Tips on how to save money on car insurance

Keep your car safe. Keep it insured.

It’s 2017,a year to brainstorm, prioritize and execute. Start off the year with a bang by shopping for insurance. If saving money was your priority this year, then you most definitely need to consider having your car insured. But first things first, it all comes down to which insurance to go for.

SHOP AROUND: Prices differ from company to company, so it pays to shop around because you will be in a much better position to compare prices. Get at least three price quotes. You can call companies directly or research the information online. Most importantly, do not shop by price alone. Ask friends and relatives for their recommendations and read online reviews about the company.

Because of our sophisticated underwriting systems in Alpha Direct we could save you money by considering your individual risk profile. Premiums are calculated according to a client’s unique risk profile, meaning low-risk clients generally do not subsidize high-risk clients. Therefore, if you are a low-risk client, you could save 15% or more on your insurance costs.

DO EXTENSIVE RESEARCH: Be sure to find more about the company. How do they deal with claims? Are you certain your claim will be paid and paid on time for that matter? We cannot talk about insurance without talking about claims as well because accidents happen all the time.

With Alpha Direct, there is definitely no need to run around getting comparative quotes. Let us worry about that! When you claim, we do all the work for you. With us, there is no six-week waiting period for a stolen vehicle claim to be processed. Valid claims are paid out as soon as the necessary administrative process has been completed. Because of our highly trained staff, you are sure to have a speedy claims process.

REDUCE COVERAGE ON OLD CARS: It pays to review your coverage at renewal time to make sure your insurance is in step with your needs. For example, if your car is worth less than 10 times the premium, purchasing the coverage may not be cost effective. When this is the case, consider dropping collision and/or comprehensive coverage.

DRIVE A CAR THAT IS CHEAPER TO INSURE: Before you buy your next car, check car insurance rates for the models you are considering. The vehicle you drive affects your car insurance premium, particularly if you buy collision and comprehensive coverage. Safe and moderately priced vehicles such as minivans and small SUVs tend to be cheaper to insure than flashy and expensive cars.

SEEK DISCOUNTS: Companies often offer discounts to policyholders who have not had any accidents and who drive fewer kilometres per year than the average motorist for instance. Find out if there is any discount that the company has that you qualify for. For example, with Alpha Direct, you can get a discount if you insure more than one car or you buy more than one type of policy such as car insurance and home insurance.

If you do not have any insurance cover, you most definitely need to consider getting one. It is reassuring to know that you are covered financially if you are involved in an accident. Let the frustration,stress, depression and financial strain of being uninsured remain a 2016 thing. Get cover. Let your insurance worry about your car while you take a sip on the good side of life knowing you are covered.

6 Steps to Switching Car Insurance Providers

 

Insurance Signpost Meaning Claim Excess Contract And Policy

Most of us are beings of habit and loyalty and we are capable of sticking to one insurance company for many years. That is, when renewal time for your car insurance rolls around, it is very easy to just go ahead and pay the premium and stick with the same insurer year after year.

But that could be a costly mistake because if you were to shop around, you would literally save a lot more than what you are paying currently. So why not consider switching insurers?

If you find a rate that beats what you are currently paying and you decide to change carriers, you need to be careful so you will not wind up with a gap in your coverage. For a successful switch, follow the steps below;

1.Contact your current insurance company: Find out if you’re missing out on discounts with your current carrier. For example, you might qualify for savings if you have another policy with the company, such as your home insurance.

2.What will switching cost you?: If you do decide to switch, find out if there are any penalties for switching before the end of the coverage period. Because if there is a penalty, you need to do the math and see if it is worth it to switch now or wait.

3.Compare rates: To get the best deal you need to compare rates, gathering at least three quotes. In addition, you want to understand what is covered and how much protection you will have from a new policy.

4.Do some background research about the new company: Find out as much as you can about the company you intend to switch to. Are people happy with the way the company resolves complaints? Is the carrier likely to put blame on you should you be involved in an accident? Will your claim be paid and will it be paid on time?
Bottom line, do not ever sign a contract just because they offer cheaper rates. They may have lower rates but have a red tape-ridden claims service.

5.Make sure your old policy is canceled: When switching car insurance, it is important that you simply don’t stop paying premiums for your old policy. Be sure to call or write to notify the company that you are ending your policy and are going with another carrier. Also, make a follow up to make sure you get a written confirmation that you have canceled.

6.Flip the switch & Make a good first impression: With a new policy that is not even 90 days old, you most definitely don’t want to have a bad first impression by filing a claim. Drive safely!

TIPS FOR FILING A CAR INSURANCE CLAIM

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If you drive, chances are that you will eventually be in an accident, whether you are at fault or it’s the third party’s fault. Or even having an incident that damages your car, you still need to follow certain steps to file a claim with your car insurance company in order to get reimbursement.

