What Types of Car Insurance Coverage Should You Get?

<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSX_RGX-Zj9eL4iSqhS2ZVNMqucDBO3SkAtZJq_wZk-CuVTnLslozKBHE4gaQx2IGO3zBCN8UZ37ZaArbgrzTBAE7IXCzpBCFHinff6F4XUoAfz2FfXNC8dMQZV2eJlonEyYZCuz41pjo/s1600/car-insurance-mistakes.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSX_RGX-Zj9eL4iSqhS2ZVNMqucDBO3SkAtZJq_wZk-CuVTnLslozKBHE4gaQx2IGO3zBCN8UZ37ZaArbgrzTBAE7IXCzpBCFHinff6F4XUoAfz2FfXNC8dMQZV2eJlonEyYZCuz41pjo/s1600/car-insurance-mistakes.jpg" width="320" /></a></div> While driving a car can be nice and very useful, sometimes numerous breakdowns and accidents can make the whole experience a little hard to cope with. Thankfully, the large costs can be covered by insurance, which is a necessity in many countries all over the globe. You have numerous types of insurance that you can adhere to, and each one differs based on the stuff that it covers as well as the required budget.<br /> <br /><b>Liability Insurance </b><br />This type of insurance is one of the most popular, and states that if you are involved in an accident and the police says it’s your fault, the insurance company has to cover all the repair costs for buildings and cars, as well as the medical bills from injuries. Most of the time this insurance has a minimal requirement, but it’s important to go beyond that because if the damages pass the covered limit, you will be responsible to pay the rest. Depending on the assets that you want to protect, this type of insurance can be very costly or sometimes cheap.<br /> <br /><b>Comprehensive Insurance</b><br />This type of insurance covers all the costs of your car accidents, but it also covers other situations such as car theft, weather damage and just about any type of mishap that can happen to your car. It’s very helpful, however quite costly, and that is why it’s worth it only for those cars that are very expensive.<br /> <br /><b>Collision Insurance</b><br />Collision insurance will give you money to repair your vehicle that has been damaged in an accident and that’s it. This is good if you weren’t the cause of the accident, otherwise you will have to pay the repairs of any other car from your own pocket.<br /> <br /><b>Medical Protection Insurance</b><br />Sometimes, after a car accident, you will have to deal with numerous injuries. Unfortunately, the cost of medical treatment can prove to be astronomical, and that is why you need to make sure that you have a professional way to cover the expenses if such a thing happens. This type of insurance is perfect for those people that want to make sure they will be taken care of the proper way by a medical team if they sustain an accident.<br /> <br /><b>No Fault Insurance</b><br />This is offered in multiple states in the US and it covers property damage as well as injuries, no matter which person is responsible for the problem. There are multiple tier costs, and it’s important to know that, overall, this is the most expensive type of insurance you can find out there.<br /> <br /><b>Gap Insurance</b><br />Gap insurance is suitable in those situations when you are still paying for the car when you are involved in an accident. This is a good insurance if you owe more on your car than you would get if you would sell it right away. <br /> <br />In conclusion, these are the best types of car insurance that a person can get nowadays. As you can see, each one of them covers different things, so when you choose one it’s very important to assess your needs and find out which one suits you best.

What Types of Car Insurance Coverage Should You Get?

While driving a car can be nice and very useful, sometimes numerous breakdowns and accidents can make the whole experience a little hard t...

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The Benefits of Paying a Car Insurance Premiums in Full Vs In Installments

<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkgiV7jS3_uZS6ypaD3n2eMkvAJVm0AVCfDyhVJPZVmwjngmdxNGF9SyCGVLSXpJj55o6hQjrO-maLigk6rIoSZJIkIZS_J_rJVt9Lg0gR6ocVRclGrIo0WC9rXzt_Es9cSPAnH0wL8wQ/s1600/carinsure.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkgiV7jS3_uZS6ypaD3n2eMkvAJVm0AVCfDyhVJPZVmwjngmdxNGF9SyCGVLSXpJj55o6hQjrO-maLigk6rIoSZJIkIZS_J_rJVt9Lg0gR6ocVRclGrIo0WC9rXzt_Es9cSPAnH0wL8wQ/s1600/carinsure.jpg" width="320" /></a></div> Every auto insurance company offers several different options for paying your vehicle insurance premium. Several car insurance firms let you pay over the phone or online by electronic check or credit card, while others will require you to send in a check payment. You may also have the option to make an installment payment or pay for your insurance premium up-front, and you will save a few dollars each month in penalties and transaction fees.<br /> <br /> Annual premium payments typically do save you money over the course of the year, and can also help you save time because you don't have to worry about making a payment by a certain due date each month. Here are some important things you should know about paying your car insurance in full:<br /> <br /> Cost Benefit of Paying Car Insurance in Full<br /> <br /> A large number of car insurance firms offer the option of making quarterly or perhaps even monthly payments for a fraction of the yearly premiums as a convenience for their customers. Whether or not paying up front will be beneficial for you depends on your specific circumstances. For some people on a tight budget, it is simply easier to pay in installments. In these cases, the car insurance provider can set up an auto payment with your checking account and deduct the payment each month automatically.<br /> <br /> However, there is typically a fee associated with making installment payments. In some cases, you will be paying up to $10 or more per payment and may also incur billing and processing fees. If your policy is low enough that you can afford to make a one-time payment, you will enjoy some money-saving benefits.<br /> <br /> Fees Associated with Insurance Installment Payments<br /> <br /> In addition to the monthly fees associated with making insurance installment payments, you may be responsible for paying service fees per transaction when paying by credit card, over the phone or online. Different car insurance providers have different policies on transaction fees, but these will add up if you choose to pay on a monthly, quarterly or installment payment program.<br /> <br /> When you choose to pay your auto insurance premium in full, you may only be required to pay a single transaction fee. In many cases, you can simply send in a check for the full amount and avoid transaction or processing fees altogether.<br /> <br /> Paying your car insurance in full offers a number of money-saving benefits. Installment plans are designed as a convenience for customers that may be on a tight budget, or for those who simply don't have the full amount of their premium available to make an upfront payment. In most cases, you can avoid many types of transaction and service fees simply by making a one-time payment for your car insurance in full.<br /> <div> <br /></div>

