Choose Your Free Quotes
Know what the policy clause covers you for- Collision coverage: This covers damages to your car up to its book value (for example the Kelly Blue Book). Collision coverage carries a deductible sum, which is the amount per claim you would have to pay for the insurance compensation to take effect. The lower the deductible sum, the higher the premium costs will be. While it is usually optional, lending institutions or leasing companies traditionally require collision coverage to be included in the policy.
Know what the policy clause covers you for- Comprehensive (physical damage): This covers your car from theft, vandalism, fire, wind, flood, and other non-accident-related incidents. A comprehensive coverage also carries a deductible sum, usually variable.
Your car affects the cost of your premium- If you are driving a sports car you'll probably pay dearly. Obtaining insurance for a high-performance car can easily cost two, three or even four times the insurance amount for an ordinary day-to-day car.
Everyone has predetermined and style and structure about the car which they intend to purchase. Its safety futures, color, luxury factors and technical efficiencies are some of the factors which a person looks while selecting the car. But they never plan in advance their car insurance type and satisfies with the one provided by the company. This actually cost you a lot and provide inadequate coverage when something happen negatively. This is not the right way to get your car insurance. There are several companies providing car insurance quote.
In the second quarter of 2009, the average no-fault payment for the medical care of accident victims in the state of New York rose by 56 percent to $8,748 per claim. Compared with the last quarter of 2004, this is a substantial increase. At that time the average no-fault payment stood at $5,615 per claim. This is based on information collected by the Insurance Information Institute (I.I.I.).
Your claim on your car insurance has been denied. If, after reading the insurance company?s reasons and reviewing your car insurance policy, you still believe coverage has been wrongfully denied, there are some steps you may take to try to remedy the situation. You have certain rights under your policy and under state law. Your insurance company has a duty to fairly and promptly settle your claim in good faith.
Steps you can take if coverage has been wrongfully denied:
The car insurance company may decide your car is totaled. In insurance lingo, "totaled" means the car's market value, after the deductible, is less than the restoration costs. In other words, it would theoretically have cost less to buy the exact same car of the same age than to repair your car. The insurance will just pay you the value of the car rather than pay for repairs.
If your car was in exceptional condition prior to the accident, provide whatever documentation you can to support that fact. Otherwise, the totaled car will be valued as if it were only in average condition.