You run a service business and you want to protect it effectively with indemnity insurance. There are many important decisions which you have to make as a buyer. One of them is how much coverage to buy. You should base your calculations on the following important factors.

Financial Performance and Wealth

The indemnity insurance amount which you buy must correspond to the revenue and profit of your company and to its total asset wealth. The more profitable and wealthier your business is the higher the claimed compensation amounts will be. Hence, you have to be adequately prepared.

It is best if you use the financial statements of your company for the past five years to determine the optimal cover amount for you. If you are starting a new venture, you should get a cover amount which corresponds to the average compensation claim amount for your industry. The value of your company's assets must be considered as well.

Service Nature and Price

You have to base your choice of indemnity insurance amount on the nature of your service as well. Services related to human health such as medical and pharmacy services are associated with higher risk and this should be considered when a cover amount is selected. Similarly, services which involve a risk of large financial losses for the client such as accounting and financial advisory services will require more coverage.

The insurance amount should correspond to the price of the service as well. This is because the client will always take into account how much he has paid for the service when making a claim for compensation. The providers of more expensive services need larger cover amounts.

Client Base

You have to take into account the types of clients that you work with. You have to evaluate the risk of a claim being made against your business. If you provide services to clients in traditionally more vulnerable groups such as children, seniors and individuals with disabilities, you will benefit from a larger cover amount.

You have to consider the income and wealth of your clients as well. Wealthier individuals and companies have the ability to hire top lawyers, who are capable of winning larger compensation amounts in the court of law. In such cases, you have to have sufficient cover amount in order to pay and safeguard your business.

In order to come up with the optimal indemnity insurance amount, you need to do precise analysis and calculations. You should not hesitate to get expert help with this.

Article Source: http://EzineArticles.com/8651644

The fact that you run a small mobile business does not mean that you have little to lose if disaster strikes. You can lose your business assets and revenue and possibly personal assets as well. The best way in which you can protect yourself and your company is to get covered with business insurance. Here is some practical advice on how to get the best possible protection.

Cover your assets on different locations.

Since you move around from place to place, you have to ensure that your business insurance covers your commercial assets including equipment and supplies wherever they may be. They must be covered when they are transported in your vehicle and when they are set on the premises of your clients. Additionally, if you work high above the ground on scaffolds, for instance, you have to ensure that your items will be covered at any height.

Get appropriate liability cover.

You need public liability cover as part of your business insurance package. It will pay compensation to members of the public in case you or an employee of yours is found responsible for causing property damage or bodily injury to the respective third party. Most mobile businesses offer services. If this is the case with your venture, you will need indemnity insurance which will protect you in case of negligence, error or omission. If you offer tangible products, you will need product liability cover.

Invest in commercial auto insurance.

Even if you use your personal vehicle in your business, it must get commercial auto cover. This is because in this case the personal cover will not be valid and you can get into serious financial trouble. It is best if you cover not only your liability as a vehicle owner. You will certainly benefit from covering your vehicle for collision damage, theft and common perils since it is an essential asset for running your business.

Protect your cash flow as well.

It is a common misconception that business interruption insurance is suitable only for big companies which have enough money to spend on coverage. This cover is designed to protect your cash flow in case a disaster strikes and you are no longer able to operate. You will get enough money to pay suppliers and creditors and to restore your operations.

Finally, you must buy enough business insurance to protect your venture effectively. Take into account your revenue and assets and the level of risk which you bear to determine the optimal cover amount.

Article Source: http://EzineArticles.com/8661332

You run a small home-based business and you are happy with the revenue which you earn. Unfortunately, all this can go away in just a few seconds due to a natural disaster or a claim from a client. That is why you require protection. The best way to get it is to buy business insurance. Use some practical tips on how to shield your venture in the most effective way.

Cover all of your business assets.

The equipment and materials which you use for commercial purposes are not covered by your home insurance. You need to protect them with business insurance. Prepare a list of all assets which you use from your computer to the furniture. It is best if you get a comprehensive policy which covers your assets in case of a wide range of perils. If you have a limited budget in the beginning, however, you can protect them against the most common perils like theft and fire and then upgrade your cover.

Protect your revenue.

If your equipment gets damaged due to a peril, you will get compensated for its loss. However, you will still not be able to work and earn revenue for a certain period of time. In this situation, you may not have sufficient cash to pay any creditors, leasers and suppliers. You may lose some clients as well. If you have business interruption cover, your cash flow will be protected. The insurer will help you with making all payments and with the recovery of your commercial operations. For example, you can get money for renting equipment which will enable you to keep working until you can buy new one.

