Five Power Closing Techniques for Insurance and Financial Advisors

So, you have made it through the prospecting game. You made your cold calls, sent out your mass mortgage mailers, invited people to your coffee-sponsored seminars, you qualified responders as being serious prospects and have set the appointment.

Now what? You have done all this work, are you sure you are going to get their business? In this article are 5 closing techniques to help you solidify the deal and make the sale.

1. Quality Demonstration – If you are going to take the time to give a demonstration, be sure that you listen to your potential client's needs and interpretations of what they expect to get out of your appointment. There is nothing worse than explaining variable life insurance and all the different cash options and disability waivers … to find out they only have a budget of $ 50 per month. So, listen and then tailor your demonstration to focus on their needs and to solve whatever void they need filled. Do not get too wordy. The best demonstrations have few words, but are very poignant.

2. Small-closes – Throughout the demonstration , try to get periodic "buy ins" and acknowledgments that you are on track with solving their needs. Ask for their opinions, ask open ended questions; be sure to engage the potential client. If you can make many small closes throughout the sales process, then when it comes time to pull out the application, they will not be shocked or caught off guard. When they ask a question, re-state their question. This does two things: it lets the potential client know that you are listening to their concerns, but it also restates to them what they have just said is their need. So, when the time comes for you to discuss possible solutions, such as term insurance to cover the mortgage, or a wrap-around disability income policy to substitute the rest of their income, then they can not back out and say that it is not a concern.

3. Between 1 and 10 – This has got to be one of the greatest closing lines ever. It is easy to do, and it forces the potential client to sell themselves. When you have finished your demonstration, you simply turn to your client and ask them, "Between 1 and 10 … 10 being 'I am ready to fill out the application and never worry about how my family will financially survive if something should happen to me '… or 1 being' I wish you would leave my house right now '…. where do you fall? And no matter what they tell you, you ALWAYS answer, "Really, a" # "? Why so high? "Even if they tell you a" 4 "…. you answer," Really, a 4? I thought you would be a 3, you had your arms crossed and did not seem interested in anything I was saying. Why are you so high? What made you choose a 4? "

And then let them answer. Even with a low number, they will point out the features that they liked. They will point out the solutions that worked best. They will also tell you what they did not like … and then you can move forward from there. If they were turned off by the price …. them give them other options. If they were turned off by the fee structure of A-share mutual funds, then tell them about B or C shares.

4. Suggest / Recommend – This is not so much a closing technique as it is a phrase that sets you apart from others by presenting you as the expert. Think about the times you have heard people use this phrase with you. Typically most large oil changing stations will say at the end of their "12 point inspection", "I recommend you flush out your steering fluid or use a fuel injector cleaner". What happens is that, they are recommending this to you, which gets you thinking, "hmm … they are the experts, perhaps I should listen to them". Versus someone saying, "you NEED to do this." That phrase turns us off. "I do not NEED to do anything!" When you are sitting with a prospective client and you have finished your demonstration and they have agreed that they need to begin a college savings plan, or invest in a sound life insurance policy, the next phrase out of your mouth should be, "As your Financial Representative, I suggest we get started with ….. "or" I recommend that we ….. ". It sets you up as the professional that they will trust.

5. Take the sale away -This phrase sounds like the opposite of what you want to do, but rather than chasing someone for the sale, make them ask you for it. Statements like, "I do not even know if you will qualify for this …. why do not we fill out some of the medical questions to see if we should even move forward with underwriting." Or if they balk at the initial deposit to open a college plan or annuity, try saying, "You know what? Maybe you are right. This college plan does not seem like the right fit to help you cover the cost of your children to go to any school they want to …. why do not you check out state savings plans through the bank … I believe that enrollment period starts in 6 more months ". This gets the person thinking, "Well what is wrong with me? I want to fit in, I want to belong." When you push something, it moves away from you …. when you pull the same item, it comes towards you. Another move you can make … if someone says that the premium is more than they want to spend, you can always say, "you know what, maybe you are right, but why do not we go ahead and get you underwritten, see if you even qualify for this low of a premium, as you could come back rated. Then once you are approved, then we can determine which policy will work best for you. "

It takes a little time to change your thinking, especially when you are just starting out. But give it some time, and practice these steps. You will see clients becoming more attracted to you as a professional.

