Smart Phones to Keep The Drive Safe

Smart Technology for Smart DriversWith the use of cell phones and many phone applications, technology is getting bad name when it comes to driving. Lot of distractions will be there while driving because people use their cell phones while driving. Now technology is looking to improve upon safe driving and bring awareness of what is happening on the road.  Many of the companies which are working on technology  and auto manufacturers are exploring the possibilities of car accidents, repairs and  measures for safe driving.

People who use smart phones and are familiar in making good use of the applications can use phone’s camera to point at their business. Along with the business information the phone also shows price points, consumer ratings and other information related to business.

Smart Technology for Smart Drivers!

According to application’s website, the driver can attach the smart phones inside the car so that the camera guides about how the road is further. The display on your phone will be exactly same as how it looks outside the window. It will also display the graphics generated by the computer which show were the lanes are and how much distance is the driver away from hitting the car ahead and in what speed the driver is driving his car. Different color codes are given to measure the distance from one vehicle to another vehicle ahead of you. If the driver is too close to another car,  the color changes from green to yellow to red displaying the distance. If the driver is in danger, very close to clash the car in front of him, an alarming sound is produced from the application. Drivers receive audio warning as well as visual warning.

This application promises the users to reduce the accidents and car insurance claims. This technology is  trying to intimate the driver different kinds of danger he may face while driving. For example: to intimate the driver that an animal is crossing over your car or running  in front of your car  at a distance. Also a detailed report about the foggy, cloudy or any other weather conditions. With the help of right engineering to road safety the enhanced technology would become standard for the upcoming models.

Security is Guaranteed with Underwriting

More security less is the premiumWhen you are buying an insurance policy, you get to hear the word ‘Underwriter’. Underwriter is an insurance person who does underwriting. Many a times an insurer who owns a policy from any insurance company will not be aware that at some point their application passed through an underwriter’s hand. Insurance company is run at high risk. It protects individuals from financial loss occurring due to car accidents, home burglary, property damage, illness and others. Getting involved in such big business, underwriting is one of the most important aspect of insurance process. So, it is necessary to know what an underwriter does and why is it salient, before you shop for an insurance policy.

Underwriting Defined

Underwriting is a process to ensure that the insurance companies charge the right amount of insurance coverage. An underwriter decides if insurance is to be provided, if so, then under what terms. It happens pretty much behind the scene in the company, they are also involved in choosing who the insurance company will not insure. They are employed by the insurance companies. If the company charges too little for the coverage, they will run out of money to pay for the claims but if they charge too much, they will loose customers to competitors. Here an underwriter will provide a helping hand to insurance companies in order to decide accurate prices. He has a vital role in detecting and preventing fraud. They use sophisticated computer software and actual data provided by the customers to evaluate the risk involved, a likelihood and magnitude of payout in insuring a customer over the life of policy.

Handling Underwriting

As underwriting plays a major role in obtaining an insurance policy to protect you and your needs, you need to understand how to handle underwriting process when applying for an insurance policy. Do not lie or provide any wrong information on an insurance application. Carefully think before you provide any details and supply the required information to the company’s underwriting department else it can lead you to be prosecuted for fraud.  Once the form is submitted, an underwriter will contact you to clarify or if in need of more information, respond to them for fast process of your application. Finally, an underwriter will evaluate your risk and will place you on one of the different risk zones. Based on which your premium will be determined. Please note that your insurance policy can be declined based on underwriter’s risk evaluation.