To understand the depths of insurance coverage in details, let us have a look into the specific of insurance policy. There are normally three portions of the liability section of the policy. The first one deals with the highest insurance the company has to pay, in case the policy holder meets an injury while driving. The second point deals with the medical expenses that the insurance company will bear on the basis of traveling persons per accident. The last point of the coverage deals with the paying off of total property loss that is resulted because of the accident. Most policy companies turn these clauses in their favor so they have to pay less in case of an accident.

The insurance policy holder needs to look into these clauses deeply and ask questions before signing on it. Remember, the auto policy sellers keep themselves always covered legally so one should always maintain documentation and keep records on the transactions done. The insurance declaration page is the most important in the whole insurance document and should be read very carefully. The policy buyer should check if all his/her requirements are met in the liabilities section.

Everyone loves to spend less but in case of policies, this love can be hazardous. Make sure you compare insurance companies otherwise the policy may not cover anything and this can yield into a financial disaster. Always remember the rule of the thumb in this case, the greater the coverage, the more secure financial assets would be.

The “comprehensive collision” part of the full insurance coverage plan is also very confusing. The insurance company by law is only obliged to pay the value of cash and not that of loan. As for new cars if they are engaged in an accident, the owner only gets the cash amount that he/she has paid for the car. The owner should also read the rules and regulations section of the insurance coverage policy so they are well aware of the responsibilities.

Liability coverage

In the event of a car accident, if you are at fault, liability insurance will pay for fixing any damages to property and also bills. This may include car damages and medical bills for the other party. Liability insurance is typically required in every state in United States. The liability coverage is typically written as three numbers like 25/50/25. If you carry such an insurance policy, this means that you have maximum coverage in the amount of $25,000 for bodily injury damage per person, maximum insurance of $50,000 for bodily injury damage per accident and coverage of $25,000 for property damage per accident.

We have more information on the topic here:

http://mycar-insurance.net/blog/liability-only-ask-your-insurance-company-if-it%E2%80%99s-right-for-you/

Collision insurance

Collision insurance is part of the auto policy you need to repair your automobile. This is assuming you were at fault. If it happens to be the other party, then their Car insurance company will cover the damages. If you have an older vehicle, it does not have makes sense to have collision insurance. Collision car insurance typically carries a deductible. A deductible generally ranges from $250 to $1000. So if you have a deductible of $500 and damages to your automobile is let’s say $2500. This translates into this amount of collision car coverage by your friends at Geico.
$2500 – $500 = $1000

Comprehensive coverage

While collision protection covers repairs to your automobile, if it will not tackle issues like hail damage, stolen automobile, deer in the headlights, cracks on your windshield, etc. This is where comprehensive coverage comes into play. A comprehensive insurance also has a deductible which typically $500 still applies in this scenario just like the collision coverage.

Uninsured motorist protection

The state law states that everyone should have some form auto liability protection, although in the real world that is not always the case. Having uninsured auto protection can be a lifesaver because it will cover you even if the responsible party is unable or unwilling to pay for your damages.

Addition options for Car insurance coverage

Other optional coverage that you can think about include the following:

1. Towing service: if your car breaks down, this car coverage pays for the cost of towing your vehicle to a garage.
2. Auto glass insurance: This insurance coverage is useful for any repair and damage to the windshield or any of the windows.
3. Roadside assistance: This option for the car coverage is useful if you are stuck on the road. It could be a dead battery or a flat tire so this auto policy option can come in handy in those situations.

A growing deer population combined with the encroachment of urban residences into the animal’s natural habitat is to blame for the rise in accidents. In fact, according to the Insurance Information Institute each year collisions involving deer and vehicles total more than 1.6 million. Over the past five years motorists throughout the United States have driven less miles by 2%, however, the total of collisions involving deer has risen 20%. So, if you’re included in the statistics, will your car insurance policy cover the damage?

Repairing the damage to your vehicle usually isn’t cheap. An individual average car insurance claim to repair damages is $3,100, with annual damages totaling $3.6 million. Not only do the accidents result in vehicle property damage, but are also responsible for 200 deaths and thousands of injuries.

