Tuesday 7 April 2015

Accident Insurance domestic passengers

04:20
0 comments

SUBJECTS TO BE INSURED

Subjects covered the lives and health of passengers transported on public transport for state business license to transport passengers.

PARTICIPANTS INSURANCE

Organizations, businesses passenger transport by means such as: auto shift, buses, trains, planes, boats, ships, ferries, cable cars.

Insurance premiums are included in the fare paid and the passenger transport unit shall have separate part from the premium paid for the cost to insurers. The insured or the legal heirs of the insured will receive insurance payments from insurers if passengers are injured or killed by accident in the transport journey.

This includes coverage of the accident:

Accidents caused by collisions, dump car, car fire, flood, lightning, or assault others can damage the kidneys insured, occur:

During the journey began when the insured to transport from place to go and finish the specified location stated in the certificate replacement tickets or tickets

When the vehicle pauses along the way to refuel, to break the insured person or by incidents along the way

The physical damage of the insured person are not the responsibility of insurance

The subjects not covered by the insurance operations include:

Staff Escort parcels, staff units of passenger transport missions on the means of transport that

Drivers, car parts on the transport of passengers.

These exclusions, insurers are not responsible for compensation:

There are intentional acts that violate the rules and regulations of traffic safety and order.

There are actions injure themselves or commit suicide.

Use of alcohol, drugs and other similar substances.

There illness or accident occurs after the insured voluntarily terminated before the journey to the place indicated on the ticket or certificate replacement tickets.

Six Car Insurance Experience Savings

04:11
0 comments

When deciding to buy insurance for the car, everyone wants to be resolved quickly and compensated fairly, be modified car in the garage and replaced reputation of genuine spare parts. However, to get these things, learning and consider carefully before signing to buy the type of car insurance is essential. This article, sharing the experience to help you choose the type of insurance in accordance with the value of each car and car insurance best savings.

I. TYPES OF AUTOMOBILE INSURANCE

Professional insurance of motor vehicles is 5 common form of insurance. Car is defined as a motor vehicle should be able to participate in four forms of motor vehicle insurance including compulsory insurance of civil liability of motor vehicle owners (BH required); Insurance and physical damage motor vehicle; Compulsory insurance of civil liability of vehicle owners for freight car; Accident Insurance driver, vehicle and passengers. In particular, civil liability insurance of motor vehicle owners is that all forms of individual or entity owning car insurance required by law to Vietnam, three other types of insurance to voluntarily purchase separate contractual agreement with the insurance company.

II. TYPE SHOULD BUY INSURANCE AUTOMOTIVE voluntary?

1. Select the type of insurance purchased appropriate value car line

You should be based on financial viability, environmental movement, but his often decide the coverage is broad or narrow. Often the majority of car owners, in addition to compulsory insurance will buy voluntary insurance physical damage and car body shell, rarely concerned with the type of voluntary insurance other

Series cars have an average value should buy insurance and submerged hull (A water) ... ..

Luxury car (usually over 1 billion) in addition to insurance and submerged hull (A water) should buy insurance stolen parts

If you choose to buy a new car insurance product has committed compensate completely new car if the total loss occurred (75% or more)

Vehicles have time to use relatively long (over 4 years) should be selected terms replace new parts, genuine and should also accept the higher deductible to lower premiums.

2. The terms of the insurance contract should keep in mind when deciding to buy insurance

The most important part of the insurance terms as "coverage" and "Exclusions", most of the insurance companies that listed specific cases of insured and liability exclusions responsibility, not insurance. "Exclusions" The less that is wider coverage, the insurance even more profitable. Three other provisions should be noted:

Terms of replacement parts, replace entirely new or old parts relatively positive, genuine parts .

Terms of flooding

Terms choose which car repair

Some customers often do not pay close attention to the conditions of the terms such as overdue registration, improper use vehicle registration purposes, when an accident driving without appropriate license, insurance lack of insurance needs ... Therefore, to avoid negligence may cause disadvantage to you later, you need to study carefully the items in the contract and consider expanding coverage.

Many people choose to buy insurance from relatives or acquaintances do the insurance companies, which often does not work when the incident occurred, especially when it was off, remember that you are signing contract with the insurance company, not an individual. Where only heard counselors say without reading, to ascertain the terms of the contract, as well as understand the rules and procedures of insurance. Advice is not so, this will make you pay high fees that the incident did not get the insurance services as desired.

Upon the occurrence of any incident, you should immediately notify the insurance company representatives, officers insurance required to make a record field, absolutely avoid the notices of violation of the rules of insurance

III. HOW TO BUY INSURANCE AUTOMOTIVE save

1. Select a high deductible (deductible)

The level of deductible is the amount that the client share the risk with insurance companies in each case losses. For example, with a deductible of 2 million VND, the customer will pay for loss or damage under 2 million VND. If the loss of 70 million VND, customers still pay 2 million VND and the insurance company will pay the remaining 68 million VND.

