Q: so i got into my first accident on may 14 2016. i got t boned and the car that hit me is totaled and my truck just had a few dents. will my insurance go up because the officers said it was my fault for the accident
A: With knowing so few details, my first inclination is, yes. Major accident that you were found at fault for will almost certainly increase your insurance premium.
(This was a comment that was posted to a bad review for an insurance company. It was significant enough that we felt it deserved it’s own post.”
Comment: If you had good insurance, your insurance provider would pay you and then go after the other provider. You cant control the other guy but you can get a good policy. Sounds like your insurance is trying to play the blame game. Get a better provider.
Our Response: First, it depends on what you are expecting your insurance company to pay for you. If you have damages to your vehicle but you failed to purchase comprehensive and collision coverage, your insurance company is under no legal obligation to pay for those damages. You didn’t purchase their product, why would they have to pay out a claim for you?
If you did purchase collision coverage and were in an accident, then yes, your insurance company would pay out for the damages and then “subrogate” (go after) the other person’s insurance company to get their money back. However, you will still have to pay for your deductible. Not fair? Maybe not, but that’s what you agreed to when you signed your insurance contract.
Q: After my vehicle was totaled in a car accident out my insurance company mailed my tags (plates) to from my old car to replace on the new one. Is that proper policy?
A: If you are in a state where you keep your license plate with you for life and just change the vehicle information for what it is being attached to, like in Idaho, yes, this sounds right.
Q: My car was totaled in 2015. I assumed since the company was cashing my monthly payments, I thought I was being covered on my new car. I found out a few weeks ago that my new car was not covered since purchase. Am I due a refund for paying on a total loss car? I’ve since added it after trying to file a claim.
A: You need to talk to your agent or insurance company and figure out exactly what you were paying for. Tell them you want to see documentation of the coverages for that time period as well as the bills for the premium you were paying. Hopefully, you have an agent and you can sit down and talk to them about it to find where the problem happened.
If it turns out you told them to put your new vehicle on your policy and they didn’t you are owed the coverage. You may have to pay the back premium, but it will at least get your total loss covered. On the other hand it was your responsibility to know what you were paying for. If the new vehicle was added you would have received documentation on it that you should have read through. If you didn’t get documentation of the new vehicle coverages a follow up with your insurance company or agent should have been made.
Q: I out lived a 15 year term life insurance policy i am in conversion period.I was paying $56.96 a mo. They are saying if I want to continue with the policy my premium will be $11,740 a year. Does this sound right? $100,000 policy I am 75 ?
A: Thanks for your question, we actually only answer questions about car, home, auto and other property and casualty insurance here. However, I have to say from a math standpoint those numbers don’t add up. If you live another 10 years and just put that money in a savings account with your beneficiary’s name on it you will have $117, 400. Of course this is an unprofessional opinion and I have to advise you to seek professional financial advice before purchasing or making any investments for your life insurance.
Unless you work in the car insurance industry, the topic is probably a mystery to you. The words deductible, comprehensive, collision, liability, premium, loss of use and bodily injury are all gibberish when they reach your ears.
Unfortunately, insurance is something that you are required to have by law if you want to drive. Because of how confusing it is many people go around in almost an insurance daze while they get car insurance quotes from the auto insurance companies that they have heard of. In reality, they are completely lost as to what they are actually buying.
Instead of looking at what each insurance company offers in the terms of protection for both themselves and their car, they are instead looking for cheap car insurance. Finding the cheapest car insurance coverage makes having to buy the required product all that much less painful, but misses the whole point of having insurance.
Learning about insurance through your insurance agent or websites like Car Insurance Guidebook will give you the upper hand when you looking for car insurance. You can take your knowledge and not only find the best price for insurance, you can use it to find really great insurance to protect you and your assets. Then you aren’t stuck settling for just average car insurance that can hurt you financially if you ever need it because there isn’t enough protection.
For example, when looking for insurance the car insurance rates are just the first of many factors that need to be taken into account when you are shopping around for car insurance. You also need to take into account the type of vehicle that you are driving. Many people don’t know this.
Are you driving around a vehicle that is a new sedan and can be protected under any blanket insurance policy? Or do you have an old car that you fixed up that needs special protection and could be better covered under classic car insurance?
Don’t just assume that when you compare car insurance that it will be a one-size-fits-all policy. This is where the insurance knowledge will come in handy; you will know what you need to protect yourself and your vehicle.
You will understand what your insurance agent is talking about when they use insurance terms and you will actually be able to make an informed decision. This is much better for you instead of the “nod and smile” approach people take in their insurance agent’s office.
Also just like your life changes your insurance needs will change. This year you may just need to learn about the best deductible to have. Next year you may need to educate yourself on car insurance for young drivers. As the years pass, motorcycle insurance may be something you will need to know.
Many wise people say that you never stop learning, so take their advice and educate yourself on the insurance that you spend a lot of money on and can’t get away with not having.
