Author: reltix

Motor Insurance Protection: All You Need to Know

The number of cars plying the Indian roads is increasing day by day. With that, the motor insurance market is also witnessing immense growth in India. Regulations dictate that car insurance is mandatory in our country.

Your motor insurance policy is based on the IDV- Insured Declared Value, the amount is equal to the market value of your vehicle. Initially, when you buy new motor insurance, the IDV is calculated on the showroom price of your vehicle. However, IDV is never constant. During the time of vehicle insurance renewal, the IDV decreases because of the rate of depreciation. Also, make sure to complete motor insurance renewal before the stipulated amount of time, known as the grace period, to avoid paying penalties.

Motor Insurance Policies

Motor insurance policies are available in the form of third-party liability insurance and comprehensive insurance. Both have their own set of pros and cons. A brief study of these two types will help you choose the ideal one.

Third-party liability insurance

This insurance policy covers accidental damages inflicted to a third-party during an accident. Third party insurance has limited coverage because it does not provide any protection against personal injuries or the damages sustained to one’s own vehicle. Third-party liability insurance is mandatory in India for all the vehicles irrespective of their type or model. One of the advantages of the third-party insurance policy is that it is an affordable option.

Comprehensive insurance

As the name implies, the comprehensive insurance policy provides complete protection against most kinds of threat. A comprehensive insurance policy provides coverage against both third-party liability and own vehicle damages. In addition, it provides protection against theft, damages due to natural calamities, damages incurred due to man-made disasters, personal injuries, etc. Comprehensive motor insurance coverage can be the best choice for your vehicle if safety and security are your top priority.

Add-Ons

You can extend your motor insurance coverage by opting for add-ons. Add-ons increase the financial coverage but an additional premium amount will be added to the base premium amount. Some of the general add-ons available with car insurance are:

Zero depreciation cover: An insurance company deducts a certain amount as the depreciation from the sum insured. However, if you opt for zero depreciation cover, the insurance company will pay the original value during the replacement of damaged vehicle parts in case of a mishap.

Key replacement cover: If the key of your vehicle is misplaced, you can claim for reimbursement. With this add-on cover, the insurer provides a part of the cost incurred for the substitution of the key.

Engine and electronic circuits cover: One can claim for reimbursement with this add-on cover for the damage caused due to engine failure or electronic circuits.

Roadside assistance cover: In case your vehicle breaks down while travelling through remote locations, you can call for assistance with roadside assistance cover. Other assistance includes arranging for fuel or mechanic in case of any problem while travelling.

Since add-ons will increase your premium, add the necessary ones and calculate your premium using the online motor insurance calculator.

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Questions To Ask Yourself Before Buying Car insurance

Having a car insurance will definitely give the car owner many benefits. No matter what vehicle you buy, it must be covered by at least the minimum car insurance. Most people take their friend’s advice or advice from any relative etc. before buying a car insurance and later regret it. This is not how you choose your car insurance. Insurance companies vary in the car insurances they have to offer. Therefore, it is always good to do your research and enquiry, compare car insurance before choosing and then buy the best car insurance.

However, you must ask yourself a few questions before choosing a car insurance policy:

1.      What kind of insurance policy do I need?

You need a third party car insurance in the least, as it is compulsory by law. This refers to liability insurance that provides coverage against injury or death of a third party due to any accident caused by your car. The damaged caused to the vehicle or property of the third party is also covered along with the legal fees. Other types of coverage available must also be considered, and then choose based on your needs, i.e.

Comprehensive Insurance: This cover provides a comprehensive all round coverage. You will receive monetary compensation even if your car is damaged from non-accident causes such as natural calamities, theft as well as third party liability.

Personal Accident Cover:  If you are in an accident, all your medical charges will be paid or lost wages incurred with the help of this coverage.

Always ensure that you go through the policy wordings provided by the general insurance provider.

