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What is Car Insurance Endorsement? 

Car insurance endorsements are additional features that policyholders can add to their existing, active auto insurance policy to make it fitter for their needs



Insurance - Investors King

Car insurance has been essential to the driving man ever since cars became mainstream. No matter which state you are in, car insurance is necessary, mandatory, and very important for your medical, financial, and legal safeguarding. 

Forty-nine states out of fifty have made it mandatory for drivers to have liability coverage with a coverage limit equal to or above the minimum coverage limit. So in case a driver gets in a car accident, both the drivers can get their medical treatments and the car repaired.

But just as there are different people with different driving preferences and vehicles, more than one-size-fits-all car insurance is needed to precisely cover the needs of some drivers. People want customizability and auto insurance policies that can be made according to their needs. 

It is where car insurance endorsements come in. What are these, and how can they be used to offer tailor-made insurance coverage? Let’s take a look at everything you need to know about car insurance endorsements. 

What is Car Insurance Endorsement

Car insurance endorsements are additional features that policyholders can add to their existing, active auto insurance policy to make it fitter for their needs. People use their cars for different reasons; some use them for commuting, while others like to take their vehicles to the most challenging terrain they can.

This different use case is what creates the need for modification in the basic car insurance policies. Think of it as this; when someone owns an average car but wants to ride it in a more challenging terrain, perhaps off-roading, they need to make some changes. 

The standard tires are just fine to work in everyday conditions, but to climb a hill or cross a muddy road? It won’t work. So the driver can swap the standard tires for more rugged, off-road tires. The exact change can be made with car insurance policies as well. 

The Basic Insurance Policies

Car insurance endorsements are almost always add-on policies, not standalone ones. It means that you must have the base policies to buy auto insurance endorsements. You need a car first if you want to purchase off-roading tires. 

There are four fundamental policies that every driver either must have or should have to drive a car safely, securely, and legally. These policies are:

  • Liability insurance
  • Collision insurance 
  • Uninsured Motorist Coverage
  • Personal Injury Protection plan

Liability insurance: Liability insurance is the most important auto insurance policy. This policy is used to cover the cost of repairs and medical treatments of the other driver in an accident that is your fault. It is mandatory in forty-nine states, and driving without one is a felony. 

Driving without liability insurance would lead to legal and financial ramifications. Do not drive without liability insurance. 

Collision insurance: Collision insurance is optional; people can choose to buy it or skip it. But despite being optional, it is imperative because this policy covers the cost of repairs to the policyholder’s car after an accident. 

It does not matter whose fault the accident was; if the accident was due to a collision and it was unintentional, collision insurance can be claimed. This policy is also one of the most expensive insurance policies you can get. 

If you want to save money, make sure you search for the best insurance company in your state. For example, if you live in Illinois, look for cheap Illinois car insurance companies and then select the one that offers the best coverage at the most affordable rates. 

Uninsured Motorist Coverage: Uninsured Motorist coverage is mandatory in twenty states and optional in the rest. Policyholders can claim this policy when the driver at fault lacks liability coverage or is not present at the accident site (hit-and-run accident.)

Personal Injury Protection plan: Personal injury protection plan covers the cost of medical treatments needed after the car accident. It involves hospital bills, therapy bills, etc., and lost wages. PIP is mandatory in 12 states called the “No-fault states.”

Car Insurance Endorsement Options

Apart from having those as mentioned above optional and mandatory car insurance policies, you can add extra features to these policies to fit your needs. It does cost extra, but it can save you a lot of money if you get in an accident without these add-ons. 

Let’s look at some widespread and ubiquitous auto insurance endorsements you can get and what additional features they offer. 

Roadside Assistance

The most common car insurance endorsement is Roadside Assistance, and almost every major auto insurer offers it. Roadside Assistance adds extra features to your car insurance policies as the name suggests. 

Roadside Assistance is recommended for people who travel on the road a lot. RSA comes with features such as:

  • Winching 
  • Towing
  • Tire change
  • Refueling
  • Battery jumpstart
  • Unlocking the car

All these services can be availed anywhere you are, in the middle of the road (that’s the point of the add-on.)

Modified Car Coverage

Expensive music systems, engine upgrades, etc., cost a lot. When you own a car, you may decide to modify it. This modification increases the value of the vehicle. 