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Owner Operator Insurance 101 – Lease Agreement Requirements

In today's ultra-competitive marketplace the stakes are higher than ever. One poor decision can prove fatal to the business aspirations of the ill-prepared entrepreneur. Careful planning and meticulous attention to detail are requisite to success. Nowhere else is this more true than in the world of the independent contractor. Without the large cash reserves associated with the corporate world, the success of the individual Owner Operator is in constant jeopardy. This article is the first in a series aimed at explaining some lesser known facts that can help you make better business decisions right from the start and build a more secure foundation for your business.

For an Owner Operator looking to break into the trucking business, it is often more economically feasible to start out running under a larger motor carrier's operating authority. Keep in mind that not all motor carriers operate the same way, and not all motor carriers may operate with your best financial interest in mind. If you allow yourself to get caught up in "just getting signed on somewhere" and forget to read the fine print, you may be setting yourself up for failure.

When negotiating your rate per mile and reviewing your lease agreement with a motor carrier there are a few things that you should take into consideration in order to better manage your exposure to financial threats and ensure your overall profitability.

What expenses are they passing on to you, and do they use an escrow?

It is not uncommon for a motor carrier to share some or even all of the deductibles on their Auto Liability and Cargo Insurance with you, the owner operator. They can do this in one of two ways. They can either pass the responsibility for the deductibles directly on to you through your lease agreement, or they can withhold money out of your settlement in an escrow account. This means that in addition to the standard $ 1000 deductible you already have on your Physical Damage policy, you could also be responsible for up to $ 2500 each, or more, on your motor carrier's Liability and Cargo policies. They can also escrow money above and beyond the deductible amounts for a variety of other purposes including taxes, permits or even fuel advances.

You can minimize your risk of incurring the insurance related expenses by using Deductible Buyback coverage. Deductible Buyback allows you to combine all of the deductibles you are responsible for and reduce them to one smaller amount, typically $ 500. Otherwise, pay attention to the use of escrow accounts and be sure to monitor how much they have held. If and when you terminate your lease, you will likely have to ask for that money back or risk losing it completely.

What insurance can they actually require you to carry and what should you carry?

The simple answer here is that they can require you to carry any coverage their risk managers see fit. Although the state you live in may not specifically require you to carry certain coverages, the motor carrier can make those requirements a provision of signing a lease agreement. You are an independent contractor choosing to enter a mutual agreement with the motor carrier. By signing the lease agreement you are saying that you understand and choose to accept their requirements, whatever those may be. The most common insurance they will require will be some sort of personal injury protection.

However, any insurance coverage that they may require you to carry is most likely aimed at reducing their exposure to the risk of you passing expenses onto them. Since these expenses would initially be yours, it is in your best business interest to carry the coverage.

The more common and more affordable form of personal injury protection is called Occupational Accident or Occ Acc. Occ Acc is similar to Workers Compensation in that it covers you or your driver for medical expenses resulting from work related injuries. A typical Occ Acc plan will carry some amount of disability coverage as well. The main difference between Occ Acc and Work Comp is that an Occ Acc policy has a specific pre-determined limit of coverage ($ 500K, $ 1 million, etc). Work Comp limits are determined by individual state statutes.

What form of liability coverage are you required to carry on yourself?

When you are leased to a motor carrier and operating your truck "in the business of trucking" you are covered by their Auto Liability coverage. Also known as Primary Liability, this coverage insures you and the motor carrier for property damage and bodily injury that you cause to another party and for which you are liable. Since your truck is a commercial vehicle designed for the business of pulling freight, Primary Liability covers it most of the time. However, since you own the truck, there will be times when you may use it for things other than "the business of trucking". Because of this, it is important to carry a secondary form of liability coverage.

