Tag: Coverage

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Insurance

Very Cheap Car Insurance Overview: How to Choose the Right Coverage and Look for Discounts

Everybody wants a car, but nobody likes having to pay a lot of money to insure it. Whether you like it or not, you’ll need to have at least some basic coverage in order to drive legally. The internet has made it possible to search for insurance quotes of every variety and compare multiple quotes at once. These quote search and compare tools are completely free to use. Using such tools is essential if you want to find very cheap car insurance.

It helps to understand the different types of coverage. To begin, every state has minimum requirements on how much insurance you should have. At the very least, you’ll need a basic policy that covers any harm caused to the other driver’s vehicle, their medical costs, and any other miscellaneous cost they might have. Drivers who only have old vehicles that aren’t worth very much consider this to be sufficient for their needs, although they should really consider some type of personal bodily injury coverage.

Personal Injury Protection (PIP) / Medical Payments coverage is something every driver should consider adding to their policy – especially if they have children they drive around in the vehicle. This coverage helps pay for the treatments of injuries suffered by the policyholder and passengers in the policyholder’s vehicle. What it can cover, exactly, might vary depending on the provider and the state. Some policies might just cover medical payments, while others might also cover lost wages, funeral costs, etc.

Very Cheap Car Insurance Can Cover Many Risks

But, what about VERY CHEAP car insurance? How can you get as much coverage as possible without paying more than what you can afford? When comparing multiple quotes, learn about each company. How does their coverage work? What does it cover? What factors affect the way they estimate the costs associated with your coverage?

One thing you’ll really need to look into is discount options. There are numerous discounts available – some of which you might not even realize you qualify for! Discounts aren’t just for students, military personnel, corporate drivers, and good drivers with clean driving records (although you might very well quality for some of these).

There are “loyalty” discounts for those who stick with the same insurance provider, and “bundled” discounts for those who opt for auto insurance from the same company they other types of insurance from (homeowner’s, business, etc.). Do you have a good credit score? Look for a company that will give you a discount for that.

One place to begin your search for very cheap car insurance and discounts is esurance. There are very helpful tools like a “Coverage Counselor” and “Quote Comparison”.

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Insurance

Cheap Full Coverage Auto Insurance Guide: Learn About Different Options and Where to Find Good Rates

No matter which state you live in, you’ll be required by law to have at least some sort of auto insurance. The basic requirements vary from one state to the next, but essentially you’ll need enough coverage to help pay for any damage or injuries you might cause others. What if it really isn’t your fault, though? What if you wind up in the hospital yourself? Or what if you don’t have enough money to pay for having your own vehicle repaired? The best thing to do is try to find cheap full coverage auto insurance.

Check out different quotes to see how you can get a deal on comprehensive and collision insurance. There are many sites that allow you to look over various policies. You’ll likely have to enter in some personal details, like your age, state, car model and make, and how long you’ve had it. There are obviously going to be some factors that affect the types of rates you get, from your driving record to your credit rating. The higher “risk” that you are, the higher the rates you’ll get.

Try to find coupons and special discounts wherever and whenever you can. Auto insurance discounts usually come in three types: ones based on your policy, for car safety features, and for being a good driver with a clean record. The rates tend to be higher for younger drivers, as they are considered higher risk when compared to older, more experienced drivers.

Adult Drivers Can Get Cheap Full Coverage Auto Insurance

However, even if you are an adult driver who’s had your license for years, you still might have difficulty obtaining cheap full coverage auto insurance if your record isn’t the cleanest. Carefully look over the “Discounts” page of a car insurance company’s site to see if there is any type of savings you might qualify for.

There is no rule that says you have to get vehicle insurance by one of the major companies. There are many small companies throughout the country that offer decent rates. With the smaller providers, you can get a more personalized experience as well.

Think about your own limits and deductibles. If you are financially comfortable, then it’s probably okay to opt for a higher collision / comprehensive deductible. Raising the deductible obviously means that you’ll get cheaper insurance, whether you pay for it monthly or annually.

It goes without saying that you should ALWAYS read reviews and comments about different insurers when comparing rates. One place that’s been getting plenty of reviews these days is esurance. There are tons of cheap full coverage auto insurance esurance discounts that you might quality for.

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The Best Car Insurance Coverage For You

One of the most important things when buying a car is to look for car insurance quotes. This is something most people are not too excited about because it could take some time to find the best insurance for your vehicle. Yeah, the car is nice and we're thrilled to buy it but there's more money to invest and insurance is something you absolutely can't avoid.

