Car Insurance

Crooked Car Insurance Company Practices

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:29:00 +0000

Insurance companies have begun buying or investing their monies into car repair businesses in recent years. Insurance companies that own car repair shops can result in the consumer getting bad service and substandard replacement parts. Many people in the car repair industry have complained of being pressured by insurance companies that own them to keep costs down, and if they do not, they risk losing referrals.

Vehicle owners also have rights when getting their cars repaired following a collision. This applies to regular maintenance repairs as well.

The Automobile Service Association (ASA) suggests that car owners ask insurance companies the following when shopping for an auto body repair shop following a collision.

Do I have to get three estimates?

This is a standard procedure among insurance companies, but in reality you do NOT have to get three estimates. This is only an option and NOT a requirement that puts the burden on the car's owner to get the cheapest price.

Can I choose any repair shop?

Yes. You have the right to choose any auto body shop you like, and any attempt to direct you to a particular shop should raise some suspicions. Many times, the dealership does not have an auto body repair shop, and the vehicle's owner is referred to one with whom they have a contract. It is not required that they have one.

How can I ensure that they are going to fix my car with quality parts?

Any parts used other than Original Equipment Manufacturer (OEM) car parts must be disclosed in writing by the insurance company. It is up to the owner to agree if the insurance company will install other market parts, rather than be pressured to use OEM parts. In some states, this disclosure is not required.

The ASA recommends the following advice for vehicle owners to maintain their car:

Always check your owner's manual for regular maintenance schedules. A good rule of thumb is to change the oil and filter once every 3,000 to 4,000 miles.

Check all fluids including brake, transmission, washer, power steering, and antifreeze. These fluids are necessary for the safety and performance of your vehicle.

Check tire pressure. Under-inflated tires can waste gas. This is the cheapest form of preventive and safety maintenance. Check tire pressure once a month.
-- Fabiola Castillo is an online marketer for the website NinjaCOPS.com. This virtual store specializes in personal defense products where you can buy Mace pepper spray, kubaton keychains, hidden video cameras, cheap stun guns, nunchaku tricks videos, telescopic steel batons, and many other home security products. Source: http://www.articletrader.com

Top Ten Craziest Car Insurance Claims

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:29:00 +0000

Having your car broken into or bumped from behind can be a pretty upsetting experience, and certainly nothing to smile about when totting up your next car insurance premium. However, from time to time, insurers release claims that would raise a smile from even the sternest of risk assessors. Here are ten belters - and, just to remind you, every single one of these is a real claim!

10. Taxi cab fail
Our first car insurance corker is a case of what most of us would call ‘Sod's law'. AA Insurance told us the story of a businessman who, in severe ice and snow, decided it would be best to leave the motor at home; instead opting for a cab to the station.
Sensible decision, you might say. Not so when the taxi arrives, slides into the driveway and rams the same man's supposedly-safe carriage. Woops.

9. Horseplay
We've all been there - you're driving along, happily minding your own business, when a horse flies out of a hedge and square on to your bonnet.
No? Well that's what happened to one unfortunate punter, who, according to the Admiral Group, was stunned to find a large equine being leap "out of the bushes" and onto the front of the car.

8. The Great Escape
This one could have seen the loss of more than just a no-claims bonus. In the middle of a raging storm, one punter parks up and crosses the road, just in time to see a lightning-struck tree and surrounding wall smash on top of his beloved motor. A lucky escape indeed.

7. Butter wouldn't melt...
One of the odder stories was that of a woman claiming against a melted lump of butter on her passenger seat. The Admiral Group said that the policyholder was so embarrassed she allowed the seat to regress into a mouldy, buttery mess before the claim was made. Go figure.

6. The boot, the boot, the boot is on fire!
Another lucky escape here. A Zurich client took his £100,000 supercar for a spin after being away on business for a week. As the tank was low on fuel, he headed for the nearest petrol station.
Driving along, our man noticed a whiff of petrol, so opened the window to let some air in - only to notice a wave flashing and beeping from oncoming traffic. Suspecting that something was afoot, he pulled aside, only to realise that the back of the car was in flames. On arrival, the fire brigade advised that he was lucky to be alive, and could thank the lack of a Mad Max-style explosion on his nearly-empty fuel tank.

