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Insurance

When to hire an attorney after a Houston car accident?

Because most accident claims are settled outside of court, people often wrongly assume that they can get a fair settlement from the insurance company. If you were injured in a car crash in Houston, you should consider hiring an attorney without delay. Texas is a fault state. If the other driver was negligent and caused the accident, you could claim compensation from their insurance company by filing a third-party claim. Unfortunately, insurance companies are not here to settle claims. Insurance representatives are known for using varied tactics to reduce the financial liability of the company. The question is simple – When do you really need to hire a Houston car accident attorney? Below is an overview for your help. 

When you need help with your claim

How much should you realistically expect in a settlement? The answer depends on many factors. Nothing can undo the accident, but the financial compensation can help you tide through the tough times. The worth of your settlement depends on the losses and injuries you have endured. The settlement should ideally cover your emergency medical care and treatment after the crash, long-term medical treatments, surgeries, physical therapy, income loss, and lost future income. If you have suffered a permanent disability, the eventual settlement would be a lot higher. If you don’t know what to ask in a settlement after the accident, call an attorney. 

When you don’t want to deal with the insurance company 

Insurance companies are infamous for their apathy. You may believe that the insurance claims adjuster will understand your pain and suffering, but in practice, they are just concerned about reducing what they pay in settlements. Whether you file a claim with your insurer or decide on a third-party claim, there will be evident pressure to settle. The insurance representative may also ask you to give a recorded statement. Because of these reasons, accident victims often end up getting a lower settlement amount. If you don’t want to deal with the insurance claim on your own, hiring a lawyer is the right decision. 

When you are at fault

In Texas, you cannot file an injury claim and seek compensation from the other party if you are more at fault than them. If your fault share is 50% or higher, you cannot get anything at all because of the modified comparative fault rule. Consider hiring a lawyer so that you don’t lose your chances of getting a settlement. 

You can find accident attorneys near you through an online search.

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Insurance

What Are Those Elements That Increase or Decrease Your Motor Insurance Premiums?

All vehicle owners are aware of the necessity to have motor insurance coverage as the law, the Motor Vehicles Act, makes it mandatory. But when selecting an insurance policy, its premium is an essential factor. For many, it can be a deal breaker and thus it is critical in deciding whether to opt for a particular plan, both at purchase as well as vehicle insurance renewal.

If you are out there looking for a motor insurance plan, the question of what exactly impacts the premium might surely have crossed your mind. This article aims to answer that burning question helping you have a clear understanding, whether you buy a private or commercial vehicle insurance.

Insured declared value (IDV)

Insured declared value, also commonly referred to as IDV, is common terminology that all motor insurance plans include. It is the utmost amount that an insurance company will compensate in the instance of damage to your vehicle that is beyond repair. Often misinterpreted as the resale value, it, in fact, is arrived after accounting for depreciation from the present estimation of the four wheeler or bike. Since IDV is the compensation paid by the insurance company, the premium is impacted. Thus, greater the IDV, subsequently greater is the premium. * Standard T&C Apply

Types of motor insurance

The type of insurance policy is also determinant in deciding the premium. There are two types of motor insurance plans available —third-party plans and comprehensive covers. A third-party plan, also known as liability-only cover provides for the damages to a third person which can be in the form of property damage or compensation for injury or death. However, it offers no coverage for the repairs to the policyholder’s vehicle. Since these plans offer limited and mandatory coverage, the regulator, IRDAI, determines the premiums for these policies. On the other hand, for a more extensive coverage, comprehensive policies can be chosen which includes own-damage cover alongside the third-party cover. As the scope of a comprehensive plan is broader, the premiums are on the steeper side. Please visit the official website of IRDAI for more details.

Add-on riders

An extension of comprehensive plans are the add-on riders that offers the facility to customise the policy coverage. These additional features are optional and can be purchased alongside a standard comprehensive policy. Being optional in nature, they are not included in the standard policy scope and hence are priced over the standard plans thereby impacting premiums. So, make sure to select the right set of add-on as they have a direct bearing on the price of your insurance policy. * Standard T&C Apply

Location of registration

The registration location is another factor that impacts the premium of your policy. Vehicle insurance premiums are classified in two zones—Zone A comprising of eight metro cities of Kolkata, Chennai, New Delhi, Mumbai, Bengaluru, Hyderabad, Pune and Ahmedabad while Zone B which includes rest of the country. So, based on the registration location, the premium of your policy is determined.

