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Specialist Home Insurance - Some General Information
If you're a Hongkong resident who lives in a unique, historical or other type of unique edifice, such as a thatched cottage, you may think that it's impossible to obtain good specialist home insurance. Here's some general information about obtaining a home insurance quote for your non-standard building.
Flood Insurance
If you live in an area that's prone to flooding, you should know that it's possible to purchase separate flood coverage in addition to the traditional types of homeowner's insurance policies.Insurance specialists can help you obtain insurance that will protect you in the event of a serious loss due to flooding. Although such coverage might be hard to find, it's well worth the effort.
Thatched Home Insurance
Thatched homes are particularly prone to fire. In addition, replacement costs for these homes are exceptionally high. Specialist house insurances designed for the owners of thatched homes will cover both the loss and the cost to rebuild.
Non Standard Home Construction Insurance
Many mainstream insurance companies will not insure buildings made from old style timber frames that are constructed using traditional or historic techniques. Prefabricated homes and chalets are also considered to be non standard homes and as such are eligible for coverage under specialist insurances.
Self-Build Insurance
In these uncertain economic times, more and more people are electing to build their own homes. Home insurance on a building whilst under construction should include both damage and financial loss.
Home Insurance with Criminal Convictions
Those with a criminal record are often refused insurance, but some perseverance will turn up insurance companies willing to provide coverage. Although such coverage may be expensive, the risks of not having it are greater.
Subsidence Insurance and Underpinned Homes Insurance
This type of insurance covers adverse events that affect the ground on which a home is built. Extreme weather, water or even tree removal may cause the ground to shift, damaging the home. Even in cases where the subsidence is remedied, many mainstream insurers will not cover a home with this type of damage.
Holiday Home Insurance
This insurance covers second homes or holiday homes, whether they're used by friends and family or let on a commercial basis.
Quality specialist home insurance is available throughout the UK and is well worth the cost in the event of a substantial or disastrous loss.
Leonard Luppris works in the Insurance Industry and is currently employed with Dovetail Insurance Services Ltd. He writes regularly about topics related to High value buildings insurance - High value contents insurance - Home contents insurance - Collection insurance - Listed buildings insurance - Antiques insurance -Paintings insurance - Art Insurance - Specialist Home Insurance and other Insurance services.
Avoid These Six Common Life Insurance Mistakes
Life insurance is one of the most important components of any individual's financial plan. However there is lot of misunderstanding about life insurance, mainly due to the way life insurance products have been sold over the years in India. We have discussed some common mistakes insurance buyers should avoid when buying insurance policies.
1. Underestimating insurance requirement: Many life insurance buyers choose their insurance covers or sum assured, based on the plans their agents want to sell and how much premium they can afford. This a wrong approach. Your insurance requirement is a function of your financial situation, and has nothing do with what products are available. Many insurance buyers use thumb rules like 10 times annual income for cover. Some financial advisers say that a cover of 10 times your annual income is adequate because it gives your family 10 years worth of income, when you are gone. But this is not always correct. Suppose, you have 20 year mortgage or home loan. How will your family pay the EMIs after 10 years, when most of the loan is still outstanding? Suppose you have very young children. Your family will run out of income, when your children need it the most, e.g. for their higher education. Insurance buyers need to consider several factors in deciding how much insurance cover is adequate for them.
· Repayment of the entire outstanding debt (e.g. home loan, car loan etc.) of the policy holder
· After debt repayment, the cover or sum assured should have surplus funds to generate enough monthly income to cover all the living expenses of the dependents of the policy holder, factoring in inflation
· After debt repayment and generating monthly income, the sum assured should also be adequate to meet future obligations of the policy holder, like children's education, marriage etc.
2. Choosing the cheapest policy: Many insurance buyers like to buy policies that are cheaper. This is another serious mistake. A cheap policy is no good, if the insurance company for some reason or another cannot fulfil the claim in the event of an untimely death. Even if the insurer fulfils the claim, if it takes a very long time to fulfil the claim it is certainly not a desirable situation for family of the insured to be in. You should look at metrics like Claims Settlement Ratio and Duration wise settlement of death claims of different life insurance companies, to select an insurer, that will honour its obligation in fulfilling your claim in a timely manner, should such an unfortunate situation arise. Data on these metrics for all the insurance companies in India is available in the IRDA annual report (on the IRDA website). You should also check claim settlement reviews online and only then choose a company that has a good track record of settling claims.
