Although when we want to take out insurance for something, we usually ask our local insurance agent; that may not necessarily be the best advice we could get. The reason for this is that the insurance agent will only advise us as to the best policy their company can offer and will not mention that we could probably get a better deal with a different company. However, it is possible to get free trading insurance advice and advice on any other insurance needs, via the internet. Trading insurance is one type of motor trade insurance and as there are so many different types of motor trade insurance, getting advice before accepting a policy is almost essential if you want to get the best value for your money. Different motor trade insurance policies cover different aspects of the motor trade industry and so trading insurance, which may be necessary for a dealership, may not be appropriate for a garage or a car valet service. The different types of motor trade insurance can also be broken down further, to some that include employee liabilities or premises insurance, to policies that are more basic. This large variety of motor trade insurance policies though, may not be offered by any insurance company, possibly only those insurance companies that specialize in motor trade insurance. This means that your local insurance agent, if their company is not one that specializes in the motor trade, the policy they recommend will be a basic one fits all policy. Although a one fits all policy would provide you with limited cover, it may also include aspects that do not affect you and yet you will still be paying for them. Obviously none of us wants to have to pay for insurance that there is no chance of us ever being able to claim on and so a basic policy like these is not what we would really want. If however, an insurance company that specializes in motor trade insurance was approached, they would offer you a variety of policies to choose from and even offer to make a special policy which is tailor made to your exact needs. A policy like that would mean you were not paying for anything you may not need, only for coverage you may one day have to make a claim for. These tailor made policies are therefore far better value or money and yet may not have been recommended by your local insurance agent. The insurance companies that do specialize in motor trade insurance policies, will often also have policies that are suitable for individuals in the motor trade industry, not just businesses. If a professional in the motor trade industry works for an employer that does not have employee insurance on their policy, it may be in their own interest to take out their own motor trade insurance which would not just cover them for work they do with that employer but would also cover work they do for others.
Any government of any country has the unpleasant task of setting tax rates for the country and although they may want to set those rates as low as possible, they will also have to ensure that they are high enough to cover all of their expected spending for the year. One of the reasons why this is an unpleasant task is because whatever they decide to place the higher tax rates on, it will upset one group or other of people. For instance, anyone in gainful employment and therefore paying income tax, will want that the income tax rate is low. If however, the government sets a low income tax rate, they may have to increase purchase tax to offset their loss in income. When a high purchase tax is set, the poor and unemployed complain that prices are too high. Governments will therefore try to temper their decisions in an attempt to appease as many people as possible whilst still receiving adequate income. Sometimes a government will receive a lot of questions about tax refunds and as to why many workers that are entitled to them, do not receive them.
The answer to this oft asked question is usually that the worker never applied for a refund. Most governments, having set a basic income tax rate, may offer certain exemptions under certain circumstances and those exemptions, in many cases, should resort in refunds however, in order for a worker to receive this refund, they must have mentioned how they were entitled to the exemption on their tax return otherwise the government will not authorize them. Due to people not always being aware of any exemptions they may be entitled to, many people do not mention them on their tax returns and therefore receive no refund. Due to the high amount of money that should be being paid in refunds and isn’t, many workers today are starting to seek advice from tax professionals when filling in their tax returns, to ensure that no entitlement is missed. Prior to this increase in workers seeking assistance from tax specialists, the specialists had mainly worked for different businesses, businesses which were too small to warrant employing their own tax accountants. It is however those larger businesses which do employ their own tax experts which give governments the most problems. The large companies employ these tax experts to ensure that they only pay the minimal amount on taxes, sometimes paying nothing. Although this may seem unfair and it certainly is, the experts ensure that whilst ensuring their employers pay minimum taxes, they stay within the law, even if just marginally. In order for a government to therefore acquire the full amounts they had expected, they will have to enter into long and expensive legal battles, something the companies hope the government has no wish to do. Any shortages in expected revenue the government may suffer due to these large corporations, has to be made up by higher tax rates on the general public.
It is never an easy job to choose the auto insurance company you will be depending on for some time to come, like the lorry insurance. The decision at hand is filled with huge implications and costs; both short term and long.
When your children leave home permanently, take them off your auto insurance policy. It can be hard to accept, but once your children move out, they’re adults and responsible for their own insurance. Removing them from your insurance policy will save you a significant amount of money over the course of the policy.
