What Type of Travel Insurance Is Best for Canadians?

Among the first questions the majority Canadians ask when buying travel insurance packages is “What type of travel insurance do I need?

It’s a good query, as there are a number of travel insurance types in existence, and selecting among the them all can seem a bit tricky to start with.

Listed in this article, we describe the primary types of plans in Canada, and what types of insurance are best for Canadians.

Single Trip

A single trip policy is suitable for your requirements if you’re intending to travel once inside of a given year. This variety of plan is the most widespread type of plan. Single trip policies only cover individuals for an individual journey away from home.

Multi Trip

If you travel repeatedly each year, it may be worthwhile to buy a multi-trip travel insurance policy. A multi-trip coverage offers insurance for numerous trips in a year. Multi-trip plans often have limits around the time period of trips you are able to make. 15 day or one month trip limits are common, however, some firms let you take as many as sixty days on every trip.

If you want multi-trip coverage, look into the plan perks that are offered by credit card issuers. One of the charge cards you have in your purse could quite possibly maybe even offer protection!

Coverage may include the cardholder’s husband or wife and little ones and can be a great strategy to reduce travel insurance plan costs. Make sure you study the insurance policy and coverage cautiously, so you know exactly what you’re actually getting.

All Inclusive

An all inclusive plan may well be effective for you if you want to have complete coverage. All inclusive insurance policies usually cover emergency medical protection, trip cancellation and trip interruption, baggage insurance plans and health evacuation insurance. Numerous all inclusive insurance policies offer high limits for emergency medical coverage.

The key downside of most inclusive policies is money. You’ll often pay greater than double the total cost of a single trip plan for all inclusive travel insurance plan. If you happen to be paying attention to how much you want to spend, contemplate getting a simple single trip plan, and choosing a supplementary trip cancellation plan. This can help you save a ton of money.

Tip! Make a brief telephone call to your house insurance company to check out if they offer some baggage or personal belongings insurance plan.

Trip Cancellation and Interruption

Trip cancellation and interruption insurance is effective if you’re concerned about the expense to you personally in case your trip is cancelled or rescheduled. These kinds of packages are especially a good choice for trips that are high priced.

Trip cancellation and interruption insurance plans are also a decent option if you are travelling with multiple people, or if you happen to be travelling along with children. Would you want to take your infant on a long voyage if they’ve only developed a serious stomach virus? It happens all the time.Trip cancellation and interruption insurance will let you cancel your trip for pre-specified reasons like illness of yourself or a travelling companion, or work loss.

Always get in touch with your insurance provider to obtain their permission prior to cancelling a holiday. It’s very normal to believe a reason for cancelling is covered under an insurance policy, only to discover out that in fact there’s an exclusion within the plan. You can buy cancel for any reason travel insurance plans, which will let you cancel a holiday for various reasons. These policies generally are somewhat higher priced, but nonetheless they do give you peace of mind.

Top Up Insurance for Canadians

Top up travel insurance is an effective option in the event you already have insurance, but don’t have coverage for the entire time period that in fact you’re away. This type of travel insurance plan is definitely worthwhile in case you have work or charge card insurance which can only cover you for the beginning part of your trip.

Using your primary insurance plans for your 1st part of your journey, and acquiring a top up plan for the rest, might be greatly less costly than investing in a brand-new policy for the entire time period.

Baggage

Baggage insurance protects you and your loved ones in case your luggage is lost, stolen, or rescheduled. The benefit you can get from baggage insurance ranges from about $500 to $2000 per consumer, relying on your plan.

Your home insurance coverage quite often gives you some protection for your assets while you are traveling, but they in all likelihood will likely not cover baggage delays.

Medical Evacuation

Emergency medical evacuation insurance is especially necessary if you’re going on a cruise or if you happen to be paying a visit to a remote location. If you fall ill aboard a cruise, an emergency medical evacuation by way of a helicopter can easily cost $150,000.

Emergency health evacuation insurance can pay for transportation to the closest medical facility or alternatively back to your point of departure. Having said that, all insurance policies call for pre-approval by way of qualified medical expert. While medical evacuation is covered in many medical travel insurance policies, you can buy separate medical evacuation insurance cover plan.

