5 tips for getting the best motor trade insurance.

A business which is associated with selling, repairing or servicing vehicles will need to be financially covered in the event that a lawsuit or a similar claim is brought against the firm. This is why possessing a targeted motor trade insurance policy is critical. What do you need to consider when choosing a package?

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Proactively Communicate with a Broker

Speaking with a broker is one of the best ways to clarify what type of policy you require and how much you are willing pay. It is also wise to consider paying the cost as one lump sum as opposed to choosing monthly premiums; the broker will likely provide you with a discount.

Only Choose Coverage that is Necessary

Similar to any policy, it is wise to select a specific traders insurance policy based upon your needs. For instance, a business might require liability insurance if the general public regularly visits its premises. Conversely, a larger firm could instead opt for combined trade insurance. This package covers additional concerns such as the contents of vehicles, tools and theft. Making an informed decision is the best way to save money while simultaneously enjoying the appropriate level of coverage.

Understanding a No-Claims Policy

A no-claims clause within an existing policy can represent a very powerful addendum and it is wise to choose an insurer that is able to offer such a bonus. From a general perspective, a no-claims clause will provide you with lower premiums in the event that a claim has not been filed for a specific amount of time. In other words, the insurer will feel that the company is less of a financial risk; ultimately resulting in reduced rates.

Setting up a Business

Let’s never forget that this is a highly competitive industry. It is therefore necessary to take a number of steps when establishing a new business. Notwithstanding possessing the proper level of motor trade insurance, there are some other worthwhile suggestions to note. These include tasks such as obtaining the proper amount of financing, registering the firm with the appropriate tax authorities, establishing your brand identity and creating a viable online presence.

The good news is that a targeted and well-rounded insurance policy will provide owners with a peace of mind so that they are able to focus upon these additional core concerns without sacrificing their coverage requirements.

Excesses to Consider

There can be instances when a business owner will need to make a claim against an existing policy. Insurers often require that a contribution is made. This is referred to as an “excess”. Please note that this amount should be clarified from the very beginning so that no unexpected charges will be incurred further down the line.

These are some of the best ways to obtain a reasonable motor trade insurance policy in no time at all. Please stay up to date with The Financial Fairy Tales if you would like to learn about even more everyday money-saving advice from experts.

Investing In Insurance Policies to Protect Your Family

Personal finances tends to be a subject that dominates the majority of parents’ thoughts. Why? Well, we’re inevitably going to be concerned with our income, whether it will meet necessary bill payments, whether it will be able to support our family’s lifestyle, and what luxuries it allows us to afford for our little ones. However, it’s important that we don’t simply dwell on the present when it comes to money matters. We have to think about the future too. Unfortunately, we can never be certain what the future holds for us and we need to be able to cover the costs of any negative situations that may arise. This is why it’s so important that we take out comprehensive insurance policies. These help to protect us against misfortune and secure our loved ones’ futures, even should the worst happen! So, to get you started on the right foot, here are just a couple of different types of insurance that you should seriously consider investing in.

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Car Insurance

Now, if you have a family vehicle, insurance is a legal necessity. But many families do skimp out and simply grab the lowest cost cover available to them in a bid to save money. Sure, you should seek out low cost cover, but you need to make sure that it meets all of your needs too. So, use a site like http://www.cheapautoinsurance.co/ to input what you need from your cover and find the cheapest deals that meet your needs and requirements. Ideally, you should be protected against fire, weather, and vandalism, as well as on-the-road accidents.

Travel Insurance

Increasing numbers of us are spending longer periods of time abroad than ever before. Though prices may well increase during the school vacations (as travel agencies tend to exploit this being the prime time for families to get away), we are still able to take advantage of fast flights and low cost accommodation across the world. Now, we are all aware that we should invest in travel insurance before heading overseas. After all, we want to protect our belongings. However, travel insurance can also provide us with something more valuable – medical cover and transportation in worse case scenarios. Medical treatment overseas can cost a lot, with even minor procedures and treatments generating multiple figure bills. However, if something worse were to happen, chances are that you’d be given higher intensity treatment. If you were to pass, the bills for this would pass onto your family. Avoid this by ensuring that your medical cover on your travel insurance is extremely high. You should also take a look at policies that cover the cost of transporting a body home should disaster strike, and the worst happen.