3. Treating life insurance as an investment and buying the wrong plan: The common misconception about life insurance is that, it is also as a good investment or retirement planning solution. This misconception is largely due to some insurance agents who like to sell expensive policies to earn high commissions. If you compare returns from life insurance to other investment options, it simply does not make sense as an investment. If you are a young investor with a long time horizon, equity is the best wealth creation instrument. Over a 20 year time horizon, investment in equity funds through SIP will result in a corpus that is at least three or four times the maturity amount of life insurance plan with a 20 year term, with the same investment. Life insurance should always been seen as protection for your family, in the event of an untimely death. Investment should be a completely separate consideration. Even though insurance companies sell Unit Linked Insurance Plans (ULIPs) as attractive investment products, for your own evaluation you should separate the insurance component and investment component and pay careful attention to what portion of your premium actually gets allocated to investments. In the early years of a ULIP policy, only a small amount goes to buying units.
A good financial planner will always advise you to buy term insurance plan. A term plan is the purest form of insurance and is a straightforward protection policy. The premium of term insurance plans is much less than other types of insurance plans, and it leaves the policy holders with a much larger investible surplus that they can invest in investment products like mutual funds that give much higher returns in the long term, compared to endowment or money back plans. If you are a term insurance policy holder, under some specific situations, you may opt for other types of insurance (e.g. ULIP, endowment or money back plans), in addition to your term policy, for your specific financial needs.
4. Buying insurance for the purpose of tax planning: For many years agents have inveigled their clients into buying insurance plans to save tax under Section 80C of the Income Tax Act. Investors should realize that insurance is probably the worst tax saving investment. Return from insurance plans is in the range of 5 - 6%, whereas Public Provident Fund, another 80C investment, gives close to 9% risk free and tax free returns. Equity Linked Saving Schemes, another 80C investment, gives much higher tax free returns over the long term. Further, returns from insurance plans may not be entirely tax free. If the premiums exceed 20% of sum assured, then to that extent the maturity proceeds are taxable. As discussed earlier, the most important thing to note about life insurance is that objective is to provide life cover, not to generate the best investment return.
5. Surrendering life insurance policy or withdrawing from it before maturity: This is a serious mistake and compromises the financial security of your family in the event of an unfortunate incident. Life Insurance should not be touched until the unfortunate death of the insured occurs. Some policy holders surrender their policy to meet an urgent financial need, with the hope of buying a new policy when their financial situation improves. Such policy holders need to remember two things. First, mortality is not in anyone's control. That is why we buy life insurance in the first place. Second, life insurance gets very expensive as the insurance buyer gets older. Your financial plan should provide for contingency funds to meet any unexpected urgent expense or provide liquidity for a period of time in the event of a financial distress.
6. Insurance is a one-time exercise: I am reminded of an old motorcycle advertisement on television, which had the punch line, "Fill it, shut it, forget it". Some insurance buyers have the same philosophy towards life insurance. Once they buy adequate cover in a good life insurance plan from a reputed company, they assume that their life insurance needs are taken care of forever. This is a mistake. Financial situation of insurance buyers change with time. Compare your current income with your income ten years back. Hasn't your income grown several times? Your lifestyle would also have improved significantly. If you bought a life insurance plan ten years ago based on your income back then, the sum assured will not be enough to meet your family's current lifestyle and needs, in the unfortunate event of your untimely death. Therefore you should buy an additional term plan to cover that risk. Life Insurance needs have to be re-evaluated at a regular frequency and any additional sum assured if required, should be bought.
Conclusion
Investors should avoid these common mistakes when buying insurance policies. Life insurance is one of the most important components of any individual's financial plan. Therefore, thoughtful consideration must be devoted to life insurance. Insurance buyers should exercise prudence against questionable selling practised in the life insurance industry. It is always beneficial to engage a financial planner who looks at your entire portfolio of investments and insurance on a holistic basis, so that you can take the best decision with regards to both life insurance and investments.
