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April 2016

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All Car Insurance Coverage Types Explained in Detail

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All Car Insurance Coverage Types: Explained in Detail

Comprehensive coverage

Wednesday

30

March 2016

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Comprehensive Insurance Coverage Explained: Benefits and Costs

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Comprehensive Insurance Coverage Explained: Benefits and Costs

A comprehensive cover is one of the best levels of protection you can get for your Vehicle. Fire, theft, third party and third party only cover the damage you have caused to others when the accident is deemed your fault. Any damage that occurs to your car is your own problem. A comprehensive cover takes care of the damage to your car as well.

Benefits

With a comprehensive car insurance, you can make a claim from your insurance company for accidents that you have causedThis also applies when the fault cannot be proven, for example if you find that your car has been hit and the person responsible has driven off. A comprehensive cover takes care of repairs and  if your car is written off , you get a brand new car.

Costs

When choosing a comprehensive cover, it is advisable to compare costs with other policies. You may find that a comprehensive cover works out as a cheaper option.

Saturday

26

March 2016

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Car Insurance Coverage Types and the Ones you Need

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Car Insurance Coverage Types and the Ones you Need

When people use the term “full coverage”, they often mean a combination of various types of coverage.

Don’t worry there’s plenty of auto insurance options that exist to help protect you and we are going to cover them right here.

Accident liability coverage is designed to cover injuries and damages in the event you cause an accident or damage to property. Liability is usually billed from two components; body injury and property damage. Body injury liability coverage helps protect you if you are responsible for an accident that hurts another person. Body injury liability can help you pay for the other person’s medical bills, compensation for loss of income, and emergency aid in an accident scene as well as your legal bills if that person sues you.

Two limits exist within bodily injury coverage per person and per accident, for example, within a policy you might see a $50,000 maximum payment per person and a $100,000 maximum payment per accident. Then there is property damage and liability coverage for damages caused to someone else’s property but not your own. If you hit someone else’s car for instance or 182 their house or storefront, property damage liability coverage can help pay for structural damages, repair or replacement costs.  If the covered accident results in a lawsuit on your policy, there are accident and property damage limits. It’s a good idea to make sure you carry enough liability coverage to protect yourself.

What about your car if you’ve caused an accident? Collision coverage can help pay for your vehicle’s damage.

If your car is stolen or something falls on it, that’s where comprehensive coverage comes in.

What about when an insured driver rear ends your car? Uninsured Motorist Insurance or UIM coverage will help in that scenario.

Medical payments coverage or personal injury protection helps to pay for medical bills and other costs if someone gets hurt.

Worried about your new car getting totaled right after you buy it?  You’ll want to check out new car replacement coverage.

When your car is in the shop for repairs after you get into an accident, that’s when the rental car reimbursement coverage would be helpful.

If you’re looking to be fully protected, there’re even more optional coverages to choose from.

So to recap there’re several kinds of auto insurance coverage you can select including liability coverage, collision coverage, comprehensive coverage,  uninsured and UIM coverage, medical payments coverage,  personal injury protection,  new car replacement coverage, and rental car reimbursement.

Friday

25

March 2016

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COMMENTS

Personal umbrella policy: Learn about Umbrella Insurance Policy

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Personal Umbrella Policy

Do you own a dog? Drive a car? or bring guests into your home? If so, you have the potential to be a target of a lawsuit putting you at risk of losing everything you’ve worked for over the years. This includes your home, your savings and even your future income.

Unfortunately we live in a society where lawsuits are becoming common. People are caught off-guard and are unprepared for the consequences and verdicts; the settlements are often in the millions but the good news is, there’s a way to protect yourself, it’s called personal umbrella policy. Your insurance will pay the first $300,000 but what about the remaining $700,000 dollars? How are you ever going to pay for that? 

The Umbrella Policy ensures that you cover yourself when your regular insurance is not enough. An umbrella policy protects you from a devastating lawsuit. Contact your insurance company today to learn more about the protection provided by a personal umbrella policy.

Wednesday

23

March 2016

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COMMENTS

What is Comprehensive coverage for car insurance

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What is Comprehensive coverage for car insurance

Comprehensive coverage is meant to protect you against vehicle damages not caused by collision. You  are covered by the comprehensive cover if your car is stolen or damaged by fire, floods, or vandalism. Many lending institution may require this coverage so check with your lending or leasing institution to determine whether it’s required.

A comprehensive cover eases your mind by ensuring that you are covered in the event of a natural disaster. The natural disasters include falling objects, fire, hail,  and animal damage. With this cover, you don’t have to get money from your pocket to pay for car fixing when disaster strikes.

Saturday

12

March 2016

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COMMENTS

Full Coverage Car Insurance Explained

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What is Full Coverage Car Insurance

Let’s talk about something that is very important and that’s dealing with an insurance company: it is Full Coverage car insurance, let’s find out what it is, how to use it and when you should / should not purchase one.

