Car Pooling – Part 2 Note: Please be sure to read “Car Pooling – Part 1″ You have already learned that many drivers use different ride-sharing arrangements. The typical automobile insurance policy covers these arrangements because the driving exposure is essentially the same. The common policy exclusion
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Children Who Do Not Live at Home Have Different Auto-Policy Coverage-2012 Your 21-year old daughter finally saved enough money to move out of her parents’ house and into her own apartment. When she moves, she takes “her” care with her. It is not really “her” car,
Read more →Has your car ever suffered from diminished value (DV)? DV refers to damage to an auto that reduces its market value and there are several different types of DV: Inherent DV: Describes a general conviction that a wrecked vehicle, which is then repaired, is less valuable than
Read more →Umbrella insurance only works properly when the primary (underlying) coverages are maintained. In fact, the obligation to make sure proper support remains in place is part of the umbrella insurance contract. It is found in the policy’s “Maintenance of Underlying Coverage” provision. The provision typically refers to
Read more →When the topic of exotic, ideal locations for vacations comes up; island paradises and tropical locales are always popular. The water, the beaches, the warm winds are very attractive conditions. However, they are also the originating locales for tropical storms and hurricanes. The dark side of the
Read more →Besides proving that you’re a responsible driver, having auto insurance also means that you’re complying with your state’s requirements for driving on its roadways. However, even if you have auto insurance, there are still instances, called exclusions, when your policy won’t provide coverage. Why should exclusions exist
Read more →The economy has made financing cars more difficult and lease arrangements are scarce, car loan and existing leases may last as long as four to six years. Whether your vehicle is a coupe, sedan, van, sports utility vehicle, or truck, your vehicle’s value will depreciate very quickly.
Read more →You may be frustrated with car insurance premiums and factors that cause increases, such as: Your insurance company’s overall loss experience (due to more claims) The increased value of newer model cars, particularly SUVs Increases in judgment amounts awarded in auto lawsuits Increased business processing and administrative
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