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Showing posts with label car insurance. Show all posts
Showing posts with label car insurance. Show all posts

Understanding Vehicles Insurance | All about Car Auto Insurance

Car Insurance oh great day you just spent the last eight hours sitting on the beach watching the waves you're all packed up and heading back to the hotel when BAM the guy in front of you slams on his brakes okay no need to worry
Understanding Vehicles Insurance | All about Car Auto Insurance
Understanding Vehicles Insurance | All about Car Auto Insurance
you've got insurance but wait a
second this isn't your car does your insurance cover rental cars did you make the right decision on rental car insurance the good news is most personal automobile policies extend coverage to rental vehicles covering you for both collision and other than collision

losses also known as comprehensive
provided you have those coverages on atl east one vehicle on your auto policy
typically your policy is comprehensive
and collision coverages will extend to
you and other members of your household

who are operating the rental car however
if you don't have full coverage on at
least one vehicle on your personal auto
policy you may need to look into
purchasing the rental companies
collision damage waiver or CDW
when people use that term they often
mean a combination of various types of
coverage but full coverage doesn't
actually exist

don't worry though plenty of auto
insurance options do exist to help
protect you let's talk about a few cause
an accident liability coverage is
designed to cover injuries or damage to
another person or their property in an
accident you caused hmm what about your

car if you've caused an accident
collision coverage can help pay for your
vehicles damage maybe your car's damaged

but not from a wreck if your car's
stolen or if something falls on it
that's where comprehensive coverage
comes in uh-oh an uninsured driver
rear-ended your car don't worry
uninsured and underinsured motorist
property damage coverage may help in
that scenario medical payments coverage

or personal injury protection may help
pay for medical bills and other costs if
someone gets hurt

worried about your new car getting
totaled right after you buy it you'll
want to check out new car replacement
coverage let's say your car is in the
shop for repairs after you get into an
accident covered by your policy that's
when rental car reimbursement coverage

would be helpful and if you're looking
to be as protected as possible there are
even more optional coverages to choose
from so to recap there are several kinds
of auto insurance coverage you can
select including liability coverage
collision coverage comprehensive
coverage uninsured and underinsured
motorist coverage medical payments
coverage personal injury protection new

car replacement coverage rental car reimbursement and more

getting the right car insurance is a bit
more involved in finding the lowest
price it's important that you get the
right coverage for your situation and
first you need to understand what's
available there are five main categories
or types of auto insurance coverage
let's go through them liability coverage
is the most common because almost every state requires you to carry some minimum amount in order to drive legally

liability coverage pays for the damage
you caused in an accident when you are
at fault

specifically liability coverage will pay
for bodily injuries and property damage
of others
remember that liability insurance does
not cover any of your damages it
protects others from damage you caused
and also protects you financially
without it you can be on the hook for
the entire cost of an accident
out-of-pocket collision coverage is the
second most common type of car insurance
coverage it will pay for damages to your
car from an accident even if you were at
fault as the name implies collision
coverage pays for damage incurred when

