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October 29, 2024

What is a GAP waiver? When financing a vehicle, many people don’t realize that the car’s value can drop faster than they pay down their loan.

This can lead to a ‘gap’ if the car is totaled or stolen, leaving them owing more than the car is worth. A GAP waiver steps in to cover this difference, offering peace of mind when the unexpected happens.

But what exactly is a GAP waiver, and how does it work? To put it simply, a GAP waiver, also known as Guaranteed Asset Protection, is an add-on to a car loan or lease.

And it helps cover the ‘gap’ between the amount owed on a vehicle and its actual cash value if the car is totaled or stolen.

Without a GAP waiver, drivers might be responsible for paying the difference out of pocket, which can be a financial burden, especially with how quickly new cars depreciate.

When you buy or lease a car, the car’s value starts depreciating the moment you drive it off the lot. If an accident or theft occurs early in the loan term, you could owe more than what the insurance company is willing to pay out, since insurance usually covers only the current market value of the car, not the original loan balance.

Here, we’ll dive into how a GAP waiver works, who might need it, and the benefits it can provide for car owners. Understanding these details can help you decide if a GAP waiver is a smart addition to your auto loan or lease.

How Does Gap Waiver Work?

A GAP waiver helps if your car is totaled or stolen and you owe more on it than what your insurance will pay.

When you finance or lease a car, it’s common for the car’s value to drop quickly. If an accident or theft happens, your insurance usually covers only the car’s current value.

And this might be less than the remaining loan or lease balance. This difference is called the “gap.”

With a GAP waiver, that gap is covered. For example, if your insurance pays $15,000 for a totaled car, but you still owe $18,000. The GAP waiver would cover the $3,000 difference. This way, you won’t be left paying for a car you no longer have.

You can usually buy GAP coverage from the dealership or lender when you get your car loan or lease. Some leases may even include it automatically.

However, GAP waivers don’t cover all expenses, like your insurance deductible or any missed payments on the loan. Their main purpose is to handle the difference between what your insurance pays and what you still owe.

What Does A GAP Waiver Cover?

A GAP waiver helps protect you financially if your car is stolen or declared a total loss after an accident. It covers the “gap” between the amount you still owe on your loan and what your auto insurance pays out, which can be less due to depreciation. GAP waivers generally cover:

Remaining Loan Balance
Total loss payouts
Financed Add-Ons
Unpaid Taxes or Fees
Insurance Deductibles

This protection can be very helpful, especially for new cars that quickly lose value, as it prevents you from being stuck with a loan balance on a car you no longer own.

What Is Not Covered by GAP Waivers?

GAP waivers offer specific protection, but there are some costs they don’t cover:

Past Due Loan Payments
Maintenance Costs
Insurance Premiums
Traffic Tickets and Fines
Excessive Loan Balances
Interest After Car Loss
Late Charges and Legal Fees

It’s best to review your policy closely to understand exactly what is and isn’t included to avoid surprises later.

What Is the Difference Between A GAP Waiver And GAP Insurance?

While both GAP waivers and GAP insurance cover similar situations, there are important differences:

GAP Waiver

This is generally included in a loan or lease agreement from a lender or dealership. If your car is totaled, the lender waives the amount left on your loan, covering the gap without asking you for the remainder.

GAP Insurance

This is a separate policy you can buy through your car insurance provider. Like a waiver, it covers the difference between the car’s current market value and what’s left on the loan. But you get it through an insurance provider instead of through the lender.

In both cases, the goal is to help you avoid paying off a loan for a car that you can’t use, but a GAP waiver is tied to the loan agreement, while GAP insurance is a standalone policy.

Which Should I Choose: GAP Waiver or GAP Insurance?

Choosing between a GAP waiver and GAP insurance can depend on your lender’s rules and your personal preferences.

Some lenders requires it in the loan agreement, meaning it’s built into your loan terms.
If the lender doesn’t require it, you can compare the costs of adding GAP insurance to your existing car insurance policy, which can sometimes be less expensive.

The decision often depends on the lender’s requirements and your own financial situation.

Bottom Line

A GAP waiver can be a valuable safety net if you have a car loan or lease. It helps cover what’s left on the loan if your car is totaled or stolen and insurance doesn’t cover the full amount. This coverage provides peace of mind and protects you from unexpected financial burdens after a serious car loss.

Many car insurance companies offer GAP coverage, so it’s worth comparing options to find the best deal. If you already have car insurance, ask your provider how much it would cost to add GAP insurance to your policy if a GAP waiver isn’t part of your loan.

Engineering Scholarships – Top Scholarships to Apply For

SCHOLARSHIP

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October 28, 2024

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Engineering Scholarships – Top Scholarships to Apply For

Engineering Scholarships – Engineering is one of the most impactful and dynamic fields, with its ability to shape the world through innovation, design, and problem-solving. As industries evolve, the demand for skilled engineers continues to rise.

However, pursuing a degree in engineering can be costly, making it very challenging for many students to finance their education. To help alleviate the financial burden, numerous organizations, foundations, and corporations offer engineering scholarships to support aspiring engineers.

Whether you’re a high school senior, an undergraduate student, or a graduate student, numerous opportunities are available to support your engineering education.

Importance of Engineering Scholarships

Engineering scholarships serve a vital role in supporting the education and training of future engineers. By providing financial aid, these scholarships help to:

Reduce the cost of tuition, books, and living expenses
Create opportunities for students to focus on their studies without the worry of financial stress
Encourage diversity and inclusion in engineering fields
Contribute to the growth of the engineering workforce, which is crucial for global development and innovation
Support students who demonstrate academic excellence, leadership, and a passion for engineering.

Top Engineering Scholarship Providers For Students

If you are a student in the field of engineering looking to finance and further your way through higher education, here are some scholarship providers you can check out:

American Institute of Chemical Engineers (AIChE) Scholarships

AIChE readily provides scholarships specifically for chemical engineering students. One notable award is the Minority Affairs Committee (MAC) Scholarship, which aims to promote diversity in chemical engineering. Furthermore, their awards typically range from $1,000 to $5,000, and applicants are judged based on academic achievement, leadership, and commitment to the field.

