Older Drivers Using Driving Gadgets Get Affordable Insurance Premium

Mar 17, 2011 Posted Under: Car Insurance Online  

The drivers over 50s use driving gadgets to improve personal safety and ensure safe driving experience. The gadgets that keep a check on their speed help them to drive within speed limits. The other car gadgets help the drivers in maintaining their car as they set an alarm if the air in tyre is less or engine oil is ticking out. The more maintained your car will be, more fuel-efficient and safe it will be to drive.

The old drivers tend to improve their skills behind the wheel by installing driving gadgets in their vehicle. The safety gadgets help the old drivers to avoid leaving any expensive personal possession in the car like laptop, mobile by the safety gadget alarm.

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New Zealand earthquake puts home insurance in spotlight

Mar 3, 2011 Posted Under: Insurance Quotes  

The earthquake that struck New Zealand’s South Island this week could bring insurance costs upwards of $8 billion USD, according to Air Worldwide.

The 6.3 magnitude earthquake, which struck near Christchurch, offers a start reminder of U.S. vulnerability to such disasters, says the Insurance Information Institute (I.I.I.).

In the U.S., increasing urban development in seismically active areas, the vulnerability of older buildings, and the fact that the majority of U.S. homeowners do not have earthquake insurance could all add up to a very costly future earthquake, according to the I.I.I.

Standard home insurance policies in the U.S. do not cover earthquakes Nor do standard business insurance policies. H

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Google backs weather insurance startup

Mar 3, 2011 Posted Under: Insurance Quotes  

Google on Monday was among investors  pumping $42 million into a climate change inspired technology startup that  calculates the chances of crops being ruined by weather.

WeatherBill launched Total Weather Insurance in 2010 as a way for US  farmers to protect themselves against being devastated by weather, which the  US Department of Agriculture blamed for 90 percent of crop losses last year.

“The flip flop of weather from one year to the next is the biggest  challenge farmers face,” said Steve Wolters, a farmer who grows corn, soybean  and wheat in the US state of Ohio.    “It makes sense to me to take advantage of WeatherBill’s automated weather  insurance programs that pinpoint the weather conditions expected to affect my  land and pay me if they happen.”

WeatherBill continuously aggregates weather data and runs large-scale  weather simulations on its computers.

The automated system lets farmers or others customize insurance policies to  the amount of rain or seasonal temperatures they need for fields to flourish.  Policies are paid out if the weather doesn’t measure up to specified standards.

Those taking part in the startup’s second round of funding with Google  Ventures included Khosla Ventures, First Round Capital, Index Ventures, and  Allen & Company. Total investment in the compa

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Big Brother vehicle telematics can deliver cheaper car insurance premiums

Mar 1, 2011 Posted Under: Car Insurance Online  

The car insurance industry is highly competitive and it is a constant battle to deliver affordable insurance products whilst also focusing on risk. More and more insurers are looking at vehicle and insurance telematics as a way to better evaluate risks – and are rewarding those drivers who drive safely in an effort to avoid incurring claims risks.

We have discussed on the car insurance blog the terms Pay As You Drive, Usage based insurance etc. W

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How to Determine the Coverage of a Business Liability Insurance Policy

Feb 28, 2011 Posted Under: Insurance Quotes  

Business liability insurance can protect all kinds of companies and businesses in most kinds of unfortunate and unexpected incidents which could results to financial loss. Because of its importance, you need to make sure as a business owner, that you have the right amount of coverage so that you can be protected from the common risks which during your regular operations. To help you out in determining the amount of coverage of your business liability insurance policy and whether or not it is adequate for your company.

1. First, you need to verify if your equipment, furniture, computers, buildings and office space which are used by the business have insurance against fire and other natural disasters. Read more…

Gender discrimination for pension annuities and motor insurance premiums

Feb 26, 2011 Posted Under: Insurance Quotes  

Millions of men approaching retirement could be left thousands of pounds worse off if a European court rules on 1 March that insurance companies can no longer use gender to calculate annuity rates and insurance premiums.

Young women drivers will also be hit hard if “gender discrimination” is ruled illegal. An Association of British Insurers research paper claims some under-25s may face motor insurance increases of between 50% and 60% almost overnight – which could translate into an extra £500-£1,000 a year.

Many in the UK insurance industry believe it is likely the European court of justice (ECJ) will ban insurers from taking a person’s sex into account when setting premiums. Such a ru

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Motorist can save around £270 every year on car insurance renewal

Feb 25, 2011 Posted Under: Car Insurance Online  

The loyalty of car insurance owners does not pay out while renewing the car insurance policy from the existing insurer. The insurance owners are wasting around £270 every year on the car insurance as they stick to their current provider.

Research says that around 6.3 million of the drivers like to renew their car insurance policy from the current insurance policy provider. The insurance owners wish to get cheap policy but unable to shop around so end up in renewing from the existing provider.

Around 11% of the car insurance owners renew their insurance policy from the same provider as they think that they cannot get a good deal as compared to the existing one.

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