UK Young Driver Motor Insurance - Build Your Own No Claims Bonus or Insure through Your Parents

For may young drivers, affording the costs of motor insurance is an issue. With first time insurance costs running to several thousands of pounds in some instances, it is no wonder that younger motorits are looking for ways to keep premiums down.

There are many legitimate ways of doing this. Young drivers shoudl look at the type of cover they need, consider the pass plus course and their first car should have as small an engine as possible to keep the cost low.

However many young drivers look to insure in their parents name in an effort to make their first policy affordable.

If the main driver is a young driver, most companies will insist that they be the principle policyholder and will not allow them to be named on anothers policy. Deliberately insuring a car and misleading your insurer about your circumstances has serious consequences. In this particular scenario it is referred to as fronting.

If a claim should arise from a policy and the insurer discovers that you were fronting, then it can have serious repurcussions. Firstly they could refuser to pay a claim and they could go as far as to void your policy which could mean that the police deem you to have not been properly insured and the courts could then issue an IN10 conviction.

If a young driver is merely a part time user of a car then it may be legitimate to insure in this way. However the reality is that it might not save you the money you think it will.

The building of a No Claims Discount is one of the best ways of helping to reduce your Motor Insurance premium. This works through loyalty and history built up between yourself and your Motor Insurance Company.

If you have not claimed the company will calculate your premium and apply a discount to it, rewarding you for your safe driving. This figure, depending on the Motor Insurance company can range from anywhere between 30% and 60%.

These days many companies allow you to protect your No Claims Bonus by paying a small amount up front on your premium. This could be highly worthwhile when you consider how much your policy may end up going up in price next year given an accident this year.

It is very important that young drivers build their No Claims Bonus. If you insure the car in a parents name, whilst there may be a cost advantage in Year 1, it may transpire that in years to come this becomes a false economy.

The No Claims Bonus is a bonus weighed against the main driver. If a parent insures a car with a young driver on the policy then at renewal, the 30-40% disount you were expecting might be far less.

It is highly recommended that the main user of any vehicle be the main insured name. It can work out financially better and you can avoid the risk of invalid insurance.

The best course of action is to speak to specialists who deal with Young Driver Motor Insurance. Of course, the best money saving tip of all is to shop around! No one insurance company can give competitive premiums for every driver so check as many quotes as you can.

Pink Sheets Discover Disclosure

Once upon a clip in the human race of finance there were three lands the most widely recognized was also the most clannish and wealthiest its topics were flush and known worldwide. Its male monarch was New House Of York Stock Exchange (New York Stock exchange) the male monarch ruled proudly over his subjects.

Every brokerage firm had a stock heart to supply their client with trade information on New York Stock Exchange listed stocks.

The second land was not so well off, it had less topics and the dwellers were much poorer than those ruled by NYSE, the male monarch was named American Stock Exchange (American Stock Exchange). They could be classified as low center class.

Now the 3rd land was the largest of all, it’s topics range from center social social class to very poor, this land was ruled by OTC (Over The Counter Market). Some of the topics of OTC were always looking to migrate to New York Stock Exchange or American Stock Exchange to get away the stigma attached to being a occupant of OTC.

Some of the stock that at 1 clip traded in the Pink Sheets are well known today such as as erectile dysfunctions and many new IPO, as well as bank and insurance companies, but you also had pillory trading for a fraction of a penny.

If you wanted a terms on a OTC stock you would name your broker who looked in the pinkish sheets to see who the market shapers were, he would get on the phone to a market shaper and inquire the individual answering the phone for a quote, the individual answering the phone then gets the terms from a chalkboard in the presence of the room and give it to the broker making the inquiry, this would take some time.

Market shapers had a quote male child in the presence of the trading room changing the chalkboard every clip a bargainer yelled a different price, this markets were good for 100 shares,

In those years it was possible to purchase from one market shaper at a terms and bend around and sell to another market shaper at higher terms because the one market shaper had no thought what the market was unless he made a phone call. So you always establish disparities in the terms of a stock.