Getting the modified car coverage will ensure that all the expensive added parts are covered in the insurance policy. 

GAP insurance 

GAP stands for Guaranteed Assets Protection insurance, and this policy add-on is for people who finance their cars. When you finance a vehicle, you pay more than the price of the car due to interest. 

So what happens if your car gets totaled due to an accident or gets stolen before you have paid the entire loan amount to the bank? The insurance company will only give the actual cash value (which is lower than the MSRP of the car due to depreciation.)

It is where GAP insurance comes in. It covers the extra amount in case your car gets totaled or stolen to ensure you do not pay any money from your pocket. 

Rideshare Insurance 

Rideshare insurance is for people who want to use it for any ridesharing business. General car insurance policies do not cover the commercial use of the car. Insurance companies have the right to deny your claim if your vehicle gets in an accident while you are using it for commercial use. 

Getting a commercial car insurance policy is expensive and not needed since the business is part-time. 

Rideshare insurance allows you to switch your policy from general to commercial when you are using your vehicle for commercial purposes. 


Want to know what car insurance endorsements are? Take a look at the comprehensive article on everything you need to know about auto insurance endorsements.


Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

Business News

DIY Options Trading: Using a Custom Strategy Builder



Options trading offers traders the opportunity to profit from fluctuations in stock prices without owning the actual shares.

However, success in this dynamic market requires more than just luck—it demands a carefully crafted trading strategy tailored to your goals and risk tolerance. 

That’s where a custom option strategy builder comes in. It’s a DIY toolkit for options trading, allowing you to mix and match different moves to suit your financial goals and risk tolerance. 

In this article, we’ll explore DIY options trading, showing you how to use a custom strategy builder to craft your own path in the market. 

How to use a Custom Strategy Builder

Using a Custom Strategy Builder for trading or anything else means making a plan that fits just right with what you want to achieve, how much risk you’re okay with, and what you like.

These builders are like tools or setups that let you create, try out, and put your plans into action without having to deal with complicated coding or math. 

Here’s an easy guide to help you use a Custom Strategy Builder the right way, so you can make smart choices and get the most out of it.

1. Define Your Objectives and Constraints

Crafting a custom strategy starts with clear objectives and understanding your risk tolerance. Decide what you aim to achieve, like maximizing returns or minimizing risk. 

Assess how much risk you’re willing to take, as this will shape your strategy’s aggressiveness or caution. Consider your trading timeframe, whether short-term gains or long-term growth. 

These foundational decisions guide the selection of indicators and conditions in your strategy, ensuring it aligns with your goals and risk profile.

2. Select Your Indicators and Conditions

In this step, you select indicators and set conditions for your strategy. Choose technical indicators like RSI or MACD that align with your goals. Define specific conditions for entering and exiting trades based on these indicators. 

This step is crucial for outlining how your strategy operates, ensuring it triggers actions at the right moments based on your chosen market signals. 

It’s about customizing your strategy to your objectives, using the selected indicators to guide decision-making in trading.

3. Backtesting Your Strategy

Backtesting is a critical step in strategy development, allowing you to test your strategy against historical data to predict its performance without financial risk. 

It involves applying your strategy’s criteria to past market conditions to assess potential outcomes. This process helps identify strengths and weaknesses, enabling you to make necessary adjustments. 

By evaluating how your strategy would have performed historically, you can refine it to improve future performance, thus optimizing your approach before applying it to real-world scenarios.

4. Implementation

Before applying your strategy with real funds, it’s wise to test it under live market conditions without financial risk, known as paper trading.

This simulation helps validate your strategy’s effectiveness in real time. Upon satisfaction with the paper trading results, cautiously transition to using actual capital, preferably starting on a smaller scale to manage risks.

This approach ensures that your strategy is not only theoretically sound but also practical and adaptable to live market dynamics.

5. Continuous Monitoring and Tweaking

Continuous monitoring and adjustment are crucial for the success of any strategy. Regularly analyze your strategy’s performance and market conditions. If the strategy underperforms or market dynamics shift, be prepared to make necessary tweaks. 

This iterative process of refinement, based on performance data and new information, helps keep your strategy aligned with your goals and responsive to the changing financial landscape. 

