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Auto Insurance

Explained

Explanation of Auto Insurance Liability Insurance Explained Liability insurance provides you coverage if you happened to be involved in a car accident and it is proven that the accident occurred as a result of your actions. This type of insurance provides coverage against any property that might be damaged as a result of an accident as well as coverage for any medical bills incurred from injuries sustained. Most of the states have rules for the minimum amount a driver must have for liability insurance coverage. But if you have the financial ability, it is advisable that your liability insurance exceed the minimum coverage amount requested by your state. This will give you extra protection just in case you are responsible for an accident and the liability claims are above your coverage limits. You don’t have to put yourself at risk of paying large sum of money because of the inability of your policy to accommodate the claims Collision Coverage Explained If your vehicle is covered under this plan and you are involved in a collision, this coverage will take care of any repairs that will be carried out on your car, in cases where your car was completely wreaked, and the cost of repairing the car is more than the real value of the car, this insurance plan will Pay you damages for the total value of your car. In case you have an older vehicle, having a collision coverage might not be useful although the value of the car will determined if you need a collision coverage or not. But if on the other hand, the car is a new one or a very expensive one, having collision coverage is important as it will help to re-establish you to your position prior to your car’s damage. And for those who possess a lien on their can, collision coverage is a necessity. Comprehensive Coverage Explained It is not only accidents that your car could get involved in, there are other situations that come up that are not related to accidents, for instance, the car could get stolen, you could hit a dog, or the car could be damaged. Your insurance company will not take responsibility for these losses because provisions are not made for them in collision liability insurance. Such situations are only covered under comprehensive insurance. Comprehensive insurance is a good coverage if it is within your budget limits, and if you have tracking and anti- theft device installed in your car, it will help to slightly lower the cost of comprehensive insurance This insurance is very expensive and you may not really need it, more importantly if you can easily replace your car. For those who possess a lienholder, comprehensive coverage is a necessity.  Personal Injury Coverage Explained While you don’t necessarily need a comprehensive insurance, Personal Injury Protection (PIP) on the other hand is non- negotiable. The costs incurred from an accident can easily pile up; Personal Injury Protection is solely provided to help you cover those costs. Under this coverage, any medical expenses you incurred in addition to those incurred by your passenger will be paid fully irrespective of the person responsible for an accident. Uninsured /Underinsured Motorist Coverage Explained Though the state laws commanded every driver to be insured, regrettably, most drivers don’t comply with this directive, another problematic situation is that though a driver may possess liability insurance, and the minimum coverage amount mandated by most states is so low that it might not sufficiently cover the damages caused by an accident. You get more information on insurance coverage here.

FOR ALL YOUR INSURANCE

NEEDS CLICK THIS LINK

Will driverless cars mean the end of

auto insurance?

Self-driving cars are the wave of the future. But what about insurance if no one is driving them? Driverless cars could mean a huge downsizing of the auto insurance industry, as the frequency of accidents declines and liability shifts from the driver to the vehicle’s software or automaker. Self-driving cars, such as the fleet Google has been operating for several years, are still mostly a curiosity. But it seems inevitable that they will become a significant part of the nation’s transportation infrastructure in the near future. And that could mean a huge downsizing of the auto insurance industry, as the frequency of accidents declines and liability shifts from the driver to the vehicle’s software or automaker. It could also greatly reduce what we pay for car insurance. For more information about insurance for self-driving cars click on the link below. Read more: http://www.csmonitor.com/Business/Saving- Money/2016/0123/Will-driverless-cars-mean-the-end-of- auto-insurance
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Auto

Insurance

Explained

Explanation of Auto Insurance Liability Insurance Explained Liability insurance provides you coverage if you happened to be involved in a car accident and it is proven that the accident occurred as a result of your actions. This type of insurance provides coverage against any property that might be damaged as a result of an accident as well as coverage for any medical bills incurred from injuries sustained. Most of the states have rules for the minimum amount a driver must have for liability insurance coverage. But if you have the financial ability, it is advisable that your liability insurance exceed the minimum coverage amount requested by your state. This will give you extra protection just in case you are responsible for an accident and the liability claims are above your coverage limits. You don’t have to put yourself at risk of paying large sum of money because of the inability of your policy to accommodate the claims Collision Coverage Explained If your vehicle is covered under this plan and you are involved in a collision, this coverage will take care of any repairs that will be carried out on your car, in cases where your car was completely wreaked, and the cost of repairing the car is more than the real value of the car, this insurance plan will Pay you damages for the total value of your car. In case you have an older vehicle, having a collision coverage might not be useful although the value of the car will determined if you need a collision coverage or not. But if on the other hand, the car is a new one or a very expensive one, having collision coverage is important as it will help to re-establish you to your position prior to your car’s damage. And for those who possess a lien on their can, collision coverage is a necessity. Comprehensive Coverage Explained It is not only accidents that your car could get involved in, there are other situations that come up that are not related to accidents, for instance, the car could get stolen, you could hit a dog, or the car could be damaged. Your insurance company will not take responsibility for these losses because provisions are not made for them in collision liability insurance. Such situations are only covered under comprehensive insurance. Comprehensive insurance is a good coverage if it is within your budget limits, and if you have tracking and anti- theft device installed in your car, it will help to slightly lower the cost of comprehensive insurance This insurance is very expensive and you may not really need it, more importantly if you can easily replace your car. For those who possess a lienholder, comprehensive coverage is a necessity.  Personal Injury Coverage Explained While you don’t necessarily need a comprehensive insurance, Personal Injury Protection (PIP) on the other hand is non- negotiable. The costs incurred from an accident can easily pile up; Personal Injury Protection is solely provided to help you cover those costs. Under this coverage, any medical expenses you incurred in addition to those incurred by your passenger will be paid fully irrespective of the person responsible for an accident. Uninsured /Underinsured Motorist Coverage Explained Though the state laws commanded every driver to be insured, regrettably, most drivers don’t comply with this directive, another problematic situation is that though a driver may possess liability insurance, and the minimum coverage amount mandated by most states is so low that it might not sufficiently cover the damages caused by an accident. You get more information on insurance coverage here.

FOR ALL YOUR INSURANCE

NEEDS CLICK THIS LINK

Will driverless cars mean the end of

auto insurance?

Self-driving cars are the wave of the future. But what about insurance if no one is driving them? Driverless cars could mean a huge downsizing of the auto insurance industry, as the frequency of accidents declines and liability shifts from the driver to the vehicle’s software or automaker. Self-driving cars, such as the fleet Google has been operating for several years, are still mostly a curiosity. But it seems inevitable that they will become a significant part of the nation’s transportation infrastructure in the near future. And that could mean a huge downsizing of the auto insurance industry, as the frequency of accidents declines and liability shifts from the driver to the vehicle’s software or automaker. It could also greatly reduce what we pay for car insurance. For more information about insurance for self- driving cars click on the link below. Read more: http://www.csmonitor.com/Business/Saving- Money/2016/0123/Will-driverless-cars-mean- the-end-of-auto-insurance