Insurance is a contract between the policyholder and the insurance company wherein the insurance company is bound to compensate the policyholder on occurrence of certain pre-specified ‘event(s)’.

 

The events that are covered and the extent of coverage for each event are defined in the contract.Thus, there are three parties to any insurance contract – the policyholder, the insured, and the insurance company. In most cases, the insured and the policyholder are the same. The event(s) covered by the insurance contract will largely define what kind of insurance it is. Thus there is life insurance, health insurance, accidental death and disability insurance, home insurance (which may or may not include flood insurance, earthquake insurance, and mobile home insurance), auto insurance (which includes car insurance) and renters insurance. There would be several other products in the commercial lines of insurance.

 

Most people would have tried buying a used car at-least once in their lifetime. Statistically, people change their car once in three to five years, if not sooner. If they need to buy a better car, and get a good deal on it, then they need to know exactly how to spot a good used car from a bad one.

The starting point of getting a good deal on a used car comes at the source of the used car. One can find a good used car at a car dealer. But cars from a dealer come with their own premium attached to it. If it is a certified used car, the premium is even higher.

Buying a used car directly from the owner can give a better price. But this needs additional effort on part of the buyer, in being able to locate sellers of used cars, and contacting them individually.

Here is where sites like www.unocardealers.com can help. This site has a ton of listings from individual sellers of used cars, that sellers can browse through.

By: John Kerry