Car Insurance Archives - Moving 2 Brevard

Jan202021 by Ian JensenNo Comments

A Guide to Rental Reimbursement Coverage

You’re involved in an accident, your car is wrecked, and your insurer has stepped in to cover the damages. All is well, and you only have the deductible to worry about, but what happens before the car is fixed? How do you continue to get to work every day and take the kids to school when your car is in theÂ repair shopÂ for the next few days or weeks? That’s whereÂ rental carÂ reimbursementÂ coverageÂ steps in. If you have thisÂ optional coverageÂ on yourÂ carÂ insuranceÂ policy, you won’t need to worry. Keep reading to learn how this coverage option works. Rental CarÂ ReimbursementÂ vsÂ RentalÂ CarÂ Insurance Before we go any further, it’s worth clarifying the potential confusion surroundingÂ rental carÂ coverageÂ andÂ rental carÂ reimbursementÂ coverage. The form...

Jan162021 by Ian JensenNo Comments

What Is High-risk Auto Insurance?Â Â

Car Insurance, Fannie Mae

Insurance companies determine risk when calculating rates and offering coverage. If the company determines that your accident risk is higher than average, you’ll have to purchase high-risk auto insurance. Since companies base rates on risk, you can expect to pay more for coverage if you need high-risk insurance.Â Find out why you might need high-risk insurance, how you can lower your premiums, and more. Then you’ll be ready to shop for high-risk auto insurance if necessary.Â Â Reasons for High-risk Auto Insurance Insurance companies look at various factors when determining risk. You might need high-risk insurance if you: Have lots of at-fault accidents on your recordÂ Have a large number of speeding ticketsÂ Have reckless driving or racing violations Have been convicted ...

Jan122021 by Ian JensenNo Comments

How Gaps in Coverage Affect Auto Insurance Rates

Car Insurance, Fannie Mae

A lapse in coverage increases your risk and your rates. It may be harder to find suitable and affordableÂ car insuranceÂ and may mean that you need to make some sacrifices in order to keep thoseÂ insurance premiumsÂ at an affordable level. But it’s not a complete disaster and is far from the worst thing you can have on your record. What is a Gap in Coverage? A lapse or gap in coverage is a period in which you were not insured. You owned a car during this period but you didn’t meet the state minimum insurance requirements. In some cases, a gap in coverage can be the result of negligence on your part. You may have allowed yourÂ insurance policyÂ to lapse without purchasing a new one or it may have been canceled because you failed to meet your payment obligations. A lapse inÂ aut...

Jan122021 by Ian JensenNo Comments

What Is Uninsured Motorist Insurance?

Adjustable Rate Mortgages, Auto, Car Insurance

If you buy or lease a car, youâll need to arrange for insurance coverage. Not only is it the law in most states, it will also protect your bank account in the event of an accident. However, if youâre involved in an accident and the other driver doesnât have car insurance, you could run into problems. Thatâs the thinking behind uninsured motorist insurance. Compare checking accounts here. Uninsured Motorist Insurance Basics If two people who both have car insurance get in a car crash, they exchange insurance information. The other driverâs insurance company generally pays your expenses if youâre in a crash. So what happens if the other driver doesnât have insurance? Thereâs no one to pay you, cover your car repair or replacement or foot your medical bills if you...