Web Hosting Types and How to the Choose Best Hosting Service For Your Business
We understand your curiosity to get your website online and begin selling your product or services there, sharing the world your story or just sharing some pictures/snaps and experiences with family and friends. Before you get started take a flash, read our post on types of web hosting services and get an understanding of the pros and cons of each. All hosting services aren't distributed equally. No one is better than the other, they are specific as per your needs. They all have merits and demerits. However assured hosting plans are better suited for certain types of websites. This will base on the traffic you're looking for, security you'll need and your data storage needs.
Before deciding on your final steps or giving a heads up, wait for a moment as you've got a great product and great marketing plan so how can the type of website hosting determine your success or failure? In brief, if you choose the incorrect plan, although you can make changes in the future they can be costly [you will be lost with credibility etc]. Consider that the typical internet user is a pretty inconsistent. They look for instant results and if your site is having problems because your site is hosted on an untrustworthy provider; you've chosen a plan that doesn't provide enough bandwidth transfer or memory storage well, then you will be responsible for diminishing your customer's base. If your requirements are low for example If you're just posting some family photos or events online then you won't need that much of bandwidth or disk space. So, why it? Some of the hosting are very affordable and some even free depending on your application choice. Selection of the wrong type hosting could determine the growth or failure of your business. Analyse first the type of hosting you need and then decide which side needs to be moved on.
What Is a Web Hosting?
Before we start discussing these topics on hosting you'll have to choose from we'll start by explaining what web hosting is and why it's required. It is so simple to elaborate. When you get a domain name from reputed domain name provider, you need to park or host that domain with opting server space on web. Its required because when you upload all your website data online, you need that space. Reason is so simple as your website has all incoming as well as outgoing data demand like database requests, files downloading/uploading etc thus you need to have web space to govern all these. It isn't much different from the way your computer works, only your files on your website will be available to anyone online. Just as your computer has files on your hard drive, your website has files on your server. When someone access to your website they are able to view your files. A website is a set of files/data that is shared on the Internet and a web hosting provider is a company that holds or stores your files in a way that they are available online [Hence its a must for a web server to available up for 24 hours if you want to be visible always]. Based on the type of web hosting plan that you choose you'll be given a definite quantity of bandwidth and storage web space.
What is Bandwidth in Web Hosting?
What is storage space?
You definitely need to understand this bandwidth first as based on this, you will be able to decide what's your need on web server. A basic understanding of bandwidth could save you some time and money i.e. its a small investment from your side in grasping it.
Bandwidth is the sum of data that your site will be authorized to transfer. You'll use a certain amount of bandwidth, or data transfer each time somebody visits your site. So to calculate the amount of bandwidth you'll need say your website is only one page.It probably isn't going to be, but it'll give you a basic understanding. If the file size of this webpage is say 10k and you'll be expecting 1,000 visitors a month. Then your bandwidth or data transfer limit will be 10 MB. The bandwidth available to your site will also differ as per the type of web hosting plan/type that you select, so it is in your court to understand it. Storage space is the quantity of data you'll be allowed to store on the web server. We repeat, if you have a small number of files i.e. you own a small website, you'll of course need reduced space in comparison to a larger site.
Free Web Hosting
Why Not Host For Free If Someone is Providing?
Its sound really very cool to have a Free Web Hosting as there are loads of providers available in the market. You ever think about it i.e. why would anyone want to offer free hosting? It seems that the cost of offering hosting would be fairly expensive. How do they manage it?
Matter is s simple, why someone will provide you such free services!! Answer is "Advertisements" If you registered for a free hosting service, you'll generally get paid ads in the sidebar [Left, right etc] of your site, much like they do on Facebook paid ads i.e. sponsored. Being a free customer, you can't make them remove/edit etc as you have to have keep them with your website. This is the reason why they offer you a free web hosting. Many times it happens that you get a sub-domain as a free web hosting. With free hosting you get a sub-domain instead of a TLD [Top Level Domain Name]. Your website naming is very important and essential for branding your business. Instead of getting a domain name such as yourdomainname.com. You'll get something that looks like yourdomainname.freehostingsiteprovider.com. Having a sub domain may make your site seem less professional and unstructured. Free hosting could be a good preference if you're just sharing photos/personal stuffs with your family/colleagues and they don't want the expense or mind the ads. It would also be great choice for those who write personal blogs and it's a great way to judge the depth of water with a single foot. Shared Hosting
Shared hosting-as the name itself suggests that you are going to host your website files on a server that keeps files from many other websites provider i.e. getting a shared hosting plan will mean that you share a server with possibly hundreds of other websites. This type of hosting plans are cheaper as you are not owing them privately and its about many website owners. This type of hosting greatly minimises costs for all. The plans are very reasonable; many can be purchased for as little as $4-$5/month depending on the storage and bandwidth you'll require.
