5 Reasons for Getting Commercial Auto Insurance

February 14, 2018 · Posted in General Articles on Car Insurance · Comment 
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The commercial auto insurance provides security of auto own by you for the business purpose. The commercial auto insurance gives bodily injury as well as liability coverage. The vehicles are used for the commercial purposes are trucks, car, buses, van and trailers.

Different types of commercial auto insurance coverages are available for vehicles such as:

Business coverage:

The business insurance is provided for the personal travelers and commercial vehicles who are involved in any businesses. It is clear that the cargo companies, auto dealers and auto service companies are not allowed.

Primary/ personal coverage:

The commercial auto insurance provides primary coverage, which gives legal responsibility, cost of protection etc. The commercial auto insurance covers bodily injury. It gives protection from injury, however it is different from the personal auto policy.

Comprehensive/Collision coverage:

Comprehensive and collision coverage are available which covers defined threats due to there be some reason responsible for losses. The collision coverage it covers repairs, restore or compensate the totaled auto.

Garage Coverage:

The auto dealers are not covered under the business coverage but they are covered under the Garage Coverage. The garage coverage includes liability coverage, insurance for garage keepers and bodily injury.

Trucker’s Coverage:

The Motor Carrier Act need truck owners to confirm to convene financial requirement because truck owner’s will responsible for any losses during the move. Looking to this the insurance company provides trucker’s coverage to the truck business owners. Under the trucker’s coverage the basic liability coverage, bodily injury and trailer replacement insurance are covered.

The auto insurance either it is personal or business purposes are essential now a day due to security reasons. Looking to this fact the most state transport agencies and federal agency are also made come insurance coverage compulsory. It will reduce the liability and give proper security to the auto owners.

By: Christy Myers

About the Author:

Christy Myers is a writer for Commercial Auto Insurance Quotes , the premier website to find commercial auto insurance, commercial auto insurance quotes, cheap commercial auto insurance, commercial auto insurance company, commercial auto insurance quote and many more.

How Much Automobile Insurance Coverage Is Enough?

January 30, 2018 · Posted in General Articles on Car Insurance · Comment 

Car insurance is a Canadian driving requirement, although minimum coverage specifications vary by province. These requirements don’t suggest fitting coverage amounts for shoppers. Everyone’s insurance needs are unique to their own situation. Mandatory minimums don’t address real-life requirements, rather they encourage minimalist protection. This establishes an environment where the probability of financial loss is heightened for every driver.

What variety of insurance coverage should you have? How much is enough? Read on and we’ll take a closer look. Discover the integral issues that effect liability. The medical benefits, the effects of uninsured autos, and the other pieces that comprise a vanilla automobile insurance policy. Although I can’t personally advocate the right amount of coverage for you, I plan to give you a better understanding of what to be aware of. You’ll learn key items to be aware of in preventing yourself from unnecessary financial losses.

3rd Party Liability Third party liability coverage is in included in every Canadian car insurance policy. This is your financial protection should your actions be deemed accountable for damaging someone else or their property. You are covered up to your maximum should a lawsuit find you financially responsible for your actions. Most provinces require a minimum of two-hundred thousand dollars worth of third party liability coverage, but mileage may vary.

Statutory Accident Benefits Any expenses from injuries you sustain from a traffic accident fall under this portion of your insurance policy. This is regardless who is found to be at fault for the accident. The cause of the accident is irrelevant, and this benefit covers things like rehabilitation and medical expenses. It also covers reimbursement for wage losses, and caregiver expenses. Minimum requirements vary by province. In Ontario the minimum requirement is $100,000 outside of “catastrophic” injuries.

Coverage from Uninsured Vehicles Although every Province and Territory has compulsory auto insurance; many motorists on the road don’t have insurance coverage. In order to safeguard drivers, insurers have added an ‘uninsured’ feature to their policies. This provision provides benefits to you and your family should someone without insurance get in an altercation with you involving damages. These benefits are also used if you’re involved in a hit and run accident, and the offending driver successfully gets away.

DCPD (Direct Compensation Property Damage) Direct Compensation Property Damage is the coverage used to repair your vehicle in the event you are involved in an accident in which you are held not found responsible for some of the ‘fault’. Your collision insurance coverage covers your fault, and DCPD covers someone else’s fault.

Identifying The Amount Of Coverage To Get Thus far, we’ve discussed the basic components of a car insurance policy as mandated in most provinces (with the exception of Direct Compensation – Property Damage coverage). This discussion evaded the larger context of need. Millions of people are exposed to a financial loss because they are buying the minimum amount required by their province’s law. One court finding could potentially devastate these people financially.