2.      What deductible should I pay?

The amount of money that is decided between the insurers and insured is known as deductible. If there is any case of accident, you will have to pay the deductible amount before insurance company pays the rest. Premium rates can be lowered if a higher deductible is chosen. There are chances, you might not even have an accident, but always make sure you choose a deductible that is easy to pay for you in case of any accident.

3.      Will my insurance cover original manufacturer parts?

You will need to ask this question to your insurer. Two kinds of spare parts are available. Aftermarket parts are made to fit a general type of vehicle and are less expensive. Second kind are the original manufacturer parts that are made for particular models. Original parts must be included in their policy by your insurer.

4.      How will my car be valued?

Your car’s value is decided based on its IDV. Insured Declared Value or IDV is the compensation you are eligible to receive it the event of total loss or theft.

Before you go ahead and buy the car that you want, do a little bit of research until you find the best car insurance that fits your budget as well as suits your needs.

Basically, a car insurance will act as your companion no matter what damage is caused to your vehicle. Therefore, having a car insurance is a must!

 

 

Car Insurance Mishap? Know Who Is Covered!

Any vehicle that you buy, must be covered by at least third party car insurance compulsorily. Having a car insurance in India provides a car owner with many benefits. A third car insurance policy will cover third-party liabilities whereas comprehensive insurance will cover third party as well as your vehicle and yourself. There is however a big confusion regarding car insurance. People want to know what will be the case if your car is damaged in an accident when you are not driving, someone else is? In this case, what happens to your motor insurance coverage?

·         Car Insurance Policies

While buying a car insurance policy, people can choose between a comprehensive or third party car insurance policy. A comprehensive car insurance policy will give you overall protection under several scenarios such as accidents, natural disasters, theft, as well as personal accidents. Whereas, loses that arise due to damages or injuries that are caused by insured to the third party’s property or a third party, all get covered under the third party vehicle insurance policy. Therefore, third party cover is very important and a basic requirement under a vehicle’s insurance policy as per the Indian Motor Vehicles Act.

·         Who is Covered When Driving Your Car?

It might be a little confusing to understand whether who is covered by your motor insurance for driving your vehicle. A car insurance policy will vary from insurer to insurer, but according to a general rule of thumb, all drivers who drive your vehicle are covered by your insurer. You also have an option to exclude certain people in the ‘excluded drivers’ list in your car insurance. These people won’t be covered when driving your car. Hence, you are allowed to lend your car to your friends and family members. You can even give those who don’t live with you as ‘permissive use’ which often applies in such cases. ‘Permissive use’ means if you hand over your car to someone else for driving, they will be covered as well under your car insurance policy.

·         Benefits

A minimum amount of insurance claim is required in all the states in India. Car insurance can be really helpful in managing the loss of a huge sum if any damage is caused to your car, in the following manner:

1.      If the accident results in death, benefits are provided to the survivors.

2.      As a result of an accident, it will cover lawsuits that include legal fees that are brought against you due to an accident.

3.      The bills of vehicle repairs will be covered, if any damage is caused in an accident.

4.      If the damage is caused due to reasons apart from accident i.e. theft, fire, etc. will also be covered

Car Insurance has been made mandatory by law and driving without it is illegal in India. Choose from comprehensive, third party or commercial vehicle insurance to cover your car.

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Hiring a Business Accountant in Long Island, NY

Entrepreneurs have some of the most challenging jobs in the world because they are responsible for other people’s opportunity. If their business faulters, they have the unfortunate duty of packing up the office and relieving every employee of their livelihood. Since entrepreneurs are responsible for wearing so many hats, there is only so much they can do with twenty-four hours in one day. When these individuals started in the field of business, they had to perform all of the accounting duties themselves and file both state and federal taxes. If you have ever attended business school, everyone huddled around the accounting majors in these courses because it is a relatively confusing subject. With the capital in hand, entrepreneurs are quick to find a business accountant near me long island NY.

