What Do You Mean My Auto Insurance Policy Doesn t Cover This!!

Auto insurance is an agreement between you and your insurance company where you arrange to pay a premium in an exchange for the peace of mind that your insurance agency will pay for vehicle related financial losses during the duration of the policy. You need auto insurance because you are liable by law to pay for losses you cause to others in the event of an automobile accident. Purchasing auto insurance is the surest way to guarantee you will be able to fulfill your end of the bargain. In some states it is required that you have minimum forms of insurance in order to drive. You also must have insurance in order to finance a car.

One of the first questions you will be asked when obtaining automobile insurance is how much of the covered loss or deductible do you want to be your responsibility? You may choose between $100, $250, $500, or $1,000. The higher your deductible the lower your premium however you must keep in mind that the deductible is the amount you must pay before your insurance will assist you. If you cannot afford to pay the first $1,000 of the covered loss you may want to consider how much you can afford and choose a lower deductible.

Your insurance coverage is broken down into each purpose you would need to be covered for. One of the most common coverages include liability which pays out when the insured driver is legally responsible for bodily injuries and property damage they cause to others. Bodily injury damages cover medical expenses, pain and suffering, lost wages and other special damages. Property damage includes damaged property and loss of use. Liability also pays legal defense expenses. Each state has a set minimum amount of coverage you must carry but you may opt for higher amounts.

Personal injury protection pays medical expenses for covered individuals despite who is at fault for the accident. It also covers rehab, lost wages, replacement of services and funeral expenses. Medical payment coverage pays medical and funeral expenses regardless of fault when the causes of these requirements are due to an automobile accident. Collision coverage pays for damage to an insured vehicle caused by collision with another vehicle or object. Your deductible will apply to collision coverage.

Comprehensive coverage pays for loss of or damage to an insured vehicle unless is damaged or lost as the result of a collision. Comprehensive would cover losses due to theft, fire, wind, hail, flood, vandalism or impact with an animal. Your deductible will apply to comprehensive coverage.

Uninsured motorist pays for loss or damage caused by another driver who does not have liability insurance. Underinsured motorist coverage pays when the insured driver is injured in an automobile accident caused by a driver who has an inadequate amount of liability insurance. Rental reimbursement pays rental vehicle costs when your vehicle is put out of commission as the result of an automobile accident. Daily monetary limits may apply. Emergency roadside assistance coverage pays towing expenses when your vehicle breaks down. Distance limits may apply.

Your policy will generally cover you, your spouse children and other family members who reside in your residence as well as anyone else who has permission to drive your covered automobile.

Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers free money saving home, life, health and auto insurance quotes that you can research in your pajamas on his website.



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Life Insurance Settlement

Why Buy Life Insurance? Life insurance is generally offered as part of a benefits package with employment. For the most part, however, these policies are rather small, usually in the ten thousand dollar range. People buy life insurance policies so that their families will not have to bear financial burden when a loved one passes on.
There is another reason to buy life insurance, however, and it is the life insurance settlement. Your life insurance policy can be settled for a large sum before the end of your lifetime, though many people are not aware of this. Others buy life insurance specifically with this reasoning in mind.
Purchasing a Life Insurance Policy Though it may sound strange, it s actually a good idea to buy life insurance while the policyholder is still in good health. Rates are usually cheaper when this is the case, which makes buying a life insurance policy a whole lot easier. Also, rates are less expensive if you buy life insurance while still young. If you re young and in good health, it s actually the best time of your life to purchase a life insurance policy as strange as that may sound.
Don t be afraid to do your own shopping around to find the best rates, and the best life insurance settlement. Comparison shopping is the way to make sure you get the best life insurance policy, and life insurance settlement, possible. Don t rely on your employer to give you all the life insurance coverage you need. Generally, life insurance policies and life insurance settlements offered as part of a benefits package will not have good payoffs.
The Life Insurance Settlement There are many reasons that you may want to settle your life insurance policy. Sometimes, a life insurance settlement is the best thing you can do for your family. For instance, when the policyholder has reached the age of seventy and there is a need for a new life insurance policy or long-term care, your best option may be a life insurance settlement. A change in health status, estate tax charge, or when the policy has outlived the beneficiaries may all be reasons to consider a life insurance settlement, as well.
A large factor in the life insurance settlement is the need for liquidation of assets. This may be due to bankruptcy or other financial reasons, or simply that the policy holder would like to acquire the sum of the life insurance settlement early. Your reasons for settling your life insurance policy are your own, and if you feel the need for a settlement then you should pursue one.
Be sure to discuss your life insurance settlement options with your insurance company. If needed, have a new life insurance policy in place before going forward with your life insurance settlement. There is no reason you cannot have two or more life insurance policies at the same time.
A life insurance settlement can allow you to enjoy some of the benefits of your life insurance policy, and be a good source of income when long-term care or extra income is needed. Be sure to discuss the exact amount that you will receive from your life insurance settlement with your insurance company, and find out the payment scale and time frame for receiving your settlement. When you agree on a life insurance settlement, the paperwork that you sign should include all of this information. Be sure to look over any paperwork very carefully before signing, because you can never be too careful with insurance companies.
Robert co-founded Insurance4USA.com, an insurance quote shopping service, in 1999. He has been a licensed insurance agent in New York State since 1990.