First things first, when do you have to file a claim?
You need to contact your car insurance company as soon as possible following a car collision. Not only that, you will also need to file a claim if your car is stolen, damaged from a non-accident related event such as harsh weather conditions or fire as well as when your vehicle is vandalized.

Fortunately, with Alpha Direct, there is no six-week waiting period for a stolen vehicle claim to be processed. Valid claims are paid out as soon as the necessary administrative process has been completed. Because of our highly trained staff, you are sure to have a speedy claims process.

Information you will need to provide
You will need to provide your insurer with your full names and policy number, date and time of the incident, names, driver’s license and license plate numbers for involved drivers, addresses and contact details of all drivers involved, passengers and witnesses. Also, note any bodily harm incurred, if there is any.

Once you contact the car insurance company, your case will go through the following steps;
• Case assignment to a professional at your car insurance company who will work on your claim.
• Meeting with your claims professional to discuss your coverage and the situation.
• Evaluation by your claims professional, which can include inspecting your car, examining evidence of any injury claims, and an initial payment.
• Resolution of the case, including payments as appropriate.

Insured with Alpha Direct? Had an accident? What then is the procedure?
It is vital that you phone the emergency assist line (0800 600 143 or 393 0552) ASAP before the car is towed and when you are medically able to do so. The emergency assistant will arrange and authorize the towing of the car if necessary. Simultaneously, call the police at the nearest Police station and report the accident, even if there is no damage.

After you are safe and the vehicle has been towed be sure to call our claims line (M-F 8AM-8PM) at 0800 601 029 to report the claim and get the process started. It is extremely important to never admit guilt or offer a settlement to any other party involved in an incident in which you are involved.
You will then be required to fill out a claim form where your car will also be assessed for damages incurred so as to determine the cost of repairs. Lastly repairs will be authorized.

We hope you never have to claim, but hey, if you have to, that’s the procedure. Remember to always drive safely.

Why you need to go Direct with Alpha Direct

 

young cool black man okai sign

Direct Insurer: Direct Insurers like Alpha Direct allow you to deal directly with them which removes the need to pay broker commissions which can amount to a lot of money. This is because Alpha Direct has in-house agents thus enabling clients to talk directly to us without needing to go through a middleman. Did you know we also have a toll free number? Yes we do! 0800 601 029 is the number to dial and one of our friendly Alphas will be in touch with you.

Sophisticated underwriting systems: Alpha Direct considers a client’s individual risk profile. Premiums are calculated according to a client’s unique risk profile, meaning low-risk clients generally do not subsidize high-risk clients. Therefore, if you are a low-risk client, you could save 15% or more on your insurance costs.

Did you also know that being a safe driver could save you a lot? Safe drivers who have fewer claims on their motor policy generally get lower premiums on their policies. They also save money they would have otherwise spent on deductibles.

Fixed premiums for a full 12 months: We all need to have that peace of mind knowing that the amount payable is fixed and has no hidden costs.

Easy Claims process: With Alpha Direct, there is definitely no need to run around getting comparative quotes. Let us worry about that! When you claim, we do all the work for you. Its festive season, we all know all sorts of mishaps are highly likely to happen, such as car theft or accidents. Stay protected!

Fortunately, there is no long waiting period for a stolen vehicle claim to be processed. Valid claims are paid out as soon as the necessary administrative process has been completed. Because of our highly trained staff, you are sure to have a speedy claims process.

Awesome service: What’s a company without great customer service? At Alpha Direct we put you first and we are committed to giving you the excellent service that you deserve, be it in person or telephonically.

Zero hassles, zero stress!

2 Types of Car Insurance Coverage Explained.

What is insurance?

Today we take an in-depth look at two types of car insurance coverage; liability and comprehensive. Your car is expensive and precious to you. You most definitely need to have peace of mind knowing that it is protected from damage caused by accidents, theft and fire. But do both types cover all those? Read more to find out.

1.Liability insurance/Third Party coverage
In the event you are found at fault in an accident, liability insurance will cover you. It will cover the cost of repairing any goods damaged by an accident as well as paying medical bills from resulting injuries. Liability only covers damages or injuries done to third parties and their property, not to the driver and the driver’s property. Typically, with this type of coverage, there is no deductible, that is, nothing will come out of your own pocket.

There is always a major debate on whether one should go for liability or comprehensive. Stay put and read on before you make a decision!

2. Comprehensive
Comprehensive goes beyond liability to third parties. Remember liability covers damage done to the third party only. Comprehensive however, covers not only damage to the third party but also damage done to your own vehicle.
With this coverage, the company will pay for the repairs of your car. Should the unfortunate happen and your car is totaled in an accident, and the cost to repair it exceeds the value of the car, then this coverage will pay the value of your car.