you're driving and collide with another
object no losses from non crash stuff
like that or weather damage are not
covered by your collision insurance for
those things you'll need something
comprehensive coverage kicks in to cover
losses that are totally out of your
control like collision coverage
comprehensive coverage is optional it
will protect you from losses due to fire
vandalism theft hitting an animal or
damage caused by certain natural
disasters but comprehensive coverage
won't cover everything for example most
policies will not cover damage due to
freezing even though it's
weather-related comprehensive coverage
usually doesn't cover breakdowns either
you should find out what is excluded
before purchasing comprehensive coverage
is often more attractive to drivers of a
new or expensive vehicle some lenders
may even require comprehensive coverage
as a condition of financing or vehicle
to recap we've gone over liability
insurance which covers damage you do to
others collision insurance which covers
crash related damages to your car
and comprehensive insurance which covers
certain unpredictable damages to your
car but what about injuries suffered by
you or your passengers if you weren't at
the other drivers liability coverage
should pay for your damages but you can
purchase your own medical coverage for
additional protection medical coverage
is usually optional but certain no-fault
states will require you to buy a form of
it called personal injury protection the
personal injury protection is also known
as no-fault insurance because like
medical coverage it will pay the costs
of treating your injuries regardless of
who is at fault in impacts
finally uninsured or underinsured
motorist coverage will protect you
against the risk of being hit by an
uninsured or underinsured driver it's
estimated that almost 15% of American
drivers do not carry the legal minimum
amount of car insurance as required by
their state if you are hit by one of
these people you won't be able to
collect from a liability policy they
don't have uninsured motorist coverage
will pay for your medical expenses and
lost wages many states now require
uninsured motorist coverage for bodily
injury but you might have the option to
purchase it for property damage as well
underinsured coverage kicks in when your
head and your damages and expenses
exceed the limits of the at fault
drivers liability coverage when you're
shopping for an auto insurance policy
make sure you know exactly what you're
getting and why find out what is covered
what is excluded what you need to stay
legal and what you need to stay
protected financially
road-test past time to drive off into
the sunset right not quite
first there's the auto insurance to sort
out and when you're a young driver
getting on the road for the first time
it can be pretty tricky to find an
affordable policy the fact is as a whole
young drivers have more accident
so insurers charge more because of the
higher risk but are all young drivers
really the same at ? Our ingenie we don't
think so we believe you should pay based
on how you actually drive not how the
statistics say you might drive so that's
what we do we give you savings for being
a good driver and just so it's
absolutely fair those who don't drive
well could see their billing increase
how does it work at first we send you our
ingenie smart box to install in your
car this collects data on things like
speed braking accelerating and cornering
we then build up an accurate picture of
your driving style so you can understand
the kind of driver you are we're not
that interested in where you were last
Tuesday 2:00 in the morning we're
interested in how you were driving we
focus on the trends and patterns in your
driving but simply how you use the
pedals and steering wheel every 10 days
we send you feedback through the
ingenie mobile app letting you know where you're
doing well and where you might need to
improve we'll also update your driving
score out of 100 and tell you whether
you're on track to save and how much it
could be rather than having to wait 12
months like with traditional insurance
your billing is reviewed every three
months and they keeping driving well
you'll get money off that's the really
great part you're in control
the better you drive the better the same
up to 25 percent off by the end of the
year sounds good right well there's more
we also give you an extra discount at
the end of the year if you've driven
really well so being a young driver
doesn't have to mean expensive insurance
with practical advice to help improve
your driving we're on your side
with ingenie driving well means paying
less get your quote now and see how much
you could save
next time you start planning your
getaway be sure to keep these helpful
tips in mind so that you can decide the
best way to handle insurance coverage on
your rental car ask the rental car
company about their terms ahead of time
so you know your financial
responsibilities in the event of a loss
be sure to inspect the vehicle before
leaving the lot and no any damage in
your rental agreement so you're not
stuck paying for someone else's mistake
if you prefer to rely on your own
personal insurance policy as coverage
carry a copy of it with you on your trip
both as proof of insurance and as a
handy source of the terms of coverage
most importantly contact your
independent insurance agent they can
guide you and making sure your rental
vehicle is properly insured so you can
travel you

Rental Car Insurance Explained

When renting a car, the rental company will typically ask if you’d like to purchase insurance coverage for the vehicle.
It’s at this point when you have to ask yourself a question: Do my personal insurance policies provide coverage
Rental Car Insurance Explained

purchase insurance through the rental car agency?

All though standard auto insurance policies may extend to rented vehicles,
you should never assume you are protected.

Examining your own auto insurance policy will
show you the types of coverage you already possess and where additional coverage may be needed.

Since auto policies differ, it’s a good rule of thumb to contact your insurance agent
so they can help you navigate your policy and determine if you have the appropriate amount of coverage when renting a vehicle.