Be mindful if you’re considering obtaining insurance plans coming from the cruise company. Many cruise companies do not include medical evacuation insurance cover plan inside their travel insurance policies.

Pre-Existing Conditions

If you have a pre-existing health condition (including diabetes or alternatively heart issues), a policy that allows for coverage when it comes to pre-existing conditions is a must have. A pre-existing condition is a health problem you might already had when trip started, even if you didn’t have the problem at the time you obtained your insurance.

Insurance policies who will allow for pre-existing medical conditions are typically more costly, nonetheless, at the very least, you’ll be covered in the event you have a medical disaster associated with your pre-existing condition. Any condition that in fact appears from the time you acquire your insurance plan to the time period you begin your vacation can be considered to be a pre-existing condition, even if you didn’t know about it at the time you purchased your insurance plan.

Being pregnant will often be viewed as a pre-existing condition by many travel insurers.

Accidental Death and Dismemberment

Accidental death and dismemberment is a worthwhile type of travel insurance, and is generally speaking (though not guaranteed to be) covered in emergency medical travel insurance policies. This type of travel insurance will take care of you for injuries you get while riding as a fare-paying passenger on an airplane, helicopter or common carrier (a bus, boat, or even train). There’s also a death benefit that is paid out (generally between 10,000 to 25,000) if you pass away on your voyage.

In keeping with its less than lovely title, an accidental death and dismemberment policy can pay you a set amount if you lose an arm or leg (or other part of your body) while on vacation.

Bottom Line

Whatever type of travel insurance you decide on, read your policy attentively before you leave.



Source by Lanie Kay

Reinsurance For Auto Dealers – Is It Worth It?

Reinsurance can be defined as an agreement between two insurance companies. The reinsurer in this arrangement is the second business and provides risk management for paying claim shares arising from initial insurance company. Auto dealers are now embracing owning reinsurance companies to enjoy coverage for different policies in their contracts.

Reinsurance programs offer an opportunity to enjoy underwriting profits as well as investment income from finance and insurance products sold to customers in an auto dealership. Apart from automotive dealers, reinsurance can also be enjoyed by other service providers. For auto dealer, the commonly reinsured items include vehicle service contracts, GAP and aftermarket among others.

A smart auto dealer will always be on the lookout for hidden profit opportunities and vehicle service contract reinsurance is a major wealth creation opportunity available to the dealers. There are lots of companies offering competitive programs and availing them to independent dealers and franchises as well. The reinsurance concept for auto dealers comes with a number of benefits to them and this is probably what have made the programs popular among the dealers. Here are some of the benefits that make the reinsurance for auto dealers worth trying out.

The reinsurance programs offer auto dealers control over own insurance company

With this kind of control, auto dealers are able to enjoy premiums generated from different vehicle service agreements and aftermarket insurances. The insurance company holding premium reserves provide the owner with new wealth and profit creation source. When these reserves are reinsured, the risks to selling dealer are greatly limited.

The programs ensure efficient cash flow and profit maximization

Reinsurance programs have a reliable remittance system. Any warranty repairs offered by the dealer get deducted from premiums submitted and this in turn accelerates payment to the dealer for the repairs made.

Reinsurance for auto dealers also offers flexibility in customizing terms and coverage’s

This is because there are high probabilities of weekly funding of the premium accounts, full accounting as well as reporting. When the dealer is able to customize the coverage and terms, there is complete management control of the reinsurance company thus maximization of the profit opportunities.

The programs make it easy to pay claims

Auto dealers who consider owning reinsurance companies always have money available to settle claims. The programs basically eliminate the situations where most dealers have had to foot the cost of claims for lack of backup funding. Dealers therefore enjoy more security when they take up reinsurance programs matching their exact needs.

The contracts help in improving customer satisfaction

There is really nothing more important that customer satisfaction for any given business. Vehicle service contracts offer some of the best ways of improving customer satisfaction and also provide confidence in sales process improving the dealership at the end. Reinsurance offers any auto dealership the opportunity to grow to the next level by offering claims to customers with the increased control over the reinsurance company. When customers are happy, the dealership is able to maintain a loyal clientele thus increasing growth and expansion opportunities.