Vehicle’s usage

The purpose for which a vehicle is used is an essential determinant for its premium. Motor vehicles used for commercial purposes have a higher premium for the risk that an insurance company has to undertake whereas private vehicles have lower risk. Thus, the premiums for the latter are affordable.

These are some of the different factors that result in the premiums either increasing or decreasing. So, the next time you are pondering on how the premium is impacted, keep these elements in mind. Also, please bear in mind that insurance is the subject matter of solicitation. For more details regarding features, what’s excluded, terms, conditions, please read the brochure / policy wordings carefully before finalizing a sale.

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Insurance

Handy Tips to Know Before Renewing Your Bike Insurance Policy

A bike insurance policy offers dual benefits of legal compliance along with financial protection for damages. These damages may either be payable to a third person or for the damages sustained to your bike. Hence, it is essential you ensure continued renewal of your two wheeler insurance policy. This article lists down some handy tips that can help you have a seamless bike insurance renewal process:

Decide the policy before its expiry: Renewal of your insurance cover gives you the option to change your policy or even upgrade if you wish to. A third party bike insurance is minimum requirement as per the Motor Vehicles Act, but you can opt for a comprehensive plan too. While the third-party plan covers legal liabilities payable to a third person in the event of an accident or collision, it offers no coverage for the damages sustained to your bike. Hence, a comprehensive plan provides a 360-degree cover when it comes to insuring against damages. It is essential you decide upon the type of insurance policy before the expiry of your current insurance plan. This gives you sufficient time to weigh the pros and cons of each and then come to terms of finalising one. Moreover, it is recommended you start this process at least 45 days in advance that helps you decide the type of policy and its coverage not at the eleventh hour.

Take advantage of the no-claim bonus: No-claim bonus or NCB is renewal benefit offered by the insurance company for times when no-claims are made during a policy tenure. This no-claim benefit is of cumulative nature and accrues over time thereby, offering a concession in form of reduced premiums at your two wheeler insurance renewal. Moreover, as time passes, the amount of such bonus increases starting at 20% going all the way up to 50% for consecutive claim-free policy years. You can visit the official website of IRDAI for further details.

Reassess the coverage: Insurance coverage must be periodically reassessed. This is required so that any shortcomings in your bike insurance coverage can be amended to make it right based on your requirements. This reconsideration may require you to either enhance the policy coverage or amend it to suit the needs at renewal.

Amendment or correction for any errors: There can be instances when you relocate to a new place that results in changes in your personal information. Also, any modifications to your bike may mean change in vehicle details. Such changes need to be reported to the insurer. Renewal of your policy is one such time to intimate your insurance company for these changes. In addition, any errors in your insurance coverage can also be amended at this time thereby ensuring the right information is available with your insurer.

Renewal of policy after expiry: It is better to avoid such a situation, but it may happen in case of missed timelines. If your policy has expired already, you can make use of the grace period to renew your policy without losing out on the renewal benefits. Comprehensive plans offer the no-claim bonus which remains valid for 90 days even after the expiry of your two wheeler insurance policy. Thus, ensure any delayed renewals are carried out within such duration to avail continued policy benefits. You can visit the official website of IRDAI for further details.

These are some of the considerations that can help you renew your policy smartly. When buying a policy, remember that insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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Finance

Five Essential Questions to Ask an Accountant before Hiring

Being an entrepreneur or a business owner has its perks, but many still get astounded by the thought of taxation. Businesses are all about making money and utilizing it wisely for future expenditures. A good accountant can either take the business to the next level or simply break it. In simpler words, new york accountants or that of any other city is an asset to the business and not just a liability. 

This post covers some essentials that one needs to ask an accountant and thus pick the best one.

Whether the Accountant is A CPA?