Usually referred to as "bobtail" coverage, there are actually several different forms of secondary liability coverage that can be used. Your motor carrier may require a specific form, so it's important to understand the difference.

Non-Trucking Liability, NTL: Covers you when you are "not in the business of trucking". It does not specify whether you are pulling a trailer or bobtail.

Bobtail Liability: Covers you when you are bobtail. It does not specify whether or not you are in the business of trucking.

Unladen Liability: Covers you when you are not loaded. Does not specify whether you are bobtail or deadhead or if you are "in the business of trucking" or not.

Note that these are all liability coverage. This is only coverage on you to pay to other people for bodily injury and property damage that you may have caused. This coverage will never pay you for damage to your own equipment. Damage to your equipment is covered by Physical Damage coverage. Most motor carriers do not have requirements on your Physical Damage coverage, but it is still a good business decision to have it.

Understanding these different forms of coverage is extremely important to an Owner Operator when entering a lease agreement. Before signing your name on the dotted line, ask yourself the questions presented in this article and consider which of the different forms of insurance could apply to you. Investing in the right kinds of coverage early on can help you minimize your risk of facing catastrophic financial situations down the road. As evident in today's business economy, it is better to be financially proactive and prepared than to wait for disaster to arrive.

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How To Start A Roasted Corn Business

Corn roasting is a simple yet very profitable small investment business. The successful corn roasters make full time living working just the summer months.

To start a roasted corn business you will need to acquire permits and business licenses from the health department and from the state. The following is a typical checklist to start your business.

1. Decide the size and the scale of the operation.

2. Decide on the menu for your concession business.

3. Purchase your equipment and tools.

4. Register your business.

5. Apply and obtain all the required licenses and permits needed to run a food concession business.

6. Secure events and have fun running your concession stand.

Permits, Licenses, and Inspection

Every state has laws governing business licenses and permits. Most likely, you will have to register your business with the state agency, so you can do business in the state. A tax ID number, business license number, and tax registration number can be issued to your business, depending on the state in which you are operating. You should verify with the city or county that the business location is zoned for that activity. You must have commercial liability insurance, both for your business and for your vehicle and trailer.

Health Department and Food safety

As a business owner and a food worker, you will be preparing food for other people. Contact the health department of your county or state to receive a copy of a food safety guide that will help you greatly in learning more about food safety. Roasted corn is considered a less hazardous food, but if you are going to sell potatoes and turkey legs you may have to pay higher fee.

Start-up Costs of a Corn Roaster Business

Brand new corn roaster with warranty: 10,000- $ 12,000.

Used corn roaster: $ 5,000- $ 8,000.

Additional equipment and accessories: $ 1,200- $ 2,000.

Used van or truck: $ 2,000- $ 10,000.

Food cost for first two events: $ 300- $ 1,000.

Event sign-up fee: $ 800- $ 3,000.

Fuel, utilities, and miscellaneous: $ 200.

Equipment Required to Start a Corn Roasting Business

A professional corn roaster, minimum 200-500 corns per hour.

Hot plate for melting butter

Steam table for storing cooked potatoes and turkey legs.

Two 20-lb. propane tanks

Fire extinguisher

Commercial quality tent

2 tables,

Hand washing unit (portable) very easy to assemble one

Mics. Little things

Google "Corn Roasters" and search for companies that will help you get started before buying the equipment if you are strapped for cash. One of the company Texas Corn Roasters help.

How to Find Events and Festivals

There are many sources for finding festivals and events, such as your vendor friends, the local Chamber of Commerce, auto racing, fairs and festivals, flea markets, rodeos, and theme parks. The Internet is one of the greatest sources for finding events. Many good sites provide this information. Always send a professionally done proposal with your application if you want to beat the competition.

Suppliers and Producers

Suppliers and produce wholesalers are your key to success in this business. You can not afford to buy the food from retailers, so you must find producers capable of providing you quality food at wholesale costs. Every state and big town has a local supplier who delivers food supplies to local restaurants. "Wholesale food distributor" in the Yellow Pages is a good place to start. Corn is cheap if buy from a wholesaler.