Which Car Insurance Policies Won’t Cover Vehicle-Deer Collisions

Unless you specifically ask your car insurance agent which policies cover deer-vehicle collisions or read your current policy with a magnifying glass, then you may erroneously assume that you’re covered. However, not all auto insurance policies are the same.

As attractive as the monthly premiums appear for liability car insurance, it’s important to know exactly what coverage you have before an accident occurs. If you only carry a liability-only policy, then expect to pay any vehicle property damages out of your own pocket. In addition to being responsible le for covering your vehicle cost, there’s also a chance you’ll be responsible for paying for any medical expenses related to the mishap.

A common misnomer is that a collision car insurance policy will cover vehicle-deer collisions; however, if you read your policy carefully you’ll discover insurance companies don’t define such mishaps as a collision. If you swap dents with another vehicle or back over your neighbor’s mailbox collision coverage pays for damages. Unfortunately, however, if you collide with a deer, a collision policy isn’t very helpful in covering repairing damages to your vehicle.

Collision Car Insurance: The Safest Bet

To ensure that you’re safely covered for damages occurred in the event of a collision with a deer, you should consider opting for comprehensive car insurance coverage. It’s also known as “Other Than Collision.” While the collision portion of the policy won’t pay for damages, comprehensive coverage protects drivers from numerous “other than collision” scenarios.
If you have questions about your current car insurance coverage, and if you’re protected in the event of a deer or any other wildlife colliding into your vehicle, contact your insurance agent.

Car Insurance References:

http://www.thetruthaboutinsurance.com/deer-vehicle-collisions-total-more-than-1-6-million-per-year/

http://www.thetruthaboutinsurance.com/deer-insurance/

http://compare-insurance-car.com

Upon purchasing auto insurance, your agent will provide you with an insurance ID card for each vehicle covered on your policy.  Generally agents provide a temporary card, and then mail a permanent ID along with your policy within a few days of buying insurance coverage.  Other insurers, however, don’t provide policyholders with instant temporary ID.  In such situations until you receive the proper documentation, keep your insurer’s name and contact information in the insured vehicle in case of an accident. Fortunately, some states are opting to rely on an electronic- database tracking system to verify current insurance coverage.

What’s listed on an ID Card?

Although various companies handle the distribution and the specific information that’s included on car insurance ID cards, the following are basic details that are printed on most ID cards:

•    Name of the car insurance company
•    Name of insurance agency in which coverage was purchased
•    Date insurance went into effect
•    Date insurance expires
•    Policy number
•    Named insured covered by the policy (it’s possible for additional drivers to also be listed)
•    Make, model, and year of the vehicle covered
•    VIN number of vehicle covered.

It’s important to keep in mind that your car insurance ID card may not list every driver included on the policy.  For example if you give your friend permission to drive your car to work, the friend would be covered; however, your car insurance policy is considered secondary to your friend’s coverage.

If you have additional questions about obtaining a car insurance ID card, contact your agent or insurer for more information.

Does your policy consist of minimum liability coverage required by your state?

The Compulsory Financial Responsibility Law of California requires every owner of a motor vehicle must be financially responsible for their actions. The minimum liability insurance you’re required to purchase are 15/30/5. That means, if you meet with an accident for which you were found to be legally liable, you’re required to pay $15,000 for injury of one person or $30,000 for all persons in an accident and $5,000 for any property damage. According to the insurance laws of this state, you must carry the statutory limits of minimum liability coverage else you may be charged sever penalties.

Are you carrying the proof of insurance?

As per the laws of your state, you must carry a proper proof of insurance while you’re driving. It’s because, any time a traffic police can ask you to show the poof of your auto insurance. However, your state laws also allow you to get your vehicle self insured. In order to do so, you must carry a letter authorized by the California departments of motor vehicles (DMV).

Are you ready to shoulder financial responsibility?

Other than purchasing the minimum liability insurance coverage, you’re also required to provide financial responsibility if you meet with an accident. This law has been implemented to remove all the uninsured vehicles from the roads of the state. You have to obtain a surety bond or a certificate of self insurance from DMV for $35000 so as to meet the legal requirements under this law.

Thus, while you’ll purchase the liability coverage, you must try to invest more amount. It’s because, if you meet with a major accident, then the benefits that you’ll receive after a claim may not be sufficient to cover your entire damages.

