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May 20, 2022

Garth Gregory

Tips for Making the Property Buying Process Less Stressful

Apr 29, 2022

For first home buyers, trying to get a foot on the property ladder can be a stressful experience that is full of unforeseeable twists and turns. Even for seasoned property investors, the evolving nature of the property market can be volatile and unpredictable, making you question if you’re making wise decisions for your property portfolio. Fortunately, you don’t have to do it all alone, as there are companies providing conveyancing in Melbourne who can help you minimise stress and ensure the property buying process goes smoothly.

This article will cover some tips such to help make the property buying process less stressful, such as enlisting the help of conveyancers. Read on to learn more.

Get Specific

The best thing you can do to make buying a property less stressful is to get very specific about the kind of property, features and amenities you want. Be clear on the exact number of bedrooms, and the positioning and size of property you want. Doing so will streamline the process and help you to efficiently filter out many properties right from the beginning of the process. Ruthless prioritisation will also increase the likelihood that you’ll end up with a property you love so you can avoid the “buyer’s remorse” trap that often plagues many new homeowners.

Compromise Where Necessary

In slight contrast to the previous tip, the evolving nature of the property market sometimes means you’ll have to miss out on certain features of a property, at least temporarily, in order to get into the market. While it can sometimes feel disappointing to miss out on a property you’ve had your eye on for a long time, or let go of certain features in order to expand your search, the ability to compromise is an important skill to learn when it comes to buying property. Employing it as another tool in your property search can ultimately increase the chances that you’ll settle on a property. When it comes to housing, there are very few aspects you can control. Adopting a pragmatic approach can sometimes be the only thing you can do to offset an unpredictable market.

Hire a Conveyancer

There are many processes, documents and matters that must be attended to in a timely and accurate manner when it comes to buying property. Sifting through endless documents, familiarising yourself with complex legal and property terms, and liaising with multiple parties will invariably add a lot of stress to your property search. Enlisting the services of a company offering conveyancing in Melbourne is a great way to minimise the time spent reading complex legal documents as well as gain assistance with the transfer of the property title from one party to another.

If you’re buying in an area that you’ve never lived in before yourself, it can help to hire a conveyancer who is a local or knows the area well. The advantage of hiring a conveyancer who is local to the area is the fact that they will understand any unique laws, challenges or requirements that the area may have when it comes to property transactions.

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How the internet has changed real estate

Apr 5, 2022
Looking for houses was a hassle in the past. One would have to go to an actual agency and get an agent. With the advent of the internet, all this changed. Since there is so much going on online, the real estate industry was also affected. Here are some of the ways the internet has changed marketing for estate agents.

More listings

Unlike in the past, when you would have to walk around looking for the “for sale “signs next to a house or building, you can look at houses online. There are so many listings, and all you need to do is go online and look for a home you want. For instance, you can look up villa for sale Mougins and all the homes in the region will pop up. It makes getting a house and an agent such a breeze.

Social media marketing

More agents and agencies push for their homes online thanks to the algorithms and targeted ads. It is easy for you to be scrolling social media and coming across houses in your area. These targeted ads make it easier for someone who has been thinking of getting a home to know where to look. It also ensures that agents can reach out to potential clients without a hassle.

Better visuals

To ensure you get the best house, agents have put up great visuals online. Since most clients look online before going to a house, first impressions matter. Most houses have been well organized to ensure that clients can easily get to the houses they want. There are even agencies that carry out virtual tours so one can know what house they are getting before making the actual purchases. It makes the entire concept of house hunting easy.

 Better price ranges

Since more listings have a price tag, you can easily tell if a home is under or overpriced. Before the era of online listing, agents and sellers would put whatever price they wanted on a house, and one would not have a place they could compare these prices to. If a house was highly-priced, there was o way of knowing that the price should be lower. With online listings, one can get a better feel of the price point and know what range the houses should be in. it has made regulations on house value better, and buyers know that they are getting a house at a good price.

