:::

Information About Car Insurance Settlement Information

:::
 




:::

Information About Car Insurance Settlement Articles

:::

Determining How Much Auto Insurance Coverage You Need

By Matt McWilliams

The Three Basic parts to an Auto insurance Policy

1: Other Party:

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.

Try this simple question: What if your car was involved in an auto accident tonight where heaven forbid, someone else was injured or killed? Remember, everything you own is in the back seat of the car with you and is at risk in a lawsuit! So, what do you think their family would sue you for? $15,000? $25,000? $100,000 or even maybe a Million dollars! Where would you get the money to pay them?

Perhaps the Equity in your Home would help? How about your Savings and/or Investments? You could even have up to 25% of your wages attached to pay the award in most states! Are you prepared to sacrifice everything you own to pay an award due to this accident? If not, read on for how to choose the auto insurance coverage you need.

2: You and Your Family:

Now let’s turn the above accident around. For some unfortunate reason, you or a loved one is the one who is injured or killed in an auto accident. Where would you get the money if the person who hit you did not have auto insurance or not enough auto insurance? Medical bills can be covered if you have health insurance. But health insurance doesn’t cover loss of life, pain & suffering or permanent disability.

Maybe you have a life insurance policy through your employer or your own individual life policy. Is the benefit amount sufficient to cover your family if your loved one is killed? But even if you have life insurance, what pays for the misery, the pain & suffering, maybe the fact you or a loved one can’t walk or use their arms again?

You might have a disability insurance policy through your work if you’re lucky or had good financial advice. But disability insurance doesn’t pay for loss of life, pain & suffering, permanent loss of your legs, arm or hand.

The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.

3: Your Car

Comprehensive and Collision Coverage are the third part of an auto insurance policy and are sometimes referred to as “Full coverage.” Basically the difference is this: If you run into the tree you are covered by Collision coverage. If the tree runs into you (hypothetically of course), then you are covered by comprehensive coverage. Comprehensive also covers broken windshields, fire, theft and vandalism. The higher deductible (risk) you take here, the lower the premium. Use the savings here to purchase higher limits in the coverages that protect your assets and your family.

The bottom line to determining proper auto insurance coverage is, of course, the money available in your household budget. An excellent place to start in determining the proper auto insurance coverage for your family is to meet with your local auto insurance agent.

Most cut-rate companies concern themselves with one thing only: Price. Tell them what coverage you have and they’ll see if they can give you the same coverage for less. You become the insurance professional. If this is the only need you have then that is ok. If not, you need to seek the advice of a professional to help you determine the proper amount of coverage you need and how best to accomplish it.

Review these tips for auto insurance coverage to make sure you have enough to protect your family.

Free Quote Information About Car Insurance Settlement - Turn 21 Today!


:::

Information About Car Insurance Settlement Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Information About Car Insurance Settlement News

:::


Terrorism and Insurance: 13 Years After 9/11 The Threat Of Terrorist Attack Remains Real
NEW YORK, Sept. 9, 2014 /PRNewswire-USNewswire/ -- The year-end expiration of the federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), and its uncertain future, is creating capacity and pricing issues for terrorism insurance buyers, according to the Insurance Information Institute (I.I.I.). ...

TrueCar Now Serving Targeted Manufacturer Incentives To Customers Of Insurance Affinity Partners
SANTA MONICA, Calif., Aug. 21, 2014 /PRNewswire/ -- TrueCar, Inc. (TRUE), the negotiation-free car buying and selling platform, today announced that it has launched major enhancements to the auto buying programs for its insurance affinity partners, specifically the integration of exclusive incentives from automakers uniquely tailored to the needs of total-loss customers. Through the TrueCar ...

Watkins under fire for secretive handling of 2013 car crash involving him
Dallas County District Attorney Craig Watkins came under criticism Friday for his secretive handling of a 2013 car crash in which he rear-ended another vehicle on his way to a speaking engagement at the Park City Club.

The Watch: How municipalities in St. Louis County, Missouri profit from poverty
The uprising in Ferguson was an inevitable reaction to the institutional racism coursing through the area for decades.

Ticket to Ride
When Texas Christian University sophomore Kirina Awamoto moved to Fort Worth two years ago, she made the tough choice to leave her car in California. With insurance, parking, maintenance, and gas, the costs would have been too much, she said. She quickly figured out, though, that she still needed wheels for things like grocery shopping. [...]

D.A. Watkins opens up about money used to settle lawsuit
Dallas County District Attorney Craig Watkins spoke up for the first time Friday about a car accident he was involved in more than a year ago in a county car.

Dallas County DA under fire for secretive handling of his 2013 car crash
Dallas County District Attorney Craig Watkins came under criticism Friday for his secretive handling of a 2013 car crash in which he rear-ended another vehicle on his way to a speaking engagement at the Park City Club.

Teachers picket in Highland on first day of strike
School and extracurricular activities and practices are canceled as teachers and district leaders remain at odds. 

Lindsay Lohan 'reaches out of court settlement' with truck driver
When it comes to troubles, Lindsay Lohan isn?t unusual to them at all and she got into a major one when her car collided with a lorry. According to what the reports tells us, the driver of the...

Links 8/30/14
Lambert Strether has been blogging, managing online communities, and doing system administration 24/7 since 2003, in Drupal and WordPress.


:::

Information About Car Insurance Settlement Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com