Ideally, the answer to this question must be a YES. The reason is, any accountant can work with TurboTax, but the real trick lies in managing long due taxes effectively. And with this being said, a Certified Public Accountant will help a business more than the regular ones. An accountant will undoubtedly help prepare reports and analyze financials, but a CPA’s work goes beyond all these. 

Also, when one hires a CPA, the individual won’t even require a bookkeeper because they do it all. CPAs and tax attorneys are the only individuals dealing with the IRS because they are trained and licensed by NYC professionals to perform accounting services. 

What are the Working Hours? 

It’s essential to ask the accountant about their working hours and future availability. The primary reason behind this is, many accountants are already occupied with a plethora of work.

One can even get more specific while asking these questions, for example: 

  • Will there be in-person meetings or a telephonic one?
  • Whether the CPA will be handling the bookkeeping service?
  • What’s the average or typical response time?
  • What’s the mode of communication?

Does He/She Work with Small Businesses Too?

A CPA working with small businesses has much more knowledge about managing financials effectively. If one owns a small business, an experienced small business accountant will help to grow more. To be more apparent on this part, one can either ask the CPA their current client base or the projects they have handled in the past.

What Is the Fees Structure? 

In most usual cases, no professional new york accountants or any other area directly talks about pricing. They set up a consultation call to know more about the business and requirements and accordingly set up a fee structure. A proactive NYC accountant usually has more dedication towards growing the business and not just offering filthy pricing. 

Has He/She Maintained the CPE Credits?

Lastly, an NYC accountant is required to acquire at least 40 CPE in the whole financial year. Here, CPE stands for Continuing Professional Education Credits, ensuring that the accountant is well updated with the current tax laws. A good accountant won’t hesitate to showcase their CPE credits because they genuinely have attended many seminars and training.

Conclusion

In all, any best new york accountants or that of any other region won’t let his/her clients down when it comes to accounting. They will go above and beyond to help to generate maximum profits. 

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Business

Drop Shipping vs. E-Commerce Fulfillment

This infographic was created by AMS Fulfillment, an ecommerce fulfillment company

Categories
Business

Efficiently answer the HR’s question, “Tell me about yourself”.

The most common question we always hear in an interview is ‘Tell me about yourself’. Sometimes it is the first question HR shoots right at you. Since it is an open-ended question, it has various answers. Most of what you pick to tell them from the lot is throwing darts in the dark.

You need to be extra careful while answering this, as it weighs enough to figure if you’re the right fit for the team or not. Asking this question also means that the recruiter wants to know your confidence and how you portray it to the clients if hired.

Before indulging in this topic, you need to know about this effective tool that helps in finding emails. The AI-powered website, Getemail.io, can fetch numerous professional emails in just a matter of seconds. It also comes with a chrome extension to your Linkedin account so, finding the contacts of the profiles becomes easy. It also can be used for email marketing strategies.

Here are some tips about answering the question,

Make a list

It is an obvious question every HR is bound to ask in an interview. Prepare your best answer before the final D-day. Make a list of your strengths and skills. Then, create another list of your weaknesses. Fine-tune all the points into composing the perfect answer.

Stand in front of the mirror and answer it as if you’re sitting through an interview. Or, better record it on your phone. It is a great chance to gauge the content you speak and the body language. Trim the answer as you find it fit.

Create an elevator pitch

Have you ever imagined being stuck in an elevator with your role model? I’m sure all of us fantasise about it. We all have acted out different scenarios in our heads about how to speak our hearts out and impress the person. Now that is called an elevator pitch.

What are the best qualities in you that the recruiter should hire you? How do you explain them all in just a minute? And mind you, to make an everlasting impression on the listener. Explain your strengths and area of expertise. And don’t forget to conclude by answering why you’re interested in this specific position at this given company.

The to-don’t list

Jargons and gibberish are best avoided. These are fillers in sentences that don’t really bring any meaning to what you speak. When the recruiters ask, ‘tell us about yourself’ – it is easy for the interviewee to dig a hole by themselves by speaking about personal lives. Nobody in the professional area wants to know about your hometown in the first meeting.

