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Insurance

Bike Insurance is a Must for All the Bike Owners

Amongst various methods of protecting bicycle, one is bike insurance. The insurance cover for the bike is an important step towards the security of one`s beloved vehicle. One of the main reasons of road bike insurance is that one cannot find an alternate means of transportation which is so economical in case ones bicycle gets damaged.  A  bike is one of the ultimate means of transportation as it does not demands any sort of extra expenses to be incurred over it. Resultantly more and more people are embracing bicycles for moving from one place to another.

Road bike insurance is the only way to provide one with the certainty of its protection. Some of the State laws have also turned it mandatory to get the private vehicles insured. The law specifies the cancellation of license if one fails to get the bike insured.  Bike insurances are of various types. They differ from country to country.  Bike insurance is also subject to various factors. Before opting for any insurance cover, one must comprehend that how the insurance premium is calculated and how to attain an eminent bicycle insurance cover which is within budget.

The policies of the companies mainly vary as per the protection they need to bestow upon the vehicle. One of the most common types of restriction is that the vehicle will be given a smaller amount of claim in case it happens to get damaged at some other place. Thus if one wants to get ones bike fully secured then one must opt for an appropriate insurance cover before visiting any place. The amount to be paid for such insurance cover solely depends on time type of services opted

 The premium also depends upon the accessories of the bike and its age. For instance, a ten year old bike will be insured by considering the depreciated value of the bike in ten years. Thus it is clear, that the premium which needs to be paid by the insurer basically depends upon the amount of risk involved.  A higher amount of premium is required to be paid for the bike which is exposed to higher risk. Before getting ones bike insured one should take the photo of the bike with all the accessories present over it. A two-wheeler can cost one with thousand dollars since the high-tech models available in the market are very high in prices. One should opt for the best policy to protect the vehicle even if it is little expensive.

The companies avail various reasonably priced insurance covers for the bike.  A Quality insurance cover can be obtained without compromising with the quality. For example one can choose for the medical cover along with the damage compensation. Such policy shall serve one in a dual manner. Firstly any damage done to the bike shall be compensated by the company and secondly, all the medical expenses shall be borne by the company if the customer meets with an accident while riding the insured bike. 

Insurance

Top tips on buying Income Protection Insurance

Income protection is an insurance policy that will protect you against accident, sickness or unemployment that prevents you from working. 

Compare to other insurance policies, income protection can affordable and you can protect yourself for as little as £10 a month. 

Income protection can pay you a tax-free monthly benefit should you be unable to work due to illness or injury or if you have been redundant involuntarily. 

Income Protection Insurance Top Tips 

When you are considering income protection insurance there are a few things to look out to ensure you get the best deal that is right for you. 

Recent figures have shown that most leading income protection insurers have a higher than 90% successful claim rate. 

1)      Long or short term 

There are two main types of income protection and you can choose either a long or short term policy. A long term policy can cover you up until you are fit or healthy enough or work, retirement age of death. 

Short term policies will cover you up to a period of 12 months from the time you are unable to work. You should think about how long you would want to be covered for. Short term policies are more affordable but long term policies offer more benefits in the event of a claim. 

2)      Choose your waiting period 

There is period of time after you cannot work until you are paid your monthly benefit known as the ‘deferred period’. By choosing your preferred waiting period you can reduce your monthly premiums. 

For example, if you know you will able to support yourself financially for three months without working you may consider a deferred period of three months. You can choose a deferred period up to a year if you wish. 

3)      Decide how much benefit you want 

Insurers will let you decide how much of monthly benefit you want to be paid in the event of a successful claim. 

You can choose to cover as much as 70% of your gross income in your protection policy but if you feel you could pay your mortgage, utility bills and maintain your lifestyle for less then choose a lower percentage. By choosing a lower amount to be covered you can reduce your monthly premiums. 

4)      Compare quotes online now 

Looking for the right policy can be time-consuming and there are many different income protection insurance providers on the market.  You may find it easier to compare income protection quotes online now from the leading insurance providers at ActiveQuote.com. 

ActiveQuote.com is the UK’s leading comparison site for income protection, health insurance and life insurance. To compare quotes visit www.activequote.com or call us on 0800 862 0373.

Insurance

An Introduction to General Liability Insurance

In business, it’s a good idea to have a good general policy in place to protect your livelihood from undue risks during the conduct of your business. Even if you are careful with all your tasks, responsibilities and obligations whether from the perspective of service delivery or when selling a product, you can never be too sure that you’ve covered all the bases to prevent your company from incurring any liability. Protecting your business from these unforeseen liabilities requires a general liability insurance (GLI) policy so you are protected from claims like bodily injury, personal injury, or property damage related to the conduct of your business operations. 

One of the main advantages of general liability insurance is that it serves as a “catch-all” policy for most forms of business. This means that it covers and protects your business and ensures the security of your company’s assets in the unlikely event of a major emergency or catastrophe. Admittedly, it has its fair share of drawbacks like the fact that the premiums are not cheap but given all that it offers, any risk-averse business would certainly find comfort when under protection by general liability insurance. 

Prior to selecting the policy that’s best for your business, you should think about the nature or type of your business as it relates to perceived risks. A common example used to explain this is to compare and contrast a contracting business and a web design business. It’s obvious that if you are a building contractor, your insurance coverage is more comprehensive than if you were a web design company. Businesses that carry higher risks are best suited for general liability insurance while lower risk businesses are more suited to Business Owner’s Policy (BOP) that combines general liability and property insurance at affordable rates. Suffice it to say, risk assessment is at the core of making sound decisions towards which policy works best for the type of business that you have. 