Source by Satvik Mittal

5 Auto Repair Readiness Things You Must Do To Winterize Your Vehicle

Winter is coming, and just like you'll want to take steps to winterize your house against the cold weather, you should also prepare your vehicle against the onslaught of old man winter. Winterizing your auto is not difficult or too time-consuming. Most of the steps can be done on a do-it-yourself basis. The time and trouble spent following a simple winter prep routine will allow you to drive more comfortably and confidently when the cold weather hits. Here's a list of things to consider.

Engine Oil

Changing your engine oil and filter at the beginning of the cold season is a good idea. If you live in an area where the temperature drops below freezing, you might consider running thinner oil during winter. If you typically use 10W-30, switching to 5W-30 will provide better engine protection when driving in cold weather. If you're currently using conventional motor oil, consider the benefits of modern synthetic oils. These have been shown to give better anti-friction protection and allow for greater time or distance between oil changes.

Tires

Make sure you have the appropriate tires for winter driving is critical, especially for drivers likely to encounter snow and ice. Good all-season radials may provide adequate all year driving performance in areas where snow and ice are only a minor concern. Just make sure there's plenty of tread, with 2/16 "being the minimum.

In locales where snow- and ice-covered roads are typical, specialized snow or winter tires are recommended. This means having two separate sets of tires for your vehicle and switching them out at the beginning and end of the winter season. Keeping track of which tires were removed from which wheels will enable you to incorporate your regular tire rotation routine into the swapping over process.

Battery

Car batteries require more power to start an engine in cold weather and the preventive maintenance you perform now can save you from being stranded later. Batteries need to be topped off to the full level line and should have a charge of at least 12.4 volts. Make sure your battery cables are in good condition, with no cracks or cracks, and that the connectors are clean and fit tightly to the battery terminal posts.

Fluids

An automobile requires a variety of different fluids to perform properly and these should be checked to ensure that they are at the proper fill-level. These include power steering fluid, transmission oil and brake fluid. For proper winterizing, windshield washer fluid should be topped off with a solution that contains anti-freeze or some other additive that will prevent the fluid from freezing. This is also a good time to check the condition of your windshield wipers and to ensure that the nozzles that deliver the windshield spray are not plugged and are properly aimed for good coverage.

The radiator should be checked for leaks and filled with the proper mixture of water and anti-freeze, determined by the temperature in the area you'll typically be driving. A radiator flush is not a bad idea either, and will extend the life of this critical component.

Exterior Treatments

If your car's exterior has suffered any recent damage that has not been repaired, it's best taken care of before winter sets in. The harsh weather combined with salt used on roads will accelerate any rust or corrosion developing in the area of ​​a dent or ding. A good cleaning and polishing of your auto's exterior will provide wintertime protection from the elements, and should also be considered.

These five items are a good place to start your auto repair winterizing and should be done before the first frost. These preparations should give you peace of mind and should help to ensure trouble free winter driving.



Source by Ron Stockton

Stain Removal in Carpet – Stain Removal Help

Hey guys…It’s been a while since I’ve posted a helpful tip to add to your arsenal of automotive interior repairs I’ve giving here on my blog.

So I thought of giving you a little bit on Stain Removal in Carpet. This is one thing I get a lot of questions for and that is how to get those nasty brown, or black, or even red stains out of the interior carpet of the vehicles I work on on a daily basis.

The trick isn’t to it isn’t really a trick at all, it’s timing and knowledge of what to use where and when. Getting to a spill before it gets a chance to soak in is your best defense against a stain in your carpet. If you spill something wipe it up and soak it up as quickly as possible and then flush with water and soak it up with a towel, or what ever you have at the time. But that’s not always the case and that’s where this little guide will help you, but really if you can wipe spills up a fast as you can and this helps to get the actual stain out later when you have more time.

