Monday, November 6, 2017

How to Determine the Best Car for Your Teen Driver?

It used to be when a teen got his or her driver's license, the family just handed over the keys to the oldest car in the driveway or the least expensive car on the lot. But experts call that outdated thinking.

That's because parents want to know that their teenage drivers are safe on their new vehicles. And in today’s automotive market, safety means a few things — modern features, limited horsepower, and a bigger, bulkier frame.

“Whether buying new or used, parents always have safety at the top of mind when they are looking for a vehicle for their teen,” says Russ Rader, senior vice president of communications for the Insurance Institute for Highway Safety.

According to the IIHS, teens are the riskiest drivers on the road, and so they need the most advantages to avoid crashes and to protect them when collisions happen.

Maureen Vogel, a spokesperson for the National Safety Council, says some of the things teens struggle with are the things that experienced drivers learn only after years of driving.

“Teen drivers are brand new and don’t always make the best turns or know when to merge. They don’t always drive the appropriate speed for the conditions. These are things that we learn, but they haven’t had the experience yet to learn those lessons,” she says.  

While the misconception is that teens are cranking their stereo and texting their friends, the reality is that teenage driving is dangerous even in the least distracted environments.


“People think that teens are more distracted, but in reality, it is inexperience that makes driving more dangerous for teens,” Vogel says.

And because there is no cure for inexperience other than practice, it is imperative for parents to give every advantage they can to their young drivers.

“Teen drivers need every level of extra protection we can give them,” Vogel says. 

Safety features for teen drivers

While autonomous cars aren’t yet a commercial reality, modern vehicles have built with them a host of safety features designed to avoid crashes in the first place. Many of those features have just come on the market in the last few years and are not yet universally appreciated.

“We have found that parents often have outdated ideas about what makes a safe vehicle,” Rader says. “For example, a survey we did a few years ago found that most parents have no clue about electronic stability control — which is one of the most important safety features in a vehicle, and especially with teens. It helps with some of the common situations they get into like going too fast around curves or overcorrecting on the highway.”

The IIHS recommends that all vehicles teens drive should be equipped with electronic stability control. According to crash data, the feature cuts single-vehicle crash risk nearly in half.
Electronic Stability Control has been required on all new vehicles since the 2012 model year, but it was available as an optional add-on before that, meaning that no matter what vehicle parents are looking at, ESC is a must-have option. 
The great thing about integrated safety features like electronic stability control is that they can compensate for the mistakes humans make behind the wheel, which benefits teens the most, Vogel says.
“The technology that is in our vehicles today holds a lot of potentials to eliminate car crashes moving forward,” Vogel says. “Most crashes are human error — they are because of something we do, not a blown tire or something. If you can put systems that compensate for those human failings, we have the potential to be a lot safer.”
Another incredibly helpful feature beyond electronic stability control is automatic emergency breaking — where you are approaching the vehicle in front of you, you don’t realize you need to brake, and it takes over.
Other ones Vogel recommends are automatic headlights and automatic high-beam assists, as well as lane departure warnings and blind spot protection.
“These are things that all drivers can benefit from, but especially teens. During their first 12 months of licensure, they are so vulnerable,” Vogel says. 

What to avoid when choosing a car for your teen

According to the IIHS, teens may be tempted to test the limits of a powerful engine, and so parents would be wise to not opt for the high-horsepower models.

But that gets to another factor in teen driving — setting ground rules as a parent.
The National Safety Council has a parent-teen driving agreement, which is a contract for getting the keys and can be found at Driveithome.org.

The contract covers things like when the car can be used, rules regarding passengers, distractions, night driving, seat belts, speeding, and impaired and drowsy driving.  

One of those factors — peer passengers — is especially important, because when teen drivers have passengers in the car who are not adults, the odds of getting a fatal crash increase by 44 percent, Vogel said.

“Teens don’t handle distractions around them very well. Passengers can add the peer pressure, as well. We definitely want to see teens riding with adults or by themselves for those first 12 months,” Vogel says.  
Parents should also be aware of how they are driving at all times.
“Parents literally hold the key to safer drivers. If you want to have a safer teen driver, you should drive the way you want them to drive,” Vogel says.
“Don’t use your phone. Don’t eat or drink. Don’t drive when you are upset or too tired. Model the kind of behavior you want your teens to model.”
Vogel adds that from the time your child’s car seat is facing forward, they are watching what we do.
“Parental involvement can be the difference between life and death for a teen driver.” 