If you want to know more about general liability insurance, you should start by talking to insurance agents from the popular insurance firms in your area. In the US, Progressive and Geico are big companies that offer general liability insurance for small businesses. You need to compare quotes, assess coverage versus premium fees, and other details. If you are truly at a loss, you can enlist the services of a local attorney to do the review for you in order to find the plan that suits your needs best. 

Remember; your business will never be truly immune from liability regardless of how careful you are. Rely on general liability insurance to protect your company so you can continue doing your business without fear of being sued by partners and customers alike.

Insurance

The Need for Getting Pet Insurance

Most of us take our property insurance obligations very seriously because the last thing we need in life is to be able to lose something big and not be able to replace it. Every year, we spend billions of dollars worldwide insuring anything from our cars, houses, and our medical expenses. Heck, even Heidi Klum insured her legs just to be sure. 

This raises an interesting question that has to be answered in the context of personal savings. Simply put, have we considered something like pet insurance to ensure that we all have our expenses covered? Think about it; we treat our pets like family and go out of our way to spend for their needs, not the least of which is medical expenditures. When ours pets get sick, it does not take an hour before we find ourselves running to the veterinarian and spending hundreds of dollars for doctor fees and medication among other things. All that spending can easily total to thousands of dollars over the course of a year and in these tough economic times, that’s a little bit more spending than we would prefer coming out from our wallets. 

Pet insurance provides a practical solution to these problems. Working much like our own medical policies, pet insurance are bought to cover vet treatment fees, or even medication depending on the exact policy bought. It is a handy and workable solution that allows pet owners to rest easy knowing that their beloved are well-taken cared of and that their wellness is not compromised simply because we are working on a squeezed budget. 

Most of the pet insurance policies today actually sell for very affordable rates, as low as ₤4.50 gross for a month for a pet cat. Dog pet insurance can be bought for ₤5.60 for basic medical care. There are also other variations that would allow one to insure pets that may go missing or coverage for bereavement counseling services in the untimely event that a beloved pet passes away. 

The important consideration is to remember that pets are equally important to us so much so that saving money is a reason we would never use to compromise our pet’s health and wellness. However, if it can be done in a practical way such as through legitimate and proven pet insurance policies, then there is no reason to shy away from the most practical and ideal solution out there. 

The next time you find yourself in the vet having to pay a good amount for your cat’s latest illness, think of how pet insurance can help ease your spending without having to lower your standards for health care towards your pets. With pet insurance, you need not worry, and yet still be able to save. In a world were good breaks are hard to come by, that’s as good an offer as any you will ever find. 

Insurance

Gadget Insurances is a Must Look for Gadget Geek

The advent of technology has led to the development of numerous gadgets. These gadgets can be found all around you. There are gadgets that can do all sorts of work. Thus, the workload that the average human being undertakes in the modern world has been greatly reduced, thanks to gadgets.

Now, the thing about gadgets is that their prices are relative to the level of complex tasks they are meant to undertake. While so of them come at rock bottom prices, others can tear down your bank in no time at all. Gadget insurance is required, particularly if one is planning to buy such expensive gadgets.

As gadgets turn old, people tend to mishandle them more and more. This inadvertently leads to damages or loss of the handset itself! Since, no one like to lose such expensive properties, there must be some way to protect one from such mishaps. Gadget insurance is the only way one can ensure that their investment does not bite the dust anytime soon. So what exactly is such insurance, why do we need it, what does it cover, and the availability of gadget insurance UK? Let us find out!

Well, the coverage of any gadget insurance doesn’t follow any rule book. They vary according to the different insurance providers. Commonly such insurances allows one to cover up to five items which generally are cellular phones, portable music / consoles (such as Wii or PSP), music or video players, PDAs, GPS, cameras, handy cameras, laptops and even PCs!

Since most of the devices are portable there is a higher risk of one losing them. Being expensive, these losses and theft can hurt the owner of the gadgets in a big way. Gadget insurance UK policies come in handy during such tragic times by covering up the loss to a great extent! By covering we mean, replacement of the original device at no extra cost in some cases.

One should consider investing in gadget insurance UK if one owns a multitude of gadgets, and prefer travelling along with them. Insurances such as these are highly popular are simple to buy. One can even apply for one, online right from the comfort of their couch! The process is further simplified because there are many companies that offer gadget insurances at the low investment rates!

The insurance policy, as has been already mentioned earlier, varies from provider to provider. While all of them offer cover on damage and theft of a device, there are other providers that provide loss coverage to only devices such as cell phones and PDAs, hence checking with your gadget insurance UK provider is a wise act, before making the commitment.

If you are the type who tends to misplace things in your household, you are most likely to face similar situations with your gadgets at some point of time in your life (if not experienced already!), you wish there were ways to cover the extra expenditure due to loss of mishandling, and then gadget insurance is just for you. Survey the policies of the gadget insurance UK offered by different provider carefully and chose the one that suits your bill perfectly!

Author Bio:

My name is Sachin. I am a passionate writer on insurance, general gadgets and tech and all things digital. I have written this post to give you a clear idea on the above topic. I also work as a freelance copywriter and have written for many respectable brands such as uk.Protectyourbubble.com insurance.