Consider getting liability insurance.

If you have clients visiting your home office or you work on the premises of clients regularly or from time to time, you will benefit from getting public liability cover as part of your business insurance package. If you produce tangible products, you will need product liability cover. If your company offers services like most home-based businesses, you should definitely get protected with indemnity insurance also known as professional liability cover.

Insure any business vehicles in an appropriate way.

If you use your private car or any other privately owned vehicle for commercial purposes, you need to get commercial auto cover. This is because an individual policy will not be valid for such vehicles. It is best if you get a comprehensive commercial auto cover which protects your vehicle against collision damage and various perils as well.

Finally, you should compare quotes from different companies to pick the best business insurance policy for you.

Article Source: http://EzineArticles.com/8661338

The primary financial goal of every business is to keep costs down while increasing revenue. Given this, the purchase of public liability insurance may seem to be just an extra expense which does not bring sufficient benefit. However, this is not the case. The reality is that this type of cover can protect your revenue and assets in a highly effective way. Find out everything which you need to know about it in order to make the right decision.

What It Does

The purpose of public liability insurance is to provide protection in case of claims for compensation made against your business my members of the public. The typical policy covers bodily injury and property damage. It is also possible to get extensions which provide for more comprehensive coverage. For instance, you can get your company insured for defamation, libel and slander. Basically, the policy is designed to cover you in case of issues which may arise due to the interaction of your company with the general public.

How It Protects You

There are several ways in which a public liability insurance policy will protect your business. It covers you for accidents which can occur on your business premises. For instance, if a visitor to your office slips on a wet floor and get injured or breaks his luxury watch, you will be able to use the policy to pay compensation.

If you provide mobile services or services on the premises of clients, you will be effectively protected as well. If you run a plumbing service business, for example, and you or one of your professional technicians accidentally breaks a valuable object in a client's house, the policy will kick in to protect your revenue and assets.

Service business owners must know that their professional liability cover cannot be used in situations like the one described here. This is because it provides protection only in case of negligence, error or omission affecting the quality of the provided service. In the above example, if the plumber makes an error while providing pipe repair and the pipe starts leaking again and causes damage, the professional insurance will be used.

Making a Choice

It is important that you buy public liability insurance if you have direct interactions with members of the public as part of your business operations. Typically, the cost of owning such a policy is not particularly high while the benefit is substantial. You will get perfectly effective and reliable protection with a policy which has few restrictions and limitations and comes with a sufficiently large cover amount. Shop around to find the best deal for you.

Article Source: http://EzineArticles.com/8661365

You would want to protect your business in the most effective possible way with the use of liability insurance. For this, you need to make several important choices. One of them is how much cover to buy. The following information and advice will help you with making this major decision.

You would want to protect your business in the most effective possible way with the use of liability insurance. For this, you need to make several important choices. One of them is how much cover to buy. The following information and advice will help you with making this major decision.

Cover Amount Basics

You should have a clear idea of the limits set on the liability insurance amount. There is a typically limit per occurrence. It sets the maximum amount which can be used for settling the claim or claims related to a single accident. There is also an aggregate or period limit. It defines the maximum amount which the policy can pay out during the respective insurance period, which is typically one year.

Additionally, you must check whether the cost of the legal assistance which you will get as part of the policy is wrapped into the total cover amount. If this is the case, you will have less money available for settling claims. You must take this limitation into account, if it is applicable to your policy.

Risk Assessment

The liability insurance amount which you buy must correspond to the risk of a liability claim against your company. In order to assess the risk level, you need to take into account the nature of your product or service, the clients which you have and the claim statistics for your industry as a whole. If you sell cutting tools for garden maintenance or provide financial advisory services, for example, you face a higher risk. Similarly, if you work with clients such as children or seniors, the likelihood of an accident is also greater. At the same time, you can take measures for risk reduction such as providing safety training to employees.

Revenue and Wealth Assessment

When a claim is made, the claimant always takes into account the ability of the defendant to pay in order to determine the size of the demanded compensation. Wealthier companies typically have to pay more. That is why it is essential for your liability cover amount to match the revenue and wealth of your company. In this way, you will get the most effective protection.

Budgeting

You should definitely set up a budget to have a precise idea of how much you can spend on a liability policy. You should try to get the maximum possible cover amount for the money which you can spend through comparison shopping. You have to confirm that you will not remain underinsured.