Comparing car insurance policies should be on every car owner's list. Even if you already have a car and you have to renew your car insurance policy, there's no way in just going forward with whatever company you signed up with. There are much better offers out there waiting for you so if you want to save some money, the best thing is to to take your time and compare different offers. It's just like any other item you want to buy but you can save a lot more if you can find the best offer.

There are many options to choose when getting car insurance: liability, collision and comprehensive coverage are only the most well known. Having more than one car is another great reason to be very careful when you're trying to make a new insurance deal. Here are some of the best things you can do when looking for a new car insurance deal.

First of all, you should see which are the requirements for the minimum necessary coverage in that particular state. You could also look for guidance in an insurance agency because they are there to help and will not always be keen to only get your money, some of them could really help.

When contacting a local insurance dealer, you should be ready to provide some basic information like your driver's license number, your vehicle identification number, the model of the car and the year when you purchase it. Every little detail could count when getting a cheaper insurance policy so be ready to give as much detail as you can.

You could get a great deal for having more than one policy with one insurance company so be ready to negotiate terms if you are the owner of two or more cars. There's also another important aspect: do you have a clean driving record? If you had some accidents in the past, it will all add up to the costs of your new car insurance. Taking a defensive driving course is a great plus when it comes to negotiating terms on your car insurance.

If you are a single guy, if you are under 25 or even under 21 years of age you will certainly have to pay more to get the insurance for your vehicle. There is even a type of insurance where you pay for every mile you drive. This is especially applied for young drivers who present a great deal of risk from the insurance companies point of view.

One thing is for sure: companies will charge different rates for the same type of insurance so you'd better search for the best offer there is.

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The Basics Surrounding Insurance Claims and Coverage for Car Fires

If your car catches fire, there are some things you need to know about insurance coverage and the claims process. Since there are different scenarios that can cause a car to catch fire, you can expect to come across different limits of coverage and procedure for each. Continue reading to learn some basic information about car insurance claims and coverage in the case that a vehicle is burned down in a fire.

Car fires will clearly do a lot of damage to a vehicle. In most cases, cars are rendered a total loss after an engine or chassis fire. Fortunately, most insurance policies offer additional coverage for fires. This is called “comprehensive coverage”, and it will cover damages caused by a fire regardless of how the blaze occurred. However, this type of coverage must be purchased before a fire occurs. Some of the most common causes for automotive fires include car accidents, engine fires, garage fires, and arson.

Motor Vehicle Accidents

Motor vehicle accidents are one of the most common causes for car fires. Serious vehicular collisions and accidents can damage fuel lines and fuel tanks, which leads to gasoline leakages. A tiny spark from metal colliding together is all it takes for combustion to happen. This is often the reason why fires break out after a car accident.

In terms of insurance coverage, the answer can be complex. Depending on how the blaze occurred and the parameters of your coverage, the damage could fall under comprehensive or collision. It is necessary to discuss this with your insurance adjuster to learn the details pertaining to your particular policy. If you do not have collision coverage insurance, there is still a possibility that it could be covered under comprehensive.

Garage Fires

In the case of garage fires, which are more common than you think, vehicles can experience a severe amount of damage. Most of the time, they are rendered totaled. Because garage fires are commonly caused by a household hazard or malfunction, people tend to assume that homeowners’ insurance will cover the damages to their vehicles; but the truth is that homeowners’ insurance never covers vehicles. Instead, cars damaged in garage fires are only covered under comprehensive coverage.

Engine Fires

Engine fires generally result in a total loss vehicle. That is because the cost to purchase and install a new engine is often close to the actual cash value of the vehicle. In this case, comprehensive coverage will cover engine fires. However, it is important to know that car insurance policies do not typically cover mechanical defects inside car engines. Fires are the exception to this rule. Whether a vehicle is a total loss or not, a car insurance policy will likely pay the actual cash value of the vehicle minus the owner’s insurance deductible.

Arson

There’s not much to say about the criminal act of arson, except that it does happen to vehicles and the damages can be covered by car insurance policies. Comprehensive coverage covers vandalism, so if a vehicle is intentionally set on fire, the damages are covered so long as a police report is made.