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Arizona Group Health Insurance

If you are starting out a business in Arizona and intend to employ people, it makes sense to thoroughly study the laws governing Arizona group insurance. You need to understand state and federal laws as well as individual regulations of health insurance companies in order to provide the best care you can for your employees while also protecting yourself as the employer.There are some basic elements of Arizona group insurance. If you have a small business in Arizona (if you employ only two to fifty employees during one calendar year), you are not required to provide group health insurance to your employees. But sometimes you need to do this as an added incentive to your hard workers and potential recruits. If you decide to offer group insurance, you should keep two considerations in mind: health insurance eligibility requirements and premium payments.You should understand health insurance eligibility requirements. As the employer, you are in charge of establishing the eligibility of your employees for health insurance. Most insurance companies offer you guaranteed issue deals that let you and your employees skip medical underwriting. However, you still have the power to decide who among your employees are eligible for group insurance and who are not. Do you only give group health insurance to full-time employees, or do you include part-time workers? What constitutes full-time and part-time work? How long should an employee have been working for you before he or she qualifies for group insurance? Do you also cover his or her dependents; and if so, to what degree? You should also consider the premium payments. In Arizona, you will typically be required to shoulder at least 50% of your employees portions of the premiums this is the average percentage that insurance companies impose as an employer s minimum contribution towards his or her employees health insurance payments. You may opt to cover all of your employees premiums; if you do so, you will not be required to contribute anything to their dependents plans.Arizona Group Health Insurance provides detailed information on Arizona Health Insurance, Arizona Group Health Insurance, Arizona Health Insurance Quotes, Arizona State Health Insurance and more. Arizona Group Health Insurance is affiliated with California Health Insurance Plans.



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Pollution Liability Insurance

Pollution liability insurance is known as "pollution incidents" in the insurance world. There is a thought to suggest that this insurance policy came into picture following the great amount of asbestos litigation in the 1970s. It was around that time that insurers thought it better to do away with pollution liability insurance in general policies and instead offer it independently.Pollution liability insurance protects you in two ways: one is when the pollution takes place on your property; the other is when you suffer losses resulting from pollution on somebody else s property. In such cases, it is the insurer s responsibility to recover costs from the party that caused the incident. Conversely, your policy pays for damages you may cause to other properties. The most general use of pollution insurance is to protect lenders, buyers and sellers in property transactions. Conventionally, buyers do hire environmental consultants to assess sites. That may take a little over twenty days and cost up to $5,000. Concomitant to the delay, there is another major danger in this. Consultants opine on the current condition of the site and not what may happen in the future. Pollution liability insurance, on the other hand, guards the insured for the entire term of the policy, including for any later discovery of damage. The policies are largely renewable and can be in place for up to ten years. Also, these policies are a lot more cost effective than a site assessment.Pollution liability insurance is doubtless a useful and an economically viable way of managing environmental risks. It can be particularly beneficial to those companies that deal with materials that may be considered as pollutants once released into the environment.General Liability Insurance provides detailed information on Liability Insurance, General Liability Insurance, Professional Liability Insurance, Pollution Liability Insurance and more. General Liability Insurance is affiliated with Short Term Disability Insurance.



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