Ins and outs of getting car warranty for a BMW

car costingsThe question that you will come across when you are buying car warranty for your BMW is not from where to buy it but what kind of warranty you buy. Since expensive cars like BMW need special skills and expertise for repair and maintenance you have to look for manufacturer backed warranty so that you are assured of quality service. Obviously, the dealership from where you have purchased the car is the first stop for buying car warranty but that does not mean that you are obligated to do so. You can hop between dealerships to get the best bargain for all car makesbecause extended warranty packages from different dealerships can vary in content and price.  Instead of concentrating on the price alone, look into the aspect of coverage offered as both factors determine the worth of the warranty. There are some more aspects that you should consider to get the best deal in car warranty.

When to buy?

In the car trade it is a well known fact that car warranties are cheaper when purchased early, even at the time of buying the car. Should you then buy car warranty at the time when you drive out the car from the showroom?  Yes, because you get better price at that time and since it is an expensive car you would certainly like to continue with the warranty that is backed by the manufacturer – so it does make enough sense to buy it then. But if you want some time to shop around, it should not be a problem as you can delay the buying by a few weeks to complete the exercise.

Shop online

Go through the websites of car insurance companies to assess their potential and check their credentials. Ask friends and acquaintances for referrals about companies that they have found to be reliable and competitive. Make comparisons about the quality of service, whether it is backed by the manufacturer or not and then float enquiries to obtain online quotes.

Weigh the price and coverage

Judging the offers is a tricky business and has to be done with careful considerations. The price that is quoted has to be related to the coverage that you get and some added facilities which are part of the package. Truly speaking, pay more attention on the coverage than the price because insufficient coverage can actually turn out to be a very expensive deal. Although you might be paying less upfront, exceptions and exclusions can force you to spend from your pocket for repairs.

No matter how reputed car makes might be, it is likely to fail once in a while and when it happens repairs can be quite costly. Both spare parts and labour are very expensive for this brand.  The car warranty takes effect after about three years from the date of purchase of the vehicle and this is the time when the effects of wear and tear become much visible. Therefore, make sure that repairs arising from wear and tear are covered by the warranty.

Evacuation Insurance Tips For Travelers

Insure your trip, health and property via emergency evacuation cover or insurance scheme.

Have you ever gone through a situation where in you are traveling abroad and have faced a sudden health issue? If yes, then you might have to face an uncertain financial crisis to pay off your medical bills and hospital charges. If not, you might be aware of these uncertain and sudden requirements that shall be taken care prior traveling abroad. One of the essentials that you must keep in hand is your expatriate medical cover. The decision of taking an insurance cover for your international tour is a very private affair. It depends from person to person whether to feel the requirement of insuring their international travel or not. But, before they decide let us brief you about why expat travel insurance is so necessary for someone who is planning to travel abroad.

There are various evacuation and travel insurance that reimburse flight delay or theft coverage but, often due to lack of knowledge people tend to opt for other insurance scheme, which is a big loss indeed for them. Besides, if you opt for a cheap insurance cover you might not get the coverage or any related service for your lost baggage or any other valuable lost items such as laptops, cameras, credit cards and all. Thus, it becomes very essential for you to know what all do you need to look upon before taking an international health travel insurance.

Tips to choose the apt evacuation insurance plan for you:

  • Finding the Right Coverage
    • Look through various Travel Health Insurance plans
    • Trip Cancellation cover
    • Flight Delay and Lost Baggage cover
    • Personal belongings or any other valuable item coverage
    • Budget Considerations
    • Look for medical coverage such as paying off hospital bills, etc.

If you are a regular traveler you often get to learn from your prior traveling experiences. You then know and realize that what an international travel medical insurance scheme can do for you. In case you are planning for your very first international travel then you need to know the importance of taking insurance. So, have a safe journey by taking prior measures and a right insurance scheme to cover all your health and travel related expenses.

