By Joe R. Maldonado

Here are two of the more common car insurance questions answered:

‘What is taxable as far as car insurance?’

In general, any claim settlements made against your car insurance will not be taxable. However, you could receive payments for things like repairing or replacing your car, medical expenses or replacement services such as housekeeping or child care. These payments would be designed to give you compensation and restore you to the place where you were before the accident occurred. You cannot deduct the loss of your income though, because your insurance company will have already compensated you for this.

You may sometimes have to report a settlement as income, and this will be taxable. You should do this if you received anything above the amount needed to repair the damage. You would just report the excess. This is also true for settlements involving bodily injury and rehabilitation.

Always remain compliant with the IRS. Report what you receive, even when it isn’t taxable. Just make sure you report it as income.

Go ahead and get some help from a professional. You may have a unique situation that requires looking at. There may be different rules which apply to your situation.

Here is another one of the most commonly asked car insurance questions:

‘Does my credit rating affect the cost of my car insurance?’

The way in which you handle your bills does actually affect your car insurance premiums.

If you miss a few payments on your credit cards or any other bills your credit score will suffer. This can raise your insurance premiums by as much as 50%! Upon application, your credit gets evaluated by the insurance agency. They will use the information that they find to determine the rate of your insurance premium.

The whole idea here is that they hold a general belief that a person who is responsible with their money will also be a responsible driver. Insurance companies have had experience enough to know that this generally turns out to be the truth.

Many times those who hold an above average credit rating will also be the same people that install anti-theft devices on their cars as well as cautiously follow the rules of the road. These are also the people who will be the most likely to put on their seatbelts before hitting the road.

If you have a bad credit rating, you will be viewed as high risk. This does not just apply to the rules of the road. The insurance agencies also view you as someone who may end up filing an unnecessary claim or trying to quote a claim that is above your actual loss. This is why you have got to be meticulous when it comes to your credit score. Car insurance is not the only area of your life that this will affect. Be careful when it comes to making late payments on anything, and avoid bankruptcy and foreclosure at all costs.

These are just a couple of the frequently asked car insurance questions, and you can find the answers to many more of them with a simple online search.

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By Dr.Eswararamanan VR

Recently you may have heard about kits that purportedly allow you to convert your gasoline-powered vehicle into a vehicle that runs on water. It sounds unbelievable and too good to be true. While one day it will probably be possible to stick your garden hose in your gas tank and go, running your car on water is actually a bit of a misnomer.

The run your car on water kit is actually a system called the Water4Gas system. This system essentially turns your car into a water hybrid. It uses a small kit that hooks up to your cars battery and the engine. Using a small amount of electricity from your cars battery, it converts the water within the device into HHO. HHO, commonly known as Browns Gas, Hydroxy, or Water-Fuel, is two parts hydrogen and one part oxygen. Browns Gas burns clean (the only byproduct is water) and provides a tremendous amount of energy.

With the cost of gas these days, people are looking for any way possible to save on fueling their vehicles. Rest assured that Water4Gas is a viable alternative. While the big auto companies have yet to pick up on it (or at least they arent telling us if they have), many enterprising individuals are converting their own vehicles and saving a load of cash and help protect the planet. These individuals are sharing their secrets with us for a trifling amount of money. For under $150, you can get the eBook that tells you how to convert your vehicle and the parts you need to do itall of which can be purchased at your local hardware store. The process is said to be so easy that just about anybody can do it. Some have even started converting others cars, for a nominal fee, of course.

Most people think of hydrogen cell vehicles when they think of cars powered by water. While it is true that this technology exists, it is not yet perfected and may still be somewhat dangerous. Regardless, hydrogen cell vehicles are still a good 2-3 years away from being available on the market and will probably be unbelievably expensive when they finally debut. Water4Gas is a system that you can install today and it immediately begins saving you money.

We all want to save money on gassing up our vehicles. Far too many of us have accepted the fact that the days of cheap gas are gone and we just cant go out as much as we used to. Instead of confining yourself to your house in order to save on gas, you can easily convert your car into a water hybrid. Water4Gas systems are easy to install and if you cant do it yourself you should be able to easily find a mechanic to do it for you. Either way, these systems often double your cars gas mileage right off the bat. If you are looking for a way to get back into your old driving habits, a Water4Gas system may be the way to go.

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Water Hydrogen Conversion Kit For Cars

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