Last, but not least, you should definitely consider using expert help when determining the optimal liability insurance amount for your business.

Article Source: http://EzineArticles.com/8661371

Who are some of the biggest providers and brands of commercial auto insurance? Take a look at some of the biggest names to know, and some of the different types of commercial auto insurance which is available.

Does your business utilize a car, van or truck for any reason? What you may not realize is that commercial auto insurance is a necessity for a huge range of different businesses, even ones who don't realize it at first. You don't have to be in the trucking or transportation industry to need this kind of protection. With that said, as you begin to search for the right type of coverage, it's important to know where to turn and who to work with.

Many of the biggest names in the world of individual consumer insurance also provide commercial auto and commercial trucking insurance. That includes the big boys of the insurance world, companies with names that everyone recognizes, such as Geico, Progressive, Nationwide and All State. Many businesses immediately flock to these big providers because they recognize the brand name, and have a level of comfort and trust with them.

Just as with regular consumer insurance for your car or home though, there are also many smaller providers, including localized providers that may serve only one state or region. The benefit to going with one of these companies is typically the level of service you receive, or perhaps a very specialized form of coverage which is a great match for what you're doing. You may sacrifice some of the cost savings though you receive with bigger brands, as the small guys just can't compete with that scale of pricing.

For commercial auto insurance, there are also specialized providers who deal with very narrow and unique types of coverage which other companies may not offer. For example, owners operator insurance may not be offered by every company which offers a more generic commercial auto insurance plan.

You may have to look a bit harder to find a company which offers a really smart type of plan for your refrigerated truck, for instance, or for your log hauling vehicle. If you're a local delivery or service company, you may also want to think about a local provider, so they're as familiar with your turf as you are, and the unique demands you face.

The most important aspect of choosing from all of the best commercial auto insurance companies is to find the type of coverage or plan which is as closely aligned to your business, what you do, how you do it, and what you drive, as possible. From there, look for a great price, and a company with a solid reputation so you know you can depend on them.

Ultimately, there are many different brands and companies to choose from. Just make sure you protect yourself, your investment and your company with the right kind of commercial auto insurance before you need it and it's too late.

Article Source: http://EzineArticles.com/8684268

How should you choose between different types of commercial auto insurance? It all comes down to what your business does, and how your business does it.

As a business owner in any industry, protecting yourself and your business with the correct form of insurance is always crucially important. You must do everything that you can to guard against unforeseen circumstances before they occur, so they are unfortunate but never disastrous or ruinous for your company. Additionally, having the correct form of insurance may also be a requirement for your industry or profession.

When it comes to commercial auto insurance, how exactly can you find the right type of coverage? As always, this boils down to what your business does, including the goods you may be transporting or the services you may be providing, how your business does it, and what type of vehicle your business utilizes to fulfill that objective.

Along those lines, there are several broad classifications which will provide a good starting point. For example, one of the more common types of commercial auto insurance is owner operator insurance, sometimes abbreviated as OOIDA. This is specifically designed for individuals who are owner operators in the trucking industry, and provide for-hire transport services.

Many businesses utilize a regular car for simple purposes and end up needing commercial auto insurance in addition to personal auto coverage. For example, a realtor may drive clients from the office to various houses around town. Commercial auto insurance is needed here. Or perhaps you make deliveries of food or other goods. You need commercial auto here, too.

You might also be utilizing a business van for local deliveries of flowers, packages or newspapers, or anything else, or perhaps you give customers rides to and from your location in a van. Once again, you need commercial auto here too, although there are special policies specifically designed for company vans.

Another classification is commercial auto insurance for the construction and contracting industry. Whether you're the project manager and you simply are driving your car to the job-site, or you're hauling materials and equipment utilizing a van, truck, pickup, flatbed truck, or anything else, this is another specific type of coverage which is available.

There is also specialty business vehicle insurance. Specialty vehicles are those which don't fit easily into other broad categories, such as semi-trucks, 18 wheelers, pickup trucks or vans. Here, you'll find refrigerated trucks, log haulers, automobile haulers, tow trucks, wreckers, dump trucks, garbage trucks and waste haulers, and more. These all apply very specifically to certain types of vehicles, and in turn, certain types of businesses and services.

Of course, the list goes on from here. The most important thing you always have to do is find as specific a policy and coverage as possible. The good news is, there's an absolutely massive range of different coverage types and plans, so that's almost always fairly easily accomplished.

