How to Buy Affordable Car Insurance Plans

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If you have a vehicle you must have insurance. Insurance for cars comes in two flavors. One is third party liability insurance that is mandatory under law. The second is optional comprehensive car insurance cover. It is advisable in your interest to have comprehensive and third party liability cover. There are over a dozen companies offering car insurance plans and not all are the same so one must proceed with care when you think of buying car insurance.

Third Party Insurance

The rates are more or less fixed for premiums for third party insurance. IRDAI fixes the rates and the rates change every year. If you want to save on costs then you have to look for an insurance company that offers two or three year insurance cover. If you buy third party cover for 2 or 3 years with one time premium payment then you protect yourself against rate increases that always happen each year. Do not go for the first insurance company you come across. Check online and find out which insurance company has a better claim settlement ratio before buying car insurance.

Comprehensive Cover

Comprehensive car insurance is necessary. Third party insurance only keeps you protected against third party claims if you are involved in an accident. It does not take care of damages to your car or injuries you may sustain. This is why, though comprehensive car insurance is optional, you should get it. It will protect you in case you sustain injuries or if your car gets damaged. If your car is lost or stolen, then you get reimbursement as per the IDV comprehensive car insurance policy, to compensate to a major extent towards the cost of a new car. Over a dozen companies offer comprehensive car insurance and some claim to offer the cheapest cover. However, it may not be the best. The problem with insurance is that there are always exclusions. Therefore, one must be thorough before one decides on a particular insurance company. This is how to go about getting affordable insurance for cars.

Compare Online

You can visit each insurance company website and check the rates, the inclusions and the exclusions. This is a time consuming matter. You can go through an insurance aggregator website where you enter a few details and you get a list of offers of different companies. You can then fine tune your selection and check the insurance company’s inclusions and exclusions as well as services.

Cheap is not the Best

Some companies may apparently offer lower premiums, but for plans like these, the coverage may also be less exhaustive. They may not offer roadside assistance or may not have arrangements with garages for cashless repairs or provision to supply alternate car if your vehicle breaks down or even offer towing assistance. The list of exclusions may be long and what you are left with is practically of little use. Furthermore, such insurance companies may have a poor record of settling claims

Go Online, not through Agents

One way to save on the premium and get affordable car insurance is to purchase car insurance online. If you go through an agent you have to pay the agent’s commission.

Insurance Premium Varies as per the Size of the Car

Smaller and affordably priced cars with smaller engine capacity carry lower rates of premium. Buy a small family car and you pay less for the initial premium on new cars, which is charged based on the invoice value of the car. The same goes for the relatively bigger cars where the insurance premium is comparatively higher.

Premiums are lower in Smaller Cities

If you live in a metro city, then you will pay a higher amount of premium for insurance. In comparison, if you happen to reside in a Tier-II city, the car insurance premium will be much more affordable.

Deductibles

Some insurance companies will offer the option to go in for voluntary deductibles which means you insure the car for less than its value and pay a correspondingly lower premium but with a higher risk. If you are involved in an accident then you bear higher cost of repairs. If you drive safe and live in an area where accidents are not common, you can opt for this method and get affordable car cover.

Add-ons

Car comprehensive insurance comes with a lot of exclusions that exclude plastics, rubber, electrical, accessories and even engine. In order to get these covered by insurance you have to choose add-ons that will increase premium amount. That said, never undermine and exclude the importance of add-on covers in terms of the coverage they provide, just for the sake of lowering your premium.

Another way to pay less premium amount for car insurance is to buy a used car in good condition. Insurance is considered on the depreciated value and street value of the particular model and by opting for a second hand or used car at a lower price you also pay a lower premium and save on insurance costs.

Consider value of services that insurance companies offer such as roadside assistance, towing, cashless repair, fast claims processing, alternate vehicle provision are a few factors that should also be factored in.

If you already have insurance and have not filed a claim in the preceding year, you get a no claim bonus (NCB), regardless of whether you continue with the same company or switch to another insurer for the next year which has the provision for NCB transfer.

In these days of high traffic, irresponsible driving and high cost of repairs as well as medical treatments, it is in your interest to keep yourself fully covered. Get the most affordable insurance by keeping the foregoing in mind and doing a bit of smart shopping around.

Flying free or strings attached…what security system will you choose?

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Family is the home base of all of our lives. Everything revolves around those who we love and are so strongly bonded to. And above all, we want them to be safe and secure. There’s an innate need in all of us for survival. No one wants that survival to be a hazardous journey. That’s why home security systems are so popular and vital.

Home security systems are increasingly essential, what with the world turning upside-down and the crime rate going through the roof. Due to the ever-increasing demand for hassle free installation and more affordable systems, the technology is going through rapid advancements. Manufacturers are trying to develop such systems which require less work and money to install.

There are two basic types of security systems available: wireless and wired. Both have their advantages and disadvantages, which we will discuss in this post.