National Society of Professional Engineers (NSPE) Scholarships

NSPE is another provider that offers a range of scholarships for undergraduate and graduate students pursuing engineering degrees. The NSPE Education Foundation supports multiple scholarships, including the Maureen L. & Howard N. Blitman, P.E., Scholarship to Promote Diversity in Engineering.

Society of Women Engineers (SWE) Scholarships

SWE is also a top provider that offers scholarships to women pursuing undergraduate or graduate degrees in engineering, technology, or computer science. What’s more, the scholarships are designed to promote gender diversity in the engineering workforce.

American Society of Civil Engineers (ASCE) Scholarships

The ASCE provides numerous scholarships for civil engineering students and they aim to support both undergraduate and graduate students. With awards such as the Freeman Fellowship and the Eugene C. Figg, Jr. Civil Engineering Scholarship, their amounts range from $2,000 to $10,000, based on academic achievements and more.

Google Lime Scholarship for Engineers with Disabilities

For students with disabilities pursuing degrees in engineering or computer science, Google offers the Lime Scholarship to support their recipients. Moreover, they receive up to $10,000 in scholarship funds, and they also gain access to the Google Scholars’ Retreat.

Tau Beta Pi Scholarships

Tau Beta Pi, the engineering honor society, offers scholarships and fellowships to members pursuing undergraduate or graduate engineering degrees. Additionally, Tau Beta Pi also provides opportunities for professional development and networking within the engineering community.

The Institute of Electrical and Electronics Engineers (IEEE) Scholarships

IEEE offers scholarships and fellowships for students pursuing electrical engineering or computer science degrees. These scholarships, such as the IEEE Power and Energy Society Scholarship Plus Initiative, provide financial support as well as career development opportunities.

The Boren Awards for International Study

The Boren Awards offer scholarships and fellowships for students interested in gaining experience in international settings. Furthermore, students pursuing STEM degrees, including engineering, are encouraged to apply for these awards, which support long-term academic study and research abroad.

National Action Council for Minorities in Engineering (NACME) Scholarships

NACME provides scholarships to underrepresented minority students pursuing engineering degrees. Through partnerships with universities and corporations, NACME offers both financial assistance and access to internships and professional development.

Lockheed Martin STEM Scholarship

Lockheed Martin is a global aerospace and defense company that also offers scholarships for students pursuing STEM degrees, with a focus on engineering and technology. Additionally, the Lockheed Martin STEM Scholarship provides $10,000 annually to 200 recipients, with the potential for renewal each year.

How to Apply for Engineering Scholarships

Here are actionable steps you can take to apply for engineering scholarships:

Research Opportunities Early

You can take the first step by researching available engineering scholarships that match your academic and career goals. Secondly, you must pay close attention to eligibility criteria, application deadlines, and required documents.

Prepare a Strong Application

Many scholarship applications often require a personal statement or essay, recommendation letters, and proof of academic achievements. Hence, you must take the time to craft a compelling personal statement that highlights your passion for engineering, your accomplishments, and how the scholarship will help you achieve your career goals.

Seek Recommendations

Many scholarships require letters of recommendation from professors, advisors, or industry professionals. You can select individuals who can speak of your technical abilities, work ethic, and potential in the engineering field.

Focus on Academic Performance

Many engineering scholarships prioritize academic achievement. As a result, maintaining a high GPA and excelling in coursework can significantly improve your chances of receiving scholarships. In addition, stay focused on your studies and seek out opportunities to showcase your engineering skills.

Demonstrate Leadership and Community Involvement

In addition to academic success, scholarship committees often look for students who demonstrate leadership and community involvement. Furthermore, participation in engineering clubs, internships, and other extracurricular activities can strengthen your scholarship application.

Frequently Asked Questions

Here are some frequently asked questions you can check out:

Are engineering scholarships available for international students?

Yes, many engineering scholarships are open to international students, especially those offered by universities and global organizations. Still, ensure you review the eligibility criteria for each scholarship to confirm whether international students can apply.

What GPA do I need to qualify for engineering scholarships?

The GPA requirement varies depending on the scholarship. Nevertheless, some scholarships may require a minimum GPA of 3.0, while others might have higher or lower thresholds.

Can I apply for multiple engineering scholarships at once?

Yes, you can apply for as many scholarships as you qualify for. It’s recommended to apply for multiple scholarships to increase your chances of receiving financial aid.

Stem Scholarships – APPLY NOW

SCHOLARSHIP

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October 28, 2024

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What are STEM Scholarships? Pursuing a degree in a STEM (Science, Technology, Engineering, and Math) field can be both intellectually rewarding and highly lucrative. With so many advancements in technology and innovation at the forefront of many industries, STEM professionals are in high demand.

However, the cost of obtaining a STEM education can be a major challenge for many students. Fortunately, there are wide arrays of scholarships available to support those interested in STEM careers. What’s more, these scholarships are designed to help students overcome financial barriers, encourage diversity in STEM fields, and foster the next generation of scientists, engineers, technologists, and mathematicians.

Why STEM Scholarships Matter

STEM fields play a critical role in driving innovation and progress across the globe. In the digital age we live in currently, these STEM professionals will continue to be in high demand.

However, the financial burden of obtaining a degree in these areas can be daunting, especially for underrepresented groups such as women and minorities. Hence, STEM scholarships are very important because they help to:

Ease financial strain for students
Support the pursuit of innovation and research in critical fields
Increase diversity within STEM professions
Encourage students to contribute to technological advancements and societal problem-solving.

Top 10 STEM Scholarship Providers

Here is a list of some of the top STEM scholarship providers for students in need:

NSF Graduate Research Fellowship Program (GRFP)

The NSF GRFP provides financial support to graduate students pursuing research-based master’s and doctoral degrees in STEM fields. Furthermore, it offers an annual stipend of $37,000 and covers tuition and fees for up to three years.

Society of Women Engineers (SWE) Scholarships

SWE offers multiple scholarships to women pursuing degrees in engineering, computer science, and other STEM fields. What’s more, these scholarships range from $1,000 to $15,000 and are available to both undergraduate and graduate students. Their major aim is to increase female representation in engineering and technology.

