article by Barbara Jackson







Because different businesses are set up in diverse ways and include a wide range of assets and liabilities, business insurance Los Angeles is one of the most complicated kinds of insurance you can buy. Almost everything can be insured including employees, merchandise, vehicles and property. This is great for the flexibility of coverage that it offers, but it can be difficult to navigate all the ins and outs. Here is a review of the basic types.

There are nine basic categories of business insurance:

-Property Insurance covers business premises and contents against loss or damage. It can also cover third-party property that belongs to someone who is engaged professionally with the business.

-Casualty Insurance protects against loss or damage to the business. It is similar to liability insurance, though more elastic.

-Liability Insurance protects you financially in the case of another business or individual taking legal action against the business.

-Commercial Auto is like regular auto insurance, but it specifically covers business vehicles should they be a party to damage or accident. It is necessary for any company that owns a vehicle as personal auto insurance will not cover these situations.

-Workers Compensation follows state guidelines. For business insurance Los Angeles this insurance is required without exception. In effect, this service offers almost automatic reimbursement to injured workers in exchange for their agreement not to sue their employer for damages.

-Business Interruption insurance offers reimbursement of projected losses based on a production delay of some kind. This insurance kicks in if business is forced to stop while an important repair or adjustment is made. The business recoups lost revenue in exchange for the payment of premiums.

-Health Insurance is currently in a state of flux nation-wide. Depending on the size of a business, it may or may not be required to offer health insurance to its employees. More and more business are trying to include a health insurance package in order to attract new workers.

-Life and Disability Insurance protects important partners or other business personal. These policies are intended to keep the company solvent should an unexpected death interrupt operations.

-Scripted Policy includes specialty insurance that is written for a very specific purpose. A boxer who insured his hands would be one extreme example.

The first two kinds of insurance described above are often packaged together and called property and casualty insurance. This combination is considered to offer good coverage for basic business needs. Obviously, it is important to carefully analyze the specifics of your business to insure appropriate coverage. It is a good idea to begin with an insurance company that has the capacity to offer more comprehensive coverage as your company grows. Find one that has good rates and policies and who are easy to work with. As always, consult around before you buy to insure a good understanding of the ins and outs of the business insurance market.



About the Author

Visit Business Insurance Los Angeles for more information or visit our blog at http://thesameshape.com/business-insurance-los-angeles-2/.

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