Category: Insurance

Staying with the same insurance provider for several years would possibly cost you extra. You may be getting loyalty discounts but the amount of premium is considerably high ranking compare to the standard rate that a good number insurance providers offer. However, getting free auto insurance quotes online would save you hundreds of dollars on your car insurance.

There are many competing insurance providers out there therefore they would love to get hold of you so that they can close a deal. One of the greatest and quickest ways to get many auto insurance quotes as you want is by comparing them online. You may be wondering why selected insurance company offers the same coverage in a lower price giving huge savings to their customers. However, keep in mind that each insurance provider operates differently though they are offering the same service. Some of the reasons why they offer this discounted price is to keep their overhead rate as low as possible in order for you to stay with them.

There are many of property where every consumer can find on car insurance. It may be through the registered auto insurance provider, agents and through the internet. Just promote to sure that the information you will provide on quotes is protected and confidential. Furthermore, having a clean driving record, which earnings no car accident involved in a span of time, would get special discounts and lower premiums from the company.

Drivers who are living in rural areas get the low cost yearly premiums compared to those drivers who live in the urban areas. Since there are more vehicles in larger cities, there is a greater occasion of accidents. Moreover, in larger cities there are more chances of vehicle thefts compared to rural areas.

However, choosing a low premium does not mean with the purpose of you will be compromised with the coverage. It is all up to you, if you think that the coverage you choose as it should be then purchase it. That is why it is best to do your own analysis before finally deciding of buying it.

In doing your own examine, you may know how many complaints were filed to a regard company. At least, you will be guided with complaints from the quality of their service. Due to more insurance companies are supplementary than willing to be of service and provide an adequate auto insurance coverage for you.

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Five Crazy But Common Car Insurance Exclusions

You buy your car insurance, you glance at the policy documents, and you assume you’re covered for all eventualities where your car is stolen or damaged. Think again.

Read through your policy documents in detail. Some insurers don’t cover injuries to passengers aged over 75. Others won’t pay out if your car is stolen by someone who deceives you into handing over your keys. A small number won’t cover damage to your car that’s caused in a road rage incident. It’s common industry practice not to provide gap insurance, so if your car is written off or stolen, you won’t receive the full amount you paid when you bought your car.

Every car insurance policy includes some exclusions. Many of the exclusions would be extremely frustrating if they happened to you, and you then discovered that you’re not covered by your insurance firm. Some of them are downright crazy. Five of the most crazy but common car insurance exclusions are:

1. Nuclear Fallout
If Britain was wiped out by a nuclear bomb and you managed to survive, you wouldn’t receive a pay out from your insurer for the damage caused to your car. This is not only because the insurance firm will probably have been destroyed in the blast; it’s because it’s standard practice for motor insurance policies to exclude damage caused by nuclear fallout.

The same applies if your local nuclear power plant explodes and destroys your car, or if your car is contaminated by radioactive waste: you will not be compensated for the damage caused.

Currently this exclusion applies to policies bought from almost all the major motor insurance firms, including Admiral, Direct Line, Aviva, Churchill, Saga, Prudential, Sheila’s Wheels, and Co-operative Insurance to name a few.

2. UFOs
Most car insurance firms will not pay out if your car is damaged by pressure waves from aircraft travelling at or beyond the speed of sound. This includes damage caused by sonic and supersonic UFOs from outer space.

If you are zapped by an alien laser-beam while driving on the motorway, your insurance firm is unlikely to cover your injuries or the damage to your car. This is because such aggression would be considered an act of war. Car insurance firms usually exclude cover for damage caused by war, civil war, acts of a foreign enemy, or revolution.

Currently this exclusion applies to policies bought from almost all major car insurance firms, including Direct Line, Aviva, Admiral, Churchill, Saga, Prudential, Sheila’s Wheels, and LV=.

3. Car Stolen by Jealous Husband or Wife
Motor insurers will not provide cover if your car is taken without your permission by any member of your household or family. This includes your spouse or partner, your children, your parents or a lodger in your home. The only exception to this rule is if you report your car as stolen to the police, and prosecute the person who took your car in court.

Currently this exclusion applies to policies bought from almost all major motor insurance firms, including Direct Line, Admiral, Co-operative Insurance, Sheila’s Wheels, and LV=.

