It is mandatory to have two-wheeler insurance and not having one can result in a fine of Rs 2,000 for first offence

In earlier times, traffic cops usually did not check for insurance for two-wheelers. However, things have changed now with cops actively looking to ensure that two-wheelers have the relevant insurance. In the first offence, you could be fined Rs 2,000. In subsequent offences, the fine can increase to Rs 4,000. You can also face imprisonment of up to 3 months and your vehicle could also be seized.

Buying a two-wheeler insurance will be much cheaper and hassle-free. It will also protect your vehicle from potential losses, as in case of an accident or theft. For max benefits, here are some important tips when buying two-wheeler insurance.

Third-party or comprehensive ? – While third-party two-wheeler insurance is mandatory by law, you have the option to upgrade to a comprehensive two-wheeler insurance policy. The latter will provide enhanced coverage against risks, but the premium will be higher. Third-party bike insurance only covers damage to the other party. A comprehensive bike insurance covers your own damage as well. By paying a slightly higher premium, you can get better coverage with a comprehensive two-wheeler insurance policy.

Determining IDV – The bike insurance premium amount will be based on the Insured Declared Value (IDV). This will not be applicable in case you are choosing a third-party bike insurance. IDV comes into play only in case of a comprehensive bike insurance policy. The value of IDV is closely linked to the current market value of the two-wheeler. If you mention a higher IDV, the premium amount will be higher. If IDV is less, your claim amount will be limited. That is why you need to set the right IDV when taking bike insurance.

Covered items – It is important to understand what all risks are covered by a comprehensive two-wheeler insurance policy. Essential items include fire damage, theft cover, damage due to riots, vandalism, etc., natural calamities such as landslide, earthquakes, floods, etc., 3rd-party damage and legal liability and accidental damage.

Exclusions – It is also important to understand all the risks that are not covered under the bike insurance policy. For example, things like regular wear and tear or mechanical or electrical problems may not be covered in the comprehensive bike insurance policy. Similarly, accidents caused while drunk or using other intoxicants will not be covered.

When taking a two-wheeler insurance policy, you can compare premium rates offered by various insurance companies. However, price should not be the only factor in the decision-making process. Other things, as described above, also matter a lot. So, make sure you use these tips to choose the most appropriate two-wheeler insurance for your vehicle.

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Things are not looking good for homeowners in California, as there is an exodus of insurance companies from the state. Some of the insurance companies that have stopped issuing new policies or are limiting their exposure include State Farm, Farmer’s Insurance, Allstate, AmGUARD Insurance and Liberty Mutual.

With so many companies involved, it makes us wonder why insurance firms are leaving California. There are multiple reasons for that, some of which are described below.

• Climate Change: States like California are witnessing an increasing impact of climate change. It includes damages to homes caused by wildfires and hurricanes. As a result, insurance companies are being burdened with soaring claim costs. Insurance companies cannot survive without profits, which is why they are leaving markets that are extremely high risk. Insurance companies use advanced tech to predict future risks. Accordingly, they make their decision to exit a particular market.
• State Insurance Regulations: States like California have stringent insurance regulations that hinder insurers from adjusting rates to cover their losses effectively. For example, California enforces a “one strike and you’re out” rule. It allows homeowners to switch insurers penalty-free if their rates increase by more than 10%. This rule makes it hard for insurers to stay profitable in high-risk regions.
• Reinsurance Costs: Reinsurance is a protective measure against catastrophic losses. The cost of reinsurance has been steadily rising. It is making it costlier for insurance companies to conduct business.

The exodus of insurance companies from California is significantly impacting residents and businesses in the state. Many individuals are struggling to secure affordable homeowners’ insurance. Some businesses are facing closure due to unaffordable insurance premiums.

What can be done to protect homeowners in California?

There are several steps that can be taken to provide the necessary assistance to homeowners in California. This is necessary, as living without insurance can be a huge liability for homeowners. This is especially true for folks living in high-risk areas. Catastrophic events linked to climate change will only increase in coming years. So, concrete steps need to be taken.

• Reform state insurance regulations: States should consider reviewing insurance regulations to enable rate adjustments in high-risk areas. This change would enable insurance companies to manage their losses in a better way. It will make it more practical for them to continue functioning in these markets.
• Focus on controlling climate change events: Allocating funds and resources for climate change mitigation is vital. Lowering the incidence and severity of extreme weather events will naturally lead to reduction in insurance claim costs. This in turn will allow more affordable insurance options.
• Provide federal financial assistance: The federal government can provide financial assistance to insurance companies willing to serve high-risk regions. This support will help make affordable insurance accessible to a larger population.