Serving food at the festival

The way you serve can also improve your business. You will need certain condiments for every item you server. For instance sale, black pepper, Cajun spice, garlic powder, lemon pepper and more.

Signage

You have probably heard the saying "flash is cash." It is very true when it comes to the festival business. You could have the most delicious food, best prices, well-trained staff, and a festival with thousands of people. If your booth fails to attract customers ,, it is probably the poor signage.

Tribal knowledge

Like many other small profitable business the roasted corn business is run by tight lipped vendors who do not share tribal knowledge. There are not any website, or sources for a newbie to find any information. The tribal knowledge could help you make extra 25K a year. Of a Very Is there Helpful Book "Earn An Entire Year's With cron Reviews living Roaster", That Covers This Business With Very Granular Level Of Details. It is worth buying.

If you plan on making your concession business a full time job, consider an RV that can tow your corn roaster trailer and getting on the list of concession vendors that follow a fair rout.

Accounting and numbers are also very important aspect of this business. Festival Concession business offers financial and personal freedom like no other small business does.

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VW Fox – Made Out of Pineapples

I've reviewed so many cars over the past six months or so, that I may have been guilty of getting used to the thrills and spills of driving fast ones. If this is the case, my assignment this week brought me back down to earth – very slowly might I add – with a bump. The car in question is the Volkswagen Fox – the baby of the German manufacturer's fleet.

The car has a 0-60mph time of … wait … for … it … 17.5 seconds. Top speed is 91mph and no, there is not a turbo attached to the puny 1.2 liter engine. Yet to lambaste the Fox for being slow and unexciting is to completely miss the point of the car. The giveaway is in the model name of the car I tested – the Volkswagen Urban Fox. You see in this time of petrol prices soaring, roads becoming more congested and the car being the global warming villain, the Fox could well be where the smart money lies when it comes to getting around town.

I do not like to use the word 'cheap' but there's no other way to describe the Fox, with prices starting at £ 6,430 to be precise (in the UK I should add). To get four brand new wheels onto the road, with a Volkswagen badge adorning your car for this money is quite simply a remarkable feat. The cost saving does not end there either, with the Fox falling into insurance group one – the cheapest banding around. Fuel consumption almost looks made up with combined urban and extra urban figures of 46.3mpg.

Blimey this is starting to make a lot of sense. The Fox is quite tall too, so despite the diminutive length, the driving position is not too dissimilar to that of a larger 4×4 vehicle. The advantages of making the car tall, are not limited to the driving position, as headroom and legroom are also boosted by the extra inches up top. There's plenty of glass around the car, making all round visibility excellent and parking a doddle.

Outside of its favored habitat things do go a bit awry with the Fox – particularly on the motorway. Now before you shout "the little thing's not meant for the big roads!" if we're being objective, there's going to be occasions when you're going to leave the big smoke and hit one of the multi-laned snakes cutting through the country. By-passing (no pun intended) the 0-60mph time, the Fox is – and I hate using this word as much as 'cheap' – slow. An overtaking maneuver requires the forward planning of a chess master and snooker champion all in one. Changing from fifth gear to fourth made little difference to my forward motion and worryingly, nor did a further shift down to third.

The tall sides also act as a pair of very large hands that grasp hold of every gust of wind or buffeting from a passing lorry, making the Fox a wee bit skittish in the outside lane. However, once off the motorway, the Fox feels far more assured navigating country twists and turns, thanks to a longer wheelbase than most in its class and wider track. In fact, rather than welding the accelerator pedal to the floor, a gradual motion combined with a neat gearbox brought great rewards in the great outdoors.

Parked up against it's rivals the Fox sits comfortably in the 'not ugly' bracket but struggles to make it into the 'pretty' range either. As with Volkswagen's other small hatchback the Polo, the Fox is subtly styled compared to its rivals, in this case the Citroen C1, Toyota Aygo and Peugeot 107. Yet there is something more grown up and civilized about the Fox when viewing it alongside the almost immature stylings of the other city cars.

