How Is Classic Car Insurance Different from Regular Car Insurance

 (Photo credit: Wikipedia)

The average driver uses their car for work, shopping, and travel. The amount payed for car insurance depends on the age of the car and your driving record. Depending on whether you have a new car or just a jalopy, the amount of insurance can vary. But the costs vary according to how much the car insurance agent knows it must pay to repair or replace your car. 

But what if you have a classic car? Many of us have that dream of owning a classic car. The car could be the car you had in your youth or that car you could never afford to buy. Now that you have it, you wonder what type of insurance do you need.

Classic cars have many of the same qualities as your new car. They need to be insured for theft and damage. But do classic cars need any other types of insurance. There are differences because the classic car is not driven on the road as much as the new car. How do insurance companies account for this?

Classic car owners take a lot of pride and care in their classic car ownership. They could of personally took the time to restore the car. Maybe even taking years to painstakingly restore the car to its original appearance. So when it comes to insuring it they are very concerned about insuring it correctly.

What is a Classic car?

Most people have some idea what a classic car is. But what do car insurance companies consider a classic car? Insurers vary according to their definitions of a classic car. In general, cars built between 15 and 25 years ago are considered "classic," while those older than 25 years are considered "antique." Make sure an insurance company considers your vehicle a classic before signing on the dotted line.

What does classic car insurance actually cover?

The amount of protection varies according to the policy. Comprehensive coverage is typically the same for a classic car as it is for a modern car but with a few extra restrictions.

Insurance policies often limit how many miles per year you can drive your classic vehicle. Many insurers also put restrictions on who can drive the vehicle.

Some policies put mandates on classic car storage. Because these cars frequently attract the attention of vandals and car thieves, many insurers require you to fit your car with approved security devices and store it in a locked garage.

Many insurance companies also offer insurance coverage for replacement parts. These policies are worth looking into if you have a valuable classic vehicle or you want any replacements to be truly authentic.

What are the specifics of a classic car policy?

While looking for classic car insurance I started online. After searching online, I found the Hartford through AARP. They specialize in giving a classic car insurance quote

12-Month Rate Protection

Because the AARP Auto Insurance Program from The Hartford offers a 12-month policy, your classic car insurance rates are locked in for a full year — not just 6 months like most other companies.

Lifetime Renewability

No need to worry about losing your classic car insurance. Once you become a policyholder, you are assured continued coverage as long as you’re able to drive and meet a few simple requirements.

Auto/Home Bundle

If you bundle your home and auto insurance with the AARP Auto and Homeowners Insurance Program from The Hartford, you could save on both.

Anti-Theft Device Discount

Anti-theft devices can be either active or passive disabling devices that protect a car from theft and save you money on your Comprehensive Coverage. If you must manually activate the device, it is considered active. If no separate step is needed to activate the device, it is considered passive.

Defensive Driver Course Credit

If the classic vehicle is the car you principally operate, you’re the primary operator of the vehicle, and you have completed an approved defensive driver course, such as the AARP® Driver Safety Program, you're eligible for an auto insurance discount for the next three full years.

Not all car insurance companies provide classic car insurance. Some do but they do not specialize in it. Be sure that you classic car insurance is provided by a company that specializes in it. You do not want to risk your classic car with just any company.

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Online Education Balances Work and Career Opportunities

online education. (Photo credit: Wikipedia)

Online education has exploded, students are learning that online degrees are becoming more accepted by potential employers like traditional university degrees . According to many companies, online education is continually gaining more respect as it establishes itself in academia and the workplace. 

A recent article in the Wall Street Journal says in the past many businesses were not familiar with online degrees. Today, this opinion is fading because many mainline universities are offering MBA's, Masters of Public Administration online , and other Master's degrees online. 

A recent study by the Online Journal of Nursing Administration shows that Health providers are becoming more accepting of web based degrees. The need for employees to have a Bachelor of Science in Nursing, required for their employment, is not being satisfied by the regular university system. Their findings show that the time commitment required when attending a traditional university can not be integrated into a health care workers long hours. The time constraints of a full time job and the many duties that a family and home life require put an employees time at a premium. So nurses are converting their RN to BSN online degree.

Today's health care providers see present employees, who have gone through online degree programs benefiting from their online education. It is becoming apparent that the training they have received has made a them valuable members of the team. Companies also responded that their opinion of a potential employee with an online degree five years ago would of put that persons resume to the bottom of the pile, but not today.