Not everybody really needs full coverage, so why should you have to pay for more then you need. It could save you quite a bid of money, but know that if your car gets totaled, you will not get compensated for it.
Choosing the right insurance agency is key to getting the best deal in auto insurance. You will want to call around and compare rates for all auto insurance agencies where you live or even online. They also have tools online where you can compare rates to find the best for you.
Stay out of the gap. If you have more financed on your car than it is worth, if your down payment is less than twenty percent, or if you lease, you should add Gap Coverage onto your auto insurance policy. The Gap Coverage will cover the additional amount, over the worth, if you total your car or it gets stolen, and the entire amount of the loan will be paid off.
Let your insurance agent know that you are interested in saving money on your insurance premium – perhaps you may be eligible for discounts that you didn’t even know about. Many companies will offer discounts to seniors or to drivers who have a record of safe driving. See what you might be eligible for!
When renting a rental truck, it is likely better to purchase the rental insurance as many auto insurance policies do not cover the same damage for a commercial truck. Your credit card agreement will likely also not cover the insurance related to the renting of a commercial truck. Check your policies to be sure, but in most instances it is better to opt for the insurance when renting a truck.
If you need to get work done on your car after an accident, make sure that you get multiple quotes from body shops. The insurance adjuster will have their own estimate, and you need to make sure that their estimate is comparable to the cost of actually getting the work that is needed done.
As you can see, there’s more to an auto insurance policy than the price. Make sure you keep these things in mind as you choose your insurance provider, to make sure that you don’t get a policy that doesn’t come through when you need it to. Keep this article handy!
Choosing the right insurance agency is key to getting the best deal in auto insurance. If you have more financed on your car than it is worth, if your down payment is less than twenty percent, or if you lease, you should add Gap Coverage onto your auto insurance policy. Let your insurance agent know that you are interested in saving money on your insurance premium – perhaps you may be eligible for discounts that you didn’t even know about. When renting a rental truck, it is likely better to purchase the rental insurance as many auto insurance policies do not cover the same damage for a commercial truck. Make sure you keep these things in mind as you choose your insurance provider, to make sure that you don’t get a policy that doesn’t come through when you need it to.
HGV is a shortened term for heavy goods vehicle, a term used in Europe which is almost equivalent to tractor trailer in the United States. Anyway, HGV insurance is therefore the name which has been given in the UK to an insurance policy that covers a heavy goods vehicle in a similar way that car insurance covers any damages or accidents in your car. With regular car insurance you have options, such as Third Party, Third party Fire and Theft and Comprehensive and although there are also choices with HGV insurance, you will always want to ensure that the type of insurance you get adequately covers the size of your truck. The size of the truck obviously makes a difference to insurance companies and so does the ages of the drivers.
Insurance payments may therefore be bigger for bigger trucks and also more for younger drivers. Insurance for any vehicle is very important and so that is why it is illegal to drive on any road without adequate coverage. For a car the minimum coverage allowed is Third party. This is a level of insurance that only covers payments for injuries or deaths and property damage to third parties and not to the car owner themselves. Third Party Fire and Theft is very similar but will cost more because it also covers a fire or theft of the vehicle. Whilst comprehensive insurance covers all of this, it also covers damage to the owner’s vehicle and so once again costs more. HGV insurance, sometimes referred to as hgv driver insurance is increasingly concerned with covering instances of theft as, in the UK alone, 10 to 15 HGV trucks a day are stolen. Many truck owners will also want to ensure that the insurance also covers theft of a cargo as just as many trucks as are being stolen, are having their cargoes stolen.
No HGV insurance is going to be as cheap as insurance for a regular car and there are several understandable reasons for this. First of all the weight of a heavy goods vehicle alone would warrant a higher cost as, the heavier the vehicle, the more damage it can cause and all that damage may have to be paid by the insurance company. Secondly, as heavy goods vehicles seem to be becoming more attractive to thieves, there is a greater chance of them being stolen or at least their loads being stolen and if this occurs, once again the insurance company may have to pay for the lost load. As mentioned, the age of the truck driver may also play a role in the cost of insurance and this is basically because with all accidents, a higher proportion involves younger drivers than other drivers and so insurance companies believe that any truck driver under the age of 25 is a higher risk than older drivers. A business which operates HGV trucks may therefore insist, for insurance purposes, that all their drivers are over the age of 25.