Daily Archives: February 9, 2009

Car Ins

Posted by author on February 9, 2009 Comments Off

Reader’s Question:

I’m quite confused what coverages to include in my car ins urance, can you help me out?

David

San Antonio TX

Deciding on what coverages to include in your car ins urance can be quite confusing especially when you are not aware of how each type of coverage will protect you in case of an accident. For starters, every car ins urance policy should have a liability coverage as it is mandated by law. In Texas, the liability insurance minimum is for $50,000 for all bodily injuries. Make sure that you have at least a liability coverage as you could get fined for up to $350 for the first offense. Liability car ins urance protects you from liabilities if you injure a person or damage a structure or property when driving.

However, other types of liabilities need also protection. For example, it will help if you have a collision/comprehensive insurance coverage as it protects you from other forms of liabilities when you get into an accident. Comprehensive also protects you from other forms of damages that are not related to accidents like theft, vandalism, weather-related damages and others. If you want to be free from worries from all sorts of liabilities and money is not an object, then, it is better for you to be fully protected. To be able to get the best deals, you must solicit quotes from a lot of insurers and compare before finally deciding on one.

Senior Car Insurance

Posted by author on February 9, 2009 Comments Off

Reader’s Question:

My dad is 65 and he’s renewing his car insurance. How can he get a lower car insurance policy despite his advanced age? Many thanks.

Owen

Colorado Springs, CO

Elderly individuals are considered more high risks compared to their younger counterparts. However, your dad still has a good chance of getting a cheaper car insurance policy as long as he remembers some of these tips.

One of the best ways to increase the chances of senior citizens in getting cheaper senior car insurance is to refresh their driving skills and knowledge by enrolling in a refresher course for older drivers. One of these is the 55 Alive course. Most states in the US require vehicle insurance companies to provide discounts to those who avail of this course, so your father can get lower insurance premium rates for his senior car insurance.

Your father should also see to it that his car is fit and comfortable for him while driving. Installing seat belts that are comfortably fit for him is a good idea. His vehicle should also have automatic transmission, power brakes, and power steering so that he does not have to exert too much effort in driving. This way, companies offering senior car insurance can give him discounts because his car is safe enough for him to drive.

Car Ins

Posted by author on February 9, 2009 Comments Off

Reader’s Question:

I got an insurance policy. The insurance firm sent me a bunch of documents that I haven’t even read. Are these important?

Jordan

Memphis, TN

Car ins urance is a vital tool needed by any drivers. Having one assures the driver that in any case of accident, he/she is protected. Unfortunately, although many people have car insurances, they don’t pay much attention to what their insurance policies. This shouldn’t be the case, as a driver you should know what your insurance can do for you.

There are various aspects that people should understand about their car ins urance. Here are some of the terms indicated in a vehicle insurance policy.

Coverage

Coverage is simply the benefits included in you car ins urance policies. These could be the medical benefit, liability benefit, collision protection, personal injury benefit and many more. Coverage varies depending on what kind of car insurance you have.

Exclusions

Exclusions are certain conditions when your car insurance companies wouldn’t pay your claims if you got on an accident in such under such circumstances. Example of this is being on an accident while you are under the influence of drugs or alcohol. This could also be written in your policy fine print as “terms and condition”.

Many people don’t spend enough time understanding their car insurance policies which shouldn’t be the case. It is both your right and responsibility to understand you insurances as this are a vital part of being a driver.