Sell a Totaled Car for Cash

If your car is damaged in a fire, you likely have a total loss vehicle on your hands. Sell your totaled car for cash on the spot to a local junk car buyer. They will pay you cash for the actual cash value of your vehicle. This is sometimes more than what you can get from your insurance company!

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Insurance

The Advantages of Motorcycle Insurance Coverage

Riding a motorcycle can truly be a one-of-a-kind experience. By traveling on the open road, bikers feel a sense of freedom and independence. With nothing but the wind in your hair and sun on your face, you can truly feel as if you can achieve anything and go anywhere. However, riding a motorcycle also presents risks to those who ride. With little protection between you and the rest of the world (and other cars), it is important to understand the related hazards and take appropriate actions to mitigate them as much as possible.

Along with wearing a helmet and appropriate safety attire and keeping your bike in optimal condition, you should also consider purchasing motorcycle insurance to protect yourself and your expensive investment. There are several options one has in determining the type of coverage you can buy, but since it is required by law, motorcyclists should research their options to make sure they are paying for the most beneficial plan for their individual situation.

By being the owner of motorcycle insurance, you can protect yourself from the following conditions:

  • Major or minor collisions
  • Injury, for you and other motorists
  • Accident liability coverage for other motorists, as required by law
  • Theft
  • Weather damage
  • Vandalism
  • Various other circumstances

Accidents can be expensive and citations (for driving without insurance) can be costly and complicated to endure. Having insurance alleviates both of these issues. By purchasing insurance, you can gain peace of mind by knowing that you will be covered (monetarily) in the event of an accident or other incident. With the other concerns that come with riding a motorcycle, insurance can help you and your family rest easier at night.

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Insurance

The Basics of Motorcycle and Moped Insurance Coverage

Discover Your State's Opinion on the Difference between Moped and Motorcycle Insurance

Mopeds and motorcycles might both be motorized bikes, but there are some very important differences between them. In many states for insurance, registration and inspection purposes, mopeds that have no gears or shifting mechanisms and engines that are less than 50 cubic centimeters will often not be considered motorcycles and will instead be treated as small recreational vehicles similar to snowmobiles.

In the state of New Jersey, the DMV states that they consider motorcycles to have engines that are 50 cubic centimeters and higher and to have a permanent saddle seat or platform for the driver. Mopeds, which are exempt from state inspections, must have pedals for traditional cycling and a motor of less than 50 CCs with the ability to reach speeds no greater than 25 miles per hour. Scooters, however, are treated as motorcycles no matter what size their motor.

Check out your state's DMV to see how they categorize your new set of wheels.

Meet the Basic Insurance Requirements

Once you've determined how your state classifies your vehicle, you must understand what the insurance requirements are. While these requirements might offer minimal coverage, it's a starting place to at least comply with state regulations. Generally speaking, each state will have the same requirement for motorcycle insurance as they do for standard automobiles. The state of Washington, however, does not require insurance for mopeds or motorcycles. And in the state of Louisiana it doesn't matter what you ride because to register either a moped or motorcycle, you have to follow the same set of insurance guidelines.

Once you've clarified the basic requirements you must meet for proper coverage in your state, your next step is to determine how practical these minimal requirements are. Often, the state-required limits leave motorcycle and moped drivers exposed to financial risks after an accident. For instance, your state likely has no requirement about comprehensive or collision coverage-which leaves you paying out of pocket for damages to your bike after a theft, fire or collision.

Instead of settling for the minimums, think about how much is at stake in an accident and get affordable coverage that actually protects your investment.

Custom Parts and Equipment Coverage

Finally, both mopeds and motorcycle drivers may want to consider custom parts and equipment coverage. If you have customized your bike-added any electronic equipment or a sidecar, had it custom painted or plated, added a new exhaust system or invested in pricey safety apparel or a trailer, then your comprehensive coverage in your standard insurance policy may not offer you enough to replace the cost of the items and installation after an accident.

As mentioned, comprehensive coverage does offer some benefits for custom parts and equipment, but the limit is lower than many bike upgrades cost.

Getting the right insurance coverage for your moped or motorcycle means protecting your wallet from the cost of accidents and damage to another's property. It ensures not only that your bike will have some financial protection but also that the others around you will get the right reimbursement after being involved in an accident with your bike. Call an agent and find out all the different points you should consider to have your bike covered properly.