Online buying and selling

Since most agents are listed online, one can buy and sell a house without needing to leave their home. It makes the entire process straightforward people have been able to buy homes away from them. It has made buying land in her countries simpler and fats as well.

The internet has changed how we buy and sell a property since people keep interacting in online spaces. Every industry will be affected in one way or another. Knowing how real estate is affected by the internet helps you figure out how to buy your home as a buyer.

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Medford Rent Price Surpasses All Time High In March

Apr 1, 2022

Medford’s average rent price has just surpassed its previous all-time high this month.  The current average rent price of $2,158 eclipses the previous record of $2,156 set in July of 2020 after stagnating for 18 months during the pandemic.  With apartment occupancy nearing all-time highs in Medford, it looks like 2022 will be a banner year for Medford’s apartment rental market.

Medford’s recent rent price growth comes as the neighborhood approaches record high occupancy.  The current vacancy rate for Medford apartments sits at 0.67%, close to the all-time low of 0.62% set in March of 2020.  Considering there are 5 months left until vacancy hits its cyclical low, that number will continue to push to unprecedented lows as we approach September.

Apartment availability, another key supply metric, is currently 2.8% in Medford.  Compared to its pre-pandemic level in March 2019, that is 1.15% lower indicating that the rental market in Medford has never been tighter.  Both availability and vacancies metrics suggest that Medford’s average rent price will continue to rise throughout 2022.

Similar trends have been observed throughout the metro area, which has restarted the conversation about the lack of affordable housing in Boston.  The 18 months of supply glut we endured during the pandemic may have slowed the urgency to create more rental units in the metro area.  Now that the rental market has recovered, it looks as if the city has fallen behind its goal of keeping pace with the demand for more apartments in Boston.

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Here is an opportunity to work from home for anyone in 2022

Mar 23, 2022

People require personal loans to meet their urgent financial requirements. For this reason, personal loans have become a sought-after financial product. The rapid growth of the mobile banking industry has led to the introduction of banking apps and related apps like personal loan referral apps.

Banks promote their financial products through refer and earn apps by offering anyone a chance to work from home and earn not less than 50K every month. With it, entrepreneurs, students, agents, and housewives can start an online business of their own. If you are looking for the best money-earning apps for android, you don’t have to look further. The IDFC MyFIRST Partner app is one of the most suitable apps to earn extra money online.

How to earn money working from home?

A personal loan referral program is the best way to earn money working from home. If you have a bank account, you can become a partner of the IDFC MyFIRST Partner app and help your family, friends, and colleagues to get a personal loan through the app. If they qualify for the loan and get the loan amount, the referral partner will get incentives for referring them. In the process, you can help them with the loan application and update them on the progress to earn money.

What are the advantages of joining the MyFIRST Partner referral program?  

The advantage of being a part of the MyFIRST Partner referral program is you can earn from home. It is the best program for students, professionals, homemakers, retired persons, insurance agents, teachers, and anyone looking for extra earnings. You can earn more than 2000 INR per day by using this new earning app 2022 and referring people. The other benefits include:

  • You represent and work for a leading bank in India

IDFC FIRST Bank is one of the top banks with branches across the country. By registering for the referral program on the MyFIRST Partner app, you become a referral partner of the bank. It allows you to build referrals and connect them with the loan-processing team of the bank. They will take care of the rest of the loan process until the amount is approved and paid. You can help get instant loans for your peers or family members.

  • Help avail of instant loans during an emergency

With the earn money app download, you get easy access to the app, which offers user-friendly features to assist your referrals in personal loan financing. You can help your prospective customers get instant loans for medical needs, home renovation, education, and travel. The app can take you through an easy documentation process and quick online approvals.

  • Zero investment

Most earn money online programs require some investment. Using the MyFIRST Partner app, you get an opportunity to earn from home in India without any investment. The basic requirements are the referral partner should be of 18 years or above and need to be a citizen of India.