Shared hosting is appropriate for small businesses and personal websites as they are really. Choose your hosting service provider carefully as many a times He is responsible for your online success. If the hosting company serves and places too many websites on a single server, this could cause performance problems. If performance will be a case, your website will suffer from being reputed likewise via search engines results pages. These could be slow loading times or even the worst case scenario your site could be offline for extended periods of time.
What is a Virtual Private Server - (VPS)
A Virtual Private Server can be understood at a glance via between shared hosting and a dedicated server. A VPS hosting company takes a large server and segments it to several smaller servers [A slab is divided in many but with a complete smaller slabs]. Thus offering a sort of smaller dedicated server. A virtual server doesn't provide you with the physical disk space or the bandwidth that a dedicated server does, but it is a step up front. Adding more security, access and bandwidth than you'd be getting with shared hosting [Promised Performance]. You could move from shared hosting plan to VPS if your site starts receiving high traffic, and your budget isn't ready to bear a cost on dedicated server.
What is Dedicated Hosting?
As the name itself explain that its a completely private hosting services. Its dedicatedly purchased server for hosting website privately. The buyer of this kind of servers is sole property of owner. This type of hosting allows a client to have complete access to one server. Managed hosting lets you to lease the entire server [For a certain period of time]. You'll be able to install the OS that best suits your business needs.
Large businesses or websites that need a higher level of security is the better choice.
The conclusion of this article is to select your web hosting provider wisely and as per your business needs. You could have access to various web hosting companies online hence it's up to the company's ratings/reviews and services based on that you could have a final choice.
If you're a Hongkong resident who lives in a unique, historical or other type of unique edifice, such as a thatched cottage, you may think that it's impossible to obtain good specialist home insurance. Here's some general information about obtaining a home insurance quote for your non-standard building.
Flood Insurance
If you live in an area that's prone to flooding, you should know that it's possible to purchase separate flood coverage in addition to the traditional types of homeowner's insurance policies.Insurance specialists can help you obtain insurance that will protect you in the event of a serious loss due to flooding. Although such coverage might be hard to find, it's well worth the effort.
Thatched Home Insurance
Thatched homes are particularly prone to fire. In addition, replacement costs for these homes are exceptionally high. Specialist house insurances designed for the owners of thatched homes will cover both the loss and the cost to rebuild.
Non Standard Home Construction Insurance
Many mainstream insurance companies will not insure buildings made from old style timber frames that are constructed using traditional or historic techniques. Prefabricated homes and chalets are also considered to be non standard homes and as such are eligible for coverage under specialist insurances.
Self-Build Insurance
In these uncertain economic times, more and more people are electing to build their own homes. Home insurance on a building whilst under construction should include both damage and financial loss.
Home Insurance with Criminal Convictions
Those with a criminal record are often refused insurance, but some perseverance will turn up insurance companies willing to provide coverage. Although such coverage may be expensive, the risks of not having it are greater.
Subsidence Insurance and Underpinned Homes Insurance
This type of insurance covers adverse events that affect the ground on which a home is built. Extreme weather, water or even tree removal may cause the ground to shift, damaging the home. Even in cases where the subsidence is remedied, many mainstream insurers will not cover a home with this type of damage.
Holiday Home Insurance
This insurance covers second homes or holiday homes, whether they're used by friends and family or let on a commercial basis.
Quality specialist home insurance is available throughout the UK and is well worth the cost in the event of a substantial or disastrous loss.
Leonard Luppris works in the Insurance Industry and is currently employed with Dovetail Insurance Services Ltd. He writes regularly about topics related to High value buildings insurance - High value contents insurance - Home contents insurance - Collection insurance - Listed buildings insurance - Antiques insurance -Paintings insurance - Art Insurance - Specialist Home Insurance and other Insurance services.
