Significance of Third Party Car Insurance

Third-party car insurance or third-party liability cover is a constitutional prerequisite under the Motor Vehicles Act of 1988, and is compulsory for anyone possessing, purchasing, or driving a motor vehicle.

It is known as the ‘third-party’ coverage because it does not provide any benefit to you, instead, covers your legal liability for the demise/ disability/ injury caused to the third-party or harm to the third-party vehicle.

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Thus, even though you are not the direct beneficiary, a third-party car insurance secures you from legal repercussions which could cost you heavily otherwise.

Since the third party car insurance plan is mandatory in India, it is usually a part of the main car insurance policy.

Basics about Third Party Car Insurance

Popular third party car insurance plans offer a lot of features such as:

i. Reimbursement in Case of

– Permanent total disability

If the third-party involved in the accident suffers a partial or permanent disability, the insurance covers the expenses of the damage for the person.

– Death

Third party insurance also covers the case of death due to a severe accident and provides death compensation to the third party. This coverage is unrestricted and generally depends on factors like the earning volume of the affected, the effect on the household, etc.

– Property Damage

The third party plan also insures you against any loss or damage of the property belonging to the third-party.

ii. Ensures Peace of Mind

Third-party car insurance policies bring peace of mind to you as an owner-driver of a car in India, since you are financially covered for any traumatic situations involving your vehicle which can only be compensated for monetarily. Hence, instead of having to worry about such unforeseen expenses, attention can be paid to providing immediate relief from stress and coping up with the incident.

iii. Easily Accessible

Third-party car insurance policies are easily accessible as they can be bought and renewed online itself, which is a quick and simple process. Hence, it can easily be availed by anyone as per their time and convenience.

iv. Cost-Effective

The third-party vehicle liability insurance as an add-on or a part of the main plan is cost-effective and quite advantageous in terms of financial costs and premiums. Such policies are affordable by all as the premiums are low and have a fixed nominal value.

How Much Does Third Party Insurance Cost?

Third-party car insurance is an affordable option when compared to other insurance plans. A comprehensive car cover for a mid-segment car, along with protection for your own damage and third-party liability will cost you around INR 10,000- 12,000.

But, buying only a third-party liability cover costs you even less than INR 1,000, which is a minor segment of the complete cover.

Also, as third-party insurance cover is compulsory by law, you generally won’t find any discrepancy in the premiums of these policies and hence, the premium amounts will essentially remain similar regardless of the insurance company you choose.

Always make sure that the insurance company you choose is registered with the Insurance and Regulatory Authority of India (IRDA) before you purchase a third-party car insurance in 2018.

How to Make the Most of Third Party Car Insurance

You can make the most of any third-party car insurance by ensuring that the plan you select has the following benefits:

i. Easy and Hassle-Free Purchase and Renewal

Third-party car insurance policy must be easily available to be bought and renewed. You should find it easily, either through the website of the insurance company or through insurance aggregator portals like Coverfox.com.

At the same time, it should be possible to renew the insurance without too many additional processes. Ideally, the company should store a copy of the previous records associated with you to make it a hassle-free and tension-free process.

ii. Easy Insurance Claim Back Process

In the event of an accident, there is enough stress that both parties go through, the policyholder and the third-party. Therefore, the insurance companies must provide relief with a simple and paperless claim back process, so as not to add undue stress. Ensure that you read the policy terms and conditions of your liability-only plan thoroughly.

Which Insurance Plan is the Best for You?

Coverfox.com can help you provide more information and assistance on the best third-party car insurance policies along with detailed descriptions of their features and benefits.

It also assists you with cost analysis and provides you with a comparison tool of all these different insurance policies. Stay insured, stay safe.

Trading Tips: Avoiding Risks in the Market

When you’re a trader, you’re always playing with the words ‘risks’ and ‘rewards.’  And of course, if you’ve been studying up about this game, you’d know the basic rule: higher rewards mean higher risks.

Now, you may think that the reverse is also true.  But, in fact, higher risks do not necessarily mean higher rewards.  This is because we sometimes incur unnecessary risks.

Therefore, it is important to understand you own risk tolerance and Kinds of Derivatives.  This also refers to your risk appetite, or the amount of risks you are willing to withstand in exchange for an amount of potential reward.  You also have to create strategies that can minimize the amount of risks you have to endure.

Here are some tips that can help you avoid the risks in your investments.