  • Earn money on each loan disbursement

The referral app helps you earn money by referring to personal loans. The money will be credited to your account whenever a loan is approved for a customer referred by you. The accrued money will be credited to your bank account weekly or every fortnight.

IDFC FIRST Bank is constantly upgrading the MyFIRST Partner App to give the best user experience to its customers. You can download it now from the PlayStore or App Store.

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How can financial advisors or insurance agents use a refer & earn program to grow their business?

Mar 17, 2022

With financial planning, you can attain financial independence and ensure greater security. You may be one among those who budget and try to stick to it. Nevertheless, you need to earn enough money to save and invest in securities or keep it aside to meet any emergency. There are money earning apps that help you have a second income. They include refer & earn programs, which don’t ask for any investment.

If you are running a small business as an insurance agent, a financial advisor, or an affiliate partner, you can use a referral partner program to grow your business. IDFC FIRST Bank offers you a great opportunity to earn extra money a minimum of 50K every month by giving referrals for instant personal loans. Using the MyFIRST Partner App, you can help people acquire a personal loan to meet an emergency.

You have the opportunity to represent a leading bank and market its financial products by working as a part-time consultant. Most people, who may be your relatives, friends, neighbours, or colleagues, look for immediate financial assistance during an emergency. There are numerous financial institutions, including banks, offering instant personal loans. It is not easy to find the right bank.

As a referral partner of IDFC FIRST Bank, you can assist them in getting a personal loan at a flexible repayment schedule and competitive interest rate. If you are good at networking, you can make use of one of these best side jobs online for higher earnings. IDFC FIRST Bank requires you to have sufficient knowledge about their loan products and share them with prospective applicants. To earn extra money and grow your business, you need to:

  1. Become a referral partner or a part-time financial advisor

You can become a referral partner of IDFC FIRST Bank if you are over 18 years and a citizen of India. Furthermore, you are required to download the MyFIRST Partner App and register your name by submitting:

  • A copy of your recent photo
  • Your personal details such as your name, age, date of birth, address, and PAN Card and Aadhaar Card details
  • The scanned copies of your PAN Card and Aadhaar Card, Voter ID, or Passport for identity and address proof
  • Your bank account details

You may have to verify the details submitted by submitting the OTP sent to your mobile phone. On confirmation, you can start getting referrals for personal loans to make money online in India easily. You will be paid for each positive referral.

  1. Build a strong referral network

People trust those who know them well. You generally come across your family members or friends who seek advice on attaining an instant loan to meet an emergency. You can share your experience of acquiring a personal loan from IDFC FIRST Bank or the benefits of applying for a loan through a referral app.

Such people trust you and value your advice when you are in social circles. You can thus build your referrals by putting some effort into networking and through word-of-mouth marketing.

  1. Help people apply for and get a personal loan

 

As a referral partner, you need to help your referrals get a personal loan. Using the MyFIRST Partner App, you can fill out the loan applications and submit them with supporting documents for processing and approval of the application. IDFC FIRST Bank looks for the applicants’ eligibility criteria before approval.

Once you have submitted the duly filled loan applications, a relationship manager from the support team will get in touch with the customers and extend complete support and assistance in getting the personal loan.

  1. Receive compensation for each disbursement

You are paid for the referrals after the disbursement of the loan amount. A certain percentage of the loan amount sanctioned is credited to your bank account. You also earn some exciting rewards.

IDFC FIRST Bank offers one of the best extra income jobs for insurance agents, financial advisors, retired persons, and students, who can associate with the bank by registering with the MyFirst Partner App.

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Mark Roemer Oakland Discusses Space-Saving Bedroom Furniture for Tiny Apartments

Mar 11, 2022

Introduction

According to Mark Roemer Oakland, it is crucial to choose your furniture carefully when you live in a tiny apartment where space is a limited resource. This is also true if you want to live a life of minimalism and practice a micro lifestyle such as those who live in streamlined small apartments or even micro-loft apartments. Fortunately, there are tons of furniture options that you can add to your home to utilize the limited space in your bedroom wisely.

