Archive for January, 2012
You can use temporary car insurance to insure a car or a driver between 1 and 28 days. This policy will provide you with comprehensive cover for you and the vehicle. Some temporary policies for car insurance can be extended during any 12 month period, up to a maximum of 112 days.
Requirements
To obtain a temporary car insurance policy you must be over the age of 21. You must also be a motorist that has a valid license.
Coverage
Temporary insurance for your car provides cover from a loss due to damage that is caused by accident, theft, vandalism and fire. When damage occurs to a vehicle the policy coverage will pay for any repair, replacement of the car or a payment for actual cash value up to the loss amount. A payments from the policy is made directly to the owner of the vehicle.
Cost
The cost of temporary insurance for a car is typically less than having an additional driver added to your annual car insurance policy. You can compare the costs for temporary car insurance by obtaining multiple quotes. This allows you to pick and choose the best type of policy for the cost.
Availability
You can obtain temporary insurance for a car more quickly than an purchasing an annual car insurance policy. This is because less paperwork is involved to issue the policy. To obtain a quote for a policy all that you need is the registration number of the vehicle, payment for the policy and the ability to print a certificate of insurance.
No-Claims Discount
If you lend a vehicle to another person or are driving a car that is owned by a friend, you risk losing the no-claims discount on your annual insurance policy. This discount saves you money on your policy cost if you can maintain it. By obtaining a temporary insurance for a car you will not need to put this discount at risk. This is because this policy is separate from your annual car insurance policy.
Flexibility
Temporary insurance for a car can be purchased depending on how you plan to use a vehicle. This can be for an unplanned trip or a vacation. Coverage can be purchased that will meet your needs. A policy for this insurance is conveniently available by using the internet. This allows you to apply for a policy when at home or at the office.
The Consolidated Omnibus Budget Reconciliation Act of 1985, better known as COBRA, provides a stopgap measure to losing health insurance benefits. However, when COBRA ends and you aren’t employed yet, it may seem that you’re the only one without medical insurance.
Health insurance for unemployed does exist after COBRA benefits end. The options typically depend on you and / your family budget and health. For example, you have some money coming in from sources like unemployment compensation acquire short-term medical insurance. Generally, this type of insurance is cheap and provides similar benefits to regular insurance. The basic difference involves the length of time you’re covered. It may three, six, nine or even 12 months. Short-term medical insurance providers may allow you to renew short-term insurance once or twice, but not beyond that.
If you can afford catastrophic medical coverage with a high-deductible, then try to sign up with a provider. This type of insurance is affordable. However, in exchange for the low price you pay most of the bills until you meet the deductible which can range anywhere from $1,000 or higher.
Of course, unemployment can mean that you don’t have enough money to consider short-term or high-deductible insurance. Unfortunately, there’s another aspect that can prevent you from obtaining new insurance after employer sponsored insurance ends, pre-existing health problems.
Whether you have a pre-existing condition or can’t afford to buy medical insurance, you still have options. Apply for reduced-priced or free hospital care. Many hospitals have clinics who serve financially struggling citizens. At the clinics, you can receive general checks-ups, treatment for pre-existing conditions or other type of health care.
If you’re interested, start with the billing department of the particular hospital you’re interested in receiving care. The clinics usually have specific income guidelines so you may have to provide proof that you’re unemployed.
Regardless of your money situation, you’re not without medical insurance options. Different types of health insurance for unemployed people do exist. It may take a little investigation though.
Your vehicle will definitely need insurance, if you want to reduce any future risks arising out of an accident or theft. If you are worried about whether or not you will be able to keep up with the premiums on your auto insurance, well then, you need to follow some simple tips.
Tips to cut costs on your auto insurance
Take note of the following tips, to cut down your auto insurance premiums:
- Compare before you buy – Several auto insurance policies are available in the market. Select yours wisely. Go for that coverage, on which you’ll be able to pay the premiums comfortably.
- Raise your deductible – The auto insurance providers usually lower your rates, if you are willing to increase your deductible. The low premiums will save you money, which you can keep aside for the deductible to be paid when you make a claim.
- Ask for discounts – The insurance providers usually offer special discounts to certain policy holders, if they go together as a professional group. You can also get discounts if you maintain a low mileage annually or even if you are a senior citizen. Ask for the available discounts, compare the rates, and then select one which requires you to pay the least on auto insurance premiums.
- Make timely payments – The insurance providers may not always kindly consider your missed payments. As a result of the missed or late payments, the discounts allowed to you may get cancelled. So, it is better to plan from beforehand, and pay the auto insurance premiums on time.
- Don’t break up your premium payments – Make an estimate about the whole amount that you have to pay towards your auto insurance per year, before you decide on the payment procedure (monthly, quarterly, half-yearly or annually). Usually annual payment plans can save you some money, on your auto insurance, whereby you pay the premium amount in a lump sum.
- Install safety measures – The insurance providers usually feel that the cars with safety devices, pose less a threat. If you have anti-theft device or seatbelts installed in your car, the insurance company may lower your rates, which will thereby lower your premium amounts.
- Maintain a clean driving record – If you are a risky driver, your auto insurance premiums will be high. You’ll stand a high chance of inviting accidents, and thus the insurance providers won’t take any risk. A clean driving record will have a good impact on your auto insurance premiums.
- Repair credit records – A high credit score reveals your financial stability, and the past payment details show how you keep up with the payments on your other financial accounts. Your credit history is reviewed by the insurance providers before they give their approval.
- Use same insurer – Being loyal to your insurance provider might benefit you. If you go for multiple policies under the same insurance company, they might offer you discounts on your premium.
- Reduce coverage – The more coverage you include in your auto insurance policy, the higher will be your premium payments. So, try to cut away unnecessary coverage, to reduce your premium amounts.
The above mentioned tips might come to your use, if you are considering about lowering your auto insurance premiums. It would be useless to select an all-inclusive insurance coverage for your vehicle, and then struggle to keep up with the timely payments.
This is a guest post from Alfred Smith, a finance writer from New Jersey who contributes to finance community sites as a guest author and forum member.
