Auto insurance and the gap: what you need to know If your vehicle is totaled in an accident, your auto insurance will likely only reimburse you for the actual value of your car — which may be much less than what you paid for it. This is because most cars depreciate rapidly as soon as … Read more
Auto insurance is a contract between you and your insurance company. Your policy is the document that explains what types of coverage you have, how much your deductible is, and other important details. If you’re involved in an accident, your insurance company will pay for your medical bills up to the limits of your policy. … Read more
If you’re shopping for home insurance, you may have come across the term “all other perils.” But what does it mean? Simply put, all other peril is a catch-all phrase for any type of damage to your home that is not caused by fire, wind, or hail. This can include things like theft, vandalism, water … Read more
Premium Auto insurance is a necessary expense for all drivers, but it doesn’t have to be expensive. Here are six tips on how to lower your auto insurance premium: 1. Review your coverage regularly – Make sure you are not paying for coverage you no longer need. For example, if you have paid off your … Read more
If you’ve ever been in a car accident, then you know how stressful it can be. Not only do you have to deal with the aftermath of the accident itself, but you also have to deal with the insurance company. One of the things that insurance companies will often ask for is something called a … Read more
If you’ve been in an auto accident, you may be wondering how to file an auto insurance claim. Filing an insurance claim can be a daunting task, but it doesn’t have to be. Here are a few tips to help you through the process: 1. Gather all the necessary documentation. This includes your insurance policy, … Read more
Auto insurance premiums are largely based on the type of car you drive. Sport utility vehicles (SUVs), pickup trucks and minivans tend to be the most expensive to insure, while sedans and hatchbacks are usually cheaper. Here are some average annual premiums for popular car types, based on data from the Insurance Bureau of Canada: … Read more
Auto insurance covers many things, but collision insurance specifically covers damage to your vehicle in the event of a collision with another object. This could include another car, a tree, a guardrail, or just about anything else. If you have comprehensive and collision coverage, your insurance will pay for the repairs (minus your deductible). -Collision … Read more
If you’ve ever wondered why your Florida auto insurance rates are so high, you’re not alone. In fact, Florida has some of the highest car insurance rates in the country. There are a number of reasons why this is the case, but the most important one has to do with the frequency of natural disasters … Read more
Most auto insurance companies manage risk by using a variety of methods to minimize their exposure. One common method is to spread risk by insuring more than one driver or household. Another way to manage risk is to avoid high-risk drivers and situations. Additionally, many insurers offer discounts and other incentives to encourage safer driving … Read more