Rental Car Insurance Types

If you are planning to rent a car, you should know the right type of rental car insurance policy that will provide coverage. By knowing your options, you will be able to forestall squandering money or buying redundant coverage.
Did You Know?
Many credit card companies often offer free or minimal cost rental car insurance. However, you may have to use your credit card to pay for the rental charges of the car for availing these benefits. As these benefits will differ from company to company, it is advisable that you check the rental car insurance policy with your credit card provider to find out about the coverage and terms.
car-insurance-policy
Right when you are filling out the form for a car rental, the salesperson will persuade you to believe that you need a wide range of rental car insurances. He will make you believe how it is necessary for you to get maximum coverage. However, most of these insurances are extremely costly, and you hardly require all of them. Many times, your personal auto policy will cover most of your car rental insurance requirements. There are policies which cover car towing charges, loss, theft, and damage in your rental car to emergency medical expense coverage in case of an accident. Not only this, but a car rental policy provides accidental death benefits. Hence, it becomes all the more important that you know exactly which type of insurance coverage will be suitable for you. Here, Buzzle has explained the types of car rental policies in detail.

Loss Damage Waiver (LDW)/ Collision Damage Waiver (CDW)

This is not a rental insurance coverage but a waiver which will help you out in case the rented car is damaged, stolen, or a theft occurs in the car. The reimbursement will also cover: (i) the repairing expenses; (ii) valid ‘loss of use’ cost for the rental car (as it will lose out on rent while the car is getting repaired); and (iii) ‘diminished value’ cost as the damaged car will fetch lesser resale value. Sometimes, it also covers the towing charges to the nearest repair center. They usually cost anywhere between $20 or above a day and are extremely costly. In most cases, your personal vehicle insurance will cover this loss; however, you should get these waivers if your policy has a limited liability.

Existing Auto Insurance Coverage

In most cases, your existing personal vehicle insurance will cover you even when you are driving a rented car. You should check the details of your personal policy before going ahead and getting car rental insurance. In all probability, your personal auto insurance is already covering your car rental insurance needs. However, there may be certain limitations of caps to the policies. For example, there are policies which will not extend this coverage to rental cars. Most of the policies will cover you in the US and Canada, but not when you are traveling to any other country and have rented a car there. Some may extend collision coverage, while others may not offer the reimbursement for theft.

Supplemental Liability Insurance (SLI)

Sometimes also called Additional Liability Insurance (ALI), it is an optional policy, which may cost as good as half of your rental car cost. In most cases, public liability and property damage will be provided by your car rental. The car rental company will provide you Financial Responsibility Limits when you buy an SLI/ALI. Some states provide basic coverage if you have an insurance policy for your own car. But you can opt for this policy if you do not have that coverage or it is not sufficient enough. Just imagine a scenario when you are vacationing in some other state and meet with an accident with another car. The passengers in the other car are injured and the car is severely damaged. If you hadn’t taken out this policy, you would have had to shell out the medical reimbursement and car damage amount from your pocket. However, if you have opted for this smart insurance, your liability will be covered by ALI. Please note that it will not cover the damage to your rental car and will be useful for third party only.

Personal Accident Insurance (PAI)

This is again an optional policy which will protect the renter and the passengers in case of an accident. In most cases, your personal car insurance policy, health insurance, or travel insurance should provide the same coverage. If it doesn’t, you can opt for this policy. It gives a one-time payment for injury or death of the renter or other passengers. Remember that this policy does not cover damage to the car or any other property. A primary renter is usually protected from both inside and outside the car; however, passengers may be covered only when they are inside the car. In case of an accident, this policy will provide accidental death benefits and medical expenses for the injured as well.

Personal Effects Coverage (PEC)

So, your luggage got stolen from your rental car? As a renter, if you had availed for a personal effects coverage, it would have insured any risk of loss and damage to your personal belongings. At times, it also covers your family members if they are traveling with you in your rented car. This is also an optional insurance policy. In most cases, this will be covered by your personal vehicle insurance policy. However, if it has limitations or does not cover theft or loss of personal goods in a rental car, it is advisable that you avail this insurance.

Here is a small travel tip which can make a huge difference. When traveling to Europe, your car rental company will make you buy ultra expensive excess car rental insurance. Hence, instead of going for the ‘excess’ CDW or super CDW coverage of £500 – £1,000 which the car rental firm will sell you, buy the insurance independently. This way, you will save a lot of money. The terms of insurance may differ; hence, personally go through the insurance documents provided by the car rental person. It is important that you are aware about these various types of rental car insurance in order to get the coverage that will suit your requirement.

Tips to Buy It Online

Time is one resource that everyone equates to money and why not? Every minute well spent can earn you money. Considering this fact, you may be wondering what is the quickest way you can buy the travel insurance so you can spend the rest of time planning your trip to make it so much more constructive. Just go online and buy your travel insurance. This has a lot of advantages:

Advantage 1: Save on time

The single most motivating factor to buy your insurance online is savings on time. You have all information regarding travel insurances at the click of the mouse. You can first educate yourself about these plans so you can have a more realistic expectation when you make up your mind to invest in an insurance plan.

