Car Breakdown Abroad – Planning Ahead

We've all heard time and again that it's important to read the fine print. This is especially true when it comes to automative insurance, particularly coverage for driving in foreign countries. Missing one small detail could mean a lot of hassle for you and your companions.

When you are in the market for car insurance overseas you want to think ahead. Consider situations that you wish to be protected from. What if your vehicle breaks down in a rural area? You may find yourself in need of a return back to civilization, a tow, emergency repairs and replacement parts. These are important parts of quality foreign car insurance. The last thing you need to be worried about after an unpleasant accident is whether or not your insurance provides all the coverage you require.

When your insurance company works for you and your policy protects you from all the things you face, you can rest easy. For those who desire the greatest peace of mind, comprehensive overseas coverage is recommended. This exceeds collision and injury coverage to shield you from natural disasters and civil unrest. With comprehensive coverage you do not need to worry about being told that your policy will not cover the situation you have encountered.

Thanks to the internet we're now able to learn about our insurance policies easily. By utilizing the web to your advantage you will be able to save money by getting the policy you need while making sure that you have done everything possible to save yourself while traveling abroad.



Source by Edward Fresco

Making the Most Out of Your Credit Cards

Rewards: Make them useful

– It is possible to get a credit card that rewards users for not using the card at all actually. One actually offers enough gas rewards for a free oil change every so often.

– Get the best rewards for your lifestyle. If you are not a traveler, do not get rewards that are focused on hotel rates or airline fares. Find something like gas rewards or saving for college.

Be smart when it comes to balances and rates

– Try to haggle with the credit card company once you have built up a good customer history with them. You can call them up to try and to negotiate a lower interest rate, which has the possibility of saving you hundreds over the course of time.

– Pay off the card that has the highest interest, even if it is the one with the highest balance. Sometimes it may be more appealing to pay off the smaller ones first but you want to save on interest too.

– Be careful when signing up for “poor people” credit cards that are geared towards people with little to no credit. Often these cards have sky high interest rates or the amount of fees associated with opening these accounts is so high that the entire credit limit is used up by these fees.

– Do not carry a balance. Credit cards are meant to be used mainly for small purchases. If you want to finance, something like a car try and to get a loan that has a much lower interest rate instead.

Extra tips and tricks with the cards

– Invest in price protection. Many cards will give you the option to get a refund on a big purchase such as a computer if you can find it cheaper within 30/60/90 days.

– Cash back is usually a percentage of what you spend. Take advantage of the cash back and use that cash for whatever purchases you may want instead of the card.

– Get purchase protection for the items you buy but do not get the extended warranty because usually buried in with that protection is a warranty anyways.

– Invest in the program that will cover your payments if you become unemployed or something happens. This will not only save you money in terms of fees and over limits but it will keep your credit report clean and report you as up to date with your payments.

– Don’t always close old cards. This will lower your debt to credit ratio and could potentially hurt your credit score. If you’re dead set on doing it go ahead but don’t do it for the purpose of increasing your score because the opposite will be done.

Keep it simple

Don’t get in over your head with the credit cards that you have. Definitely don’t get more than 1 or 2 cards because then they may overwhelm you. Use them for their intended purpose and you won’t find yourself in deep water.



Source by Nancy Lowes

Don’t Risk It, Get the Protection and Security You Need With Travel Insurance

Let’s face it, getting travel insurance can be a very overwhelming and tedious process, making it easy to put off and even forget entirely. But before you head off on your international adventure, you might want to consider getting coverage through some travel insurance, just to be on the safe side.

With some luck, you’ll be glad it’s something you have and won’t need to use. But we all know that in life things happen, so it’s a good idea to find a travel insurance policy that fits your individual needs, travel agenda, and budget. Many travel agents and private companies offer travel insurance, and they have a wide variety of types and options to choice from.

What does Travel Insurance cover?

Basic coverage of travel insurance includes some financial losses while traveling, as well as limited medical expenses, including medical evacuation. The most common type of travel insurance is trip cancellation or trip delay insurance. This type of policy covers you and your travel companions in case you need to cancel, interrupt or delay your trip. However, the acceptable reasons for canceling or interrupting your trip will depend on the insurance policy, but most likely you’ll be covered for the following reasons:

o Sudden business conflicts

o Change of mind

o Delay in processing your visa or passport

o Illness or injury

o Weather related issues

In case your flight is canceled or delayed, travel insurance companies may provide additional coverage such as expenses that the airlines won’t cover, like taxi fares to the hotel or meals during your wait at the airport.

