The Future of Auto Mobility and Insurance

Mobility has taken over every industry and has dipped its proverbial toes in the auto insurance industry as well. With GPS and accelerometers as high-tech accessories, mobile technology for the automotive industry too has come a long way and has many miles to go. In an age where digitization and mobility is one of the bare necessities, most auto insurance providers are lost under heaps of paperwork. That's the reason why the concept of auto mobility has shifted its focus to the insurance industry.

A combination of mobility solutions – telematics, analytics and communications, has facilitated the burden for auto insurers through information on driving style, collection of the same, analyzes and reports that benefits all the stakeholders.

User-Based Insurance (UBI)

Insurance providers struggle with allocating premium amounts for their clients. Despite their best calculations, they have incurred losses. Traditionally, insurance companies calculate premiums based on driving records, vehicle use, previous claims, insurance scores based on credits and so on. Policyholders believe that these promotions are usually a fixed value.

Telematics technology will change the face of auto insurance through the usage-based insurance (UBI) pricing system where clients pay as per their usage, driving behavior that is. Pay-as-you-drive gives clients and insurers the freedom to calculate premiums based on not just driving records and vehicle usage but actual or real-time driving information.

Real-time Information

Telematics can calculate every minute detail of the client's driving style, including every hard brake, rapid acceleration, parking style, etc. Analytics will amalgamate, analyze and interpret this data, simplifying it to understand the driving patterns of the client and the risk (s) involved. This driving information will be shared with the insurance provider who can use the same to allocate the insurance premium amount for the relevant client.

Automotive insurance companies have realized the difference that real-time information makes in processing claims. With the ability to capture real-time data in the form of images, videos, driving information, etc., there will be adequate information to process a claim or to decide the insurance amount for a client. It will eliminate the possibility of modified data and increases the accuracy of information analyzed.

Time and Efficiency

Time is everything. Waiting for weeks for insurance agencies to process a claim can be painstaking. Insurance companies will soon provide every client a more personalized and expedited service. Mobile devices will enable evaluation of claims or consultation with clients in their comfort zone. In the case of an accident, real-time data can be captured in the form of videos or images, eliminating the possibility of improper claims or incomplete information, which can prove to be a loss for both parties. Automation will reduce paperwork and redundancy. At the same time, it will increase efficiency and accelerate processing of claims.

Management of Data

With the reduction of paperwork and introduction of technologically advanced analytics frameworks, managing vast quantities of data has become a child's play. Analytics use complex algorithms and mathematical equivalents to organize, analyze and interpret huge volumes of information. The ability to retrieve relevant information instantaneously and accurately will save a lot of man-hours.

Beyond Insurance

Mobility solutions for auto insurers come with additional services such as roadside assistance in case of an emergency, geo-fencing for parents to monitor their teenager's driving, customer engagement to ensure the loyalty of the client, driving suggestions and other customizable options. Insurance companies will be able to go beyond their regular services for the client's convenience.

Challenges of Telematics

However, there are a few concerns with telematics being used by insurers. Standardized regulations on data capturing and its process is still to be determined. This raises concerns for loss of privacy or misuse of data. The other concern is when the client wants to switch to another insurance provider. The new insurer might not accept their driving data as the method of data collection is different. This could result in the client losing his benefits and has to start from scratch.

Nonetheless, telematics technology is relatively new and is yet to take over the market fully. Like any new technology, there will be glitches which will be fixed in due time. These challenges will not be an obstacle for auto mobility to be integrated with insurance, as the pros of auto mobility outweigh the cons. Gradually all insurance providers will significantly rely on mobility solutions in order to develop their business and will become inevitable for auto insurance to use.



Source by Sud Gover

Raise Your Credit Score For Free!

Banks, credit card companies, finance companies, landlords, utility companies or any company considering setting up a line of credit for you looks at your credit score. As a general rule prime credit falls in the 750 – 800 range, sub-prime falls in the 550 – 749 range, and bad is below the 550 level.

