Car insurance is an insurance that is used to provide you protection against loss if an accident occurs.It is the contract between the insurance company and you. The insurance company pays for any loses in case of an accident.It is a legal requirement that you insure any vehicle that is kept in a garage or driveway or in the the street,
Types of car Insurance
Different types of insurance covers for auto motives exist. They include:
a) Comprehensive coverage
It covers the cost of repairing or even replacing your vehicle whether you are at fault or not.This cover also includes transportation cost ,the cost of emergency repairs and damage that is caused by other drivers.It covers most situations that are not covered by liability and collision coverage.
b) Third Party Property cover.
This is meant to protect road users from damage that you may cause.It covers the damage that you are responsible for to other people, vehicles, and their property.This does not cover repair that is needed for your own car and it won’t be covered if your vehicle is stolen and does not also cover your own medical expenses.
c) Third party Fire and Theft cover.
It is similar to third party cover but also pays if your car is damaged by fire or if it is stolen. It is more expensive compared to third party property insurance and therefore, you should not have it if your car is not worth it. Or, if you a down on funds you can look in to cheap insurance marion il.
d) Compulsory Third Party Insurance
It is also known as the ” green slip ” insurance and is required for all registered drivers.In case of an accident, this cover indemnifies the driver that are legally liable to personal injury to another person in the accident.
e) Gap Insurance
This one are meant for those that are still making payments for their cars when it is involved in an accident.Some lenders make it a requirement that you are gap insured first before they give you a car.
Tips of buying a car insurance
Before buying an insurance cover, you need to :
-Review the credentials of the insurance company to know if it is the right one
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-Compare the coverage quotes that have been offered,
-Understand the benefits of that insurance cover.
– Find out how to lower your premium rates
-Determine what you can afford then choose the right one
As illustrated above, different car insurance covers exist and it is important to choose the right one and one that you can afford.It is also important to choose the right insurance company.
You’ve had fun all summer long and now the season is winding down. You know that you have to face those long cold winter nights, waiting for the next boating season to start. However, before you put your boat up for the winter, you have to ensure your boat parts are winterized. Even if you don’t live in the New England area or other parts of the world that are always cold in the winter, you should always take great care to winterize your boat. Where should you begin?
Inboard Engines – If you have an inboard engine, it’s best to allow it to warm so you can change its oil. As you change its oil, it’s good practice to change the oil filter as well. Make sure to flush your boat’s engine with fresh water. Get antifreeze into the engine and allow it to circulate by turning it on. Once, it has gone through, the antifreeze will leave by way of the exhaust. Your transmission fluid should also be changed at this time. Once this is complete, remove those spark plugs and use WD-40 on them. Lastly, wipe down your engine.
Outboard Engines – You will want to fish your engine with fresh water and allow it to completely drain away. Clean and rinse your engine thoroughly. Remember to disconnect the fuel hose and allow the engine to run until it cuts off. It’s vital that all of the fuel is removed from the carburetor so no evaporated deposits will build-up. Use WD-40 to grease the inside of the cylinder walls and pistons. Your propeller shaft should have water resistant grease on it. Make sure you change the gear oil and grease the exterior of the engine with a thin coating.
Stern Drive – Be sure to inspect your stern drive. If there is anything inside it, remove the item(s). Be sure to drain your gear case and look for extra dampness in the oil. If there is, you could have an issue with leaking seals. This will have to be repaired. Use soap and water to clean the unit. Should your boat have a rubber boot, check the boot for any cracks. You’ll want to grease all the fittings and make sure fluid levels are good.
Fresh Water System – Be sure the system is completely drained. Disconnect the hot water heater from their lines, connecting the lines together. Put non-toxic antifreeze in the fresh water system and be to turn on every facet until you see it coming out. You’ll want to pour the antifreeze into the water heater as well.
Bilges – Bilges should be cleaned and dried. If there are oil spills, clean them up with hot, soapy water. You’ll probably need a good stiff brush too. Once this is done, apply antifreeze to them so they are no susceptible to the cold too.
Fuel – Before putting your boat away for the winter, fill it up with gas. Doing so keeps condensation from building up while it’s sitting idle for the winter months. Be sure and change the fuel filter and water separator, too. You can use yamalube engine oil to protect the engine.
Boat Interior – Before you put away the boat, clean every nook and cranny of your boat. That means your boat should be spotless before it gets put away for the winter months. If you want to keep mildew away, install a dehumidifier or use a spray that is designed to keep dampness at bay.
After every boat part has been winterized, place your boat in a shed. If this is not an option, buy a tarp big enough to cover your boat for the winter. As long as you utilize these tips above, you’ll have an easy time getting the boat ready for the summer season. If you still have questions, always refer back to your boat’s owner manual for guidance or ask a professional for help.
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To tide over cash problems, what you can do is opt for the services of a freight factoring company. When you do so, the freight factoring company takes over all your credit freight invoices and provides you with cash in two installments, totaling the value of your credit freight invoices. The first cash installment is usually around 90 percent and you get this in one or two business days. The remaining balance will be remitted to you after the freight factoring company has collected the dues from all your clients.
The freight factoring company will certainly deduct the factoring charges from your last installment, but that should not be the issue because even if you had opted for a bank loan, you would have been required to pay interest; not to mention the tough process of procuring the necessary documents and signing collaterals that banks usually require before lending you the required amount. As such, paying factoring fee, which is usually in the range of 1.5 to 5 percent, is a small price to pay for procuring the much-needed ‘cash’.
Freight factoring can certainly help your transport business grow, but for that to actually materialize, you will first have to select a freight factoring company that best suits the specific needs and requirements of your transport business. For this, you need to check out the reputation and track record of the factoring company. This is necessary because eventually it is the factoring company that will be dealing with your clients and if it uses coercive measures for recovering the dues, you might end up losing your clients. So, before you sign a contract with a freight company, make sure that it does not have a history of using unethical means for recovering the dues from clients.
For best results, it is recommended that you do not enter into long-term contracts with a freight factoring company until and unless its reputation and creditability has been firmly established. If you ignore this vital advice, an unscrupulous freight factoring company can easily contribute to the downfall of your business by harassing your clients even when they might be willing to pay their dues. A short-term factoring contract will help because then you will have the option to switch over to a different freight factoring company, in case you are not satisfied with the factoring services of the former. That’s the best freight factoring tip that you can use for increasing the profitable possibilities for your transport business.
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