SMART Scholarship Program

The SMART (Science, Mathematics, and Research for Transformation) Scholarship offers full tuition and a generous stipend to students pursuing degrees in STEM fields. Recipients also receive internships and are guaranteed employment with the Department of Defense upon graduation. Positively, it makes it an excellent option for students interested in public service.

Barry Goldwater Scholarship

The Barry Goldwater Scholarship is one of the most prestigious scholarships for students pursuing research careers in natural sciences, mathematics, and engineering. Each year, the foundation awards up to $7,500 per recipient, focusing on those who demonstrate strong potential in scientific research.

Google Women Techmakers Program

This scholarship program is designed to empower women in technology by providing financial support, mentorship, and access to career development opportunities. Furthermore, women pursuing computer science, computer engineering, or related technical fields can receive up to $10,000 in scholarship funds.

Hispanic Scholarship Fund (HSF) Scholar Program

HSF provides scholarships to Latino students pursuing degrees in STEM fields. Furthermore, the scholarship amounts range from $500 to $5,000 and are based on academic merit, financial need, and community involvement.

Microsoft Scholarship Program

Microsoft offers scholarships to students pursuing degrees in computer science and related STEM disciplines. These scholarships are based on academic excellence, leadership, and passion for technology. Additionally, the awards can be partial or full tuition and are open to underrepresented groups such as women, minorities, and individuals with disabilities.

National Defense Science and Engineering Graduate (NDSEG) Fellowship

Funded by the Department of Defense, the NDSEG Fellowship provides full tuition, a stipend, and health insurance for students pursuing doctoral degrees in STEM fields.

The National GEM Consortium

The GEM Fellowship Program provides financial support to underrepresented minority students pursuing graduate degrees in engineering and applied sciences. Moreover, this fellowship offers full tuition coverage, a stipend, and opportunities for internships at leading corporations.

Google Lime Scholarship

The Google Lime Scholarship supports students with disabilities pursuing degrees in computer science and other STEM fields. Award amounts vary, and recipients also gain access to Google’s scholars’ retreat, where they can connect with industry leaders and receive career guidance.

How to Apply for STEM Scholarships

Here is a step-by-step guide on how you can apply for a STEM scholarship opportunity:

Research Scholarship Opportunities

You can start by identifying STEM scholarships that align with your field of study, background, and academic goals. Many scholarship providers have specific eligibility criteria, such as gender, ethnicity, or disability status, so it’s essential to review these requirements before applying.

Prepare All Required Documents

Most STEM scholarship applications will require your transcripts, letters of recommendation, and a personal statement. Also, they may request proof of financial need if applicable. Be sure to gather these documents early in the application process.

Modify Your Personal Statement

Most scholarships often require a personal statement or essay. So, you can use this opportunity to showcase your passion for STEM, highlight your achievements, and explain how the scholarship will help you reach your goals.

Meet Deadlines

Scholarship deadlines vary widely, so it is very important to stay organized. In fact, you can mark deadlines on your calendar and aim to submit your applications well in advance to avoid last-minute issues.

Seek Letters of Recommendation

Most STEM scholarships require letters of recommendation from teachers, mentors, or employers. So, select individuals who know you well and can speak to your academic abilities, leadership skills, and potential in STEM fields.

Frequently Asked Questions

Here are some frequently asked questions you can check out:

Are STEM scholarships only available to students pursuing degrees in specific fields?

Many STEM scholarships focus on specific fields such as engineering, computer science, or mathematics, but others have broader eligibility criteria. Always check the specific requirements of each scholarship to determine if your major qualifies.

Can international students apply for STEM scholarships?

Some STEM scholarships are open to international students, while others are restricted to U.S. citizens or permanent residents. Hence, you should review the eligibility criteria for each scholarship to confirm your status.

Can I apply for multiple STEM scholarships at once?

Yes, you can apply for as many scholarships as you qualify for. In fact, it’s recommended to apply for multiple scholarships to increase your chances of receiving financial aid.

Can You Have Multiple Life Insurance Policies?

INSURANCE

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October 28, 2024

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Can You Have Multiple Life Insurance Policies?

Can I have multiple life insurance policies? Having more than one life insurance policy might seem like a good way to increase your financial protection, but can you actually have multiple policies? And is it the best choice?

In this post, we’ll explore how many policies you can hold and whether it’s wise to consider multiple policies. So stay with us to learn more.

Yes, it is possible to have multiple policies; there’s no law preventing you from purchasing a combination of different policies.

If it’s within your budget, holding multiple policies could offer added security for you and your family. But before deciding, it’s essential to understand how having multiple policies works and whether it aligns with your financial goals.

How Many Policies Can I Have At Once?

You can have as many policies as you want; there is no legal limit to it. However, keep in mind that if your situation changes later in the future, it is possible to be covered properly by your existing policy.

So, while you can have as many policies as you like, there may be better options to consider.

Why Would I Want To Have Multiple Life Insurance Policies?

You may want to have multiple policies due to several situations, which include:

To get maximum coverage over your financial responsibilities, such as college fees and mortgages, if your current insurance doesn’t cover them.
You have stopped smoking or you have positive changes in your health, and you want better premiums while on your old policy.
You want to purchase two single policies instead of a joint policy.
You require more than one protection shortfall.

Do You Need Multiple Life Insurance Policies?

Although it is possible to have multiple policies, it is not advisable. Life insurance premiums are determined based on the provided policyholder’s health history information at the time the policy was taken.

Paying the same premiums for multiple policies is not guaranteed because you would be older than you were when the first policy was purchased.

Moreover, most customers prefer to keep to their existing policy through their changing needs.

When To Consider Multiple Life Insurance Policies?

There are several situations where you should consider multiple life insurance policies. These situations include:

Major life events.
Long-term care planning.
Employer-paid vs. individual policies.
Estate planning.
Term planning.

In these cases, it is a good idea to have multiple policies to give you enough coverage.

Can We Have Multiple Life Insurance Policies As A Couple?

