Temporary Car Insurance - Want to Know More?

by admin

Temp car insurance is growing in popularity. It is becoming a way for drivers to insure themselves in a flexible manner.

A lot of drivers are reliant on their vehicles. The one drawback of conventional insurance is that it costs a lot of money and commits you to premiums for the next year. For some people this might be better than any alternative as once it is sorted they don't have to think about it again for the next 12 months. But what do you do if you want to share the driving on holiday or insure a car for a day so you can drive it home from the dealership? This is where Temp Car Insurance comes in.

Although it is not offered by every car insurance company, temp car insurance is becoming more and more popular. It offers a cheap and flexible way to insure a driver for any amount of time between a day and six months. You don't have to obligate yourself for a whole year and can drive away the same day you set up the policy. As with conventional vehicle cover you can choose the level, from third party to fully comprehensive. The most basic is third party, then third party, fire and theft up to fully comprehensive insurance which usually covers any eventuality. You can still get breakdown cover and choose how much excess you pay. You can also travel abroad in your vehicle with short-term insurance so it is perfect for going on holiday. If you want to go away, you only have to arrange the policy with the provider and you will be covered immediately.

Short-term vehicle cover can also be used by students when they come back home for breaks from university. There is no point in insuring them for a whole year as half the time they will not be home. It can also be useful in an emergency, for instance when your car breaks down and you need to borrow a friend’s, as you can call the insurance provider and be covered from the same day.

Temp car insurance has helped out millions of people so far and is a great, flexible way of ensuring that you are protected.

Source: Temporary Car Insurance - Want to Know More?

Berkshire Scales Back Coverage of Riskiest US Policyholders

13.07.10

July 14 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. scaled back sales of the most unusual and riskiest U.S. insurance policies as prices declined and the company guarded capital for its biggest acquisition.

Berkshire’s premiums from companies insured through excess and surplus policies plummeted 32 percent to $473.9 million in the 12 months ended March 31, SNL Financial said in a report distributed yesterday by e-mail. That was the biggest drop among the top 30 carriers, pushing Omaha, Nebraska-based Berkshire to No. 12 from No. 8 among excess and surplus insurance writers.

“Their premium decline is quite a bit more than other insurance companies,” Andrew Schukman, the SNL analyst who wrote the report, said in an interview. “That’s probably an indicator that they’re pulling back a bit.”

Insurers are facing price declines as they compete for business in a contracting market. Buffett, 79, Berkshire’s chief executive officer, has reduced his firm’s reliance on insurance over the last decade by acquiring energy and freight businesses. Last year, he curbed Berkshire’s coverage of natural-disaster risks, and in February he spent $27 billion buying railroad Burlington Northern Santa Fe Corp., his biggest acquisition.

Source: BusinessWeek

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