Car Insurance Requirements For California Drivers

If you are a new car owner in the state of California, or if you just moved to the state, you need to be aware of the car insurance requirements. Auto insurance requirements are different from state to state, and California has some unique demands here. California only requires that you have insurance to protect the medical treatment and property of someone else that you may have an accident with. We want to take a brief look at what levels of insurance are required for your vehicle so you can be legally insured.

By law in California a legal driver must have bodily injury coverage of at least fifteen thousand dollars per person that is inured, and at least thirty thousand dollars for all the people injured in an accident. This coverage is commonly referred to as fifteen thirty BI. This may seem like a lot of money to cover injuries, but once you think about the rising costs of medical treatment these days you may want to increase it to fifty thousand and one hundred thousand for bodily injury.

A legal driver in California must also have a minimum coverage of at least five thousand dollars of property damage. This will give you coverage to the other person car if you damage it. You really should consider upping this coverage to thirty or even fifty thousand dollars once you consider the prices of cars these days.

Aside from these two required coverages, your auto loan may require than you also carry collision and comprehensive coverage for your own vehicles. The collision coverage will make sure the costs of repairing or replacing your vehicle are covered in case your car it damaged. The ultimate cost will depend on the type of car you own and its age. Your auto lender may also demand that you purchase comprehensive coverage which covers you for things such as weather damage or damage is should run into an animal. Basically it covers any type of damage that is not incurred due to a collision with another vehicle. Comp is usually not very much and it gives you coverage for theft as well, including any personal property inside the vehicle. The cost for both of these coverages will also depend on the amount of the deductible that you choose.

Some other coverages you will want to consider are uninsured motorist coverage and under insured motorist coverage. With the weak economy and job market today many people are choosing to drive illegally without auto insurance. With the uninsured motorist coverage you will be covered for both bodily injury and property damage if you have an accident with another person who is not insured. Even though they may be at fault and owe you to cover medical and car repair bills, they will not be able to pay you if they are not insured. The uninsured motorist coverage protects you in these cases.

The under insured motorist coverage works much in the same way. If you have an accident with someone and they do not have enough insurance coverage to pay for your medical bills or repair bills then this coverage will kick in and pay. Again, considering how many people are trying to cut household expenses this type of insurance makes sense if you can afford it. The amount of your under insured coverage must match the amount you have for the uninsured coverage.

Errors & Omissions Insurance Won’t Protect Your Financial Career

Financial Advisors and Financial Service Professionals are mandated to carry Errors & Omissions Insurance, but unfortunately this will not protect your career or credibility should something go wrong. A highly capable and qualified financial advisor I know was recently investigated due to the fraudulent actions of one of her clients. Even though it was later discovered that she was in no way connected to her client’s crime, the process for proving her innocense cost her the career she spent years building. Her licenses were suspended for nearly four months while an investigation was conducted by the SEC, NASD and her broker/dealer. During this investigation, she was not permitted to contact her clients. Yet, those conducting the investigation did contact every single one of her clients, asking some very detailed information. Immediately, more than 75% of her clients jumped ship. Her Errors & Omissions Insurance could not protect her, but there is a solution.

I recently met a financial advisor and sales manager for a Fortune 100 company who described an amazing service — Pre-Paid Legal Services, Inc. (USA) and Pre-Paid Legal Care of Canada Corporation (Canada), something I had heard of before but was rather skeptical of. He mentioned how he recommends that every single advisor and agent in his company MUST carry PPL’s services as a means to properly protect their business and career. During a recent investigation in his office, this sales manager had an agent who was notified that a complaint had been filed. Fortunately, the agent did keep very good records and files. But, because he also had a PPL membership he was able to have one of the best law firms in the state at his disposal to review and advise him of his legal rights. It was quickly discovered that the agent had followed proper procedures but that his client had declined a disability insurance policy only later to have filed a complaint that no such offer was given after the client injured himself on the job. PPL’s law firm quickly stepped in and wrote a letter to all parties concerned. It was estimated that the low-cost legal insurance monthly fee of $26 this advisor paid saved him $1,000 in retainer fees plus $600 for the letter drafted and mailed to all parties, as well as possibly saving him his career and credibility from further investigation and suspension.

I told this story to a Vice President from a leading Canadian national financial advising and insurance provider. The entire company is considering this service for all their advisors. It seems to be a service worth checking out.

Digital Marketing aiding Industries to Achieve High ROI

In other terms, digital marketing helps build relationships, channel marketing related campaigns, target customers and online branding. It also measures how effective your campaign was and therefore let the industries be more goal oriented and reach for more profits.

Top Industries using Digital Marketing:-

1. Law

It might seem surprising but it is true that the law industry is carrying out marketing campaigns successfully using the digital platform. According to a survey, 1 out of 4 law offices has a well-formulated content marketing system. They are emerging powerfully in blogging. Communication is an integral part and they clarify the law functions. They post different blog entries on legal matters and topics on popular sites.

2. Marketing

Everything an industry does through web networking media to build a relationship with clients is a type of digital marketing. Through digital framework, marketing industry will be more capable of utilizing the digital network for focusing on their target customers. More than 95% of marketers use this to market their products and services. They trust online networking. They have mixed it as a part of the industry with other methods of marketing.

3. Retail

The retail industry is close to the highest point of top industries using digital marketing. Huge retail industries like Aditya Birla, Fabindia, and Reliance are the most effective in this industry.

These companies have the capacity to get input on new items and settle the complaints of the customer. Retailing in India is the main site for data, analysis and examining.

4. Entertainment

A wide range of data and related information like teasers, trailers, and photos behind the scenes are shared. Digital channels are the places where marketers put the thoughts in heir follower’s heads. They prove to be a platform where personal data is easily available, mixed with analytics to advertising an entertainment product for a specific audience.

Cinemaholic gives the best entertainment industry blogs.

5. Health

We look online portals for health related valuable information. According to a survey, 77% of the internet users check solutions online for their health related problems. Specialists, despite for their knowledge are not approached for information when needed. The approach for digital marketing is quite needed in this sector.