Normally in Vietnam, the deductible is 200,000 VND. If you increase one million VND, you can save 24-30% premiums.If you increase the deductible is 5,000,000 VND can save up to 50% premium. When choosing a deductible plan, you have to drive very carefully because most of the scratches on the body will not be compensated. In fact, when customers choose the deductible will tend to drive carefully, safer to save repair costs as well as limiting the claim for losses small. Therefore, it is also a way to save the cost of buying insurance, and enjoy lower premiums continue to contract in the following year

2. Learn more insurance companies, compare the benefits of the product together

Buy insurance for the same car, but if customers learn nine different insurance companies may be received nine different premiums. The reason for this difference related to coverage, level of responsibility, the right choice of garage repair, rescue services free of charge and shall share the cost of the customer when the incident in the forms as depreciation or a deductible.

Besides, the difference in time and claim settlement procedures may also affect premiums, settling compensation than 2-3 days late can cost you more money savings from premiums. You do not rush just looking at the cost to, not necessarily the cheapest cost savings will most need to learn more conscious of issues such as:

Financial capability and reputation of insurers in the market

The procedure for resolving the incident with complex, require many papers ... ..

The level of premium coverage than you really reasonable

Network repair garage (garage genuine special): Place where repair is a very important issue to the insured shall be entitled to choose where the repairs take on contract terms. Should choose the insurance companies have relationships with reputable garaga, responsible dressing was shoddy or non-genuine items being repaired. Garage should be selected in a convenient location for your commute. The level of cooperation between the garage and the insurance company that issues should be noted. You have to work with the insurance company about the procedure records indemnity, if garaga support process applications will help you avoid many times as redundancy procedures

24/24 Rescue Service was, when was the rescue?, Limited distance rescue? .

Staff resolve compensation professional, dedicated ..

Process standardization of compensation for the time frame yet? .

3. Should insurance purchasing group or combination

If you join the family insurance: accident insurance, health insurance .., car insurance. So buy the same insurance company, might get a slight discount. Or, if possible, to participate in the long-term insurance may pay the fee in advance for the next 2 or 3 years to enjoy more preferential rates.

Combined with friends, co nghiep..dang insurance needs, regrouped and buying groups to be more preferential rates.

Buy through insurance brokers or insurance intermediary. Because the broker is usually packed with more customers to buy the same time to negotiate an insurance program with the insurance company with extremely preferential prices.Usually that will help you save 20-30% premium.

4. Keep the car carefully, saving the cost to re-purchase the following times

To encourage customers to protect themselves assets, insurance companies have reduced insurance policy renewals from 10% to 30% if the customer does not have any claim in the previous year. Therefore, careful to preserve the car is not only good for the insurance companies, but also for your own benefit

Some people may think that you have to buy insurance and then let out for the insurance company and very careless driving. This will not only endanger the lives and property of their own and others, but also that they have to pay higher premiums or refuse to renew the contract. If you have many demands in solving the following year compensation premiums may be insurance companies higher adjusted risk ratio for your high than others. If so, I moved through the insurance company's others?. This does not change anything, because you will be asked to declare the registration form to purchase insurance. If you do not report properly to worse for violating the principle of insurance is absolutely honest, the latter claim settlement related to this issue you will absolutely drowning reasons. Be truthful information when declaring insured!

Factors Involves To Set Premium Car Insurance

03:52
0 comments

Once you decide to buy a new insurance package, you need to know the factors that insurance companies use to determine how much your car insurance.

Usually we are too attached to package your car insurance, or we simply just too lazy to buy a new insurance package. And the complacency could cause us to lose money.

Index Shopping recent car insurance company's credit rating TransUnion found that only 15% of the money was to compare motor insurance companies to buy a new car insurance in the last year.

JD Power data also confirm these results. Company researchers have noted retention rate car insurance package in the industry up to 90%, and research needs car insurance in 2013 by the company showed that only 23% of customers buy car insurance for 12 months, the lowest rate in six years.

All the above data shows that most of the drivers could be paying too much for your car insurance package. Once you decide to buy a new insurance package, you need to know the factors that insurance companies use to determine the tariff for you.

10 factors that insurance companies use to set the premium car

1. The type of insurance and car insurance you need more or less

Go buy car insurance can cause boredom, almost all experts assess how insurance shopping online is the way the first choice to reduce your premiums.

According to a report by comScore 2013 US Online Auto Insurance, car insurance online is the most popular way to search for a new insurance policy package, with 67% of respondents said that they found a quotes over the internet.

The insurance company valuation various risks, therefore, can have a very big difference in the price premium. That is why the experts recommend that you get premium quotes from multiple insurance companies as possible, and should turn your computer into a useful tool to help you reduce fees insurance to pay. Computers will help you find the insurance of insurance companies quickly, easily and at a time convenient for you.

You should see the market price at least once per year

Penny Gusner analyst consumers, recommend that you purchase insurance at least once a year. "But before each renewal contract period (every six months), you should regularly quotes to make sure you always have the cheapest insurance premiums."

