Motorcycle Insurance
Custom Motorcycle Insurance – When To Get Custom Motorbike Insurance
December 17, 2010 | Author admin
Think of the months you saved up for your motorcycle. Now that you have it, it is only smart that you get the insurance for it. After all, your motorcycle is a monetary investment. You worked hard to have it. You look at it as your own personal chopper and you have it stored in your very own garage. Your motorcycle is for you and it’s your s alone. You alone enjoy it.
That is why you have a sense of pride whenever you ride it or whenever you clean it. It only makes sense to protect it from being stolen or having a scratch from a motorcycle accident. Just in case the unthinkable occurs, you need to take the necessary precautions. Therefore, you have to buy custom motorcycle insurance.
Think of the following scenarios. Let’s say your motorcycle was damaged while you were on your way to work. Worse, what if your motorcycle was stolen when you just parked it behind the convenient store? These things happen.
You’re just unlucky that these happen to you. Well, at least you have custom motorcycle insurance. Insurance for motorcycles are like your own medical insurance. You buy it and you pay for it. Sometimes you don’t get sick and you wonder that you’ve actually paid for something you didn’t use.
But what if you did get sick? Imagine of how much you’d save because your insurance footed the bill. That is how it works with custom motorcycle insurance.
However, unlike car insurance, there is so much more involved in custom motorcycle insurance. The rate of your insurance depends on a number of factors. These are your age, driving experiences, brand of motorcycle, and the area that you live in.
It is more meticulous than car insurances. That is why motorcycle owners are often advised to shop around for insurance companies because the motorcycle insurance rates vary.
Finally, one more thing you should remember about the custom motorcycle insurance rates is that these are somehow customized for the individual. As mentioned in the previous paragraph, there are a lot of factors that affect the motorcycle insurance rate.
Because of this, motorcycles are harder to insure and harder to register. Not only that, there are different rules for each state. Then again, after buying the motorcycle that you want, we’re sure you wouldn’t mind going through all these trouble anyway because it’s all worth it.
via Custom Motorcycle Insurance – When To Get Custom Motorbike Insurance.
Insurance Tips For New Home Owners
December 13, 2010 | Author admin
If you have just bought your very first home, you are probably unaware of how your purchase has affected your insurance profile and that you need to review your existing insurance cover. In fact, even upgrading from a small, cheap house to a larger family home will impact on your insurance. Most people think that adding some form of homeowners insurance is all that is needed when purchasing a new home. While the addition of a homeowner’s policy is by far the biggest change, your other insurance policies will most likely need to be reviewed too. The following are some of the more prominent policies you may need to revise.
Homeowner’s insurance
If you successfully applied for a home loan, your bank will have required that you take out a homeowner’s insurance policy. The questions that you need to ask yourself are did I get sufficient cover and did I shop around for the best deals?
When analyzing your coverage needs, your assessment needs to be based not only on what is required by your bank, but also on the actual value of the property. Banks often pressurize you to take whatever insurance policy they put in front of you. Except for a few conniving banks, taking the bank’s own cover is not mandatory. This means that you have the option of shopping around for better insurance.
Car insurance
If you just bought a house, your marital status may have changed. If this is the case, then congratulations! You may be eligible for a lower premium as marital status affects your risk profile. Married couples are considered a lower insurance risk by insurance companies. You may also want to cover both your and your spouse’s cars under one policy. This should work out much cheaper than having two separate vehicle insurance policies. You may even want to go one step further and combine your vehicle and homeowner’s policy to get even cheaper premiums. Lastly, it is essential that you update your car insurance policy as your change of address will also affect your policy. This is essential because should you need to claim due to theft from your new home and you have not updated your policy, your claim might be turned down.
Disability and life insurance
If you were to become disabled or unable to work due to an accident or disease, your mortgage will still need to be paid. Disability cover will pay you a monthly benefit if this happens which could very well save you from financial ruin until you are able to work again. Similarly, life insurance will help pay off your debts and perhaps even the mortgage on your home should you pass away. If you are the breadwinner in your family, this type of cover is essential.
Purchasing a new home can be a very exciting experience, but it is important that you remember to review all your insurance policies to make sure that you and your loved ones are adequately covered. If you are unsure of where to start contact your insurance broker and without a doubt, shop around for the best insurance deals!
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Definition of Bodily Injury – Law – Personal Injury
December 1, 2010 | Author admin
Definition of “bodily injury”
A quick check on the Internet leads to many sites that provide definitions about injuries. However, the only definition that counts after you’ve been in an auto accident is the one listed in your auto insurance policy.
Check your auto insurance policy
Here are a couple of examples of General Definitions taken directly from auto insurance policies:
* Bodily injury means bodily injury to a person, including resultant sickness, disease or death.