Advantage 2: Better Clarity

Internet is huge and the information available will help you think in every possible angle before you decide on the travel. The various reviews, forums etc will give you different perspectives and hence you will be able to weigh the pros and cons better when deciding on the insurance plan. This will also help you understand all the pitfalls you may encounter and how best to avoid them based on other’s experiences.

Advantage 3: Compare Effortlessly

If you want to consider your money well spent, you need proof to substantiate it. Investing in the very first insurance plan you read about may save you time but you may always have a doubt if you have spent money in the right place. All these doubts will find no place when you buy travel insurance online.

Before the purchase, you can compare the various travel insurances available and which works out best for you without having to go from pillar to post to do the same. There are plans that offer the very best to you including trip cancellation insurance. Investing is such a place would make you feel a lot better and confident.

Advantage 4: Time no Restriction

Wading through the hectic traffic could be quite an effort. If you have to brave through it to reach the insurance companies when they are available, the whole process could get difficult in addition to juggling with your job.

There are insurance agents who will come to your doorstep, again the only issue would be to find them arrive at a time of your convenience. Just go online and all this could be avoided. You can get the travel insurance at any time of the day with no restriction in mind.

Advantage 5: Clarifications Online

During the process of deciding on the international travel plan, if there are any doubts that you have in mind, these too could be clarified through mails. In addition, many insurance companies also have dedicated helplines that will give you access to them in a matter of minutes.

When technology has woven a network just to make our life simpler, it is up to us to make use of it and save on time and effort.

8 Tips to Save on Travel Insurance

There is one aspect that you have always to remember before starting your trip: Travel Insurance. Any health or accident issue abroad can lead to exorbitant costs.

One night in a hospital in USA can easily result in over $10,000. There are many cases where people were treated abroad and afterwards got six-digits medical bills. Obviously such issues as a stolen laptop or video camera can be quite costly as well.

We created a long list of travel insurance tips to help you to save on travel insurance! So, let’s start!

  1. Travel medical on your credit card: Check your credit cards – one or two may already have Travel Medical Protection, both for you and sometimes for your family members too.
  2. Various credit card perks: Not sure if you need to buy a Flight Delay, Trip Interruption/Cancellation and Baggage Loss – check out your credit cards, sometimes you will be surprised what you will find.
  3. Liability via Home Insurance: Thinking to buy an extra Umbrella / Liability insurance for your trip e.g. in case you hit somebody when skiing? Your Home Insurance might already have a worldwide umbrella protection – check the policy or ask your broker / insurance provider.
  4. Protection for belongings: Wondering if you need to pay extra to protect some of your belongings while on a trip (e.g. expensive camera) – your home insurance might protect them as well while you are travelling and have them with you.
  5. Multi-trip travel insurance: If you travel several times a year, it often makes sense to take a multi-trip insurance policy as opposed to getting every time single-trip policy.
  6. Family travel insurance: If you travel as a family, it sometimes makes sense to buy a family travel insurance policy rather than buying a separate plan for each member of the family.
  7. Shop around: Search, Compare, and switch insurance companies. There are many insurance providers and their price offerings for the same policies can be very different, therefore use multiple online tools and talk to several brokers since each will cover a limited number of insurance companies.
  8. Burglary insurance:Some credit cards offer this kind of protection if some of your personal belongings disappear from your hotel or motel. Don’t forget to pay for your trip and hotel stay with a credit card that offers this protection. Attention: your protection may extend to USA but not necessary to other countries e.g. Mexico.

10 Tips to Buy the Smartest Travel Insurance Policy

Why invest in travel insurance?

Travel insurance is the backbone of your travel plan as you can not only be at peace but also can ask for compensation in case of any uncertain event occurring during your vacation. There are many benefits of investing in a suitable travel coverage plan. The frequency of uncertainties has increased these days. Terrorist attacks, thefts and robbery are some of the commonly happening events. You never know how bad you will be affected by such uncertain events while you are out in an unknown destination for a vacation. Insurance is a tool that helps you stay protected throughout your trip and offers you good amount of compensation in case of any emergency or an uncertain event. Nowadays, buying suitable travel coverage tops the list of any travel plan. The tourism industry in India is doing a great job by offering attractive travel packages to the residents. Buying a suitable travel insurance plan to match your vacation package has never been so easy before.