Suppose you live in P.E.I. and decide to invest in the $200,000 minimum third-party liability requirement. As the result of unforeseen circumstances, you are found ‘at fault’ for an altercation that results in the paralysis of another driver. Suppose you are found accountable for $2,000,000 in damages. Your insurer is responsible for the first $200,000, so therefore you are left with a $1.8 Million dollar tab. This sequence of events would financially devastate the average consumer with the minimum required liability coverage.

In getting the minimum coverage requirement, millions of Canadian drivers are opening themselves up to some huge financial risks. We get into car accidents every day, and the cost of the average accident goes up every year with inflation. We need to be vigilant that we have necessary third party liability, accident compensation, and uninsured vehicle benefits. Otherwise we open ourselves up to unnecessary risk, and potentially disastrous repercussions.

The paradox is that most Canadians don’t bother to shop for lower auto insurance rates on a regular basis. Many Canadian drivers would find that some insurance brokers can provide better coverage (i.e. higher limits) for the same rates they are currently paying.

When you have a chance, consider your minimum car insurance coverage alongside what you presently pay. Have a look into what it would cost to raise your compensation to a level less risky. Online comparison engines can make quick work of this, and you can often get real-time updates as you tweak your coverage. Have a look at how much coverage you have right now, and think about what would be a comfortable risk level. Look into the cost difference as it’s usually a small adjustment in your premiums. Usually you can find better coverage for less than you’re paying. Take the time to review your auto insurance needs in light of your financial situation. Investigate how much it would cost to increase your coverage to an appropriate level. Then, compare auto insurance quotes online to find the most attractive package that accommodates your needs. You may be surprised by the deals you find online, and see who’s got the best package of cheap rates and high coverage.

Get car insurance quotes and compare the coverage of local brokers competing for your business. Find out who best represents your financial interests, and see whose rates shine through.

Understanding Auto Insurance

January 12, 2018 · Posted in General Articles on Car Insurance · Comment 
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You are required by law to carry auto insurance in the state where your vehicles are registered (it is required in almost all 50 states). Everyone has it, but hardly anyone understands the provisions or coverages outlined in their policy. Auto insurance is extremely important, because it not only covers you and your vehicles, but it also covers your liability associated with damages you cause to other persons or property.

There are several important coverages that you need to understand. The first coverage you will see listed is called bodily injury liability. This is the amount of liability coverage you have for injuries you cause to other people in an accident. It is sometimes listed as a split limit, in which case the first number is the amount of liability you have per person, and the second number is the maximum total amount of money your policy will pay for all injured persons. It is considered customary to maintain at least $100,000 of bodily injury liability per person, and $300,000 per accident.

Sometimes, bodily injury is grouped together with property damage liability (property damage is damage that you do to other vehicles or property in an accident) and listed as one number. This is known as a combined single limit. It is recommended to maintain $300,000 of combined single limit liability for your bodily injury and property damage.

The next coverage you will see listed is called uninsured/underinsured motorists liability. This number should be equal to the liability you have for bodily injury and property damage. This coverage is mandatory in most states. It covers you if you are involved in an accident and the other driver was at-fault, but that other driver either does not have insurance or their coverage is not adequate to compensate you for your damages. Uninsured/Underinsured motorist coverage kicks in to fill in the gaps.

After uninsured motorist coverage you should see something called personal injury protection (PIP). Some states required this coverage, some do not. In states that require it, it is best to maintain $250,000 of PIP coverage. Those states that do not require it may have different laws that mandate health insurance to cover any and all injuries associated with an auto accident. You should contact your agent if your policy is not clear on this; if PIP coverage is required in your state, make sure you have it.

Right underneath or in the vicinity of PIP you might see something called Additional PIP. Some states make this available while others do not. Additional PIP provides you with a certain level of income up to a certain maximum amount to help make up for lost wages if you are disabled as a result of an auto accident and unable to work. Additional PIP also includes a certain amount for funeral expenses that would be incurred by your family if you are killed in an accident. If you do not have Additional PIP coverage on your policy, call your agent immediately and find out if it is available.

The next items listed on your policy are comprehensive and collision coverage. Comprehensive covers you for damage done to your vehicle when caused by things such as fire, theft, a rock hitting the car, or hitting an animal on the road. Collision pays for damage to your vehicle when the cause is an accident involving a collision with another car or other object on or near the road. Comprehensive and collision coverage is normally subject to a deductible, which you should see listed on your policy.

