Liability Current Rates, News & Information
Understanding Diminshed Value Payments
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Comprehensive Insurance , Liability , Property Damage
April 16th, 2009
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Once a car is damaged in an accident, it will truly never be as “good as new,” because of the diminished value caused by the wreck. Once a car is involved in a collision, although auto insurance may cover the repairs of the vehicle, the car will never be worth its full value again because repair work for an accident lowers the value of your vehicle. Your car will now have a permanent history of being wrecked, and consumers will not be willing to pay full price for a previously damaged vehicle, no matter how well the repair job was done. 
Working With Another Insurer When Not at Fault for an Accident
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Liability , Property Damage
April 15th, 2009
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The aftermath of a car accident is oftentimes difficult to deal with. Even if the damage to your health and property are minor, and you are not found at fault for the collision, working with another auto insurance company to settle your claim can be a stressful and time consuming process. The first step in this process happens immediately after the collision. You need to document all the information associated with the accident and driver to get the claim process started.
Why You Need Underinsured Motorist Coverage
Posted in Auto Insurance , Auto Insurance Claims , Collision Insurance , Comprehensive Insurance , Liability , Property Damage
April 14th, 2009
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Underinsured motorist coverage is a way to protect an insured driver who becomes involved in a collision with another driver who does not have adequate auto insurance coverage. If the driver of the other vehicle is determined to be at fault and their policy limit does not cover your all the related expenses, you will most likely have to pay out of pocket to cover the rest if you do not have underinsured motorist coverage. Because many states have low auto insurance coverage minimums, their policies will most likely not cover them or involved parties in the event of a major accident.
What is a No Fault Auto Insurance Law?
Posted in Auto Insurance , Collision Insurance , Liability , Property Damage
April 10th, 2009
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It is happening right now somewhere in the world. Despite the best of intentions and skills of two drivers, their cars are colliding and an accident has just occurred. In a fantasy world, both drivers would be able to file claims with their insurance companies and get the settlement money needed to make both them and their cars whole again. In reality, that is the concept before no-fault auto insurance.
Auto Insurance Benefits Forfeited in Street Racing
Posted in Auto Insurance , Auto Insurance Claims , Auto Insurance Quotes , Comprehensive Insurance , Liability
April 3rd, 2009
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There are many factors contributing to street racing. Teens are the most common violators of street racing laws. Many times this reckless behavior can be discouraged by more education and a better understanding of the consequences.
Street Racing is Illegal Everywhere
Street racing is not legal anywhere in the United States. Because of its high-risk status, auto insurance companies withdraw their benefits if they discover that an accident was caused due to street racing. By not offering insurance coverage for street racing, people will more carefully consider the financial and personal risks they are taking when participating in reckless driving behavior.
Automatic Insurance Coverage for a New Car
Posted in Auto Insurance , Liability
March 9th, 2009
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Buying a new car can provide a thrill of a lifetime. Fancy gadgets, fuel efficiency and advanced safety technologies combined with the new car smell can be an intoxicating sensation to relish and enjoy. Before you float away on cloud 9, it is important that you stay grounded and make sure to take care of your auto insurance for your new car as most states require active insurance coverage before you can even take it off the lot.
What If Another Driver Crashes My Car?
Posted in Auto Insurance , Liability
March 6th, 2009
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It happens from time to time that we have to let other people, such as friends or family members, drive our cars. Their car may be in the shop, or maybe it’s been stolen and they haven’t gotten a new car yet. In any case, they might need to borrow your car and you let them. If they get into an accident while driving your car, it can have negative repercussions to your car insurance. You need to know more about your insurance policy if you’re want to be able to loan your car carefree.
Benefits of Gap Coverage
Posted in Auto Insurance , Collision Insurance , Comprehensive Insurance , Liability
February 24th, 2009
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In case you are unfamiliar with the term, gap coverage is auto insurance for people with very large balances left on their car loans. Gap coverage means that if the owner of the car is upside down on their loan, then the loan will be forgiven. The basics of gap coverage are easy to understand, and its benefits are obvious to people with big balances remaining on their car loans.
Minimum Level of Auto Insurance Coverage Per State
Posted in Auto Insurance , Liability
February 17th, 2009
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Just about every state in America requires some form of car insurance. This is to make sure that you, as a driver, will have financial resources available to pay another driver should you be responsible for a car accident that results in damages to the other driver. All states will require minimum amounts of coverage, and these minimums will vary from state to state.
Is Auto Insurance Required in Every State?
Posted in Auto Insurance , Liability
February 14th, 2009
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In the United States, every state in the union (with one exception), from Alaska to Wyoming, requires auto insurance of some form. This means that every person who owns a car must have insurance for it. The specifics of auto insurance coverage requirements will vary from state to state, but the bottom line is, if you own a car, you must have insurance.