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Growing up, we dream of the first car. It’s the first step towards real independence. No more relying on parents or waiting for unreliable friends. With a car parked nearby, you can go when and where you want. In the dim recesses of your mind, the word “insurance” probably makes a token appearance, but that’s a mere technicality – a detail that can be worked out later. For those of a more entrepreneurial inclination, there’s the dream of a small business. You think of starting up in your parent’s garage and, if you need transport for yourself or goods, well you already have a car. Not everyone pauses at this point to read the insurance policy. In all but the most expensive all-risks policy, the one thing likely to be excluded is the use of the vehicle in your own business. That needs separate commercial insurance. Once you get over that piece of bad news, the second piece coming close behind is that commercial insurance rates are higher than domestic rates.

Why are commercial rates so high? It’s a combination of factors but the most important are that the scope of the coverage is wider and the amount available to meet claims is significantly greater. For these purposes, it does not matter whether you rent or buy a vehicle for use in the business, the moment you or an employee put wheels on the road, the scale of potential liability is automatically higher because you are not just looking at third party liabilities, but also at the loss of the vehicle within the business and possible injury to an employee. So, the sooner you make a complete disclosure to the insurance companies the better. They have policies based on the number of employees you have and the type of business you are in. This is no longer one careful driver. This is employees driving at all hours of the day and night in both seasonal and unseasonal weather. This can make major differences in the premium rates. Sales and marketing personnel may drive thousands of miles in search of business, or delivery trucks may be inching through city traffic with less than careful people loading and unloading big items, or the only use may be driving to and from work at off-peak hours. Then you may have installed every safety feature available from antilock brakes to GPS transponders to recover the vehicle if stolen. You may even have sent your drivers on courses to upgrade their skills. Read the rest of this entry »

Health insurance doesn’t have to be about a full, comprehensive policy. Sometimes, a policy that covers the possibility of an accident or major surgery is all that we really need. With catastrophic insurance coverage you can get this important coverage without the high premiums sometimes Read the rest of this entry »

Choosing an auto insurance policy is often considered to be all about the price of the policy. Sure you want the best coverage you can, and you want to be sure that you will get reimbursed for the types of accidents that are likely to happen to you, and absolutely you want to have the cheapest policy you can get, but what about choosing an auto insurance company that can actually afford to pay your claims? Read the rest of this entry »

Back in the day, taking your time to compare the offers from different insurance companies in order to get an adequate and cheap coverage for your car was quite hard and exhaustive. There was no Internet, no online quote sites and in order to get all the information you need, you had to go to agents and contact the insurance companies one by one. You had to call the representatives or go to the office in order to get a single quote for your car, and shopping around meant that you had to repeat this over and over until you get enough quotes in order to compare them. And if you needed to renew or modify your policy by adding some clauses you had to go to the office again and again. It’s evident that it all required a lot of time, patience and money, of course.

These days it’s much easier thanks to the Internet. There’s no need to call the agents or go to insurance company offices. All the information you need can be accessed from your home or job and it takes only a few minutes to get numerous quotes from companies working in your area. You can even modify and renew your policy online these days as more and more serious insurance companies are entering the web and providing the full range of their services online. Read the rest of this entry »