Many people hire companies to raise their score but you can do the same thing for free. Type credit repair in the search box and see how many companies provide this service. You can do it yourself.

Here are the basic steps to get you started.

1. Get a copy of your credit report. You can do this for free one time per year by going to www.annualcreditreport.com

2. Check your report for errors. Many times there are errors.

3. Dispute any errors and all bad credit items with the credit bureaus.

There are 3 credit reporting agencies. Experien, Equifax and TransUnion. Start by googling Equifax. Look for the On Line Dispute link. Follow the steps on this site to dispute bad credit items on your report.The companies that have reported sentences, late payments, etc. must then prove to the credit bureau that they are accurate. Many times these companies can not produce the records. If they cant produce the records within 30 days the credit bureau must take it off your report. Keep a calender of who you sent the dispute to and when you made the dispute. Allow 30 days for a response. Be persistent and contact the credit bureau at the end of the 30 day period.

Many people have raised their scores using this approach.



Source by Mike Barrett

Virtual Operator Answering Services Streamline Your Switchboard

You're starting a business. But you do not have as much in your budget to spend as your corporate counterparts. So what can you do to streamline your expenses? One way to save money is by using a virtual operator answering service. With a little affordable outside support, you can negate the cost of a full-time receptionist, and you'll still offer excellent customer service.

When you're in the beginning stages of a business, you want to make decisions carefully. And there's no safer decision than outsourcing your calls to a well-recommended vendor. You'll get a network of professional people to answer your calls, and they're guaranteed to always be available for your business. Agents assist your callers through the early morning hours, during peak periods, and at night. They'll answer calls just as a full time receptionist would: using your company name. And your service forward your calls anywhere you happen to be. You could be commuting, working at your home office, or at your physical office, and virtual operator answering services transfer calls to your smart phone, home phone, or business extension. When you're unavailable to take calls, you can have your service operators forward messages to your e-mail, pager, voice-mail, or fax.

Every startup company wants to expand their customer and client outreach. Virtual operator answering services can make it easy for you to increase clientele in an organized way. If you sell products, your virtual services provider can be your shopper helpline! Your customers can call your toll-free number, and a live operator will help them place their order. Virtual agents can also answer questions about your products, offer discounts, or add customers to your mailing list. If you primarily provide services to clients, you can have virtual operator answering service book client consultations. Virtual agents access your calendar in real-time, and input the place, time, and date of your consultation. And if your clients call back to receive directions or verify the time of the appointment, operators look up and provide that information.

Starting out as an entrepreneur is exciting. But it's also stressful balancing your budget. So why not get affordable customer support? Virtual operator answering services can streamline your business, and even help you turn a profit. With all of these benefits, why should you wait? Call a virtual operator answering service to start service today!



Source by Rob Porter

Piano Tuning And The Safety Issues Involved

When you think about the sheer number of strings in a piano – multiples per key, remember – and the tension to which they are stretched, you realize that there must be a colossal amount of force trying to break the piano in two. This explains the need for such heavy construction – a frame of cast iron is needed just to resist the tension of the strings. It also explains why a professional piano tuner can be an important person to call if you need piano tuning.

It is tempting to compare tuning a piano to car maintenance – you can do it yourself, but you may feel more comfortable putting the risk in the hands of an expert. However, the situation is even more important than that, as the process of tuning a piano is far more complex and takes far more patience than most ordinary vehicle servicing. Changing the oil or the spark plugs is nowhere near as involved as tuning two hundred or more high-tension wires.

Attempting to tune a piano yourself is certainly possible, but there is a range of knowledge and skills that only an experienced professional will have. One aspect of this is in understanding the current condition of the piano. Since you are reading this article, you may have a piano that has sat around without maintenance for quite some time, and the cost of professional piano tuning seems prohibitive. However, it is precisely this kind of piano that can be dangerous, as a neglected frame may have started to develop weak spots that increase the risk of the entire structure collapsing violently in on itself. You would not want to have your hand inside a piano when this happened. An expert piano tuner can recognize the danger signs much more readily than you will be able to.