The Furniture

Here are a few space-saving bedroom furniture for tiny apartments:

  1. Consider a bed with storage space – Beds that come with under-the-bed storage options are a must for tiny apartments since the bedrooms in such apartments have small dimensions which can make it difficult to organize too much furniture in the bedroom which can severely limit your storage options.

A large lift bed is the most appropriate option for limited spaces since it not only allows you to store your items such as extra pillows, blankets, accessories, clothes that are out of season, or even shoes but also allows you to organize them more easily. And this way you can even avoid or delay purchasing some furniture even if you have the space.

  1. Transform the space with a Murphy bed – Murphy beds (wall beds) are always in popular demand among people who live in small studio apartments. Granted, Murphy beds are an expensive space-saving solution, and many people may not consider them a good option.

However, these beds can seamlessly blend into the decor of the room which essentially hides the bed, and thus are excellent to put up in bedrooms that also serve as your home office. There are a lot of design options for Murphy beds and some offer better space-saving solutions that provide you with extra storage.

  1. Sofa-bed – Sofa beds are an excellent alternative to Murphy beds since they are not as expensive but still serve their purpose for people who live in bedrooms with tiny apartments. These beds can be folded to look exactly like a sofa or a couch that is large enough to seat multiple people. And, when extended, they can open up to become a full-size bed that is comfortable to sleep on without any issues.

Of course, it might not provide the same level of comfort as real beds, but you can ignore the issue when you get used to the soft surface. Plus, these also come with smart storage options that allow you to store items underneath the sofa bed.

  1. Desk bed – Desk beds are the most unique options but equally effective when you have to save space in your bedroom. These desks can be unfolded to transform them into full beds and folded back to offer under-the-bed storage and a writing surface on top.

Conclusion

Mark Roemer Oakland suggests you only choose furniture for tiny apartments from reputed brands and those models that have a good customer rating. These types of furniture that allow for intelligent storage options can cost a lot due to their engineering and product design, but the quality of the product can vary vastly.

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Surfaces to Disinfect in the Home and Office

Feb 18, 2022

Introduction

Bacteria and viruses can land on different types of surfaces and stay there until they are picked up by the next person. To prevent the spread of germs and diseases you need to clean and disinfect surfaces in your home and office. You can hire professionals for the job by searching for “home cleaning services near me”. On the other hand, you can do it yourself. Here is what you need to know to get started:

The Surfaces

  1. Cleaning vs Disinfecting – Cleaning and disinfecting aren’t the same thing and you may not need to disinfect your surfaces if the situation doesn’t call for it. With cleaning, you use detergents and soaps to reduce germs and surfaces along with dirt, dust, and grime to make it look clean and decrease the risk of infection. Cleaning once every day is enough when there’s no one with confirmed or suspected COVID-19 or other transmissible diseases in your home or office.

On the other hand, if someone has an easily transmissible disease or is suspected to have one, you need to clean surfaces more frequently and disinfect them as well. Disinfecting surfaces using EPA-approved disinfectants kill all remaining germs on the surface and minimizes the risk of infection. After cleaning surfaces, you need to disinfect them to reach maximum effectiveness. You need to pay special attention to poorly ventilated areas, high-traffic surfaces, and deep clean the facility or your home if there’s been anyone with confirmed transmissible diseases within the premises in the last 24 hours.

  1. Develop a plan – Cleaning starts with a plan. Consider the types of surfaces you need to clean and how often they are contacted by people. A surface poses a higher risk when it gets high traffic. You need to clean and disinfect such surfaces at least once a day. When choosing cleaning supplies refer to the EPA-approved list of disinfectants.

You may decide to clean high-touch surfaces once a day or as many times as it may seem necessary. High-touch surfaces include everything from door handles, faucets, switches, and stair rails to buttons, keyboards, desks, toilets, phones, and sinks.