While joint life insurance is designed especially for couples, couples often ask if they can purchase multiple life insurance policies.

However, couples can have more than one life insurance policy. Joint life insurance covers two persons and pays out a death benefit after the death of the first insured person on the policy term but after it ends.

Purchasing two single life insurance policies means the other partner would be covered after the first death.

How To Control Multiple Life Insurance Policies?

It seems overwhelming to manage multiple policies, but controlling your coverage can help you avoid over-insurance and maintain insurance affordability. However, the following are two ways to control your multiple policies:

Avoid overinsurance.
Maintain affordability.

With these two steps, you can easily manage your policies.

Can I Purchase Multiple Life Insurance Policies From Different Insurance Companies?

Yes, it is possible to get multiple policies from different insurance companies. Just as no law forbids the idea of taking multiple policies, no law forbids getting multiple policies from different insurance companies.

It is possible to file claims on each policy when it is needed. But keep in mind that you may qualify for a better deal if you purchase multiple life insurance policies from one insurance company. They may offer discounts for taking additional coverage with them.

Can You Have Multiple Policies From The Same Company?

Yes, you can have multiple policies from the same company. Doing this can get you qualified for discounts and create a larger death benefit amount for your dependents after you pass away.

Using the same insurer can be very helpful because your entire policy will be kept in the same place.

However, you can also get life insurance from different insurance companies; there’s no law preventing that.

Why Parents Need Life Insurance

INSURANCE

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October 28, 2024

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Why do parents need life Insurance? Parents have many reasons to consider life insurance. Moreover, from the moment children are born, parents work tirelessly to protect them, and this need for security often grows as children get older. Life insurance offers a way to continue that protection, even when you’re no longer around.

A life insurance policy helps ensure your children are financially supported if you’re not there to provide for them. It pays a death benefit that can cover various expenses, such as burial costs, college tuition, and daily living expenses. This article outlines the key reasons life insurance is essential for parents.

Why Parents Should Buy Life Insurance?

Parents often focus on ensuring their children’s financial stability for a time when they’re no longer able to provide for them.

Life insurance offers essential support in this regard, giving your family something to rely on after you pass away. It does this by providing financial protection for your children and loved ones.

Additionally, life insurance can be especially important for single parents or parents of children with special needs. It helps create a financial safety net for their children when they’re no longer there to provide support.

Reasons Why Parents Need Life Insurance

As a parent, it is important to prepare against unexpected deaths and prevent leaving your children in financial hardship. In the meantime, here are some reasons why you should consider opting for life insurance:

Day-To-Day Life Cost Coverage

Generally, your children depend on you almost 100% for all their needs and call on you, especially if they are not financially independent.

Unfortunately, you will not be there to meet their financial needs after you pass away. For this reason, parents need life insurance coverage to keep them financially stable after they can no longer do so.

To Leave An Inheritance For Your Kids

Every parent wants to leave an inheritance for their children after they pass away. While money isn’t everything, you would like to see your children financially protected after you pass away. Life insurance makes this very easy to do.

To Settle Debts

Parents do not want their children to be burdened with their debt after they pass away. Irrespective of the type of loan you have taken and you are paying off, life insurance payouts cover these debts, preventing your dependents from paying them off.

To Guarantee Burial Expenses

Instead of your children bearing the burden of your burial expenses on their shoulders, you can work towards this.

Life insurance payouts can be used by your children to pay off your burial expenses, keeping your family financially stable after your burial.

How Does Life Insurance Protect My Family?

If you have any outstanding debt, like a mortgage or car loan, you would not want your family to carry the burden of paying off these debts.

However, life insurance death benefits cover these debts as well as other expenses like maintaining household bills, college bills, burial bills, and so on.

It also ensures your family remains financially running after you are gone, especially if your family depends on you financially.

Therefore, taking a life insurance policy helps your family and reduces the impact of your death on your family.

What Life Insurance Does After You Pass Way

If you unexpectedly pass away due to a severe illness or naturally, life insurance can help cover a lot of things. These include:

Manages outstanding debts.
Protects your family when you no longer can.
Reduces stress during difficult times.
Allow your family to maintain their lifestyle.

Because of this, peace of mind is guaranteed for parents that their family will remain financially safe after they are gone.

Do Stay-At-Home Parents Need life insurance?

While you may believe only the family’s primary breadwinner needs life insurance. Stay-at-home parents can also take out life insurance policies.

Generally, life insurance is used to replace income in the event of the death of a parent and also to cover family life costs. Another thing life insurance covers is childcare costs.

Do Single Parents Need Life Insurance?

Life insurance has several benefits to fit single parents’ needs when it comes to their children. One of the major benefits is that it ensures your children are looked after if an unexpected thing happens to you.

Another good thing about it is that it allows you to appoint a legal guardian for your children and even decide how you want your children’s inheritance to be shared.

Does Insurance Cover A Stolen Car Battery?

INSURANCE

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October 26, 2024

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Does Insurance Cover A Stolen Car Battery?

Wondering if your insurance will cover a stolen car battery? Car batteries are vital for a working vehicle, so it can be frustrating and unsettling when a battery is stolen. Aside from the hassle, there’s also a financial impact, as car batteries can be expensive.

If your battery has been stolen, you might be asking if your insurance will cover it. Knowing how your auto insurance works can help you understand what’s covered, reduce your losses, and handle the claims process smoothly.

In this post, we’ll look at when car insurance might cover a stolen battery, what types of policies offer this coverage, and why it’s important to report the theft to both your insurance company and the police.

Does Insurance Cover A Stolen Car Battery?

Whether or not auto insurance covers stolen batteries is contingent on the type of policy you have.

If you have comprehensive coverage and your battery was stolen, the cost of replacement will be covered by your insurer.

Along with coverage for stolen vehicles, comprehensive coverage also pays for any damage incurred to your vehicle up to the limit of your policy.

However, in the event of a claim, you will be required to pay the deductibles before the insurer pays for the remaining cost.

On the other hand, if you do not have comprehensive coverage on your auto insurance and your battery gets stolen, you will have to pay out-of-pocket for the damage and expenses involved.

Why Do Thieves Steal Car Batteries?

