At first glance, figuring out what expenses each type of insurance covers may seem intuitive. However, there are often situations in which one or more types of insurance may be combined or applicable in a way you otherwise wouldn’t have considered. Insurance stacking is another legal strategy in which you may be able to make use of multiple insurance policies to help pay for your damages.
However, insurance stacking can be tricky without the...
While not every state requires vehicle owners to purchase insurance, every state does require them to prove some type of financial responsibility. While bonds or other means of financial approval may be possible, most drivers choose to purchase insurance, at least at the minimum amount required by the state. Auto insurance can protect you in a variety of ways, some of which may be surprising. However, other things you might expect to be covered...
Not all car insurance is “full coverage” insurance. However, even “full coverage” insurance does not cover drivers in the event of any circumstance. Beware of insurance providers who offer a “full coverage” insurance policy as there is no such thing as a policy that covers your vehicle in any given situation.
Instead, it is important to assess your current insurance policy and decide what protections are or are not important to you....
Car insurance is a requirement in most places, so it’s a good idea to know what to look for in a car insurance policy. There are many different providers that claim to offer the best or most affordable car insurance, but how do you know which one is the best for you? Different cars in different locations may be eligible for different prices of coverage. For example, older cars will often cost less to insure than a brand new one. Additionally,...
Understanding the Different Types of Car Insurance Coverage
Although millions of Americans purchase auto insurance each year, considering the different types of car insurance coverage can be overwhelming. The policy language is notoriously obtuse. It is also difficult to know what kind of coverage would benefit a driver’s particular situation. The following are a few of the most common types of car insurance coverage options. While this list is...