The Benefits of Paying a Car Insurance Premiums in Full Vs In Installments

Every auto insurance company offers several different options for paying your vehicle insurance premium. Several car insurance firms let y...

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Do You and Your Car Insurance Company Know Your Liability?

<div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhylhl9bZ5H0RdLAmbjQp936sg6j_rrTEEsQfJe_aDYSuQ1_qynxeSa99F1mGEP3bEDUx0S3mG3KJLcxizOnfv1iDGOgTHZFcXdzFFbqBGzSlUY3UxxRAUwO1-cAh2xomxzvz_j7RoVgQs/s1600/insure.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhylhl9bZ5H0RdLAmbjQp936sg6j_rrTEEsQfJe_aDYSuQ1_qynxeSa99F1mGEP3bEDUx0S3mG3KJLcxizOnfv1iDGOgTHZFcXdzFFbqBGzSlUY3UxxRAUwO1-cAh2xomxzvz_j7RoVgQs/s1600/insure.jpg" width="320" /></a></div> <br /> Traffic signs are everywhere. They provide us with warnings, directions and information. They can be found along public roadways, private roadways and parking lots. As of June 13, 2014 all agencies with public and private roadways which are opened for public travel are required to have a traffic sign assessment and management plan in place.<br /> <br /> I know what you are thinking, that's great the government has more paperwork to add to their already inflated bureaucracy. Though that may be the case, if you are a commercial or industrial business, mall, shopping center, home owner's association, convenience store, gas station, just to name a few, with a parking lot or roadways, you should be preparing for traffic sign Retroreflectivity.<br /> <br /> Why should you be concerned or taking note of traffic sign assessment and management? Well simply put if you allow motorists to drive on your property, which would almost be impossible not to, you are entering new realm of possible liability.<br /> <br /> You along with your Insurance Company should know what the failure to prepare and plan for traffic sign assessment and management can mean. I bet most agencies and businesses don't even know what traffic signs are their responsibilities.<br /> <br /> Why don't you humor me and let me give you an example how this can affect you. When your property was built, more than likely you or the owner at the time had to obtain a driveway or highway occupancy permit to enter and exit the public roadway. More than likely your plan had a stop sign at the entrance, no big deal, right? Wrong, if a driver leaving your property pulls out into the path of an oncoming vehicle and there is an accident, one of the things that the investigating agencies will be looked at is whether the proper traffic signs are in place and in operational condition. They will look at the signs in helping to determine who is at fault. Maybe not a huge deal if it is a fender bender, but what if there are major injuries or even worse a death. Now you can be certain the insuring parties, or family of the injured or dead are going to be looking for someone to pay for the damages and pain and suffering.<br /> <br /> Get my point! In the example above we are only talking about one sign, a stop sign. Let me ask you a few things that the investigators will probably asking.<br /> <br /> Property owner, what was the date the stop sign was installed? Do you have records of the purchase? Did the stop sign meet the highway traffic sign standards at the time of installation? Where did you purchase the sign? Was it installed to the proper height and mounting standards as required by the highway standards? When was the sign last assessed for compliance?<br /> <br /> Holy cow! As a property owner how would you know any of that information? Simple: a traffic sign assessment and management program.<br /> <br /> Now many permit and civil plans for properties have more than one stop sign on them, many have multiple signs. Did you also know that some state, county and local agencies add wording to the permit plans that give responsibility for the new roadway signs added during construction to the property owner. I know, you are asking why, would they do that. Simple, alleviate or pass the responsibility to someone else. Smart on their part, but bad for you and you insurance company.<br /> <br /> The MUTCD (Manual on Uniformed Traffic Control Devices) is about to make all of our lives a little bit more interesting. I believe the door is opening for a flood of liability claims relating to traffic signs. The MUTCD and Federal Highway Administration have stated that private roads open to public travel are required to meet provisions of the MUTCD, including the minimum retroreflectivity standards. I know some people will argue that parking lots are not included, however I believe this extends to parking lots. My logic behind this is that there are drive lanes in a parking lot and what is a drive lane other than a private road. But hey I will let the lawyers argue that point in court.<br /> <br /> A statistic obtained from Auto Insurance quotes.com, indicated that Nationwide Insurance's 2012 claim data showed 13 percent of all accidents occur in parking lots. During my research I have found that injuries to pedestrians are one of the fastest growing types of accidents which occur in parking lots. So my next question is are your Pedestrian crossing signs compliant?<br /> <br /> As you can see, I am trying to make a point, if you do not have a traffic sign assessment and management plan in place or think that it can't happen to you all I can say is good luck. But just remember an implemented plan may be the cheapest insurance you could purchase.<br /> <br />

Do You and Your Car Insurance Company Know Your Liability?

Traffic signs are everywhere. They provide us with warnings, directions and information. They can be found along public roadways, private...

Read more »