|
|
Understanding Your Auto InsuranceBy Tom McKnight
Reading auto insurance policies can be like trying to decipher advanced calculus. It's really not that difficult if you understand a few basic terms. Collision, Comprehensive, Bodily Injury Liability and Property Injury Liability are the main terms you need to fully understand.
You'll appreciate Collision Coverage in the event you need repairs or replacements if your vehicle collides with another vehicle or property. The higher the deductible you elect, the lower your premiums will cost you. If you're at fault for something, well of course it would still be an accident, as I doubt you'd plan to run into that guard rail, but how much would you be able to afford to pay out of pocket for repairs? $250? $500? $1,000? Just like medical insurance, you'd have to pay that deductible amount first and then the insurance company would pay for the remaining charges for the repair.
Another term to become intimately familiar with is Comprehensive Coverage. This is the coverage that pays for damage caused from falling objects, fire, certain natural disasters, theft and vandalism. Deductibles work the same way as with Collision; the more out of pocket costs to you, the less your insurance premium.
In addition to knowing how much Collision and Comprehensive coverage you have, you'll want to know about your liability coverage. Let's say you rear-end another driver. Or your foot slips off the brake onto the gas pedal and you plow down a mailbox. Your liability coverage will kick in and pay for the damages that you caused with your insured vehicle. You liability coverage will, or could, include bodily injury (people) and property damage.
You don't want to go without Bodily Injury Coverage. If you were at fault in an accident and others involved needed to go to the hospital and/or lost wages from missing work, those costs would come out of your pocket if you are not insured with Bodily Injury Coverage. It doesn't take a genius to know how quickly those amounts can add up. This type of coverage can also help you in the event the other party takes legal action against you. Many states require you to carry Bodily Injury Coverage.
The other part of liability includes Property Damage coverage. Can you imagine how much it might cost should you accidentally drive into the side of someone's home? You wouldn't want to be caught without property damage insurance should you need to pay for repairs to another vehicle, building or anything else you might hit. As with Bodily Injury coverage, Property Damage coverage also helps protect you in the event of a related lawsuit.
Every policy will have its limits and various degrees of coverage. It's important that you understand the basics of what you are paying for and why it is necessary. No one plans for an accident, be prepared!
|
Corsa 'recall' has run its course (Independent Online)
It's been almost a year and a half since I first reported on the tendency for the rear windows of Opel Corsa Lites to shatter dramatically...
The Lifestyle 50 (Times Online)
On the face of it, what could the scientist Mark Walport, director of the Wellcome Trust, our biggest health research charity, and the childcare guru Gina Ford possibly have in common?
News > Home (News Democrat & Leader)
Hello again from historic and beautiful Adairville and south Logan County. A town where people still smile, wave to others, speak, hold doors for ladies, children are taught right from wrong and people have good manners.
Babylon A.D. (Santa Barbara Independent)
True science fiction film fans haven?t had much to chew on lately.
Gocompare.com Expands Home Insurance Comparison Service (PRWeb)
Leading insurance comparison site Gocompare.com has added five major home insurance brands - Churchill, Privilege, Prudential, Tesco and Virgin - to its home insurance comparison service. (PRWeb Aug 28, 2008) Read the full story at http://www.prweb.com/releases/2008/08/prweb1239314.htm
Bank Seeks Money from Man Who Killed his Family (KCRG-TV9 Cedar Rapids)
CORALVILLE (AP) - An eastern Iowa bank is seeking more than $556,000 from the estate of man who was accused of embezzling before he killed his family and then himself in March.
Critic's Notebook: Olympics Are Over, Back to TV (Seattle Post-Intelligencer)
Anyone else going through Olympics withdrawal? Mine started around the time the Olympic flame was extinguished during Sunday night's broadcast of the closing ceremonies. I felt a sense of deflation as I watched replays of many of the games' most thrilling moments. Also a sense of loss, even as I was being dazzled one more time by the pyrotechnics (presumably real) of the final spectacular, with ...
Webb's America (BBC News)
Will the Democratic Convention be all about the Clintons?