One of the most common stains I see in vehicles are footprints or skid marks from dirty and greasy shoes. The answer to this is a de-greaser. There are so many different options to use in this situation, but I’m here to make this as simple as possible and effective. Supplies you will need are a couple of white towels, a scrub brush and a mild detergent, like dawn dish soap, a small pail of warm water mixing the soap to 1/4 oz. soap to gallon of water. Dip your brush in the soap and water, scrub the areas lightly with the brush making sure not to soak the carpet then wipe and blot with the towel. Repeat if necessary, wiping and blotting the area with the towel to remove the dirt and grime and the water, you don’t want it to sour later if left wet. If your have a shop vac, use it to suck up the water and to fluff the carpet pile back up to dry better. Place a fan in the vehicle if needed to dry further if you’ve had a bad one.

Now sometimes more then not you will need something a little stronger to get the grease out. I use Castrol Super Clean, the purple stuff. I’ve used Simple Green at times too, and some of the products at some of detail shops I’m at from time to time, so really any good de-greaser will work. Just spray the area with the cleaner, scrub with the brush, then wipe it up with a towel. Now if at all possible flush the area with water, this will help to remove the chemicals from the carpet and will help to preserve the natural look to the carpet. Some of those chemicals are pretty strong and if left can damage the carpet.

Soda pop and coffee stains, are another I run across a lot. Now this one can be booger to get out. A coffee stain if left can do permanent damage to the carpet and at times I have had to just dye the carpet to cover up the stain. If coffee is your problem, here are a few tips, catch the spill as quickly as possible then flush with mild soap and water like before with the grease, but you may have to soak it a little more to get it out. Now if this is an old stain, one thing you can try is hydrogen peroxide. This can be used as a mild bleaching agent. Just pore a little in a cup and with a tooth brush scrub it into the stain let sit for about 20-30 minutes then flush with your soapy water solution. If this doesn’t work, I found a product at my local janitorial supply shop called Perculator, it comes in spray bottle and is primarily a peroxide mix, and works pretty good, but it’s still not a miracle worker. Coffee can be a pain, but with a little luck and timing on this one you can get it out. Now soda pop, if it’s not an orange or red which I’ll talk about in a minute, can usually be taken care of with the warm water and soap.

Food stains can range from greasy french fries smashed in the carpet to dried ketchup, to jelly beans and candy. Most of these can be dealt with with your soap and water. Ammonia can be added to the solution to help cut the greasy foods. Scrape the chunks out with a blunt knife before you get wet this will help to not spread the stain further. Candies might take a little more due to dyes added for color, wash as much as possible to remove the candy, if the stain remains you can try peroxide but like I said there are dyes in some candies that do just that, dye the carpet. Gum is another candy that can be removed with mostly picking it out but the rest might take a little chemical. Goof Off is a good one to keep on hand for a lot of different things, but it works great on gum too. After you pick most of it out just take a little Goof Off on a towel and wipe the rest right out.

Red Wine is sort of a food stain but treated a little different. If it’s fresh flush with cold water and soak it up as much as possible. Try even a little club soda and pore directly onto the stain and soak it up with a towel. This should get most of it. One last trick is an enzyme cleaner, enzymes get right to it when it comes to food stains. They are known for removing food stuff stains, but I haven’t had much luck with red wine though so I’ll talk about it in a minute on getting the red stains out of your carpet.

Now if you have a misfortune and happen to get a blood stain on your carpet then this one needs to be handled with cold water and not warm or you will set the stain. If it’s dried then scrap the dried blood with a blunt knife to get the chunks out, vacuum them up, then scrub the area with cold water and a mild soap. Peroxide can be used to help remove the reddish tint if needed. Then flush again with the soap and water, then vacuum with your shop vac. One other remedy is a blood enzyme, which will eat the blood away. Blood Buster is good one, it’s an enzymatic cleaner designed for bio stains.

One that I deal with upon occasion is pet urine. Talk about nasty…but, hey they have to pee too, just not where we always want them to. This one is one you can go to your kitchen for, vinegar, helps to neutralize the acids in the pee. Supplies for this one are paper towels if still wet, white towels, mild soap and warm water, brush and vinegar. First soak up what you can with if it’s still wet with the paper towels, next take your soapy solution of warm water and soap, 1/4oz. of soap to a gallon of water, dip the brush and scrub the area with the soapy water, blot with the towel and repeat until the stain is gone. After wards pore a little vinegar over the stain and let set for about an hour. Lastly rinse with water and vacuum with a shop vac or dab with towels until mostly dry. If the stain is still there, let it dry, then apply an enzyme. Enzymes work really well for all bio stuffs including urine. The guys over at Petguest have come up with a 100% enzyme concentrate that is made for the elimination of pet stains and odors.