  1. Precautions – While disinfecting your home or your office you need to protect yourself and your cleaning staff. If you have cleaning staff for your facility, make sure that they are trained properly about the use of cleaning and disinfecting products. The safety precautions are usually written on the label of the product. This could include anything from the use and application methods of the chemicals to the use of PPE like glasses, gloves, masks, and even additional ventilation.

If you’re cleaning your home, wash your hands with soap and water for 20 seconds after cleaning. After the hands are visibly clean, make sure to use sanitizers with at least 60 percent alcohol concentration to disinfect your hands. If you have asthma or other chronic respiratory issues, take special precautions since some of the cleaning and disinfecting agents may trigger symptoms.

  1. Alternative disinfecting methods – Some people don’t like to use so many chemicals regularly in their home or facility. While they kill germs, they may cause respiratory issues and are toxic to some extent. That’s why you need to open the windows and allow proper air circulation after using certain disinfectants. That’s why some people look towards other solutions.

Some of the most effective alternative disinfecting solutions are the use of UV light, ultrasonic waves, and LED blue light. However, their effectiveness is yet to be proven against viruses that cause COVID-19. Apart from those methods, people also opt for fumigation, fogging, and wide-area electrostatic spraying. However, most of these methods carry other risk factors and aren’t recommended by the CDC. That’s why it’s best to use them as complimentary disinfecting methods instead of making them the primary solution.

  1. Soft surfaces – Now that you know about the safety precautions, different methods of disinfecting and have come up with a plan to disinfect your space, it’s time to figure out how you need to deal with different types of surfaces. Different types of surfaces need different approaches.

For soft surfaces like drapes, carpets, and rugs in your home and office, you can clean them using products that contain detergents, soap, or other types of cleaners that are effective on those surfaces. For certain items like curtains and drapes, you can launder them according to the manufacturer’s instructions. After cleaning them in the washer, you need to use the warmest appropriate setting on the dryer and kill off all germs and viruses.

  1. Towels, clothing, and linens – With laundry things get a little tricky at home if you have someone who has COVID-19 or some other transmissible disease. Let’s clear the obvious doubt. It is completely safe to clean dirty laundry from a person who is sick with the disease with other people’s clothing as long as you maintain precaution.

That means while handling the dirty laundry you need to wear a mask, gloves and designate a separate laundry basket for the sick person. Every time you retrieve their dirty laundry, you also need to disinfect the basket. After you’re done with the laundry make sure to wash your hands properly with soap for half a minute. 

  1. Electronics and Outdoor areas – Electronics like tablets, touch screens, keyboards, and remote controls are some of the most-touched surfaces and cleaning them can be tricky. It’s best to use a transparent cover over them so that you can easily wipe them down with a disinfecting solution. On the other hand, high-touch surfaces in outdoor areas like rails, grab bars, handles, and more made of metal and plastic should be cleaned and disinfected regularly.

Conclusion

As you can see, cleaning and disinfecting surfaces during a pandemic isn’t easy. Whether you’re a homeowner or a business owner you need to keep surfaces disinfected properly to prevent diseases. To get the most productivity out of your employees, you can leave this task to professionals. To hire professionals for this task, search for “home cleaning services near me”.

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What to Consider When Choosing a Business Model

Jan 24, 2022

Many people make the mistake of starting businesses without understanding the model first. They then get surprised when they realize how hard it is to actually run it. They might find out that margins are much thinner than they expected or that there’s less demand for their products and services than they thought. Understanding a business model will allow you to get a better idea of whether you’re cut out for it and if you have a true chance at succeeding. It will also allow you to better prepare for the obstacles that might stand in your way. Let’s take a look at a few things you should consider when choosing a business model.

What’s the Value Proposition?

This is probably the single most important question that needs to be answered when starting a business. In short, the value proposition is the reason why your business exists and what needs it aims to fill. More broadly, the value proposition is what separates your business from others and why customers should choose your business over the competition.