5. Hounded down
One Admiral Group policyholder received quite a shock when, quietly minding their own business, they were alerted to screams for help from the street.Bravely rushing out to help, the insured threw the front door open, only to find a clearly terrified man hopping on the roof of their car. All this, it transpired, to escape the attentions of a rather large dog pawing frantically at the bonnet. Whoever said they were man's best friend?

4. Along came a spider...
We've all got our fears and foibles, and many of us are terrified of one eight-legged creature in particular. However, few on this side of the world will have caused as much harm as the not-so-incy-wincy-spider that landed on one poor lady's steering wheel on the way home.
Frightened to the point of panic by the hairy intruder, she veered wildly and into an oncoming third party.

3.The magic flying carpet
Planning a visit to the tip, one customer ties his old, battered carpet to the roof rack. Turning a corner, he brakes sharply as he realises he's reached a traffic jam. At this point the carpet duly flies off the roof and through the back window of the van in front - whose driver whizzes off totally unawares. Saves that trip to the dump, I suppose.

2. Feeling sheepish?
Animals (and arthropods) have played a starring role on this list, and our second favourite story of the lot is one of an unsuspecting driver being stunned by a flying sheep.
Coming out from under a bridge, the insured was jolted by the sound of a large thud, and then by the rather terrifying sight of a large woolly creature rolling down the windscreen.
As unfortunate incidents go, this is right up there. A sheep-bearing lorry on the overpass had swerved, spilling one unfortunate dolly over the edge and on to the chassis of our bewildered AA claimant.

1. Dogs drive in hot cars
You know what they always say about never leaving your dog in the car for long periods? Well one AA claimant was left with more than just a guilty feeling after leaving Fido in the front seat...
After nipping to the shop to get a paper, our man got out to find his car vanished. After beseeching passers-by for information, one dry customer calmly remarked: ‘Ah yes... I saw a dog driving it down that hill'.
As it turns out, his beloved companion had climbed into the driver's seat, catching its leash on the gearstick in turn. Result: Said dog ‘drives' downhill and rams into a row of parked cars. Chaos and confusion ensues.
-- Fianlly, for those looking car insurance online then try a comparison website to get a cheap car insurance quote. Source: http://www.articletrader.com

Do You Know Why You Need Comprehensive Car Insurance?

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:28:00 +0000

Comprehensive car insurance is not a requirement in most States in North America. However, if you want to protect yourself from great financial risks, auto insurance comprehensive is the best. This is the type of insurance ideal for brand new cars as it covers damages for car accidents and other types of accidents.

This auto insurance policy protects you in case damage is done to another party, damage to property or injury to a person. It also covers your own vehicle and your medical expenses despite being at fault in a car accident.

The stipulations on your policy contract vary according to the insurance companies. Before you buy comprehensive car insurance, it is wise to read the terms, conditions and exclusions in your policy.

Among the types of car insurances, auto insurance comprehensive probably has the highest premiums. Besides the coverage for damages to your car and the other party's car, comprehensive insurance covers damages resulting to other non-car collision incidents.

If your car is vandalized, violated or stolen, the damages are covered by the comprehensive insurance. If you bought a $75,000 car through a car loan and your insurance does not have comprehensive coverage, your losses are double in case your car is stolen. You are paying monthly for a car that you cannot drive because the police cannot locate it. Most banks car loans require that you this type of coverage.

You are also covered with your comprehensive car insurance if you get into a car accident because of an animal. If in case you are driving on a high speed road and a cow suddenly crosses, and you collide into the cow, the damages for the car and the animal loss are covered.

Natural disasters can be unpredictable. They can inflict damage to persons, real estate property and to your car. If you have auto insurance comprehensive, damages to your car caused by floods or hail are shouldered.

You will also enjoy transportation costs if your car is disabled for any covered reason. While waiting for your car to be repaired, your insurance company will provide for your alternative transportation expenses such as no-cost rental car.

Other incidents that are covered by your comprehensive car insurance are riots, explosions, objects falling from the sky, and driving over a high curve. In contrast, property damage auto insurance covers the damages done to the other party's car.

It can also give you protection in case of lawsuit as a consequence of a car accident. Your real estate property, stocks and other valuable belongings are not put into a rush sale to pay for damages.

Bodily injury auto insurance is helpful in shouldering medical expenses for the other party. In case there is death from the car accident, death claims can be covered by this insurance. And just like the other type of liability insurance, bodily injury liability can be used as a protection in case of lawsuit filed against you.