Do not reiterate the things mentioned in your resume. The recruiter has had enough time to read your resume, repeating the same is a waste of time for both parties. Also, another point is not to mention your desperate reasons for job application. Informing the recruiter that you’re applying here only because of the problems you’re facing at the previous office would mean that you’re a runner rather than a problem solver. And that, my friend, is another red flag.

Conclusion

Hope you liked the pointers mentioned above. Are there any others you want us to add? Let us know! And, good luck with the interview.

Categories
Insurance

How to Choose Term Insurance as an NRI?

If you do not understand who an expat is, you will surely understand what NRI means. There are numerous challenges that the expat life has in store. Many of these problems turn into long term financial issues. Hence, it is important for an NRI to have financial security.

Term insurance is a must-have product for simple and affordable financial security. This is especially true for an NRI. As a Non-Resident Indian, you may be a bit confused about the various options when it comes to buying a term life insurance policy. However, there are many similarities in how a regular citizen of India and an NRI can buy term insurance. Before you set out to select a policy, you should understand how the process of finding and keeping a term insurance policy as an NRI is different. Here are a few things on how NRIs can buy term insurance plans in India:

  • Online presence

You have to make sure that you have the latest information about the insurance plan you are considering and the company that you are potentially buying from. As an NRI, the only source you have to find and verify your insurance company’s information is through online mediums. Hence, you have to first check whether the company has an online presence. If they do, check the information given on their mediums. The details acquired from an official source will help you make an informed decision. Moreover, the insurance provider’s website should allow you to buy and interact with your term plan.

  • Claim settlement ratio

The claim settlement ratio is a measure of the amount of insurance claims that were settled by an insurance company. It gives you an idea of how likely the insurance company is to settle your claim. It is a percentage of claims settled from the total claims submitted to the insurance provider. The claim settlement ratio of an insurance company in India is calculated every financial year. The Insurance Regulatory & Development Authority makes this information public. A good claim settlement ratio will give your family the peace of mind that in time of need, the term policy will come through for them. It will also help them receive quick assistance when needed.

  • Claims process

The real benefit of a term insurance is only ever realized once the claim has been made. Having the proper claim settlement process can help elevate this benefit of the term insurance policy. The insurance company’s website or other mediums should clearly explain the claims process on the website. More importantly, it should be simple enough for your family to understand. Also, make sure that you can make a claim from the country that you live in.

  • Persistency ratio

The persistency ratio of a company is essentially a measure of how much their current customers value them. The value itself shows how many people stayed with the company over the years. Knowing this ratio would mean that you get an idea of the way that the company conducts business and how their customers react to it. If more customers stick with the company, it means that they offer great products and great service. On the other hand, if many people leave the insurance company for a new provider, it means that a large number of people found some flaw or oversight in the company’s service that they decided to not trust them with their family’s financial security.

NRIs are always expected to be people that are living life large. However, that notion is not true at all. While they may have access to a different lifestyle, they still have similar problems and responsibilities. Hence, it becomes important to buy term insurance for NRIs. What becomes more important is to choose the right term insurance.

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Loans

Top 5 Mileage Bikes of 2021 that will Save big bucks For You

Two-Wheelers

As gasoline and diesel prices continue to rise, two-wheeler owners are seeking options that provide mileage efficiency. Owning a bike is evident in their desire to save money on their daily commute. There are two main concerns associated with buying a bike-the cost of the bike and the mileage you get.

With a two-wheeler loan or an EMI option, the vehicle’s cost is covered almost instantly. However, mileage is the key to long-term savings.

If you are trying to decide whether or not to buy a great two-wheeler with high mileage, here are five great options that will enable you to make a more informed purchase and save your money.

1. TVS Sport

When it comes to reducing the cost of a bike commute daily, TVS Sport is your best pick. The Asian Book of Records designated this bike as the most fuel-efficient bike on the Golden Quadrilateral in 2019. This bike is reliable. Besides its mileage, this vehicle is equipped with an air-cooled single-cylinder engine that can output 7.4 horsepower and 7.3 pound-feet of torque.

