All Car Insurance Coverage Types: Explained in Detail

Comprehensive coverage

This coverage takes care of the unpredictable moments that spring up on the road or in your driveway. Comprehensive coverage, also referred to as “comp” or “other than collision,” pays for repairs (or car replacement, if your vehicle is totaled) after your vehicle is damaged by a, vandalism, natural disaster, theft, falling tree branch,  or fire. Car glass damage is also covered under comprehensive coverage. read more

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 caused. This 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. read more

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. read more

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?  read more

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” read more

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. read more

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. read more

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. read more