Car Insurance Coverage : An Important Aspect of Finance Management

One of the important aspects of managing one’s finances is that of protecting assets with insurance coverage against potential loss or damages. The most straightforward example of such an asset is a motor vehicle, whether for personal or business use. In fact, motor vehicle insurance coverage is generally mandatory in the U.S.  states have passed related legislations.

Yet different state governments vary in the type of insurance required from vehicle owners, which may include policies that cover any or combinations of the following:

Bodily Injury Liability – This is generally required by all U.S. jurisdictions to cover medical costs arising from injuries or death as result of an accident caused by the owner of the insured car.

Property Damage Liability – Also generally required by state laws, which pertains to payment of repair costs of an asset or property damaged by accident of the driver of the at fault insured car.

Liability for Uninsured Motorist Bodily Injury Only 20 state governments and Washington D.C., require this kind of insurance. The policy will ensure that if an uninsured driver figures in a car accident caused by an insured car owner, the injured person is adequately provided with funds to pay for medical costs.

Coverage for Uninsured Motorist Property Damage – This coverage is required in Washington D.C. and in seven other states, to cover repair costs that a car owner incurs as results of a vehicular accident in which the driver-at-fault is uninsured.

Collision Coverage – This type of insurance is often optional but required by the financing or leasing institution that facilitated ownership or use of the motor vehicle. The purpose of which is to cover costs of repairs in case the insured vehicle crashed with another or accidentally hits a utility pole, barrier or tree.

A car owner is considered compliant if he has the required car insurance while driving within his home state. However, if in case he has to drive his car through a state that requires additional motor vehicle liability coverage, the car owner may be constrained to ask his insurance provider for an emergency insurance coverage. Otherwise, if he gets checked or figures in an accident, he could be fined for the lack of it.

That is why in most cases, especially for businesses that utilize vehicles for making interstate deliveries, a full coverage motor vehicle insurance is usually the most recommended type of insurance to maintain.

What is a Full Motor Vehicle Insurance

Full coverage auto insurance is deemed as the means you have coverage not just for a car owner’s vehicle but for the vehicle that figured in an accident or collision. This type of policy combines both comprehensive and collision insurance collision coverage.

A full coverage denotes that if after the related investigation of car collision establishes that the driver with full coverage car insurance is at fault, the policy pay out will include coverage for injury liability and property damage of the other vehicle owner.

Naturally, a full coverage auto insurance is more expensive but has been proven by many vehicle owners as the best type of insurance to take out if the vehicle is utilized for extensive purposes and frequent use. Not only does it lessen the complication of having to obtain an emergency insurance policy. It also provides the peace of mind of having adequate protection against liabilities and damages when driving on any road under any kind of weather, location or unexpected situation.

When looking for cheap car insurance quotes for full coverage insurance, the best way to go about it is to know both the National Average Costs of Monthly and Yearly State Minimum Car Insurance and Full Coverage Car Insurance . Mainly because the figures will help you determine which car insurance provider near you is quoting the best car insurance rate for a full coverage.

Warner Music Group Goes Public; What to Know

Warner Music Group (WMG) announced plans of going public by launching its Initial Public Offering (IPO) on June 01, yet share price is still under speculations.

Financial observers are saying that for the past 15 years, the music industry has become a hot item again that a lot of speculations about WMG’s offering has been going on. It helps that the growing interest in music companies is being fueled by the growth of the music streaming business. Apparently, it is going to be a wait and see event, as the notice filed with the U.S. SEC, left key information blank, particularly the number of IPO shares that will be offered and the price per share.

Tracking Developments Related to WMG’s IPO Announcement

The word going around is that the sale from the stock offering will go to current holders of Class A shares, which are the common stock shareholders with voting privileges. How many shares will be sold and for how much, are still being speculated. That is until WMG’s underwriters Credit Suisse, Goldman Sachs and Morgan Stanley come out with a valuation.

 

Here’s the thing, China’s Internet giant, Tencent Holdings Ltd. (TCEHY) is reportedly in active discussions to close an investment deal with WMG to the tune of $200 million. Moreover, the soon-to-be publicly traded company is said to be in discussions with a line up of potential investors. The pre-IPO discussions are expected to contribute over $1 billion in fresh funds, nearly meeting WMG’s goal of raising as much as $1.8 billion from the forthcoming public trade.

Although Warner Music’s IPO launch takes effect on June 01, 2020, official trading of the shares will commence in June 03. Following the developments that transpired before the June 01 launch, there are speculations that the IPO is set to boost Warner Music Group’s value from $11.7 billion to $13.3 billion.

Stock Futures Derivative Could Follow in Anticipation of WMG’s Value per Share

Since key developments have been taking place, they have also spurred heavy speculations on WMG’s share price. Many will also consider diversifying by investing on related stock futures options.

Yet in doing so, it is important to connect with an online broker that can provide the best trading platform. There is fierce competition among brokers for options trading, and although many will be mentioned, the broker with the options trading platform that we highly recommend is IQ Option Ltd. This broker though has operations outside of the U.S., as its headquarters is based in Cyprus; under licensing and regulatory supervision of the Cyprus Securities Exchange Commission.

IQ Option’s experienced clients highly recommend the broker’s ​intuitive trading platform, giving the software a rating 10/10. It is regarded as one of the best around, even for beginners. Newbies can have free access to the practice trading platform at https://ipoption.com/ and practice all they want until they get to learn how to analyze and strategize when trading with derivatives.

Moreover, a practice IQ Option account and demo platform can be converted for real money trading by simply depositing real money even with a minimum of $10.