Hopefully, this has helped you to start thinking about the different types of insurance policies that could greatly benefit your family in the long run. While it’s important that you ensure you are getting by at the moment, you should always bear the future in mind too!

Back On Track: Reaching Your Financial Goals ASAP

It’s always a great time to reflect on your financial goals and choices to help decide what changes you’d like to make over the months ahead. So much in your life will be dictated by your financial situation, and your decisions will be significantly influenced by your income and expenses. Therefore, it’s always a smart idea to take charge of your money and get a thorough understanding of how you can improve them from month to month. Whether your financial goals are to do with owning property, cutting your interest rates, or finding a better deal on your monthly outgoings; there’s no time like the present to begin making necessary changes and improvements.

Sorting out your money, and having a clear idea of what your future holds will also give you peace of mind throughout the year, meaning that you’ll have a successful and productive time ahead to look forward to. The following are some ideas, inspiration, and advice for those who what to manage their income better and give their finances a boost so that they have more freedom and choice, and will enjoy a fruitful future where they can make their dreams a reality.

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It’s time To Start Saving

There are always excuses you can find not to save some money each day, week, or month. However, getting into good saving habits now will be something that you appreciate in the future. There is always a way to put a little (or a lot) aside and cut back on your expenses, so figure out how to do so as soon as possible. Open up a separate savings accounts, and begin making wise financial choices each month so that a portion of your income can automatically end up in your savings pot. If you’re unsure if you really need to buy something, don’t; utilise that cash in the future and put it away so that it can earn some money back for you in the months and years ahead. It’s always worth discussing your situation with your bank or a financial advisor so that you have a clear understanding of what you can achieve, and by when. You’ll have a stash of cash for that rainy day or an important deposit in the future which will be a great way to feel when you’re putting the money aside.

A Better Score

A good credit score can lead to all sorts of opportunities; it can affect your ability to successfully apply for a loan for something vital like a car, to being able to lease a variety of accommodation and rental properties. Therefore, it’s crucial to a happy and straightforward life that you check your credit score regularly. If you haven’t ever taken out any form of credit; this can be just as detrimental to your ability to apply for things as having a poor credit score. If you’re keen to increase your assets, improve your surroundings, or purchase something major; a great credit score could be the key to getting what you need and want, so don’t ignore it, or push it to one side for a later date. Check out ways to improve and better your score so that you’ll have less to worry about and more to look forward to.

Online or In-Person: Which Loan Access Best Suits Your Needs?

Millions of people are faced with financial circumstances that they are not ready for, causing them to seek outside sources for help paying for their obligations or needs.  With the number of people in need of financial help increasing by the day, businesses specializing in different types of loans have been becoming more readily available as well.

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Today someone in need of a loan can choose from a multitude of different options, from unsecured small personal loans to larger, secured loans for big purchases.  In addition to this abundance of selections, potential borrowers can also apply in person or online at their convenience, 24 hours a day.

Before you decide that you are ready to apply for a loan, however, you need to decide which type is the best one for your financial needs.  Look over all of your options before signing on the dotted line: there may be a better route to fix your current situation than the one you are currently in process with or thinking about getting.

The Ease – and Dangers – of Online Loans

Mobile apps and online stores have gotten us used to convenient shopping at the click of a button.  We rarely have to interact with anyone, choosing instead to complete the buying process impersonally without pushy sales people or outside opinions.

Online loan shopping is similar.  You can apply for a personal loan through your phone, laptop, or tablet any time of day or night, any day of the year.  Many people prefer this route because they don’t have to fear rejection – if you are not approved for one loan, you can move on to the next, but this constant checking of your credit can silently impact your score without you even realizing it.

On the other hand, using online loan review sites like https://loanreviewhq.com/lender/net-credit-review/ can give you immediate access to loan calculators to help you estimate your monthly payments based on the amount you want to borrow before you go any further in the process.

These online sites also are transparent about their loan criteria and repayment terms, helping you to get all of the information you need before you make a decision about which type of loan you want to take out and how much you should borrow.

Customer service for online sites varies depending on the company.  Some places have direct contact through customer service center chats, while others require you to make a phone call if you have any questions, often at specific times of the day when their office has their working hours.  Many of these loan specialists are located outside of the United States, so when you are online shopping for a loan you may not receive customized service that is individualized based on your needs.

