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Uninsured Motorist Insurance! What Is Uninsured Motorist Insurance Anyway and What Does It Cover?

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With simple toys having instruction manuals 60 pages long and cell phones that allow you to take pictures, videos, browse the internet and update your social media status all while having a triple, decaffeinated, jumanji blend medium roasted 160 degree cup of coffee. Why can’t we find some simple answers to things that are supposed to make our life easier or protect us in case of an accident, like “what is uninsured motorist insurance, what does it cover and when do I need it?”

I don’t have the answers to everything, but I do have a few answers to somethings. Uninsured Motorist, often referred to as UM, UMBI, UMPD and/or UMCDW, again see how something that should be simple just went in the wrong direction so quickly, well, it’s really not that complicated when it is broken down to its basics.

When it is being offered and you asked a basic question; “what does uninsured motorist insurance cover?” The reply you get can sometimes make you feel as if the insurance agent or insurance representative, either does not want you to know what you are buying, or doesn’t know how to explain it themselves. Whatever the case may be, by the time you are finished reading this you can feel confident that you have an essential understanding, which will give you an upper hand in your decision making process; ” to get or not to get uninsured motorist insurance, that, is the question!”

So let’s start with breaking down UM, UMBI, UMPD or UMCDW, well there is not much to break down these are all acronyms for forms of uninsured motorist insurance. “UM” this one is easy its uninsured motorist. “UMBI” is not too much different, its uninsured motorist bodily injury. See how easy this is? “UMPD” means uninsured motorist property damage, yes it is for fixing your vehicle. If you got those down you are on your way to becoming an insurance guru. The last one is a little trickier, “UMCDW” or uninsured motorist collision deductible waiver, which waives the collision deductible. So how do you feel with this little bit of knowledge, a little empowered with understanding UM?

So now you have the basic break down of UM and the different ways it can be presented, so what does it cover?

In most cases it can be explained very easily. What UM covers is you, your passengers and your vehicle. So when does it go into effect? The best way to explain it is by using an example.

Heaven forbid you are in an accident, the accident was not your fault, but the person who was at-fault for the accident does not have insurance. Bingo! Here comes UM to the rescue. Since the person who was at-fault for the accident did not have insurance, your UM comes to save the day. In most cases, in most states, uninsured motorist helps pay for your medical cost, court cost, legal fees and also helps fix or replace your car up to its ACV (actual cash value) not to exceed the maximum benefits of the uninsured motorist limits listed on your policy.

With this little bit of knowledge I hope you can make a better decision when considering Uninsured Motorist Insurance, not only when shopping around for an insurance quote, but when you are choosing what types of insurance are right for you to buy.

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Every Care Taken But No Responsibility

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When is a scam not a scam?

When it is a bank that operates it, and the government supports it.

Do you know what a scam is? In the Cambridge English Dictionary, a scam is defined as “an illegal plan for making money, especially one that involves tricking people”.

Do you know that the government is protecting the banks legally in operating a scam where the banks assign all the risks, accountability and responsibilities to the consumer but not themselves?

We all do Internet banking. When we pay someone and transfer money into their account, we have to provide the following details: the name of the Account, BSB number and the Account number. There is a warning given to ensure the details are correct, and the bank will not be liable for any mistake made by the consumer. Despite this warning, we all believe that the bank will transfer the money into the correct account name; otherwise, why should they ask for an account’s name?

If the customer made a mistake, then one would agree the bank should not be liable as they have given you a warning. But what happens when the customer is not at fault but the internal transfer system between banks is at fault? Who is liable?

Let me give you an example of a recent case where a consumer receives a fraudulent email from her financial advisor where to transfer funds. In it, the fraudster changed only the banking details. Everything, including the transfer name, remained the same. Unwittingly, the transfer of funds took place. The following day the financial advisor rings to tell her that the money was transferred into the wrong account and a different bank. Her bank was immediately alerted about this fraudulent transaction, and eventually, 80% of the funds were recovered. She incurred a loss of 20%.

It is a case where the customer is a victim who was unaware of a change in banking details. What the customer did or did not do, did not influence the outcome of the case. The fraudster knew that the banks do not match account names and exploited the internal system of funds transfer between banks. Is the bank responsible for this loss? Is it negligent not protecting the consumer’s interest by not having proper security measures installed? The bank knew about this weakness in their security system, which is the reason for their warning. The bank denies all liability, and the matter is taken to AFCA (Australian Financial Complaints Authority) for resolution.

After months of deliberation, AFCA ruled in the bank’s favour. It said that the bank had no legal obligation to match accounts and check where the money goes. Thus we have a situation where the banks cannot be held legally liable for any internal transfer of funds between banks. If that is the case, the question arises, who is? Are the laws meant to protect the consumers or the banks?

This case exposes a hole in the bank’s security system where the fraudsters, money launderers etc., are having a field day. There is no protection for the consumer. The banks are safe in just warning their customers about this hole. They are not legally required to put barriers around the hole, so some unfortunate unwary customer like the one above does not fall in it. They are saying we take every care, but no responsibility and the government supports their stance.