Car batteries are easily prone to theft because they have a high demand and resale value in the black market, making them an easy target for thieves.

They often contain valuable materials such as lead and acid, which can be sold at a profitable amount of money to scrap yards or recycling facilities.

Furthermore, stolen batteries are often used to power other cars and machinery. This however makes it a viable target for criminals hoping to make quick money.

The easy removal of car batteries, coupled with the fact that many cars are left unattended to for a short period of time, also encourages theft, as it takes little time or effort on the part of the thief.

How To Prevent Battery Theft

Stolen batteries often leave car owners in a discomforting state. Upon recognizing this issue, we have helped to curate tips on how to score your battery and avoid theft.

Buy A Battery Lockbox

A battery lockbox is a safe container made especially to deter thieves from stealing car batteries. When your battery is encased in a lockbox, it would be considerably harder for criminals to remove quickly and cart away with.

Install An Alarm System

Alarm systems often survive as a deterrent to thieves. Through loud sound made whenever someone tries to tamper with your car, it would ultimately prevent a lot of risk and damage.

Most contemporary alarm systems also allow you to receive alerts on your phone, which lets you react fast to any suspicious activity.

Use A Hood Lock

A hood lock increases security by keeping others from entering your car’s engine compartment without authorization.

The likelihood of criminals stealing the battery is reduced if they have difficulty opening the hood.

Park In A Safe Place

Parking in busy, well-lit places improves visibility and lowers the risk of theft. Avoid parking in isolated areas and leaving your car alone for extended periods of time.

This would help to reduce your chances of becoming a victim of stolen batteries.

Install A Security Camera

A security camera that is clearly visible can discourage potential thieves. Being aware that they are being watched might deter crime and reduce the appeal of your car to would-be thieves.

Enlist Your Neighbors

Organizing a neighborhood watch with your neighbors can improve local security. You make your vehicles safer by keeping an eye out for one another. Also, exchanging information about questionable activity, and reporting anything out of the ordinary is a good idea too.

What Do I Do If My Car Battery Gets Stolen?

In the event of a battery theft, the first step you need to take is reporting the incident to the police.

Although making a report to the police or any other authority does not guarantee that your battery will be recovered.

Rather, it enables the police within your location to stay on guard and be on the lookout for related issues.

Once you have filed a police report, you can then reach out to your insurance company and provide detailed information about the incident.

You can provide evidence by supporting your claim with the police report and pictures that show your battery was stolen.

Remember, you can only be covered in a situation like this if you have comprehensive coverage.

Frequently Asked Questions

Do I Need To File A Police Report For Stolen Battery?

Yes, it is advisable to report to the police as soon as you discover that your car battery was stolen. Most insurance companies also require a police report when processing a claim for stolen batteries.

What Will Happen If I Don’t Have Comprehensive Coverage?

In a situation where the type of policy you have does not cover stolen batteries, the cost of repairs and replacement will be out of your personal pocket.

There may be other alternatives, like local resources and community programs that help with replacement costs. Check if this option is available for you.

Can I Prevent My Car Battery From Being Stolen?

In order to reduce and prevent battery theft, we encourage car owners to use a better lockbox, install car alarms, and park in a secure place.

There are other safety measures we highlighted in this article; you can check them out.

Women In Stem Scholarships – APPLY NOW

SCHOLARSHIP

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October 26, 2024

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Women In Stem Scholarships – The fields of Science, Technology, Engineering, and Mathematics (STEM) have always been male-dominated for the longest time. However, there are more and more women are making strides in these disciplines and careers. Unfortunately, despite these advances, women still face significant barriers to entry and success in STEM fields, including financial constraints and gender bias.

One crucial way to encourage more women to pursue STEM careers is by offering scholarships designed to support them. Women in STEM scholarships provide financial assistance and serve as recognition of the potential and talent that female students bring to these fields.

The Importance of Women in STEM Scholarships

The scholarships specifically designed for women in STEM play a vital role in closing the gender gap in these fields. They provide not only financial assistance but also recognize the unique challenges women face when pursuing STEM careers.

With the help of these scholarships, institutions and organizations continually inspire more young women to break into and succeed in areas such as engineering, computer science, mathematics, and biotechnology. What’s more, many of these scholarships also focus on encouraging underrepresented groups, such as women of color or first-generation students.

Top Scholarship Providers for Women in STEM

Here are some of the top scholarship providers that open their doors of opportunities to women in STEM:

The Society of Women Engineers (SWE) Scholarship

The Society of Women Engineers (SWE) is one of the largest organizations dedicated to supporting women in engineering and technology. This organization plays a role in offering multiple scholarships to female undergraduate. And graduate students pursuing degrees in engineering, computer science, or other STEM fields.

The BHW Group Women in STEM Scholarship

The BHW Group offers an annual scholarship for women who pursue undergraduate or graduate degrees in STEM fields. Furthermore, the award is $3,000 and is open to students studying computer science, information systems, and related fields.

AAUW Selected Professions Fellowship

The American Association of University Women (AAUW) offers the Selected Professions Fellowship, which is available to women pursuing master’s degrees in STEM fields. This is particularly in engineering, mathematics, and computer science. Moreover, the fellowship offers up to $18,000 and prioritizes applicants from underrepresented communities.

Google Women Techmakers Scholars Program

Google’s Women Techmakers Scholars Program (formerly known as the Google Anita Borg Memorial Scholarship) is designed to support women pursuing degrees in computer science, computer engineering, and related fields. Recipients receive financial aid, participate in workshops and retreats, and are mentored by Google professionals.

Microsoft Women in STEM Scholarship

Another scholarship provider for women in STEM is Microsoft as it provides multiple scholarship opportunities to women studying computer science, engineering, and related disciplines. The scholarship offers tuition support as well as access to mentorship programs and internships with Microsoft.

The Brooke Owens Fellowship

The Brooke Owens Fellowship is a unique opportunity for women interested in space and aviation. What’s more, it offers undergraduate women paid internships at leading aerospace companies, as well as mentorship and networking opportunities.