Buying travel insurance online

It takes just a few clicks online to search for available travel plans and compare them with their features and coverage details. Comparing available travel coverage plans through online quotes is the smartest way to search for the most suitable ones. As premium is the primary factor to consider, you can calculate the premiums associated with different plans by using the online calculators and invest in the smartest one.

Tips to buy online travel insurance

Here are some effective tips to buy travel insurance policy that suits your requirements:

  • Before searching for the travel coverage policy, firstly decide about the place where you would like to spend your vacation at. After you finalize the travel destination, search for reputed travel companies online and ask for the variety of plans that they offer.
  • For aged people, it is a must to opt for a plan that covers emergency charges and medical expenses along with ambulance and hospitalization fees.
  • If you are a regular traveler, you can easily locate a discounted travel coverage policy.
  • Your coverage elements would differ as per the place where you are planning to visit. For an adventure trip that includes activities like sea diving, mountain climbing and rafting, make sure that the policy covers compensation for loss of luggage and personal injury.
  • There are different insurance policies for business travelers that usually cover compensation for loss of business related accessories and uncertain expenses.
  • Students travel policies would cover uncertain events during their abroad visits for education.
  • Family travel policies would offer compensation to your entire family against events like delay in flights, loss of checked baggage and interruptions due to hijack.
  • Avail assurance from the insurance company that they would refund the tourism amount in case of cancellation of trip due to uncertain events.
  • Be ready with your coverage checklist before applying for any travel coverage plan.
  • Some insurance companies also offer pet insurance policies to travelers who want to take along their pets for the trip.

For a safe and peaceful journey, buying a suitable travel insurance policy is a must.

Car Insurance Tips That Will Save You Big Bucks

The average cost for car insurance in the United States these days is more than $1,000 a year. But you can save on your car insurance by following these car insurance tips …

Get All the Discounts You Can

Discounts are the best way to save on car insurance because you lower your premium without sacrificing coverage. Common car insurance discounts include:

* Discounts for purchasing your home and auto insurance through the same company.

* Discounts for being a good student discount.

* Discounts for safety features such as automatic seat belts, airbags, and anti-lock brakes.

* Discounts for having taken a defensive driving course.

* Discounts for being accident free for a certain number of years, usually three years.

* Discounts for anti-theft devices such as auto alarms and electronic disabling devices.

* Discounts for being in law enforcement or in the military.

Ask your insurer if there are any other discounts you might be eligible for and be sure to include them in your policy.

Keep Your Coverages Low and Your Deductibles High

Your state has certain minimum liability coverages you need to have in order to drive your car. Your premium will be lowest if you buy just the minimum coverages, but keep in mind that you may not have enough protection in case of an accident.

In addition to liability coverages, you can choose whether to purchase collision and comprehensive coverage. Collision coverage pays for physical damage to your car caused by an accident. Comprehensive coverage pays for physical damage to your car caused by … well, just about everything else, such as fire, hail, vandalism, storms, etc.

If you buy collision and comprehensive coverage, set your deductibles as high as you can afford. The higher your deductibles, the lower your premium. Raising your deductible from $250 to $1,000 can save you up to 50% on your yearly insurance cost.

Shop Around

Insurance premiums vary widely from one insurance company to another. You need to get quotes from several companies in order to get the best rate. Fortunately, the Internet makes this job easy. You just go to an insurance comparison website and type in your insurance information. You’ll then receive quotes from multiple A-rated insurance companies.

These Car Insurance Tips Can Save you a Bundle

With the rising number of car accidents and the rising cost of car insurance these days you want to be sure you’re getting the best insurance at the best rate. Here are three car insurance tips that will show you how to save the most amount of money.

Car Insurance Tips

Car Insurance Tip #1 – Shop for quotes. Shopping for quotes is by far the best way to save the most money on your insurance premium. There are a number of websites that will give you quotes from top insurance companies so you can compare them and get the cheapest rate. (See links below.)

I’ve known people who’ve saved $500 to $1,000 on their car insurance simply by switching companies.

Car Insurance Tip #2 – Increase your deductibles. A deductible is the amount you pay on a claim before your insurance kicks in. Most of us never file claims for small amounts of damage because insurance companies can hike up your rates if you file too many claims, so it only makes sense to increase your deductible to an amount you feel comfortable with.