If however your car is old, this type of coverage may not be necessary as compared to covering a new car or one that is of a much higher value. Imagine you have a brand new car and it is totaled in an accident, and the worst part is you did not have it insured, MMMMAJOR SETBACK! So why not have it insured now to be on the safe side?

Imagine something happens to your car, something that is unrelated to the type of coverage from accidents. Imagine your car is stolen or even worse, it burns. Will your insurance cover such a situation?
It is situations like this where comprehensive coverage kicks in. This type of coverage is great to have if it fits your budget as it has the widest full coverage benefits that range from fire, theft, to windscreens. If your car is easily replaceable, then you do not need this type of coverage.

After reading this you should be good to go and have decided as to what type of auto insurance to opt for. Still uncertain? Perhaps you should visit us and one of our friendly alphas will be more than willing to assist you with the type of coverage that best suits you.

Everything you ever wanted to know about Car Insurance!

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Do you have a car? Haven’t insured it yet? What are you still waiting for? Having car insurance is extremely important as your expenses will be covered should your vehicle incur damage. Accidents happen all the time, so it is reassuring to know that you are covered financially if you are involved in one.
It doesn’t matter if you are a low risk driver or a confident and optimistic driver a.k.a the famous ‘millennial’. Odds are something will happen to your car, even when someone else is driving it, and you will end up paying a ridiculous amount.

Still clueless as to what paperwork is needed? Don’t stress! It is of vital necessity to have information about your vehicle readily available. The make, model and year of the car to be insured are required. Also you will need to indicate whether your vehicle was purchased or leased. For brand new cars, this is what you need; purchase invoice, registration book, driver’s license and a proposal form. For second hand cars; you need an inspection and valuation report, registration book as well as a driver’s license.

You will also be asked how the car will be used. Is it for business or pleasure? Will you be commuting to work every day and if so, what is the estimated mileage and the distance driven annually?

All this information is important so as to avoid situations where safe drivers are put into the same risk pool as risky drivers. Safe drivers should not end up subsidizing risky drivers and end up paying more than they need to.
Finally, you will also be able to complete the level of coverage desired, level of liability coverage, and collision and comprehensive deductible amounts respectively.

If saving money was your priority this year, then you most definitely need to consider having your car insured. It is never too late! Better safe than sorry!

All about Car Rental Insurance

Keep your car safe. Keep it insured.
Keep your car safe. Keep it insured.

In the past, you simply selected a vehicle from one of the many brick-and-mortar car rental companies found at train stations or airports. But now there are more options than before. Technology has made possible other alternatives like peer-to-peer services-where personally owned cars can be lend, and car sharing options where customers can rent cars on a monthly basis from a wide range of locations.

The auto insurance coverage offered by traditional car rental companies is fairly standardized. However, coverage varies widely among other types of car sharing programs. The most important step is to read the car rental/sharing agreement—most companies clearly state what is covered as well as the supplemental coverage that can be purchased. This means more options to customers, but increased questions about insurance. Thankfully, there are possibilities to get duplicate insurance for rented cars without wasting money.

 

Regardless of the rental car option, we suggest making two phone calls:

• First, to your insurance company to find out the current status of your car insurance. In most cases, the coverage and deductible on your car will apply when you rent a car, only if and when the rental car is used for non-business purposes.

If you have dropped collision or comprehensive, then the damage of your rental may be covered. However, as the policy coverage differs from country to country, consultation with your insurance company would be apt for the same.

Ensure whether your insurance company pays for—or provides a rider for—administrative fees, loss of use etc.

• The second call would be to your credit card company. Insurance benefits provided would depend on the credit card provider. The coverage with types of issues can claims may also vary. However, most credit cards provide only limited coverage, such as covering the deductible.

To know exactly the kind and amount of insurance included, the toll free number behind the credit card used for the purchase may be used. If you are completely depending on credit card insurance claims, make sure you ask your credit card provider for more information.

Credit card benefits are mostly secondary, to the personal insurance policy or the insurance coverage offered by the rental car company.

What is Workers Insurance?

Happy construction worker at a building site wearing a helmet
Happy construction worker at a building site wearing a helmet

Employers have not only a moral, but also a legal responsibility to make the workplace safe for their employees. However, accidents bound to happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to those employees hurt in workplace accidents, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers insurance provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. Workers compensation insurance must be bought as a separate policy. Although in-home business and business owner’s policies are sold as package policies, they don’t include coverage for workers’ injuries.