When deciding whether or not your personal insurance will cover your rental vehicle,
there are a few different coverages you should have. If you answer yes to all of the following questions,

you may not need to purchase additional coverage:

Do you have liability,
collision or comprehensive car insurance? Liability,

collision and comprehensive insurance are the three main coverage options available when purchasing car insurance.

All though it is not always required to purchase all three coverages, 

they can optimize your protection in the event of an accident.

Does your policy cover administrative fees, 

loss of use or towing charges?
It’s always a good idea to check see whether your insurance company pays for—or provides a rider for—additional fees associated with rental cars.

This coverage can be helpful if a car you rent is lost, stolen or damaged.

Do you have a renters or homeowners policy
that will cover your personal belongings if lost or damaged?

Your homeowners or renters insurance policy covers your personal belongings from theft,
fire or vandalism within your home.

Policies often include off-premises coverage that can extend your coverage to outside your residence. Therefore,

if personal belongings in your
vehicle are stolen or damaged,

your homeowners or renters insurance policy may be able to cover a percentage of your losses.

Not all insurance carriers will extend coverage to protect personal belongings within your vehicle—always check with your agent to see what your renters or homeowners policy covers.

Car rental companies provide additional coverage that is often used to supplement insurance
you already possess.

Rental car agencies offer four different coverage options:

1. Supplemental liability insurance:
Most car rental companies need to have the minimum amount of liability coverage required by the
state, but oftentimes it isn’t an adequate amount of coverage.

If you have a personal car insurance policy with a high liability limit, you may not need additional protection.

2. Loss Damage Waiver (LDW)/Collision Damage Waiver (CDW): This is not insurance per se,

but rather a document that can alleviate your financial responsibility should your rental vehicle be damaged or stolen.

This also includes loss of use coverage ifnthe rental company charges you for the amount of time the car could not be used while being repaired,

as well as other administrative
fees the car rental agency assesses.

The LDW may become void if the incident occurred from the driver of the rented vehicle exhibiting
reckless behavior,

speeding or the vehicle being driven on unpaved roads.

3. Personal accident insurance:
This will cover the driver and any passengers within the rented vehicle for any medical bills caused by a car crash.

This coverage is useful if you do not already have health insurance or personal injury protection insurance.

4. Personal effects coverage:
This covers any personal belongings that are stolen from the rental vehicle.

If you already have renters or homeowners insurance, this may already be covered under your policy.

The coverages offered are oftentimes the same as what you already have for your personal insurance policy.

Again, to avoid paying for coverage you already have,

 review your policy before renting a vehicle.

Many reputable credit card companies offer rental insurance to their customers.

To utilize this secondary form of coverage,

you must put the total amount of the car rental on your credit card In many cases,

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credit card companies will also require you to deny any insurance offered by the car rental agency in order to access
their coverage.

In the event that your rental car is in a covered incident,

the credit card company will help cover costs of damage or theft up to a certain dollar amount.

Various rental car fees can be covered by your credit card, 

but this can vary by provider. Before purchasing any additional coverage through the car rental facility,
call your credit card company to see if your card offers car rental insurance.

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Since most credit card rental insurance is classified as a secondary form of coverage,

you may need to rely on your personal auto insurance coverage first.

Deciding on your rental car coverage can be a tricky endeavor. Before purchasing any extra coverage,
talk to your insurance agent about your personal auto insurance policy and whether you may need to purchase any additional insurance. No one wants to pay more for their auto insurance,and you shouldn’t have to.
If you have any questions or are unsure if rental vehicles are covered under your policy,

10 big things about car insurance

take information about it, if the same kind of information is also taken about car insurance, there can be double benefit. One, it will get cheaper and secondly the customer can get more facilities in this insurance.
10 big things about car insurance
10 big things about car insurance
it is better to know about Car Insurance first. If some important information is collected before taking vehicle insurance, then many problems can be avoided later. Therefore, it is important to know the 10 important things before taking car insurance.

