Q My car was broken into and some personal items and my phone were stolen. I have submitted an application to my car insurance company. But they said the stolen items – a fitness wearable, a jacket, my phone, and my purse – were not insured. Only two-way radios and the navigation device were included in the content. Is it possible to insure the personal content in your car insurance?
A The security of your car and its contents is becoming more and more demanding as thieves and criminals develop new ways to access vehicles. It may seem obvious, but we can often forget to take gadgets and items out of sight when we leave our car, which then act like magnets for passing opportunists, according to Deirdre McCarthy, manager at MissQuote.ie. Many comprehensive policies offer some content coverage, but this is typically not standard with third-party policies and often does not cover personal items such as cash, cards, maybe tools, or supplies when you use your car for business purposes. Your insurance document will give details of what is covered and what is excluded, Ms. McCarthy said. Policies often also contain conditions tied to the placement or location of items in the car, whether on display or securely locked. Everything you have in view is unlikely to be covered by your insurer.
Q I’ll meet with my finance broker soon to discuss my retirement. I have two pensions due in nine years. Are there any questions I should be asking to make sure my retirement is on the right track?
A Regular pension advice is an important part of keeping your investments on track. The advice is also important to ensure that you are maintaining the correct level of risk for the stage you are at in building your fund and to ensure that you are not paying unnecessary additional fees or charges. Reliable pension advice on a regular basis over the years can have a significant impact on your fund as a whole, rather than just talking to a financial broker at the start, according to Mark Reilly, Royal London Pension Claims Manager. The most important questions that many ask themselves are: How are my investments developing and am I investing enough? It is important to regularly monitor fund performance to ensure that your money is doing its best for you and that you will reach your target fund size by retirement, added Mr. Reilly. When trying to keep track of two policies, ask if there are any benefits to consolidating both to make them easier to manage.
Q A few years ago my wife and I bought shares in IAWS (now Aryzta). With this company on a disastrous track record, these stocks are now almost worthless. We want to sell them just to realize the loss of capital and offset that against other stock gains. These shares are no longer traded on the Irish Stock Exchange and only on the Swiss market. To do this, we need to set up an account with a stockbroker approved for the Swiss market. I suspect this will come at a significant cost. In order to crystallize the loss and make it offset against other stock gains, do we actually have to sell these with the associated costs or is there another way to make them offset?
Section S538 of the Taxes Consolidation Act 1997 allows you to make a claim on income to allow the losses for tax purposes without actually disposing of the shares, according to Taxback.com Excise Tax Manager Marian Ryan. In order to allow the losses, a submission would have to be made to the tax inspector. If the tax inspector accepts the submission, the shares are deemed to have been sold and repurchased immediately at their market value, ie their negligible value. To this end, the Tax Inspector should be provided with full details of the Shares, which is supported by appropriate documentation of the circumstances in which the Shares have become negligible. The more information and records you can provide to the inspector, the greater the chances that discharge will be granted, Ms. Ryan said. However, discharge is only granted with respect to the year the claim is made (that is, this year if you make a claim now).
source https://collegeeducationnewsllc.com/will-my-insurance-cover-me-for-items-stolen-from-my-car/
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