| Information |
FREE! Subscribe to Recruiting Newsletter:
Recruiting tips, case studies, and resources for MLM and network marketers.
|
|
|
| Old Articles | | Friday, December 08 | | · | A 401(k) as Unemployment Insurance? |
| Thursday, December 07 | | · | Auto Insurance - Cut Costs, Not Cover! |
| Friday, November 10 | | · | Novel Ideas for Decorating With Wall Clocks |
| Wednesday, November 08 | | · | The Child Playhouse: A Door To A Wonderful World |
| Tuesday, November 07 | | · | What is Wiki and how does it work? |
| Wednesday, August 23 | | · | What to look for when selecting an MLM Opportunity to save time, money and frust |
| Tuesday, August 22 | | · | Tips for Effective Presentations |
| Monday, August 21 | | · | Your Past, Your Present or Your Future |
| Saturday, August 19 | | · | Youll See ItWhen You Believe It! |
| Thursday, August 17 | | · | The Truth About Believing |
| · | The Truth About Believing |
| Tuesday, August 15 | | · | The Gift of Listening |
| Sunday, August 13 | | · | The Elements of Greatness |
| Friday, August 11 | | · | The Art of Leapfrogging: The foolproof way to enroll any new distributor |
| · | How To Select A Multi Level Marketing Company |
| · | If It Quacks Like An Enron |
| · | Leadership The Next Great Profession |
| Friday, July 28 | | · | MLM and Blogging |
| Wednesday, July 12 | | · | Pay-per-Click (PPC) Bid Budget Management |
| · | PPC Management Starts with A Great Keyword List |
| · | Write Persuasive Copywriting Without the Word "Please" |
| · | 10 Tips for Raising Your Search Engine Rankings |
| Thursday, April 20 | | · | Vision and Goals: What to Believe? |
| · | Think bigger and act bigger: What Happens When You Think and Act Big |
| · | Life Planning: A Lesson In Proactive Life Planning |
| · | Utah Women Run Businesses From Home |
| · | Overwhelmed: Ways to Deal with Overwhelm |
| · | Today Is Yesterday's Tomorrow |
| · | Successful People |
| · | Successful business: Think & Be Successful |
Older Articles
|
|
 | |
Auto Insurance Questions
Posted on Wednesday, November 02 @ 08:09:58 MSK
Topic: Insurance | I need help deciding how much coverage to get. Are there any guidelines to follow? What kinds of discounts can I get on auto insurance?.. Auto Insurance Frequently Asked Questions.
1. I need help deciding how much coverage to get. Are there any guidelines to follow?
It depends on your individual financial situation. You'll need to consider how much you can afford to spend to repair or replace your vehicle after an accident. In addition, you could be responsible for medical expenses, loss of wages, awards for pain and suffering, and damage to vehicles or other property.
With liability insurance, the higher your limits, the more financial protection you will have against lawsuits. In most states, the minimum liability coverage required by law is not adequate, so you should consider higher limits.
2. My insurance agent says I need to have the same amount of liability coverage for all vehicles, no matter how old they are. Why is that?
Some policyholders believe they should purchase lower liability limits on older vehicles. This is not a good idea - in fact, most insurance companies won't allow it.
Because liability insurance covers bodily injury and property damage, there is no relationship between the amount of liability insurance you need and the age of your vehicle.
If you want to reduce the insurance premiums on an older vehicle, consider lowering or eliminating your collision or comprehensive coverages.
3. What kinds of discounts can I get on auto insurance?
It varies by state and insurance company, but potential discounts may be based on:
- The age of the drivers
- The drivers' grade point averages (if they're students)
- Your vehicle's safety features, such as airbags, automatic seatbelts, anti-lock brakes, etc.
- Any driver's training or defensive driving classes you may have taken
Ask your insurance company for more information about which discounts are available to you - and read more about it in our article about How to Save on Auto Insurance.
4. Why do insurance companies gather information about every driver in the household?
In most states, anyone who drives your car with your permission is covered under your automobile insurance policy.
Because the people who live in your household are the most likely drivers, the insurance company is entitled to get a full view of the potential risk. This ensures that they are charging the correct premium to each policyholder.
You should always inform your insurer of all drivers in your household.
5. Why did my auto insurance agent ask whether I own or rent my home?
Some insurance companies offer discounts for off-street parking, others offer discounts to policyholders who own a home, or offer a multi-policy discount if you purchase your automobile and homeowners insurance together.
Knowing your situation allows the insurance company to give you all of the available discounts.
6. If I get a speeding ticket or am involved in an accident, how will it affect my premium?
Check with your insurance company. The impact depends on the amount of damage in the accident, if it was your fault, or the type of traffic violation.
Most companies offer safe driver programs and do charge higher premiums for drivers who have accidents or receive traffic violations.
7. Why is it my responsibility to pay for Uninsured Motorist coverage?
When you pay for Uninsured Motorist coverage, you're not paying someone else's insurance. Instead, you're paying to cover your own expenses if you are injured in an accident caused by someone who doesn't have insurance.
In most states, Uninsured Motorist coverage is required by law. Remember, you are protecting yourself - this means you should consider purchasing the same limit of coverage that you carry for liability.
8. When I rent a car, does the rental company insure it, or is it covered on my policy?
It depends on the rental agreement, how long you are renting the vehicle, and the terms of your own policy. Generally, short-term rental agencies include some minimum amount of insurance and give you the option to purchase excess coverage.
Read the coverage definitions closely because many contracts require that your personal insurance be the primary insurance and the rental coverage secondary. The package offered by the rental agency may be expensive and may not give you the coverage you need.
For example, youthful drivers and off-road use are often excluded in coverage offered from the rental agencies. Your own policy may cover you for short-term rental of private passenger cars but may not apply on long-term leases or on commercial vehicles.
It is a good idea to check with your own insurance company before renting a vehicle and to review the provisions of the rental agreement. |
|
| |
| Login | | Don't have an account yet? You can create one. As a registered user you have some advantages like theme manager, comments configuration and post comments with your name. |
|
| Article Rating | Average Score: 0
Votes: 0
|
|
|
Associated Topics
 |
|
|