An interesting fact for your next pub chatter – Volkswagen are committed to reducing the environmental impact of producing cars and are keen to promote recycling and greener vehicles. In the case of the Fox, it's built in Brazil where the Curana plant grows. Fibers of this plant from the pineapple family are mixed with a recyclable synthetic material which makes the material for the roof lining and rear parcel shelf. No the car is not edible.

The Fox has been manufactured using the latest laser welding technology which means it's a very rigid car helping it garner 4 stars in the Euro NCAP crash tests and features ABS as standard. Optional extras include alloy wheels, air conditioning and a CD player.

The Fox has a big fight on its hands, not necessarily from its competitors, but from the car it replaces – the much loved, and cute Lupo. Either way, the evidence is clear. Next time I get behind the wheel of a 2.0 liter turbo'd monster, I'll be wishing I was a far sensible human being and was driving a Volkswagen Fox.

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Minnesota Claims Adjuster Licensing – 3 Steps to Become a Licensed MN Insurance Adjuster

Minnesota residents interested in becoming an insurance claims adjuster will first need to obtain the Minnesota adjuster license. Non-residents interested in working claims in Minnesota may also be required to obtain this license before obtaining an assignment. This is a state that typically yields a high number of residential, commercial, and auto lines claims due to wind, hail, and ice. Cat adjusters are well served by holding this license. Follow these 3 steps to obtain and maintain your claims adjuster license in Minnesota:

Step 1) Observe the Licensing Requirements

Residents of Minnesota must be 18 years of age. No experience, sponsorship, or bonding is required. Residents must take and pass the Minnesota adjuster exam. The most comprehensive Minnesota adjuster license, the Fire, Allied Lines, and Casualty Adjuster, can only be obtained by taking the Fire, Allied Lines and Casualty exam administered by Promissor. State exams can be difficult but exam study packages are available that greatly increase the passing ratio among testers.

Reciprocity: Non-residents who hold a license in their home state can obtain the Minnesota license reciprocally. Non-residents who do not hold or can not obtain a license in their state of residence must pass the Minnesota adjuster exam given by Promissor. Once again, exam study packages greatly assist in ensuring you pass the test the first time.

Step 2) Obtain the Adjuster License

To become a licensed Minnesota claims adjuster, you will need to complete and submit the Minnesota online adjuster application through Sircon and pay the $ 50 licensing fee. Certification that the Promissor exam has been passed must be submitted electronically by the License Exam Administrator. In place of passing results from the Minnesota Adjuster examination, applicant must submit via fax, documentation of passing results for an equivalent adjuster examination taken in another state, in order for their application to be processed.

Step 3) Maintain the License

Licensed Minnesota claims adjusters must renew their license every two years. The initial Continuing Education requirement is 15 hours for the first two years. Thereafter, 30 hours are required to maintain compliance for each two year reporting period.

Summary: Residents of Minnesota who plan to adjust in Minnesota must first obtain the Minnesota adjuster license. The Fire, Allied Lines, and Casualty Adjuster license is this state's most comprehensive license and requires an examination through Promissor. Exam study packages can provide very helpful prep assistance and drastically increase test success percentages. This busy claims state's license can also offer an attractive license for non-resident independent adjusters. Additional Information Licensing for, Refer To The Complete Online , Book To Become of a Licensed MN Claims Adjuster .

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Celebrate in Style With Vintage Wedding Cars

If you are planning a wedding at an exclusive club or a million dollar estate, you might think about using vintage wedding cars for your wedding transportation needs. Classic and vintage cars are the perfect addition to a day filled with class and style, sophistication and luxury. Photographers will love taking the couples' picture in front of a classic beauty with the wedding venue as a backdrop. Brides and grooms with a special affinity for classic cars will love the appeal that vintage wedding cars will bring to the day, and the memories they will create for themselves and their guests.