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Insurance

Getting the Right Motorcycle Coverage to Fit Your Budget

Just like with automobile insurance, every state requires anyone who rides a motorcycle to have at a bare minimum liability insurance to cover medical costs and property damage of another party if the motorcyclist if found at fault in the accident. Additionally, if the motorcycle is financed, the finance company will likely require the motorcyclist to carry comprehensive and collision coverage as well. While there are similarities between purchasing automobile and motorcycle insurance coverage, knowing the differences can save money while making sure you have adequate coverage for your needs.

Determining the Right Type of Motorcycle Coverage

The type of coverage a motorcyclist needs depends on how the motorcycle is used. For example, if a motorcyclist does not have another person riding on the bike, then it is possible to opt out of coverage to insure a passenger. For motorcyclists in the colder regions of the country, it is possible to get coverage for the months that the motorcycle is not in storage. If the motorcycle is older and not financed, it might not be worth carrying collision and comprehensive insurance, since the cost of the premiums and the deductible will likely exceed the amount the motorcycle is worth.

Finding Motorcycle Coverage to Fit Your Budget

The means to saving on motorcycle insurance premium starts with understanding what determines the rate the insurance company charges for motorcycle insurance. The calculations start with the type of motorcycle owned. The premium rate is higher for sports models of motorcycle, so even though the new great looking bike with all the speed features might impress others, it will depress a bank account balance with the insurance payments as compared to a standard older motorcycle. Age also plays a fact or in determining the rate a motorcyclist pays; those who are in their 20's pay higher rates than older motorcycle riders pay. In addition, the amount of the deductible affects the insurance premium, if you can carry a higher deductible, in essence self-insure for minor accidents; it is possible to pay a lower premium.

Keeping Low Rates for Motorcycle Coverage

Once motorcycle coverage is obtained, strategies exist to keep insurance premiums reasonable and even reduce them. When a motorcyclist has small claims, it is better to go ahead and pay the expense rather file a claim because the insurance carrier considers each claim filed as evidence as increased risk. Additionally, check your driving record periodically as error can arise just as they do in credit reports. As a point of information, the credit score of a motorcyclist also affects insurance rates so try to maintain a good credit score.

While it make little sense to over pay for insurance coverage, it is wise not to underinsure either, since the motorcyclist will be held financially responsible for any expenses not covered by insurance.

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Insurance

Why Do You Need to Have an Adequate Car Insurance Coverage?

Nowadays, when you buy a car, you must also carry adequate insurance. You may be wondering why do you have to cover the extra cost of the insurance. Actually, the premium is affordable and you can get discount when you buy it online. It is common for people to get into accident every once in a while. Therefore, it is best to always equip yourself with adequate insurance coverage just to be on the safe side.

Driving a car without car insurance is illegal. If you get caught, you may get a hefty fine. The premium of your car insurance policy must meet the minimum requirement of your state. Every state has different insurance requirements. Most of the states require you to have liability insurance. Some states like New York and Florida require drivers to have a personal injury protection.

Having an adequate car insurance can protect your finance in case you encounter an accident. If your car collide with someone else’s car and you are at fault, you will have to pay an expensive damage fees. The damage fees will cover the other party’s car’s damages along with the hospitalization or medical fees of the driver or passengers.

The damage fees often reach up to a few thousands dollars. You will be broke if you use the money from your savings to pay the damage fees. If you don’t pay for the damages, the other party may sue you in the court. If you have an insurance policy, you just have to file a claim and they will reimburse the damage fees.

You may want to consider getting a comprehensive/collision car insurance as it not only protect the damages of the other party’s car but also the damage you suffer as a result of the accident. Many people who drive on the highway don’t carry enough car insurance. For this reason, if someone collide with your car and run away, you will at least can claim the damage fees from your insurance company.

Comprehensive/collision coverage provides coverage when you accidentally hit an animal that is crossing the road. It covers damages on the broken windshield, hail damage, fire damage or collision that happen as a result of a storm. Your comprehensive insurance will also reimburse the compensation on a stolen vehicle that has gone missing for over 1 month.

It gives you coverage over any type of vandalism performed on your car, for example, someone uses a key to scrap the paint off your car. It offers coverage when your car is damaged due to high flooding water caused by a hurricane. It is your comprehensive coverage that will pay for the damages when your car is being smashed by a fallen tree.

The comprehensive coverage will protect your vehicle when it is parked in place. Your home insurance will not provide coverage when the garage collapse or other physical damages happen when it is parked.