For some people, the value proposition will be lower prices. Others will focus on faster delivery and more convenience, or they will emphasize the fact that they use local workers or suppliers. Once you’ve found your value proposition, we suggest that you use a business model canvas and make the value proposition central to it. Here’s a business model canvas example you could use. This will allow you to stick to your business’s mission and identity while having a clear view of all its moving parts.

How Are You Going to Make Money?

This is the second question you should ask when looking at a business model. This might seem like a simple question at first glance, but it isn’t. If you want to build an app, for instance, then you could decide to go for a freemium model or a subscription. However, you can’t just assume that one or the other will work for you. If most of the competing apps are already doing what you’re doing for free and you expect to make money through subscriptions, you might be disappointed with the results.

You also have to be careful to not hurt your customers’ experience with your monetization model. You shouldn’t ask them to pay for a subscription and try to make money through ads as well, for instance. Another thing you have to think about is whether you will have to rely on return business or if you’ll be getting a lot of one-and-done purchases. This will affect how much time, money, and attention you’ll need to give to nurturing and monitoring customer relationships.

Is the Business Model Proven?

You should think twice about going for a business model that hasn’t been proven yet. You probably don’t have the resources to perform the kind of market analysis needed to tell whether there’s an actual need for your product or service. The better option would be to go into a niche that has proven demand with little competition. You’ll then be able to look at how other businesses in that space are generating revenue, replicate their model, and improve on certain aspects so you can stand your business apart.

These are all things you need to pay special attention to when looking at a business model. Doing so will greatly increase your chances of success and help you avoid unpleasant surprises.

https://pixabay.com/photos/startup-business-people-students-849804/

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5 Things to think about as an NRI planning to buy life insurance in India

Dec 17, 2021

Life insurance is something every individual must have in place to secure the financial future of their loved ones. Term insurance is one of the most popular types of life insurance because it offers large amounts of sum assured at affordable premiums. If you are a Non-Resident Indian (NRI) and are considering buying a term insurance plan in India, here are a few things you need to think about:

  1. Make sure you are eligible

You can buy a life insurance policy if you either qualify as an NRI or a Person of Indian Origin (PIO). An NRI is an Indian citizen who is residing in a foreign country for an extended period – at least 183 days in a financial year.

A citizen of another country, other than Bangladesh or Pakistan, is considered a PIO if at any point they held an Indian passport or whose parents, grandparents, or great grandparents were Indian citizens. The spouse of an Indian citizen or an individual who qualifies as a PIO according to one of the above clauses is also considered a PIO.

  1. Select the right insurer

Once you’re sure you qualify either as an NRI or a PIO, you should compare different insurers offering life insurance for NRIs. When selecting a term insurance policy, you shouldn’t simply compare the premiums. A low premium does not always mean the right policy or one that offers comprehensive coverage. An important factor to consider is the claim settlement ratio of the insurer. This ratio tells you how reliable the insurer is when it comes to settling term insurance claims. A 95% claim settlement ratio means they settled 95% of all the claims they received in one year.

You should also look at the turnaround time because you want to opt for an insurer who is quick in settling and disbursing the funds. Other things to look at are the quality and accessibility of customer service, brand image, and if they have a specifically designed process in place to help NRIs with documentation, medical tests, etc.

  1. Figure out the medical exam procedure

A medical test is mandatory in the case of life insurance in two cases – either if your age is above the one specified by the insurer (usually 35 or 40) or if your policy amount is above Rs 10 lakhs. What the medical test entails will depend upon factors such as your age, family’s medical history, and your lifestyle habits such as whether you drink alcohol or smoke. Generally, a urine and blood test are conducted, and your height and weight are measured. Additional tests may be required to measure cholesterol levels and STDs.

As an NRI buying term insurance in India, you can go about the medical test in two ways. One, you can come to India and get your medical test done through the insurer. Or two, you can get your test done in the country of your current residence as per the terms of the insurer and send them the reports. Most insurers have tie-ups with overseas medical facilities for the medical examination.

