Auto Insurance
Save yourself some grief: Buy gap coverage
By Insurance Agent at 3 November, 2008, 2:39 pm
The dramatic plummet of your new car’s value as soon as you drive it off the dealer’s lot can put surprising and undue strain on your wallet if your car is totaled.
If you’re entitled to a payout for a totaled car, your insurance company pays you the actual cash value of the vehicle. And the [...]
Who gets the car insurance claim-payment check?
By Insurance Agent at 3 November, 2008, 2:37 pm
“Show me the money” is what you might say when an insurer pays to repair your car after an accident. After all, the insurer owes you the cash. However, the company may write you a check and tell you to “share the money.” Who receives the claim-payment check often depends on who caused the accident.
First-party [...]
What your auto insurer knows about you
By Insurance Agent at 3 November, 2008, 2:10 pm
When you apply for an insurance policy or submit a claim, you’re probably unaware of the streams of information about you that flow between your insurance company and private businesses. Mark Twain once wrote that insurance companies are a “power behind the throne that [is] greater than the throne itself,” but that was more than [...]
Read More >>Allstate considers discounts for brainy drivers
By Insurance Agent at 3 November, 2008, 1:56 pm
Allstate would really like its customers to increase their mental sharpness. To that end, the nation’s largest publicly held personal lines insurer is thinking about offering discounts on car insurance to those who pledge to “exercise their brain.”
The insurance company invited roughly 100,000 customers, age 50 and older, to participate in a pilot study that [...]
How your car drives your insurance premium
By Insurance Agent at 3 November, 2008, 1:50 pm
You’d need a supercomputer to process all the variables that affect your premium. To name a few, these include your driving record, claims history, credit history, age, gender, type of car insurance you purchase, where you live and the type of car you drive. While the whole picture is greater than the sum of its [...]
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