Posts Tagged ‘damage’
Save your Cars by Insurance
Do you think much about car insurance rates before you buy that car you’ve been dreaming of for years? If not, you should be, because the car you ride makes a big importance in what you will pay for insuring it. The Highway Loss Data Institute (HLDI) accumulates and analyzes information regarding the insurance costs of every car make and model present on the road according to theft rates, repair costs, number of claims filed, safety and damage to infrastructure. the cost to insurance companies from theft, collision, and injury claims as they relate to cars. Read the rest of this entry »
What is happening to the weather?
For the last year, the US has been focused on healthcare. Politicians of all shades of opinion have been pitching in on how well or badly the insurance industry serves the people when they are injured or fall ill. This has diverted attention away from the other hazards and perils supposedly covered by insurance policies. Go back to 2005 and Hurricane Katrina forced the question of insurance against weather perils on to the national scene. Katrina was one of the most devastating hurricanes of all time, and it forced Americans to have another more detailed look at who should pay for losses when the weather comes into town. For months, there were headlines about seemingly high-profile cases being fought through the courts on what exactly was covered as storm damage. Then, it all faded away. People may still struggle to find storm and flood insurance depending on where they live, the policies may be written in ways that limit the insurers’ liability, but the news media has moved on to other problems. For now, you are on your own. Read the rest of this entry »
Myth and Reality of Your Auto Insurance
As a teenager playing a video game without reading the instructions again, many adults buy auto insurance without understanding what they are buying. Impulse buy to feel “covered” but not paying attention to the details of coverage. This can be fustrante. The following are five myths heard by 13.000 Progressive claims representatives, one of the largest insurance companies in America.
Myth: I bought “full coverage” means that “covers everything”.
Reality – The phrase “full coverage” if translated to mean that covers everything. But surely there is no “come around.” When someone mentions “full coverage” means that your vehicle is covered by physical damage. Excluding medical expenses for you and your passengers. Read the rest of this entry »