Essentially, staying adaptable and proactive in strategy management maximizes effectiveness and goal alignment.


Using a Custom Strategy Builder simplifies creating a personalized strategy that aligns with your goals and risk tolerance. 

You can enhance your decision-making process by following steps like defining objectives, selecting indicators, backtesting, and continuously refining your approach. 

And if you’re looking for an exceptional platform for your trading needs, consider Dhan. It is one of the best option trading platforms, offering comprehensive tools and features to support your trading journey.

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Is Scalping Crypto a Good Idea? Everything You Need to Know



In the realm of cryptocurrency trading, where the landscape is ever-evolving, and the stakes are invariably high, the strategy of scalping has gained prominence among traders seeking to leverage the market’s inherent volatility for profit.

Scalping, characterized by its fast-paced and high-volume trading approach, aims to capitalize on small price movements within the market. This strategy is built on the premise that it is more feasible to secure small, frequent gains than to wait for significant price shifts. While the potential for quick profits is appealing, scalping requires a nuanced understanding of the market, rapid analytical capabilities, and an exceptional level of discipline.

The Nature of Scalping in Crypto Markets

Scalping’s allure lies in its exploitation of the crypto market’s volatility. By engaging in numerous trades throughout the day at this platform, scalpers attempt to accumulate profits from relatively minor fluctuations in price. This method contrasts markedly with more traditional long-term investment strategies that often depend on substantial price movements for profitability. However, scalping is not a strategy that suits every trader. The necessity for constant market surveillance means that a scalper must be prepared to dedicate significant time and attention to their trading activities. The 24/7 nature of the cryptocurrency market means that opportunities and risks are perpetually present, requiring continuous vigilance from the trader.

The Appeal of Scalping

For many, the primary attraction of scalping is the prospect of generating a steady income from trading. In the unpredictable and often tumultuous environment of the crypto market, the ability to achieve consistent small gains is particularly appealing. This approach offers a more active trading experience, which can be satisfying for those who thrive on immediate results and enjoy the adrenaline rush of making swift trading decisions. However, beyond the allure of potential profits and the thrill of active trading, scalping demands an in-depth understanding of market trends and an ability to react swiftly to changes.

The Risks and Challenges

Despite its attractions, scalping comes with its own set of risks and challenges. The sheer volume of trades made during scalping increases exposure to transaction fees, which can quickly accumulate and significantly impact overall profitability. Additionally, the mental and emotional toll of maintaining intense focus and making quick decisions can be substantial, potentially affecting the trader’s well-being and performance over time. If you find yourself constantly stressed or anxious, consider using calming techniques or taking a break from trading. Remember, your health is more important than your wealth. The use of leverage, while common among scalpers to increase the potential for profit, also amplifies the risk of loss, making effective risk management crucial. Moreover, the success of scalping strategies can be contingent on the capabilities of the trading platform used; delays in order execution can critically undermine the strategy’s effectiveness.

Required Tools and Skills

To navigate the challenges of scalping successfully, traders must equip themselves with advanced tools and develop a refined set of skills. Access to sophisticated trading software that offers real-time market data and lightning-fast trade execution is indispensable. Such tools enable scalpers to identify and act on trading opportunities swiftly before market conditions change. Scalpers must also be adept at analyzing market indicators and charts quickly, employing a range of technical analysis tools to guide their trading decisions. Perhaps most importantly, successful scalpers possess an exceptional level of discipline, allowing them to adhere strictly to their trading strategies and risk management rules even in the face of market pressures.

Is Scalping Right for You?

Determining whether scalping is an appropriate strategy involves careful consideration of your trading style, risk tolerance, and personal circumstances. If you are drawn to the fast-paced nature of the trading world and are capable of dedicating the necessary time to monitor the markets continuously, scalping could be a fitting and potentially rewarding approach. It is well-suited to individuals who can process information rapidly, make quick decisions, and interpret market sentiment in high-stress situations. However, for those who prefer a more measured approach to investing or find the high-intensity environment of scalping daunting, other strategies may be more aligned with their investment objectives and temperament. Lower risk investments like bonds or precious metals might be a better option, as they’re less likely to take 10, 20, or eve 30 percent dips in a single day.

