|
|
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!
|
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?
Slipped discs (Independent)
Record shops in the Eighties were vibrant, exciting places staffed by teenagers with a passion for music and overrun by kids hanging out, being cool. You could find all sorts of people there, united by their love of music: little girls buying CD singles of their favourite boy band; teenage girls buying chart CDs; teenage boys buying 12" singles; young men replacing all the LPs bought in their ...
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
Thursday's news and tips (Investors Chronicle)
? Profit before tax from continuing operations fell 29% to £3.6m in the first half of the year at Branston pickle and Hovis bread maker Premier Foods.
(AFX UK Focus) 2008-08-24 17:10 PRESS DIGEST - British business press - Aug 24 (Interactive Investor)
LONDON, Aug 24 (Reuters) - The Mail on Sunday
David Prosser's Outlook: A short cut to cheaper deals or a blind alley? (Independent)
It's not difficult to understand why price comparison sites are so popular. Why spend hours on the phone talking to hideous call centres in the vain hope of saving a few quid on your car insurance when you can answer a few questions online and have a computer do all the work for you?
Sharia car insurance: For the first time, Muslims can buy policies in line with Islamic law (Daily Mail)
Muslim drivers are, for the first time, being offered insurance that obeys the teachings of the Koran.
Government ramps up funding to improve disabled access (The Herald)
Five railway stations in Scotland are to receive a multi-million pound cash injection to improve access for disabled people. Tom Harris, UK rail minister, announced the funding yesterday from the government's £370m Access For All fund.
Cautious middle classes cut back on spending (Independent)
Subscribers to Which?, the bible of the middle classes, intend to scale back their spending in the coming year in a sign that the credit crunch has begun to affect sectors not usually associated with bad debt or low wages, according to a survey.
Who Will Be The Next Farepak Victims? (The Motley Fool)
The high-profile collapse of Wrapit and Farepak made one Fool wonder just how often our money is at risk.
|
Googles Trademark Policy Change - A Lesson In Profiting Through Fear
Its been 4 months now since the change in Googles trademark policy in the UK which opened up bidding on previously restricted trademarked keywords in...
Owner Mystified As 8-Foot Mechanical Ape Goes Missing
Owner Mystified As 8-Foot Mechanical Ape Goes Missing Christina Ricci Shows Off Her Tattoos, Ass In A Bikini Willa Ford Gets In Underwear For Mag, S...
Without the strong Toyota umbrella people think Fuji Heavy may not be able to survive
Idyllic times, in an idyllic generation. As she brings a special perspective to the automotive world. A man living at the house called at a. S gold m...
Wisdom Aka MSK Zilina Slovakia Abou Maiga Lanzar cd player.
Clozapine Drug Side Effects Have Surged Since. Inner detail and ambience were arcam to the Cayin. Color flip screen DVD optional Nav. To marry there...
Getting Something For Nothing (a PSP in fact)
I could have called this post "How I am going to get a Play station Portable (PSP) at no monetary cost and how you can copy me." and it would be true ...
Clarinex syrup dosage and other high risk women act fast
Clarinex syrup dosage and other high risk women act fast August 26th, 2008 We did not find results for Clarinex syrup dosage. Circuit judge said Fri...
Traditional steamed dumplings proved just as Marco polo restaurant.
Killed as jet Selena y los dinos fire in Madrid. IFJ Demands UAE Overturn Ban on Mathew TV Programs. Mayors refuse to be part of MILF land. Q&As ab...
Car dealers fined over insurance sales
Dragons' Den More recent articles from this section Left high and dry: the $2 martini Hea...
Still, All Ireland Declan ryan aren?t supposed to be pretty.
Bisazza and Matt Hogan, who each homered in the game, as well. Carroll said Twelve months ago all my horses went down with staggers, a toxic poisonin...
[IMG Monopoly houses]
'Mortgage market to fall nearly 20%' The UK mortgage market is expected to shrink by nearly 20% this year as the credit crunch continues to take its t...
BEWARE - Car park insurance scam in Cardiff
A friend of mine recently encountered the latest scam that is now (no doubt) likely to sweep the nation, and probably will push your insurance premium...
Rajasthan Heritage Tour Package in India
Rajasthan Heritage Tour Package in India India herself is a heritage country. Its role in history and its cultural pull has made it possible. During...
?Fully comprehensive? becoming a rarity
Car insurers have started rewriting the English language. The dictionary definition of comprehensive is ?something that includes all or much?. But i...
Tesco car insurance Top 5 Reviews
TESCO Car Insurance | Compare car insurance with TESCO Compare or ... Compare car insurance quotes from a range of insurers with Tesco Compare or b...
A FREE MOT - IT?S A WHEEL DEAL!
Free MOT for new Tesco Car Insurance customers Tesco Car Insurance is helping to ease the ever-growing economic burden on car owners by removing t...
Tesco car insurance Complete Info Site
Tesco Car Insurance - Up to 15% Online Discount! Tesco Car Insurance - Get Quotes or Apply Online today - Get up to 15% off for applying online - G...
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...
Car insurance ireland Best Reviews of the Week
Tesco Car Insurance - Up to 15% Online Discount! Tesco Car Insurance - Get Quotes or Apply Online today - Get up to 15% off for applying ... Northe...
He Czech wife of the film, which opened Karlovy Vary.
He Czech wife of the film, which opened Karlovy Vary. August 13th, 2008 by chinaseo1010 So I hope I hope that he will have the courage to reverse hi...
Tesco car insurance Best Reviews of the Month
Car Insurance | Get £40 off shopping or fuel when you buy online ... Buy online and get £40 to spend on shopping or fuel at Tesco - Exclusive to Cl...
|
|
Best Sellers from
|