Does the size of a car matter?

According to a study by the Highway Loss Data Institute, small cars and minicars are a double-whammy. Not only are teens more likely to crash them, HLDI says they also don't offer much protection when a crash occurs because of their minimal weight and small crush zone.
“Bigger vehicles are just safer,” Rader says.
According to the HDLI, it's not entirely clear why small cars and minicars have high crash rates, but their greater maneuverability may encourage young drivers to make sudden moves. In addition, cars with shorter wheelbases are less stable and therefore less forgiving when drivers make mistakes.
So, the IIHS recommendations say that bigger, heavier vehicles are safer. They protect better in a crash. 

Crash test ratings and teen drivers

According to the IIHS, the principle parents should keep in mind is that they want to seek out a vehicle with the highest crash test ratings they can afford. To help with that effort, the IIHS has compiled a list of best choices for teens starting under $20,000. They also have a list of good choices for teens starting under $10,000. The entire list can be found here


And while safety is obviously the first priority for parents, the cost is an inevitable challenge. According to Charles Cyrill, director of media and public relations for the  National Automotive Dealers Association, there are some options parents should consider that can balance cost against safety and reliability.

For example, he suggests shopping for recently off-lease vehicles and certified pre-owned vehicles.
Certified pre-owned is where the manufacturer puts the vehicle through a rigorous inspection process and then puts its stamp of approval on it. The vehicle is then covered by the original factory warranty and possibly an extended warranty.

Shopping for certified pre-owned or recently off-lease vehicles allows parents to buy models and features that would be out of reach if the vehicle was new.

Finally, IIHS recommends that before purchasing a used vehicle, it's critical to check for outstanding recalls. You can enter the Vehicle Identification Number here for recall information. They recommend that you also notify the manufacturer once you purchase the vehicle, so the company can make sure you receive future recall notices.

“If you are buying a vehicle, and you can afford to get a new vehicle with the latest safety features, absolutely do that," Rader says. "But if you are looking for a used vehicle, and budget is a significant constraint, parents should buy the most safety they can afford."

Monday, January 18, 2016

How To Choose A Life Insurance Plan In Nigeria



Life Insurance is all about protecting your future and that of your family/dependants. Life Insurance nowadays is more fashionable because there are many products that involve benefits being payable even before death. There are products for family, kid’s education, capital accumulation, thrift savings plan and so on.


No matter the type of cover you choose, factors ranging from your needs to your age and much more will determine your premium. This post is coming with a purpose of enlightening you on how to purchase a cover that will be of benefit to you.

How To Choose A Life Insurance Plan

1. DETERMINE YOUR NEED
Before you fill the proposal form or issue your cheque, the first thing to do it to determine exactly what your need is. How to do this is to look within. Answer basic questions like:
Are you single or married?
Do you have kids and how many?
What are your running expenses?
Can you afford to keep paying the premium?
It is essential to answer these questions because life insurance involves premium payment which is periodical. You are to estimate your living expenses and add the insurance premium and see how it goes. It is important because once you start should be able to sustain your payment without which you will not be able to reap your full benefit. Also answering these questions will go a long way to help in this next step below.

2. MAKE YOUR CHOICE
There are different life insurance covers available you can choose from. Here are the basic plans: Term assurance, whole life assurance and endowment plan.
  • Term Assurance: provides cover for a specific period and will only pay out if the life assured dies during the period. It is the most basic of all life assurance policies. However, if the assured survives, no payment is made and the policy expires. There are different types of term assurance:
  1. Level Term Assurance
  2. Renewable Term Assurance
  3. Convertible Term Assurance
  4. Increasing Term Assurance
  5. Decreasing Term Assurance
  6. Family Income Policy
  7. Increasing Family Income Policy
  8. Unit-Linked Term Assurance