* Bodily injury means any bodily injury, sickness, disease or death sustained by any person.
Bodily injury refers to injuries sustained
There you have it. Bodily injury is damage to your body that may show up now or later as injuries, illnesses, diseases, or even death. Bodily injuries are specific to something that happens to you that results in damage. Those injuries can be to the body, mind, or emotions, as opposed to an injury to property.
The most common forms of bodily injury are injuries to the neck and back (commonly called whiplash) or simply bumps and bruises.
Insurance companies may refer to underlying injuries as soft tissue damage. More significant injuries affect the limbs, brain and head, or spinal cord, and can cause a lifetime of damages. Here you will require Vancouver WA Personal Injury Lawyer to fight for justice by providing enough proof.
Reaction at the scene of an accident
At the scene of an accident, the adrenaline kicks in. Your body’s natural reaction is “fight or flight”, and most people are just scared and shook up, not always aware of what could be serious injuries.
So when you suffer bodily injury, protect your rights by the words you use. Instead of saying, “I’m fine,” just say something like, “I’m not sure… it’s all so sudden.” After all, how can you really tell in the rush of that moment?
Damages may not be visible
The thing that most people may not realize until later is that physical damage may not be readily apparent. Even broken bones might not be noticeable. In cases of whiplash, there may be no bruises or scraping, but the ligaments, connective tissues, and muscles may have been stretched and snapped to the point of damage that is not immediately evident. Such injuries may not be identified without an x-ray, MRI, CAT scan, or other diagnostic tools.
So what is personal injury?
The term “personal injury” is often used by victims to find an attorney who specializes in such cases, as our office does. Think of personal injury as an “umbrella” term that covers not only your bodily injuries, but other damages as well.
Educate yourself about your rights in an auto accident
Everyone deserves to find out if they have a claim. It’s better to learn about your rights sooner than later, though. For example, even in a simple conversation with an insurance company, you may say things that later might make it difficult to reach a favorable settlement. That is true whether you are talking with your own insurance company of the one that represents the other driver.
It’s better to consult with our offices immediately after the accident, to protect your rights and make sure you see medical providers who truly care about your injuries and are careful to document their findings.
My next blog will discuss some of the damages other than bodily injury that can affect your claim.
Understanding the various types of property-related insurance and owner builder insurance
November 29, 2010 | Author admin
Understanding the various types of property-related insurance and owner builder insurance
Article Submitted by: Abhishek Mishra
Friday, 03 April 2009
Everybody knows Insurance. In this contract the insurer promises the insured to give compensation for the loss of the insured entity or death of the insured person. Premium is the amount which is paid by the insured to the insurance company on behalf of buying the insurance. Insurance is in fact similar to risk management.
There are certain rules and principles which are strictly followed by the insurance companies before insuring anything or anyone. Companies check the reliability of the information provided by the insurer, their earning capacity and the worth of the entity etc. Even when claims for insurance payment are made by the insurer, the companies check about the truth themselves regarding the extent of damage or loss, the insured entity or person and then only they give the insurance money. There are myriad types of insurance available in the insurance companies- Like,
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Public liability insurance if any kind of damage happens to the insured property due to any person from the public insurance amount is given.
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Vacant land insurance is taken by people who have lands or any construction in the land which is not in use since a long time. In case of any damage due to fire, earthquake, flood etc. to the property insurance, amount will be paid by the company for the loss.
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Office insurance is taken by almost every office and their employees. In case of injury of the employees, their hospitalization bills are paid by the insurance company under which they are insured. And if any kind of damage happens to the office its cost is also paid by the insurance company.
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Home warranty insurance is a good scheme where maintenance money required for the home is given by the insurance companies
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Construction work insurance is taken by the builders for their buildings which are under construction and for the workers who are involved in the building construction.
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Contract works insurance is very popular among people whose nature of work involves them in contract working.
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Business insurance quotes are demanded by the companies, so that they can insure their business to the company which offers most competitive price.
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Property Insurance Australia has a huge insurance market in Australia.
Other than these insurances life insurance, Motor insurance, Property insurance, Workers compensation insurance and insurance for display home are the most popular types of insurance.
It’s good and important to have insurance because our life is uncertain and insurance provides us and our family a kind of monetary security in case something unexpected and bad happens to us, so that we can face the challenges of life and move ahead.
Insurance: 21 Auto Insurance Claims FAQs | ArticleBiz.com
November 29, 2010 | Author admin
Following are 21 auto insurance claims FAQ’s:
1. What is an auto insurance claim? Claim by made a policyholder to his auto insurance company in case of an accident or any other damage to his car.