One of the managers major concerns are that when you take courses online you do not have a way to use your social interaction skills that are necessary in a business environment. Sitting in front of a computer in your pajamas doing your course work can not be transferred to a dynamic work environment. Hiring managers have this opinion and it's something the employee has to think about when being interviewed.

Not all health care providers see the benefits of taking entire degree courses online. They do give much credence to already working employees adding additional degrees like a nursing or a bachelor of science degree to an employees credentials through online learning. There still is a prejudice against online colleges. The advancement of online degrees has made it's way into the systems of many state colleges. Every year you see the technology of delivering complete degrees through online programs becoming better. Today's online education system is changing rapidly every year which will greatly benefit both health care providers and employees.

The online student has to keep in mind the views hiring managers have. When taking your course work it is imperative that you work toward receiving the highest possible grades and while you're attending your online school you should continue to work so as to have even more job experience when finally going for an interview after you receive your online degree.

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Should You Be A Cosigner On Your Kids College Loans

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If your child is getting ready to head off to college, you are probably wondering if cosigning his loan is a good idea. Although you want to help your child get an education in any way you can, you are wondering if cosigning a student loan can come back to bite you in the future. For example, if your child is not able to start paying back on his student loans, you will be responsible for them. This will be a real burden to you, especially if you are trying to save for retirement. Before you decide to cosign your child's student loan, you really need to think it over carefully.

What Student Loan Options Can I Cosign?

Parents have two options for student loans: a parent plus loan and a private student loan. Parent Plus loans are federal loans that are created to supplement federal aid. Good credit is required to get approved for this loan and the student is not required to sign for it. Before you decide to cosign this loan, make sure your child has taken advantage of all available financial aid, scholarships and federal funding. Private student loans are offered by private lenders. To get approved for a private loan, a minimum income and credit history are required. Even if your child qualifies for a private loan, cosigning the loan could give him a lower interest rate. 

What Are the Benefits of Cosigning a Student Loan?

If financial aid or scholarships do not cover the entire cost of your child's tuition, cosigning a Parent Plus loan or private loan will benefit him. He likely does not have the credit history or enough income to qualify for a loan on his own. In addition to helping your child pay for his education, you will also be helping him establish a credit history. 

What Are the Negatives of Cosigning a Student Loan?

The biggest negative of cosigning for a student loan is that you are financially responsible if your child is not able to pay it off. If the loan is not paid as agreed, you will have collection agencies aggressively calling you until it is paid. This can negatively affect your credit history and might even put you up against a lawsuit. If you have weighed your options and decided that you do not want to cosign your child's student loan, you can inform him how to get a student loan without a cosigner. For example, your child can apply for a Stafford loan. This federal loan is easy to qualify for because you do not need an income or credit history. Government loans, however, do not allow a student to borrow as much as he wants. If your child has a full-time job and some established credit, you can also advise him to apply for a private loan to cover the rest of the costs. A private loan is more difficult to qualify for than a Stafford loan, but it doesn't hurt for him to try. 

Chad is a seasoned writer on topics such as student loans and saving money for college. You can follow him on twitter @studentloanansw.

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The New 1099 Laws Will Take a Bigger Chunk of Your Money - Infographic

The government needs your money more than ever to pay down its debt and fund more programs. The way they will be doing that is by digging deeper into your pocket. Closing tax loop holes is one way but another is finding ways to getting you to pay taxes on all that undeclared cash your making on the side.

Sellers on Etsy, Amazon, and eBay have been getting away with murder for many years. Many people do pay their taxes on those profits but many do not. Uncle Sam is getting those companies to do the dirty work and send out 1099's on that income. This infographic depicts the amount of taxes under paid by this type of activity.

Brought To By Outright.com

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Freshbooks Makes Business Invoicing Simple - Review

If you're in business, what is the most tedious jobs you have to do? When meeting with clients or figuring a bid estimate for some new work you're doing what all business do, scrape up new clients and serve their needs in a timely fashion. That's how a thriving company make money. The problem with the entrepreneur is that's what they do great. What they do poorly is bill. In my business, many contractors can't stand to send invoices or track accounts receivables. They hate it and because of it they bill improperly or not at all. They want to find an easy way to send clients invoices and get paid.

The Answer

Freshbooks is the business mans answer to invoicing. It lets you create—or import—databases of companies, contacts, and products/services. It provides customizable invoice and quote/estimate forms that you can either fill in manually or complete using lists. FreshBooks lets you dispatch these forms by e-mail or U.S. Mail, and you can record payments and expenses. Reports give you a birds-eye view of your finances. 