Avoid These Six Common Life Insurance Mistakes
Life insurance is one of the most important components of any individual's financial plan. However there is lot of misunderstanding about life insurance, mainly due to the way life insurance products have been sold over the years in India. We have discussed some common mistakes insurance buyers should avoid when buying insurance policies.
1. Underestimating insurance requirement: Many life insurance buyers choose their insurance covers or sum assured, based on the plans their agents want to sell and how much premium they can afford. This a wrong approach. Your insurance requirement is a function of your financial situation, and has nothing do with what products are available. Many insurance buyers use thumb rules like 10 times annual income for cover. Some financial advisers say that a cover of 10 times your annual income is adequate because it gives your family 10 years worth of income, when you are gone. But this is not always correct. Suppose, you have 20 year mortgage or home loan. How will your family pay the EMIs after 10 years, when most of the loan is still outstanding? Suppose you have very young children. Your family will run out of income, when your children need it the most, e.g. for their higher education. Insurance buyers need to consider several factors in deciding how much insurance cover is adequate for them.
· Repayment of the entire outstanding debt (e.g. home loan, car loan etc.) of the policy holder
· After debt repayment, the cover or sum assured should have surplus funds to generate enough monthly income to cover all the living expenses of the dependents of the policy holder, factoring in inflation
· After debt repayment and generating monthly income, the sum assured should also be adequate to meet future obligations of the policy holder, like children's education, marriage etc.
2. Choosing the cheapest policy: Many insurance buyers like to buy policies that are cheaper. This is another serious mistake. A cheap policy is no good, if the insurance company for some reason or another cannot fulfil the claim in the event of an untimely death. Even if the insurer fulfils the claim, if it takes a very long time to fulfil the claim it is certainly not a desirable situation for family of the insured to be in. You should look at metrics like Claims Settlement Ratio and Duration wise settlement of death claims of different life insurance companies, to select an insurer, that will honour its obligation in fulfilling your claim in a timely manner, should such an unfortunate situation arise. Data on these metrics for all the insurance companies in India is available in the IRDA annual report (on the IRDA website). You should also check claim settlement reviews online and only then choose a company that has a good track record of settling claims.
3. Treating life insurance as an investment and buying the wrong plan: The common misconception about life insurance is that, it is also as a good investment or retirement planning solution. This misconception is largely due to some insurance agents who like to sell expensive policies to earn high commissions. If you compare returns from life insurance to other investment options, it simply does not make sense as an investment. If you are a young investor with a long time horizon, equity is the best wealth creation instrument. Over a 20 year time horizon, investment in equity funds through SIP will result in a corpus that is at least three or four times the maturity amount of life insurance plan with a 20 year term, with the same investment. Life insurance should always been seen as protection for your family, in the event of an untimely death. Investment should be a completely separate consideration. Even though insurance companies sell Unit Linked Insurance Plans (ULIPs) as attractive investment products, for your own evaluation you should separate the insurance component and investment component and pay careful attention to what portion of your premium actually gets allocated to investments. In the early years of a ULIP policy, only a small amount goes to buying units.
A good financial planner will always advise you to buy term insurance plan. A term plan is the purest form of insurance and is a straightforward protection policy. The premium of term insurance plans is much less than other types of insurance plans, and it leaves the policy holders with a much larger investible surplus that they can invest in investment products like mutual funds that give much higher returns in the long term, compared to endowment or money back plans. If you are a term insurance policy holder, under some specific situations, you may opt for other types of insurance (e.g. ULIP, endowment or money back plans), in addition to your term policy, for your specific financial needs.
4. Buying insurance for the purpose of tax planning: For many years agents have inveigled their clients into buying insurance plans to save tax under Section 80C of the Income Tax Act. Investors should realize that insurance is probably the worst tax saving investment. Return from insurance plans is in the range of 5 - 6%, whereas Public Provident Fund, another 80C investment, gives close to 9% risk free and tax free returns. Equity Linked Saving Schemes, another 80C investment, gives much higher tax free returns over the long term. Further, returns from insurance plans may not be entirely tax free. If the premiums exceed 20% of sum assured, then to that extent the maturity proceeds are taxable. As discussed earlier, the most important thing to note about life insurance is that objective is to provide life cover, not to generate the best investment return.
