Finance Tips

Unexpected medical problems can affect your finances. These could be pregnancy, depression, injuries or recuperation from surgery. If you have any of these, you will have a hard time working for a period of time. There are times you wouldn’t even be able to work at all.

If the latter happens, how would you pay your bills? If you have a family, how would you support them?

This is the very reason why more and more people are opting for individual disability insurance. They are preparing themselves for that situation. If that does happen, then they are prepared.

Individual disability insurance replaces a percentage of your salary if you become an invalid or disabled. Either way, you cannot work. If you don’t have this, you may spend your savings. You might even dig into your retirement fund or what you’ve allotted for your children’s college. Continue reading ‘Get Cheap Individual Disability Insurance Quotes’ »

When you think of agriculture insurance covering equipment breakdown or failure, you think immediately of tractors, combines, and plowing equipment. But do you think about computers?

Today, it’s not your father’s farming. While many farm business owners may not even realize it, they’ve gone high-tech. Most farms nowadays operate on computerized equipment, replacing traditional farm equipment and processes or enhancing business practices and farm management. If you have updated your farm equipment recently, are you sure your agriculture insurance package covers the new equipment?

Equipment such as soil and weather sensors, crop sensors that monitor growth, or any computerized equipment is not covered under your standard agriculture business insurance policy. In fact, a motorized failure of any new equipment could be a devastating loss to your agriculture business. Worse, many older insurance policies were not written to anticipate the next-generation agriculture tools that today’s agribusiness and farm owners are using. Many policy limits are inadequate to cover motor failure or other stoppage in business due to mechanical failure. Continue reading ‘Are you sure your Ag technology is covered?’ »

Life Insurance that can be purchased without a medical exam offers many benefits to a healthy individual that needs coverage quickly, and without the time and effort normally associated with fully underwritten policies. These insurance carriers are looking for people who want the ease and anonymity of applying online or through the mail. They also can offer immediate coverage.

Although most policies underwritten in this way are for relatively low amounts, at least one carrier will consider up to $500,000 within certain age limits.

In addition, some carriers will accept credit cards, something most “regular” carriers do not accept for payment. Again, it is ease of purchase that makes this a tempting offer.

However, many of these benefits come with a cost. First and foremost, they are generally more expensive than fully underwritten coverage. While not always the case, especially at younger ages and among some smokers, people at older ages should compare both types of coverage and decide what is most appropriate in their circumstances. Continue reading ‘No Medical Exam Life Insurance’ »

The US car insurance cover is only valid in the US and Canada. As such, a person seeking to drive his car or a hired vehicle while traveling in other countries must obtain relevant insurance cover in their destination country. Obtaining the best insurance while traveling in a foreign country depends on the extent of one’s research on the insurance industry and the driving conditions in the country. It is also advisable that one looks at the driving rules and road conditions before deciding which auto insurance to take. Although online sources are quite resourceful, one can also contact the embassy for tentative details about the road conditions, security and advice on reliable insurance policies. In addition, a person can also source relevant details from friends or family members who have traveled to his/her destination country before.

When planning to use a rental car, one should make the bookings and reservations early enough. However, this should be done after questions about the auto insurance cover and the driving conditions in the country have been satisfactorily answered. A foreign traveler should however apply some basic precautions such as driving during the day where security is not assured, locking the doors when in the car and when leaving the car in a foreign parking, and avoiding stopping for hitch-hikers. It is common sense to avoid driving under the influence despite the different laws applicable in different countries, as is wearing a seat belt. Acquiring a good map and a trusted friend to help one read the map during the foreign travel could also help in navigating foreign roads. Continue reading ‘Foreign Car Insurance Requirements’ »

As a resident of South Africa you are not required to carry insurance on your vehicle, but should you have an accident where damage is done to your vehicle, another person’s vehicle, property or if there is medical injury, you will be personally liable for the costs. Many people say that Car Insurance is a necessity that you cannot afford to be without so it is important that you take the time to choose a car insurance policy that is going to provide you with the best coverage possible at the lowest premium.

There are a number of factors you will need to take into account when choosing a good car insurance policy. The first factor you should look at is your excess. The excess is how much money you will have to pay out of pocket to repair damages from an accident before the car insurance company pays the rest. If you opt for a higher excess, you will have lower insurance premiums to pay. But this means that you will have a higher out of pocket expense to deal with. Choose the excess that is right for you. Regardless of whether or not the accident is minor or major you still have to pay the same amount.

The next factor to consider is how you want to pay your premium. You can make monthly installment payments on your car insurance which will easily fit into your budget or a single yearly payment. Keep in mind that monthly insurance premiums come with additional administrative costs tacked onto them. You could save yourself money by paying your car insurance premium semi-annually or annually. Each car insurance provider is different when it comes to payment options so ask them about how you can pay your insurance.

Consider as a third factor your ability to get multi-line insurance. Many South African insurance companies offer their customers a discount if they have multiple insurance policies with them. If you like the service your homeowner’s insurance company offers you, ask them if they offer a multi-line policy that could include your car insurance. You will get the same great service that you are already enjoying and possibly a discount on both premiums. Continue reading ‘How To Choose A Good Car Insurance Policy in South Africa?’ »

It has not been long when you would have prayed to the god to help your car or vehicle from breaking down in the mid of any journey. There were two reasons, first being the inconvenience that would have been caused as you would have been left stranded and the second being the lack of any breakdown insurance. In fact, such insurances which were being provided were done through various motoring clubs. However, with the changing times there have been plenty of breakdown insurance covers by several reputed firms like AA, Auonational Rescue, Britannia Rescue, Mondial Assistance, RAC, Call assist and many more. The huge numbers of the insurance providers can be deduced from the fact that now days users are comparing the breakdown insurance covers so as to get a reasonable deal.

There are plenty of websites which have thronged the Internet space and which promise to avail you the best suitable deal by comparing the breakdown covers on your behalf. But before you use these sites you must be aware about the technical terms that are being used in the arena of breakdown insurance. The first thing that you may encounter would pertain to the vehicle or the personal cover. While a vehicle cover gives fiscal compensation for any breakdown that the vehicle suffers for an insured driver whereas the personal cover pays for the medical attention that you would need in case of any minor or major accidents. Continue reading ‘Things to Know before going for Breakdown Insurance Quotes’ »