  • Whole Life Assurance: is a very simple policy which pays out whenever the life assured dies. This is different from Term Assurance because it is a permanent policy, hence it does not expire. It is more expensive. Whole life is a substantive policy and can be used as security for loans. There are different types of Whole Life Cover:
  1. Non-profit Whole Life Policy
  2. With-profit Whole Life Policy
  3. Low-Cost Whole Life Policy
  4. Single Premium Unit-Linked Whole Life Policy
  5. Regular Premium Unit-Linked Whole Life Policy

  • Endowment Plan: Allows the sum assured to be payable on a fixed date – the maturity date – or on the life of assured’s earlier death. What this mean is that if the assured did not die, the payout will go to him but if he does, it goes to his beneficiaries. Endowment policies are substantive policies because there will be payout at a point in the future and can be used as a security for loans. The following are the types of endowment policies:
  1. Non-profit endowments
  2. With-profit endowments
  3. Low-cost endowments
  4. Low-start endowments
  5. Flexidowments
  6. Unit-Linked Endowments
  7. Pure Endowments
  8. Guaranteed Bonds

How To Make A Third Party Car Insurance Claim


car insurance 



Do you know that your Third Party Car Insurance Certificate in Nigeria has a N1,000,000 property damage cover on it? Do you also know that the life cover on it is unlimited? If you don’t know, now you know. Your Third Party Car Insurance Certificate is more than ‘Police-let-me-pass’ as it is commonly called in Nigeria, it is a valid piece of paper!
The issue of whether Insurance Companies pay claim is no more an issue presently because the Insurance Industry has been revamped. Please feel free to read Why Insurance Companies Don’t Pay Claims. Now how do you make a Third Party Claim?

How To Make A Third Party Car Insurance Claim

A Third Party Only Car Insurance covers your legal liability (as a holder or insured) to third parties in respect of any damage to their properties (minimum of N1m) and for any injury or death(unlimited) to them from the use your motor vehicle. It also covers your legal fees for the defense of a claim in court.
To make a Third Party Claim follow the steps below carefully.

1. NOTIFICATION

Once an accident, loss or damage occurs and it was decided that you are at fault by the officer or people on the spot, contact your insurer immediately. Note that you are not supposed to admit liability on behalf of the insurer; it is the duty of the third party to prove liability or be determined in the court. Call your insurer on phone and for a documentary, purpose writes a letter of notification or email to your insurer. The letter should give a very brief description of the incident stating the date and time of the loss. Since this is a third party claim thus any impending prosecution, inquest or fatal inquiry in respect of the occurrence should be communicated to the insurer with your letter or in subsequent letters. Also, any claim letter from the third party, writ summons and the process should be forwarded to the insurer immediately.


2. ACKNOWLEDGMENT 

After your notification has been received, the insurer writes to sympathize with and assures you of handling the claim or to reject the claim if you are not covered. If the claim is not repudiated, the insurer’s letter will be accompanied by a claim form for you to fill. The claim form asks detailed questions relating to the claim. The form helps to get a clear description of the claim. Ensure you complete it accurately without misrepresenting anything. The information you put down on the claim form should be the same as those in the Police Report. The insurer will request for some claim substantiating documents which include:
For Property Damage Claim
  • Estimate of repairs
  • Photographs of the accidental vehicles
  • Third Party claim letter
  • Driver’s statement of loss
  • Police report
  • Driver’s license of the driver in charge of the vehicle prior to the accident

For Death or injury claim
  • Writ summons or court order
  • Police Report
  • Third Party claim letter
  • Photographs of the accident
  • Hospital bill
  • Death certificate
  • Corona’s report
  • Driver’s statement of loss
  • Driver’s license of the driver in charge of the vehicle prior to the accident
After you have gotten the documents, attach them to the Completed Claim Form and forward to the insurer (originals should be forwarded to avoid unnecessary delay).