It’s also a good idea to have a plan with medical coverage of up to $1,000,000 in the case you become ill, need medical assistance, or have a flight accident occur. It’s also good to review the amount deductible by your insurance plan (this is the amount you’ll need to come up with before the insurance company picks of the rest). Make sure it covers repatriation (evacuation to your home country, rather than the nearest regional medical facility); make sure that does not mean you will be sent to the country where you purchased your travel insurance plan either, but your home country. If you’re planning a visit to multiple countries, make sure all the countries are included in the region covered by your insurance policy.

To learn more about these types of coverage and more specialized coverage, read The Basics of Travel Insurance.

To invest or not? How to make travel insurance work for me.

Purchasing travel insurance is great for insuring your money, should any unforeseen events pop-up, especially if you invest large sums of money on extravagant travel packages. To determine whether you want to invest in travel insurance your not, ask yourself these questions:

o Did you invest a lot of money into your travel plans?

o Are you traveling overseas?

o Which regions or countries are you visiting and for how long?

o Are you planning on participating in any extreme sports?

o Can you afford the cost of your trip back home if any emergency arises?

o Will you be able to afford medical care if you or someone you are with gets sick and needs immediate medical attention?

o How old are you and how is your overall health?

o Do you have any pre-existing conditions that need regular, special attention?

You can purchase your travel insurance for a single trip, multi-trip, or with an annual policy, all depending on how frequently you travel and the length of your trip. Comprehensive travel insurance can cost anywhere from 4% to 8% of the cost of your trip, depending on type of coverage, the length of the trip, the destination, and the age of the travelers. It is best to purchase your travel insurance between 7 to 21 days of purchasing your travel itinerary. Usually the maximum coverage period for insurance providers is for one year abroad.

Go through the fine print on your policy and check whether you will have to pay on the spot and redeem the money later for any medical expenses, or will the insurance company pay providers directly. If you have to claim it later on, you will want to hang on to all documents.

If you have a pre-existing medical condition, get an insurance policy that will specifically cover it. Also examine which adventure sports and activities the plan does and does not cover (rarely does it include scuba diving and hang gliding). Lastly, for your benefit, a policy that is flexible and can be extended while you’re already away is recommended. You never know whom you’ll meet, and you just might want to extend your trip.

Another good tip would be to get in touch with your credit card issuer before investing in travel insurance. At http://www.creditcards.com/, a credit card information site, suggests calling your credit card issuer to see if you have any free travel benefits that you may not be aware of, for example, insurance on lost or damaged luggage. However, according to USTIA, canceling a trip at the last minute and being reimbursed by your credit card company is the most common misconceptions among travelers. And sometimes credit card companies have limitations on only cover up to 3 months of travel. It’s worth investigating.

Lastly, if you have existing health coverage, it would be wise to get in touch with them before hand, especially if you will need vaccinations and other medicine for your trip. Depending on your health insurance plan, ask for a ‘travel packet’ and they will send you important information regarding your coverage, if any, while abroad. It might turn out you might already be covered for somethings, but not for others.

Where can I purchase Travel Insurance?

There are many sites and companies offering travel insurance online. Among them are leading companies such as World Nomads, Travel Guard, and InsureMyTrip, just to name a few. A new online resource called Squaremouth, helps travelers easily and instantly compare all the major travel insurance plans at one site. You’ll be able to get immediate quotes from several major, reputable travel insurance providers and compare policies and their prices. It’s a good starting point and one that you can trust.

Helpful Tips for once you’ve purchased your Travel Insurance:

o Scan your insurance policy electronically and save it somewhere securely online

o Make one copy for yourself to bring on your trip

o Make another copy for a trusted family member to keep at home

o Have the emergency hotline number accessible during your trip, but make sure you try it out before leaving home to ensure its operating and correct

o List out any medications you are taking (including vaccinations for your trip), and a list of allergies you have; keep this with your insurance emergency number

o Keep all receipts at home

o Review all the fine print in your insurance policy and determine which adventures you will be taking and which risks might not be worth it

Finally, get ready for a trip of a lifetime! Hopefully you’ll avoid ever using your insurance plan, but it will give you and your loved ones more security knowing you’re protected.