2. When I can make an auto insurance claim? You can make an auto insurance claim within a specific period of time after you car has been wrecked in an accident or by other genuine means.
3. When will I have to pay for deductibles? You will have to pay for the deductibles if your accident is under the comprehensive or collision coverage.
4. Will the company cover cracks in the windshield? In case the cracks have resulted from colliding with any other object, vandalism, theft, storm, etc: yes.
5. How long will it take to get a respond from the auto insurance of a claim made? That depends on the efficiency of the company and sufficiency of your documentation.
6. What is a third party claim? If the at fault party has liability insurance; your filing a claim with their insurance company is the third party claim.
7. Can I make a claim if drunk? You will not be covered and also be fined for driving under influence.
8. What If I am involved in a fraud scam claim? Report immediately to the police and your auto insurance company.
9. Can I make a claim if a friend was behind my wheels during an accident? The claim settler from the company will decide who will be held responsible.
10. What if someone makes a false claim? Report immediately to the police and the auto insurance company.
11. What do I need in order to make a claim? You need to organize specific documentation to prove the genuineness of your case.
12. How do I realize which coverage supports my claim? You can either receive help from your auto insurance company’s representative or go through your policy in detail to see which coverages protect your claim.
13. Will making claims affect premiums? Claim making will increase premiums.
14. Will making claims cancel my policy? Cancellation of policy usually happens to only high risks drivers and frauds.
15. When is one given SR-22 forms? When a high risk driver consistently violates rules, then he is given them.
16. Does auto insurance pay wholly for claims? In case of comprehensive and collision coverages, deductibles apply.
17. What should I include in my claim statement? Include all the documentation that shows that your case is genuine along with the police report.
18. How can I make my claim stronger? By taking testimonials from those present in the scene and adding snapshots of the accident.
19. What happens if I am caught during a false claim? Your policy will be cancelled and driving rights seized.
20. If my policy is cancelled due to high risk driving, can I make claims through any other auto insurance company? Yes; through acceptance auto insurance.
21. When should I not apply for a claim? If the damage caused to your vehicle is lesser than the deductible. These 21 auto insurance claims questions will help you towards understanding the claim making process.
via Insurance :: 21 Auto Insurance Claims FAQs | ArticleBiz.com.
Insurance : The Advantages and Disadvantages of Monthly Auto Insurance Payment | ArticleBiz.com
November 29, 2010 | Author admin
The saying that you should look before you leap is a fact that is also applicable in securing auto insurance policy for your car. It is necessary that you painstaking consider how much you want to commit to it before you purchase the policy. In addition to this is to really consider the benefits that you want to get from the policy and the coverage that your car require. If you fail to do this initial plan you may have difficult time paying the periodical premium.
In a situation whereby you have financial constraint, monthly payment may be your best choice. This could be paid with your credit card or your bank account.
In case you are a lower income earner. The wise thing to do is to calculate all your monthly bills that you cannot but pay. These are bills like electricity bills, water bills and others. Just include your auto insurance payment. In this way you can conveniently settle your policy payment with little or no stress.
As a statement of fact when you want to pay the total cost of the coverage at once you monthly income may not be able o handle. This is because auto insurance policy is sometimes expensive. So the major reason for preferring monthly payment is to meet up with monthly budget. So the decision is yours depending on the size of your monthly income.
On the other hand the monthly payment cumulatively is more expensive that you pay the lump sum. The scenario is just like when you pay for an item on retail basis or you purchase it on wholesale basis. The wholesale price is always cheaper. But when you consider your income level it is possible that the monthly payment will support your cash flow
It is in your best interest having known that you may prefer monthly payment to ask for how much is their monthly rates. This will help you to really know how much you are adding to your monthly budget. It is a very good idea to ensure that you don’t conclude on the first insurance firm as a place to pick your car insurance policy. You can go ahead to compare them.
It is not enough for you to have a car insurance. There area things that are necessary for you to be aware of and one of them is knowing the coverage you can get with the benefits you can obtain from it. Always be aware that as a car owner the requirement of the law is to have coverage that will cover you, your and passengers if any in case of any misshapen or accident.
The number of auto insurance companies is unlimited and their rate varies depending on the coverage you would want to have and the benefits you enjoy. Internet had also made issue of comparing insurance quotes very easy. So it is left for you to take pain to do through work to ensure that you get minimum rate for better coverage and benef
via Insurance :: The Advantages and Disadvantages of Monthly Auto Insurance Payment | ArticleBiz.com.
Conquering car accident claim fears
November 8, 2010 | Author admin
the other party involved – even if they have suffered an injury resulting from it.
One of these reasons is they may not think their injuries are serious enough to warrant making a claim; however any type of wound that causes you pain or discomfort or impedes your ability to conduct your normal lifestyle is sufficiently interruptive to justify claiming accident compensation.