Wired Security Systems

Reliability is the name of the game. Wired systems rely on wiring, not sensors. Communication through sensors can become tricky because they need radio frequency to work. That means they are subject to proper weather and temperature conditions. Wired systems, on the other hand, depend on wires, and are more reliable in power outages and rainstorms. The only upkeep needed for such a system is of the wires that are used. Proper checking and tracking of wires and transmission lines is required for more efficient performance.

The maintenance is uncomplicated once the system has been installed the security system. You don’t have to worry about the system collapsing on you due to uncharged batteries.

A wired system is capable of handling large spaces. This basically means that wired equipment has a range covering all areas where you can find wires. One system can support an entire building.

There is also less fear of being manipulated by hackers. A direct physical connection is necessary for accessing a wired security setup. As such, alarm systems are favored by professionals and other business owners because of their security and accuracy. Another reason is that such systems have more built-in features, like high-definition video and audio recordings.

The catch to a wired system is that it is more expensive. It also needs more work and concentrated efforts, as sensitive equipment is involved. If there are no wires present inside the walls or under the floor, the cost can become even more exorbitant.

Even though these systems may ultimately be more reliable, burglars can disarm the alarms by simply cutting the phone lines outside the house. Wired systems also cannot change places. Most companies won’t reinstall systems if the customer moves to a different house.

Wireless Security Systems

The ease and flexibility offered by wireless systems make them a popular choice among many. Wireless systems are fairly easy to install. There are no cables involved, thus the associated costs decrease significantly. On top of that, wireless devices can easily fit in with your home décor, unlike wires, which need to be managed properly.

Your service providers can easily find problems with the security system in a wireless network. In a larger cable network, identifying a problem within a system could get quite difficult, as individual cables need to be checked for damage.

Outdoor security devices within a wireless system prove to be even more convenient, as there are no cables involved that could easily get damaged by inclement weather or animals. Outdoor home security cameras can operate seamlessly, and will require less maintenance than ones integrated into a wired system.

If you intend to change the location of your devices, the process can be easy and seamless with a wireless security system. You don’t have to take care of wires or worry about how to move them around the house, which can be quite frustrating, especially if you want to use certain security gadgets on a different floor on the house.

A major drawback for wireless systems is that they are easier to manipulate. A number of external devices can be connected to a wireless system, meaning that talented hackers might be able to access your wireless security network routers.

Another downside of wireless security systems is that most, if not all of the wireless gadgets in your security network require batteries to operate. That means you need to be constantly aware of the battery life associated with each individual device.

In short, both types of systems have pros and cons. Choosing one over the other usually depends on your personal requirements and preferences. Wireless systems are getting more and more popular, probably because we are entering the age of wireless connectivity. But at the same time, the dependability of a wired system cannot be denied.

Know now the differences between Advertising and Marketing

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The first step to begin to understand what Marketing means is to understand that this is a word that comes from the English language, although it is intrinsic to the world culture.

In English, market means market and marketing can be translated as marketing, a study of the causes, objectives and results that are generated through the different ways in which each consumer acts in the market. It mainly addresses the overall process of a particular company or brand inducing the purchase, sale and exchange of services, products or ideas.

Philip Kotler , one of the most renowned experts in the field, summarizes this way: “Marketing is the science and art of exploring, creating and delivering value to meet the needs of a profitable target market. Marketing identifies unmet needs and desires. It defines, measures, and quantifies the size of the identified market and the potential for profit. It points out which segments the company is best able to serve and designs and promotes the right products and services. ”

According to the UK Travel Agency , the definition of the term is as follows: “Marketing is an activity that integrates a set of institutions and processes to create, communicate, deliver and exchange offers that have value to consumers, customers, partners and society in general.”

Essential Differences Between Advertising and Marketing

That is, Marketing is a series of strategies, techniques and practices that have the main objective of adding value to brands or products in order to assign greater importance to a specific target audience: consumers.

But anyone who thinks that Marketing is just about selling something is wrong, because the whole concept extends into everything that involves this process: production, logistics, marketing and after-sales of the product / service.

Already Advertising refers only to the act or effect of making known a product or set of products by encouraging its consumption. It can be understood as the art of persuading, persuading and seducing directly. It is simultaneously a communicative process that usually disseminates information through different means, such as television, radio, the internet, and the written press (newspapers and magazines), but also through corporate media such as business cards, flyers, billboards, exhibition counters, among many other types of advertising.

The Advertising and the consumer are undeniably related, and this relationship a vicious cycle based on the fact that the consumer is vulnerable. Advertisers are playing more and more with the instincts of the audience they intend to influence, taking into account their characteristics and making use of persuasive elements (music, colors, textures, formats).

The advertising is governed by certain principles, principles which state that certain forms of advertising are prohibited or not. These principles are: Unlawfulness + Identity + Truthfulness + Respect for the rights of the consumer.

About Author:

Author of this content is a great blogger Yousuf A. Raza who loves guest blogging and content marketing. Currently, He is working as a digital marketing expert at Compare Flight, Ltd. You can catch him at Facebook and Twitter to learn more about him.