Source by Meghana Kamdar

Would Having Cars That Drive Themselves Be a Good or Bad Idea?

Ever wondered whether you would always like to have control over your car or have it completely automated so that it drives itself? Would that be a good idea? Let’s dive into the discussion. Read on to find out.

Having a car completely automated would mean it will act as a robot in response to sensors and other activators. Would you like to give full control to your car and let it decide everything? Are you comfortable with the idea?

As for me, I am not. I would at least like to have control over my car via remote controls or something similar.

If my car drove itself, I wouldn’t be fully aware if it is responding correctly to sensors and activators all the time. I wouldn’t be aware of any problems it is facing until some damage or accident happens. So I am unwilling to take the risk especially if I am on a ride with my family.

What if a fully automated car could give me warning signs? The problem still exists in that whether I am able to fix the problem myself or even trace a gas station nearby. Again I am unwilling to take the risk and would like to have some control over my car.

It would be nice, on the other hand, to let all the burden of driving to my car itself. I would just have to give the instructions to the car and it would take me to my desired destination(s). It would be fun going on rides like that with friends and family as well but the pressure and worry would still be there at the back of my mind about the risks I have talked about earlier. So which type of car would you prefer?

Judging the pros and cons of having a car that drives itself, I have to conclude that it is not that great an idea. It is always great to let the glasses down and my hair down, be seated in the driver’s seat, look for traffic signals and carefully drive the car myself. I would like to have power over my beautiful car and actually drive it and enjoy.

Better still, a fully automated car should have the option of giving its control over to the owner of the car on the road so that he is able to guide it and actually drive it when things go astray. Having this option as well gives the owners of cars that drive themselves some level of relief, protection and safety.

What would be your opinion on this? Would you opt for a fully automated or partially automated version of your car? Think about it and I think you will agree with me.



Source by Rosina S Khan

7 Scenarios Wherein a Car Insurance Claim Might Get Rejected

Car insurance is a mandatory investment as the law. Therefore, a large number of car owners opt to pay a premium for a car insurance policy to safeguard their cars against a possible collision. However despite this, a majority of their claims are rejected by companies. This is because people are unaware or rather ignorant to the intricacies related to car insurance. Therefore, a major chunk of car insurance claims are rejected. To stop this from happening, let’s go through a list of reasons where a car insurance claim might get rejected:

1. Intimating your insurer late or not at all: Please be informed that your claim is destined to be rejected if you fail to inform your insurance provider in the stipulated timeframe. On an average, you should update your insurance company within 48 to 72 hours from the time of accident or collision.

2. Driving under the influence of alcohol or any other drug: This one is a no-brainer but still most people are negligent about it. If you are driving when you have consumed alcohol not only are you breaking the law, but even your insurance company will refuse to cover in case of an accident.

3. If your car is being used for commercial purposes: If you have a private car and it is being used for any commercial use such as being used to carry goods or passengers than your car insurance provider can reject your claim. This is because there are different policies for Private car and commercial vehicle policies.

4. If you drive without a valid license: In case you or anyone driving your car is driving valid license and face an accident then your coverage becomes null and void. Therefore, ensure you renew your license on time.

5. Starting the repairs before inspection by insurer: When you intimate your insurer about the collision or accident, a surveyor will visit you to inspect the condition of the car and authenticate your claim. Without this inspection, the insurance company will be unable to trace the degree of the repairs and estimate the cost involved. Therefore, your claim is bound to be rejected.

6. Failing to transfer the policy from the previous owner: There is going to be some verification during the claim process. In case, the car insurance policy is not in your name then your insurer has the right to refuse your claim.

7. An Electrical or Mechanical Breakdown: In case your car is damaged without any external collision due to some electrical or mechanical breakdown then you are not covered by your car insurance policy. In this case, you will have to shell out some money from your own pocket.

Next time be more careful of all these reasons and ensure you make maximum utilization of your car insurance policy.



Source by Pranavi Jain