How To Protect Your Assets With Insurance

Protecting your asset with insurance

Assets are your possessions that make life easy for you; they are parts of your life. Assets can range from material to non-material. I want to adopt another view as to what constitute an asset.
My view is that assets do not necessarily mean things with financial values alone like cars, houses, business premises, machines etc. I believe what constitute an asset depends on an individual. This means things that assist such a person in earning a living e.g. a footballer’s asset could be his leg while a singer’s greatest asset could be his or her voice. As a bread winner your asset could be your lucrative job, your business, your house, your taxi etc. It will interest you to know that all these assets can and have been insured.
We are going to observe some risks that assets are exposed to and how one can protect his or her assets from them. As an individual or business it is important to protect your asset and that with appropriate insurance policies.
We are going to consider:
  • Protecting your Asset as an individual
  • Protecting your assets as a business or corporate body
1. FIRE, FLOODING, LANDSLIDE, HURRICANE AND OTHER NATURAL DISASTERS
These risks usually have devastating effects on assets. Fire can cause a lot of damage on buildings, cars and other physical assets so also can the other perils. Every person or business faces all the above listed risks. An insurance policy will not prevent them from occurring but it will be there for you when it does happen so that you will not end up losing everything you own to them. If your house gets burnt without an insurance policy you have lost all!
INSURANCE PROTECTION: These risks can be covered under Fire and Special Perils Insurance Policy. I am going to spare you the technical jargons. This policy covers loss or damage of properties against fire, lightning, explosion of boilers or gas, storm, flood, burst pipes and overflowing of water tanks, impact of vehicles, malicious damage, earthquake damage, aircraft damage, bush fire, tornado and cyclone as well as riot and strike. This insurance coverage is very cheap when you have to consider the premium payable vis-à-vis the value of the property. For example, if your house costs N10m and insuring it, you were charged a rate of 0.225%. This will make the annual premium you are going to pay to be N22,500. With that little amount you are covered under a fire and special perils for a year until renewal.
ALSO READ: How to choose a life insurance plan

2. THEFT, BURGLARY AND HOUSEBREAKING
Every home or business is faced with the challenge of being robbed. Depending on the area of residence houses get burgled and robbed occasionally. Armed robbers, thieves, vandals etc are threats to houses or apartments.
INSURANCE PROTECTION: What you can do to protect your priced assets like your home and properties is Burglary and Housebreaking Insurance. This policy covers your property against loss or damage by theft. It should be noted that the policy covers not only the stolen goods but also the damage inflicted on doors or safe by the burglar in an attempt to gain entrance to the property. It should be noted here that the insurance definition of Theft is different from its legal definition. In Insurance, theft must involve violence and application of force i.e. entry into or exit from a premises by forcible and violent means. This definition excludes stealing by tricks or any means other than the use of some form of force. However, your private residence burglary policy can cover such theft that does not include force (this is called larceny), which is covered at an additional premium. Burglary insurance too is not expensive. For example if all the content in your house or apartment is valued at N5m then depending on the area you reside the insurer might charge you 0.5% rate which makes your premium be N25,000. Kindly note that the rate is applied only to content of the building because it is not possible for a building to be stolen!


Read more here

Wednesday, January 6, 2016

Top 10 most expensive super car world in 2015 -2016

The expensive car with dramatic design, luxurious interior and powerful engine is the dream of world giants, and many people who enjoy speed.

Let's take a look at the Top 10 most expensive super car world in 2015.

10. Zenvo ST1 10. ($ 1.2 million - more than 24 billion)
Been pieced pen by designer Christian Brandt two and Jesper Hermann, Zenvo ST1 Zenvo Automotive's (brand supercar manufacturer from Denmark) immediately attracts the viewer right from the first glance. Vehicles with three layers of brown paint and use exterior materials of the highest levels today.


On substance, the entire body is made of carbon fiber, while the chassis is made of steel and aluminum compounds. Whereby Zenvo ST1 dry weight is only 1.688kg.

Zenvo ST1's performance is due to block 6.8L V8, supercharged and turbocharged load, the capacity to produce 1,104 horsepower and maximum torque of up to 1.430Nm. Zenvo ST1 Such ratio power / weight is 654 / ton. Zenvo ST1 Strength helps accelerate from 0 - 100km / h in 3 seconds.

9. Ferrari LaFerrari ($ 1.4 million - more than 28 billion)
Ferrari LaFerrari equipped hybrid propulsion systems with total capacity of 963 horsepower, 900 Nm of torque, including 6.3-liter V12 engine on this car has a maximum capacity of 800 horsepower. Strength 1,000 horsepower LaFerrari can accelerate from 0-100 km / h in less than 3 seconds, this car also takes 15.5 seconds to accelerate from 0-300 km / h, and the speed Maximum reach 350 km / h.