With these measures, governments can ensure that all homeowners and businesses have access to reasonably priced insurance, irrespective of their geographical location.

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When it comes to buying cell phones, the options can vary from the dirt cheap to the ones that cost more than a thousand bucks. In case of expensive cell phones, it would be better to choose a cellphone insurance plan.

However, just buying cellphone insurance is not enough. You need to ensure that you adhere to the terms and conditions of the cellphone insurance. Violation of terms and conditions can prompt the insurer to reject your cellphone insurance claim. For more clarity, let’s take a look at some factors that can prompt insurers to reject your cellphone insurance claim.

Delay in reporting damage or loss – You need to report the damage or loss of your phone to the insurer as soon as possible. The actual timeframe may vary from insurer to insurer. Some policies require you to mention the crime reference number for processing your cellphone insurance claim. This will be applicable in case your phone is stolen.

Damage caused by a non-family person – It has to be established that the damage to the phone or loss was caused when you or one of your family members was using it. If the damage was caused by an outside individual, with or without your permission, the insurance claim can be rejected.

Tweaking the phone’s operating system – Activities like rooting or jailbreaking your phone can result in rejection of your cellphone insurance claim. Such acts are often used by hackers and criminals, which is why insurers do not encourage it. Rooting and jailbreaking can also impact the phone’s performance.

Zero usage – When you file a cellphone insurance claim, the insurer will get your usage date from the telecom carrier. If there is no usage activity, some insurers may reject the claim. The IMEI number registered on the network should match the IMEI mentioned in the insurance policy.

Carelessness – Forgetting your phone at a public place and losing it subsequently can lead to rejection of your claim. Similarly, a claim will be denied if the phone is lost when kept in plain sight inside a car. Some insurers may demand a repair invoice of your car, as evidence that the car was broken into for stealing the phone. Other similar acts of carelessness will be investigated. If carelessness is involved, your claim can be rejected.

Self or third-party repair – Most insurers require you to get your phone serviced and repaired from an authorized center. In case you carry out the repairs on your own or get it done by a third-party agency, the insurer can reject your cellphone insurance claim.

Not paying the premium – Last but not least, your cellphone insurance will apparently lapse if you stop paying the premium. There could be a grace period, but beyond that, any claims will not be considered.

The post How Insurers Can Reject Your Cellphone Insurance Claim? first appeared on Newspatrolling.com.

If you can remember the pandemic that hit the entire world, the virus is not the only one that is killing people, but drivers too. In the middle of 2019 to 2022, the Governors Highway Safety Association reported that there was a surge of 18% in pedestrian deaths, or simply 19 deaths caused by drivers in a day, much worse than the pre-pandemic year. But rest assured, with these accidents happening each day, a pedestrian accident lawyer is always ready to protect the rights of every individual.

Accidents involving pedestrians can have devastating effects, including severe injuries requiring long-term medical treatment and even fatalities in some cases. If you were walking down the street and got hurt because of someone else’s carelessness, you might be eligible for financial compensation for the injuries you sustained. However, navigating the legal system can be difficult, especially if you are dealing with injuries and medical bills at the same time. An attorney who specializes in pedestrian accidents can be of assistance in this situation. In this article, we will explain how a pedestrian accident attorney can help you navigate the process of filing a compensation claim.

Gaining Knowledge of Your Legal Standing and Available Options

The first thing you need to do to file a claim is familiarize yourself with your legal options and rights. An attorney who specializes in cases involving pedestrian accidents can clarify legal principles such as carelessness, responsibility, and damages concerning your case. They are also able to assist you in understanding the many sorts of compensation that are available, such as compensation for medical expenditures, compensation for lost wages, and compensation for pain and suffering.

Conducting an Investigation into the Accident

It is essential to conduct exhaustive research into the accident to construct a compelling argument. This includes the collection of evidence, such as testimonies from witnesses, reports from the police, and film from surveillance cameras. An attorney who specializes in cases involving pedestrian accidents typically has prior experience leading investigations and can collaborate with subject matter specialists to determine who was responsible for an accident and why it occurred.

Calculating Damages

The process of filing a claim includes the critical step of calculating the damages. An attorney who specializes in cases involving pedestrian accidents can assist you in calculating the total amount of your losses, which may include compensation for past and future medical expenditures as well as lost wages. They are also able to evaluate non-economic losses like the amount of pain and suffering caused.

