Auto Insurance Quotes: How to Get the Best Quotes, Tips & Tricks ETC
Insurance is not something a homeowner,Car owner can do without. Disaster can strike at any time, and even if you do not live in a designated earthquake zone,or get into accidents all the time there are many reasons why this sort of insurance is a necessity. Burst geysers are a leading cause of damage in the home and every home has one,dented bumpers are the leading accident in some countries,everyone has lost a cellphone at one time sometimes even two, and this in itself are compelling reasons why you should have insurance.
Sometimes called "home insurance", or "homeowner's insurance", household insurance typically insures the brick and mortar structures on your property. Apart from your home and outbuildings, household insurance can also extend to walls and fencing, swimming pools, tennis courts, and anything else that is permanently fitted. It is even possible to insure gate motors, boreholes and swimming pool pumps on some home insurance policies. If you have a domestic worker, then you may be able to include them in your household insurance policy so as to provide cover for injuries incurred while they are working on your property. Some home insurance policies allow you to claim for any rent that you might have had to pay because you had to move out of your home while it was being repaired after damage. You need to decide whether you want to include this in your cover or not as it can have a bearing on the cost of your monthly premium. Cover can also be extended to your holiday home on certain household insurance policies. As far as type of hazard goes, household insurance policies can insure the homeowner against fires, flooding, land subsidence and slippage, and even power surges. Cover may not extend to damage caused by illegal occupation or vandalism of an unoccupied property in some insurance policies though.
Due to the large number of vehicles plying on the roads, traffic accidents have become a common phenomenon these days. According to statistics a traffic accident occurs every 3 seconds in the United States. Other than following traffic rules, one can do not much about the traffic accidents. However one can reduce the financial risk associated with a traffic accident by obtaining a vehicle insurance.
Vehicle insurance provides insurance cover for costs incurred by the insured due to accidents. It is mandatory by law for all vehicle owners to have a vehicle insurance. Driving a car without insurance is a punishable offence. The individual is liable to be fined and/or license and registration revoked and/or sentenced to jail. Hence it is very important to get a vehicle insurance both for financial and physical security. There are differences in vehicle insurance and the corresponding terms are explained below.
Premium is the amount you pay to the insurance company for providing the insurance cover. The premium depends upon factors like, model and age of vehicle, your age, gender, usage, policy etc. The vehicle insurance company bears the cost due to the accident like vehicle damage, property damage etc.
Coverage is provided to three parties under vehicle insurance namely the insurer, the vehicle and third party. Third party means a party involved in the accident, for instance if you have an accident with another vehicle, that vehicle and its driver are the third party. There are different types of policies depending upon the type of coverage and are explained in the subsequent paragraphs.
