Category: Insurance

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Insurance

How Does an Engine Protection Add-On Increase the Coverage of Your Two-Wheeler Insurance Policy?

Ever two-wheeler insurance policy has pre-defined coverage; be it a third-party cover or comprehensive policy. While a third-party party plans have a limited coverage for legal liabilities becoming due to third person, a comprehensive plan includes own damages too. For some these pre-defined coverages may be sufficient, but a few others may choose to fine tune it. This can be done using the add-on facility available with comprehensive plans.

Add-ons are optional policy upgrades that enhance the coverage of a two wheeler insurance policy. Using the add-on facility, it is easy to customise the policy coverage based on the different risks that you wish to insure against. One such essential add-on is the engine protection cover.

What is engine protection add-on?

Comprehensive bike insurance plans offer a 360-degree coverage for damages to your bike, as well as any concerned third-party legal liabilities. This includes injuries sustained by a third person, property damage, repairs to your bike and even injuries to you, the policyholder. However, it has certain limitation, especially when it comes to safeguarding the repairs for the engine. The engine protection add-on can be used to cover for these costs. * Standard T&C Apply

How does the engine protection add-on work?

Being the heart of your motorbike, any damages to the engine may mean hefty repair costs. For example, monsoons are notorious for waterlogging. This often results in water entering the engine and other components thereby causing the bike to stall. If the water enters the engine block, it can lead to a hydrostatic lock too. For such repair costs, an engine protection add-on can help ward of financial worries that otherwise can put a dent in your account.

Not just water damages, lubricants like engine oil, coolants leaking can also require repairs to the engine. These repair costs are also included in the add-on cover. Further, physical damages to the engine like the gearbox, pistons, crankshaft are covered in the policy scope. Since this add-on is over and above the standard coverage under a comprehensive policy, it ends up increasing the two wheeler insurance price. * Standard T&C Apply

Who is this coverage for?

Engine protection add-on can be purchased by all buyers who opt for a comprehensive plan. However, it is advisable for those living in flood-prone regions to buy one. Also, those planning on long-range road trips can benefit from an engine protection cover in case of unexpected damages to the engine. Any major repairs can be covered when you have the backup of an engine protection cover.

Are there any exclusions to the engine protection add-on?

Yes, just like all insurance plans, the engine protection cover also excludes certain repairs to the engine.

  • Repairs to the engine that are a result of routine wear and tear are excluded.
  • Replacement of the internal spares of the engine or gearbox as a result of the bike being turned on during a hydrostatic lock is excluded. This is known as consequential damage.
  • Damages to the engine required as a result of corrosion caused due to delay in retrieving the bike from a waterlogged area.
  • Damages that occur when the rider is under the influence of intoxicating substances.

* Standard T&C Apply

These are some ways how an engine protection cover can help you during the times when the engine needs repairs. Thus, keeping it in mind, you must ensure to buy and make consistent two wheeler insurance renewal for continued coverage.

Also, note that insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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What Happens to the Travel Insurance Policy in Case of Trip Cancellation?

Imagine a scenario where you are all ready and prepared for your international trip with meticulous planning. But due to an unfortunate natural calamity, the country where you are visiting has faced devastating aftereffects. This has brought the entire nation to a standstill and all your plans are canned. This is where you are bound to cancel your trip and all the money, efforts in planning are down the drain.

This would be a heart-wrenching scenario but if you had a backup ready to tackle such unexpected events, there would be no financial losses. This is what a travel insurance policy does.

What is a travel insurance policy?

A travel insurance policy is an insurance plan that covers against the various risks that are faced during travels. Such travel plans are generally available for the specified duration of your travels thereby offers customised coverage based on your travel needs. Moreover, travel insurance isn’t only available for international trips, but also domestic ones. Medical expenses, delay and loss of baggage, flight cancellation and rescheduling, trip cancellation and alterations are some of the different situations to answer what is covered by travel insuranceplan. * Standard T&C Apply

When buying a travel policy, you must verify the coverage since different insurance offer different coverage. Verifying the coverage will help you know what the different risks insured within the policy’s scope and make a smarter choice of insurance cover.