The final two coverages listed on your auto policy are rental reimbursement and towing. Rental reimbursement pays you a certain amount per day to cover expenses associated with having to rent a car if your vehicle has become disabled following an accident. Towing coverage, as the name suggests, covers your towing expense when your car is towed following an accident.

I hope this has helped you to understand your auto insurance policy. Even though almost everyone who has a car has insurance, most people have no idea what it covers. Then when it comes time to file a claim, they find that their policy does not meet their needs sufficiently. Use the information that was presented here to help you make intelligent choices so you can be prepared if something happens.

By: Jim Pretin

About the Author:

Jim Pretin is the owner of http://www.forms4free.com, a service that helps programmers make email forms.

Car Insurance Estimate – Low Cost Car Insurance Tips

January 10, 2018 · Posted in General Articles on Car Insurance · Comment 

Low cost car insurance can easily be found using three key factors. These factors are the price, the policy and the reputation of the company. Low cost insurance is attainable when we make a few clever decisions. Having a lower car insurance estimate is a lifestyle decision we can all have. With a little guidance, you will be on your way to having a lower car insurance estimate.

High accident vehicles equal higher rates and low accident vehicles equal lower rates. If you enjoy driving the sport utility or high performance vehicle, chances are great that your car insurance is much higher than that of a person only drives a four door sedan. Based on the car you currently drive, ask yourself this question. “Do I drive a “luxury vehicle” or a “commuter vehicle?”

Consolidated policy discounts can offer a cheaper insurance quote. When you insure another vehicle, your home, life and health insurance on the same policy, you’ll receive a reduced monthly premium.

Safety classes and senior citizen discounts will be taken into consideration towards getting a low cost car insurance estimate.

Insurance claims submitted will determine lower or higher insurance estimates. Evaluate the value of your car and think about whether it would be wise to get your car fixed, and at the same time, live with an adjusted car insurance premium. The less claims that are filed, the lower your auto insurance will be.

Get low cost car insurance by comparison shopping for cheap car insurance on-line. Based on your insurance history, competing insurance companies will most likely give you a better car insurance estimate.

Figure out how much insurance coverage you think you really need. If you ride around in an older vehicle, you may want to consider dropping collision and comprehensive.

Increase your car insurance deductibles to ensure a lower car insurance estimate.

Low cost car insurance companies will present clients who have an excellent credit score a much lower car insurance estimate. The reason being is there is a greater chance that they will be paid on time. Most insurance companies will also offer cheap car insurance on-line.

Get a car insurance estimate online before you pick your insurance company. Comparison shop and find cheap car insurance on-line. Insurance companies are always looking to provide free insurance quotes to consumers looking to save on their insurance during these difficult economic times.

How To Find Best – Online Auto Insurance

December 26, 2017 · Posted in General Articles on Car Insurance · Comment 
auto insurance
The law mandates every individual to obtain auto insurance for his/her vehicle before using it. There are several insurance companies offering different types of insurance coverage. Of which the most common types of insurance coverage are complete insurance and liability insurance. Complete insurance, as the name implies, offers complete protection for a specified amount, at the time of any accident involving the insured. While liability insurance, the least coverage one can take, offers protection only to the other person if the insured is involved in an accident.

Nowadays, with the advent of internet, one can take auto insurance from the convenience of his/her home. Online auto insurance is offered by almost all the leading auto insurance providers. This helps the customers to take auto insurance policy easily and without much difficulty.

There are several reasons why most people search for online auto insurance policy. The main reason behind this is finding an online auto insurance policy is very easy. As all steps are done online – from application submitting to billing to policy approval – the time taken for all these will be too low. This helps you to save considerable amount of your time. Another advantage of online auto insurance is that you can save your money. That is before you stick on to any auto insurance provider you can compare several online auto insurance companies and ask them for quote. This helps you to compare the cost of various auto insurance companies and select a policy which offers complete coverage and is less costly. These days there are also several websites that offer online auto insurance quote comparison services. This helps you to compare the auto insurance quote of various insurance providers before selecting any particular insurer. This ensures that you can find an insurance provider who offers outstanding coverage with low costs.

However, before sticking into any auto insurance provider it is advisable to spent some time to verify the policy and all its terms carefully. Make sure that there is no hidden cost and be clear of all the terms and conditions.

It is always a good idea to find an insurance company that will insure not just your car, but multiple types of insurance. You can usually get a better deal by combining your house, auto, sport utility or all terrain vehicle, and/or house trailer in one insurance plan. It is not uncommon to get discounts as much as 30 percent by combining all your needs with one insurance plan, one company.

By: Doug Pare

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