Onward Travel Breakdown Insurance

Onward travel breakdown insurance coverage is a super plan for anyone who has to travel to Europe regularly as part of their job. There is nothing more disgruntling than having a transportation problem when you are miles from anything familiar, yet need to be somewhere at a particular time. What Onward Travel Can Do When your vehicle develops a major mechanical failure such as a problem with the transmission, motor or drivetrain, onward travel can either provide you with a motel or hotel for an overnight stay, or it can help you locate alternative transportation such as a rental vehicle. Not all policies are the same, so it is a good idea to check what is covered before purchasing. Some companies even have a sort of sliding scale where your coverage is balanced by the fee you pay. How It Might Work Example #1: The Traveling Sales Person Keeping in mind that different companies might handle lengthy repairs differently, let’s consider a couple possible scenarios where Onward Travel would really help. Let’s suppose that you are a traveling salesperson. Not the old-fashioned door-to-door type of salesman like the play by Arthur Miller, but a more modern sort who sells equipment to companies or hospitals. Because of this, you might be transporting some rather expensive items to demonstrate at your destination.  Your vehicle develops a flat tire. That’s not so bad, but in the process of getting it under control, you tip sideways a little before settling back on all four tires. That little tip-over has bent the axle on your car, making it unsafe to drive. Your insurance will pay for the repair, but meanwhile you are stranded with several heavy cases of expensive equipment. Your Travel-on coverage comes to the rescue with a vehicle that will accommodate you and your demonstration items. Example #2: Vacationing in Europe One of the scariest things that can happen to you when on a motor tour is to break down in an area where you do not speak the language. Talking to mechanics is difficult enough when you both speak the same basic language, but when you are trying to translate mechanical terms into a different language it becomes so much harder. Not only that, it is extremely disappointing to spend your vacation time waiting around in a repair center’s vestibule while your car is being repaired. Perhaps the transmission has gone out on your car. You are stranded while it is being fixed, a process that might take one or two days, or even a week if parts must be ordered. With Travel On coverage, instead of waiting around the garage for your vehicle to be repaired, you might be provided with a motel room and a rental vehicle so that you can continue to enjoy your vacation time while your vehicle is getting its new parts. The Choice is Clear You can spend several hours in a waiting area while your vehicle is being repaired, or you can have a rental vehicle or perhaps a motel or hotel room where you can wait in comfort. If your commitments are such that you must continue your journey, then some Travel On policies will even make arrangements to reconnect you with your vehicle when the repairs are complete. Bottom Line It doesn’t take much thought to determine that having the Travel On option is a much better choice than losing time to vehicle repairs or spending your vacation time sitting around a waiting room. Your vehicle gets repaired, you get to keep up with your schedule, and you are able to easily make a connection with a repair person who is vouched for by your insurance company. It is a win-win all around.

3 reasons you need to have medical insurance

Health insurance is essential for everybody. The medical expenses are increasing day by day and people’s health conditions are also deteriorating due to pollution and unhealthy lifestyle. Anyone can have a medical emergency anytime and it can affect not only you but your entire family both financially and emotionally. It is recommended that you buy a medical insurance early in your life so that you don’t have to think about money when a crucial medical need arises. Here are the top three reasons why you should have medical insurance.

You won’t have to take loan

If you have a medical insurance, then you won’t have any financial stress at your old age. When you get old you become vulnerable to diseases. You need to keep a good portion of your savings aside to take care of your medical needs. If you have a medical insurance, all your major medical conditions will be covered. So, you won’t have to worry about getting a loan for your treatment.

Gives financial security

If you get admitted to a hospital, the expenses increase exponentially. You have to pay the room charge, bills for diagnosis and medicine, etc. If you know that you have the medical insurance to cover all these then you get financial security. It will give you peace of mind.

The portion your employer covers is insufficient

In most jobs, your employer will offer you health insurance policy. But this is not enough. The bills you will get after getting hospitalized will be more than the amount your office insurance will cover. So, you should have your own medical insurance policy. Medical insurance gives you the opportunity to seek better treatment. You should get a good medical insurance plan for yourself and your family members at the earliest.

3 reasons why you should start saving for your retirement early

  Saving money for your retirement is a form of investment. Though most people wait till they reach the age of 50 to start their retirement plan, it is always wise to start saving early for your retirement. Here are three reasons why.

You can take more risks

The early you invest in your retirement plan, the more time you have to juggle with your finances. You can invest money in risky ventures and get high returns. In case you incur a loss, you will still have the time to recover from your loss.

You will be able to save more money

When you start to think about your retirement early, you will start to limit your expenditures and keep money aside for saving. So, your spending habits will get better and you will be able to save a lot of money in future. You will soon get out of the impulse buying habit.

You will have a better life

By saving early, you will become more financially secure as you grow old. So, you won’t have to worry much if you need any medical assistance or other unforeseen expenses. Most people rely on their pension after retirement. But this is not enough. Your health is a major concern when you get old. The pension you will get will be just enough to run your family. It won’t be sufficient to meet the extra medical and nursing care needs. So, planning for your retirement is a very smart move to make.

Top 4 tips for investing in startups

It can be greatly rewarding if you invest in startups. You will be contributing to creating something from scratch when you invest your money there. Entrepreneurs are now contributing to the economy of the country.So, by investing in their venture you are actually contributing to the economy yourself. Though the experience can be rewarding, there are some risks associated with the investment as well. Here are some tips for you that might be helpful if you think of investing in startups.

Do your homework

You should learn about the background of everyone involved with the venture. You should make sure that they are experts in the relevant sector and have the capability to start a successful business. You should check the backgrounds of the people involved.

You should invest in something you have knowledge

You need to understand the business you are investing in. So, choose something that you understand. That way you will be able to make a sound decision. You should ensure that the business has a good scalable model so that it can grow and become successful.

Have patience

You may not get your expected returns for a long time. You should have the patience to wait. A startup requires a lot of cash at the beginning. You need to make a continuous investment for the business to have a strong foothold. On average, you might have to wait for 3 to 5 years before you will see any profit coming out of the investment.

Plan an exit strategy

When you invest in startups your money can be stuck for years. You may not get any return for 5 years; even after that, you may not be able to take out your initial investment. You should have a plan to liquidate your investment. You should look at the legal documents and do a thorough research on the business partners before investing your money in any startup. You should take the decision wisely so that you don’t end up losing all your money.