Having said that, if a piano technician has confirmed that your instrument is in good shape, you can certainly begin learning about piano tuning yourself. If nothing else, it takes patience. It can be very easy to give up part of the way through tuning and ruin the whole process. There are also various skills that must be picked up along the way, such as the piano tuners’ method of setting the pins in such a way as to promote tuning longevity and prevent the piano from sounding sour for as long as possible. Piano tuning certainly takes effort, but it can also be a rewarding process, and maybe even therapeutic.



Source by Shawn Manaher

Terms and Conditions of Auto Insurance

Based on the high rate of accidents which happen each year, it is imperative that anyone driving a car whether it is your car or a friend’s car must have an auto insurance policy even if it is the least of all insurance policies available.

An insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However if the car gets into an accident which is not in the interest of the policyholder, or in violation with the agreement between the policyholder and the insurance company, the insurance policy will not cover the damages from such accident.

In instances where the insured vehicle gets sold to another person, the new owner is covered by the third party liability Insurance and also by the comprehensive car insurance policy (if there is any) within a period of 3 weeks after the change of ownership. When there is a new active insurance policy, all deductibles under the insurance will be paid by the new car owner.

Auto insurance does not cover damage to vehicles in company possession for purpose of sale

Depending on the car insurance policy agreement between you and your insurance company, there might not be a need for you to notify them when the terms in the policy agreement changed. The consequence of refusal to notify the insurance might be forfeiture indemnity and compensation if an accident occurs or reduction of the indemnity and compensation or lapses in the payment if indemnity and compensation.

Therefore to avoid the consequences stated above, whenever there is a change in the policy information notify your insurance company immediately.

You can purchase the same auto insurance from two different insurance companies without terminating the initial insurance with the first company but when an accident occurs, the agreement in your car insurance policy will applied, and this may mean that both companies pay half is the cost for the accident each.

Another important thing to note regarding auto insurance is the deductibles which are based on the agreement in the auto insurance policy. Deductibles are deducted only once in cases of an insurance event involving both third party liability and damages under the comprehensive auto insurance.

No deductible will apply in situations such as:

1. Damages from a known liable tortfeasor

2. Damages from fire, explosion, lightening or theft

3. Damages from items falling on the car.

Furthermore, there will be additional deductible if there is driving damage to the car by another person other than the policyholder, or any registered user of the three car under the auto insurance policy.

There are certain accidents which your auto insurance policy may not cover. Under the liability insurance, your auto inside policy does not cover;

1. Injury to the driver

2. Damage from the carriage of goods by road under the acts of contract

3. Damage to attached vehicle

4. Damage which occurred at the time the vehicle was rented out unless it can be proved that the damage is as a result of occurrence which is in accordance with the auto insurance policy

5. Damage to items belonging to the driver, policyholder, anyone stated in the auto insurance policy it a regular user.

The following accidents are not covered by the comprehensive auto insurance:

1. Damage resulting from weather conditions

2. Damage car parts during repairs unless it can be proved the damage had occurred during the driving or by fire

3. Damage in the electrician and mechanical parts the vehicle, unless it can be proved the damage occurred in accordance with the auto insurance policy

4. Damage resulting from reckless driving i.e. Overheating or no change of oil

5. Damage which occurred while the car was rented out

6. Damage which occurred from intoxication of the driver

7. Damage caused intentionally by grid negligence

8. Loss of the car due to seizure of the car by law enforcement authority

9. Damage under warranty and guarantee

10. Damage from usage of the car such as wear and tear, scratches on the car body and so on.

Duration of the auto insurance policy is based on the agreement between you and the insurance company. Most auto insurance agreement are annual and are renewed yearly unless it’s canceled in writing by the policyholder or the insurance company with a month’s notice.



Source by Mike Heuer