Managing Company Assets

Company assets are leveraged in a manner that creates more business for the organization. Many owners are not aware of depreciation expenses and how to properly account for these circumstances. Reviewing the financial position of your business or the balance sheet will create a form of clarity around your businesses assets. If you were able to open your business, you are likely familiar with the basic accounting equation. Professional accountants will ensure that your assets, liabilities, and owner’s equity are all balanced throughout the year.

Filing Taxes

Regardless of the industry, filing taxes for a business is a strenuous process. This is especially true for entrepreneurs looking to do business in developing industries such as the Cannabis marketplace. If you are looking to get a jump on new industries, a business accountant will help ensure that you are remaining compliant with existing and future tax laws. The majority of this information is written in a confusing matter on purpose, and accountants are hired to decipher this financial code.…

Mistakes To Avoid Before Hiring a Restaurant Construction Company

There are several mistakes that you should avoid before hiring restaurant construction companies.

Legalities

The first mistake is neglecting the important legalities. This means that you are going to need to make sure that the company is working under the right codes. Even though this can be very annoying, it is something that is going to need to happen. If you see that the construction company is trying to avoid all of these things, then you are going to need to go with another company. This is because it is going to cost you a lot more money in the long run.

Too Big

The second mistake is when they try to build too big. You want to make sure that your restaurant is not too crowded but you want to make sure that it is still practical. Most of the time, the people who are going to be dining in your restaurant are looking for a more intimate surrounding. The only reason that you need to have a larger restaurant is if you know without a doubt that you are going to be able to full up space. The larger space will mean that you have to pay more rent.

Spending

The third mistake is when you are not spending enough money to build exactly what you are looking for. You need to understand that in order to build a proper restaurant, the design is going to cost you a lot of money. Therefore, if a company is offering you less money for the build, then they are going to be cutting corners or they don’t have the experience that you need. If you have a budget, then this type of company is probably going to run your budget dry before you have all of the elements of your restaurant.

Equipment

The fourth mistake is when the company tries to sell you equipment for your restaurant that is used. This means that the equipment is going to be cheaper since they are used, but they are also not going to last you as long as the new equipment is going to last. If you don’t have equipment that works, then you are not going to be able to serve your customers at your restaurant. You are going to be taking a big chance if you use equipment that has been used. This is because it might be reliable but you could be buying other problems.

Size

The fifth mistake is that they think that the size of the kitchen is not going to matter. Even though, when a person is eating at your restaurant, they are not thinking about the size of the kitchen. If you have a small kitchen, you are still going to be able to cook the quality food that you want to, but it is going to take you longer to do this. This is because of the smaller space that everyone is going to need to work in. There is a chance that you could lose money from customers.

Too Fast

The sixth mistake is when the restaurant construction company tries to build your restaurant too fast and sooner than you would like. A lot of construction companies are going to promise to get the job done as soon as possible. When the company promises to build the restaurant too fast, then there is a big chance that they are not going to make this timeline. Therefore, if you have an experienced builder, they are not going to tell you a quick timeline since they know that it is going to take time.

You will have to optimize the losses with profits

When you will have to maintain some good quality trades, there will be some different things. We are talking about proper money management. It will be the first thing to do for currency trading. From there, the traders will have to select the right profit margins for all of the trades. From there, you will have to think about using the proper tool like the take-profit. The trades will be able to avoid the unfortunate turn of event in a proper trend. On the other hand, the traders will also have to think about the right placement of the stop-losses. That will be done right when there is a good risk settlement inside of your trading mind. All of the right performance with the trades will need for good performance. And almost all of them, the planning will be needed for. The traders have to concentrate on the proper business performance with them. Therefore, the right planning will have to be there. In this article, we are going to mention some of the most legit performing processes for the retail currency trading business.