Price: Rs. 56,446 onwards

Features:

Mileage 95 kms/ltr
Engine 109.7 cc
Power 8.29 PS
Torque 8.7 Nm
Brakes Drum
Tyre Type Tube
Cylinders 1

2. Bajaj Platina 100

Bajaj’s Platina 100 is another highly fuel-efficient bike available in two primary colors, black and red. A state-of-the-art suspension provides a comfortable riding experience. Additionally, this bike is equipped with a 4-speed manual transmission. This two-wheeler generates an incredible 7.9bhp when it comes to engine specs. A disadvantage of this bike is its absence of a disc brake upfront.

Price: Rs.52,889.00 onwards

Features:

Mileage 90 km/ltr
Engine 102 cc
Power 7.9 PS
Torque 8.3 Nm
Brakes Disc
Tyre Type Tubeless
ABS Single Channe

3. Bajaj CT 100

In addition to offering excellent mileage, the CT 100 is also a comfortable ride. The single-cylinder, air-cooled engine on this bike is reliable.

In terms of maximum power, it produces 8.05Nm of torque and has an output power of 8.1bhp. Four color options are available to customers interested in the bike: blue, red, red with black, and blue with black.

Price: Rs.‎46,062.00 onwards

Features:

Mileage 89 km/ltr
Engine 102 cc
Power 7.9 PS
Torque 8.34 Nm
Brakes Drum
Tyre Type Tube
Cylinders 1

4. TVS Star City Plus

There is no doubt that if you are looking for the best bike in India that uses less fuel, you should consider this offering from TVS. An impressive fuel economy can be found on the Star City Plus commuter bike. Meanwhile, it also performs well in other areas. Customers are attracted to this vehicle for various reasons, such as its long comfortable seating, powerful engine performance (maximum power of 8.30 horsepower), etc.

Price: Rs.68,188 onwards

Features :

Mileage 86 km/ltr
Engine 109.7 cc
Power 8.19 PS
Torque 8.7 Nm
Brakes Disc
Tyre Type Tubeless
Cylinders 1

5. Honda Dream Yuga

As far as mileage is concerned, Honda’s bikes will never be too far behind. In terms of fuel economy, the company’s dream Yuga, for example, is suited to most Indian roads. In addition to a single-cylinder engine, it also offers a 4-speed transmission system. Additionally, HET technology goes a long way towards improving the mileage of this model.

Price: Rs.53,985 onwards

Features:

Mileage 84 km/ltr
Engine 109.19 cc
Power 8.42 PS
Torque 9.09 Nm
Mileage 72 kmpl
Brakes Drum
Tyre Type Tubeless

The ease of buying a two-wheeler has attracted more buyers to the market. The streamlined process and a wide range of two-wheeler loans available for purchase have encouraged two-wheeler sales in the segment.

You can get a two-wheeler loan online of up to Rs. three lakhs at affordable two-wheeler loan interest rates. Lenders these days offer two-wheeler loans up to 100% of your cost. You can also calculate your EMI using the two-wheeler loan EMI calculator available on your lender’s website.

You can use the following comprehensive list to make an informed decision when purchasing a performance-oriented bike.

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Business

The Future of Parking Automation

The fluctuating need for car parking spaces is a source of concern and frustration for city officials worldwide. While large parking lots are often filled during peak periods, such as the holiday season, they sit mostly empty and unoccupied when not in use.

As urban areas grow, residential and commercial development needs more space to thrive. However, technological innovations such as automation could transform parking lots and, with them, cityscapes. Here’s how:

A holistic approach to parking automation offers hardware, software, and services that relieve drivers of all aspects of parking. In addition to the drivers, the environment and cities benefit from reduced parking search traffic and better utilization of parking spaces. As a result of parking automation solutions, smart cities are also a reality: intelligently connected, environmentally friendly and well-lit cities.

Vehicles are usually manoeuvred by centimetres when entering and exiting parking lots. A park assistance system supports the driver in performing his task automatically and precisely. Ultrasonic sensors and near-range cameras provide 360 degrees surround views to the driver. This allows for easy and comfortable parking even in the smallest of spaces. In response to obstacles detected by sensors, the software warns the driver of impending collisions and in some cases, brakes automatically. Data from multiple sensors are merged to make these systems more reliable.

