Archive for the ‘Insurance News’ Category
Sunday, June 13th, 2010
Georgia auto insurance ‘Obtaining the cheapest possible insurance is not always the best bet. Obtaining the cheapest possible Georgia car insurance is not always the consumers best bet. What a consumer gains in low auto insurance and savings of- can actually be outweighed by the unforeseeable and cause them more trouble than if they had just paid out in the beginning. Sometimes it does take money to make and save money. This just might be the case here in Georgia and a handful of other states. Researching and using a little common sense is one of the best ways consumers can find the best auto insurance rates and premiums.
In the state of Georgia, it is required that everyone that owns their own transportation must obtain insurance for said vehicle. Provided they have a valid Georgia license plate of course. Now, the minimum cost for coverage is twenty-five thousand dollars for bodily injury to one person, fifty thousand dollars to all bodily injuries involved, and twenty-five thousand dollars for property damage. Now no one ever wants to be part of an accident, and if it should happen, these coverages might seem like acceptable amounts but to many consumers surprise, these premiums just don’t do anyone any justice. This day an age healthcare costs are astronomical, the number of uninsured motorists is rising drastically , and more and more people are finding any means to make an easy dollar (SUE CRAZY).
Hospital bills and medical bills alike are very expensive and depending on just what the injuries are, most consumers auto insurance only covers so much. This same fact holds true for property damages. In most cases, the minimum amount of car insurance coverage just won’t be sufficient enough and that leaves the person/persons involved in the accidents, having to pay the remainder out of their own pockets. This can pose a huge problem for consumers with inadequate car insurance, unless they just so happen to have a spare thirty-to forty-thousand dollars lying around to cover the additional damages and medical bills..
Depending on the different circumstances that arise from the accident, damage done to the opposing vehicle may also easily exceed a consumers insufficient auto insurance coverages. Some people might still claim that they just can’t afford the superior car insurance , however, if they will just take a little time to do some research, they might find that there are many places, especially on the internet, where affordable auto insurance coverage can be found and prices compared between top insurance coverages.
By utilizing online auto insurance comparisons sites, smart consumers will possibly be saving themselves financial hardship in the future but at least they can have some comfort in peace of mind. These special services are offered to all potential coverage owners regardless of the state in which they reside. Also, most states have varying bylaws so it would be prudent to make sure that the coverage rates being viewed apply to the state in which one lives. Auto accidents occur hundreds of times a year, why have inferior coverage if it can be avoided?
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Sunday, June 13th, 2010
Many people seem to have the same question regarding their automotive insurance and going on vacation. Will your automotive insurance cover your rental car? You want to make sure you are covered and know how to answer when the rental car representative asked if you want to buy the insurance for the rental car.
The only way to make sure that you are covered under your regular automotive insurance is to pull out your papers and look. It is always recommended to double check with your agent by giving them a call. Usually, there are two instances where you will be covered by your car insurance for a rental car.
Automotive Insurance Policy: Many insurance agencies will grant this coverage to their rental cars as well, under the heading of it being considering taking a vacation, so you need to double check with you insurance agency.
If you are leaving for a business trip, your employer should have insurance extended to you for the trip. They are responsible for this, not your private auto insurance. Automotive Insurance Through Credit Card Company: Many credit card companies will provide you protection on cars rented on their credit card.
While the coverage amounts can vary depending on which credit card company it is, you should always check with the conditions of the card to make sure you will be covered enough or you should add on rental car insurance when you go to rent it.
You don’t want to be held having to pay enormous amounts of money out of your pocket. If you decide that having extra coverage will better your situation, there are many common insurance options available to you and are given usually at all rental companies.
Collision Damage Waiver & Loss Damage Waiver: This pays if you have lost your rental car from a theft or it is has been vandalized or damaged in an accident. This is also commonly referred to as CDW and LDW.
Personal Accident Insurance: This pays if you have medical bills from a car accident that has taken place in your rental car. This is also known as PAI.
Supplemental Liability Insurance: This pays you up to one million dollars in extended liability coverage. This is also known as SLI.
Personal Effects Coverage: This pays you for any of your personal possessions that are stolen from inside your rental car. This is also referred to as PEC.
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