Comprehensive car insurance can be expensive. However, there are several ways that you can employ to have huge savings or discounts on your premiums. If your car is financed or leases, the financing company may require you to have comprehensive insurance.
-- At you can get the right comprehensive car insurance. You do need help to get all the insurance figures correct. You don't need comprehensive, if you have an old car. Add liability to your insurance for full coverage. Go to Car comprehensive insurance and find your city agent or get a free quote.

Source: http://www.articletrader.com

Why should I necessarily insure my car?

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:26:00 +0000

Financial obligations with a mandatory character always seem to get people down. We love it when we have a choice, right? So when it comes to paying our regular insurance premiums for having our cars obligatorily covered many people start asking the true purpose of vehicle insurance and why it's imposed on all drivers. Some go all the way to dropping their coverage altogether and driving the roads with no insurance at all. The outcome of such a decision usually comes with a substantial fine or, worse, paying out of own pocket for the damage caused during the accident. So why this type of insurance is mandatory, and moreover logically necessary for any car owner? Let's first look at the facts.

Car insurance is a legal requirement for operating a vehicle in all states of the US. In some states you won't be able to get the plates registered unless you provide a perfectly valid insurance policy. Not meeting the insurance requirements results in fines, license suspension, car confiscation and even time in custody, depending on the state legislation. But what are these insurance requirements in the first place?

Well, it's not that serious as it may seem. The only type of insurance coverage that is actually mandatory in the US is third party liability, which includes bodily injury and property damage. These two types of coverage pay for injuries or damage respectively caused by the policyholder to a third party while operating the insured vehicle. If put simple, third party liability coverage lets you cover the mess that you've caused without having to pay out of own pocket. And while accidents are quite common on the road with so many cars out there, this coverage type assures that everyone has the necessary minimum coverage to pay for the accident if it takes place. That's why car insurance is also used as a proof for the financial ability of the driver to cover the costs of repairs or medical attention that he or she has caused.

OK, now that we're done with third party liability coverage, many of you might ask about all other coverage types you carry in your policies. It may be a relief for some of you, but they all are purely optional. While you have to meet a certain limit with third party liability, all other coverage types can be freely modified and excluded from the policy. Take note, however, that if you're using a car loan to purchase a new vehicle your contract will usually force you to buy comprehensive and collision coverage as well, so keep an eye out for that.

But let's take a look on the logic side of the matter for a moment. If car insurance wouldn't be mandatory it still would reasonable to purchase it. Why? Simply because it gives you a peace of mind while being behind the wheel. Sure, everybody think that they will never have accidents because they are so good at driving. But accidents still happen and the costs involved in repairs and medical assistance account tens of thousands of dollars. Not many people can afford to cover such costs out of own pocket, that's why we use car insurance and that's why it's a real necessity rather than an option.
Source: http://www.articletrader.com

Cheap car insurance for older drivers - The secrets uncovered

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:25:00 +0000

This short report aims to assist you in getting lower premiums. Simple but legal steps can be taken to help reduce your car insurance for older drivers costs. Many tips can be applied instantly although other methods take place over a longer period and take some time to reduce the price of your cover. Some of the methods will not work for you but if you a searching for car insurance for older drivers we are sure that you will learn some important nuggets of information.

Areas we will be looking at are paying for your premium, types of cover, motoring club discounts just to name some of the topics.

Step 1 Upgrade your licence ! An alternative way to save on your car insurance for older drivers is by enrolling on an advanced driving course. Driving courses are available such as Rospa, IAM, and Diamond.

Step 2 Drive a smaller car - Fast and sports car cost much more to insure. Therefore savings can be made on your car insurance for older drivers is to choose your car with insurance costs in mind.

Step 3 Don't accept the first quote ! Allow plenty time to shop around don't leave it too late or your policy may auto renew. Make a list and ring or submit your details online to a minimum of 4 motor insurers. Look through league tables about insurers sometimes quoted in the press newspapers and magazines. Many factor affect your choice of insurer so write down each of the benefits to compare later.

Step 4 To name or not to name ! Naming drivers on your insurance costs more. If the drivers are younger than 25 years old then the costs will be much higher. The secret is to name only those that will drive the car. Sometimes if the person you need to name has their own vehicle they will have the driving other cars extension anyway so could drive you motor on a third party only basis. This may be adequate for you depending on the value of your car. Instead of naming a driver permanently you can add them temporarily part way through your insurance year.