What happens to the travel insurance policy in case of trip cancellation?

The insurance company provides assistance when it comes to trip cancellation. Undoubtedly cancelling your trip will mean huge financial loss as it involves cancelling your flight bookings, reservations for accommodations, cost of the entire travel package and any other advances paid. But based on the sum insured and policy terms, the insurer provides a compensation for such loss. However, such cancellation must be done prior to departure date only. Moreover, in cases where the entire trip is cancelled, the premiums paid are also refunded after deducting few nominal charges.

What happens in case of trip curtailment?

Apart from cancellation when a travel insurance claim is required, trip curtailment is another situation. There can be an unfortunate event requiring you to cut down the duration of your travel. It may be either due to personal reasons or factors beyond your control like natural calamities and man-made perils. In such situation, a travel insurance policy aids your financial worries. This can come handy especially for international travels for times when you are in foreign land. * Standard T&C Apply

When you are looking for a travel insurance policy, make sure to thoroughly check what is covered and what isn’t. Buying a policy that checks all your requirements helps to address your travel related concerns. Moreover, select a policy that offers adequate coverage so that any unexpected losses can be dealt.

Also note, insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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Insurance

5 Apartment Amenities That Make Life Better

Let’s face it; an apartment that is little more than a bed and a toilet isn’t a place that inspires happiness. You’ve likely lived in a place like that, or maybe that describes your current living arrangement. If it’s time for you to move on to a place that you’ll be happier to call home, here are some amenities to consider.

Experienced real estate developers like Steven Taylor Los Angeles know that these little extras that not all apartments provide are important to a tenant’s quality of living. It can be the difference between dreading returning home and being happy to collapse onto your bed for a great night’s sleep.

 Dishwasher

Scrubbing every dish by hand is a chore that is not only tedious but also time-consuming. Think of all the other things you could be doing while your dishwasher cleans your plates and cutlery for you: maybe enjoying an evening drink on your patio. 

 Patio

Speaking of a patio: this little addition may seem unnecessary, and probably is if you are looking for bare-bones existence, but it’s hard to understate how nice it is to be able to step out onto your own little piece of the outside with your refrigerator close at hand. When redeveloping a property, Steven Taylor LA knows how important these simple extras can be.

 In-Unit Laundry

Lugging all your dirty clothes down to a shared laundry room can be a drag. You never know the state of disrepair it will be in. Is there pet hair all over the washer again? Are there even any machines available? Having laundry facilities in your unit is really a godsend.

 Secure Parking

Parking on the street is always stressful. There are so many things that could go wrong: everything from a new scratch on your paint job to, well, your car not being there anymore. You will, without a doubt, sleep better at night knowing your vehicle is safe inside a secured parking area.

 Recreational Areas

There are a number of great amenities that fall into this category and, depending on what your lifestyle is, they could really enhance your enjoyment of your living space. It could be a fitness center, barbecue area, swimming pool, or a clubhouse with a pool table. A playground or a dog run could be a huge bonus if you have kids or dogs.

If you are in the market to move from your less-than-ideal apartment into something that sparks a little more joy, keep some of these amenities in mind. You might want to add them to your “must-have” list.

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Must-Know Considerations Before Deciding Scrapping Your Own Car

Your Own Car

It is tough to let go of something that has been part of your life already for many years. One of the best examples here is our car. If we are letting go of our first owned car, it is heartbreaking for us. Surely, it has sentimental value in our life already. We have already made memories with our vehicle with our family, friends, relatives, colleagues, and other loved ones. That is why it is really hard to let it go. But as we know, any kind of vehicle has a lifespan that we need to know and understand. It means that every car has an average life expectancy. There are vehicles that can be properly used for more than five years, ten years or more. But it also depends on the specifications, brand, and model of the vehicle. Once our own car reaches its life expectancy, we will surely encounter different problems in our vehicle already. Most of the time, it is leading to the option for car scrapping.