Applying for a Loan in Person

This may seem inconvenient to those consumers who are used to immediate service, but there are definitely benefits to applying physically at a bank or consumer loan business.  Sitting down one-on-one with a customer service specialist can help you understand your options and seek out a loan that is tailored to your needs.

However, loan shopping in person has drawbacks to it as well.  While online loan applications can be done at your convenience, using an in-person service means that you are limited to when you can apply.  You may have to set an appointment, travel to the location, take time off of work, and consider a number of inconvenient factors that make applying in person more cumbersome than looking online.

In addition to the scheduling inconveniences, sitting down in person to complete the paperwork necessary for your loan to be approved may require documents that you forgot or did not realize that you needed.  Before your loan can be processed, you would have to return home, retrieve the missing papers, and return to the bank.

Another downside of in-person loans is that you only have access to the information that your loan specialist gives you.  That means you have to take at face value the interest rates and repayment terms that you will be responsible for.  Searching online allows you to compare rates and terms, giving you the opportunity to get the best possible deal on your loan.

Types of Personal Loan Options

There are two main types of loans:  secured and unsecured.  However, underneath that umbrella of terms there are more specific types that you should understand before you decide which one is right for you.

To start, unsecured loans are the most common for smaller purchases.  These loans do not require you to put any of your personal property up for collateral and simply rely on your financial information and your credit score to determine whether or not you qualify and what your interest rate will be.

Secured loans are more common with large purchases, such as opening a business.  These loans do require collateral, often in the form of your home, your car, CDs or savings accounts, or other valuable items that you own.

Personal loans are often unsecured.  These can be obtained in a variety of ways.  Fixed rate personal loans have interest rates that are the same throughout the terms of the loan.  Variable rate loans have interest rates that may fluctuate up or down based on a predetermined schedule.  They may have a cap of how much each adjustment can change, but it’s usually not in the consumer’s favor.  Installment loans are generally fixed-rates, while credit cards or lines of credit tend to be variable rates.

Installment loans are small loans obtained for a specific amount, at which time terms are agreed upon for a specific monthly payment to be made to repay the debt over a scheduled period.  These can be secured or unsecured and often include such purchases as mortgages, automobile financing, and basic personal loans.

Line of credit loans are often used for large expenses such as home repairs, medical expenses, or college tuition.  In a line of credit, you are allotted a certain fund amount, which you can use, repay, and use again until the time period of the loan has run out, by which time you should have paid the entire amount in full.

Another option for borrowing money is a short term loan.  These tend to have higher interest rates, more fees, and more stringent repayment terms.  They are often called payday loans and are used by people who need access to immediate cash without a lot of credit checking and paperwork.  Other short terms loans can be secured by property, such as the title of your vehicle.  While there are fewer fees involved, failure to repay these loans can result in the loss of your personal property.

A very common way to borrow money is through credit cards.  With a credit card you have immediate access to the credit limit, as long as you are paying your monthly payment regularly.  Your interest rates are based on your credit score and can be fixed or variable.  Your monthly payment is usually based on a percentage of your balance versus your maximum credit limit.  Keeping your balances high can impact your credit score negatively, however, and having multiple credit cards with high balance to limit ratios will often cause your interest rates to rise.

In addition to making immediate purchases of goods and services, credit cards are also used for cash advances.  In these, you have access to cash up to a certain amount depending on your maximum benefits, but cash advances tend to have higher interest rates attached to them.

People also use credit cards to transfer their balances from one loan with high interest rates to another card that may have lower rates or better repayment terms.  Some credit cards also offer rewards for balance transfers or purchases.  However, before you choose a balance transfer, be sure to compare the options available, fees that may be incurred, and introductory rates versus long-term rates in case you are not able to pay off your balance within the initial period of time.

Watch for These Features in Your Loan

No matter what type of loan you are borrowing, you need to know that your lender is reputable and your terms are reasonable.  Your rates should be competitive and your repayment terms should be flexible.  Check for fixed-rate interests, which stay the same throughout the life of the loan, versus adjustable-rates, which may start out low but then balloon up if you have not paid your balance by a preset date.

Be careful of hidden terms, as well.  Some companies will charge you a hefty fee if you pay off your loan early.  They also may charge processing fees and other hidden numbers, adding them onto the balance that you owe and charging you interest on the already high fees.