To demonstrate how seriously vehicle accidents are considered, the UK police force now ensures that serious crashes resulting in death are approached as a murder enquiry, and the organisation has significantly tightened the treatment of road traffic accidents. Each year, official police statistics state that over three thousand people are killed in vehicle crashes, whilst a staggering 35,000 are seriously injured.
Another factor that can lead victims to be reluctant to claim accident compensation is fear of not understanding the legal process and that they could be left with hefty legal bills and an unsuccessful case.
However, your chances of obtaining a financial payout for injuries you have suffered as the result of a car accident are greatly increased by consulting the services of professional accident claims solicitors. A trained legal professional’s knowledge of the law and your rights will improve the chance of your case ending successfully, and many firms also operate on a ‘no win no fee’ basis to relieve the fear of expensive legal bills.
At Claims Solicitors, we have extensive experience in dealing with – and winning – car accident claims, to help you receive the compensation you deserve. We will guide you through the entire legal process in plain, simple English to help you fully understand what grounds you can claim on, the strength of your case and the amount you will receive if you are successful.When a motor vehicle crash occurs, for a number of reasons many victims can feel reluctant to make accident claims against
Motorcycle Insurance – What You Need To Know
November 8, 2010 | Author admin
If you are passionate about your motorcycle, you should take a few minutes to make sure your motorcycle insurance adequately protects you, other parties and all the accessories that come with your bike. After all, a motorcycle is not an inexpensive pleasure, so let’s make sure you have all the information necessary to make informed decisions about your investment.
Motorcyclists purchase insurance to comply with statutory obligations as well as to have comprehensive liability and collision coverage and to enjoy the peace of mind of knowing they are properly insured. Motorcycle insurance has many options or riders from which to choose.
Most motorcyclists utilize a trailer and may even have recreational vehicles. Let’s face it; if you are on the road and have equipment, things happen. Usually they are good things, but sometimes things go wrong.
In structuring your motorcycle insurance policy, you should properly analyze your exposure. That process should include creating an inventory list of all accessories. Set a replacement cost for those accessories and check your statutory insurance requirements. Usually this list will be an eye opener and will encourage you to request an insurance quote for these accessories. Don’t forget to include your transport trailer!
You may then want to analyze your expected on-road usage and exposure. How many miles will you log this year? Will you be taking long trips? Will you be relying on your motorcycle when you are far from home? Where and how will it be stored when not in use? Is your motorcycle 25 years old or more? What extra features does your bike have? Will you be taking it “off the road” for long periods of inactivity?
All these factors will help structure your insurance needs. Knowing this information will also help you obtain a responsible and fitting insurance proposal.
Based on this information, you may want to consider the following standard options:
– Accessory coverage – amounts vary by state
– Transport trailer coverage – amounts vary by state
– Total loss coverage
– Comprehensive coverage – pays for damage to your motorcycle from theft, vandalism, flood, fire or other itemized perils.
– Collision Coverage – pays for damage when your motorcycle hits or is struck by another vehicle or object.
– Bodily Injury Coverage – provides protection if you injure someone while operating your motorcycle.
– Property Damage Liability – pays for damage to someone else’s property from an accident in which you are at fault.
– Medical Payment insurance – pays for medical expenses for the injured driver and passenger.
– Trip Interruption insurance
– Rental vehicle coverage
– Uninsured or Underinsured motorist coverage – pays for your injuries caused by an uninsured driver in an accident that is not your fault.
– Roadside Assistance coverage
– On-road insurance for off-road vehicles
Most reputable motorcycle insurance carriers will provide these riders. While nomenclature may vary from carrier to carrier, the riders are standard. The prices are not. Consumers need to get competitive pricing.
Like auto insurance, motorcyclists are evaluated for risk. The better the driving record, the lower the premium. Motorcyclists can request discounts as a responsible driver or for completion of recognized safety courses.
If the owner has other insurance with the same carrier, the company may provide a multi-policy discount. Motorcyclists should consider combining their homeowners, auto and motorcycle policies under one insurance roof. Like all insurances, policyholders can usually receive a discount for prepaid policies. If you have the financial ability to make a lump sum payment, you should receive a significant discount.
Many motorcycle insurance carriers also provide a claim-free renewal discount. Essentially, this is a reward for a safe driving record. Motorcycle insurance adds to the enjoyment of your cycling experience. Get proper insurance and enjoy the ride!
How to Claim On Your Motorbike Policy
November 6, 2010 | Author admin
An accident can happen at any time and could have significant financial implications. A motorbike insurance policy can protect you against these burdens and will provide peace of mind on the road. But how does one go about claiming on a policy and ensure a timely processing?