Article Source: http://EzineArticles.com/8684274

Make sure your toys and your loved ones are protected this summer. As you get out the boat, RV, ATV and motorcycle, it's important that you have the right insurance coverage for your property and your family.

With the weather turning warm, people everywhere are breaking out their favorite summer "toys," including recreational vehicles (RVs), boats, motorcycles and all-terrain vehicles (ATVs).

Unfortunately, you can't assume that your part-time vehicles are properly insured under an existing auto and/or homeowners' insurance policy. And rather than simply tacking these substantial investments onto another policy, it's best to look into policies designed specifically for each.

RV Insurance

Insurance coverage for RVs such as travel trailers, motor homes, fifth wheels, and truck campers offer protection that ordinary auto insurance doesn't offer. Here are a few reasons to consider RV insurance in addition to your auto insurance policy:

Roadside Assistance: Even if your auto policy covers some roadside expenses, it may not cover towing that big, heavy RV - leaving you to pay the bill.

Financial Protection: Insurers that offer RV coverage often have claims representatives who know how to look for damage specific to RVs, including specialized RV parts like awnings, slide-out stairs and appliances.

Personal Property Protection: Your "home away from home" probably houses things you wouldn't keep in your car such as camcorders, laptops and jewelry, which may not be covered under an auto policy.

Protect Your Investment: RVs are expensive! It's best to carry "full replacement cost coverage" to ensure payment in full if the vehicle is irreparable, rather than reimbursement based on current market value.

Boat Insurance

Don't assume that your shiny new boat is covered under your homeowners' policy. A boat is, for all intents and purposes, a moving vehicle. As such, you need coverage similar to an auto policy, including protection for:

Bodily injury that your boat inflicts on others.

Property damage your boat inflicts on docks and other boats.

Physical damage to your boat, should you hit something or run aground.

You'll also want to consider comprehensive coverage against theft, vandalism, fire and flooding; personal property coverage for fishing gear and other items; uninsured boater insurance (like uninsured motorist insurance) and even "boatside assistance" in case you need a tow.

Motorcycle Insurance

Motorcycle insurance is essential - and like car insurance, can vary in price depending on the type of bike you ride. In other words, insuring a high-performance sport bike usually costs more than covering a lower-powered bike, scooter or moped.

The components of a comprehensive motorcycle policy are also similar to auto coverage, including collision insurance (to cover damage to your bike resulting from an accident), comprehensive coverage, bodily injury liability coverage, property damage liability coverage, uninsured motorist insurance, and roadside assistance.

Article Source: http://EzineArticles.com/7104614

Florida FR44 insurance with a motorcycle policy is affordable and easy to obtain. This makes license reinstatement a little less stressful for DUI drivers. Anyone can easily make this very costly and aggravating mistake as very little alcohol will breech the threshold for conviction. Utilizing a motorcycle policy for a Florida FR44 filing instead of a car or truck policy will cost far less and make qualifying easier for DUI drivers.

Different rules affecting motorcycle insurance in Florida are often overlooked by DUI drivers and insurance agents. First of all, this type of policy can be used to secure the FR44 filing with the Florida Bureau of Financial Responsibility. Furthermore, State mandated Personal Injury Protection (PIP) coverage is not required for vehicles with less than four wheels. These rulings greatly decrease the cost and make qualifying for a motorcycle policy easier. This is a practical and lower cost method to comply with a Florida FR44 filing and is often welcomed news for convicted drivers.

Florida No-Fault law regulates mandatory PIP insurance coverage for cars and trucks, while exempting motorcycles. These benefits extend to relatives and household residents, and are payable in a wide array of circumstances without regard to fault. Naturally, claims occur frequently, however, rampant fraud and abuse brings a torrent of illegitimate and overstated PIP claims. In response, companies require applicants of car and truck policies to disclose all residents and vehicles in their household for review. They are scrutinized for eligibility and rate calculation. A motorcycle insurance policy, being exempt, avoids the underwriting hassle and inflated expense of Florida No-Fault altogether.

The amount you pay for a motorcycle policy depends on the type of bike, your age, place of residence, driving history, credit history, and type of coverage. Many insurance companies assign surcharge points for DUI in the same way as with a major speed or at fault accident causing only a modest rate increase. The administrative cost to add a filing is just $15.00. However, Florida FR44 insurance requires elevated liability limits of 100/300/50 causing a big rate hike to anyone accustomed to maintaining the usual State minimum of 10/20/10. Motorcycles inflict less damage than cars or trucks in an accident and therefore liability coverage cost less for them. A motorcycle policy will decrease or eliminate any rate increase a driver would pay to elevate their liability on a car or truck policy.

