A vehicular accident that results in your car being classified as 'totaled' may necessitate that you sign over your car's title to your insurance provider. The insurance provider will conduct an assessment. Based on the assessment, the provider will offer you the fair market value of your vehicle.
The Payment Amount
Collision insurance policies and comprehensive insurance policies cover the costs associated with many types of vehicular accidents. The cause of the accident that you were involved in will be assessed soon after you submit an insurance claim.
If you own a small trucking operation that requires deliveries to be made, you will need to acquire vehicle insurance for your fleet of trucks. This type of insurance is similar to regular automotive insurance but is tailored to protect big rigs. You will need to acquire a comprehensive insurance policy, plus will need to make arrangements for your delivery crew to obtain insurance too.
The Penalties
Failing to keep your vehicles insured or failing to seek enough coverage could halt business operations.
If you're a retiree, you know that healthcare costs can be expensive. While Medicare helps cover some of the costs associated with medical bills, there are still a few things it doesn't cover. That's why many retirees choose to purchase supplemental insurance to cover the difference. Here's what you need to know about Medicare supplement insurance and how it can help protect your finances in retirement.
What is Medicare Supplement Insurance?
Are you currently shopping around for car insurance? If so, you may be debating about if you need underinsured and uninsured motorist coverage. Here are some common questions you are likely to have before you purchase a policy.
Why Do You Need Uninsured Motorist Coverage?
The main reason for having uninsured motorist coverage is to protect you from another driver that does not have insurance. While you may think that you can always sue the other driver for damages and recover them in court, that is not always the case.
You'll generally receive an SR-22 requirement from your state following a severe traffic violation or a substantial number of minor violations. You may also receive an SR-22 requirement if you're involved in an accident while uninsured. Whatever the case, an SR-22 isn't a specific type of insurance but a form that your insurance company must file with the state.
This form proves to the state that you are financially responsible for your vehicle by certifying that you meet minimum state coverage requirements.