Collaboration

FreshBooks also builds in a lot of collaboration. For example, clients and contractors can access pertinent subsets of the site, this is unusual. It incorporates time-tracking and support tickets, and it lets you upload documents to a shared area, something competitors don't do. Basically, it does everything that everyone else does, and a lot more. Multiple subscription levels are available, ranging from free (three clients, unlimited invoices) to $39.95/month (unlimited clients and invoices). 

Decisions

With FreshBooks you get a clearinghouse for all of the options that serve as the site's backbone. When you click on the 'Settings' link, a number of tabs appear that open informational screens. Here, you can set up things like taxes ,colors and logos, and invoice templates.

You can edit default e-mail text for new invoices, late payment reminders, and so on. You can also set permissions for staff and clients who will have access to portions of the site. FreshBooks only allows one person to access the system unless you sign up for the priciest level ($39.95/month), and then it's only one additional individual. It's $10/month to add another. That's not cheap, compared to the competition. The next-best scoring service, Zoho Invoice, gives two people access in even the free version, but it doesn't let you set permission levels like you can do in FreshBooks. And FreshBooks lets clients and contractors to view pertinent data.

You'll also have to make decisions about payment gateways. FreshBooks supports several: three flavors of PayPal; several merchant accounts, including Authorize.net and iTransact; and Google Checkout. These options are more generous than competitors. You can also set up several defaults, like levels of client and staff access to Documents. 

Pros

• External collaboration. 
• Support tickets. 
• Project and document management. 
• Many payment gateways. 
• Multiple currencies/languages. 
• Numerous add-ons/integrated sites. 

Cons

• Pricey for multiple staff members. 
• Could make better use of screen space. 
• Skimpy online help. 

Bottom Line You get it all with FreshBooks: client and product/service records, easy invoice creation and dispatching, document-sharing and reports, and the best integration/smartphone support on the Web. 

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Using Online Tools to Help Manage Finances After the Age of 50

Once reaching and passing the age of 50, most have a good understanding of their personal finances. Still, managing finances can take a considerable amount of time, and dealing with retirement is, for most, a foreign concept. Fortunately, the Internet provides a number of tools to help those older than 50 manage their finances more easily and effectively. Here are some great tools to use.

Online Banking Interfaces
Everyone over the age of 50 remembers a time when banking was done on paper. The only way to get important information was to stop by the bank or to wait for monthly statements to come in the mail. Careful checkbook balancing was necessary to manage monthly budgets. Banks, however, now have online resources to provide their customers instant access to their information. By taking advantage of these tools, it is possible to have instant snapshots on how much money is in each account. Further, these online resources allow customers to transfer money between accounts and even to other people. Incorporating these tools into day-to-day financial dealings can save trips to the bank.

Online Bill Pay
Most over the age of 50 send bills by check or pay over the phone. However, a growing number are allowing customers to pay online, which saves both postage and time. In addition, these sites also allow people to set up automatic bill payment schedules. People often travel more after reaching the age of 50, and avoiding the hassles of paying bills while traveling can be a tremendous relief. Some companies are even offering discounts to those who pay their bills online, and for those who are looking to help the environment, online bill pay can help eliminate unnecessary paper usage.

Planning Tools
Planning for retirement spending can be a major hassle; the financial calculations can be difficult, and many have to adjust their lifestyle once retirement comes. However, there are a number of online tools that are far easier to use than financial calculators. These tools present information in a manner that is easy to understand, and many can even offer tips and suggestions to users. While meeting with a financial expert is useful for most, these tools can eliminate the need for some meetings. Financial experts can even give advice about using these tools more effectively.

Connect With Others
Internet forums can be a great resource for those looking for financial advice. Almost everyone who has passed the age of 50 has some experience with managing their finances, and many communicate in online forums to share information and tips with each other. Ranging from retirement advice to saving money on bills and food, these tips can help people spend as little as possible. These small savings add up, and many people use them to enjoy the retirement of their dreams.

At and beyond 50, the demands placed by children often drop, and many can begin to taste independence for the first time in decades. With some careful planning, those who are 50 or older can use online tools to enjoy the lifestyles they want to live.

Author Bio

Sara is an active nanny as well as an active freelance writer. She is a frequent contributor of http://www.nannypro.com/.

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