When looking for motorcycle insurance you can easily get free quotes online or over the phone in just a few minutes. Talking to a licensed and experienced insurance agent or other qualified expert about coverage, tailored to you, is a good idea. You should only get quotes from insurance companies that are reputable, so check their rankings at organizations like A.M. Best and Standard and Poor. In order to complete a fair and thorough comparison secure three to five quotes and always give the same exact information to each company. Before choosing, contact the Florida Office of Insurance Regulation or the Florida Department of Financial Services to make sure the company is authorized and has limited complaints on file.

The elimination of PIP along with lower liability rates and easier qualifying makes a Florida motorcycle insurance policy a sensible choice for DUI drivers. Some companies will decline DUI applicants and others may cancel policies' of existing clients. On the other hand, there are many that compete vigorously for new policies with FR44 filings. A smart shopper can easily secure affordable Florida FR44 insurance, especially with a motorcycle policy.

Article Source: http://EzineArticles.com/7357333

Choosing the right ATV insurance can be difficult. There are many different aspects to consider before purchasing your ATV insurance.

For owners of ATVs, getting ATV insurance is the single most important thing you can do. While many people feel that an insurance policy for their ATV is unnecessary, it can save you money and offer you protection in many differing ways. ATV insurance is essential, even if you plan on keeping your ATV off road. Follow these tips for choosing the right ATV insurance.

An ATV coverage policy provides protection in the event of bodily injury occurring while riding the ATV. This, alone, is reason to have an insurance policy on your ATV. Injuries are pretty common on ATVs, as they can be dangerous. For this reason, you will want to be certain that you are protected in any case of injury. Once an injury occurs, medical costs can increase by the day. If not covered properly by insurance, you may wind up paying thousands of dollars out of pocket because of an ATV injury.

Another area of coverage in an ATV policy is property damage. If you have ever driven an ATV, you know how easy it is to lose control. Because of this, you could easily damage another person's property by running into a fence, wall, landscaping, a parked car, etc. It would be a relief to know that you had insurance to cover any damage inflicted by you to another person's property.

For those proud, attentive owners who keep their ATVs safe and snug under an ATV cover, insurance coverage is still a good idea. This is because you could have some sort of accident in which your ATV becomes damaged, or even totaled. Rather than having to use thousands of dollars to replace your ATV, it is much more sensible to pay the small amount required for an ATV coverage policy. Then, you will be able to enjoy your ATV worry free.

Most importantly, liability would be an imperative part of an ATV insurance policy. With liability coverage, any accidental damage done to another person while riding your ATV would be covered. This includes their medical bills due to the injury as well as other costs that could occur. These costs could include loss of wages, if the person is unable to work due to the injury, pain and suffering payment, along with their medical costs. Any costs as a result of the accident could be covered under this section of a policy. Liability insurance can be applied whether driving off-road or on the road.

Article Source: http://EzineArticles.com/7396180

If you own a motorcycle, securing a good insurance for you and your bike shouldn't be taken for granted. And take note, these are only a few of the many insurances that you can choose from. But let's start with the basics: there is third party insurance, classic and old vehicle insurance, and the comprehensive motorcycle insurance.

If you own a motorcycle, securing a good insurance for you and your bike shouldn't be taken for granted. And take note, these are only a few of the many insurances that you can choose from. But let's start with the basics: there is third party insurance, classic and old vehicle insurance, and the comprehensive motorcycle insurance.

Third Party Insurance (property insurance) - This type of motorcycle insurance only covers the person or persons you have caused damage and their property or vehicle. It does not cover your insurance as well as your motorcycle.

If you are ACT registered, it is mandatory to provide third party insurance for people and property that you might damage while driving your bike.

Classic Insurance:

 Avail this type of insurance if you have a motorbike that is not less than a decade old. This is ideal for bike owners who only use their motorcycle occasionally like a hobby or club.

Comprehensive Insurance:

A comprehensive insurance offers overall coverage for you. That includes covering the damage you might cause to other people's property or vehicle, and covering your bike insurance as well. You can also avail any of these insurance if you own a scooter.

Most of the time riders tend to have the comprehensive type of insurance. You can choose any amount of coverage you like. It all depends on your preferences and the money you can shell out for your protection.

Comprehensive insurance coverage:

Most probably, the company where you got registered will pay the cost in relation to the accident. This includes but is not limited to; repairing properties and your own bike, offering you a payout based on the market value and the price you have agreed on for your motorcycle. It offers protective policy for other costs, it will also cover the expenses of replacing or repairing locks.