Step 5 Instalments or A one off payment ! The best way to pay for your car insurance is to pay with a one off payment. Nearly all insurance providers make extra money on car insurance for older drivers by charging high interest rates for instalments. If making payment in full is not possible putting the amount on a credit card could be cheaper. Check first but in many cases the APR charged by the insurer will be higher than the Mastercard or Visa company.
Source: http://www.articletrader.com

Save On Car Insurance Quotes

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:24:00 +0000

Ways to lower car, auto, automobile insurance.

1. Higher deductable- If your car insurance deductible is $500, you will pay less per month if you make your deductible $1000. So basically you would pay $1000 if something bad happens out of your pocket. Since your auto insurance is being paid lower, and if you have no accidents, you could use your savings for something more fun. (Like a neater Car)
2. Don't get auto insurance coverage you don’t need. If your car has a low market value, you may not need collision for you automobile insurance. Check the blue book value. If your car current market value isn't worth much more than the deductible, then you really don't need it for your car insurance.
3. Extra medical: If you already have good health and life insurance, you might just need to get the minimum required car insurance. Check other blog on state requirements of car insurance.
4. Consider a lower priced car. A farrari or porche will cost more for car insurance rate than a ford or chevy.
5. Drive less. Do more walking, biking, car pool, subway, train or air plane flying (just kidding on the flying) Check with your great car insurance carrier for a low mileage discount. Some companies will lower your car insurance rate if you drive under 8000 miles a month. Get a auto insurance quote on the mileage.
6. You will save more money if your car has extra safety accessories. Car insurance companies will want to know about airbags, side impact bags, car alarms, warning systems. Save money with a safe car for car insurance.
7. Teens get lower car insurance rates if they can prove they get good grades. Threaten your teens with paying the car insurance if grades are not up to SPEED (pun)
8. Car insurance policies can be combined for a car insurance discount. Home, life, boat, trailer, motorcycle. Have all your insurance in the same spot and save money. At least get the multi car insurance discount.

9. Other Auto insurance discounts: Try asking for a discount based on age, good driving, accident free, or what you can think of. The worse the car insurance company will say is no.
10. Think about roadside assistance. Many car insurance companies quote you for this. I personally recomend it. It's nice to see a tow truck come by when you are stranded on a rainy night on a busy highway. Happened to me. Or if your car won't start in your own driveway, the car insurance company will send someone to jump your car. However, you can also get roadside assistance when you buy your car, through AAA Triple A, and other plans. Car insurance is what I choose.
11. Shop around and ask for free car insurance quotes, auto insurance quotes for cheap insurance. But make sure you have enough coverage. Read my other blog for car insurance requirements.
Source: http://www.articletrader.com

Cheap Car Insurance Online - Ideas You Should Not Miss

noreply@blogger.com (TehFadez) — Mon, 15 Apr 2013 23:23:00 +0000

Auto insurance is really a key concern as well as vital for all the driver operators. Finding and also maintaining inexpensive car insurance is a thing which often needs study and knowledge about the insurance policy.

Listed here are the approaches to acquire low-cost auto insurance which may help you to spend less money and acquire a good insurance plan which probably fits your specifications. Right before that, here are some ideas to guide you the way businesses decide on the premium.

1.Brand, make as well as book value of your vehicle being insured

2.Your age as well as marital status

3. The state and also local area you live in

4. Driving record - consisting of incidents and also violations

Listed below are some of the suggestions which are looked at when getting car insurance:

• Checking the things you need. It is the first part in acquiring the insurance with respect to coverage. Every state does have its constraints and depending on the state your vehicle insurance policy is considered. One can find different things which are evaluated like physical damage, personal injury protection and personal property liability and there will be diverse insurance premiums designed for those.

• Look for an increased insurance deductible. The insurance deductible is usually an sum which the insured will pay following a insurable incident. The higher the deductible the less is the risk the insurance firm takes. This is extremely important element to look at with a great responsibility.

• Pay out the insurance policy perfectly. Paying of the entire insurance plan at a stretch can gain a lesser amount for the premium.

• Picking the actual limits provides the insurance company to settle optimum sum for the insurable collisions. When you have met with an accident or even claim that crosses the limitations which you have chosen then the excess amount falls on your lap.