Diversification

Of course, this is one golden rule of thumb in the world of investors.  Never put all your eggs in one basket if you want to stay in the game for the long haul.  When you diversify your portfolio, you minimize the overall risk your portfolio has to suffer.  Just imagine if you concentrated all your money on stock A, and stock A suddenly crashes or goes out of business.  You have to say bitter goodbye to your investments.

Keep close eyes on your investments

Monitoring your Derivative Trading and investments on a regular basis and on an efficient way is very crucial for a successful portfolio.  You have to keep tabs on the performances of your investments.  Read the news and keep yourself updated with everything the industry does.

Monitoring your investments closely will help you see which risks are coming.  And since you know which they are ahead of time, you’d have time to prepare or even find a way to avoid them altogether.

Research

Aside from monitoring your investments, you also have to perform the proper and sufficient amount of research about them.  Researching involves going back in time (not literally) and checking how the investment performed in the past.

You also have to know the history of its growth, earnings, management changes, and debt load.  Inasmuch as you know these things, it’s equally important to know how to interpret them against the present condition of the company and the most current information about it.

The future can be easier foreseen then, if you successfully and accurately interpreted the data you have gathered.  In other words, you need to use the investment’s past and present to predict its future.  And you’re going to use your prediction to know what lies ahead for your profitability.

Do not forget Stop Loss Orders

A stop loss order is a tool placed on a stock.  This automatically triggers the stock’s sale when it goes lower than a predetermined price.  A stop loss order is there to limit or stop the losses you may incur in a trade.

It is very common for rookie traders to lose huge amounts from their investments simply because they forget to or don’t place stop loss orders.  Bear in mind that it has been proven that stop loss orders help minimize losses and maximize profits.

Guide To Move For The Revolutionary Level Trading Platform

Isn’t wrong to say HQBroker is the fortified and well-trusted platform to avail on best online trading. The brand offers a direct level of the result by means of the reputational process. The ongoing operation of the HQBroker is provided with a highly specialized fund management system whereby the client’s currencies are safely maintained under the administration place. Here you will get the HQBroker News of desperate on the funds and assets and so the traders loaded with transparent trading. Also, it has been a good intention for the trading accountability.

The traditional model of HQBroker:

The concerned HQBroker isn’t any form of any common financial regulatory authority the overall process is financial regulatory authority operational base alone. HQBroker has implemented the latest trading technologies for the purpose of assuring the customers about no chance of any downtime.

Fortified terms of HQBroker:

Around thousands of clients trust the transaction process of HQBroker and so to safeguard the valuable info about the customer’s data from any intruders an advanced technology of SSL encryption technology is blended to encrypt any sort of customer transaction.

Tradeline of HQBroker:

The trading system and its narrowed spreads will constantly differ by means of the narrowed accounts of the clients. Take for an example if you belong to the general account possessed with EUR / USD pair of the coin then the spread value is of 1.2 pips, aside from for the Silver account the spread value is 1 pip and alternatively, for the gold account the spread value is 0.8 pips. Only when your accounts have high foreign currency pair then the spread value will increase up to 5.5 pips.

Though HQBroker offers several beneficial terms and reputed as a topmost trading platform the clients have to look HQBroker Reviews to reduce shortcoming chaos on your trading line.

3 Most Common Tips On Forex Trading For Beginners- How To Be Successful

About to invest money in trading? You see, most of the inexperienced beginners face losses in Forex trading due to the implication of wrong methods. So it is very important to follow the right methods and gothrough the relevant HQBroker Reviews before hiring a broker. This article will provide tips on forex trading for beginners.

  1. Understanding needs –

It is very important to recognize markets for a profit in forex trading. But before that, it is important to know one’s self. So the first step is to ensure that the capital allocation and risk tolerance to trading are not lacking as well as are not excessive. In simple words, it means that the person should first analyze his/her financial aims before engaging in forex trading.

After that, it is important to plan the goals like defining a timeframe and developing a plan for trading. Time devoted for trading, time for the trial and error method, is it for extra income or financial independence are important things to consider while planning.

  1. Choosing a broker –

Most beginners neglect this step but it is very important to choose a right broker.  Choosing an unreliable and fake broker can result in invalidation of everything gained in time through hard work. It is important to know the broker’s aim about a client profile. It is important to see if the trading software meets the requirements of the person. There are many reviews which can be used to choose a good broker.

  1. Picking account type –

The person should choose an account type that meets the knowledge level as well as the expectations. Brokers may offer several account types, but the common rule for beginners is lower leverage is always better. People can watch various HQBroker Video Reviews.

Forex trading can be very tricky so before beginning anything proper research should be done to search for valuable info about forex trading.