When purchasing car insurance, you have to choose a deductible. The deductible is the amount that you have to pay upfront when you want to claim a compensation. Higher deductible reduce your annual premium cost but lower deductible can increase your annual premium cost.

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Insurance

What Types of Insurance Coverage for the Ice Cream Truck Business?

Ah, the wonderful sounds of summer: the joyful chirping of birds, the slap of the seashore, the laughter of children frolicking outdoors – and the chiming tunes notifying neighborhood kids of all ages that the ice cream truck has arrived.

Ironically, that happy sound of music announcing the ice cream truck brings untold sadness to some. For the mothers, fathers and siblings of those kids killed in a related accident, the sound will never be reconciled with.

Although accidents can occur and associated insurance coverage can come with financial shielding, the dangers associated with this type of mobile frozen confection store and excited children looking forward to a favorite treat need careful consideration. There are things that parents, caregivers and ice cream truck operators can do to mitigate the risks of fatalities and serious injury. These include installing more mirrors on the vehicle and a safety bar to block children from getting in the blind spot’s way, as well as other safety mechanisms.

As far as the insurance companies are concerned, any equipment installed to prevent accidents may result in some form of discount on a commercial auto premium. It can also make rates lower on an already-discounted insurance package that combines commercial auto insurance with a business owners policy.

For reading convenience, we’ve listed the various forms of coverage related to this business below.

Special Commercial Auto Insurance for the Ice Cream Truck Business

• Commercial Auto Liability Coverage

Every US state requires commercial auto liability coverage to protect businesses from bodily injury liability when an accident occurs. This coverage also protects from property damage liability when the other car is damaged or when buildings or other property is damaged.

• Collision Coverage

If the driver of an ice cream truck caused an accident resulting in damage to his or her own truck, this insurance will help with the costs of repair or the costs to replace the truck if repair work is not an option.

• Medical Payments Coverage

This insurance will help pay for medical costs if the truck driver or passenger is hurt in accident.

• Uninsured/Underinsured Motorist Coverage

Uninsured or Underinsured Motorist coverage can help pay for damages incurred to the truck by another driver if he or she is either uninsured or underinsured and cannot fit the repair or replacement bill entirely.

For further information on insurance – commercial auto or business – speak to a professional independent agency that has its customers’ interests at the forefront.

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When Did You Last Review Your Insurance Coverage?

When is the last time you compared rates on your home and auto insurance policies? Unfortunately, policies held for a long period of time accompanying a stellar safety record don't always translate into lower insurance rates. Even if you think you have a good rate, shopping around periodically is smart.

After receiving my April newsletter and attempting to follow my advice of maintaining an umbrella insurance policy, one of my readers contacted his insurer to add coverage. This reader was shocked when his insurer informed him that he didn't qualify for an umbrella policy because he didn't carry sufficient liability insurance on his auto policy. (Minimum auto liability insurance – frequently $ 500,000 – is required in order to purchase umbrella coverage.) Although this individual had owned his policy for eight years, he was unaware that the policy only provided $ 50,000 of liability coverage. This amount was clearly insufficient for an individual approaching and preparing for retirement.

In addition to realizing that he was severely underinsured, this individual discovered he was also paying excessive premiums. For only $ 50,000 of auto liability coverage, this person was paying $ 914 per year. Moreover, the individual realized he was paying $ 351 per year for the $ 350,000 of liability coverage the individual had on his condo.

Consequently, in total, this person was paying $ 1,265 per year for $ 50,000 of auto liability and $ 350,000 of home liability coverage.

This individual then spoke with an independent insurance agent to increase auto liability coverage to an amount that enabled him to obtain an umbrella policy. This was critical, as it dramatically decreased the individual's liability exposure, a risk an individual with accumulated assets clearly shouldn't have. Even better, the individual was able to obtain dramatically improved rates on his policies. For a total of $ 1,207 (less than he was previously paying!), The individual was able to secure $ 1,000,000 of auto liability coverage, $ 350,000 of home liability, and an additional $ 1,000,000 umbrella policy.

Clearly, it can be beneficial to occasionally review and compare rates on your insurance policies. People tend to believe that policies that have been owned for extended periods of time are efficiently priced, but it may be the opposite. If you haven't verified that you are adequately insured and conducted a cost comparison recently, speak to an independent insurance agent and minimize your exposure with cost-effective policies.