It is a widely known statistic that a lot of young people under the age of 25 are listed as secondary drivers on their parents’ car insurance policies. As the new statistics have come together, it has been noticed that this age bracket has risen, and now adults up to the age of 31 are being listed on their parents’ car insurance policies as secondary drivers.
Because these young adults are listed as a second driver on their parents’ insurance policies, they are saving a lot of money in the running cost of having a car. With the financial downturn in many countries in the world, young adults are finding any way possible to cut costs. They are now moving back in with their parents, and trying to merge their car insurance policies. Car insurance can be a very expensive monthly bill, especially for drivers under the age of 25, as they fall into a higher risk bracket. Because car insurance is legally obligated in a lot of countries, people cannot afford to be without it. Unfortunately, sometimes they are financially unable to have it on their own.
There is, however, a line that cannot be crossed with regards to this. There
Residential and commercial contractors all need construction contractor insurance. This is not a negotiable requirement. It will often spell the difference between getting and losing a contract.
Any party who contracts services to others needs contractor insurance. This is required when contracting services to the government on the federal, state or city level. It is also most often required by private entities from contractors.
In effect, contractor insurance protects all parties involved in a contract. Those who hired the contractor are assured that any damage or injury on persons or property caused by the contractors work will be paid for by the insurance. The contractor is assured that he will not have to pay for claims on such damage or injury from his own pocket. It also protects him in case he is wrongfully sued.
Contractor insurance generally covers the contractor, the party who contracts the services and any member of the public directly affected by the work of the contractor. It should offer full protection against accidental damage caused to equipment and property, as well as full liability protection to cover all medical, legal and compensation costs. If a contractor has more business than is covered by the policy, extra coverage can
In the current environment where insurance companies look for ways to deny claims rather than pay claims, beware that your recorded statement may be used against you. In fact, “inconsistencies” in recorded statements are routinely used to unfairly delay, deny, or lowball your insurance settlement.
There are two situations where you can expect to be confronted with a requirement for a recorded statement.
In a third party claim, where you are seeking damages for injuries or damages you sustained as a result of another party’s negligence, that company now becomes responsible for your loss as a third party carrier. You are not required to cooperate with this insurance company because you have no contractual obligation to them. This, however, will not necessarily stop that insurance company from attempting to coerce you to submit to a
The focus here is the first party insurance claim where you are seeking coverage from your own insurance company. In this situation, your insurance policy requires you to cooperate. If you fail to cooperate, you are at risk of an eventual claim denial. Therefore, you must provide the statement. Don’t think that by demanding a delay (unless you are
legitimately obtaining a lawyer), or by demanding an
There can be multiple reasons that contribute to a new insurance agents failure. Here are the most common reasons have found that lead to failure.
Most Insurance Agents have a Limited product portfolio and are unable to cross sell other insurance products.
Agents don’t have a proven sales track or sales system to follow which most new insurance agents need to get results quickly.
They don’t create consistent cash flow from insurance sales quick enough and must leave the insurance business to go back to an hourly paying job just to survive.
New Insurance Agents start out in the insurance business with little or no reserves to fall back on. Most businesses require some upfront capital or reserves to get started.
A lot of agents do not get enough training (Product or Sales) to give them a fair chance of making it in the insurance business.
Insurance Agents are not taught effective prospecting and marketing techniques that generate a consistent flow of sales prospects.
Some people simply don’t have the drive, work habits, persistence, self motivation or ability to handle rejection that it’s takes to survive in an insurance sales career.From my experience of hiring and training insurance agents over the
If you are seventeen you are probably getting ready to get your provisional license and then using it to take driving lessons and learn how to drive. There is nothing as exciting to a young person as knowing they will be able to drive on their own soon. For now you will need someone to give you lessons. You cannot drive in a car on your own while you have your provisional license. You are going to need to get provisional insurance so you are covered in case you cause an accident. This happens frequently to new drivers. They are bound to make mistakes while learning how to drive and unfortunately mistakes can sometimes lead to accidents.
The price of provisional insurance is going to be high. A lot of this has to do with statistics. These show that learner drivers are involved in more accidents than more experienced people. They make mistakes that lead to accidents where people are sometimes injured. You will need to do a few things to help reduce the cost of insurance. One thing is to purchase the right vehicle. Another thing you can do is to take lessons from an expert at a driving school.
The choice of a car insurance provider is not one to be taken light, especially by anyone who understands the true importance of car insurance; that is, anyone who sees car insurance as something useful, beyond a statutory requirement by the government. And while any keen seeker of car insurance looks for a different set of factors in their ideal car insurance provider, a number of common factors remain constant in almost all cases, these being what can be seen as essential qualities of a good car insurance provider.
The first of these essential qualities of a good car insurance provider is financial stability. No one, after all, wants to invest in a car insurance policy, only to be told that their car insurance provider has gone under. Luckily, the financial stability of a potential car insurance provider is something you can quite easily establish, because car insurance providers as indeed all entities dealing with public money are required to publish their financial accounts regularly.
The second essential feature of a good car insurance provider is a good record of prompt payment of claims. A given car insurance provider may be financially strong, but how promptly do they pay claims due to
On the 16th June South Africans from all walks of life celebrate a national holiday officially known as Youth Day. Youth Day commemorates the Soweto riots that started on that day in 1976 as students protested against the introduction of Afrikaans as the medium of instruction in their schools. It also recognises the important part our youth played in the liberation of South Africa from the apartheid regime. As South African youths today we still have an important role to play in driving positive change in our families, our communities and our country. We also have certain responsibilities to our families, most importantly ensuring that we have financial protection in the shape of life insurance.
As a student, a life insurance payout means that your family is not burdened with paying back your student loan or with the costs of your funeral. Furthermore a terminal illness benefit means that if you are diagnosed with a terminal illness and have less than 12 months to live, your life cover amount will be paid out to you, an amount that will go a long way towards helping your family care for you and cover your medical bills.
If you have recently tied the knot,