Transportation – Though many classic and vintage wedding cars may have contracts against driving them (or having them driven by a company driver) for long distances, most can still be used as local wedding transportation. These rentals keep their value as classics because of their uniqueness and their low mileage, which could quickly add up if each couple renting took the vehicles for long drives. Vintage wedding cars are probably best if only needed for very short distances, such as from the chapel to the reception hall down the street.

Props Only – If you find a classic car you want to rent but find that it is cost prohibitive, you might get a reduced rate for using it as a prop only. This means the car is not driven, except to the location where it will be parked. Often, the owner of the vehicle will have it hauled to the location as to preserve the car's low mileage. When used as props, vintage wedding cars still add considerable value to your wedding celebrations. They can be used to enhance the overall look and feel of an exclusive or luxurious party, or they may simply be used in professional wedding photographs that include the couple.

Full Event Rental – Other than the other two options above, vintage wedding cars can be used during the entire wedding celebration. Though it may be hard to find a company willing to rent out a vehicle over a several day period, it can be done. Do not expect to get a weekend celebration classic car on a small budget, however. If you are lucky enough to find a company or car owner willing to rent their vintage wedding cars for several days or more, be prepared to pay top dollar. For that money, you will enjoy transportation and the vehicle's use as a prop at the venue or in wedding photos.

Vintage wedding cars can be rented from wedding transportation companies and from local individual vehicle owners. Be sure that no matter which vendor you use, that you have a signed contract and proof of insurance before taking possession of the vintage or classic car. Usually valued at high dollar, you will want to make sure your liability is spelled out clearly so that you do not get stuck in a situation where you need to pay a huge penalty or lose your deposit. Nothing can ruin the memory of your wedding more than dealing with financial surprises in the aftermath of it all.

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Advantages and Disadvantages of Long Term Care Insurance

Should You Buy Long Term Care Insurance?

Most people start thinking about the possibility of needing nursing care asf they hit middle age. Many have family or family who needed home health care, assisted living, or a nursing home. At this time, people learn about the high cost of long term care, and they wonder how it gets paid for.

Consider this. Full time nursing homes can cost $ 50,000 a year or more. Home health care may not be that much less, depending upon the amount of services needed. Assisted living facilities cost less, but may still be a lot more than it costs to live on your own. And the government estimates that 40% of people who turn 65 will need some sort of nursing care during retirement years.

How does this get paid for? Medicare, the federal health insurance for seniors and disabled people, only pays for short term care. Medicaid does pay for nursing homes, and in fact pays for half of all of thee costs in the US. But in order to qualify for Medicaid, a person has to deplete most of their assets.

So some people purchase a long term care insurance (LTCi) policy because they want to protect their savings in case they need to go to a nursing home. There are also alternative ways to plan for this which other choose. And many people have not done any planning at all.

Disadvantages of Long Term Care Insurance

Who do some people choose LTCi alternatives? Why do many people do nothing? Look at some things that they may consider.

Insurance exists to manage risks. When you purchase an auto insurance policy, you hope you will not have to use it. With most LTC policies, it is the same. You could pay premiums for years, never need it, and get nothing out of your policy except the security of knowing you have it. Some LTC policies may have a return of premium feature but it is not common.

LTCi policies are complicated, and there are many different types. Some are more useful and flexible than others. So some types of coverage may not help you for the particular situation you are in. For instance, you may have purchased a policy that only covers a nursing home. But an illness may only require adult day care or home health care. Again, some policies will cover different types of care so you, or your family, can make a choice when the time comes.

Premiums are lower for younger and healthier people, but can go up over time. If you can not afford to pay premiums when you get older, it will not do you any good if you have to discontinue coverage. You have to make sure that you can afford the policy.

Advantages of Long Term Care Insurance

Of course, a lot of people do think LTCi is a great choice to make sure they have protected their assets .. And some features may even help them before they ever need to use it.

Some policies are tax deductible. Tax qualified plans can be deducted when you file taxes now. This makes the real cost of premiums lower than the price a company charges.