The liability that the comprehensive motorcycle insurance package offers will include a wide coverage for both you and the people involved in the accident. Included are the following:

.  Cost of damages and payouts

.  Legal costs

.  Cost to your employer

.  Wage lost

.  Medical cost

Not only accidents, comprehensive plan cover other forms of property damage such as thefts, limited replacement of parts when it needs one, towing and even natural disasters.

The only drawback is that, most insurance companies will not honor your insurance if the accident or the damage happened outside of the country. They will not cover for mechanical failure as well.

Article Source: http://EzineArticles.com/7439886

If you own a motorcycle, one of your biggest expenses related to the vehicle would be the insurance. Whether your vehicle is a scooter or a high-end sports bike, you need to get the best possible insurance policy, one which meets your requirements while offering the lowest possible premium. If you are looking for motorcycle insurance, you would want maximum protection at minimum cost.

If you own a motorcycle, one of your biggest expenses related to the vehicle would be the insurance. Whether your vehicle is a scooter or a high-end sports bike, you need to get the best possible insurance policy, one which meets your requirements while offering the lowest possible premium.

If you are looking for motorcycle insurance, you would want maximum protection at minimum cost. Here are a number of factors which determine the cost of your insurance.

Personal Details

When it comes to insurance, age is the most commonly considered factor. Male riders under the age of 25 are generally considered most likely to file an insurance claim and hence attract larger premiums. Female and older riders are considered safer, and the premium is generally lower. The nature of your job might also play a part in determining the premium.

Residential Area

Where you live plays a huge role in determining your premium. Traditionally, people living in urban areas face a higher risk of theft and are more liable to getting their vehicle damaged as well. Therefore, people living in urban zones attract a higher premium than persons living in a rural area.

Type of bike

The vehicle that you own can greatly affect your premium. The insurance for an expensive bike will be more due to the higher costs involved in fixing or replacing a part. Same is the case for bikes which can achieve high speeds and older motorcycles for which finding parts may be difficult. If you have a classic bike, it would be advisable to choose an insurer who specializes in such products.

Other users

Adding an alternative rider for the bike could affect the overall cost of insurance. An experienced motorist would decrease your premium while adding a younger individual, like a teenager, would mean higher costs.

Usage of the bike

If you ride your bike often, there is a higher risk of you being involved in an accident. Motorcycles that are used for daily commute have significantly greater risk than one that is used occasionally. Moreover, if you live in an area with large amount of traffic, your insurance charges could be high.

Security measures

A bike is much more open than a car, and is in greater danger of being stolen as well. The mount of security measures implemented in your vehicle is very important. Installing an alarm, GPS tracking equipment etc. would considerably lower your rates. Parking your vehicle in a secure location would help as well. Some insurers might even recommend a specific anti-theft device to their customers.

Type of insurance

There are different types of insurance like third party, comprehensive, etc. which provides varying levels of coverage. The type of policy that you opt for is very important. Third party policies will be much cheaper than the ones which offer more complete coverage.

Each insurance company has its own way of calculating insurance premiums. Most companies look at these points along with other factors like your driving skills, number of bikes insured, etc. Always remember to consult all possible options before choosing an insurer for your motorcycle.

Article Source: http://EzineArticles.com/7715399

Get insurance tips for riding your motorcycle in the cool Autumn months. Are you fully covered?

It's been a hot summer! Too hot to enjoy a carefree afternoon on the open road with your motorcycle. As you prep your bike for cooler autumn rides, it's a good time to confirm that you're getting the most out of your motorcycle insurance to make sure your bike stays in roadworthy condition. Read over these tips to ensure your motorcycle coverage is riding in your favor:

Verify that your coverage is current: Though it sounds obvious, it's a good practice to double check the expiration date of your policy before beginning a period of heavy riding. Be aware that some insurers have layaway periods during the changing seasons in which coverage might be restricted. If you like to ride in the cooler months, check with your insurer to see if your policy contains similar limitations.

Keep your policy up-to-date: Inform your insurer of any changes such as additional riders, a change of address, or a new bike purchase. A quick call will take care of these instances.

Cover custom parts and equipment: If you've installed chrome plating or given your bike a custom paint job, it's likely that the value of your motorcycle will increase. Be sure to add these upgrades to your policy to ensure complete coverage in the event of theft or a collision.