It is especially important to buy insurance if a penalty ticket or a motor vehicle accident cases are removed from your profile. "This will make you more attractive to many insurance companies," said Gusner. Changes in life is also a reason to buy a new insurance. The married, adding a new drive or move into a new neighborhood, can provide a lower premium.

Before you turn on the computer and start collecting quotes, you should define the limits of the insurance policy for his ideals. The minimum insurance limits will vary by state, but often is not enough to protect you most certainly.

Recommendations for the deductible and the amount of insurance

Gusner recommended, select the insurance package formula 100/300/50 in the area of responsibility, which is $ 100,000 per person, $ 300,000 per accident for liability related to the body and $ 50,000 liability for property damage.This is the compensation for bodily injury and property damage that others suffer in case you cause an accident for them.

You will also need collision insurance and comprehensive insurance if you want your car to be repaired after being knocked to another car or damaged by fire, vandalized, and have an animal or natural causes, such as hail.Comprehensive coverage also reimburse you for the value of the car, after subtracting deductions, in case the vehicle is stolen.

Please do not forget to take deductions. "While 500 USD is a popular option, you can still save money on your fees if you choose a higher deductible, such as $ 1,000," Gusner advice.

Deductions are applicable to the claim by the collision and comprehensive complaints.

2. The number of credit points

According to research firm Conning & Co., about 92% of insurance companies use your credit information as a factor to determine the fee, therefore, an index based insurance scores on an index Low credit score will increase your premium (unless you live in California, Hawaii or Massachusetts, the state does not allow to apply this calculation).

All are provided on risk issues. The study showed that people with bad credit tend to filing a claim more and more.Despite the increased costs can vary, believe that you will not pay more than 20% to 50% if you have a bad credit record.

3. Type of vehicle

Category of vehicle you are driving will impact on the cost price of your car insurance. The insurance company will be added to the declaration requires you to record types and models. As a result, if there are many more young drivers often cause accidents with vehicle type and model you are using, the fee you pay may be higher. You should have registered vehicle identification number (VIN) on hand when you want to buy a new insurance package.

4. The method used car

How you use the car also affect the premium. When you use your vehicle for business service, even a little work part-time as delivering pizza, you also need to notice this. If not, most likely the insurance company will refuse to pay if you have an accident during delivery.

If you have to travel long distances or frequent driving after midnight, believe that fees may apply to you a little bit higher.

5. The driver has a valid license

Make a list of everyone who holds a valid driver in your household, whether they have your driver or not. Ignoring someone among them could lead to the insurance company refused to pay or cancel the contract if the driver is not included in this list involved in a crash. As soon as your child has a valid driver's license, you must give their name to the list of your insurance contract.

Generally, there are two exceptions to the rule "list all those who have a valid driver's license in the family", when your child is still living with you who are old enough and have your own car, and your parents live with you, but they have their own car.

6. Profile driver

Your driving record says that you are a driver risks like. A pile driving record with penalty ticket or accident is an alarm for any insurance company.

The insurance company will check your driving record when you apply for insurance, and check once more, when you want to renew the contract. Believe that things will improve in violation fee you must pay within 3 to 5 years.

Hide this fact when purchasing insurance declaration, which is a bad idea. Gusner warning: "If you provide incorrect information on the application for the declaration of insurance, and the insurance company discovers this, the premium will be recalculated, or you may Companies cancel the sale of insurance for you ".

How to use your car to the significant impact of car insurance costs

7. History of the claim and the insurance earlier

Accidents and tickets are not the only thing to do harm to charge your car insurance; the compensation claims are also likely to affect the premium. While claims by foul will result in an additional fee increase (or the higher insurance premiums) and comprehensive general complaints will not increase the cost, the number of times you still have complaints may bring negative consequences.

Once you've made a number of claims for compensation, for any content, with your insurance company in a short period of time, such as three complaints occur within three years, please believe that your premiums will be higher.Main large number of complaints will make you be judged as a higher risk capabilities, and increase your insurance premiums for at least 2 years to 3 years.

Proof of insurance verifying shows you've purchased insurance before the insurance package offered to buy new, is that the insurance companies will require you to provide. In most states, driving without car insurance is illegal, so the period of availability without insurance will make the insurance companies doubts.

8. Date of Birth / Age

Age also affects the cost of your car insurance, especially if you're young or old in the year. Statistics from the Insurance Institute for Highway Safety (IIHS), the rate of fatal accidents caused by the teenage driver is three times more than drivers over the age of 20.

On the other end of the ruler of age, older drivers tend to be more involved in the accident. CDC statistics show that the rate of fatal accidents increased from car crash at age 75 and at age 80 hikes.

9. Marital Status

Statistics show that married driving-related car accident less and less penalty than single people. In some cases, insurance companies will even reduce premiums for drivers under 25 years of age if they are married. Combined or pooled insurance policy with your spouse can also lower your insurance premium down.

10. Address

Where you live (and parking) will have a direct impact to the cost of your car insurance. The insurance company can about the area you are living longer than your complete. They study the crime rate, density living in the area, the number of complaints compensation occurs every year, and even the weather has occurred, to assess the level of risk to your the present.