Girls Who Code College Loop Scholarship

Girls Who Code is another scholarship organization that aims to close the gender gap in technology. They offer scholarships to women pursuing degrees in computer science and related fields. Additionally, the Girls Who Code College Loop scholarship provides financial support, mentorship, and access to an extensive network of women in technology.

The Palantir Women in Technology Scholarship

Palantir Technologies also offers the Women in Technology Scholarship, which is designed to encourage women to pursue careers in technology. Recipients receive financial aid and the opportunity to attend a developmental workshop at Palantir’s headquarters.

Amelia Earhart Fellowship

the Amelia Earhart Fellowship is offered by Zonta International and is awarded to women pursuing doctoral degrees in aerospace-related sciences or engineering. Moreover, the fellowship provides $10,000 to 30 women annually and encourages women to achieve leadership positions in aerospace research and development.

The Women Tech Council Scholarship

This scholarship provider not only provides financial assistance but also offers mentorship opportunities and access to networking events with professionals in the tech industry. Also, the WTC is committed to increasing female representation in technology careers.

Benefits of Women in STEM Scholarships

Here are some of the top benefits women get when they get the opportunity of a STEM scholarship for women:

Financial Support: One main benefit is financial support, which can help cover tuition, books, and other educational expenses. This allows students to focus more on their studies and less on the financial strain of their education.
Networking Opportunities: Many women in STEM scholarships come with opportunities to connect with professionals, mentors, and peers in the industry. This network can be highly useful for career development, offering guidance, job opportunities, and mentorship.
Recognition and Prestige: Winning a scholarship can be a significant addition to a student’s resume. Long term, it shows excellence in academic and extracurricular activities and also demonstrates a commitment to overcoming challenges and pursuing a career in a male-dominated field.
Access to Exclusive Internships: These internships from providers offer hands-on experience, which is essential for students to build their careers in STEM fields.
Encouragement for underrepresented groups: Women of color, first-generation students, and women from underrepresented groups are often the focus of specialized scholarships. This helps to diversify the STEM workforce and ensure that a broader range of perspectives are represented in the fields of science and technology.

Frequently Asked Questions

These are some frequently asked questions you can check out:

Who is eligible for Women in STEM scholarships?

The eligibility criteria vary by program. Some scholarships may have additional criteria based on academic performance, financial need, or specific demographics like women of color or first-generation students.

Can I apply for multiple Women in STEM scholarships?

Yes, you can. Students are encouraged to apply for multiple scholarships to increase their chances of receiving financial aid. Also, it is very important to ensure that each application is tailored to the specific scholarship’s requirements and mission

How can I apply for Women in STEM scholarships?

Most scholarship providers require applicants to submit an online application, which often includes an essay, academic transcripts, and letters of recommendation. Moreover, it is essential to carefully follow the application instructions and deadlines outlined by each scholarship provider.

Fully Funded Scholarships – APPLY NOW

SCHOLARSHIP

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October 26, 2024

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Fully Funded Scholarships are mainly opportunities for financially independent education across the globe. Pursuing higher education can be a significant financial burden for many students worldwide. In addition, the cost of tuition, accommodation, books, and living expenses often leaves students and their families overwhelmed.

However, fully funded scholarships offer an incredible opportunity for deserving students to pursue their academic dreams without worrying about finances. What’s more, these scholarships cover tuition fees and typically provide additional support for accommodation, books, travel, and sometimes even a living stipend.

What Are Fully Funded Scholarships?

A fully funded scholarship is a financial aid package that covers all the costs associated with pursuing higher education. These scholarships go way beyond just paying for the candidate’s tuition. They also often include coverage for living expenses, travel, health insurance, and sometimes even funds for research, internships, or conferences.

Furthermore, many organizations, governments, and educational institutions offer these fully funded scholarships to attract exceptional students. These scholarships are often highly competitive, requiring a strong academic record, leadership skills, extracurricular involvement, and sometimes financial need. Some are available to international students, while others may target specific demographics or regions.

Top Scholarship Providers for Fully Funded Scholarships

Meanwhile, take a look at the list of some of the providers for fully funded scholarships:

Chevening Scholarships (UK)

Chevening Scholarships are famous prestigious awards funded by the UK government to support international students who wish to pursue a master’s degree at any university in the United Kingdom. These scholarships cover full tuition fees, travel expenses, accommodation, and a living stipend. What’s more, Chevening scholars are selected based on leadership potential and academic excellence, and they become part of a global network of professionals.

DAAD Scholarships (Germany)

The German Academic Exchange Service (DAAD) also offers fully funded scholarships for international students who wish to study in Germany. DAAD provides support for master’s and Ph.D. programs in a wide range of disciplines. Also, the scholarship covers tuition, living expenses, travel costs, health insurance, and in some cases, language courses.

Fulbright Program (USA)

The Fulbright Program is sponsored by the U.S. government and it offers fully funded scholarships for international students to study in the United States. Moreover, the program is available for various academic levels, including master’s, Ph.D., and post-doctoral studies. The scholarship covers tuition fees, travel expenses, living costs, and health insurance.

Australia Awards Scholarships (Australia)

Funded by the Australian government, Australia Awards Scholarships provide fully funded opportunities for students from developing countries to study at Australian universities. In addition, the scholarship covers tuition fees, travel, living expenses, health insurance, and a one-time establishment allowance.

Erasmus Mundus Joint Master Degrees (EU)

The Erasmus Mundus program is another provider that offers fully funded scholarships for students who want to pursue joint master’s degrees at multiple universities across Europe. Their program covers tuition fees, travel costs, a living stipend, and insurance.

Swiss Government Excellence Scholarships (Switzerland)

The Swiss Government offers fully funded scholarships for international students who wish to pursue postgraduate studies or research in Switzerland. The program is open to students across various disciplines and aims to promote research collaboration between Switzerland and other countries.

Rhodes Scholarship

The Rhodes Scholarship is another highly prestigious fully funded scholarship, available to international students who wish to study at the University of Oxford. The scholarship covers tuition fees, living expenses, travel costs, and additional support for personal development.

