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Insurance Terms: C

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Cancellation is when you or your insurance company decided to end all insurance coverage prior to the policy expiration date. Captive Agent is a licensed insurance agent who represents only one insurance company and is limited by contract agreement from submitting new business to any other insurance company, unless or until the agent’s captive company rejects the business. Casualty Insurance is … Continue reading →

How Much and What Kind of Insurance Do We Need?

There are two main reasons everyone will be required or needs to consider purchasing insurance in order to manage their personal risks. In most cases the legally required insurance will cover for liability or property damage where we ourselves are not the one who will be financially protected. Required Insurance Generally Includes: Legally required financial responsibility auto insurance. Most states set a minimum dollar amount of required liability insurance in order to register an automobile. The minimum requirement is for damages a person may cause to someone else’s property or injuries. Loan and Financing Required Insurance is most common for … Continue reading →

Insurance Terms: A

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z AAA Insurance: Help on the Road and Beyond, AAA is well known for their roadside services including towing as well as their trip planning tools. Today AAA offers a wide range of insurance products. Accident: Is an unforeseen, unexpected, or unintended event. Accidental Bodily Injury: Is the physical injury caused to someone resulting from an accident. Accidental Death Benefit: For a … Continue reading →

What to Know About the Rental Car Agreement and Insurance.

Insurance is state regulated, the type of coverage and the premium cost will vary from one state to another. Rental car customers usually have choices of what added insurance they may need to purchase in order to cover a rented auto. Before you show up in line at the rental car counter be sure to do some advanced planning. The Insurance coverage you may want to understand include the following coverages: Collision Damage Waiver Rental car insurance usually offers a collision damage waiver, in some cases this coverage may also be called, a Loss Damage Waiver. These policies are not … Continue reading →

Planning a Family Vacation? Steps to take before Renting A Car

Spring break is here and summer is just around the corner! Many families will head out the door for a well planned vacation which may include Renting a Car. Many vacationers may not even think about the insurance for a car rental until they’re at the rental counter, and this can lead to an expensive mistake. Insurance needs should never be a quick decision and one of the most common places consumers make poor choices are at the end of a long line at the rental car counter. Many consumers panic when asked, “Would you like to buy or decline … Continue reading →

Hit-and-Run Driver Crashed into Parked Car.

One of the most interesting insurance positions I held was in a Multi-Company Insurance Agency with a specialty in providing insurance coverage for used car dealerships. I worked in the personal lines where we made sure everyone–including the dealers employees were insured. But, my primary job was to manage all of the agencies claims. I was the liaison between our policyholders–clientele and the claims adjusters for the insurance companies we placed our customers with. Recently a Families.com forum member Asked me about a claims situation with her auto insurance. Unfortunately, the story is one I have heard way too many … Continue reading →

Start The Engine! Auto Travel and The Winter Car Trip.

Driving in winter conditions requires skill and concentration. Taking a long trip on unknown winter roads requires some preplanning. If you have already taken all the steps before the engine starts, now it’s time to talk about the actual journey. If your aren’t used to driving on snow or ice be sure to review the Five Tips For Driving on Icy, Slippery or Snow Covered Roads . This time of year can bring surprises when you least expect them and some of the roads we travel may be affected by winter conditions. It’s always a good idea to keep the … Continue reading →

Five Tips For Driving on Icy, Slippery or Snow Covered Roads.

. When I was a young driver I had this idea that accidents in the snow were no one’s fault. I really have no clue where this notion came from, considering I took my behind the wheel driver’s test in ten-feet of snow. I just thought that an accident on slippery snow covered roads, would be expected so therefore no one would be at fault. I guess, this might be how a teenager thinks, at least until they learn the hard way. Just to make it real clear, when a driver has an accident in the snow–it isn’t God’s fault–and … Continue reading →

When The Other Driver Is At Fault

So far, in this series of Blogs we have discussed the basic steps to take at When You Are Involved In An Auto Accident and Things You Should Say At The Scene of an Accident. In this Blog let’s talk about the steps to take when you are 100% sure, the other driver is 100% at fault for the accident. The most important thing to remember about the fault of an accident is that in some States percentage of fault can be assigned to both drivers. In many cases, when an insurance claim is settled both drivers will be deemed … Continue reading →

Are You A High Risk to Your Auto Insurance Company?

One of the most important factors affecting your auto insurance premiums would be the kind of Risk you are seen as by an insurance company. Most insurance companies offer several levels of premiums based on the risk you and the drivers in your household are, and more factors decide this than you may expect. These are the major ones: Driving record. Everyone knows that an at-fault accident will increase insurance rates, but tickets and not-at-fault accidents can too. Insurance companies believe that for every speeding ticket you get, your chances of being involved in a traffic accident rise by 100%. … Continue reading →