Car Insurance: What is it, Exactly?

Car insurance is the agreement between an insurance company and an insured individual, with the latter paying premiums to the company in exchange for compensation should there be an accident on the road.

Finding A Deal On Car Insurance

There are several kinds of car insurance, some of which are required by law in order to legally drive. Policies are always specific about what damages are covered and how far the company will compensate the holder. Finding the best deal is can be as simple as getting a free quote from a reputable website.  Go online and find a review site to narrow down the best options for car insurance in your area.  Shopping around for car insurance is a great idea to make sure you find the best deal.

The most basic function of car insurance is to help handle the damages that a vehicle undergoes in an accident, which is known as collision coverage. This is not required by law but if you purchase a vehicle with a loan, then the lien holder will often want it. There is always a coverage limit with this insurance, with most companies starting at $100,000.

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Apply for Student Loans: Use a Financial Aid Advisor for Federal and Private Student Loans

Consider Using a College Financial Aid Advisor for Federal and Private Student Loans

Financing higher education can be overwhelming, especially if you are going through the process for the first time. Everything from your family’s financial status to your education plans will play a role in determining how much college financial aid you are eligible for in the way of grants, scholarships and federal and private student loans . If you are applying for student loans and other types of tuition support for the first time, consider building a relationship with a financial aid advisor who is familiar with the process.

The Role of an Financial Aid Advisor as you Apply for Education Loans

Your financial aid advisor will be there to guide you through the entire college financial aid process, from financial planning through application and award acceptance. They can help you make sure that you are taking full advantage of federal college financial aid options by correctly filling out your Free Application for Federal Student Aid (FAFSA) and making sure you remain aware of important student loan deadlines. Additionally, they can help you to understand you options for private student loans if needed.

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10 Things To Know When Setting Up A New Business

This is a guest post.

Setting up your own business, earning your own income and creating a new life for yourself all sounds great, doesn’t it? But in these tough economic times, it isn’t the easiest thing to do; so it’s important to be serious and have a plan. The first step is to educate yourself on what is required, before you can even get started.

1. Have a plan

Writing a business plan may sound like a needless task when no one will see it but you.  However, just doing this will help you map out where you intend to go, with key milestones, supported by information on how you’ll achieve this. This will help you calculate all your costs, create an annual budget and give you a stable base on which to build your new business.

At this stage you need to think about the business savings account you’re going to open for those all important funds. Choosing to set up a business account allows you to choose from a variety of fixed rate and flexible access business savings accounts to match your personal requirements.

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How Balanced is Your Retirement Portfolio?

This post contains guest content.

There is nothing more important than planning for retirement. Whether you are in your 20s or in your 40s, it is always the right time to start thinking about how you will support yourself in the retirement years. It is essential for you to think about the way in which you will distribute funds in a Roth IRA or 401(k) account. As you devise your portfolio strategy, here are some tips to consider.

1. If you’re young, choose high-growth stocks.

If you are young, then you have time on your side. Think about choosing some stocks that are considered a riskier investment. This does not mean that you should not look into the actual value of the company as well as its debt-ratio. You should still make sure that you are investing in companies that have high value. Just know that you can afford to invest in pharmaceutical, “green” or tech companies. These types of companies are set for high growth in the upcoming decades.

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Overcoming the Financial Challenges of an Accident

One of the most significant challenges one can face in the aftermath of a serious accident is the burden of remaining financially solvent if one has been left unable to work. This type of devastating injury creates a variety of psychological impediments that are only compounded by money issues. Even in cases where one expects to ultimately recover from a legal settlement, the period prior to realizing that result can be difficult. Fortunately there are steps that one can take to stay afloat and manage one’s finances, particularly during the transition period:

Explore Disability Benefits

While it is very easy to succumb to feelings of defeat, remaining proactive is often the best way to address one’s financial needs. Many employers not only offer short-term disability benefits as an option, they may automatically provide it to their employees. It is critical to explore this option early because there may be a time limit for filing a claim. It is unlikely that this money will alone be sufficient to cover all of one’s expenses, but it can serve as an important bridge.

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Why is Public Liability Insurance Necessary?

There are not many business owners who don’t take measures to protect their business from possible third party claims. For this reason, most business owners carry some level of public liability insurance. Without this coverage, businesses could be quite vulnerable to possible claims which could have detrimental effects on the business.

If a third party becomes injured or has their property damaged due to suspected negligence on the part of a business, they are entitled to file a claim seeking retribution for the incident. Sometimes these claims can be settled out of court. However, many times legal assistance is needed. Legal fees can be quite costly. Fortunately, if a business has public liability insurance, these expenses can be covered up to the policy limit. In some situations, claims must be taken to court. These expenses are also paid by public liability insurance.

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Things to Think About Before Trading Forex

Forex trading, or FX for short, has become a popular investment option over the past few years for a variety of reasons.  The biggest reason for this is because it is a huge market – currencies are the most traded (liquid)  asset in the world, and as such, there can be huge profits to be had.

Many traders also like Forex because it is traded on margin, typically 1% or 100:1 leverage.    That means that with as little as $100, you could have a $10,000 currency position.  However, that highlights one of the many risks of Forex trading, which you can read below.

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Budgeting Tips for New Parents

Few things compare in this world to the joy that comes with having a newborn baby enter the world. Parents will spend ten months preparing for their bundle of joy by purchasing toys, furniture, diapers, formula and countless other necessities. One basic fact that all parents should know is that children are very expensive! Before you continue spending money on endless amounts of toys and outfits, it would be wise to start thinking about saving your coins. All parents want the absolute best for their children, but sometimes the expensive toys and outlandish furniture cause financial troubles for families. New parents have a massive amount of issues to consider when it comes to raising children. A great way to start is to make sure you are financially stable enough to support a child. Here are a few great tips on budgeting for new parents.

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Asia’s 5 Best Cities for Culture

There are hundreds of cities to consider for a trip to Asia. However, there are a few that stand out among the rest as excellent places to get a full dose of culture.

Shanghai

Shanghai is a huge metropolis that has everything China has to offer and more. If your time is limited, but you want to get the best experience of Chinese culture, then Shanghai is surely the way to do it. Book into a Shanghai hostel to save money as there is plenty to do and see.  Perhaps you’re after the hustle and bustle of everyday life, then get down to the markets, where the smell of deep-fried soy is unmistakable. As for architecture, you’ll find old buildings like the Jing’an Temple nestled among shining modern towers, and Western-style buildings speak to its eclectic influences. The city is old, and it has held its cultural and political importance since the 1930s. It is the place to get to know China.

Image: Jing’an Temple. Credit:  by kanegen

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Don’t Let Personal Injury Bankrupt You

If you have been injured in a motor vehicle accident or an accident at someone’s home or business, one of the first things you must do is find an injury attorney. Medical bills are a predominant reason behind many personal bankruptcy filings. Don’t let this happen to you. If you find an injury attorney, he will work to make sure you get the medical treatment and financial compensation you deserve.

Medical bills, car repairs and lost work time are just a few ways personal injury can bankrupt you if you do not have legal assistance. Lost work time lowers your income which can make it difficult if not impossible to pay credit card bills, student loans, utilities, food and rent. Some people file Chapter 7 bankruptcy to get relief from all of these obligations. However, do not file bankruptcy lightly because this decision will follow you around for the rest of your life and negatively affect your credit rating for 10 years.

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