First let’s define what a total car insurance (full coverage) is, because there can be some discrepancy on that.

If you are in an auto accident and your car is broken, the insurance company may come to you and say:

“Hey, you know what: it does cost more for us to fix this car than the car is actually worth. Even though we know the date of the car is still drivable, we pay you the value of that vehicle and then you can do whatever you want with the money”

So the important thing here is his: the year of your car may only be six or seven years old and then except to you to fix it.

One of the things that I often see is that one of the problems is that people will take the money and then not get their car fixed, which can cause future problems.

So when you’re dealing with the insurance company always know that regardless of how you think you’ve got your car fixed already, and how much you think the value of the car is if the damages beyond what the insurance company believes the value the car is.

I wish you have a specific car policy that states the value of your car, for there’s really not much you can do about it just know that at that point they’re going to pay you with the blue book value or what their value is, according to them.

Then you come up with whatever that’s going to be.

That’s what it is and that’s for you getting gag and really is a bonus highly recommend you get your car fixed.

Too many people like I said pocket the money, and they say: “hey the car is drivable”

The reality is that it’s a bigger liability you risk for you when you’ve your car crashed but working, and you just take the money and get it fixed and then move on.

That’s the car insurance that should deal with that! Remember for next time, and don’t get fooled by car insurance owners trying to trick you!

Saturday

12

March 2016

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COMMENTS

Comprehensive Car Insurance: All you need to know

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Comprehensive Car Insurance: All you need to know

Lets talk about why you should have a comprehensive car insurance, this is really important.

A comprehensive car insurance covers your vehicle for damages that happen other than being involved in a collision. There’s a lot of damages that may occur but lets touch on the most important ones.

Glass breakages; if you’re like me there has been many times you’ve been driving down the highway and rocks hit your windshield and  a crack starts developing.  A good comprehensive coverage has a deductible and your car can be fixed immediately.

Theft is also covered under comprehensive car insurance, if your car is stolen, the comprehensive coverage with the deductible will pick that up.

Saturday

12

March 2016

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COMMENTS

Car Insurance Excess Protection Explained

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Car Insurance Excess Protection Explained

Today we will answer the question, what does car excess protection mean?  

The excess is the amount of money that you have to pay when an accident is your fault. Your insurance company should offer you an option on the car insurance excess protection on your policy. This option is one way to control costs but it is good to always keep in mind what can you really afford.  

Before agreeing to on any option, it is good to have a  discussion with your insurance agent in regards to your policy and find it out the full detail of your policy so that nothing comes as a big surprise.

Saturday

12

March 2016

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COMMENTS

Should you Purchase Gap Insurance for your New Car?

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Should you Purchase Gap Insurance for your New Car?

Today we’re going to talk about gap insurance for a new car.

When you go shopping for new car, do you know what type you are going to get? Have you done due diligence? How much is the insurance going to be when you get to the finance office?  At the car dealership, what are they offering you in gap insurance?

Here is the little nice thing to know, it’s only on brand-new cars you can get gap insurance from your insurance broker or agent. You should know that, a large sum of money is lost once you drive that car off the car lot.

The Gap insurance will pay the difference between what you owe on the car and what the insurance company is going to pay.

Gap insurance is much cheaper when you purchase it from the insurance company rather than at the dealers. This is an important tip if you want to save money.

Saturday

12

March 2016

0

COMMENTS

Full Coverage Insurance for your Car: Benefit and Details

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Types - Full Coverage Insurance for your Car: Benefit and Details

Full Coverage Insurance for your Car: Benefit and Details

Lets talk about full coverage insurance for your car.

People always ask, how will insurance pay if I’m involved in an accident? I’ve got full coverage, what does that really mean?

Here is what it means, if your fall in an accident the insurance company is going to pay the other person for their loss.  If they’ve had damage to their car, their body the insurance company pays first dollar to the people that were either injured or had property damaged.

Now on your own vehicle work,  full coverage means its comprehensive. The insurance company is going to pay for damage to you are car  like glass breakage.

The lower the deductible the lower your insurance cost but you are taking much higher risks. If you cannot afford to pay a little bit more for comprehensive and collision then your insurance premium is lower but they will pay that directly to you and subtract out what your deductible is.  If you’ve been involved in an accident say and you have $1500 damage to your vehicle with a $500 dollar collision deductible, you’ll get a check for $1000 to pay off the damage to that vehicle so that’s what full coverage is.

In addition you may have something called uninsured motorist, this is very important because it covers you for the uninsured motorist. If you are in an accident and let’s say you are rear-ended by somebody who doesn’t have insurance or hasn’t have enough insurance this is where your policy picks up and pays first dollar.