Types of insurance

As stated many different types of insurance available in the market. Such as life insurance,auto insurance, health insurance,car insurance, property insurance .A single policy may cover risks in one or more of the above categories.For example car insurance would typically cover both property and liability risk.A home owner's insurance policy is typically includes property insurance covering damage to the home and owner's belonging , liability insurance company certain legal claims against the owner and even a small amount of health insurance for medical expenses of guests who are injured on the owner's property.
Nowadays each and every person in this world should have a life insurance policy and if you are planning to buy one now then certain things have to be kept in mind .So that you take wise decision in taking the correct policy,Which suit your needs and requirement perfectly.When a person is looking for insurance ,there are few topics that he should be aware of as there are many varieties available in the market, Insurance comes in so many different varieties that you can cover attractive much anything for any chance ,meaning that there are enough types for you to take a look at.

Insurance

Insurance is contract between two parties whereby one party agree to undertake the risk of another in exchange for consideration known as premium and promises to pay a fixed some of money to the other party on happening of an uncertain event(death or a after the expiry of certain period in case of life insurance or to indemnify the other party on happening of an uncertain event in case of general insurance.The major operation of an insurance companies are underwriting the determination of which risks the insurer can take on ,and rate making ,the decisions regarding necessary prices for such risk, The underwriter is responsible for guarding against adverse selection,wherein there is excessive coverage of high risk candidates in proportion to the coverage of low risk candidates.In preventing adverse selection,the underwriter must consider physical,psychological and moral hazards in relation to applicants. Physical hazards include those dangers which surround the individual or property of the insured.

Concept of Insurance
The concept behind insurance is that a group of people exposed to similar risk come together and contributions towards formation of a pool of funds.In case a person actually suffers a loss on account of such risk,he is compensated out of same pool of funds contribution to the pool is made by a group of people sharing common risk collected by the insurance company in the form of premium.

Automobile Association UK

The Automobile Association is the British Company providing car insurance .This Association was a former motoring association that became a private limited company in hundred years ago.The AA provides wide range of services including automobile breakdown cover,car insurance services,home and travel insurance and other financial services to over 15 million members. The AA was named as the UK's top ranked roadside assistance provider by JD Power,three times in last four years.

Automobile Association's Requirement:

Current campaigns include:

• Calling for selling Breakdown Cover.
• Calling on existing member database for renewal of their current Breakdown cover.
• Helpful services for Breakdown Cover sales.
• Calling to generate Automobile Association problems followed by text message feedback.
• Internet call backs.
• Calling on leads generated by Automobile Association.
• Nationwide campaigns and motor insurance team.
• Welcome calls ;policy renewal date confirmation.
  

Automobile Breakdown Cover

Automobile Breakdown cover is ,unless otherwise stated underwritten by the Automobile Association limited.Head office (registered branch office)Fanum House Basingstoke,Hampshire RG21 4EA.Branch registered in England and Wales, number BR004875.Stay mobile and Breakdown Repair cover are underwritten by Acromas Insurance Company limited.

UK Breakdown Cover

• 24 hours roadside and recovery assistance.
• No one has as many dedicated patrols.
• fix more breakdowns by the roadside than anyone else.
• Around 40 minutes of call, they arrive for servicing.
• priority service for members in vulnerable situations.
  

How car insurance works?

Basically car insurance is there to protect you,the driver,as well as other highway users,including pedestrians who may become involved in an accident involving your vehicle.Some states,due to high accident rates,or higher crime rates have instituted laws which prohibit you from operating a motor vehicle without proper insurance , Even if your vehicle is not driven regularly unless it is a motorcycle,these state demand that your registered motor vehicle be insured.Car insurance is one aspect of an auto accident that consumer's generally don't understand.
The auto car is one of the most fascinating devices that a person can own. Automobiles are also one of the most pervasive devices, with a typical American family owning two automobiles.An automobile contains dozens of different technologies,everything from the engine to the tires is its own special universe of design and engineering.So before purchasing auto insurance you must consider a variety of factors including what kind of car you have ,your driving record and the amount of money you are willing to pay .Understanding the simple basics of auto insurance will make you confident that the car insurance policy you choose will take care of your needs to in the events of accident.

Basic policy and terms:
Your car insurance has a deductible .This the amount you must pay out of your own pocket for covered expenses before you will receive any insurance company .Rising your deductible can lower the lost of your premium .Your insurance provider builds deductible into the policy to keep you from making a very small claim that a tremendous amount to process and pay .
Insurance policies also have limits or policy caps. For instance ,your insurance policy may cover up to $ 20,000 in damage,to your vehicle and $ 50,000 in medical coverage.Each state has minimum required coverage amounts,but these minimum amounts are typically very low when compared to the amount s that you might need after an accident. Keep in mind that the lower the policy caps are then lower the cost of insurance will be send .You want to choose a policy that balances well between a generous policy cap and an affordable premium.

How insurance pays after an Accident:
If you are in an accident that causes damage to your vehicle,that should be covered by your insurance policy,you will submit the information about the accident and the damage to insurance company.They will send a claims adjuster to survey the damage and provide you with instructions on how to get an estimate on the cost of repairs,Once you have the estimate insurance company will send you a check to use to pay for the repairs on your vehicle.
If the accident causes an injury that required medical attention,your medical bills will be send to the insurance company .Many insurance provider will pay in one lump sum when your treatment is complete.