Cheeze ramps up business development team (e-Consultancy)
Digital direct marketing agency, Cheeze - a member of Digital Marketing Group plc, the AIM-listed digital direct marketing company, is ramping up its business development team with the appointment of Tom Griffiths as Business Development Manager. The agency is also adding more young talent with Tom...
Crisis in the ER (Hartford Advocate)
Eight-year-old skateboarder Sean Carroll lay stretched to his full 54-inch length on a bed in the Fast Track area of Bridgeport Hospital's Emergency Department. Dressed in knee-length shorts and a muscle shirt, Carroll sipped a cup of water and insisted he could walk despite his severely sprained...
|
The Times Online?Front Page
We?ve lost the one thing that kept our fragile society together: being rubbish at sport Matt Rudd Send your views News Comment Business Mon...
The Ongoing Saga of my Car Accident
Man.. will I ever stop posting about this? Hopefully, in a while. As I was out in the front yard this morning (wow, I actually had time and felt okay...
Car Buying For Your Teen
Ahh?sweet sixteen! An exciting time for kids - not so much for parents. Of course every kid dreams of opening up their gift to find the keys to...
Car Buying For Your Teen
Ahh?sweet sixteen! An exciting time for kids - not so much for parents. Of course every kid dreams of opening up their gift to find the keys to...
The mess is "easy" but the "core" is hard
The Times, this Saturday, picked up this curiosity concerning an extraordinary twist in the Saga of Stelios. Having fought tooth and nail to stop pred...
Using Zillow to Figure a Down Payment
Photo Credit: by james.thompson You?re thinking of getting a home someday. After seeing the current housing situation, you decide to be prepared f...
Sneak preview of Astom martin vanquish Celebrity Cars.
Bereits die tiefer heruntergezogene Front verleiht dem Aston Martin V Vantage von Premier einen deutlich aggressiveren Auftritt. Ferrari P by Pininfa...
Missouri automobile insurance - Hollywood cheap auto insurance - Lower Merion vehicle insurance 186
Tesco car insurance has various no-frills style insurance packages that enable customers to mix-and-match some of their policy points in order to co...
Fall TV Preview: Time Travel, Vampires and Weird Science
Crusading scientists, time-traveling dinosaurs, computer-hacking con artists and vampires who get their nightly fix of synthetic blood at the neigh...
Google stats
I love the internet! This is what you (or perhaps people like you. Or perhaps people unlike you) have been googling over the last two weeks. The top...
A day and a half
You?d think, with a new home just yearning for cleaning and new coats of paint, that that would have occupied our time today. Not so, if you are Fr...
click here to do so. I remember the feeling as though it is surfacing right now at this very moment. The thrill of knowing that I was pregnant, if o...
The beginning of the end
I've been so busy the last two weeks that I have enough to write 6 posts...and I may well have, if I had known about the *save draft* function at Typ...
The beginning of the end
I've been so busy the last two weeks that I have enough to write 6 posts...and I may well have, if I had known about the *save draft* function at Typ...
Moving: the bad
Yesterday we talked about the good parts of the move to Angelborough. There were, of course, bad parts. The bad was the stress. It was difficult be...
This will most likely be the first real Roberto carlos free kick of how the favorites
International versions of Google News available in. Souvenirs of cup triumph on sale. Got to be confident going into the pompey game now, we may get ...
New York Giants 2008 Preview Report
By Andy Benoit, www.NFLTouchdown.com Predicted: 3rd 2007 Record: 10-6 (2nd NFC East, Super Bowl Champions) Head Coach: Tom Coughlin (5th year) ...
Hastings lose Battle with FSA
You may have seen in the news the reports of Hasting Direct's massive fine £735,000 fine over some mispriced policies they sold last year and subsequ...
Thus Spake Zuska : Why Not? Blogging My D & C
Blame it on Abel, who blogged his vasectomy, and Janet, who blogged her mammogram. Also blame Drugmonkey and Physioprof, who along with Abel, Janet, ...
Car Insurance - I have learned something new!
Hi, we are about to renew our motor insurance and I have been 'shopping around' trying to get a good deal. Whilst negotiating with Saga, I mentione...
|
|
Best Sellers from
|
