Insurance Rates On Commercial Vehicles
Posted on 19. Jan, 2009 by admin.
If you drive a company car, and wonder where the insurance bill is disappearing to each and every billing period, then I have the answer to your query. Simply put, commercial cars qualify for commercial insurance rates, and for this reason, it is the company who will receive the bill, on your behalf. Not only is this convenient, it also cuts the cost of you insurance expenses each year. By avoiding car insurance altogether, you have more money to do other things, or possibly even upgrade your other insurance policies.
So, what is different about commercial insurance, other than the person who receives the bill? Well, there are actually a few changes. Firstly, commercial insurance generally allows anyone to drive a particular vehicle. By that, I mean that anyone who gets behind the wheel of the company car is automatically covered by the same insurance policy. This is in stark contrast to publicly available personal insurance, where only the one or two drivers are covered per vehicle. Additionally, another difference is that excesses on claims will generally be lower with commercial insurance than they would be with personal insurance. Have a think about whether commercial insurance would be right for you, today.
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Reducing Your Insurance Rates
Posted on 02. Jan, 2009 by admin.
Answer me this: have you ever walked in to a retail store before, seen an item on display that you really liked, and attempted to barter or negotiate with the sales person to get a better deal on the product? Most likely, everyone has tried this at some point in their life. Even if it was in another country, you get the idea of what I’m talking about. For some strange reason though - it seems that people feel they can only do this type of thing in actual retail stores, and not in other areas of life. How about the insurance industry then? Is there any possible way you could negotiate the cost of your premiums down just a fraction?
The answer is: yes! Despite what the mainstream opinion on insurance policies and companies seems to be, there is very much the opportunity to negotiate and discuss the pricing of your plan with the potential provider. Of course, if you’re being unrealistic, the company won’t be too impressed. But if you are thinking of reducing the premiums by just 4 or 5%, you could very well be in for a pleasant surprise. Don’t be afraid to give it a try - you have absolutely nothing to lose.
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Are Insurance Policies Worth It
Posted on 14. Dec, 2008 by admin.
It’s a bit of a dilemma isn’t it. On one hand, you have the expensive insurance premiums that you would be hit with if you decided to take out insurance coverage on your assets. Unfortunately, the higher the value of your assets, the more you will be expected to pay in premiums. This is simply part of the deal with insurance - and it is completely impossible to avoid paying more, the higher up the asset scale you go. Alternatively, you could decide to opt away from insurance cover, and instead - bear the risk that in involved in not having such protection. So which is best?
Well, from my point of view as a financial consultant, you should never, ever go without insurance. Here is the thing. You never know what might happen to your stuff. Someone could come along, without you knowing, and scratch the paintwork of your car. If they fail to leave a message claiming responsibility for their mistake, the burden gets placed on you. If you have insurance cover - the burden then gets transferred to the company. If you don’t have insurance protection - you are required to pay for something which was completely out of your control. See where I’m coming from? Don’t ever be caught without insurance cover!
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What Effect Do Insurance Rates Have On Your Finances
Posted on 28. Nov, 2008 by admin.
Whenever I interview someone with regards to their insurance policy and the efficiency with which their money is being spent on insurance coverage, I like to put the ball in their court first. This usually involves me asking them a series of questions regarding their current insurance policies, the premiums they are currently paying, and the quality of service they are currently getting. One question that is of most interest to me though is that of: what effect do insurance rates have on you personally?
When someone hears this question, they usually stop thinking, look at me with a bit of a frown on their face, and then take a moment or two to work the answer out in their head. Most replies come in the form of - “quite a bit”. And this is generally true. When we sit down to do our yearly or monthly budgets, it’s hardly surprising that insurance premiums nearly top the list of high priority expenses. So, what was the point in telling you all that? Simply - don’t get freaked out when it comes time to sort out and budget for your insurance premiums. They are naturally high, and everyone experiences that feeling.