Automobile Insurance

Automobile insurance is a contract in which an insurance company ,in return for premium, agrees to pay for certain expenses and legal liabilities resulting from the use or ownership of automobile .
Liability automobile insurance coverage is the on insurance coverage that is required in all states, through either a fault or non fault system. Other types of automobile insurance coverage include collision or accident, comprehensive for fire ,theft, or other non -collision losses;medical expenses; uninsured/under insured motorists; and gap insurance to cover the difference between the actual cash value and loan value that is owed for a vehicle.Most litigation arising from automobile insurance is handled through arbitration and mediation.

What are the basic types of auto insurance?

The basic types of auto insurance coverage are:

• Bodily injury and liability which provides you in the event you cause a crash that injures someone.It also covers your legal defense if needed. Bodily injury and liability is made up two amount(i.e. 10,000/500,000).The first limits the amount of medical payments to a single person per incident,while the second puts a cap on the total amount paid out to all injured persons per occurrence.
• Property damage liability,which covers any property damages to third party such as another person's car you damage which you cause or are responsible for.
• Medical payments to the other policy owner and other passenger's in the policy owner's car.
• Uninsured and under insured motorist coverage which protects you when the negligent driver has no insurance and insufficient coverage only bodily injury losses- though some states also include property damage losses.

• Physical damage covers damage your car.

1. Collision which covers losses to your car when you are involved in a collision.
2. Comprehensive which covers most no collision physical damage to your car .

What effect has the automobile had on society?

The development of automobile has contributed to changes in employment distribution,shopping patterns,social interactions,manufacturing priority,infrastructure,goods distribution, increasing use of automobiles has reduced the role of walking horses and railroads.The automobile built upon the transport revolution started by railways and like railways.


The effect of automobiles represented a revolution in mobility and convenience, the modern sequence of heavy automotive use contribute the use of non renewable fuels,dramatic accidental health and social isolation ,air pollution and noise pollution.The effect of automobile on everyday,life have been a subject if controversy while a introduction of mass produced automobile create a massive quality of free parking spaces and to push businesses further back from the road. The automobile's impact is everywhere for the car is much more than a means of traveling from one place to another.

Quality of automobile

Quality means to check all the parts of engine.All of the components that go into a automobile are produced at other sites. This means the thousands of component pieces that comprise the car must be manufactured,tested package and shipped to the assembly plants,often on the same day they will be used. They required and no small amount of planning.To accomplish it, must automobile manufacturers require outside parts vendors to subject their component parts to rigorous testing and inspection audits similar to those used by assembly plants.Knowing what operations the vehicle has been through where it is going and when it should arrive at the next assembly station gives production management personnel the ability to electronically control the manufacturing sequence

Design

Introducing a new model of automobile generally takes three to five years from inception to assembly .Ideas for new model automobiles are developed to respond to unmet public needs and preferences. Trying to predict what the public will want to drive in five years is no small feat,yet automobile companies have successfully designed automobiles that fit public tastes with the help of computer aids design equipment.Four wheeled automobiles designed for passenger transportation and commonly propelled by an internal combustion engine using a volatile fuel . The modern automobile consists of about 14,000 parts and comprises several structural and mechanical system.

Development of concept begins after research has identified the market for the vehicle. Automotive designers create colors, interior fabrics and overall car design. They make hundred of drawing based on such factors as the potential buyer's tastes, age and income. The designers may work for the manufacturer or an independent design firm. The design staff chooses the best drawings for review by corporation executives,who makes the final selection. Designers enlarge to full scale. Today most of the design drawings are created on a computer.This proves called computer aided design to taste and modify their plan all on the computers.In a world lots of latest cars are invented day by day

BMW VisionDynamics:

A comprehensive set of official images from the design process of the BMW VisionDynamics concept presented at the 2009 ,Frankfurt motor show including interior and interior design studies and sketches and photo from the clay modal construction process.

Fiat Punto Evo:
Fiat has unveiled the Punto Evo, the evolution of the Grande Punto that features a restyled exterior,a redesigned interior and new euro 5 engines. It will debut at the 2009. Frankfurt Motor show and will go on sale in October 2009.

Why automobiles are important?

Automobile is the most important part for the human life specially in European countries and other developed nations have the most automobiles to travel to and and from work to run errands,visit friends and to take vacations.The origin of automobile can be traced to Europe. But it became a major form of transportation first in United states. Most European cars were built by hand.They were expensive and few people could afford them.The development of automobiles has had an enormous effect on people's way of life throughout much of world.Probably no other invention,discovery and technological advance has created more changes in society.
The automobile has given many people incredible freedom of movement.It helps wherever want to go.The automobiles influences where people live and work and how they spend their time.The automobile itself has become safer over the years because of advance in its design and manufacture.An automobile burn gasoline,they release hydrocarbons,carbon monoxide and nitrogen oxide into the air and so pollute it. Air pollution endangers people's health and damages crops and livestock.But even in developing nations the automobile is increasingly reshaping patterns of living.

Introduction

An automobile is a wheeled vehicles that carries passenger and an internal combination engine used for land transport like a motorcar and other types of vehicles include buses,which carries large number of commercial passengers and medium and heavy duty trucks which carry heavy loads of freight and other goods and materials.

The automobile body is assembly of sheet-metal,fiberglass,plastic or composite material panels together with windows, doors,seats and other parts that form enclosures for the passenger engine and luggage compartments.Nowadays lots of automobiles are invented day by day which have been made people luxurious .The development of the electronic automobile will owe move to innovative solar and aeronautical engineering and advanced satellite and radar technology than to traditional automotive design and contruction.