Regardless of the loan you choose or how you go about applying – either online or in-person – there are pros and cons to each of them.  Do your research and analyze each type of loan before deciding on the one that is right for you, and comparison shop for the best repayment terms and interest rates that you can be approved for.

 

 

You Could Be Entitled To These…

People often think that they’re entitled to a lot more than they actually are. It’s a common issue that the wider public seems to have, and it’s an issue that doesn’t seem to be dying out. However, for all of the things that we’re really not entitled to in this world, there are some that we just might be. We’re talking about money here, and there are plenty of opportunities that you might be missing out on, just because you don’t think you’re eligible. Now, when money is such a rare thing to have it would seem, you’re obviously going to want to know all of the things that you might actually be entitled to. So, we’ve cut out a bit of the hard work for you, and we’ve picked out some ways that some of you are going to be entitled to getting a bit of extra money, without you necessarily having to do much about it!

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Management Rights

If you haven’t explored the revenue that management rights could give you, then we really think you should start looking into them now. They’re the perfect way for you to make more money, without having to go far, or even do too much work. If you haven’t heard of it before, it’s where you buy the rights to the management and maintenance of a building, usually a block of apartments or a business offices. You then have the right to maintain the building, and make a profit from it. Whether it’s you that’s maintaining the building or not, you’re still going to be making a profit from it, think of it as a mini business investment. There are plenty of buildings dotted around, some are probably in your local area. But they will all differ in the revenue that it’ll allow you to make, so make sure that you’re picking the one that’s best going to suit you. Management rights for sale isn’t a common venture to most of you, so you know you won’t have competition. It’s not like a business, where you do have to compete to get your revenue, it’s just your own little way of making money, but you do obviously have to put a lot of time and attention into maintaining the building. All complaints would come to you as well, so it’s wise that you develop some of your customer service skills, as well as your knowledge as to what goes into maintaining a business.

Salary Increases

If you don’t ask, you don’t get. That’s one of the main mottos you should live by in life. With work, some places of work are going to support you, increase pay, increase opportunities etc. Some places of work are going to be the exact opposite. It’s very much a world of favouritism, business, so you need to learn to ask for what you want in some circumstances. If you know that someone who is doing the same role as you, and has worked there for a similar amount of time, is getting paid more than you, it’s likely that you’re due a pay rise! However, you need to make sure you’re being smart about this. If you go to your manager and say that you know how much someone else is on, you could get the both of you in trouble for speaking about your wages. It should tell you in your contract whether this is forbidden or not. Rather than walking up to them and saying you know how much this person is on, tell them that you feel you deserve a pay rise due to your hard work, and your commitment to the company. You also might be due a salary increase if your contract says that you’re allowed an increase every so often. It’s often overlooked, because we’re sure that there aren’t many of you that have actually read the fine print of their contract. But if you look, a lot of them will say that you’re entitled to yearly increases, or even just a bonus. It might be something that’s worth checking out, if you still have a contract.

Money Back

Think about the purchases that you’ve made over the years. We’re not just talking about the ones that you’ve made during your weekly shop, we’re talking about the big spenders, such as your bills. Each time you take out a contract with a new bill, you’ll be given a quote for the amount of money that you’ll need to pay each month. If this is fixed, there could be a chance that you’re actually overspending, meaning the company you’re with should be giving you some money back. But as much as companies like taking your money, they don’t like giving it back, so this might be something that you’re going to have to dig deeper about. Some companies however, will give you a refund when the end of your agreement runs out, but it’s always good to chase things up to make sure that you’re getting what your entitled to.

Car Insurance Reductions

If your car insurance premium is about to expire, then we know you’re going to have either had a renewal letter or email, stating what price that company is prepared to give you. This price should not be listened to. Half of the time, you’ll find that the quote they’ll send you will be even higher than the price you’re paying at the minute, even though you’ve done nothing to suggest that the price should go up! It makes no sense to us, but we do know that you shouldn’t listen to your renewal price. Always make sure you’re using different comparison websites to make sure that you’re getting the best deal that you possibly can. It might also be worth ringing up the company you’re currently with, and asking them why your renewal price is so high. You can also say you’ve had quotes for a certain amount, and they might be inclined to reduce their offer to match the others that you’ve received

So, you’re entitled to more than you think you are, aren’t you! Make sure that you always chase down money opportunities that’ll benefit you!