Ferrari supercars of length 4702 mm, width 1992 mm, height 1116 mm, wheelbase of 2,650 mm and the car's dry weight is 1,255 kg.

Only 499 units right LaFerrari sold worldwide and have their entire home.

8. Pagani HUAYRA ($ 1.4 million - more than 28 billion)
Pagani took 5 years to sketch a portrait of supercars worth $ 1.4 million, inspired by wind, water and the art of Da Vinci Leornado.

Seamless monocoque chassis of the car is made of carbon fiber and titanium alloys, ensure the car maintain a solid structure in all situations.


V12 engine block of the car was "plot" by the leading engineers of AMG. Block this engine capable of producing 720 horsepower and maximum torque of 1003 Nm, 7-speed gearbox, the acceleration 0-100 km / h in under 3 seconds.

Pagani HUAYRA be produced with quantities of 100 pieces. Therefore, this is also one of the rare supercar in the world. Even so, many owners still do not hesitate to change the original design of the car, by personalization preferences.

7. Aston Martin One-77 (1.4 million - more than 28 billion)
Aston Martin One-77 is the convergence of all of the most prestigious British sports car maker to perfection both in design and technology.

The name comes from the One-77 limited production numbers, only 77 units worldwide. Aston Martin One-77 is designed perfectly from the outside and you almost can not find a good point to excessive or complain on this model. This expensive supercar-style design with 3D depth with accents in every angle. The front end features a curved around the headlight contours and delicate veins running from the bonnet. Air cavity behind the front wheels.

Aston Martin One-77 can boast with naturally aspirated engine 7.3l V12 Cosworth sequential pattern. This type of engine the most powerful naturally aspirated on the market today. One-77 reaches a maximum speed of 355km / h and takes 3.7 seconds to accelerate from 0-100km / h.

With the meager amount of production, Aston Martin One-77 is one of the rare modern supercar in the world. Very occasionally they have a chance encounter One-77 on the road, so different from the supercar Ferrari or Lamborghini brand ...

6. Koenigsegg One: 1 (2 million - more than 40 billion)
1 year ago, the Swedish supercar company Koenigsegg has called supercars debut titled One: his first exhibition at the Geneva Motor Show.

Regarding design, One: 1 using wheels made from carbon fiber, the car is designed more impressive with lowered front bumper, hood made of carbon fiber integrated inlet cavity. Meanwhile, the tail completely redesigned with the diffuser and new exhaust, along with a large spoiler.


Koenigsegg One: 1 is considered the most powerful supercar with cubic capacity 5l V8 and turbocharged system. With such strong heart, One: 1 can produce 1,340 horsepower power and maximum torque 1,371 Nm. Vehicles using dual-clutch gearbox 7 level. One: 1 accelerates from 0-400 km / h in about 20 seconds. Maximum speed over 440 km / h. With this maximum speed, Koenigsegg One: 1 pass Guinness but Bugatti Veyron Super Sport is holding is 431.07 km / h.

5. Ferrari F60 America ($ 2.5 million - more than 50 billion)
Ferrari said the F60 America developed based on F12 Berlinetta elder people, and only 10 the F60 were produced and sold in the US market.


Answering the question why only 10 units produced, representing Ferrari revealed, the number of vehicles is limited to only 10 units to commemorate and honor the legendary cars of Ferrari 275 Spider a lifetime GTS4 Nart 1967 also directly imported 10 units.

Ferrari F12 Berlinetta Similarly, F60 America also uses a V12, 6.3 liter capacity, produces maximum power of 730 horsepower. The power is transmitted to the cake through dual-clutch gearbox 7 level. Thus, Ferrari F60 America can accelerate from 0-100 km / h in 3.1 seconds.

4. Mansory Bugatti Veyron Vivere ($ 3.4 million - more than 68 billion)
In Geneva Motor Show 2014 took place in May 3/2014, which "level" Mansory has introduced a new special work, was developed based on "King of Speed" Bugatti Veyron. Supercar "level" of its new cult Mansory is known by the name Vivere Bugatti Veyron.

We can say this is the Bugatti Veyron supercar is the most thorough care little of its ever Mansory. Bugatti Veyron Vivere improved from head to tail with improved wing, hood and front fenders shorten impressive.