Benefits of Parking Automation

  • Save Space and Money – Most parking garages are built to provide cars with adequate space to move both in and out of parking spaces. In an automated garage, circulation space and area for opening the car doors are not required. This helps developers better utilize areas that would ordinarily be used for cars and people to move, and allows for more storage space for vehicles in that area with single-deep and double-deep storage configurations.
  • Lower Operational, Construction and Finishing Costs – Automated garages help developers save on construction costs through reduced excavation, shorter construction time and lower land costs.
  • Decrease Environmental Impact – Continuous exhaust emissions are responsible for this environmental impact. The engines of cars are not running while they are being stored and retrieved with an automated parking garage, reducing pollutants as much as 60 to 80 per cent.
  • Increase Customer Satisfaction – A user-friendly mobile app and slick touch screens that enable quick retrieval of vehicles can make for a memorable and comfortable experience that visitors are willing to pay for.

To Conclude

As part of its future offering, parking automation plans could combine both connected parking and automated parking solutions. With automated valet parking, the driverless vehicle would park itself autonomously inside the parking garage. Using an app on their smartphone, drivers will be able to drop off their cars at the designated area and then start the parking process. Afterwards, the vehicle will find a suitable parking spot where it will park in automatically. When drivers arrive back at the pick-up area, the vehicle will drive itself and all that’s left will be to get in.

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Business

Why CRM Is So Important to Your Business?

Are you a business owner who is looking for the best way to manage your relationship with your customers and get insights into how your business is performing? Well, how about considering a CRM system. In this article, we will briefly define CRM and list some of its benefits

What is CRM?

Before starting to list the benefits of a CRM system to your business, how about we give you a brief explanation of it. The acronym ‘CRM’ stands for Customer Relation Management. It is a technology system used by different companies to manage their relationships with existing customers and potential customers. The goal of this is to stay connected with customers, which will improve the business performance and boost revenues.

As a tool CRM can be used to maintain a relationship with customers on different levels including, marketing, sales, digital commerce, and customer service.

Why Is CRM Important?

Investing in a CRM system and incorporating it within the work strategy can yield benefits for large corporate, mid corporates, and even small businesses. It will help them maintain good customer relations and much more, including:

Expanding Your Customer Base

When different people visit and shop from your online platform, click on your paid ads, or subscribe to your services, they will be providing you with valuable data. A CRM platform is a great reporting tool; it will help you collect this data, which will help you determine your target audience and their specific needs. The reports you will get from a CRM system will show you how customers interacted with your different platforms and how did they find you, e.g., it would tell that a certain prospect has reached your online platform through one of your Facebook paid ads.

Such insights will grant you an in-depth understanding of the market and the type of customers that are interested in your business. Therefore, you will be able to decide the best way to approach them to broaden the base of your customer.

Enhancing Your Relationship with Existing Customers

Reaching new customers is good, but you also need to maintain and strengthen your relationship with your already existing customers. Incorporating a CRM system into your business will help you with that. The system will collect their data and give you insights on those who are still actively engaging with your different platforms, and those who strayed away and need a little shake to agitate their interest in your business. Such information will help you in creating new marketing campaigns targeting your existing customers to showcase how much you value them and get them back on track.

Using information generated from a CRM system will even allow you to create customized marketing campaigns for your customers. These campaigns will target specific individuals using their names and ages and designed to appeal to their interests. Such campaigns will also enable you to send ‘‘thank you’’ personalized messages to tell your customers how much you appreciate them.

Keeping up with Your Marketing Performance

CRM system will help you to track the success of your marketing campaigns, telling you how your customers are reacting to them. For example, if you launched a campaign to convince customers to fulfill the purchasing process, the CRM tool will show you how many customers have responded to this campaign and went through the whole process to make the final purchase.

With this data, CRM will assist you to address the shortcomings of your marketing methods and improve them to reach the customers in a smarter and more relevant way.