If you have ever been in an auto accident, then chances are you have a greater appreciation of your auto insurance and provider. Yes, auto insurance can be expensive, but so is the alternative. However, as the cost of living continues to rise, perhaps you are considering lowering the amount you spend on auto insurance coverage. While this is a plausible budget solution, be sure that you have made sure your auto insurance coverage includes the basic forms of protection. There are 7 types of auto insurance coverage that you should have. To help you determine if you have the insurance coverage you need, here is a basic description of each type.

Types of Auto Insurance Coverage

•    Property Damage Liability– This type of insurance coverage protects you if your vehicle causes damage to someone else’s property. Although this is most often their vehicle, it also covers structures, landscaping elements or other property.

•    Bodily Injury Liability – This policy covers other people’s death or bodily injury for which you are responsible. In addition, it can be used to provide legal defense if another party involved in the accident take you to court. Claims that pertain to bodily injury lawsuits include medical bills, loss of income and pain and suffering of the other involved party, not you personally. Liability insurance coverage is required in most states.

•    Collision Coverage – This type of insurance coverage is for vehicular damage caused when your automobile hits, or is hit by, another vehicle or object. It pays to repair your vehicle, less the amount of the deductible you choose. This form of auto insurance coverage is not necessarily required, except in cases where the vehicle is rented or leased.

•    Underinsured Motorist Bodily Injury – If the person who hits your vehicle has insufficient insurance coverage to provide for injuries, death or damages to your family and passengers, this insurance policy makes up the difference, up to a pre-set amount.

•    Comprehensive Insurance Coverage – This policy protects your vehicle(s) and occasionally those of someone else (scenario depending) in situations other than a collision. Examples of this are damage caused by flood, fire, animals or theft. While it is not required to have collision insurance, if you rent or lease a vehicle, most of these companies will require it.

•    Uninsured Motorist Bodily Injury – When you are not at fault for the accident, but the offender has insufficient auto insurance coverage this policy will cover members of your household and passengers for injuries, damages or death caused by the other driver’s negligence. This is also used in scenarios where the other driver has no insurance.

•    Uninsured Motorist Property Damage – This policy is applied in situations where the offender caused property damage and has none/minimal insurance coverage. It typically pays up to a specific amount (varies by state) based on the policy.

Having sufficient insurance coverage is simply part of being a good driver. Yes, it is an expense but it is not something that you can afford to skimp on. If you are shopping for new auto insurance, do your homework carefully so that you have all the auto insurance coverage you need.

Advantages of No Fault Auto Insurance

No fault auto insurance does have its advantages. In fact, there are several more pros than cons in no fault auto insurance over fault insurance. These no fault auto insurance advantages are:

1. With no fault auto insurance, you are guaranteed to receive money and that you will receive it more quickly since you deal with your own auto insurance provider.
2. No fault auto insurance means you have a lower medical expense deductible, so your medical bills are paid faster.
3. Your lost wages are covered. This amount varies from state to state for those with no fault auto insurance.
4. With no fault auto insurance, you do not need to prove who was at fault for the accident; nor can you be sued if you are the guilty party.
5. In most cases, there are no auto insurance claim forms to fill out –unless you need to seek additional money.
6. You do not need to hire a personal injury lawyer with no fault car insurance.
7. With no fault auto insurance, your property damage is not covered and you will not receive anything for it unless you file a claim. This can be  a tedious, time consuming and ultimately costly process.
8. No fault car insurance sets a specific amount of what will be spent on medical bills. If your costs exceed the amount set by your no fault auto insurance provider/state, then you may file a claim.
9. No fault auto insurance does not compensate for any pain and suffering due to the auto accident. Rather, you must file an injury threshold claim (big surprise-another tiresome claim form!) However, this is extremely subjective, with each state having its own standard of what is considered extreme pain.

Disadvantages of No Fault Car Insurance

Succinctly put, no fault car insurance may lack when it comes to providing you with what is needed, precisely when you need it most.

While no fault auto insurance does have its advantages, there are also reasons that it is not the ideal solution. So if you are considering a move to a state where no fault auto insurance is the norm, be sure to keep this information in mind as you consider your budgeting needs.