Posted February 18th, 2012
by Jackson Yarnold
All insurance policies turn to state auto insurance laws for terms of minimum liability coverage. Almost all states are a little different, requiring certain amounts for bodily injury and property damage liability. This is so that they can stay current with statistics to protect their interests. Because of teen drivers, many states will also increase the liability coverage to protect their interests even further.
Teen drivers are notoriously high risk drivers because they are new to the rules of the road and the entire driving experience.
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Tags: Auto Insurance, Coverage, Liability Coverage, State Auto Insurance Posted in Car Insurance Online
Posted February 12th, 2012
by Jackson Yarnold
If you own a car, it is required by law to have coverage for the motor. Car insurance is unavoidable not only because of the rule levied by government but also due to its several other benefits. You need to have coverage to save yourself from financial crisis in case you get involved in a major accident. It will pay off for the expenses of car repairing, third party claim and the hospital expenses if any. So now you know why it is so popular.
Buying car insurance is not as simple as buying groceries. You need to plan and research because this is going to be a recurring expense that you will have to pay year after year.
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Tags: Car Insurance, Insurance Posted in Car Insurance Online
Posted January 16th, 2012
by Jackson Yarnold
Most states operate under traditional tort state auto insurance law. In tort systems, individuals can go to court to receive damages when they’re injured or when their property is damaged by a driver. The logic behind this type of system is that the at-fault party should have to pay, but tort systems have some serious problems, not the least of which is the high cost of litigation. Some states like Florida have adopted no fault state auto insurance law.
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Tags: Auto Insurance, Insurance, State Auto, State Auto Insurance Posted in Car Insurance Online
Posted January 8th, 2012
by Jackson Yarnold
I came across various incidents while working for compare.com life insurance. I am inspired to write this post by a case that I just came across. It was about how a family was ruined after the head of the family died in an accident. He bought an insurance policy 15 years ago when he was a bachelor and assigned his roommate as a nominee. Later he forgot to update the nominee ship. And the insurance company gave the entire sum assured to the so called roommate.
- Most of us have our life insurance premium paid directly from our bank account via EFT. But we forget to update this info when we change our account from one bank to another or discontinue this account.
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Tags: Insurance, Life Insurance Posted in Car Insurance Online
Posted December 8th, 2011
by Jackson Yarnold
The economic downturn has seen rising prices throughout the economy, but nowhere is this more evident than in the cost of car insurance. Rates have risen more in some states than others; however, Florida car insurance rates have seen some of the steepest and most rapid increases in the country. When purchasing insurance or renewing a policy, it’s good to be aware of some factors insurance companies use to set car insurance rates.
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Tags: Car Insurance, Rates Posted in Car Insurance Online