Breakdown Insurance or Roadside Assistance

Insurance today comes in all sorts of types. One question that might come up is whether breakdown insurance and roadside assistance are the same thing. While there are resemblances between the two, they are not the same type of insurance.

Roadside Assistance

Roadside assistance helps with all those miserable little things that can go wrong. There is a well-known adage that runs, “Anything that can go wrong will go wrong.” With automobiles and people, there are so many things that can go wrong. They range from the simple things like locking yourself out of the vehicle to the new tire that goes flat within the first ten miles of purchasing it. They can include running out of gas, losing a spark plug, overheating or a rundown battery. These simple things don’t necessarily even require mechanical skills, they just require someone reliable to come along and fix them. Roadside assistance insurance provides the “someone reliable” to bring a can of gas, to transport a replacement tire, to contact a locksmith or other simple sorts of assistance.

Roadside assistance doesn’t always cover the cost of parts but it does often cover up to one hour of labor to take care of simple fixes such as jumpstarting a battery or changing a tire. It can also include towing to the nearest available auto repair shop when the problem doesn’t yield to simple repairs. It can mean the difference between being back on the road in hours at minimal cost or being held up for as long as a day while a remedy is found.

Breakdown Insurance

Breakdown insurance might help when you have major mechanical troubles in the middle of nowhere. Given Murphy’s Law, if your motor is due to throw a rod, it’s likely to do it on the loneliest stretch of road available at the farthest distance from help. In many cases, there’s coverage for towing but breakdown insurance won’t cover jumpstarts, unlocking your vehicle, changing tires or similar small events.

However, breakdown insurance doesn’t necessarily apply only to the “breakdown” that occurs out in the middle of nowhere. It can also apply to that funny pinging noise that turns out to be a loose piston or the strange reluctance that your vehicle has developed when shifting from first to second gear. Breakdown insurance can apply to major repairs such as a motor rebuild or transmission replacement.

Insurance vs. Warranty

Breakdown insurance is similar to an extended warranty in what it covers, but it’s often far less expensive. More than that, insurance is typically paid out over several months whereas an extended warranty must be paid all at once upfront unless it’s rolled into your monthly vehicle payments.

An Analogy

If you need an analogy for the difference between roadside assistance and breakdown insurance, look at it as if an auto mechanic were a doctor for your vehicle. Roadside assistance is sort of like the first responder who can come along and check you over, then recommend a band-aid, aspirin and a cup of tea or declare that it is time to get out the gurney (tow truck) and send you off to the hospital (auto mechanic). Breakdown insurance is more like major hospital coverage. It’s set up to help take the sting out of the big bills and to help you keep your favorite vehicle on the road for a few more miles.

Needs, Age of Auto, and Your Driving Patterns

Mechanical breakdown insurance or roadside assistance isn’t necessary for everyone, and not every vehicle will qualify for mechanical breakdown insurance. Knowing your needs, your dependency on your vehicle and how far you are likely to be from help on a regular basis can drive your insurance purchases.

Small Business Loans-the Way to Fund Your Dream Venture!

In the existing fast paced competitive scenario, where a new business or organization is surfacing up almost every day, getting a perfect key to unlock the aspirations and growth you have always wished for your business is truly challenging and pain staking when it comes to the finances needed for setting up and running the same in real.

A business loan is which comes to your rescue then, enabling you means to plan your finances properly and in a more planned manner. This can be a pertinent druthers for you to outset, extend and surmount with your business plans easily and quickly. Small business loans sometimes little challenging to get, makes one feel getting the funds like trying to fit a camel in the eye of a needle! Acquiring the right preparation and just the right documentation can make the task become easy, quick and hassle-free.

Among the array of options one can avail while applying for no credit check payday loans, choose the one as per your need and get easy funds at your disposal to expand, grow or even start the business of your dreams. Each loan procedure encompassing eligibility requirement and unique application, there are some documents needed which are inevitable necessities for you to get the funds as per the applied amounts.

The key to getting a small business loan being preparation and the right documents, that persuade the lender, to give you the loan. The documents one needs include:

A statement of your financial status which includes a list of your personal assets and debts.

Past business tax returns, for those who have a business running already.

A credit rating report which depicts your past history about loan repayment and makes the lender contended while lending the loan for your business.

On the other hand the documents you need while applying for a small business bank loan include;

A loan agreement,

A promissory note,

Some kind of personal guarantee.

So, why wait more forget and erase all hassles about finances and stop making your business suffer more, get easy funds at your disposal with small business loans, giving you the freedom and aid to start, grow and succeed with your business plans and ventures.

With small business loans getting the operating capital for business start up or to finance an expansion in an already running business was never so easy and hassle-free, avail one today to see your expectations turn to real!

How to Acquire a Small Business Loan

You have your plan in place and are ready to begin your dream of owning your own small business. Many people in this position immediately seek out their bank for a loan; however there are many other resources available to you as prospective potential investors or lenders. One thing that will remain consistent will be the information that is required of you within your proposal. This is your first step to successfully acquiring a small business loan. What your proposal should consist of is a short history of how your business came into fruition. This also should detail the precise way in which you intend to go about operating this business, what product or service you have the intentions of selling, as well as who your possible competitors are.

It is also very important that you clearly communicate who your potential, generalized customer base will be. Will it be working mothers, single fathers, teenagers, etc? You will then need to submit proof of finances of both you and any other individuals that are considered part owners of at least 20% of the company. If you have any established equity in your business already, you will need to submit a pro-forma balance sheet that details any and all debts against your business. Once the business outline and financial statements are all in alignment, you will need to establish a proposal regarding how you plan to go about repaying the loan. Demonstrate where the finances will be coming from and include specific outlines or timelines indicating how this is possible along with the appropriate cash flow and budget schedules.

Now create a realistic picture of what you intend your positive projected cash flow to consist of within the first year of your business including all foreseeable expenses along with explanations as to how you arrived at these numbers. Suggest any possible collateral that would benefit your cassue. This could be an asset such as any property you own. What lenders will be looking to confirm is that you are proposing a solid, well thought out, researched legitimate business plan that is offering a product or service that is in relative demand. They will also look to be convinced that the staff and management as well as the owners are competent, knowledgeable individuals that are capable of successfully establishing and running your business with the end goal of repaying the money that was borrowed.