4. Earthquakes
Fortunately for us Brits, the UK is not prone to earthquakes or tremors. However, were the worst to happen and the ground opened up and swallowed your car, or even if a less violent earthquake shattered your windscreen, it’s probable that your insurer would refuse to pay out.

A small but significant number of car insurance firms do not cover for damage caused by earthquakes. Admiral is the most notable insurer with this exception. Other insurers who refuse cover for earthquakes include Saga, Prudential, and Sheila’s Wheels.

As well as looking out for earthquakes, remember to check your insurance policy documents for the phrase “acts of God”. Sheila’s Wheels breakdown service, for example, cannot be held liable if they leave you stranded by the roadside because of an “act of God”.

5. Blind Drivers
Unsurprisingly, there is not a single insurance firm who will provide cover for drivers who can’t see. This is never stated explicitly in insurance policy documents, but insurance companies cover their backs by saying they won’t pay out for claims resulting from damage caused by “unlicensed drivers”.

Being unable to get insurance or a licence wasn’t enough to stop one blind person from getting behind the steering wheel. In 2006, 31-year-old Omed Aziz was banned from driving for three years and given a suspended jail sentence after police caught him driving on the wrong side of the road.

This exclusion seems to apply to policies bought from almost all motor insurance firms.

How do you make sure you’ve got the best possible insurance cover for your car? Firstly, don’t just choose a policy based on price. Research what’s covered and what’s excluded by each company you’re considering. Secondly, if the level of cover you want isn’t available from standard car insurance firms, consider taking out extra insurance, such as gap insurance, from a specialist insurer.

Car insurance exclusions are usually not that hard to find, you just need to have a look at the rarely-read policy documents.

To be sure you’re not hit by a nasty surprise when you need to make a claim, make some time to read through policy documents when choosing your car insurance. Most insurance firms make their policy documents available online as a free download.

What is and why is there unclaimed money? Unclaimed Money or Property encompasses any financial obligation that is due and owed to another party (customer, vendor, employee, contributor, etc.). The key rule to remember is that this property never becomes the organizations property it always belongs to the person or entity owed. Unfortunately, many organizations do not realize that un cashed checks, escrow balances, customer deposits, mysterious credits, and unclaimed payroll and insurance benefits qualify as unclaimed property. These organizations are often referred to as the Holder of the abandoned money or property.

1.Once the abandoned money or property is remitted to [escheated] to the State in which the Owner was last known to have resided the “dormancy period” for that type of abandoned property has expired. The typical dormancy periods in most States of three to five years that means that an organization can only keep these items on their books and retain the associated funds for this period of time and then it must escheat / remit the funds to the appropriate State. Once the abandoned money reaches the State, the money or property is called referred to as unclaimed money or property.

2.An issue can be that can have his abandoned money or property escheated to a State in which the Owner has never lived. If the Holder of the abandoned money or property is headquarters in a different State, the abandoned money will be escheated / remitted to that State. For example many large publicly traded Companies with office or branches throughout the country are headquartered in a State such as Delaware.

3.Unfortunately, the laws governing the unclaimed money are both complex and vary from State to State. Complex for both the Owner of the unclaimed money and the Holder of the abandoned money. The challenge with regard to unclaimed property laws is that they are complex. Each state has its own set of laws. Even if you only have property to report to one state, many states require the filing of “negative” reports, meaning it is your obligation as an organization to tell them you have nothing to report. But you very likely have liability to more than one state, each with its own dormancy periods and rules on how to report each of the more than 100 different property types that can become classified as unclaimed property.

4.The format of the States unclaimed money database also varies widely:
The fields of information or data points are varies and not consistent; many States by law cannot display the actual dollar amount
If a dollar amount is displayed and the amount is “$0.00” or “unknown”, that does NOT mean that there is no unclaimed money but rather the unclaimed property cannot valued. Examples would be if the unclaimed property is stock(s) or a Bond whose value can change daily..IF the State has not yet sold the stock(s) or Bond. Another example would be jewelry or precious coins found in an abandoned Bank Safety Deposit Box. Its value is moot and cannot be accurately valued.

