Personal Injury Insurance Claim

Personal Injury Insurance Claim
Personal injury protection is advisable for most people
depending on the everyday driving activities of the person
involved. This is not just a frivolous indulgence either,
especially if you have the responsibility of paying a
mortgage and dependents that rely on your physical
wellbeing. Personal injury protection or PIP may be a part
of a larger personal insurance plan or a specific plan in
and of itself. As with many things in life, it is often
those that need something the most that cannot afford it
and this type of insurance does not always fit into the
average family's monthly expenses. The situation can be
made worse when the policy has not been researched
carefully and does not insure everything it was intended to.

In America personal injury protection is now a required
form of insurance cover in many states although the amount
does vary depending where you are in the USA. In Alaska for
example a car driver will require ten times the amount of
insurance cover that a driver will in Florida. Even if
personal injury protection is not obligatory in your state,
you may still want to consider purchasing the insurance
policy to protect you from any personal injury insurance
claim. Personal Injury protection will pay around 80%
(depending on the insurance plan) of the costs of the
insurance holder and passengers. But because personal
injury protection is considered a no fault insurance policy
it covers you and your passengers, even if it was your
fault, for medical bills, expenses and any lost earnings.

Before you purchase personal injury protection, you would
be advised to take a look at your current policies and see
whether or not the areas covered by the proposed personal
injury protection are not already duplicated with other
insurance plans. It could be that the cost of lost wages
and medical bills may be recovered through an existing
health insurance policy. If you were to discover this it
may only be necessary to take out a minimal cover personal
injury protection policy and possibly not require one at
all.

Your driving record can also be a contributing factor when
considering whether or not you actually require personal
injury protection. If you carry passengers on a regular
basis your health insurance might cover your own medical
expenses, it won't however, cover those of your passengers
(unless they are members of your family who are on your
health plan). If, after checking your current health
insurance you find that passengers are not protected by the
policy you will be required to ensure they are covered by a
personal injury protection plan in the event of an
accident. It is not unfair to assume that any person
traveling in your vehicle should be the responsibility of
the driver and insured individual.

If you live in a state that does not have mandatory
personal injury protection you may want to add this into
your insurance portfolio. Many drivers find they only
require minimal personal injury protection cover as they
are middle aged, experienced drivers with a good record and
already have an adequate health insurance plan in force.
Younger drivers however, do not fair so well if they are
inexperienced with little insurance cover in place but they
are often in greater need of good health insurance cover to
protect themselves and any family they have. Accidents
unfortunately happen but before you rush into buying
insurance cover, look into the subject as it could save you
some money but more importantly will make you feel more
secure when you drive with passengers.

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Keith Mallinson BscHons Provides Information on personal
injury insurance, what it is, how to find auto accident
personal injury insurance claim and where to find the best
personal injury insurance settlement information.
http://www.personal-injury.insurance-llc.com/personal-injury
-insurance-claim.html

A 'Deadbeats' Approach to Build Your Credit Scores

A 'Deadbeats' Approach to Build Your Credit Scores
You want the credit card companies to refer to you as a
'deadbeat' or a 'freeloader'. That may not sound like a
good thing; but it is. That is how banking industry
insiders refer to people that do not carry credit debt and
pay off their credit card balance in full each month.

To know why these financially savvy customers are referred
to as 'deadbeats', lets look at it from the credit card
company's point of view. Credit card companies want
customers that are 'revolvers'. Revolvers are customers
that carry college debt and credit card debt; that's how
they make their money. Their ideal customer is one that
make the minimum payments. These people will have carry
credit card debt for a long time. Depending on the
interest rate, if you make just the minimum payments, it
could take you more than 15 years to pay credit card debt
off.

Credit card companies also like customers that frequently
make late payment and go over their limit. Just by paying
late, credit card companies can jack up your interest rates
and charge you additional fees. Going over the limit can
have the same consequences. The credit card companies may
force you to pay the balance below the limit or you risk
having these fees add up month after month.

So strive to be a 'deadbeat' and 'freeloader'. Be the
credit card company's worst customer! This is the first
step to long term financial success planning.

Use credit cards to build your credit score. Before you
empty your wallet or purse and destroy your credit cards,
it is important to understand the benefits of having open
revolving credit. Of course credit cards make it easy to
reserve a hotel room, rent a car and are a convent way to
pay. It's important to understand that they do a lot more.
Credit cards are an important tool in your financial
toolbox.

Credit cards offer you an effective way to raise your
credit scores. Most already know that by having good
credit scores it will help you qualify for loans easier.
What's more you could receive lower rates and lower closing
cost. A side benefit of higher credit scores is that it
will help you avoid the embarrassment of being denied for a
loan.

The reason credit cards can help boost your credit score is
due to how credit bureaus evaluate you. Credit bureaus
grade customers based on their ability to repay loans
(debt). So if you never established or maintain credit
transactions, your credit scores will be lower. So if you
always pay cash and don't have any loans you will have poor
credit.