• Search for discount rates that the auto insurance firms deliver. The car insurers offer reductions for anti-theft gadgets, protecting driving course etc. Analyze about what offers your insurance companies are offering which will assist you in confirming the discounted car insurance rates.

• Check the insurance coverage, which you require respective to your state. Uninsured motorist coverage and comprehensive plan are a few protections that are ideal and gives more advantages. Accumulate the data relating to coverages and read them and determine the best option for you. A few insurance coverages offer advantages that you can't afford to exit. This will assist you to obtain rates and find out whether or not you can pay for them.

• Review the prices of all the car insurance companies and get a good option. Most insurance providers give you great discounts to preserve business to get the customers in this very competitive world, thus opt for the better policy from the available alternatives. To purchase cheap insurance quote, just compare the policies of all the companies. Evaluate the insurance deductibles, coverages and limits while evaluating so that you will obtain a better idea of the price and price of the car insurance policy.

While you are calculating auto insurance coverage, cost is not the only thing that will be considered. Get a good outline of all the factors of the coverage and select the policy which can be cheaper and which usually insures you. These approaches tend to be used by people who want to get an affordable insurance quote.
Source: http://www.articletrader.com

United Kingdom

noreply@blogger.com (TehFadez) — Mon, 18 Jun 2012 23:34:00 +0000

In 1930, the UK government introduced a law that required every person who used a vehicle on the road to have at least third party personal injury insurance. Today, UK law is defined by the Road Traffic Act 1988, which was last modified in 1991. The Act requires that motorists either be insured, have a security, or have made a specified deposit (£500,000 as of 1991) with the Accountant General of the Supreme Court, against their liability for injuries to others (including passengers) and for damage to other persons' property, resulting from use of a vehicle on a public road or in other public places.

It is an offence to use a car, or allow others to use it, without the insurance that satisfies the act whilst on the public highway (or public place Section 143(1)(a) RTA 1988 as amended 1991); however, no such legislation applies on private land.

Road Traffic Act Only Insurance differs from Third Party Only Insurance (detailed below) and is not often sold. It provides the very minimum cover to satisfy the requirements of the Act. For example Road Traffic Act Only Insurance has a limit of £1,000,000 for damage to third party property - third party only insurance typically has a greater limit for third party property damage.

The minimum level of insurance cover commonly available, and which satisfies the requirement of the Act, is called third party only insurance. The level of cover provided by Third party only insurance is basic, but does exceed the requirements of the act. This insurance covers any liability to third parties, but does not cover any other risks.

More commonly purchased is third party, fire and theft. This covers all third party liabilities and also covers the vehicle owner against the destruction of the vehicle by fire (whether malicious or due to a vehicle fault) and theft of the vehicle itself. It may or may not cover vandalism. This kind of insurance and the two preceding types do not cover damage to the vehicle caused by the driver or other hazards.

Comprehensive insurance covers all of the above and damage to the vehicle caused by the driver themselves, as well as vandalism and other risks. This is usually the most expensive type of insurance. For valuable cars, many insurers only offer comprehensive insurance.

Vehicles that are exempt from the requirement to be covered under the Act include those owned by certain councils and local authorities, national park authorities, education authorities, police authorities, fire authorities, health service bodies and security services.

The insurance certificate or cover note issued by the insurance company constitutes legal evidence that the vehicle specified on the document is insured. The law says that an authorised person, such as the police, may require a driver to produce an insurance certificate for inspection. If the driver cannot show the document immediately on request, and proof of insurance cannot be found by other means such as the Police National Computer, drivers are no longer issued a HORT/1. This was an order with seven days, as of midnight of the date of issue, to take a valid insurance certificate (and usually other driving documents as well) to a police station of the driver's choice. Failure to produce an insurance certificate is an offence. The HORT/1 was commonly known - even by the issuing authorities when dealing with the public - as a "Producer".

Insurance is more expensive in Northern Ireland than in other parts of the UK. In 2010 the cost of car insurance rose by an average of 33%.

Most motorists in the UK are required to prominently display a vehicle licence (tax disc) on their vehicle when it is kept or driven on public roads. This helps to ensure that most people have adequate insurance on their vehicles because an insurance certificate must be produced when a disc is purchased, although the insurance must merely be valid at the time of purchase and not necessarily for the life of the tax disc.

The Motor Insurers' Bureau (MIB) compensates the victims of road accidents caused by uninsured and untraced motorists. It also operates a number of Motor Insurance Databases, which contain details of every insured vehicle in the country and acts as a means to share information between Insurance Companies.