Clearly, the government is giving preferential treatment to the banking industry when it comes to consumer protection. The same treatment does not apply to other sectors such as the medical profession, where doctors are often being held responsible for matters beyond their control. How would you feel if the surgeon, with the backing of the government, warns you about your operation by saying, “I will take every care, but no responsibility for any swab left behind”? Wouldn’t you treat the consumer laws protecting you as a big joke?

So the question arises that if the bank is not legally liable for any internal transfer of funds between banks, who is? How is the consumer protected? It seems no one is interested in plugging this hole in the security system because everyone, except the hapless consumer, is complicit in making money out of it.

How ironic that AFCA, the authority established to handle consumer complaints, cannot answer these fundamental questions.

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Urban Slang – What Does WWJKD Mean?

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WWJKD or “What Would James Kirk Do” is a phrase that was derived from the famous WWJD or “What Would Jesus Do” saying, but substituting the iconic commander of the Starship Enterprise for Jesus as the object of inspiration, bringing a humorous twist to the old classic.

The phrase has been in existence for some time, but with the latest outing for the Star Trek franchise, “Star Trek (2009)”, it has found a new following amongst the younger generation. It’s meaning is fairly self explanatory, when you find yourself in a challenging situation or surrounded by danger you can find a solution to your problem by asking yourself, what would James Kirk do?

It’s a tongue in cheek homage to the exploits of Captain Kirk and his unique unorthodox problem solving techniques. Who else, when faced with a computer or robot bent on destroying the human race, could destroy it just by talking to it and making it see the error of its ways. Who could go into any conflict declaring everyone else to be wrong and only his opinion to be right and not only win the day but emerge unscathed from even the most seemingly desperate situation. So remember if you need a plan, just ask yourself WWJKD?!

This is one of the many so called urban slang phrases that have started to gain widespread usage and popularity via cyberspace and the internet – a medium which has made it so much easier to reach a wide audience. Urban Dictionary’s website has over 300000 entries, containing not only new slang terms, but also modern alternative definitions for everyday words. Being user generated, anyone can contribute words or meanings, resulting in it evolving on a daily basis.

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Chicago Hotel Deals: Recommendations on Where to Stay and What to Do During Your Trip

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Since it’s the third largest city in the US, Chicago is filled with tons of inexpensive hotels. Whether you’re visiting the Windy City for business or entertainment, you have a variety of rooms and suites to choose from. Thanks to the impressive public transportation system, you might not even have to rent a car. Just look for Chicago hotel deals online and compare the rates.

A lot of experts recommend staying in “The Loop”, or downtown area, as it is close to much of the action in the city. Some of the affordable hotels in downtown include Central Loop Hotel, River Hotel, Wyndham Grand Chicago Riverfront, and Hotel Felix.

You’ll definitely want to visit the “Magnificent Mile”, which is the best place to shop in IL. There is no shortage of name brand shops, luxury boutiques, discount stores, and more. If you are interested in the Chicago Blues scene, consider staying south of the Loop. During June, the Chicago blues Festival fills Grand Park.

You might want to look into Chicago hotel deals at historic buildings like the Whitehall Hotel, Staypineapple at The Alise, The Drake, and Warwick Allerton. These hotels have been around for at least 100 years and offer the perfect mix of historic Chicago with modern amenities. The Palmer House (Hilton) also has a romantic touch and features two popular restaurants, a health club, and spa. It’s also very close to other restaurants and shopping.

A stay near Grand Park might be worth your while if you want to visit sites like the Museum Campus, the Art Institute, Buckingham Fountain, Soldier Field, Shedd Awuarium and Adler Planetarium. A few budget hotels to consider include Chicago’s Essex Inn, Virgin Hotel, Jaslin Hotel, and Holiday Inn Chicago. There are literally 100+ accommodation options within a 2-mile radius around Grand Park, so you shouldn’t have any problems finding Chicago hotel deals in this part of the city.

Recommendations for Chicago Hotel Deals

No Chicago accommodation guide would be complete without mentioning Wrigley Field. If you want to see the Cubs play, a few suggestions include Hotel Versey – Days Inn, Villa D’ Citta, Hotel Lincoln, or The Majestic Hotel. While there are others, these are the ones that offer budget accommodation.

Baseball season isn’t the cheapest time to visit Windy City. If you’re flexible with your dates and don’t mind missing out on seeing the Cubs play, you might want to wait until winter to visit, unless there is a convention in town. The months of January – March tend to be the best times to find Chicago hotel deals. Whenever you decide to book your trip, consider opting for a vacation package that also includes airfare.

Interested in online discount codes? Don’t turn your chance to save a ton of money on your trip. You can find Chicago hotel deals by browsing the site or using the search engine. You can narrow down the results and just look for accommodation in certain areas of the city, or view the options by price.

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