:::

Car Insurance Fraud Information

:::
 




:::

Car Insurance Fraud Articles

:::

Determining How Much Auto Insurance Coverage You Need

By Matt McWilliams

The Three Basic parts to an Auto insurance Policy

1: Other Party:

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.

Try this simple question: What if your car was involved in an auto accident tonight where heaven forbid, someone else was injured or killed? Remember, everything you own is in the back seat of the car with you and is at risk in a lawsuit! So, what do you think their family would sue you for? $15,000? $25,000? $100,000 or even maybe a Million dollars! Where would you get the money to pay them?

Perhaps the Equity in your Home would help? How about your Savings and/or Investments? You could even have up to 25% of your wages attached to pay the award in most states! Are you prepared to sacrifice everything you own to pay an award due to this accident? If not, read on for how to choose the auto insurance coverage you need.

2: You and Your Family:

Now let’s turn the above accident around. For some unfortunate reason, you or a loved one is the one who is injured or killed in an auto accident. Where would you get the money if the person who hit you did not have auto insurance or not enough auto insurance? Medical bills can be covered if you have health insurance. But health insurance doesn’t cover loss of life, pain & suffering or permanent disability.

Maybe you have a life insurance policy through your employer or your own individual life policy. Is the benefit amount sufficient to cover your family if your loved one is killed? But even if you have life insurance, what pays for the misery, the pain & suffering, maybe the fact you or a loved one can’t walk or use their arms again?

You might have a disability insurance policy through your work if you’re lucky or had good financial advice. But disability insurance doesn’t pay for loss of life, pain & suffering, permanent loss of your legs, arm or hand.

The only coverage that pays for these things is a part of an auto insurance policy known as Un/Under-insured motorist coverage. You can only buy as much coverage here as you have in Liability coverage. Your auto insurance agent should be able to help you determine the exact amount you need.

3: Your Car

Comprehensive and Collision Coverage are the third part of an auto insurance policy and are sometimes referred to as “Full coverage.” Basically the difference is this: If you run into the tree you are covered by Collision coverage. If the tree runs into you (hypothetically of course), then you are covered by comprehensive coverage. Comprehensive also covers broken windshields, fire, theft and vandalism. The higher deductible (risk) you take here, the lower the premium. Use the savings here to purchase higher limits in the coverages that protect your assets and your family.

The bottom line to determining proper auto insurance coverage is, of course, the money available in your household budget. An excellent place to start in determining the proper auto insurance coverage for your family is to meet with your local auto insurance agent.

Most cut-rate companies concern themselves with one thing only: Price. Tell them what coverage you have and they’ll see if they can give you the same coverage for less. You become the insurance professional. If this is the only need you have then that is ok. If not, you need to seek the advice of a professional to help you determine the proper amount of coverage you need and how best to accomplish it.

Review these tips for auto insurance coverage to make sure you have enough to protect your family.

Free Quote Car Insurance Fraud - Turn 21 Today!


:::

Car Insurance Fraud Featured Resources

:::


SEARCH RESULTS

Annuities: The Shocking Secrets Revealed
Discover The Shocking Secrets That Banks And Insurance Companies Don't Want You To Know.

Insurance Leads Generation
Generate Quality New Leads At A Fraction Of The Cost Of Offline Marketing.

Car Auction
From The Gov-Records.com Team!

State Car Auctions
Local Seized Cars and Real Estate Auction Listings


:::

Car Insurance Fraud News

:::


Slammer Slams, Swoop and Stop - Driver Awareness When it Comes to Auto Accidents and Fraud, is of Key Importance, Says ...
All too often, dishonest people will use schemes against unsuspecting drivers; Darras offers tips to spot a con and prevent being a potential victim. (PRWeb September 10, 2014) Read the full story at http://www.prweb.com/releases/2014/09/prweb12156756.htm

North Platte Man Charged with Insurance Fraud
A North Platte man has been charged with insurance fraud after the discovery of his car in a Lincoln County canal.

Feds hope wiseguy-wannabe Ronald Galati is ready to turn
Andrew Tuono's new girlfriend came with a warning. Dating Tiffany Galati, daughter of an auto mechanic with long-held ties to the Philadelphia mob, would one day get him killed, friends advised.

Why you should care about insurance scams
Insurance fraud is at an all-time high. The Association of British Insurers (ABI) says it cost the industry £1.3 billion last year, or £3.5 million a day. Some 2,279 cases were detected every week ? that ...

Car insurance: where every pound ends up
Here's where all your car insurance premium goes - down to the average £26 spent by whiplash fraudsters on holidays

Fake Henrico doctor busted for filing fake accident claims
Insurance fraud is the second most costly crime in Virginia, even if it isn't one you usually see happening.

Man Crashes $1M Car on Cam, Accused of Insurance Fraud
The U.S. attorney in Lufkin, Texas, said Tuesday that Andy House, 39, had pled guilty to one count of wire mail fraud in a federal criminal case filed two weeks ago. House's sentencing has not been set, but the maximum penalty under law is 20 years in prison. ...

Your insurance claim denied?
When insurance works like it's supposed to, it can be a little like the movie where the sheriff rides into town and rescues you from the bad guys.

James Bond's car from Goldfinger still missing after disappearing from Boca Raton
Was it an inside job? Insurance fraud? A random burglary? In 1997, the Aston Martin DB5 in "Goldfinger" disappeared from the Boca Raton Airport.

The postcodes with the cheapest car insurance
Car insurance premiums are falling, but not everywhere's benefitting.


:::

Car Insurance Fraud Blogs

:::



Google


 

Best Sellers from



GatorDocs

Lighting 2 Light Bulbs



Want to Link to Us?

Link to CarInsuranceHunter.com