Increasing your collision deductible from $200 to $500 will cut your yearly premium by 15% to 30%. Increasing it to $1,000 can cut your premium in half.

Car Insurance Tip #3 – Drop collision coverage. Collision covers the cost of repairing damage to your car regardless of who was at fault. If you drive an older car, consider dropping collision coverage if your premium is equal to 10% or more of your car’s value.

Dropping your collision coverage can save you $300 to $500 a year depending on the age and make of your car.

Keeping You Safe

For anyone planning to get a new car or renew or change their insurance, here are a few car insurance tips. Firstly, driving without insurance is illegal and generally not smart because you never know when something can go wrong, often out of your control, and cause you to be without a vehicle because you crashed.

So if you’re looking to get or change your insurance, try looking online first. Online insurance is the wave of the future. All the top companies are switching to online for many reasons. They don’t have to mail you anything, so the cost is lowered for them since they don’t have to print anything on paper.

A big mistake many people make is going with the first company they find and not shopping around. The worst thing you can do is go with one that charges you just for a quote. You don’t need to be spending money just to find out how much their rates are, what they offer, or anything like that.

Along with the car insurance tips comes the idea that discounts are available from almost any leading insurance company. Many of these come from your driving habits, like having a good history of no accidents, but some can be awarded because your car has certain safety equipment or if it was built after certain standards were created.

Another part of the car insurance tips you’ll want to know is the benefit you can get from combining your car insurance with other types within the same company. Your life, house, and other insurances can be bundled together to provide not only more complete coverage, but for less money than you would if they were separate.

An important skill to note from these car insurance tips is comparing companies to find the best one for you. Since you’ll probably want to go with those that don’t charge you to see a quote, you’ll be able to test things like price, coverage, and how much you’d have to pay if you were in an unfortunate accident.

So if you’re ready to find more car insurance tips, there are a few good places to start. Finding information about car insurance online is as easy as typing in the name of the company you’d like to research. From there, you can just branch off into the others and mix and match to perfection.

Now that you’re an expert on the subject, you won’t need any more car insurance tips. What you’ll want to do now is go out and find the best one for your situation. Talk to a representative, set up an online profile, and get the ball rolling. You’ll feel safer and more secure after you do.

Top 5 Car Insurance Tips That Every Driver Must Know

Car insurance is a complex subject, albeit a necessary one. Many drivers tend to be fed wrong information through word-of-mouth advice or misleading websites. It is very important that drivers know the myths from the facts regarding car insurance so that they can understand their coverage and make informed decisions. Here are some car insurance tips that drivers need to know.

Tip No. 1: Understand how a ticket increases your car insurance rates. Many insurance companies only charge for moving violations, so parking tickets do not affect your insurance. Similarly, there are many other types of tickets which do not cause an increase in the rates, and they vary from company to company.

Tip No. 2: Car insurance does not cover everything inside or on the car. Many people have a common misunderstanding that stereo equipment and aftermarket parts added on the vehicle are covered by their insurance policy. While the coverage depends from person to person and company to company, in most cases, the coverage for the car contents is very low. A car insurance policy is mainly used for covering impact damages to the car and medical bills resulting from accidents. So, ensure that your home insurance covers these add ons. If you have equipment and aftermarket parts installed on your vehicle, make sure you keep the receipts for the same.

Tip No. 3: Understand your no-fault insurance: No-fault insurance is a gray area. It does not mean that, in case of an accident, no one is at fault. There is always someone at fault in a collision; just that, irrespective of who is at fault, the companies pay the claims for their respective subscribers. The at-fault party naturally will see increased rates.

Tip No. 4: Insurance does not cover every car you borrow-If you happen to be driving a borrowed car and are at fault in a collision then the owner of the car will see a rise in his car insurance rate, not the borrower. This is especially important to understand and be aware of in case you happen to borrow cars frequently from friends.

Tip No. 5: Understand the legal minimum prescribed by your state: Each state has prescribed obligatory legal liability coverage and every driver needs to be aware of this. But one must also be aware that this amount is not the perfect amount and does not cover collision and comprehensive coverage. Drivers need to carry more than the legal minimum to avoid out-of-pocket expenses in case of collisions. These legal mandates are in place to ensure that no one drives a vehicle without liability protection for other drivers.

These tips are essential to be understood in order to avoid penalties at later stage.