Dealing with Insurance Companies in Discussions

Damages are typically covered by the insurance policy of the person found to be at blame for the accident in the majority of instances. On the other hand, insurance firms are notorious for underpaying legitimate claims or outright rejecting them. An attorney who specializes in cases involving pedestrian accidents can represent your interests in negotiations with the insurance company, increasing the likelihood that you will be awarded a sum of money that is commensurate with the harm you have suffered.

Getting Ready for the Trial

If a compromise cannot be found, the matter may be tried in court. An attorney who specializes in cases involving pedestrian accidents can help you get ready for trial by gathering evidence, drafting legal documents, and choosing expert witnesses. Additionally, they can act as your legal representative in court and present your case to a judge or jury.

Having Conversations with Health Care Professionals

Accidents involving pedestrians frequently result in severe injuries that call for continuous medical treatment. An attorney who specializes in cases involving pedestrian accidents can facilitate communication between you and the medical professionals who are treating you to ensure that you get the appropriate care and that your medical expenses are correctly documented for the claim.

Observing the Time Limits Set by the Statute of Limitations

A claim must be submitted as quickly as humanly possible following an accident. A statute of limitations is a time limit that is imposed by each state on when a claim must be submitted. Should you fail to meet this deadline, you risk having your compensation claim denied. An attorney who specializes in cases involving pedestrian accidents can help ensure that your claim is submitted within the allowed time frame. It is also important to know how a car accident attorney will help an injured victim get fair compensation.

When all things are considered, accidents involving pedestrians can have life-altering repercussions, not only physically but also financially. You must seek the legal assistance of a pedestrian accident attorney if you have been hurt as a pedestrian as a result of an accident. They can help you navigate the process of filing a claim, ensuring that your rights are respected, and fight for adequate recompense for the damages you have suffered. If you require assistance with your claim, do not be afraid to get in touch with a pedestrian accident attorney.

The post How a Pedestrian Accident Attorney Will Guide You Through the Claim Process first appeared on Newspatrolling.com.

Insurance is a good way to protect against unseen and unpredictable risks. For most people, insurance is usually for auto, health, life insurance, accident, property, travel, etc. However, if anyone is willing to pay the premium, insurance companies can come up with several other types of insurance policies with customization options. To get an idea about the scope of insurance, here’s a look at some of the weirdest things people have ever insured.

Betty Grable’s legs – A model, dancer, singer, pin-up girl and American actress, Betty Grable was widely popular during 1930s and 1940s. Her bodily proportions were considered so perfect that it was treated as standard. He studio had once even insured her legs for $1 million. Although it was largely a publicity stunt, the premium paid to the insurance company was real.

World’s longest cigar – Cigars can be pretty big, as compared to cigarettes. But how would you react to a 4-meter cigar weighing around 242 pounds (110 kg), made from over 15k tobacco leaves. This cigar was insured for 18,000 pounds with the policy issued by Lloydº£½ÇÖ±²¥ of London.

Who wants to be a millionaire – Ever wondered how TV show ‘Who wants to be a millionaire’ got the funds to reward the winner? Of course, ads are aplenty, but the TV game show also has an insurance policy. As per the insurance policy, the game show is protected against the ‘risk’ of a contestant winning the game.

Alien abduction – Some people take sci-fi movies and sensational media reports too seriously. One of these is the phenomenon of alien abductions. For people with money and some paranoia, taking insurance against alien abduction has become a fad. Several million dollars’ worth of insurance policies have been written for alien abductions. However, the onus will be on the insured to prove that they were abducted by aliens.

Guitar finger – Keith Richards of The Rolling Stones had signed an insurance contract wherein his middle guitar finger was covered against risks for $1.5 million. It wasn’t a big price to pay for the band, as they used to earn several times more in every single tour at that time.

Voice insurance – For singers, their most valuable asset is their voice of course. Thinking on the same lines, Bruce Springsteen had once opted for an insurance policy that covered risks to his voice. If anything bad was to happen to his voice, Bruce would have received $6 million.

Catching the Loch Ness Monster – Before social media, the legend of Loch Ness Monster was quite frequently discussed. A company even offered $1.5 million to anyone who can capture the monster alive. To cover risks associated with the prize money in the event anyone does catch the monster, an insurance policy was taken for the same.

The post Top 7 Most Weird Things People Have Insured first appeared on Newspatrolling.com.