Consider these questions with the help of your agent:
1. How high should my liability coverage limits be?
No one can predict exactly how much you would have to pay if you were to cause an accident. Ask yourself how you would pay for any damages exceeding your coverage limits. The higher your limits are, the more likely your policy will be able to pay all of the damages.
2. How high or low should my collision and comprehensive deductibles be?
Higher deductibles lower your premium, but increase the amount you must pay out of your own pocket if a loss occurs. Ask yourself how much you are willing to pay on short notice in order to save on premium.
3. Should I carry collision and comprehensive coverage?
You may be required to carry collision or comprehensive coverage if your vehicle is leased or financed. As your car’s value decreases, you might consider dropping these coverages and pocketing the savings on premiums. Consider, though, if the savings are enough to offset the risk of footing the entire cost of repairing or replacing the vehicle.
Ready to get started?
Sabtu, 04 September 2010
Rabu, 14 April 2010
Making a demand or waiting for a car insurance offer
Whether you begin the claims process with a demand letter, or wait for an offer from the insurance company depends on your situation. People often have no idea what their claim is worth unless they consult with an attorney. However, if it’s a small case with minor injuries, low medical bills, no extenuating circumstances, you may not want an attorney to share in your small settlement. If you’re determined to handle it yourself, it’s probably better to allow the adjuster to evaluate it and make you an offer. Although the offer may be low, it will likely be on the low side of a reasonable range. You can always make a counter-demand for a higher figure. Provide the adjuster with all of the information she has requested, along with any other documentation that might affect the value of the claim, so she can make an offer based on your best evidence.
If, however, you have a general idea what your claim is worth, it would be prudent to draft a demand letter including all the relevant information and documentation (medical bills and reports, proof of lost wages, receipts for other expenses, etc.) and close with a demand for settlement and a time limit within which to respond.
A word of caution if you are handling your own claim: The general public is not trained to evaluate accident claims. Adjusters have the education and training required, but their job also includes saving money for the insurance company and settling claims as quickly and as cheaply as possible. If you are handling the claim yourself, and time is not an issue, go slowly and negotiate wisely. Don’t jump at the first offer, and come down very gradually, allowing the adjuster to come up. CAUTION: If time is of the essence for you, i.e. if you are running up against the statute of limitations for settling or filing a lawsuit, and it doesn’t settle for what you believe to be a reasonable amount right away, you will need to contact an attorney immediately to protect your rights.
If, however, you have a general idea what your claim is worth, it would be prudent to draft a demand letter including all the relevant information and documentation (medical bills and reports, proof of lost wages, receipts for other expenses, etc.) and close with a demand for settlement and a time limit within which to respond.
A word of caution if you are handling your own claim: The general public is not trained to evaluate accident claims. Adjusters have the education and training required, but their job also includes saving money for the insurance company and settling claims as quickly and as cheaply as possible. If you are handling the claim yourself, and time is not an issue, go slowly and negotiate wisely. Don’t jump at the first offer, and come down very gradually, allowing the adjuster to come up. CAUTION: If time is of the essence for you, i.e. if you are running up against the statute of limitations for settling or filing a lawsuit, and it doesn’t settle for what you believe to be a reasonable amount right away, you will need to contact an attorney immediately to protect your rights.
Minggu, 11 April 2010
Personal Umbrella Insurance: Protection When You Need It
Personal Umbrella Insurance
Did you know that if you’re faced with a serious liability claim, your home and auto insurance liability coverage may not be enough? The Hartford’s umbrella policy provides the extra liability coverage you need to ensure that you and your valuable assets are protected.
Umbrella Insurance
Understanding Personal Umbrella Insurance
Personal umbrella insurance provides additional liability insurance coverage after the limits of your underlying liability policy are reached. For example, if several people were injured as a result of an auto accident and you are found to be at fault, the cost of their medical treatment could exceed your liability limit. But if you had personal umbrella insurance, those additional costs would be covered.
Personal umbrella insurance policies can vary depending on your situation and your individual needs. Call an insurance specialist at 1-888-808-5254 to learn if personal umbrella insurance is right for you.
Did you know that if you’re faced with a serious liability claim, your home and auto insurance liability coverage may not be enough? The Hartford’s umbrella policy provides the extra liability coverage you need to ensure that you and your valuable assets are protected.
Umbrella Insurance
Understanding Personal Umbrella Insurance
Personal umbrella insurance provides additional liability insurance coverage after the limits of your underlying liability policy are reached. For example, if several people were injured as a result of an auto accident and you are found to be at fault, the cost of their medical treatment could exceed your liability limit. But if you had personal umbrella insurance, those additional costs would be covered.
Personal umbrella insurance policies can vary depending on your situation and your individual needs. Call an insurance specialist at 1-888-808-5254 to learn if personal umbrella insurance is right for you.
Langganan:
Postingan (Atom)
