When searching for good walks insurance car, it is advantageous to know the facts. Do not rely to your neighbour or colleague of work for the insurance information. Here are the truths that each driver should know.
Car insurance living varies according to the State, but generally requires your insurance company automobile to pay medical expenses and lost wages for the injuries in a car accident, regardless of who is at fault.
"After an accident, insurance compensation can all parties get payment for immediate medical needs while their insurance companies are deciding between a company will pay for the accident," says Michael Petrarca, Assistant Amica Mutual Insurance Co., a Vice President of Lincoln, R.I.
If you has caused the wreck, this does not mean that you are off the hook. Insurance companies will decide who is responsible for, and that the party would be responsible for repairs and other damage, he said.
Auto insurance companies set rates based on the characteristics of a vehicle security and how much it costs to repair or replace the vehicle (among other factors on the pilot). But the color of the car is not factor in the premium, said Petrarca.
"Some makes and models generate more claims than others and they are noted accordingly, but the color of a vehicle means nothing," he said.
If you give someone permission to drive your car and this person hangs, it will not be your insurance - not the policy of your friend - which covers damages, says Rebecca Doran, senior corporate underwriter with Amica.
"For a personal auto policy, insurance generally will follow the car and not the driver." "So if I lend a vehicle to my brother, and he gets in an accident, it would pass through my insurance company," she said.
However, if your automobile insurance policy is saturated, political your friend can be exploited for the rest of damages, Doran says.
State regulations prohibit insurance companies abandon you in your political mandate, unless the insurer has valid reasons to do so, said Petrarca. These reasons can include non-payment or fraud.
However, if you pay your premiums on time and have valid driver's license, you have little to worry about, he said.
"While there are business reasons may cancel insurance policies, they may not necessarily be at any time," he says.
Car insurance companies look at the "history of loss" of your vehicle - i.e. how claims that they pay on this model - with what might cost to repair or replace your car, not its sales prices, determining how much to charge you for collision and comprehensive coverage.
In fact, some vehicles average price can have rising insurance premiums if they have a strong history loss and cost more to repair the most expensive.
"A $ 30,000 sports car potential claims more expensive than a SUV for $50,000, so that the sports car could cost more to insure", says Sal Orso, a Vice President Assistant of loss subscription for the customer group private British company Chartis insurance in New York
.
A ticket does not automatically mean an increase in rates, said Doran. Indeed, if the ticket was minor and you have a clean folder, otherwise, your premium may not increase, she said.
"It depends on the situation and the offences how many you have in the recent past." Ask your insurance company if you are uncertain, "says Doran."
In reality, many criminals is attracted to older vehicles, worthy of trust, popular, such as a Toyota Camry or Honda Accord, said Doran. Due to the popularity of these cars, there is a high demand for their parts. When thieves steal cars, they can strip parts and sell them, she said.
"However, if steal you $ 70 000 Mercedes, it would be as much of a demand for the parties,"Doran said. "
Personal property, such as a laptop computer or a cell phone, is not covered by a policy of automobile insurance, said Petrarca. These elements can be covered by home insurance, but a claim would be submitted to your deductible.
Whenever you buy a new car, your insurance company will issue a new policy, regardless of when you have paid for previous policy, said Dick Luedke, spokesman for State Farm Insurance in Bloomington, Ill.
If you are carrying supplies or otherwise performing business tasks in your vehicle, you must ensure your car for business use, said Luedke.
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