What is Car Insurance?

Written by John Mussi


Car insurance is compulsory inrepparttar UK. You are required by law to have a policy to cover your liability to other road users.

The Road Traffic Act requires all motorists to be insured against their liability for injuries to others (including passengers) and for damage to other people's property resulting from use of a vehicle on a road or other public place. It is an offence to drive your car or allow others to drive it without insurance.

Owning and driving a car means taking on many risks to yourself and others. When a traffic accident happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.

Car Insurance protects motorists and drivers against liability inrepparttar 143185 event of accidents they may cause. It can also provide cover forrepparttar 143186 motorist's own vehicle.

Car insurance is what safeguards you against loss due to traffic accidents, thefts or other reasons. Taking out car insurance is very important as insurance is what secures you from economic loss or damages. In case you do not have car insurance and you are involved in an accident, in spite of who is at fault, you will be payingrepparttar 143187 compensation concerned with damages. Car insurance is designed to protect yourself and others against these risks.

Many different types of cover are available, ranging from third party cover which protects individuals against liability should they injure a third party or cause damage to a third party's property, but does not provide any cover forrepparttar 143188 individual's own vehicle or property, through to comprehensive cover, which can offer protection for accidental damage, theft, fire damage as well as liability towards third parties. The minimum legal requirement for car insurance to drive inrepparttar 143189 UK is Third Party Only,

What is a Loan?

Written by John Mussi


A loan is money that you borrow and agree to pay back over a set period of time with interest. The amount of money you borrow is called principal, and interest isrepparttar cost for borrowingrepparttar 143184 money. The length of time set to pay backrepparttar 143185 loan is known asrepparttar 143186 term.

It is best to get a loan only for very large purchases or in an emergency. Getting a large loan or getting many loans that you can't pay back can cause huge financial problems, because it can get very difficult to pay them back each month.

There are many benefits to getting a loan. A loan gives yourepparttar 143187 money you need to pay for something big like a house, a car, college tuition, or major home repairs when you don't haverepparttar 143188 cash to coverrepparttar 143189 purchase. Most people could not afford to do these things without loans.

Loans come in a variety of shapes and sizes each performing a different function and having different interest rates. Loan rates are variable, depending on status.

Loan repayments will depend onrepparttar 143190 amount borrowed and term. Loans are taken out with selected, reputable institutional money lenders.

Depending onrepparttar 143191 type of loan chosen you can borrow anywhere from £500 to £1,000,000 and can repay it over a period of between six months and twenty-five years.

Nowadays, it is quite easy for most people to qualify for a loan of one sort or another even if they have a bad credit history. Loans can be applied for in person, by telephone or more commonly now, overrepparttar 143192 Internet.

Loans can be used for any purpose. A loan can help you with home improvements such as a new kitchen or bathroom, that once-in-a-lifetime holiday, your dream car or repaying debts to reduce your monthly outgoings to a more manageable amount.

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