5.One needs to be savvy while searching for possible unclaimed money or property;
Check any State in which one has resided
Women should check both maiden, married and divorced last names
Never use a single apostrophe. i.e.) if last name is O’Brian, the last name search would be OBrian.
A search for a Business unclaimed money must be the Companys exact name:
The Auto Glass Co. not Auto Glass Company
A & B Company not A and B Company
Check the common varies spellings of specific last names as:
Thompson, Thomson
Smith, Smyth
Robertson, Robinson
Schmidt, Schmid, Schmit, Schmitt
Barry, Berry
OBrian, OBrien

6.Some States do not list the unclaimed money in their public database until 2 years after the lost property has been escheated to them. Most States Unclaimed Property Divisions are understaffed so updating their databases can be belated. So keep checking regularly and frequently.

7.States are meant to be the Custodians of the unclaimed property that means that they honor the Owners or Claimants or his heirs to claim the unclaimed asset for perpetuity. However, a few States have quietly passed laws by which if the unclaimed property is not claimed in 10 years, the property is reverted to the State as its property. Indiana is one of these States.

8.Although non-compliance was largely ignored in past years, the growth of state budget deficits led by the current economic downturn has brought the issue to the front burner.While most states have departments committed to returning unclaimed property to the actual owner, less than 30 percent on average is ever returned, (therefore 70%+ remain current/active)which allows cash-strapped states to use the money they collect as unclaimed property to fund various public interest projects.
The remainder is placed in a small reserve fund from which owner claims are paid. Therefore, unclaimed property represents, in essence, a “quiet” source of revenue that does not require the government to raise taxes. As a result, state enforcement efforts have steadily grown and audits to drive compliance are at an all-time high.
9.Real estate, cars, boats, fixtures and even animals that may be abandoned but are not generally applicable to the unclaimed property statutes and are neither transferred to nor held in State’s Unclaimed Property Division. The only tangible property that is transferred to the States are the contents of a financial institution’s safe deposit box when the safe deposit box has been abandoned.

10.States arent the only ones holding onto unclaimed property. Many Federal Government unclaimed money or property are:
Federal Income Tax refunds
FHA Mortgage Insurance premium refunds
FDIC for failed Banks
Unclaimed Pensions
Lost Treasury Bonds
American Indian Trust Royalties
War Claims for US Nationals

About a month ago a friend of mine approached me with a business opportunity, it was with a company called Adzoo. Now this particular friend is not internet savvy to say the least. To be honest I don’t even think he owns a computer. He told me that the company affiliated of Google and even went so far as to refer to them as “Google’s little brother.” Now I knew something was wrong, I could smell it from a mile away. If this company was in any way affiliated with Google I would have surely heard about it.

Maybe around a week later I was invited to a conference being held by a large insurance company that had decided to go into business with Adzoo. I only went out of curiosity and I have to admit, I was not impressed.

Now I myself have never been into MLM (multi-level-marketing) not to say that there’s anything wrong with people who are, but it is just not my preferred business model. I have learned through experience that for the most part MLM businesses can’t afford to provide a very good service and pay everyone in the down line to, but there are maybe a few exceptions.

The service that Adzoo provides is referred to as SEO when dealing with their customers. What the customers do NOT know is that Adzoo is merely over charging them for ad cost on some very poor ppc campaigns. They promise customers that they will get them on the first page of Google for the key words that they want to rank for within a 7 to 14 day period. This is done mostly on a local scale, and pricing is based on the radius that the person or company want’s to cover. Their targeted consumers are small business owners who are having a hard time with sales due to the emergence of internet shopping.

Now I do agree with one thing that Adzoo has to say in their pitch, and that is that any business that want’s to succeed in today’s market needs to have a strong presence online. However, that is all I agree with. Needless to say, I declined the “business offer” as I was not interested in promoting the organization in any way. I mean after all, if I wanted to make a couple buck overcharging people for adwords I could do it on my own couldn’t I.

So to answer the question, is Adzoo a reputable company? In my personal opinion; no! I checked out some of there work and realized that the businesses that have paid them for services are on the first page of Google, in the ad section! And not for any good keywords related to the industry at that, but the cheaper keywords and the actual company’s name!

If you are a business owner and you are interested in gaining more income via an online presence, I would have to advise you not to do business with this company but rather pay a real SEO consultant. It will probably cost you more upfront but it will definitely be cheaper in the long run (especially seeing as how Adzoo charges some pretty high monthly rates. If you want the true long term benefits that come with having your business online the only way is to get targeted, and organic traffic directed to your business, trust me you’ll be glad you did.