Gates Cambridge Scholarship

The Gates Cambridge Scholarship is another one of the most prestigious scholarships in the world, funded by the Bill and Melinda Gates Foundation. This fully funded scholarship supports international students who wish to pursue postgraduate degrees at the University of Cambridge. Also, the scholarship covers tuition, living expenses, travel, and research grants.

Turkiye Burslari Scholarships

The Turkiye Burslari (Turkey Scholarships) is also a fully funded program that offers scholarships to international students at undergraduate, master’s, and Ph.D. levels in Turkey. The scholarship covers tuition fees, monthly living expenses, accommodation, travel costs, and health insurance.

Joint Japan/World Bank Graduate Scholarship Program

The Joint Japan/World Bank Graduate Scholarship Program offers fully funded scholarships for students from developing countries who wish to pursue postgraduate studies in fields related to economic development. The scholarship covers tuition, living expenses, travel, and health insurance.

Benefits of Fully Funded Scholarships

Here are some of the benefits associated with winning a fully funded scholarship:

Financial Freedom

It allows students to focus on their studies without worrying about the burden of tuition, accommodation, or other expenses. This allows the scholars to dedicate their time and energy to their education and personal development.

Access to World-Class Education

Many fully funded scholarships provide opportunities for students to attend some of the most prestigious universities in the world. Furthermore, these scholarships offer access to high-quality education, research facilities, and expert faculty, which can be transformative for students’ academic and career prospects.

Professional and Personal Development

Other things these scholarship models offer are mentoring, internships, and networking opportunities. These programs are designed to help scholars develop leadership skills, gain practical experience, and grow both personally and professionally.

International Exposure

Many fully funded scholarships, such as Erasmus Mundus and Fulbright, encourage students to study abroad, providing them with the opportunity to experience different cultures, broaden their global perspectives, and build international networks.

Building Global Networks

Fully funded scholarships often connect students with like-minded individuals from around the world. Eventually, this creates a global network of scholars and it can lead to future collaborations, friendships, and professional opportunities.

Frequently Asked Questions

Here are some frequently asked questions you can check out:

Who is eligible for fully funded scholarships?

Eligibility varies by program. Most scholarships are open to students with excellent academic records, leadership qualities, etc. On the other hand, some scholarships may be targeted at students from specific countries, underrepresented groups, or specific academic disciplines.

How competitive are fully funded scholarships?

Fully funded scholarships are very competitive due to the significant financial support they offer. It is important that applicants demonstrate academic excellence, leadership potential, and often a dedication to community service or research. Also, it is very essential to thoroughly research the scholarship requirements and prepare a strong application.

How do I apply for a fully funded scholarship?

Most of these scholarships require an online application process, which may include submission of academic transcripts, personal statements, essays, recommendation letters, and sometimes interviews. It’s important to pay close attention to approaching deadlines and application requirements for each scholarship.

What Is A Collision Deductible Waiver?

INSURANCE

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October 25, 2024

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A collision deductible waiver is an important component of auto insurance that offers policyholders peace of mind and substantial financial protection in the event of an accident.

With this auto insurance feature, drivers can effectively cover the expense that should have been paid out of pocket when they file a claim for damages stemming from a collision.

In essence, it enables policyholders to forgo paying their deductibles in the event of a covered accident.

Notwithstanding, it is essential to be aware of the specifics, advantages, and drawbacks of a CDW in order to ensure that your coverage matches your unique needs.

In this blog post, we will shed more light on the collision deductible waiver. We’ll highlight what it means and how it works, including the pros and cons.

What Is A Collision Deductible Waiver?

A collision deductible waiver, otherwise known as CDW, is usually an optional auto insurance coverage that enables policyholders to waive a collision deductible in the event of a covered accident.

Most insurance companies allow drivers to include CDW as an add-on to their policy for protection against accidents in which they are not at fault.

This insurance feature essentially helps to lessen the policyholder’s financial stress by paying the deductible for the collision claim.

Let’s say you got involved in an accident with a driver who is uninsured or underinsured. This waiver covers the deductible you are supposed to pay out-of-pocket for the damages incurred.

How Does A CDW Work?

Usually, the insurance company you bought your collision deductible waiver from determines how it works.

As mentioned earlier, this feature allows policyholders to waive deductibles when filing a claim stemming from a collision. This means that you do not have to pay out-of-pocket the amount you are required before insurance coverage kicks in.

When a driver covered by this waiver gets into an accident and makes a claim. The insurance pays for all repairs without taking off the predetermined amount that should have been paid before coverage is activated.

This auto insurance feature is very helpful for people who wish to lessen their post-accident financial load.

However, it’s important to note that collision deductible waivers sometimes come with particular eligibility restrictions, such as the sort of accident or the involvement of another party, and may lead to higher rates due to increased risk as perceived by the insurer.

Do I Need A Collision Deductible Waiver?

Whether or not you need a collision deductible would be determined by your risk level and unique driving needs.

While it is not a mandatory but optional feature, we often encourage drivers to include a collision deductible waiver in their auto insurance policy.

By doing this, you need not worry about financial burden if you are involved in a severe accident with an uninsured or underinsured driver.

Also, for those who live in an area where uninsured rivers are on the high side, purchasing a CDW is a smart choice.

Nevertheless, to be on the safe side and ascertain whether you need a collision deductible waiver, we advise that you reach out to an experienced insurance agent.

They are in the best position to offer guidance and proffer options that match your coverage needs and budget.

Pros Of A Collision Deductible Waiver

Adding a CDW to your auto insurance policy is an ideal option. This is especially for those who seek protection in the event of getting into an accident with an uninsured driver.

Highlighted below are some of the advantages of this feature:

It helps eliminate out-of-pocket expenses for deductibles after an accident.
offers financial relief and protection
simplifies the claim process by reducing upfront costs
Highly beneficial to drivers with high deductibles

Cons Of A Collision Deductible Waiver

Undoubtedly, a CDW is an effective strategy that guarantees financial security and peace of mind.

However, while we consider the upsides of this feature, we can’t rule out its disadvantages. Here are some of the drawbacks of a collision-deductible waiver:

There’s a potential for higher premiums
There are cases where you will still be required to pay deductibles, such as accidents you’re deemed responsible for.
Not all auto insurance companies offer this feature.
The collision deductible waiver does not offer coverage for non-collision accidents.

