Auto Insurance Questions Archive for 2010

  • What is Liability Coverage?

    Liability coverage is specifically for bodily injury, such as when an insured driver is responsible for inflicting bodily harm, injuries, and even death of a third party. Take note that liability coverage does not cover harm that may come on you or your own passenger, given that you are the driver responsible for the harm. Liability coverage is only responsible … (more) May 9, 2010

  • What are the easy steps that teenagers must follow to have lower price of car insurance?

    Owning a car has been a trend for almost all teenagers and college students. Car owners have set a fad statement in the university. Apparently it became a necessity, for it is much easier and comfortable when students own their car. Nonetheless, parents see this as another way of teaching their child and making them more independent. Owning a … (more) May 8, 2010

  • What are the pros and con of applying auto insurance online?

    The internet is an efficient and popular means of finding information. Meanwhile, auto insurance companies have taken this advantage to improve their services for the coverage needs of drivers and motorists. A study conducted just last year proves that there are more people applying for coverage on the internet, with results showing that 68% of new auto insurance customers apply … (more) May 7, 2010

  • What is the difference between GAP Coverage and Total Loss Coverage?

    GAP or Loan / Lease Pay-off Coverage, as the term implies, does have something to do with car loans and leases. It offers protection to drivers or vehicle owners whose loaned or leased cars obtain costs of damages that exceed the actual monetary value of the vehicle. In other words, if the leased car is damaged beyond possible repair, the … (more) May 6, 2010

  • How do car insurance rates vary?

    Car insurance rates vary from company to company. Teenagers, as well as their parents, would like to know the factors that determine the rates of their car insurance and their policies. This kind of factor actually differ in every company, which is why some teenagers will notice that there are companies that offer cheaper insurance rates than the other. Sometimes, … (more) May 5, 2010

  • How is Actual Cash Value determined?

    Actual Cash Value (ACV) is a method of valuing insured property. It is also defined as the replacement costs that insurance companies pay for one’s damaged property after subtracting depreciation. The general rule in order to calculate the value of one’s vehicle includes taking into account the effect of depreciation due to wear, condition, and aging. But, each company has … (more) May 4, 2010

  • Where and how should I apply for auto insurance?

    Drivers and motorists must apply for auto coverage at an insurance company that they trust and are familiar with to give them quality protection. It would be easier to apply for auto coverage with that scenario; thus, one has to simply approach the company and avail their financial reimbursement. For those who have yet to find a trustworthy company, there … (more) May 3, 2010

  • Why does the government require drivers to have car insurance?

    The government requires drivers and motorists to have car insurance for the same reason why it enforces law and order: it is for the people’s safety and protection. Many accidents happen on the road, and people need financial protection and reimbursement in case they find themselves caught in one. This is to ensure that both and motorists won’t have to … (more) May 2, 2010

  • What are the benefits of maximizing insurance coverage limits?

    Coverage limits refer to the maximum amount of insurance that will be paid per person, per incident, respectively. Insurance coverage comes in different types; as well as limits which are provided in the terms and conditions. Coverage can range from damage to property, car theft, vehicle collisions, and even health care. Normally, a motorist would be able to determine easily … (more) May 1, 2010

  • What Info do I Need to Provide when Obtaining a Quote?

    Most motorists looking to purchase or renew their car insurance are now aware of the many other options in this day and age. Going to an insurance company and purchasing coverage there is no longer the only option. There are now a number of alternatives and many of them can be found on the internet. Free Auto insurance quotes can … (more) April 30, 2010

  • Do I need to buy new car insurance when moving to another state? If so, how do I get one?

    It is highly recommended that one purchase new coverage in the new state, especially if one is staying there for more than six months. This is to make sure that drivers could avoid any potential questionable coverage-issues and maybe even state penalties. Even if almost all of all the US states have a general rule in requiring drivers to have … (more) April 29, 2010

  • How can I protect myself from uninsured drivers?

    The dangers of having uninsured drivers or motorists on the road is that they have no financial coverage when they cause an accident. This is bad for the injured parties, especially in third party car insurance, because they hardly have any chance for being reimbursed for their damages and injuries. And there is also the trouble of the uninsured driver … (more) April 28, 2010

  • How to claim a Totaled Car?

    Some people want their cars back even after an accident. Even though it was deemed useless and uneconomical, they would take it back. There are individuals who get so attached to their cars that they would want it back whatever it might takes. People who act this way, when faced with a “totaled” assessment by their insurance company would usually … (more) April 27, 2010

  • How does Insurance Coverage Work?

    Understanding coverage The most important thing to remember about insurance is that everything is recorded in paper. This means that the company keeps a record of all related elements including the terms and conditions of your agreement with the company. When filing for a claim always remember this fact and also remember that there are terms and conditions of your … (more) April 26, 2010

  • How does Claims affect premiums?

    The relationship of Claims and Premiums The relationship between the two can be quite confusing. It depends on the state that you are living in and it also depends on the kind of policy or claims that you have made. Some claims do not affect your premiums but there are those that really affect them. The real question here is … (more) April 25, 2010

  • How does Insurance claims work?

    Knowing insurance claims Those new to insurance probably do not know what claims are. Claims, simply put, are the application for the benefits that they are they are able to get from their agreement with the companies that they have made an agreement with. This is essentially a process for you to be able to get what you have paid … (more) April 24, 2010

  • What is Gap Insurance and how can if affect me?

    Learning about “Gap” There are times when people often wonder why their insurance companies do not help them even though they applied and paid for “full coverage”. The simple reason for this is that full coverage does not actually mean full. It just means extended. Usually, full coverage usually includes accident and non accident events.  They do not mean that … (more) April 23, 2010

  • How can I protect myself from insurance companies?

    Protecting yourself from insurance companies We usually see television commercials that tell us that insurance companies are there to help us and care for us. This may have a tinge of truth in it since they provide a service that is in essence a service that secures and protects but the fact is that they are a business. They do … (more) April 22, 2010

  • How does Salvage Title affect me?

    A salvage title is a title issued by the state for severely damaged vehicles. The damages of these vehicles are said to be so severe that the cost of their repairs are more than the actual cost of the vehicle. They are given for individuals who are Insurance companies usually give these cars a tag of “Total loss”. These titles … (more) April 21, 2010

  • How can I negotiate my insurance claim better?

    Things to know in negotiating insurance claims Get facts straight People who process insurance claims need detailed, specific information about the accident in order for them to properly determine the best course of action for your situation. If you do not give them the right information about the accident then chances are that they might not be able to … (more) April 20, 2010