On 1 March 2011 the European Court of Justice in Luxembourg ruled that gender could no longer be used by insurers to set car insurance premiums. The new ruling will come into action from December 2012.

In June 2011 a new law known as Continuous Insurance Enforcement came into force in the UK meaning that a vehicle must have a valid insurance policy if it has a tax disc, whether or not it is kept on public roads and whether or not it is driven. If the car is to be "laid up" for whatever reason, the tax disc must be surrendered and a SORN declaration completed to say that it is off the public roads.

India

noreply@blogger.com (TehFadez) — Mon, 18 Jun 2012 23:30:00 +0000

Auto Insurance in India deals with the insurance covers for the loss or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. There are certain general insurance companies who also offer online insurance service for the vehicle.

Auto Insurance in India is a compulsory requirement for all new vehicles used whether for commercial or personal use. The insurance companies have tie-ups with leading automobile manufacturers. They offer their customers instant auto quotes. Auto premium is determined by a number of factors and the amount of premium increases with the rise in the price of the vehicle. The claims of the Auto Insurance in India can be accidental, theft claims or third party claims. Certain documents are required for claiming Auto Insurance in India, like duly signed claim form, RC copy of the vehicle, Driving license copy, FIR copy, Original estimate and policy copy.

There are different types of Auto Insurance in India :

Private Car Insurance - In the Auto Insurance in India, Private Car Insurance is the fastest growing sector as it is compulsory for all the new cars. The amount of premium depends on the make and value of the car, state where the car is registered and the year of manufacture.

Two Wheeler Insurance - The Two Wheeler Insurance under the Auto Insurance in India covers accidental insurance for the drivers of the vehicle. The amount of premium depends on the current showroom price multiplied by the depreciation rate fixed by the Tariff Advisory Committee at the time of the beginning of policy period.

Commercial Vehicle Insurance - Commercial Vehicle Insurance under the Auto Insurance in India provides cover for all the vehicles which are not used for personal purposes, like the Trucks and HMVs. The amount of premium depends on the showroom price of the vehicle at the commencement of the insurance period, make of the vehicle and the place of registration of the vehicle. The auto insurance generally includes:

Loss or damage by accident, fire, lightning, self ignition, external explosion, burglary, housebreaking or theft, malicious act.
Liability for third party injury/death, third party property and liability to paid driver
On payment of appropriate additional premium, loss/damage to electrical/electronic accessories

The auto insurance does not include:

Consequential loss, depreciation, mechanical and electrical breakdown, failure or breakage
When vehicle is used outside the geographical area
War or nuclear perils and drunken driving

Germany

noreply@blogger.com (TehFadez) — Mon, 18 Jun 2012 23:28:00 +0000

Since 1939, it has been compulsory to have third party personal insurance before keeping a motor vehicle in all federal states of Germany. Besides, every vehicle owner is free to take out a comprehensive insurance policy. All types of car insurances are provided by several private insurers. The amount of insurance contribution is determined by several criteria, like the region, the type of car or the personal way of driving.

The minimum coverage defined by Germany law for car liability insurance / third party personal insurance is:
7.5 Million Euro for bodily injury (damage to people), 1 Million Euro for property damage and 50,000 Euro for financial/fortune loss which is in no direct or indirect coherence with bodily injury or property damage. Indeed Insurance Companies usually offer all-in/combined single limit insurances of 50 Million Euro or 100 Million Euro (about 141 Million Dollar) for bodily injury, property damage and other financial/fortune loss (usually with a bodily injury coverage limitation of 8 to 15 Million Euro for EACH bodily injured person).

Canada

noreply@blogger.com (TehFadez) — Mon, 18 Jun 2012 23:28:00 +0000

Several Canadian provinces (British Columbia, Saskatchewan, Manitoba and Quebec) provide a public auto insurance system while in the rest of the country insurance is provided privately. Basic auto insurance is mandatory throughout Canada with each province's government determining which benefits are included as minimum required auto insurance coverage and which benefits are options available for those seeking additional coverage. Accident benefits coverage is mandatory everywhere except for Newfoundland and Labrador. All provinces in Canada have some form of no-fault insurance available to accident victims. The difference from province to province is the extent to which tort or no-fault is emphasized. International drivers entering Canada are permitted to drive any vehicle their licence allows for the 3 month period for which they are allowed to use their international licence. International laws provide visitors to the country with an International Insurance Bond (IIB) until this 3 month period is over in which the international assailant must provide themselves with Canadian Insurance. The IIB is reinstated every time the international assailant enters the country. Damage to the driver's own vehicle is optional - one notable exception to this is in Saskatchewan, where SGI provides collision coverage (less than a $1000 deductible, such as a collision damage waiver) as part of its basic insurance policy. In Saskatchewan, residents have the option to have their auto insurance through a tort system but less than 0.5% of the population have taken this option.

