Do You Really Need Insurance?

Do You Really Need Insurance?

I have a grandmother who is 86 years old, often she talks about how different things were when she was younger. Everything seemed so much more secure back then, nobody gave much thought to locking the front door and Insurance was unheard of! Let's get back to the future, these days insurance has become a necessary evil. Our lives have become much faster paced, the cost of living has increased as well as unemployment and crime.
Insurance has become a security net for millions of people. Having insurance we feel secure knowing that if anything should happen to us or to our possessions we will have the necessary money to help with the financial burden as the result or theft or damage. In this article we will explore what insurance is and how it can benefit us.
What is insurance?
An online encyclopedia describes insurance as a type of risk management used to hedge against the risk of uncertain loss. Simply put, insurance is the transfer of the risk of loss from you to an insurer at a fee called a premium. This premium is calculated by the insurance company based on certain risk factors. For example with life insurance your premiums will be higher if you are a smoker because you are a greater risk.
There are many different types are insurance from; household to car insurance, travel to liability insurance and some really strange ones such as body-part insurance ( created by Hollywood stars who want to ensure that if something should happen to their famous legs or smile and lost work they will be paid out).
What can insurance offer you?
If you have a house, car or any other valuable possessions, insurance allows you the security of knowing that your most valuable items will be replaced if anything should ever happen to them. What about your most cherished assets, your life and the lives of your loved ones? Although no value can be attached to a loved one, life insurance can give you the peace of mind knowing that when you are gone their well-being is being taken care of.
Your car is one of your most valuable assets with the highest risk factor unless you hardly drive it. If you should be in accident even small damages cost a lot of money to repair. Car insurance allows you to be able to pay for those damages as well as any other damages to another person's property. Car insurance is a must for anyone who drive frequently.
Household insurance as previously mentioned ensures that in the event of a burglary or any damage to your house cause by fire for example, you will be covered. You may have to pay an extra amount on the happening of such an event called an excess, the amount will differ depending on the type of policy.
The other types of valuable insurances are life insurance and health insurance. These cover your most valuable assets of all. Your life and the lives of your loved ones. Life insurance will provide your beneficiary with a lump sum that you have earlier paid for, or you can cash in the policy when you so please. Health insurance ensures that in the event of illness or hospitalization you have enough money to pay for expensive medical costs if you ever need medical assistance.
Some possessions are irreplaceable for the sentimental value they hold for us, and the loss of a loved one can never be calculated but insurance policies help us with the financial burden once the loss has occurred.
Posted by Bina at 12:58 PM 0 comments

 

If You Are a Valeter? Then Motor Trade Insurance Is a Must

Whether you are a valeter or you buy and sell cars, you should make sure that you are fully covered for any of the work that you do. This means that you need to have the correct type of motor trade insurance policy. Failing to take out the right cover could lead to you paying a hefty price at a later date.

Picture the scene, a customer drops off their Ferrari 360 with you to be valeted. The car is their pride and joy and they specifically say to you to be careful with it. Now no matter how meticulous you are with your planning and how carefully you go about your work, accidents can always happen. You may inadvertently spill some of your cleaning products onto the cars interior or drop something on the bonnet which leaves a scratch. If anything like this happens then it may not necessarily be due to your negligence but it still means that you are responsible. If you are not properly covered then you are going to end up having to fork out to fix any damage once the customer has assessed it.

If the same situation occurred and you did have a proper traders policy then there would be a massive weight lifted from your shoulders. Sure, the customer is still going to be extremely unhappy that any damage occurred in the first place but at least it can be resolved quickly without you being the one to foot the bill.

You need to make sure that you have a sufficient motor trade insurance policy whether you are going to be working with Ferrari's or Fiat's. Always check with a broker if you are unsure about the level of cover that you need.

Find a Legitimate Car Insurance Instant Online Quote

Car insurance quotes websites work directly with individual insurance companies to get you the most affordable car insurance instant online quote on the market. They have a network of thousands of insurance agents across the state. When you use a comparison website, you get a higher number of quotes within a short period of time. Compared to using individual insurance company websites, comparison websites enable you to save time and money. When you send a car insurance instant online quote request through a comparison site, insurance companies know your aim is to make a comparison. Each insurer will therefore lower their rates to give you the best quote, in the hope that you will choose them. Because of the increased competition among insurance service providers, the rates inevitably come down. What's more, comparison sites only work with legitimate agents to get you trusted quotes.

Unfortunately, there are some comparison websites that do not live to their promise. With the necessary precaution, you can avoid falling into their traps. Always use genuine, legitimate comparison websites for you to enjoy the benefits of quotes comparison shopping. A legitimate comparison website will have thousands of insurance agents in its database. They will have dealings with top insurance companies only. They will also provide you with additional information you might need on insurance and professional support through an insurance expert should you need one. In short, they make the whole process of obtaining and comparing quotes easy and smooth sailing.

If you do not know where to start, ask your friends and colleagues what sites they have been using and how reliable they found them to be. You will be able to get not only the lowest car insurance instant online quote on offer, but get it in just minutes!