Insurance Blog

Article by Melanie Broemsen

When it comes to auto insurance, it pays to be knowledgeable. Understanding how auto insurance works can save you time, money and hassle. From coverage options to deductibles, discounts and premiums, there’s plenty to learn. There’s also an abundance of auto insurance myths circulating. Test your auto insurance knowledge below by quizzing yourself on the top 10 auto insurance myths.

Auto Insurance Myth #1: My auto insurance will vary depending on the color of my car.

FALSE. Although some people believe that a red car attracts more attention, and therefore may lead to more traffic tickets, the color of your car has nothing to do with determining your auto insurance premium. Instead, your credit rating is the most important factor used to determine your auto insurance rates, followed by your automobile’s year, make, model, body type, engine size, age and driving record.

Auto Insurance Myth #2: I’m a male under 25. I’m in the highest insurance rate bracket!

FALSE. While it’s true that males under the age of 25 may pay more for auto insurance than their female counterparts, it’s important to remember that overall, teenagers and senior citizens generally pay higher rates because they are at an increased risk of accidents.

Auto Insurance Myth #3: Sometimes I use my car for business purposes. If I’m in an accident, my personal auto insurance will still cover me.

Article by G. M. White

For the first time in 22 years Texans will now need to evaluate their auto insurance policies to be sure their limits of liability will meet or exceed the state required minimum auto liability insurance requirements.

Texas liability insurance requirements have just been changed. Effective today, April 1, 2008, the minimum amount of automobile liability insurance for Texas drivers will increase from the current ,000/,000/,000 (20/40/15) coverage to a new 25/50/25 coverage requirement.

The state of Texas will be checking on policyholders with a new Texas Financial Responsibility Verification Program this spring that allows police officers and highway patrol to immediately verify whether a driver has car insurance.

There is no getting around the new Texas liability insurance requirements, and every city and county will be affected by this rate increase.

The new Texas liability insurance requirements are: ,000 per person minimum for bodily injury liability damages with a 50,000 minimum per occurrence for bodily injury. The required property damage minimum has now been increased to 25,000.

What does this mean in layman’s terms?

1. 25,000 per person means, your carrier may pay up to 25,000 for each individual you cause bodily injury to by way of and automobile accident.

2. 50,000 per occurrence, refers to more than one person suffering bodily injury due to you being negligent or liable in this single automobile accident.

Article by Insurance Agent

Automobile coverage is a must for every vehicle owner. This is not just because most states require it but it can be very beneficial financially. These types of policies pay the bills in case the vehicle is damaged, stolen or been in an accident. However, not all people are satisfied with the prices that companies charge. Hence it becomes important for the customers to save as much as they can by choosing a policy that is cheaper but yet maintains reliability.

Searching of policies should be done by new customers as well as by those who need to renew their policies. There is a wide range of options to choose from when it comes to quotes. Every company promises cheap insurance but it is up to the consumer which company he chooses. It is almost definite that different premiums are being charged for same type of coverage by different companies. Go for a cheap but more coverage insurance if you can. Visiting the companies would not be just enough. You need to look in the websites and research a lot before you decide anything.

According to a recent auto insurance reviewthe most convenient way to save is by utilizing the internet to help locate affordable coverage. There are websites that can provide rates from multiple rates from various competitors. The information needed is name, address, sex, year, make and model of the vehicle, etc. Personal information such as driver’s license numbers and social security numbers are not necessary for obtaining pricing. Also if there are some safety features in your vehicle, then don’t forget to mention them. These features contribute a lot while saving money for you.

Article by Mr. Insurance

If you are looking for Southern California Auto Insurancethen you know it can be a tough buying decision. There are so many different providers to select from and it appears like almost every street corner you pass there is an insurance office. I know that being confused about insurance may be intimidating for most people, but the key point to remember is to locate an agent you can trust and that will work for you.

The cost of insurance will be different at each company, but the price the brokers have to sell it for will always be the same. Now this is a little confusing, but basically if you were to get quotes from several different insurance companies through your broker the prices would all be different. If you were to go to a different broker and he quoted all those same companies then the prices would be the same as the first broker. You must understand that each agent is mandated by law to sell insurance at the same rate. So my number one suggestion is to find a good insurance agent or broker because they will be able to give you advice on finding the best deal in So Cal.

Article by Radley

What is Professional Liability Insurance and Do You Need It?

Professional Liability insurance, also known as Professional Indemnity Insurance, is insurance designed to protect professionals against legal liabilities to third parties which may arise for injury, loss or damage as a result of or following upon negligent acts, errors or omissions committed by the professional in the course of his/her professional duties.

The most obvious and well-known areas where Professional Indemnity Insurance is required is the medical profession, but there are other professions for which professional liability insurance would be a good idea, such as for example translating. A mistake by a translator in a legal or technical document could have disastrous consequences and as a result freelance translators often prefer to take out insurance to cover themselves against such eventualities.

PI should cover breach of duty, civil liability, contractual liability not caused by negligence, negligent act error or omission.

Professional indemnity insurance has the following main features:-Professional indemnity insurance should cover the firm, not the interests of their client or third partiesAny policy will only pay if and when the liability of the person insured has been establishedThe policy normally runs for one yearInsurance premiums represent a significant element in a company’s running costsThe policy must cover any costs relating to legal defence if a claim is filedProfessional indemnity insurance is agreed on a “claims made” basis, by which is meant, cover relates to claims (actual or potential) against the company notified during the period of insurance, regardless of when the negligent act or omission occurred.

Article by Insurance Expert

Direct General Insurance Payments

Using online quotes can be a great way to find affordable car insurance; however, there are a couple things that you should be aware of. You should never go with the lowest quotes, even if it looks good to you. You should always compare several quotes in terms of price, liability, and maximum coverage. Because using online quotes so fast, there is no reason why you shouldn’t look at several quotes at one time.

The important aspects of reviewing insurance quotes include towing options, car rentals, coverage premiums, terms of coverage, and insurance premium costs. If the premiums look good to you, be sure you dig through policy to make sure that there are no hidden clauses that leave you liable. Sometimes insurance companies will quote low, but the actual policy is higher than the original quote. So, you should use caution when analyzing the price from insurance quotes online. Check Internet #1 Direct General Insurance Payments right now!

In the 1990s, Direct General Auto Insurance was founded in Nashville, Tennessee. They had over 500 neighborhood sales offices across the southeastern parts of the US. Customers of General Auto Insurance work directly with the insurance company to help simplify the insurance process. As an alternative, direct General offers free quotes online and an affordable payment plan.