What to Know With a Towing Service

Sometimes cars break down. If you have not had a car break down on you, just wait and eventually it will happen. It is a certainty of life because vehicles are complicated and the more complicated something is, the more that can go wrong with it. Having your vehicle break down is something we don’t want to happen but when it does, we have a savior in the form of a tow truck. Tow trucks and towing services are our best friends when our cars break down.

Typically, a tow truck will come in four different types:

1. A boom, while not used for towing normally, is used when a vehicle is in a ditch, culvert or fallen over an embankment. This is used whenever the tow truck cannot back safely towards the broken down vehicle.

2. The hook and chain is another type used by many towing services. This loops round the vehicle’s frame to allow the car to be drawn aloft by a boom winch where it will rest against rubberized mats. This allows the vehicle to be towed on one axle. The problem with this is that they can scratch bumpers, so many towing service companies are choosing different methods.

3. The wheel-lift is the successor to the hook and chain. This technology uses a large metal yoke that fits to the front or back wheels and locks around them. The tow truck then draws the vehicle up so that the vehicle only rests on one axle, usually the back one. If the vehicle is front-wheel drive, the front wheels are lifted up. If it is rear-wheel drive, the rear wheels are lifted up.

4. Flat bed tow trucks put the entire vehicle on the back of the truck so that it is transported without having to be towed. Rather it is carried away from where it broke down.

The only problem with a towing service is that it can be expensive. The farther you have to take the car to the shop, the more it is going to cost. A good tip is to research towing companies and to keep a list of what companies are in certain areas of the city, and how much they cost per mile. That way you can look at the list if your car breaks down and choose the towing service company that is closest to you. You can also do the same with mechanics so your vehicle does not have to be towed far.

This will save you a lot of money in towing fees because most towing companies will charge a certain amount per mile to transport your vehicle. The farther you go, the more you pay and you haven’t even started to get your vehicle repaired yet!

Towing service companies and their tow trucks are a great sight when we break down. When we need someone to pick us up and take our cars away, they provide an essential service. Just do your research to avoid paying too much.



Source by Troy Derringer

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

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

Auto Repair: 4 Signs It Needs to Happen

Sometimes it is necessary to bring your vehicle in to the mechanic between regularly scheduled appointments. Having your oil and other fluids changed regularly is great but there are a few tell signs of an issue that should not be put off until the next time you are planning to go in. These are indications that there could be a serious problem. If any of these happen while driving pull over or get to an auto repair shop quickly so that you are safe and you do not further damage anything.

Squealing brakes are a bad sign. If when the pedal is depressed there is a high pitched screech or a whistle it could mean that the pads are incredibly low and need to be replaced as quickly as possible. Additionally, if the pedal feels squishy it is likely that the same sort of problem is happening. In either case pull over or get straight to the mechanic because this is not something to be taken lightly.

Similarly, any time there is a rattling, a clunking, or a gringing coming from under the hood or under the car it may be indicative that there is a need for auto repair. Any number of things could be wrong or in some cases something could have come unattached. One possibility is that the head gasket is blown and that is a serious problem. If you are unsure what is going on or if the sound is accompanied by a decrease in performance have the car towed to the nearest service station.

It should go without saying but if the oil or check engine light come on it is imperative that those things happen. Many think they can ignore these warnings but in reality they are a good indicator, obviously, that something is not right. Quickly and carefully bringing the vehicle straight to the auto repair station and have them determine what has caused the warning to illuminate. Often it is not something terribly wrong but rather something that if left unchecked could lead to a more serious issue.

Finally if it takes a long time to start or will not start at all it is necessary to have auto repair done. It may be something as simple as a battery or an old sparkplug but on the other hand there could be a need for alternator maintenance or replacement. In some cases the belt may have broken and the battery was drained trying to compensate.

Regardless of which of these happen, they are all four sign that now is the time to go in and have service done, even if it is not scheduled yet. Fixing the problem now can avoid cost and inconvenience down the line and that is not something anyone wants to have to deal with.



Source by Aloysius Aucoin