Frequently Asked Questions

How Much Does A Collision Deductible Waiver Cost?

The exact amount you will be charged for a CDW largely depends on the insurance company you are working with. The cost of a CDW differs significantly across multiple insurance companies; hence, the difference in price. Other factors like driving history, overall policy, and amount of our deductibles also affect the cost of a CDW.

When Can’t I Use A CDW?

There are certain scenarios where a CDW is not applicable. For instance, if you are deemed responsible for the accident that occurred. You are required to pay the deductible amount to cover part of the loss and damage incurred.

In addition, if the accident was caused by a hit-and-run driver, it would be difficult to claim a collision deductible waiver.

Although the rule for hit-and-run accidents varies across states, you won’t be able to use your CDW in most cases.

What Happens If I Don’t Have A Collision Deductible Waiver?

If you get into an accident and your auto insurance policy does not include a CDW, you are required to pay the deductible amount out of pocket when filing a claim for the collision.

Is A Collision Deductible Waiver Worth It?

The answer as regards the worthiness of a CDW usually depends on your driving habits and financial obligations.

If you are the type of person who values financial security and wishes to avoid out-of-pocket costs in the event of an accident. Then you should get a collision deductible waiver.

Does Insurance Cover Modified Cars?

INSURANCE

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October 25, 2024

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Does insurance cover modified cars? A lot of car owners who are concerned with the outlook of their car take great satisfaction in personalizing it to improve performance and express their personal style.

But one important point that most car owners fail to recognize is the way in which these changes can affect insurance coverage.

If you are a car enthusiast who seeks to showcase your car with your unique sense of flair, then you must ask yourself this question: ‘Does insurance cover modified cars?’

Not all insurance companies handle modified cars the same way; hence, it is important to know the specifics of modification coverage in order to safeguard your financial future.

In this article, we would discuss whether insurance covers modified cars and other important information that would add to your knowledge.

What Is Car Modification?

Car modification is simply the process of improving the general outlook, performance, and functionality of a car beyond what was originally specified by the manufacturer.

This can entail a variety of modifications, such as the installation of additional technology and safety systems, performance improvements like engine tuning and suspension upgrades, or cosmetic upgrades like custom paint jobs and body kits.

Car modification is often pursued by enthusiasts who want to customize their cars, improve the driving experience, and add more utility to their cars.

Car owners must, however, take into account the potential effects of these changes on coverage and local laws.

Types Of Car Modifications

Car modifications encompass a variety of car component, such as;

Body kits or spoilers
Interior deigns
Lights
Alloy wheels
Car suspension
Sport seats
Tinted windows
Decals
Upgraded exhaust systems
Car tuning
Cold air intake
Fuel additives
Brake upgrades
Light changes
Engine tuning or remapping
Turbochargers or superchargers
Vinyl wraps
Upgraded wheels and tires
LED lighting or underglow kits
Lowering or lifting kits
Adjustable coilovers or air suspension systems

Does Car Insurance Cover Modified Cars?

When calculating how much you’ll pay for auto insurance coverage, most insurance companies factor in the modifications on your vehicle.

This is because modified cars often include features and parts that are expensive and delicate. If you have a modified car, you will be required to either have a custom car insurance policy or a coverage endorsement.

Essentially, modified cars largely affect how much your insurance rate will be as a result of the high repair cost involved.

So, if you are insuring this kind of vehicle, expect to pay a higher premium. However, it is possible to get an affordable rate and discount from several insurance companies if you add safety features to your car.

For instance, if you install anti-theft devices or an alarm system in your car, insurance companies can charge you less for coverage because the risk of insuring your car is lower than expected.

What Modifications Can Lead To Discounts On My Car Insurance?

There are certain car modifications that attract spatial offers and discounts from insurance companies. If your car has a modification that pays attention to safety and security, you can earn discounts from the insurance company you plan to buy coverage from.

Nevertheless, it is important to note that safety features do not guarantee a lower insurance rate.

This is because some features are often expensive to repair and replace, ultimately leading to higher premiums despite it being a safety feature.

So, if you wish to lower the cost of your car insurance, consider the following modifications:

Alarms and security systems
Adaptive headlights
Rearview camera
Parking sensors
Airbags
Antilock braking system (ABS)
Electronic stability control (ESC)
Adaptive cruise control
Traction control
Blind spot monitoring

Type of Insurance for Modified Cars

Comprehensive Insurance: This type of insurance is essential for modified cars as it helps to cover theft, vandalism, and other types of damage incurred to your vehicle.
Collision Insurance: Collision coverage offers protection for damage incurred to your vehicle in the event of an accident. If any of the modified components in your car get damaged, collision insurance may cover it.
Liability Insurance: This type of insurance is specifically designed to protect against claims arising from property damage and bodily injury done to others. Regardless of whether your car has modifications or not, purchasing this coverage is a wise option.
Specialty/Classic Car Insurance: Classic car insurance is designed to offer essential coverage for classic vehicles, specially modified ones.
Custom Parts and Equipment Coverage: While most standard auto insurance policies may not cover the aftermarket parts and modifications, custom parts and equipment coverage offers protection for modified and custom vehicles.

Frequently Asked Questions

Will My Premiums Increase If I Modify My Car?

Your car insurance premium is most likely to increase if you modify your car. Most often than not, modifications lead to higher premiums, and this is because most insurers consider modified vehicles as higher risk.

They often have a potential for increased performance and theft; hence, your premium is likely to go up.

Do I Need Special Insurance For My Modified Car?

For those who seek adequate coverage for their modified cars, including financial security, consider purchasing special insurance.

We highly recommend Classic car insurance, as they offer adequate coverage for modified cars.

What Happens If I Don’t Inform My Insurer About Modifications?

Once an insurance company finds out that you lied during the application or you failed to disclose certain modifications, it can result in severe consequences.

In most cases, your claims will be denied, or you will not be given the exact coverage for the claim. Worst-case scenario, your auto insurance can get cancelled.