Drop unnecessary coverage: Older bikes may not need as much coverage as you're currently paying for. It's recommended that you consider eliminating collision coverage if that premium equates to ten percent of your motorcycle's market value. In this case, it may be cheaper to pay for repairs out-of-pocket in the event of an accident than to continue paying the monthly collision premium.

Raise your deductible: By raising your deductible to the maximum amount you can afford if filing a claim, your premiums will decrease and you can save money every month.

Check for discounts: Call your independent insurance agent to ask if you are eligible for any discounts that may be available. Remember that prices can vary widely between companies. Your agent can shop around for you and review quote comparisons to ensure that you're getting the best deal.

Motorcycle insurance specialization: Some insurers specialize in motorcycle insurance. These companies understand your particular needs and offer specialized coverage designed for motorcyclists and their bikes. Ask your independent agent if one of these insurers is a good match for you.

With the appropriate policy in place, you can rest assured that you and your bike are safe to enjoy those long autumn rides. Visit us at our website for a free quote on Oklahoma motorcycle insurance today!

Article Source: http://EzineArticles.com/8019418

There are changes from Progressive insurance company aimed at offering even more competitive rates for motorcycle and recreational vehicle policies. The smartest buyer, searching for the best value, will compare quotes from more than just one company and through more than just one distribution channel. Progressive is always inventing ways to keep prices low and enhance their customers' experience.

There are changes from Progressive insurance company aimed at offering even more competitive rates for motorcycle and recreational vehicle policies. The Company's successful pricing strategy that promotes savings and flexibility for personal auto insurance will be utilized for bikes, boats and RV's. Naturally, exact details of how rate quotes are determined for any policy are a well-kept secret, but Progressive strives to offer competitive prices to all customers, no matter how they choose to purchase insurance. Recently when asked "Why now for motorcycles and recreational vehicles?" the response was "Progressive has always priced our policies based on our costs. Over the past several years, we've seen diverging loss costs across channels and our prices will now reflect those cost differences. Our objective is to sell the most accurately (competitively) priced boat, motorcycle and RV insurance when, where and how customers want to buy."

Progressive encourages consumers to purchase their products anyway they like. Progressive insurance quotes online, by telephone, or in person, either directly from the company or through an authorized Progressive agent, are easy to get. The smartest buyer, searching for the best value, will compare quotes from more than just one company and through more than just one distribution channel. People often think rates are automatically higher from an independent agent because of sales commissions, but this is simply not true. Customer service, marketing, and other tasks performed by the agent replace work done by company employees and this reduces cost. Progressive takes everything into consideration and prices accordingly, with no penalty for how, when, and where a consumer buys a policy and this keeps rates very competitive. Customer service and claims departments are the same for everyone.

Progressive is always inventing ways to keep prices low and enhance their customers' experience. Some of the more familiar ones utilized for personal auto policies, like snapshot, price check tool, and showing competitors' rates, are "cutting edge" and very consumer friendly. Vehicle enthusiasts may want to get a quote right now for insurance on their special "baby" and stay tuned for many more positive changes that are sure to come from Progressive. No doubt some changes will come with a lot of fanfare and advertising, and others will not. Keep in mind that Progressive authorized agents can be a valuable resource of information and may be able to quote you the lowest possible rate. Independent agents typically offer Progressive enthusiastically but also have the flexibility to quote, and place insurance with a variety of companies.

Article Source: http://EzineArticles.com/8039632

If you love to embrace the open roads on your motorcycle, then it is likely you would want to protect it from being stolen, or written off. If the unfortunate did happen, then protecting your motorcycle with Gap Insurance could help to ensure that you do not end up financially out of pocket. With motorcycles depreciating over time and your motor insurance only offering a valuation based on what your bike is worth on the day it is stolen or declared a total loss, it really is important to protect your finances.

Purchasing Gap Insurance for your motorcycle could be one of the cleverest things that you ever buy. Not many people realise that motor insurance is not the be all and end all and if you love embracing the open roads on your motorcycle, you are exposed to accidents. Motorcycles are also unfortunately a lot easier than cars to steal and so they are constantly at risk from thieves. If you were ever in the unfortunate event of having your motorcycle written off or stolen, then your motor insurance would only ever grant you with the amount your motorcycle is worth on this day. Due to depreciation, which starts as soon as you drive your bike away from the showroom, this motor insurance valuation is likely to be a significant amount less than the amount you originally paid.

This is exactly where shortfall Insurance comes in for you and your motorcycle.

