Insurance

Tips on filing insurance claims for home, car damage

Tips on filing insurance claims for home, car damage

General, Insurance
Tips on filing insurance claims for home, car damage Following severe storms that tore through North Georgia Monday, the state insurance commissioner’s office Tuesday morning offered these tips on reporting home or car damage claims:- Contact your insurance agent immediately. Your agent should provide you with claims forms and arrange for an insurance adjuster to visit your property or look at your automobile.- Take into account that hail damage to your car is typically covered by the comprehensive/collision portion of car insurance, and hail damage to your home is covered by homeowners insurance.- Secure your property to protect against more damage, and keep receipts of materials used for repairs. Your insurance company will reimburse you for repair costs.- Consider t
Critics say ICBC’s payouts to repair luxury car show need for choice in insurance market

Critics say ICBC’s payouts to repair luxury car show need for choice in insurance market

Financial, Insurance
Critics say ICBC’s payouts to repair luxury car show need for choice in insurance market The Ferrari F40 after it was badly damaged in a crash with a utility pole in 2012.A dispute over repairs made to a luxury car is shining a light on ICBC’s ongoing financial woes.Court documents show the insurer has already spent $789,375 in damage claims for a Ferrari F40, which accidentally crashed into a utility pole in Vancouver in 2012.But the costs could now rise to $982,000 — far beyond the estimated cost of the car itself, which was appraised at $696,061 in 2014.The driver has now taken the dispute to court, alleging ICBC breached its duty to carry out the work quickly and in good faith, and wants those additional costs covered.ICBC has admitted coverage and agreed to co
5 Tips to Drive Away With a Better Deal

5 Tips to Drive Away With a Better Deal

Financial, Good Credit, Insurance
Buying a used car is the way to go if you want to save money. A new car can depreciate as much as 30% within the first three years of it's life. So potentially you could save this money on a used car even though the chances of bad mechanical wear and tear are likely to be slim. However the process of buying a used car presents it's own problems. One of these problems is dealing with a used car salesperson that knows every trick in the book to sell a car. Whilst most salespeople use these tricks  ethically it does no harm to learn your own tricks before negotiating with them so that you are on a level playing field so to speak.Here are 5 negotiating tips for used car buying that you can use to ensure you get a better deal. 1. Do your homework Settle on the make and model that you wa
Car Loans for People on Social Security

Car Loans for People on Social Security

Financial, Insurance
Since 1974, the Supplemental Security Income (SSI) program has helped several blind, aged and disabled Americans. Today, the SSI program is a source of income to approximately eight million people of America. Car lenders often have a problem in approving your loan request, if you receive income from SSI or any of the following sources:>> Social Security benefits>> Disability income>> Workers Compensation>> Unemployment benefits>> Pension>> Interest income>> Cash from friends and relativesLenders categorize income in two parts:Earned IncomeYou earn wages, net earnings, and other such incomes because of your job or business. Such income is considered earned income.Unearned IncomeS...
The Advantages and Disadvantages of Auto Leasing

The Advantages and Disadvantages of Auto Leasing

Blog, General, Good Credit, Insurance, Loans, Tips
Do you really want to own a car but you don't want to get an auto loan? Then maybe you should consider auto leasing. To explain it simply, its just like renting an apartment, you rent the car for a specific period of time and once done, you will have the option to upgrade it. But just like any other leasing methods, there are advantages and disadvantages that needs to be considered before you take the ultimate conclusion.The Advantages of Auto Leasing1. It costs less.Auto leasing saves you more money. In leasing a car, you sign a contract that states the period of time you will lease the car, and the amount of money you will be paying monthly. The amount you'll pay will be based on the estimated value of deprication of the car during your use of the said period. Along with that...
Potholes: How to Avoid Car Damage

Potholes: How to Avoid Car Damage

General, Insurance, Loans, Tips, Travel
There are different factors that can cause car damage, the changing weather, poor car conditioning, ineffficient driving, and on the road we have potholes. They are easy to avoid, but they're not easily spotted, especially if you're on an unfamiliar road. However, there are things you can actually do to minimize pothole encounters and avoid damage to your car.Determining Signs of Pothole DamageYou can actually know that car damage caused by potholes by being aware of physical exterior damages. Scraped wheels, bad suspension, punctured tires, bouncy ride, and poor steering are indications of pothole damage in your car. If you happen to notice this in your ride, a smart move is to have it checked immediately before serious car problems develop.How to Avoid Potholes:1. Eyes on...
Financial Guide for New Homeowners

Financial Guide for New Homeowners

Financial, Good Credit, Insurance
Moving into your space and establishing your initial home environment is an incredibly exciting time, but don’t let enthusiasm keep you from being realistic about all the costs that accompany a new home.The following is a list of things you’ll need to make sure your beginner household becomes established and secure. 1. Consider your recurring homeownership expenses. This includes your mortgage, real estate taxes, utilities, homeowners association fees and homeowners insurance.If this is your first foray into home ownership, most of these expenses are probably new to you. Hopefully, you’ve considered them all before making the new home purchase. 2. Think about how you will furnish your home. If these weren’t included with the purchase of your home and you don’t already own them,
Strategies to Avoid Car Repossession

Strategies to Avoid Car Repossession

Bad Credit Report, Bankruptcy, Featured, Insurance, No Credit
Is Car Repossession a Reality for you?Do your car loan payments keep you awake at night? Are you threatened by repossession of your car? If you are finding it difficult to manage your payments, you are not alone. There are thousands of Americans who are suffering from the same problem.Why should you avoid Car Repossession?You may think that there is no other option than to let the lender take away your car. But, it is important that you leave no stone upturned in avoiding car repossession because of the following reasons:>> You will not have a car to drive after car repossession>> It stays on your credit report for seven years>> People with car repossession do not get car loans easily>> You will have to pay the balance due on your loan af...
Car Insurance For Girls

Car Insurance For Girls

Insurance
Here's How Girls Can Enjoy Lower RatesCheap car insurance for girls is a great way for females to save money on their car insurance. No longer do you have to pay the same high price premiums that guys have to pay, simply because it has been proven that women are far less likely to have to file a high priced claim, than men are. That is not to say that all women are better drivers, there is always the exceptions. However, when it comes to getting into accidents and high claim accidents at that, women have less of a history than men do.You have many ways that you can drive down the cost of your insurance premiums, besides the fact that you are a female. Cheap car insurance for girls can save you as much as 30 percent off the regular cost of premiums. However, you can save even more...
The Importance of Insurance for Used Car Purchases

The Importance of Insurance for Used Car Purchases

Insurance
It may seem like a bit of a chore but doing a little research before you set out will always stand you in good stead. Decide which make you want, as well as your ideal model and colour. On top of that it can also be useful to find out which cars have the cheapest tax and insurance, armed with that it's much easier to calculate a budget for the total amount you can spend.Auto trader suggest that the cheapest cars to insure include the Ford Fiesta, Vauxhall Corsa, Renault Clio and Ford KA, though obviously exact amounts could differ depending on other factors. Since it's so quick to get car insurance quotes online it should be fairly easy to get an accurate idea of how much you could be looking at. Chosen your ideal model and looked into how much the car insurance should cost? The next...