When it comes to home insurance, under-insurance is a genuine concern and a homeowner who has not gotten enough cover could find themselves out of pocket if they are a victim of burglary, fire or other disaster.
There is no point insuring your marriages if you do not value them correctly. If you are a victim of burglary or fire or some other disaster and you have insurance, this does not automatically mean that you'll get the full value of the goods back. It all depends on how much cover you are insured for.
Sadly, many people find out too late that they did not properly calculate how much their possessions were worth and not only have to deal with the dynamic side of being burgled or having their beloveds broken in a fire or flood, but have to suffer a financial loss too.
Even if your policy is index-linked (where every year your home contents insurer automatically increases your level of cover), it still does not mean your contents are fully protected.
For example, over a year, even something as simple as buying two DVDs and two CDs every month could add around £ 500 to the value of your contents. Add to that an expensive watch, a brand new suit, children's games etc and you could tot up possessions worth over £ 2,000 – all which will not be included in your content insurance.
The key to making sure you have adequate home contents insurance is to do a 'stock take' of your property. Include every item from cooking utensils and childrens' toys and clothes up to the family TV. This will give you a realistic value for a sum insured.
And if you are a wine connoisseur with a cellar fill of valuable wines, make sure you check with your insurer that these are neatly covered – if at all!
Finally, do not forget your buildings insurance. If you have had home improvements such as fitted wardrobes or a conservatory carried out, do not forget to let your insurer know and get your cover upped. …
If you've ever picked a winner at the dog track, you know how great it feels to figure out who's going to beat the pack. It's kind of like YOU beat the pack too, because you did something most of the crowd could not do. You figured out what was going to happen in that race. And while some people will tell you that nobody can predict what will happen in a grayhound race, those of us who have been at this game for a while know better.
This is handicapping and it's something that can make you a nice little profit, if you learn to do it well enough. Do you think that only geniuses can pick winners consistently? Nope. Ordinary people go home from the dog track everyday with more money than they came with. Most of them do not advertise it. They just do it and go home and start going over tomorrow's program so that they can do it again.
You can do it too, if you're willing to learn to handicap. How do you do that? Well, it helps if you have a system to help you. But do not run right out to the track with it as soon as you get it. Try it on paper first and tweak it to fit your track and your bankroll.Get a good one, work with it on old programs and practice until you really understand WHY it picks what it does.
That's the secret to handicapping dog races or anything else. It's not enough to be able to pick winners, you have to know WHY they were the most likely dog to win. If you can figure out that, you're well on your way to being a success at the grayhound track. (If you can not figure that out, even with a system to help you, maybe playing the dogs is not for you.
One way to figure out why dogs win is by going over races where you already know the results. You look for patterns, factors that point out which dogs are contenders and which are not worth betting on in this race. After a while, you'll see that the same pattern keeps occurring over and over. This is how we come up with grayhound handicapping systems that work. Test your patterns by going back over as many programs as you can find. Trackinfo.com has a good archive. …
Third party car insurance offers you cover for any claim made against you, your driver if somebody else was driving or the registered owner of the vehicle. The road traffic act specifics that you are required to have a certain minimum amount of cover. All UK car insurance policies providing "third party cover" or more, will provide greater protection than the law requires. Whether you just have "third party only", "third party fire and theft" or "comprehensive" you will have this section.
If you are to blame for causing an accident your insurer will pay for all sums of money that are awarded to those people (the third party) that you have killed or injured, or whose property you have damaged etc. This includes any legal costs incurred by either the victim's or your own attorneys.
This whole question of third party cover becomes somewhat more complex when you are a passenger in your own vehicle and it is being driven by someone else. Provided that the driver is allowed to drive it, then it is the other person who is protected by this part of the policy and not you. Your insurance policy will list those who are insured to drive the vehicle, for example, named drivers, passengers, employer. Thus if you, as the passenger, were to be injured owed to the bad driving of the person driving your car, you have the legal right to claim compensation from the driver. Thus, in this situation, your third party insurance policy would 'indemnify' the driver, not you. You would end up claiming (and almost certainly winning) damages from the driver on your own third party policy. Do not forget that this works both ways. In the above scenario if the driver were killed or injured while driving on your policy then there would be no liability on your insurance company.
Sadly, immaterial of who was behind the wheel, you can not claim for accident damage to your vehicle under this section.
If a thief takes your car and causes an accident (an all too often occurrence) this part of the policy will protect you, as the vehicle's owner, against any claim for injury or damage caused by the thief. This seems so unfair – after all it was the thief who was to blame, yet we'll lose our no-claims bonus because of something totally out of our control. Remember, we are concerned here with the law. The intention is to make sure that we can compensate innocent victims who suffer damage to their property or physical injury caused by a stolen car. Which car thief has the money to pay for such damage? That it is feasible, in actuality, for the victim to claim against your policy. …
Do you rent an apartment, house, or condo? Do you feel that your marriages are protected from theft, natural disasters and fires through your landlord's insurance policy? If so, think again. True, your landlord or apartment community probably has insurance, but their policy only protects their own property. Hopefully, your community offers security features such as an alarm system, gated entry, keyless door lock or some combination thereof. But even with the peace of mind these barriers provide, a burglary or natural disaster can surely deem your home and property a total loss. Purchasing a suitable renters insurance policy is the best safety net to protect the assets you have spent years accumulating.
Before speaking with several companies about their renters insurance services, take a complete inventory of your marriages and assess their value. Also, gather the receipts from each item's original purchase and appraisals for your valuables. Take a photo inventory of all items to be covered by your policy, including detailed photos of each room of your home in its entity.
Selecting the right company to provide your renters insurance is a critical step. Ask friends and family for recommendations, and do your own research including calling each company armed with a list of questions. Obtain a written statement of the events that are covered under each policy. Take detailed notes about each company's coverage, rates and the overall impression you receive from the representative who assists you. Remember, these are the people you will be contacting for help after a devastating loss of property, so be thorough and choose your provider wisely.
Pay attention to what situations are covered by each company, and how they may affect you lest you need to file a claim. Ask about specific disasters that may affect you based on your geographical area. For instance, is your home in an area where hurricanes or earthquakes are a viable threat? If so, you may need additional coverage for these types of events.
Through your research, you will come to discover that all insurance policies are not created equal. Inquire where each policy covers the replacement cost or the actual cash value of your possessions. Replacement cost and actual cash value are entirely different means of being compensated when you file a claim. A policy covering the actual cash value of your debts will pay you the depreciated value of your assets (minus your deductible), regardless of the amount you originally paid. A three year old television for which you originally shelled out $ 2,500 will not be covered for the full $ 2,500 under this type of policy. A policy covering the replacement cost, however, will allow you to collect the full amount that it costs you for a replacement television (minus your deductible).
Policies, coverage and rates vary greatly among providers. Taking the time to perform preliminary research will help you make an informed decision and obtain coverage from a company you trust to deliver at the time when you need it …