  1. Determine how you will pay the premium

Once you narrow down on the insurer and select the term insurance policy, you need to consider how you’re going to make your premium payments. You can pay your term insurance premium through a Foreign Currency Non-Resident Account (FCNR). This is a type of fixed deposit account that is held in foreign currency for depositing the income that you earned overseas.

Alternatively, you can also pay in Indian rupees through a Non-Resident External Account (NRE) or through a Non-Resident Ordinary Account (NRO) depending on whether your income source is entirely from overseas or partly from overseas and partly from India.

  1. Understand how you will be taxed

When it comes to life insurance, there can be three points of taxation – when you pay premiums, when you earn interest, and when you receive the payout either as a death benefit or maturity benefit. There are different sections under the Income Tax Act, 1961 in India that allow for certain tax deductions and exemptions for various instruments including life insurance policies. However, when you look at term insurance for NRIs in India, you need to consider:

  • Do these sections apply to you as an NRI
  • What the tax laws are in the country you are currently residing in

You can consult a financial expert who can help you figure out how your term insurance will be taxed in the context of both India and the foreign country.

Conclusion

If you have any doubts about either the process of buying the policy or the claim settlement process, you should reach out to the insurance companies you have narrowed down. It will not only help you get a clear idea of the policy, but you will also be able to tell how the service of the insurer is.

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Here Are Some Key Reasons to Select a Comprehensive Car Insurance

Nov 26, 2021

If you are a car owner, you would be well aware that having a car insurance is mandatory to drive in India. But if you are someone that has done a bit of research about traffic regulations in the country, you will know that only a certain amount of insurance coverage is mandatory.

According to the Motor Vehicles Act, 1988, any vehicle that drives on Indian roads should be covered under at least a third-party car insurance policy. This is because the policy is aimed to cover you against any legal or financial liabilities in the case of an accident. More precisely, if your car ends up causing physical harm or property damage to a third-party, they are entitled to compensation that can be too much to bear for you. Hence, the insurance provider will cover you for it. However, a third-party policy is a minimum requirement. This means there is always more coverage that you can go for.

The other option you have is to go for is a standalone policy. It is the opposite of a third-party policy. Where a third-party policy only covers liabilities, a standalone policy only covers own damages. Hence, if you buy a standalone policy, you will have to cover the liabilities of an accident. Moreover, you might be fined for not having liability coverage by traffic authorities. Hence, what you need is a holistic coverage option. One such option is a comprehensive car insurance policy. Here is why you should select comprehensive car insurance:

Highest form of coverage

Out of all the car insurance coverage options, a comprehensive policy offers the highest degree of protection. It gets its name for the 360-degree coverage that it offers. Firstly, it offers the coverage of a third-party policy. This means that coverage for legal financial liabilities is included. Adding to that, the policy covers own damages. This means it offers compensation to you in the case your vehicle suffers any damages or loss due to an accident or any other mishap. You can either claim reimbursement of all the money you spend on repairing your car or you can make a cashless claim and have your insurance provider cover the repairs. The latter out of the two is often preferred. If you want holistic coverage for your car, you should immediately use a car insurance calculator to get an idea of how much a comprehensive policy will cost you. * Standard T&C Apply

Compensation for death or disability

A comprehensive car insurance policy provides coverage for physical injuries and/or death of the driver /owner of the car. In case, the policyholder suffers from a partial disability, permanent disability, or death, there will be a fixed amount that will be paid out to the parties concerned. In the case of a disability, the policyholder will receive the amount. In the case of death, the amount will be given to a nominee of the policy. * Standard T&C Apply

Protection from natural calamities

Usually, at the time of car insurance claims, the damage to be repaired is due to a road accident or vandalism. However, that is not the only way your car can get damaged. Sometimes, you could have simply parked your car and an earthquake, or a flood could do major damage to your car. A comprehensive policy covers your car against damages caused by natural calamities. In the case that your car gets damaged beyond repair, you will receive a pay-out as compensation for the car. * Standard T&C Apply

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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