Assets are protected. If you want to preserve a lifetime of savings for yourself, your spouse, or your heirs, long term care is one obvious way to do this. With the right policy, you will not be forced to spend down your entire estate before you qualify for Medicaid.

You will have choices. Not every nursing facility or provider accepts Medicaid. You will be able to choose your private nursing home, assisted living facility, or home health care provider without worrying if they accept Medicaid payments. Some policies even offset the cost of care that is provided by family members.

How to Shop For Long Term Care Policies

It is important to understand how various policies work, how much they will cost, and which one will be the best plan for you. An experienced insurance agent can help you. You can also start looking by using a convenient online long term care insurance quote form. This will allow you to see competitive policies that are sold in your own local area.

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RAV4 Drivers Club Guide To The Toyota RAV4 Run-Flat (BSR) Tyre System

This guide is written to hopefully explain the BSR run flat system fitted to the Toyota Rav4 T180 and SR180
Many owners have bought their cars without knowledge of this BSR system so here I will try to explain what it is and the options for replacing it ..

What is the BSR system?

It's a Run flat system that is different from other types where the sidewall of the tyres used is heavily reinforced so if a puncture or deflation occurs the car effectively rides on the sidewall

BSR (Bridgestone Safety Ring) is a system that employs a ring that is fitted inside the tyre around the rim. This is what the car rides on in the event of a deflation. The tyres are effectively a normal tyre. This is a development of a WW2 military vehicle.

There is also a lubricant inside the tyre that lubes the tyre and the BSR ring in the event of a deflation. Without this the friction generated would destroy both elements.

System is backed up by a TPMS (Tyre Pressure Monitoring System) that illuminates a warning light on the dash if a deflation takes place …

The pluses to this system ..

It means that no spare wheel needs to be carried .. And … Err well that's about it really ..

The minuses ..

The tyres have to be removed by a special and very expensive machine that only Toyota Dealers and a few independent Tyre Dealers have.

Only one type of Bridgestone tyre can be used with the BSR system. No other make or model of tyre can be used.
This makes for expensive replacements come time for new tyres and can prove very inconvenient in the event of a puncture.

Owners report very expensive costs for replacement or repair!

The options …

Well Owners can simply live with what they have and put up with the what is considered huge costs of replacement or repair.

Or

Remove the existing tyres and the BSR system completely. You can have the tyres removed by an Equipped Dealer as described above. Cost around £ 45 per wheel OR simply cut the tyres of and remove the safety inner rings with the aid of an angle grinder.

The TPMS system can be retained or removed and switched to prevent the light flashing on the dash ..

Once tyres and rings have been removed normal tyres can be fitted on a normal tyre machine by any Tyre Dealer and any brand can be used.

Insurance implications …

You should notify your insurance company if you remove the BSR system and fit normal tyres.

No extra premium is likely as the car will be as the latest specification SR Rav4. IE no BSR system and a tyre repair kit in the boot.

It is possible to have the tyres and the BSR ring removed then refits the tyres but this will invalidate your insurance because the tyres have a symbol on the tyre wall which designates them as Run flats. Which of course without the BSR rings inside they are not! This could mean that a Driver who does not realise this could run into problems if a deflation occurs and he or she carries on driving …

Ride Quality

The wheels with the extra weight of the BSR system and lubricating gel is huge in comparison to a wheel fitted with a normal tyre.

The suspension has two elements to contend with:

The sprung weight. This is the weight of the Vehicle, Its occupants, Cargo etc.
The unsprung weight. This is the weight of the Wheels, Tyres, Brakes etc.

Relieving the suspension of the unsprung weight enables it to get on with the job of controlling the sprung weight. This adds up to a far far smoother ride without the crashing and thumping that the increased weight of the BSR equipped wheels give. Remember the tyre walls are Not reinforced ..
The ride quality is MASSIVELY IMPROVED when the BSR is removed !!!

A consideration …

If trading in a BSR equipped RAV to a Toyota Dealer one of the first questions asked will be does it still have the run flats ?? Because if it does not the car has in their eyes been radically altered and can not be sold under the Toyota approved car scheme.

