Search Results for: blog the contents of an auto insurance policy

Tips to Get the Most From Your Car Insurance

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If the state that you live in requires all drivers to purchase car insurance, then you pretty much have no choice except to buy it. If you take the time to think before you impulsively buy a policy, you can manage to get a lot out of your car insurance. Just because it is something that you have to buy doesn’t mean that you aren’t allowed to make it work for you. The first thing you should do is a little homework. Take some time and research a few different insurance companies that sell auto insurance. Ideally, you will want … Continue reading →

What’s In Your Homeowners Insurance Policy

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You’ve done the responsible thing, and gotten a homeowners policy. This is a great way to provide yourself, and your family, with some protection in case your home is damaged, or your property is stolen. However, not all homeowners insurance policies are exactly the same. How much do you know about what is, and what is not, in your homeowners insurance policy? Most homeowners policies contain five important types of coverage. The first section is Dwelling Insurance, which covers the cost of replacing the actual structure of the house, the garage, and possibly a storage shed. The second section covers … Continue reading →

Five Important Insurance Tips For Your Recreational Vehicle

Owning a Recreational Vehicle (RV) offers families the freedom to explore the beauty of America while enjoying a few comforts of home. Whether you’re a retired couple traveling or taking the great family vacation America’s roadways, even the best plans can go astray. Traveling in a Motor home or RV can leave vacationers subject to problems and when that happens most policyholders are happy when they investigated their insurance options first. Many Personal Auto Insurance policies will allow an insured to add their motor home or RV to the personal auto policy and some estimates indicate that as many as … Continue reading →

Insurance Terms: S

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U-V | W-Z Salvage Refers to damaged property an insurance company takes in order to reduce losses after paying an insured for a claim. Insurance companies take salvage rights over property considered to be a total loss. For example a totaled auto would become salvage property of the insurance company. The insured may pay a salvage charge in order to … Continue reading →

How to Avoid Auto Insurance Cancellation

One of the most costly and difficult things to overcome is having your insurance policy cancelled. A cancelled policy is never a positive mark on someones insurance credit score history. Cancellation usually means the insured policy holder has caused the insurance company a reason to deny accepting the risk any longer. The most common reason for an insurance company to cancel an Auto Insurance Policy include: It all starts with the original Application a person submits when asking for insurance coverage from an insurer. The insurance company has the right to cancel a new insurance policy any time and for … Continue reading →

Insurance Terms: L

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Lapse is the termination of an insurance policy because of nonpayment of the renewal premium by the end of the grace period. Law Of Large Numbers is the basis of the Business of Insurance. The theory of probability based on the premise that the larger the group of units or items that are insured, for example Dodge Minivans, the more Minivans … Continue reading →

Insurance Terms: H

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Hacker Insurance believe it or not this area is a major concern for business engaged in electronic commerce and or stores sensitive information. Hacker insurance is insurance that protects businesses from losses caused by hackers. Hard Market is a term that refers to a seller’s market when insurance is more expensive and is more difficult to obtain. A hard market is … Continue reading →

Insurance Terms: G

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z GAP Insurance is additional automobile insurance policyholders might consider as an option, in some states. GAP insurance will cover the difference between a vehicle’s actual cash value when it is stolen or wrecked and the amount owed on a lease or to an auto finance company. General Liability Insurance is an insurance product designed to protect a business owner and operator … Continue reading →

Insurance Terms: F

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Face Amount is the fixed-amount of value for a whole life insurance policy. The actual amount to be paid in the even of death or at maturity of a life insurance policy, not including any dividend additions or additional amounts payable under an accidental death clause or other provision of the life insurance policy. FAIR Access To Insurance Requirements Plans–FAIR PLANS … 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 →