What types of expenses does workers insurance cover?
Although the payments are usually modest, workers’ compensation insurance covers:
• medical care from the injury or illness
• replacement income
• costs for retraining
• compensation for any permanent injuries
• benefits to survivors of workers who are killed on the job

But remember that if a person collects workers’ compensation benefits, he or she cannot sue the employer. Wage replacement is usually two/thirds of the worker’s average wage, but there is a fixed maximum amount that the benefits will not go over. That may seem modest, but note that these benefits are not taxed. So, as long as the employee was making a fair wage, he or she should have no major problems. The eligibility for wage replacement begins immediately after a few days of work are missed because of a particular injury or illness.

With Alpha Direct’s workmen’s compensation your employees are compensated if they become injured or suffer a scheduled disease which results in them being temporarily or permanently disabled or if they pass away whilst engaged in the work that they have been employed to do.

All about Business Interruption Coverage

Cover your losses with a Business Interruption Insurance
Cover your losses with a Business Interruption Insurance

The standard property insurance covers physical damage and losses, that is, furniture destroyed in a fire, a storm-damaged office building or stolen equipment. This coverage can help you pay the costs of rebuilding or replacing damaged property. What about those losses resulting from your business’s inability to operate due to property damage? For this type of loss, all you need is business interruption insurance, also known as business income insurance.

 

Obtaining Business Interruption Coverage

Business interruption coverage is not sold as a stand-alone policy. It can be obtained as part of the following types of policies:
• Commercial Property Insurance is the insurance where you can add an endorsement or rider to commercial property insurance that will extend the policy’s coverage to business interruption losses.
• Business Owners Policy (BOP) is intended for small businesses, where the insurance package policy includes property, liability and business interruption coverage.
• Commercial Package Policy (CPP) is a flexible policy that can be customized with a range of options, including business interruption coverage.
Other types of policies may include business interruption coverage for certain circumstances. For instance, some kidnap and ransom policies that will cover business interruption losses resulting from a covered event.

 

Understanding the Limitations of Business Interruption Coverage

While business interruption insurance may help your business survive a disaster, there are limitations and exceptions to this type of coverage. If you obtain business interruption coverage as part of a commercial property policy, the coverage will only extend to events delineated in the core coverage. If your property insurance does not cover wind damage, you cannot receive business interruption insurance if your company is displaced because of a windstorm.
There are also time limits on business interruption coverage, so be sure to discuss limitations and exceptions with your insurer or insurance professional, and whether purchasing extended business income coverage is a good option for your business.

Homeowners Insurance and Home Warranty

Keep your beautiful family safe by hitting the"Insure Home" button.
Keep your beautiful family and home safe by hitting the”Insure Home” button.

While both are great protections to have, home insurance and home warranties offer different types of protection. Here, we learn what each covers and why you should consider purchasing both. Like we have been saying multiple times, owning a home is the one of the greatest investments you’ll make in your life. Protecting your assets is not just smart but integral too. The best way to do this is to purchase both a homeowner’s insurance policy and a home warranty. Purchasing both will cover your home, belongings, appliances and system components in case they need replacement or repair.

Homeowners Insurance
A home insurance policy covers any accidental damage to your home and belongings due to theft, storms, fires, and some natural disasters. There are four primary areas covered under the policy: the interior and exterior of your home, personal property in case of theft, loss or damage and general liability that can arise when a person is injured while on your property.

A home insurance policy is usually mandatory, and a bank will generally require you to obtain one before issuing a mortgage on a home. All home insurance policies offer a deductible, which is what you’ll pay when a claim is made. The policy will then take care of any additional costs.

So for instance, say a pipe breaks and floods your kitchen. An insurance adjuster will come to your home and fill out a claim for repair and replacement of any damaged items in your home. Once the claim is approved, the insurance company will deduct the amount of your deductible and issue you a payment for the rest of balance to repair your home. This deductible can also assist in lowering your yearly policy premium. The higher your deductible, the lower your yearly home insurance policy will cost.

Home Warranty
Home warranty is a service contract that allows repairs and replacements for system components and appliances that fail with time, or due normal wear and tear. Electrical appliances, plumbing errors kitchen appliances etc are usually covered under this contract. There are provisions to cover larger appliances like pools and spas. These home warranties generally have 12-month contract and these are not mandatory for obtaining mortgages. These are purely out of choice, but once made is a smart choice.

So let’s say your electrical appliances fail. In that case, a licensed, pre-screened technician will come out and assess the problem. If it’s determined that the appliances are not working due to normal wear and tear, and they are covered under the contract, the technician makes arrangements for its repair or replacement. The protection of a home warranty can save you thousands of out-of-pocket pulas and the trouble of finding a trusted service contractor to make repairs.

Let’s face it! Life happens and things break. When they do, a home warranty or home insurance from Alpha Direct can make it easier to get a qualified professional on the case while keeping your budget in line.