What is uninsured motorist insurance and medical coverage and how do they affect you? Quite simply uninsured motorist insurance protection means in the event of a serious accident where the other party is not insured, your assets and property are covered. Why is this important? Much as we would like to think all drivers are law-abiding citizens, sadly this is not the case. Even in States, Colorado for instance, where coverage is mandatory a lapse in coverage due to a chance in employment status or other unfortunate occurrences can be disastrous. There are heavy fines and penalties attached to driving without auto insurance. It is estimated that 14% of all drivers have no auto insurance coverage (personally I think this percentage is lower than the actual figure). In the event you are in an accident with a driver that falls within that 14% and you are injured, the end result is that you will NOT be reimbursed unless you have uninsured/under insured motorist coverage. So it’s definitely important to recognize the importance of being proactive in protecting yourself as well as your assets.
Unlike medical coverage which deals specifically with personal injury, uninsured and under insured motorist coverage will compensate you for out-of-pocket expenses related to injuries as well as your pain and suffering. When you get down to it, no person has the same idea of what constitutes pain and suffering.
Read Full Story on Auto insurance online and you
Wednesday, November 26, 2008
Wednesday, November 19, 2008
Facts on High Risk Auto Insurance
Is your driving record slightly (or seriously) marred, and now you’re having difficulty finding an auto insurance company that will cover you? For high risk drivers, auto insurance can turn into a nightmare of paperwork and expensive premiums that can make it seem as though the aggravation just isn’t worth it. Since driving without insurance can be the breaking point between keeping a license and losing it, however, the last thing you want if you have been classified as a high risk driver is to be caught without coverage. If you can’t find affordable coverage and you don’t want to be caught without it, what can you do?
What is High Risk?
Before we launch into a discussion on high risk auto insurance, let’s take a moment to discuss what it means to be a high risk driver. A high risk driver is one whose past driving record indicates that they’re more likely to have an accident in the future. Accidents mean claims on the part of the insurance company, and since that’s something they try to avoid as often as possible in order to keep their profit margin high those individuals that they’re likely to have to pay out a claim for are either denied coverage or classified as high risk.
A high risk classification from an auto insurance company can be given following an accident, multiple traffic infractions, a DUI/DWI conviction, or some other form of legal disciplinary action. It is also given to young drivers (drivers who have had their license for less than five years), older drivers and those with physical or mental disabilities. There are numerous other reasons that a driver may be considered high risk, but these tend to be the most common.
Would you Like to Know Facts about High Risk Auto Insurance?
What is High Risk?
Before we launch into a discussion on high risk auto insurance, let’s take a moment to discuss what it means to be a high risk driver. A high risk driver is one whose past driving record indicates that they’re more likely to have an accident in the future. Accidents mean claims on the part of the insurance company, and since that’s something they try to avoid as often as possible in order to keep their profit margin high those individuals that they’re likely to have to pay out a claim for are either denied coverage or classified as high risk.
A high risk classification from an auto insurance company can be given following an accident, multiple traffic infractions, a DUI/DWI conviction, or some other form of legal disciplinary action. It is also given to young drivers (drivers who have had their license for less than five years), older drivers and those with physical or mental disabilities. There are numerous other reasons that a driver may be considered high risk, but these tend to be the most common.
Would you Like to Know Facts about High Risk Auto Insurance?
Monday, November 10, 2008
Why Comparing Auto Insurance Quotes is Important
You are shopping for a nice couch and see an advertisement in the Sunday paper for one you really like. You select the fabric, plunk down your plastic and schedule a delivery date. On your way home, you see another furniture store and much to your horror discover that you could have saved nearly $400. What happened? You didn’t comparison shop. You selected and purchased the first thing you saw. Why do I use this analogy? To exemplify why comparing auto insurance quotes is important.
Whether your vehicle is brand new or has a few years upon it, we all want the same thing: good coverage. It can mean the difference between being sued or protecting our assets. A new car must maintain Collision and Comprehensive coverage. On an older model however, or where you have a poor driving record you may want to consider dropping them or not having them as part of your policy to obtain a cheaper premium
Compare Auto Insurance Quotes and Save Money
Whether your vehicle is brand new or has a few years upon it, we all want the same thing: good coverage. It can mean the difference between being sued or protecting our assets. A new car must maintain Collision and Comprehensive coverage. On an older model however, or where you have a poor driving record you may want to consider dropping them or not having them as part of your policy to obtain a cheaper premium
Compare Auto Insurance Quotes and Save Money
Subscribe to:
Posts (Atom)