Depending on which type of Gap Insurance you opt for, you can either, along with your motor insurance valuation, clear any outstanding finance you may have on an agreement, protect the invoice price that you paid for your motorcycle, or gain the amount necessary to be able to purchase another motorcycle, the same standard, specification, mileage etc as yours originally was.

Finance Shortfall Insurance for your motorcycle?

This type of protection will quite simply pay the difference between your motor insurance valuation on the day your bike is written off or stolen and clear any outstanding finance you may have on an agreement. This leaves you in the same position as you were before you acquired your motorcycle. It would certainly not be ideal, after going through the ordeal of an accident or being the subject of vehicle theft, to then have to find money to repay a finance company, who legally are able to demand any outstanding payments within 28 days. This will leave you to walk away with no financial liability.

Return to Invoice Gap Insurance for your motorcycle?

Return to Invoice Gap cover, along with your motor insurance valuation, will return you back to the original invoice price that you paid for your bike. For example, if you paid £8,000, three years later your bike was stolen and was now worth £4,000, then Return to Invoice Gap Insurance would top up this valuation with the £4,000 necessary to take you back to the original invoice price. This leaves you able to clear any outstanding finance if necessary and able to look around for a new bike and focus on the more important things like gaining your confidence back.

Vehicle Replacement Gap Insurance for your motorcycle?

As you are more than likely aware, motorcycles are constantly changing and with your favourite manufacturer's constantly improving specifications to rival their competitors, it is almost a certainty that costs are going to increase. Therefore if your bike is stolen or is written off, just gaining your original invoice price back may not be enough for you to be able to purchase the same standard of motorcycle again. Vehicle Replacement Gap Insurance will top up your motor insurance valuation with the amount necessary to be able to purchase the same standard of vehicle again, same age, mileage etc, as yours originally was. You are now able to clear any outstanding finance if necessary and do with your funds what you see fit, whether that is to purchase the same motorcycle again, or something completely different altogether.

With some online providers offering prices up to 90 % less than main dealerships is worth taking the risk of not having Gap Insurance. Shortfall cover could literally save you thousands of pounds if the worst was to happen and can take the financial strain off your shoulders, so instead you are left with choices and not worrying about how you are going to repay your finance company, or purchase a new bike. Call today and speak to a professional and efficient adviser who can offer advise on the smallest query or help you with which Gap Insurance is right for you and your situation.

Jackie Verdier Sales Director at Aequitas Automotive Limited

Article Source: http://EzineArticles.com/7996273

An RV insurance policy is not quite different from other types of policies. The main difference is the array of uses, models, and liabilities that are specific to RVs. The different types of recreational vehicles from pop-up campers, toy haulers, and truck campers, can make choosing the right policy a bit confusing. In addition, the different activities, risks, and liabilities for owning this kind of vehicle could also make choosing a policy even more stressful. This article discusses the most common mistakes that owners make when buying RV insurance.

Mistake 1: Assuming that a car insurance is enough

As an RV owner, you need to understand that this automobile is more than just a big car. It is a specialized vehicle that needs a different kind of policy and coverage. For one, it needs a coverage that also accommodates the personal belongings stored inside it. The policy should also include discounts that reflect when and where you will drive the vehicle, as well as the services it needs. With that said, you need to make sure that the policy will have the right coverage suited for a specialized automobile.

Mistake 2: Choosing Insufficient RV Liability Insurance Coverage

Liability coverage protects you in case an unfortunate incident occurs, such as theft, vandalism, fire, which may damage your vehicle. Choosing insufficient liability coverage may result in huge financial losses, especially since medical expenses and loss wages can quickly exceed the limit of the coverage. For this reason, you need to choose one that reflects your financial situation. Avoid blindly following the state-required minimums.

Mistake 3: Buying The Policy With The Lowest Price

Although you are trying to save money, avoid buying the lowest price available. You need to understand that a reliable and specialized RV insurance is very important. You should compare the features and services on top of the prices.

Mistake 4: Ignoring Potential Discounts

There are a lot of things that can reduce your premium. The built-in premium savings and the discounts can help you in that area. Here are some of the discounts you may be eligible for:

Combine coverage for insuring your RV and other automobiles on the same policy or carrier.

Renting a storage unit which allows you to suspend the coverages you don't need when you're not using your RV.

Installing safety and security features on your vehicle

Having a safe and clean driving record.

To avail these discounts, you need to consult with an agent. Take advantage of these discounts to enjoy more savings.

Article Source: http://EzineArticles.com/8178359