An easy way to understand this is by looking at how
teachers grade you in school. If you have never taken a
quiz, test or completed and assignment then how can the
teacher grade you? It's the exact same thing with the
credit bureaus. It's your responsibility to prove to the
credit bureaus that you have the ability to repay debt. So
by using your credit card and paying it off in full each
month you are rewarded with a higher credit rating.

To use credit cards to raise your credit score there are
some simple steps you can take. First, once you have a
working budget and money saved, build up $25,000 to $45,000
worth of available revolving credit. Then use your credit
each month and pay them off in full. Make sure not to
carry any balance over otherwise you will have to pay
interest on the amount you owe. By paying it off in full
before the next month you will not have to pay interest
charges to the credit card companies.

Before starting to build your credit scores it is important
you take the necessary safety precautions. Make sure you
are financially secure before starting to use credit cards
to build your credit score. Before you get your first
credit card make sure you have:

1) Six month of bills saved. You should have an emergency
fund that is equal to six months worth of your monthly
bills. Set this money aside in your savings account. To
illustrate, if you have bills of $1500 a month you should
have $9000 in your savings account. That way in case
anything unexpected occurs you will avoid the credit card
debt plague.

2) A working budget. An easy test to see if your budget is
working is if you're able to save money each month. In
other words, check to make sure that you bring home more
money than you spend.

3) Automated bill payment method. Set up an online
automatic bill payment for all your bills that are reported
to the credit bureaus. By having an automated system in
place you won't have to worry about forgetting a bill. It
can happen easy and one late pay will haunt you for 7 years.

4) You are in control of your spending. If you're the type
that will spend money if you have it, you probably should
consider waiting to get a credit card. Work on improving
your spending habits and make sure your in control before
getting a credit card.

5) Protect your identity. Make sure to destroy all
financial statements. Shred all sensitive documents before
throwing it away in the trash. There are plenty of
dumpster diver that would love to get a hold of your
personal information. Also be careful when submitting
personal information online.

Those 5 steps will help you to become a great 'deadbeat'.
A 'deadbeat' with a great credit score!

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Vince Shorb, author of 'Financially Free by 30', has
personally reviewed the credit reports of over 10,000
people. Get more real world, practical credit advice and
free training videos at http://www.FreeBy30.com .

Get your Credit Score Straight for 08 !

Get your Credit Score Straight for 08 !
Your Credit Score for 07 may have been a little under the
weather. Towards the end of the year, we all look at what
we have accomplished, and what our new goals are for the
New Year. Maybe increasing your Credit Score is one of your
goals for 2008. In this article I will discuss and give
advice on how you can accomplish just that. I still
continually meet families that are not happy with there
scores, or what is being reported on there Credit Report.
The number one question I get asked is what can I do to
improve my Credit. Here are three quick ways.

1. Reduce Debt
2. Increase your credit limits on Credit Cards
3. Get any inaccuracies on your report removed.

To reduce debt is easier said than done. But let's assume
you have 3 credit cards with high interest rates.
Example:

American Express
Balance owed: $6,000
Minimum Payment: 100.00

Visa Card
Balance Owed: $4,500
Minimum Payment $75.00

Master Card
Balanced Owed: $2,300
Minimum Payment: $45.00

To pay off your debt fast, you make minimum payments on 2
cards and double payments on one card only. If you do this
you will pay off your cards quicker. Start with the
Smallest Balanced owed first and work your way up to the
bigger balances owed. This is the fastest way to Reduce
Debt.

Increasing your credit limits on cards, may sound crazy,
but let's assume the following.

Credit Limit $12,000
Balanced Owed $9,000

This particular situation will drop your scores, because
the balanced owed is more than 30% of credit limit. A big
part of your credit score factor is Amount Owed-Extent of
Indebtedness, which is 30% of the overall determining
factor of your score. If you increase your credit limit on
the card to where balanced owed is below 30% of the new
credit limit your score will increase 15 to 20 points.

Get items on your credit report removed if it is incorrect.
Typically when a item is reported on your credit report, it
is reported with all 3 bureaus. Here is where you go to get
items disputed by phone

Experian: (800) 583-4080 9am ' 5pm your Time Zone
Equifax: (800) 797-7033 9am ' 5pm your Time Zone
Trans Union: (800) 916-8800 8:30 -4:30 your Time Zone

When you call the Bureaus to dispute a matter over the
phone, be prepared to fax over documentation backing the
dispute. If the debt is yours and you are calling to
dispute it, you more than likely will not get it removed.
Make sure it is a legitimate inaccuracy. I believe this is
a miss conception out there, that the 3 bureaus will remove
an obligation that you actually owe. Well this is not true,
you need proof you don't owe the debt, or some kind of
documentation for the dispute.

Conclusion: If you follow this 3 step process, you will
soon see that your scores will start to increase, and you
will start putting money back into your pocket instead of
someone else. Remember "your Credit is your Life."

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About the Author: Mike Clover is the owner of
http://www.my720fico.com . My720fico.com is one of the most
unique on-line resources for free credit score reports,
Internet identity theft software, secure credit cards, and
a BlOG with a wealth of personal credit information. The
information within this website is written by professionals
that know about credit, and what determines ones credit
worthiness.