The old melted crayon stain in the carpet….Man what a mess this can be, but believe it or not it’s pretty easy to remove if you have a clothes iron and a brown paper bag. Scrape the majority away with a blunt knife then lay the brown bag over the crayon and with the heated iron, rub it over the bag over the spot. The heat from the iron will melt the crayon into the bag. Just rotate the bag around to keep a clean side down and after a while the crayon will be on the bag not on the carpet. Patience on this one helps, but again if the spot remains try a little chemical like your Goof Off.

Paint is another carpet stain that can give you a bunch of problems. First thing you need to determine what kind of paint it is. If it’s automotive paint then a solvent paint reducer or thinner can be used to remove it. I usually use lacquer thinner, works fast and removes most paint spills. Now if it’s house paint, then scrape off the excess with a blunt knife and pull out the Goof Off, try not to spread it out to much, work small and from the outside in on the stain. I guess nail polish is a paint, but with this one use nail polish remover or straight acetone with a towel, and again work the stain from the outside in so to not spread it out to far.

Now this is probably got to be the worst carpet stain out there. The red stain in the carpet. This is caused by a #40 Red dye that is put in a lot of drinks like Kool Aid and, red and orange sodas. If you run across this one there is only one way to remove it and that’s with a strong chemical. I have found a product that I use on these type of stains and have had really good luck with it, it’s called Red Dye Solution. There are others out there like Red Relief, and Red Out, all work pretty similar. You pore the chemical on the stain, and with a wet white towel and a steam iron you remove the stain. It is a time consuming project and with some luck all of the stain will be removed. Sometimes a little blue hue will be left from the chemical but it sure is a lot better then a bright red stain jumping out at you. But with a little carpet dye over the top and your good as new. You can find these products usually at your local janitorial supply shop or online. I’m working on getting some here on my site, so bare with me.

Stain Removal In Carpetcan be frustrating at times, but there no substitute for a professional. These tips can help and may just save you but if you have any problems or feel that the stain is just a little above your head then don’t hesitate to call an automotive interior repair professional like myself to come in a make your life a little easier. For those of you that are the professionals feel free to post your tips in the comments so we can all benefit from your expertise in carpet stain removal.



Source by Michael N Warren

Credit Managing

Most of the people have debts or credits in varying forms such as mortgage loans, student loans, and auto loans or loan in the form of credit card balance to be paid by him. Availing loan from financial institutions has become some thing that can not be avoided by a person these days. Borrowing money from financial institutions in times of need is not a bad thing until you make default in repayment of the loan.But having too much debt may spoil a person's life by causing never ending financial problems to the borrower. In such case you will have to analyze your financial security by finding out your debt to income ratio.

Managing your credit – Is it a difficult task?

Finding out your debt to income ratio is known as the best method to understand whether you are overloaded with credits beyond your repayment capacity. While calculating the debt to income ratio includes both good and bad debts of yours to get the correct picture of your present financial condition.

If you want to calculate the credit overload of your bad debts just add up the total of the amount that you are paying for repayment of your bad credits to your monthly income. Then multiply the number that you are getting from this calculation with hundred to find out the percentage. The result will be your debt to income ratio. Now you will be able to know the exact percentage of your monthly income that you are spending to repay a bad debt. If the debt to income ratio exceeds 10%, you will have to do some thing to manage your credit as it is an indication to the fact that you are over loaded with credits.

Managing total debt

The same method of calculation can be used to analyze your total debt picture by including both good and bad credits. Add up all your payments including the credit card payments, student loans, rent, child support or alimony etc. while you calculate the ratio of your total credit position.

If the final out put is below 30% you have nothing to worry about your financial position and if it exceeds 40% you should do some thing to manage your credits that goes beyond your repayment capacity.



Source by Bikash Kalita