Australia

noreply@blogger.com (TehFadez) — Mon, 18 Jun 2012 23:27:00 +0000

In South Australia, Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 17. A similar scheme applies in Western Australia.

In Victoria, Third Party Personal insurance from the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee.

In New South Wales, Compulsory Third Party Insurance (commonly known as CTP Insurance) is a mandatory requirement and each individual car must be insured or the vehicle will not be considered legal. Therefore, a motorist cannot drive the vehicle until it is insured. A 'Green Slip, another name by which CTP Insurance is commonly known due to the colour of the pages which the form is printed on, must be obtained through one of the five licenced insurers in New South Wales. Suncorp and Allianz both hold two licences to issue CTP Greenslips - Suncorp under the GIO and AAMI licences and Allianz under the Allianz and CIC/Allianz licences. The remaining three licences to issue CTP Greenslips are held by QBE, Zurich and IAL - NRMA. APIA now also supplies CTP but is only for over 50's who are no longer working full time. A similar scheme applies in the ACT.

In Queensland, CTP is a mandatory part of registration for a vehicle. There is choice of insurer but price is government controlled in a tight band.

These state based third party insurance schemes usually cover only personal injury liability. Comprehensive vehicle insurance is sold separately to cover property damage and cover can be for events such as fire, theft, collision and other property damage.

What is Car Insurance?

noreply@blogger.com (TehFadez) — Tue, 17 Apr 2012 04:54:00 +0000

Car insurance is the law - in all 50 states across the U.S. This does not mean that all laws are created equal or that the same coverage is required. What the laws of the states require is that if you are driving an automobile on public roads, that vehicle must have a minimum level of liability insurance. This “minimum level”; ranges from $10,000 per person per accident to up to $50,000 per person per accident, but is that all there is to car insurance? Car Insurance for Every Situation There is car insurance to protect you if your car is stolen, car insurance to protect your car if it gets hit by someone else, or if you run into buildings, other cars or other people. There is also insurance to protect you and your passengers if you are involved in an accident by providing for your medical expenses that come about as a result of the accident. While the cost of coverage will vary, the major types of auto insurance coverage are:

Liability - This insurance provides for the repair of a damaged vehicle or injury to another person involved in a collision with you. This is usually given in a three part number such as 10/20/50 with the first number representing the maximum amount of coverage for someone you injure in an accident ($10,000), the second being the maximum that will be paid for injuries to any number of people in the car ($20,000), and the third being the maximum covered costs to repair damage done to a vehicle ($50,000).

Comprehensive/Collision - This insurance provides “all around” coverage for your own vehicle if it is involved in an accident. While your car is under lease or if it has been bought with auto financing (loan) and is being paid off, many lenders will require that you carry comprehensive insurance on the vehicle in order to protect their investment. This insurance will pay to repair your own vehicle after an accident or possibly even replace it if it is totaled. Theft insurance; protection for your car if it is stolen - is also usually covered under comprehensive.

Uninsured/Underinsured Motorist - This insurance provides “reverse liability” protection for you in case you are involved in an accident that is someone else's fault...and they do not have the minimum insurance required by the sate or it is not enough to cover your vehicle damage or injuries. This insurance will kick in to pick up the tab - usually without raising your premiums as a result.

Rental Reimbursement - This insurance will help you to pay for (or completely cover) the cost of renting a vehicle if your car is ever disabled as a result of an accident or mechanical failure. While most people carry the minimum liability as required by their state law, you should consider carefully - especially if you are a homeowner - carrying more than the minimum requirements, especially if they are quite low. If your insurance does not cover the costs of an injury as a result of an accident, you can be personally sued to recover the rest. Those with substantial assets could quickly find themselves in court fighting off a $100,000 or $200,000 medical bill after a moderate to severe collision that they were ruled partially at fault for.