5. Surrendering life insurance policy or withdrawing from it before maturity: This is a serious mistake and compromises the financial security of your family in the event of an unfortunate incident. Life Insurance should not be touched until the unfortunate death of the insured occurs. Some policy holders surrender their policy to meet an urgent financial need, with the hope of buying a new policy when their financial situation improves. Such policy holders need to remember two things. First, mortality is not in anyone's control. That is why we buy life insurance in the first place. Second, life insurance gets very expensive as the insurance buyer gets older. Your financial plan should provide for contingency funds to meet any unexpected urgent expense or provide liquidity for a period of time in the event of a financial distress.
6. Insurance is a one-time exercise: I am reminded of an old motorcycle advertisement on television, which had the punch line, "Fill it, shut it, forget it". Some insurance buyers have the same philosophy towards life insurance. Once they buy adequate cover in a good life insurance plan from a reputed company, they assume that their life insurance needs are taken care of forever. This is a mistake. Financial situation of insurance buyers change with time. Compare your current income with your income ten years back. Hasn't your income grown several times? Your lifestyle would also have improved significantly. If you bought a life insurance plan ten years ago based on your income back then, the sum assured will not be enough to meet your family's current lifestyle and needs, in the unfortunate event of your untimely death. Therefore you should buy an additional term plan to cover that risk. Life Insurance needs have to be re-evaluated at a regular frequency and any additional sum assured if required, should be bought.
Conclusion
Investors should avoid these common mistakes when buying insurance policies. Life insurance is one of the most important components of any individual's financial plan. Therefore, thoughtful consideration must be devoted to life insurance. Insurance buyers should exercise prudence against questionable selling practised in the life insurance industry. It is always beneficial to engage a financial planner who looks at your entire portfolio of investments and insurance on a holistic basis, so that you can take the best decision with regards to both life insurance and investments.
Web Hosting Types and How to the Choose Best Hosting Service For Your Business
We understand your curiosity to get your website online and begin selling your product or services there, sharing the world your story or just sharing some pictures/snaps and experiences with family and friends. Before you get started take a flash, read our post on types of web hosting services and get an understanding of the pros and cons of each. All hosting services aren't distributed equally. No one is better than the other, they are specific as per your needs. They all have merits and demerits. However assured hosting plans are better suited for certain types of websites. This will base on the traffic you're looking for, security you'll need and your data storage needs.
Before deciding on your final steps or giving a heads up, wait for a moment as you've got a great product and great marketing plan so how can the type of website hosting determine your success or failure? In brief, if you choose the incorrect plan, although you can make changes in the future they can be costly [you will be lost with credibility etc]. Consider that the typical internet user is a pretty inconsistent. They look for instant results and if your site is having problems because your site is hosted on an untrustworthy provider; you've chosen a plan that doesn't provide enough bandwidth transfer or memory storage well, then you will be responsible for diminishing your customer's base. If your requirements are low for example If you're just posting some family photos or events online then you won't need that much of bandwidth or disk space. So, why it? Some of the hosting are very affordable and some even free depending on your application choice. Selection of the wrong type hosting could determine the growth or failure of your business. Analyse first the type of hosting you need and then decide which side needs to be moved on.
What Is a Web Hosting?
Before we start discussing these topics on hosting you'll have to choose from we'll start by explaining what web hosting is and why it's required. It is so simple to elaborate. When you get a domain name from reputed domain name provider, you need to park or host that domain with opting server space on web. Its required because when you upload all your website data online, you need that space. Reason is so simple as your website has all incoming as well as outgoing data demand like database requests, files downloading/uploading etc thus you need to have web space to govern all these. It isn't much different from the way your computer works, only your files on your website will be available to anyone online. Just as your computer has files on your hard drive, your website has files on your server. When someone access to your website they are able to view your files. A website is a set of files/data that is shared on the Internet and a web hosting provider is a company that holds or stores your files in a way that they are available online [Hence its a must for a web server to available up for 24 hours if you want to be visible always]. Based on the type of web hosting plan that you choose you'll be given a definite quantity of bandwidth and storage web space.