The right disciplines will help with proper trading

All of the trades must run with proper plans. By that, we are talking about rules and regulations. It will be easy for you to follow. Because all of them must become out of your own trading mind. When there will be a proper trading business with that kind of setups, the traders can automatically concentrate on the performance. And that is very good for earning profits from the volatile markets of Forex. But for that, you will have to be a disciplined person. We are talking about making the right setups with profit targets and risk management. The traders will have to understand their caliber for the performance. From there, the right amount of lots must be ordered for the trades. It is easy for a trader to make a long or short order based on the signals. Setting up the right stop-loss and take-profits for a trade is not so easy. The traders will have to learn about settling the risk to profit margins. All of them would be good if you can be a disciplined and regular trader in the business.

Find a well-regulated broker

You might have a huge amount of capital but this doesn’t mean you will trade with low-grade broker. The professional Singaporean prefers trading CFDs with trusted broker Saxo since they offer them the premium environment. Moreover, you need to ensure the safety of your trading funds. Never take things personally in trading business. You have to rely on the public feed and find a premium broker like Saxo in order to make consistent profit from this market.

Long timeframe trading process is easy to adapt with

There can be a little bit of help with business performance with proper trading methods. By that, we are talking about the long timeframe trading process. If traders can make some good performance with that, there will be good management of the business. Think about your trading edge being able to handle all the possible condition of the trades. There will not be too much to lose from the account balance. From time to time, your income will definitely increase. So, get going with the right long term trades like in the swing trading or position trading process.

Good profits can be made with the proper trading edge

All of the rules and disciplines will be done with the proper trading edge. There will be a little bit more of interest of the traders though in the edge. You will have to work to make yours a better one for the business. When your edge contains all the proper things needed for the trades, there will be a good performance in the markets.…

What to Do If You’re Injured and Can’t Work

No matter how you’re injured, a personal injury can be a life-altering problem. Some injuries prevent you from working, which can make your entire family suffer. You have to make a living, but what do you do when you’re too injured to follow the normal routine?

Many times, injured people find that their options are severely limited at work, and they need some extra help on the financial side of things. Once you’ve taken care of your injury, you have medical bills and insurance claims to pay, and when you’re not working, this puts an even greater burden on you. Here’s what you can do.

Contact an attorney

Any time you’re injured and another person or business is at fault, you should contact a personal injury attorney who can help you fight for compensation for medical bills and other damages.

If you’re disabled from an injury, consider contacting a disability lawyer who will handle your personal injury case and help you get back on your feet after an accident. This attorney specializes in finding programs for you and helping you get the money you deserve to cover expenses.

You might also contact an attorney if you need medical marijuana or CBD products, which can be helpful for relieving pain but tricky to obtain, depending on your location. Although filtration for hemp and CBD oil extraction is improving, allowing for more legalized products throughout the US, it can still be somewhat challenging to get your hands on this medication that relieves your daily pain and suffering.

An attorney can help make that possible for you by navigating the legal system so that you can obtain these medicinal aids legally.

Find a way to make money

An attorney can help you get money to pay for your bills and then some, but these proceedings take time. In the meantime, you need to figure out how to make money even though your old job is out of the question.

This is a particular challenge for those who worked in a factory or another labor-heavy job that required physical abilities that you no longer have after your accident. In this case, you have to find something that’s a little easier, no matter where you’ve been injured.

If at all possible, try to work from home. Some employers allow disabled workers to work primarily at home and only come into the office occasionally. If this isn’t an option for you, look for work-at-home jobs that you can do without physical effort.

There are also work programs designed to help those with disabilities work while learning how to do so with an injury. It’s a great tool for those who suffered a serious injury and need more assistance.


Look to government assistance

Reach out to government programs to see if they offer any form of assistance for your disabilities. You can usually apply for unemployment as long as you’re actively looking for a job, although this does not last long term. It’s best to apply for social security benefits that are designed to help those with a lasting injury take care of themselves.

There are also loan modification programs designed for the injured that help you make your mortgage payments. The most popular is the Home Affordable Modification Program that makes your payments more attainable so that you don’t default.

There are options when you’re injured and can’t work. All you have to do is get a little help and look around you. Things will be different from now on, but at least you can still take care of yourself and your family.…