Cars in today’s time are considered as a necessity by many. Often, people drive cars to go to work or school or they use it for business purposes. There are also some people who considered cars as a luxury. Most of them think that cars are liabilities and its value depreciates over time. Every person has different objectives in buying a car. Some just wanted to keep up with the trend whereas others buy because their current car is too old. Whatever the reason is the following pointers will help you decide whether you should buy a car.
Mobility Public transportation is relatively cheap as compared with having your own transportation system. But the problem with public transportation is that you keep on waiting for the next bus or train to arrive. If you have your own car, you can go to the places that you wanted to go in your own time. Another is that public transportation follows certain route. If you have your own car, with the aid of navigation systems, you can always find alternative routes to your destination especially when there is a heavy traffic in your place. Time and route are not being limited if you have your own car. Reliability Have you ever experienced the time when the bus or train was delayed due to unforeseen events? Have you ever experienced being late because of those unforeseen events and you keep on saying sorry to your bosses or business partners? Most of the times you just wish having your own car so that delays would easily be avoided. Cars offer a very reliable way of getting around especially if you take good care of it. Additionally, there are cheap travel insurance packages in Singapore to keep your covered all the time. Comfort Most seats in public transportation are not really made for passengers’ comfortability especially in long-distance travels. Most of the times you can’t recline your chairs because people seating behind you find it annoying. Unless you always wanted to pay for first class tickets, seating in your own car has never been much comfortable. Another thing that you would want to avoid is standing on buses or trains at times when it feels like all the people in your city are traveling. Long-distance travel while standing makes it notoriously uncomfortable. Safety Some of the unforeseen events that can happen during public transport are theft or harassment by another passenger. If you have your own car, you know who you are with and that will make you feel safer. In times of a car crash, cars nowadays are designed to protect its passengers from collisions. If your car is robbed or had been subjected to car crash, you can always seek help through your car insurance companies. In Singapore, car insurance providers give a wide range of coverage. Style and Personality Celebrities and business people buy cars that quickly identify their personality or social status. More expensive cars can sometimes be equated to a person having more money and more money can sometimes mean more credibility than your competitors. Car manufacturers also create cars that suits you and sometimes they can as well be modified depending on how you would want it to look. Even the engine of the car can be modified as well depending on how fast and for what purpose of your car is.
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Travelling has become a modern day fascination. And for many, it has even become a passion whether personally or professionally. Leading the travelling revolution is a new generation of travellers with a new set of agenda and demands that has put new pressures in the travel insurance industry.
There are the millennials, officially the largest generation in history and also the largest segment of travellers today. This young generation have more disposable income and wants to make the most of their youth by conquering new places, cultures and experiences. And they are also the major of travel insurance almost dictating major trends and tastes and get exactly what they want, how they want it. And as the millenials are more likely to dominate the market in the next few years, this trend may be here to stay. When planning to travel, millennials want their options conveniently available to them. They want to be able to research and book their trips and tours online and many international travel insurance companies are cutting-in on the on-line action by providing services to these market base where they could compare travel insurance terms and coverage, custom-designing a travel insurance policy and other travel consulting assistance in order to get in the good graces of these millennial travellers. And as far as adventurism goes, there is also the trend towards more exciting itineraries and activities like safaris, hiking, cycling. In the last few years there has also been a surge in overseas travel for bunjee jumping, rock climbing, spelunking, sky-diving, surfing and other extreme recreational activities and international travel insurance companies need to beef-up coverage of their comprehensive travel insurance packages to meet the new and additional risks inherent in these new stand out travel activities. On the safe side, travelling is expected to come down to food and food tourism has become an emerging trend among travelers everywhere. These food experiences are also not limited to simply dining out but actually include taking cooking courses, farm tours and standard food markets grocery shopping. Tourism travel insurance companies have taken notice and have devised better coverage terms in health related dangers such as allergy or intoxication that can come from trying out exotic treats in a foreign land. Travellers today are also bringing more valuables particularly gadgets and mobile technologies like high-end phones, digital players, laptop computers, tablets, and a host of other mobile devices. Travel insurance companies can therefore improve their packages by standardizing or upgrading coverage of gadgets and digital devices in their comprehensive packages. And finally, there has been a documented trend in ‘staycations’ where many travellers stay around their destination for extended periods to enjoy their vacation time. This has been great news for local tour and activity providers and their communities as more people are looking to boost their local economies with trips close to home. This however provides a challenge for travel insurance companies since these extended stays significantly jacks-up the risks associated with travelling and many companies need to reimagine their packages and improve coverage for longer periods of stay while remaining relatively cheap or at the very least, still reasonably priced. People who were able to acquire their first own cars are usually excited to take it out for a ride. If you're one of them, don't just go with the flow. Before you direct it to the road for a drive, take some time to get your vehicle the yearly required insurance it needs as provided by a car insurance company.
Generally, those who just bought their new cars would probably have an included insurance coverage as suggested by their agents where the vehicle was purchased. This may look like a good deal, but in addition to paying the annual fees, you also need to think about the particular coverage that your insurance provider gives. Remember, you deserve to know what you’re paying for in order to get the worth of your money. In relation, this article offers information about some of the things that you should consider when choosing the insurance policy for your car. 5 Key Points to Remember When Selecting a Car Insurance Policy Below are some of the important things that you need to take note of when choosing a better car insurance plan, especially in Singapore, that is useful for comparison purposes as well. 1. Car Insurance Annual Premium For you to pay on an annual basis, what you will really need is a premium policy, which allows you to access your insurance coverage. Most of the insurance provider offers different annual premium rates that are also subject to what all insurance companies follow, the Risk Factor Rating System. A system that identifies how likely a person will get into an accident based on a lot of factors including the gender, age, driving experience, and more. This means that in the event that you get yourself involved in such happenings, then your premium policy is considered higher than usual which is more beneficial for you. 2. Authorized versus Other Auto Repair Shop Companies that operate in the insurance industry have a list of car repair and service shops that they considered as their authorized party for repair work covered by insurance. To know more about what your insurance company offers, check its policy if it allows you to select your preferred workshop or it only sticks to a list of authorized repair shops to fix your vehicle. 3. Comprehensive versus Third Party Coverage As the title implies, comprehensive coverage gives a broader coverage that leaves out only damages caused by nuclear terrorism, civil unrest, and natural disasters. Third party coverage, on the other hand, provides limited coverage for a lower premium, which shoulders the costs for the other party’s damages but not your own. 4. Excess Excess, on the other hand, is a charge that you are required to pay in case you want to file a claim in order to cover the entire cost of the incurred car damage. To protect most insurance companies from going bankrupt, the excess is often used. Another known purpose is to make drivers more conscientious on the road despite being insured. It's a given scenario that individuals usually think that they are all good as long as there is an insurance company that can cover their accidents. |
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May 2018
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