Final Thoughts

Scalping in the cryptocurrency market presents a unique blend of opportunities and challenges. While it offers the potential for regular profits and the excitement of active trading, it demands a significant commitment, sharp analytical skills, and unwavering discipline. Prospective scalpers must carefully evaluate their ability to meet the demands of this strategy, considering both the personal and financial implications. With a thorough understanding of the market, the right tools at their disposal, and a disciplined approach, traders can navigate the complexities of scalping and potentially achieve success. However, it’s crucial to approach scalping with a clear strategy and realistic expectations, recognizing the risks involved and being prepared to adapt in response to the ever-changing dynamics of the cryptocurrency market.

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Key Events in the Ethereum Ecosystem that Can Influence the Market



Ethereum - Investors King

Following Bitcoin’s new all-time high, the crypto community has been buzzing with theories and predictions not only about the top cryptocurrency but about other coins as well.

Ethereum, the second largest cryptocurrency (by market cap) has also been a talking point and headline. 

Ethereum news over the past few days as been awash topics such as the potential effect of Bitcoin’s new ATH on Ethereum, the upcoming Dencun upgrade and long-term price predictions. We have rounded up the top stories in Ethereum news over the past few days for you. 

Dencun – Ethereum’s Solution to High Gas Fees?

The Dencun update is set to be Ethreum’s largest since The Merge in September 2022 and Shapella in April 2023. The upgrades respectively facilitated the move from a proof-of-work (PoW) consensus to proof-of-stake (PoS) and made withdrawals of staked Ether possible. It is expected to go live on March 13 at around 13:55 UTC. Here is what we know about the updrage so far. 

First of all “Dencun” is a merging of “Deneb” and “Cancun”, two network updates that collectively account for nine Ethereum Improvement Proposals (EIPs). It will activate EIP-4844, also called proto-danksharding, which is expected to improve the Ethereum blockchain’s capacity to handle data from layer-2 (L2) networks. 

The upgrade will result in significantly cheaper fees for L2 rollups and it is expected that the majority of Ethereum’s onchain activity will migrate to L2s. This aligns with Ethereum’s target of being able to process millions of transactions per second. 

Analyst Max Wadington writes in a research report by Fidelity Digital Assets: “Ethereum’s improvement as a database unveils the opportunity for near-zero transaction fees for users of layer 2’s.”

Wadington adds that users of the base Ethereum network may not benefit as much from the software update as Layer 2 users.

“In the short term, users who wish to benefit from this fee change must sacrifice some decentralization and security by transacting on layer 2’s instead of Ethereum,” he said. 

The Dencun upgrade has been in the works for several years, with Ethereum co-founder Vitalik Buterin hinting at it as far back as 2019. It was slated to take place late last year but could not proceed due to engineering concerns by developers.The update has so far been tested on three separate test networks and performed generally well.

Members of the Ethereum community are looking forward to the event and are joining livestreams counting down to the upgrade. 

“We are making sure all our client and bootnodes are fully updated, and ready for fork,” said Barnabas Busa, a DevOps engineer at the Ethereum Foundation. “Our monitoring infrastructure is scaled up to -ensure we don’t miss anything important. 

(Ethereum core developer Tim Beiko’s post on X:

Ethereum Price Predictions

As of March 13, Ethereum was currently trading at $4,040 up about 7% over a week. It is expected to rise higher with the increased anticipation for Ethereum ETFs and the Dencun upgrade. 

According to this Forbes report, Ethereum could rise to $4,500 by the end of the month. Another report puts the coin’s price at $5,000 by the end of the year. CoinDCX predicts that 2024 a strong end to the year price-wise could serve as a stepping stone for the asset’s upward movement. 

In addition, going by historical market data,  a Bitcoin bull run could spell price surges for Ethereum as well. In 2021 for example, when Bitcoin gained 66%, Ethereum performed far better, gaining almost 400%. With the ongoing interest in spot Bitcoin ETFs and the upcoming Bitcoin halving – both of which could translate into green candles for Bitcoin – Ethereum could continue rising. 

While experts agree that the asset is unlikely to surpass Bitcoin’s price long-term, it has the potential to rival the top cryptocurrency’s market capitalization largely owing to its uncapped supply. 


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