What is Bandwidth in Web Hosting?
What is storage space?
You definitely need to understand this bandwidth first as based on this, you will be able to decide what's your need on web server. A basic understanding of bandwidth could save you some time and money i.e. its a small investment from your side in grasping it.
Bandwidth is the sum of data that your site will be authorized to transfer. You'll use a certain amount of bandwidth, or data transfer each time somebody visits your site. So to calculate the amount of bandwidth you'll need say your website is only one page.It probably isn't going to be, but it'll give you a basic understanding. If the file size of this webpage is say 10k and you'll be expecting 1,000 visitors a month. Then your bandwidth or data transfer limit will be 10 MB. The bandwidth available to your site will also differ as per the type of web hosting plan/type that you select, so it is in your court to understand it. Storage space is the quantity of data you'll be allowed to store on the web server. We repeat, if you have a small number of files i.e. you own a small website, you'll of course need reduced space in comparison to a larger site.
Free Web Hosting
Why Not Host For Free If Someone is Providing?
Its sound really very cool to have a Free Web Hosting as there are loads of providers available in the market. You ever think about it i.e. why would anyone want to offer free hosting? It seems that the cost of offering hosting would be fairly expensive. How do they manage it?
Matter is s simple, why someone will provide you such free services!! Answer is "Advertisements" If you registered for a free hosting service, you'll generally get paid ads in the sidebar [Left, right etc] of your site, much like they do on Facebook paid ads i.e. sponsored. Being a free customer, you can't make them remove/edit etc as you have to have keep them with your website. This is the reason why they offer you a free web hosting. Many times it happens that you get a sub-domain as a free web hosting. With free hosting you get a sub-domain instead of a TLD [Top Level Domain Name]. Your website naming is very important and essential for branding your business. Instead of getting a domain name such as yourdomainname.com. You'll get something that looks like yourdomainname.freehostingsiteprovider.com. Having a sub domain may make your site seem less professional and unstructured. Free hosting could be a good preference if you're just sharing photos/personal stuffs with your family/colleagues and they don't want the expense or mind the ads. It would also be great choice for those who write personal blogs and it's a great way to judge the depth of water with a single foot. Shared Hosting
Shared hosting-as the name itself suggests that you are going to host your website files on a server that keeps files from many other websites provider i.e. getting a shared hosting plan will mean that you share a server with possibly hundreds of other websites. This type of hosting plans are cheaper as you are not owing them privately and its about many website owners. This type of hosting greatly minimises costs for all. The plans are very reasonable; many can be purchased for as little as $4-$5/month depending on the storage and bandwidth you'll require.
Shared hosting is appropriate for small businesses and personal websites as they are really. Choose your hosting service provider carefully as many a times He is responsible for your online success. If the hosting company serves and places too many websites on a single server, this could cause performance problems. If performance will be a case, your website will suffer from being reputed likewise via search engines results pages. These could be slow loading times or even the worst case scenario your site could be offline for extended periods of time.
What is a Virtual Private Server - (VPS)
A Virtual Private Server can be understood at a glance via between shared hosting and a dedicated server. A VPS hosting company takes a large server and segments it to several smaller servers [A slab is divided in many but with a complete smaller slabs]. Thus offering a sort of smaller dedicated server. A virtual server doesn't provide you with the physical disk space or the bandwidth that a dedicated server does, but it is a step up front. Adding more security, access and bandwidth than you'd be getting with shared hosting [Promised Performance]. You could move from shared hosting plan to VPS if your site starts receiving high traffic, and your budget isn't ready to bear a cost on dedicated server.
What is Dedicated Hosting?
As the name itself explain that its a completely private hosting services. Its dedicatedly purchased server for hosting website privately. The buyer of this kind of servers is sole property of owner. This type of hosting allows a client to have complete access to one server. Managed hosting lets you to lease the entire server [For a certain period of time]. You'll be able to install the OS that best suits your business needs.
Large businesses or websites that need a higher level of security is the better choice.
The conclusion of this article is to select your web hosting provider wisely and as per your business needs. You could have access to various web hosting companies online hence it's up to the company's ratings/reviews and services based on that you could have a final choice.
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