Before we decide on getting our own car into scrapping, these are the considerations that you have to check first before making the decision:

  • Check the total cost quotation that you will be spending when your car undergoes total repair. As soon as you receive it, you need to analyze if the cost is worth spending, or it will cost you too much money already. If that is the case, it is better to take your car into scrapping already.
  • Check the value of your car today. If you are planning to buy a new one, check the value of your car first. If it is a competitive price for you to get a new one already, you can decide to take your old car into scrapping.
  • If you choose to undergo your old car into a total repair, consult with an expert if how long does the restoration will last. If you think it would not last that long, it is better to think twice again to make the best decision.
  • You can also seek professional advice when it comes to undergoing scrap my car comparison. It will surely help us decide on what to do in our old or damaged car.

Nowadays, we need to understand that we have to be wise in life. If we have read and understood the considerations mentioned above, we can now better analyze what to decide about our old or damaged car. If it is needed to go under scrapping already, we have to accept it. In the end, we will still gain from it from getting the best deal. You can only get the best deal once you consult with the professional. Surely, you will get the right quotation, and you will only receive the best prices on scrapping your car.

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The personal loan long and wide

The personal loan, unlike all other Installment loans, requires no proof or invoice from you to justify the loan. We will review the specifics of this loan, and see how to get it.

What is a personal loan?

The personal loan is also known as an installment loan. It finances the purchase of various consumer goods or the carrying out of projects.

The installment loan has a particularity, however. Indeed, one of the advantages of this loan is that you will not have to provide any proof of its use. This is the main advantage of the personal loan.

The personal loan is described as “unrestricted”, as opposed to the restricted loan which finances the purchase of a specific asset (car credit).

It will therefore allow you to finance a personal project, increase your cash flow, undertake work or face a hard blow. But there is the other side of the coin. If the personal loan is the easiest to obtain, it is one that will cost you the most.

Indeed, the bank considers that as it has no proof from you, as for the use of the money it lends you, it takes a greater risk.

The interest rate (APR) for the loan that it will grant you will therefore be higher than for loans that are described as “affected”, that is to say loans that are subject to obtaining the provision of supporting documents for purchases.

One of the other disadvantages of the personal loan lies in the fact that the monthly payments are due to the signature, and not to the obtaining of the property.

Why apply for a personal loan?

Before applying for a personal loan and installment loans, it is best to study the various borrowing options that you could take out, and which would be more advantageous than a personal loan.

For example, a car loan may be more suitable than a personal loan. Indeed, the car loan is conditional on obtaining the vehicle (and vice versa ).

You are protected from the seller (if the credit is not obtained the sale is canceled). On the other hand, reimbursements will start from the moment you receive the vehicle.

To borrow small amounts of money or want to get the cheap installment loan, it is sometimes better to choose simpler solutions which can be less expensive. For example, a credit card with deferred debit, a reserve of money or a credit card.

Conditions for obtaining a personal loan

Almost anyone can take out a personal loan. There are however three conditions to be fulfilled to claim it:

  • Being older than 18 ;
  • generally be a resident of the country where one borrows;
  • receive regular income.
  • Simulate your credit online and receive loan offers
  • It is now possible to simulate your borrowing conditions online, or even to take out a loan.

You can find information online about the various lending institutions and banks offering personal loans.

Making your request is very easy, and the saving of real time and consequent. No time wasted going to the bank!

A basic answer will be given to you very quickly. You will then just have to provide various supporting documents to the bank (identity, income and taxation) and then return to the bank, the loan offer signed. The funds will be deposited into your bank account.

The other advantage is to be able to simulate and compare the different offers offered by banks and credit institutions. You can do as many simulations as you want, until you find the most suitable formula for you, i.e. the balance between the amount borrowed, the monthly payments and the interest rate.

Do not hesitate to play the competition, to try to look for special offers which could give you the most attractive APR. Likewise, explore all the financing solutions (earmarked loan, credit card, money reserve) to find the one that best meets your needs.