Archive for April, 2011

Athletes and the pill

Friday, April 29th, 2011

Sometimes it’s hard to know which is the more strange: the way some people behave or the laws that can make some behavior criminal. Take the question of having a drug in your possession. Oakland Raiders wide receiver Louis Murphy is now a qualified expert in the law. A few years back, he was caught with some marijuana in his possession. Everyone knows the dispute over the status of this drug. But many people use this drug for pain relief and, around the world, it’s either not criminal at all or, as in some US states, medicinal use is accepted. So, however you look at it, most people are aware of its status as a “street drug” and therefore are not surprised when they read about convictions. Switch over to prescription medication and more people can be caught by surprise. In many US states, it’s an offense to be in possession of any “legitimate” drug unless you carry a prescription with you to justify the possession. The reason is easy to give. Many prescription-only drugs are derived from highly addictive substances and the US states want to control their use. Whether it’s right to use the criminal law is not the issue. Having decided to control all versions of some drugs, you must carry a prescription to distinguish criminal from lawful possession. It’s the same as having your driver’s license with you when in control of a vehicle. The police are entitled to ask you for proof a doctor has approved your use of these drugs.

This week, Louis Murphy was pulled over in his SUV and, after a brief but violent fight resulting in an arrest, the police officers found eleven little blue pills in an unmarked bottle. Murphy had no prescription. Presumably, like millions of other men, he bought the drugs from an online pharmacy without the need for a prescription. So this should be a warning to everyone who buys their drugs through the internet. No matter what the drug, you can find yourself on the wrong end of the criminal law if you carry the drug with you in a public place. Just to clarify, it’s perfectly alright to have the drug in your bloodstream and, if the drug was sitting in your home, the police would need a warrant to search. Without a warrant allowing a search for drugs, it would be very difficult to get a conviction should the drugs be “found”. (more…)

6 Oft Neglected Cost Cutting Measures

Sunday, April 24th, 2011

Measure #1: Travel Insurance

If you need to buy insurance every time you travel, you are probably wasting lots of money. Travel agents, airlines, websites, and tours always offer insurance packages – and they almost always cost more than simply adding a travel package on to your existing insurance. Look on the internet for better deals.
Even if you only travel twice a year, an annual policy will save cash.

Measure #2: Eliminate Redundant Coverage

Think you need personal items covered in your car? Think again. First, they are almost never paid for in claims. Second, if you have home or renters insurance, there is a good chance that all your stuff is covered. Just make sure to keep the receipts.

Unless you are carrying expensive equipment around – which you will need special coverage for – it is cheaper to replace your things out-of-pocket than to pay all those premiums.

Measure #3: Muscle Up Safety and Security Devices

Look to add on extra safety and security features to bring down your premium. Some suggestions are:

  • Driving detection systems
  • Lo-jack
  • Alarm systems
  • Airbags
  • OnStar
  • Black Box

These things often cost some money up front, but the long-term savings are well worth it. Plus, you are actually a lot safer!
In terms of OnStar and Black Box, you can actually use these systems to save insurance money by allowing insurers to collect data on your driving habits. If you drive safety, it will prove you are safer and they will charge you less for coverage!

Measure #4: Drop the Bonus Malus or No Claims Bonus (NCB)

A Bonus Malus, also called a “no claims bonus/discount”, is a clause in your insurance agreement that gives you a discount for every year that you do not file a claim. The idea is to reward you for paying them premiums without getting any service back. Basically, it makes you feel better about getting only a sense of security back for your car insurance payments.

However, the principle of this deal doesn’t really make any sense. First off, NCBs cost you more in premiums every payment date. While a 50-70% discount for not filing claims is nice, this does nothing to stop your rates from skyrocketing if you do file a claim.
You can save some money on your premiums by removing the Bonus Malus now.

Measure #5: Pay for Small Things Yourself

If you have to make small repairs to your vehicle, the increase in premiums that might follow will likely cost more in the next year or two than simply paying for the repairs out of pocket. Depending on your insurer, you might be required to still make a claim but inform them that you will pay for it. Check with your insurance provider to be certain. Failing to report incidents may void coverage. (more…)