Along came a knight in shining armour named NASDAQ the NASD Automatic Citation System, which allow brokers to see the terms by computer, it gave the mean value market (average market) not the best price, but it was a giant measure forward.

These NASDAQ machine did not supply unrecorded quotes you had to maintain on pressing the come in cardinal in order to see the updated quote.

And eventually all the better pillory were gradually included on the NASDAQ systems leaving the more than indeterminate and unprofitable companies to merchandise on the pinkish sheet. And again the NASD decided to drop the pinkish sheets even additional into the land of obscureness by creating the OTC Bulletin Board.

The OTC Bulletin Board started out not requiring much information from the issuer but gradually started requesting more than information and now they must have got got got audited financial and must be reporting.

All this left the pinkish as the lone market in entire revelation darkness being the lone 1s not requiring the issuer to let on its financial reports.

But on February 15, 2005 a small daytime came into the pinks, on this twenty-four hours a new policy was implemented, this policy necessitates issuers of newly traded securities to let on adequate current information to the investment public.

This is only required of those companies which have securities quoted on an unsought footing on the pinkish sheets, and have never been listed on an exchange or quoted on the OTCBB.

If an issuer is quoted on an unsought basis, this agency that the NASD have not cleared a market shaper to come in a quote in the security pursuant to second Rule 15c2-11. Instead, a broker is relying on an freedom to the regulation in order to expose a citation representing an unsought client order. This exclusion have been used to merchandise securities of new issuers without any revelation to the investment public. To turn to this situation, in October 2004, Pink Sheets revised their policy for brokers entering unsought quotes in a new security that have never been listed on an exchange or quoted on the OTCBB. They now necessitate that anterior to publication of an unsought quote in the Pink Sheets for such as securities; the broker must ascertain that the issuer have made adequate current information publicly available on the pinkish sheets website. The revelation policy have been a good attempt at creating transparency of the basic information that investors trading in public markets deserve.

Pink Sheets is now extending this demand to companies that were previously quoted on an unsought basis. If the companies did not make the required revelation by February 15, 2005, they removed their displayed citation from the website.

This new policy is a large measure forward for the Pink Sheets and they should be applauded for it, but I Personally would wish to see all companies being required to do complete disclosure.

If a company is not able for whatever ground to let on their finances and corporate updates to the investment populace then they should not be allow to merchandise on any populace market.

These companies operating in entire darkness are the vehicles being used by stock operators to cozenage the investment public, even though the Pink Sheets have got got got got taken this giant measure they must take all non-disclosing companies from the populace market place.

I am not certain the pinkish Sheets have the authorization to do so but second does, and the second is the agency responsible for protecting the investment public.

Lets compliment the Pink sheet for this change in policy and hope that they will go on to upgrade their standards, as a direct consequence of this policy we at Genesis Corporate Advisors are changing our policy of not bringing any company populace to the Pink sheets.

Effective immediately we will get considering campaigner for the Pink sheets but our penchant will go on to be The OTC Bulletin Board because we desire as much transparency as possible.

In order to have feasible healthy market you must have willing investors with access to current and accurate information.

For further information visit: www.genesiscorporateadvisors.com

Email inquiries to: josephquinones@genesiscorporateadvisors.com

Cheap Term Life Insurance is Available Everywhere

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Cheap term life insurance on the internet can be found by seeking out an independent insurance advisor for advice and price quotes or you can do it yourself. There are life insurance companies that will give you a term life insurance policy that exactly matches your needs and an independent advisor can steer you to the right company.

Cheap Term Life Insurance Is the Best Life Insurance Available

Cheap term life insurance lies in specialization. Some life companies cater to elderly customers, others have better policies for smokers or people with a history of heart disease. Sound daunting? Yes, it is. But if you engage an independent insurance advisor online, you can then make an informed choice.

It is also important when trying to get the best life insurance rate that you consider other factors apart from price. Why? These factors may help save you money in the long run even though the company may not have the cheapest term life premium. For example, is the company financially strong? Does it have the best renewal rate? Is the company insisting on a medical exam? Cheap term life insurance is available but it also has to have other features.

Whatever method you use to find the best deal for you, remember you can compare both prices and companies.