Insurance companies to stop Issuing AOG

Well it was bound to happen, non-life insurance companies (the guys who insure cars and houses) have stopped issuing Act of God coverage for cars. For those in the industry, it was no surprise. After all, insurance companies love to insure people who don’t need it and refuse coverage for people who need it the most. The main reason for stopping? They need to re-adjust the rates…

 

Yes, its always a good time to buy a new car

You’ve heard it before…2009 is probably one of the best times to buy a new car. With the car makers bracing themselves for flat sales, they’ll be bending over to sell you one. Even Toyota and Honda are offering relatively generous discounts. But in spite of all the economic doom and gloom for the auto industry, it still pays to do some homework. So we’ll focus on probably the biggest mistake of most new car buyers…in-house financing.