According to Mansory, the majority of the body panels Bugatti Veyron Vivere are made from carbon fiber. This is a strength in the past few years its popularity of Mansory.

Original Bugatti Veyron extremely powerful W16 engine, 8.0 liter capacity comes 4 turbocharger.

3. W Motors Lykan Hypersport (US $ 3.4 million - more than 68 billion)
Supercar was first developed in the Middle East, W Motors started Lykan Hypersport more known through the movie "Fast & Furious 7".

Is the product of technical experts with leading designers with masters from Italy Lykan HyperSport cost $ 3.4 million and only 7 were produced. This is a masterpiece you hardly meet on the road.


Ownership inline 6 engine 3 liter capacity, twin turbocharged and produces 770 hp power at 1000 round, accelerate from 0 - 100km / h in 2.8 seconds and reaches a top speed of 395km / h , Lykan Hypersport is one of the fastest cars and most expensive in the world today.

The followers of speed and cinema are admiring to see this supercar appeared in "Fast & Furious 7" with the memorable scene when pierced apples three skyscrapers of Abu Dhabi as fighters oil.

2. Lamborghini Veneno ($ 4.5 million - more than 90 billion)
As news given earlier, Veneno is based version of the Lamborghini Aventador and manufactured limit celebrate the 50th birthday of the Italian supercar manufacturer.


Lamborghini Veneno is equipped with 6.5-liter V12 engine, the engine block was developed from the engine on Aventador supercar. However, after adjustment, the V12 engine block can reach a maximum capacity of up to 750 horsepower, 50 horsepower more than the capacity of the Aventador LP700-4. This power is transmitted to all four wheels via an automatic transmission 7-speed ISR.

This strength enough to Lamborghini Veneno can accelerate from 0-100 km / h in just 2.8 seconds, top speed of over 355 km / h.

1. Koenigsegg CCXR  Trevita (4.8 million - more than 96 billion)
Trevita under extremely rare version of the supercar maker of Sweden, developed based on Koenigsegg CCXR models. Only 3 units are manufactured and CCXR Trevita a US single.



The whole body is made of carbon fiber. Twin turbocharged engine, 4.8 liter capacity of the V8, producing 1,018 horsepower at 7,000 rpm rev / min and 1,080 Nm of torque at 5,600 revolutions / minute. CCXR can Trevita acceleration 0-100 km / h in 2.9 seconds, top speed of 410 km / h.

Last June, boxer Floyd Mayweather was Enzo Ferrari supercar sell $ 3.2 million worth in the collection of nearly 9 million cars and left many of his "shock" when spent 4.8 million USD to purchase "rare" Koenigsegg CCXR Trevita.

Tuesday, November 3, 2015

How To Detect A Fake Third Party Motor Insurance Certificate

Fake Third Party Motor Insurance Certificate


To drive a car on Nigerian road one of the major requirements is for you to have a minimum of Third Party Motor Insurance Certificate. This is enshrined in the Section 68 of the 2003 Insurance Act which states, “No person shall use or cause or permit any other person to use a motor vehicle on a road unless a liability, which he may thereby incur in respect of damage to the property of third parties is insured with an insurer registered under this Act.”

But besides the legal aspect of it, do you know that there is N1m property damage cover and unlimited life cover to Third Parties on your Insurance Certificate? 

It is a sad situation in Nigeria that people are ignorantly or willfully (because of cost) purchasing fake certificates. My people, the bible says, perish for lack of knowledge. According to The police 90 percent of Third Party, Motor Insurance Certificates presented to them on demand by motorists at checkpoints are fake!

Ordinarily, it is quite difficult to differentiate between an authentic and a fake certificate because of the quality of the finishing of some of the certificates. But in 2012 the industry inaugurated the Nigerian Insurance Industry Database (NIID) with the mission to wipe out fake papers to give room for genuine ones to boom in the nation. 

This will allow law enforcement agents and vehicle owners to verify the authenticity of motor certificates within a minute! The Police now will be able to detect with a certain electronic device in their possession if your certificate is real or fake. Please do not be caught unawares, read on to find out how to detect the fake one yourself before it is too late.

There are three methods to it.

Please read the rest here.



Olumide Richard - That's Love





Wow this is something fresh.....for y'all lovers! From my music mentor - he taught me all I know in music.