Learn how different types of car insurance policies are Generally, people are not aware there are many types of car insurance policies. People often associate car insurance only with their car and their insurance policy. However,

car insurance or any other auto insurance offers different types of policies to protect against different types of risks. There are Four types of this origin. Third Party Legal Liability -Comprehensive insurance -Personal accident cover -Add On Coverage Third party insurance compensates for the losses of others (third party insurance for liabilities of others) If there is no insurance for a car, or any other vehicle, then it is necessary by law to have third party insurance.

Third party insurance is an insurance policy in which compensation for damage to another person or property (including other vehicles) is compensated by the vehicle. Such damages also include severe frontal injury, disability, or death. If you have not got third party insurance, then after such accidents you may be in huge financial trouble. Third party insurance is beneficial even if you are driving a vehicle in the event of loss or if a member of your family, a friend or employee (driver) is driving the vehicle. However, third party insurance cannot claim for the damage done to the vehicle.

 Comprehensive cover for your own car Insurance cover has to be taken separately to compensate for the loss for yourself and your car. This is called comprehensive insurance cover. Comprehensive insurance also provides compensation for loss due to accident and theft of vehicle. When you have comprehensive car insurance cover, you can also get a claim on the damage caused by a natural disaster or human calamities. In such incidents, road accident, car fire, natural calamity such as earthquake, landslide, Flood, storm-hurricane), Lightning, etc. Apart from this, claims can be found a even after accidents like fire, riots, terrorist attacks, explosions, theft.

Personal accident cover for Yourself Personal accident cover can be taken by anyone in your car for other people. Personal accident insurance for other passengers is available according to the capacity of the seats present in the car. Additional covers through add-ons can be added for other risks. Vehicle insurance companies also offer some other small subsidiary insurance cover. These are called Add On Insurance cover. Every Add On gives you a new type of insurance cover. Under this, even after changing a part of the vehicle, depreciation cannot be implemented and Zero Depreciation add-ons can be added to get full claim. Similarly, to lose keys, a separate add-on of insurance protection can be added if the tires are punctured, burst. Apart from this, add-ons can be added to compensate for damage to other valuable items in the car such as laptops, Led, music systems, mobile phones, etc. However, with every Add On, your insurance premium increases.

Don't go for cheap premium, see facilities (Don, t seek only low premium, long coverage) Do not buy any policy Based on low premium. Coverage should also be compared with that. Many times, good insurance coverage can be taken by paying a slight premium. Doing. Learn how car insurance premium is decided Car engine capacity (capacity of vehicle) The premium of your car insurance (Car Insurance) is decided based on the cubic capacity of the car.

Know Insured Declared Value of car The insurance premium of your car depends on its Insured Declared Value. The Insured Declared Value is the maximum amount you can claim. No Claim Bonus Can lower Premium Those taking car insurance get a No Claim Bonus or NCB in exchange for not making any Claim during the year. Because of this, you can reduce your vehicle insurance premium by 5 to 10 percent. However, only a maximum of 5 years No Claim Bonus can be availed. Reduce premium from bundled car insurance (Bundled car insurance for Lower Premium) If you have more than one car, you can take bundled car insurance (bundled car insurance). By taking such bundled car insurance from any one insurance company,

you get a discount in the insurance premium of all your cars. However, this is possible only when all the cars are in the same name. It is not necessary to take insurance from the dealer (Dealer's insurance Offer is not compulsory) When buying a car, car dealers also try to give insurance. Usually all car companies combine insurance with some insurance company, and also provide insurance policy with the vehicle. However, it is not necessary for you to get such insurance.

You should know the plans of some good insurance companies. After this, the plan which you find the best according to your needs, should be taken with the car only.

Make sure of cashless facility (Cashless Facility at the Affiliated Garage) While taking car insurance, complete information about cashless facility should be made. This facility is available for cashless treatment only. In this type of insurance, vehicle insurance companies offer cashless repairing. But, they provide this facility in the same garages with which they are connected
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