Other dealers may or may not ask depending if they know about the existence of the system in the first place …

Hope this helps

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The "Contents Pack-out" Trap and How to Escape It

"Contents Pack-out" is a term used by water and fire restoration contractors, and insurance companies. It is the process in which the contractor sends trucks, boxes and workers to your home. They pack up all of the damaged personal property in your home or business and transport it back to their warehouse. Once the personal property is at the warehouse, the contractor begins the cleaning and restoration process.

Insurance companies do not like to replace personal property. They would rather clean or repair it and give it back to you. That drastically slashes their claims cost, which makes them happy.

I've been an insurance adjuster for over 16 years, and in the insurance business for over 35 years. I've seen very few instances where seriously damaged personal property can be just cleaned or repaired successfully. Most fires burn or infuse toxic chemicals into personal property, like wood or textiles. Same goes for a flood loss. My personal opinion is that replacement of damaged personal property is better than repair or cleaning.

So, what is the trap?

Insurance adjusters like to swoop in with their favorite approved restoration contractor and do a "pack-out." But your insurance policy has a limit on Personal Property. All of the money that the insurance adjuster authorizes to have your contents cleaned is paid against the policy limit. So, if the restoration contractor cleans a bunch of your damaged property, but you reject it as damaged, the contractor still gets paid. But you have less money now to replace your damaged personal property.

The trap is that a pack-out can penalize you when you are submitting your insurance claim!

Here's the Escape Strategy

1. You own the personal property … not the insurance company and not the restoration contractor. It is YOUR DECISION what gets repaired and what gets replaced, not the adjuster.

2. Call in your own restoration contractor for a second opinion. It should not cost you anything, but even if it did, it would be money well spent.

3. Make sure every single item that gets removed from your home is listed on an inventory sheet.

4. Based upon your contractor's opinion, negotiate the replacements with the adjuster and settle the claim.

If you have experienced a property loss, whether fire, wind, flood or other, you need to know winning insurance claim strategies. The insurance company will not tell you the claims process, but I will. I will show you how to take control of your insurance claim, and add hundreds or even thousands more dollars to your claim settlement. For more information, go to the website listed below.

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Life Insurance – Should You Buy A Rider Or Complete Policy For A Spouse, Child Or Dependent?

There are many arguments as to who really needs a complete life insurance package and who needs some form of coverage in the form of rider. Does you spouse really need a rider if you already have a life insurance policy? Does you child or dependent really need one too?

To answer this question correctly we must understand the basic needs life insurance coverage meets …

A life insurance policy is basically meant for breadwinners or persons whose demise will cause hardship for their survivors. Although there are other reasons why people buy life policies this is the main reason.

Some insurers have certain riders to cater for spouses and dependents. Such riders add term life coverage for such a spouse or dependent. It certainly makes more sense to buy a dedicated term life insurance for such a person if you think it's necessary. You'll almost always get a far lower rate per $ 1,000 coverage for the person in question if you get another complete term life insurance policy.

For the dependent, you really do not need any form of life insurance for a child unless you want to start a foundation in their memory or make a donation to their favorite charity if they pass on. If you're thinking in such lines then you'll serve that cause better by getting another life insurance policy for such a child or dependent instead of a rider.

We can make an exception for rare cases (like child actors) where the family fortunes will be dramatically altered if such a child passes on. Life insurance is a real necessity then. Like I explained when I talked about the main reason for a life insurance policy, such a child contributes considerably to the family's finances. Therefore the loss of that child will result in the loss of such financial contribution with the attendant consequences.

If you've decided to buy a life insurance for yourself, spouse or dependent, you'll get far better rates if you get and compare many quotes from many different insurers. This is because the difference in rates from insurers for a particular policy could range from a few hundreds to a couple of thousand dollars.

If you already have a policy, you can also reduce your current rates by getting and comparing life insurance quotes from insurers you did not get quotes from before you bought your present policy.

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