Question: I live in the state of florida. I have had a lapse in my auto insurance for four weeks now. I've been looking for auto insurance for a little bit now with no luck. No one will cover me with less than $350-$400 down. My husband also has a bad driving record. What can I do? Im afraid my license will be suspended if I don't get auto insurance soon. " - by " sexy chica
Answer: You are having a tough time because insurance companies now view you as a poor risk. Anytime one lets their insurance lapse, insurance companies take a dim view because they say you are irresponsible. If you can get insurance at all, you may very likely end up in a high risk, expensive insurance plan now.
Answer By: Entidtil
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Question: I didn't as big a paycheck I thought I would this one, and I may have to wait until the 15th for my next paycheck to pay my auto insurance...I just don't want to have to go to a high risk insurance place " - by " violintide05
Answer: say- about one uninsured accident.
Answer By: artman59
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Question: When renewing auto insurance, can an individual be denied coverage due to a terminal condition and/or income status of spouse/caregiver? " - by " Nedrajean
Answer: An Automobile Insurance company doesn't have to newly insure or renew anyone that they don't want to insure or renew for any reason under the sun. If you already have a policy in effect with them and have a claim, then they must consider that claim and cannot deny coverage unless you lied to them when you bought the policy If you have trouble getting Auto. insurance, most US states have an "insurance pool" for high risk drivers and you may be able to buy coverage from that "pool".
Answer By: Entidtil
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Question: I am researching the nonstandard auto insurance sector and would like to understand how many carriers are underwriting policies in the United States. " - by " J-U
Answer: Well, the biggest nonstandard auto carrier, would be each state's auto insurance program of last resort - that would be facility auto, assigned risk, it goes by lots of different names. If you exclude those, I can think of maybe a dozen companies off the top of my head. But I'm probably missing some. It also matters a WAY lot, if you're including only admitted carriers, or nonadmitted carriers as well - or if you're talking personal lines only, or including commercial auto lines.
Answer By: mbrcatz
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Question: I need the use of a vehicle of an acquaintance for the next three months. The car is insured, although it is never driven. How do I go about insuring myself to drive this car? Note- I will be using the car in North Carolina, United States where it is insured. The auto insurance companies I've contacted so far seem confused by my question. " - by " The Spirit
Answer: With that car being insured on it's own, if you carried a SR22 bond on your self. These are inexpensive when they are not high risk(DUI, or court ordered). Then you are personally covered for liability, and the car is covered as well.
Answer By: Poppy
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Question: I don't know anything about auto insurance, so im trying to figured out what i should include in my policy, not just standard, but recommended coverage, so that if anything happen the insurance company can't say this or that doesn't covered...im a person that rather be safe than sorry later... so far i have statefarm in Florida, and here are my coverage and limit so far: liability bodily injury 10/20, property damage 25 per accident. no-fault coverage comprehensive collision uninsured motorist bodily injury 10/20 is there anything else i need to add or missing? is there different between the personal injury protection and no-fault coverage? is my limit enough? my friend has 50/100 limit and pays much lower premium than me (about 40% less). " - by " ZeroTheGreat
Answer: It sounds like you have all the coverages. However, your limits are a bit low. What is appropriate for you may depend on your circumstances. If you are young, and you do not have any assets, then low limits is probably fine. Insurance is already so expensive for young people because you are in a higher risk class. You are at risk of being sued, of course. If you cause an accident, and your liability limits are not enough to cover everything, the other party may sue you. And you would be responsible for any judgment they obtain against you over and above your policy limits. However, you may be a judgment proof. If you live paycheck to paycheck, like most people, and you do not have a ton of money in the bank, then there is no way you could pay a large judgment. And because of this, most plaintiffs will not waste their time trying to squeeze blood out of a turnip. On the other hand, if you have a halfway decent job, and $25,000 in the bank, then you need higher liability limits. More protection will help you protect your assets, if you have assets to protect. I think most people have limits in the $100,000 range, but this may vary by state. My policy limits are $250,000/$500,000.
Answer By: Someone Else
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Question: What are the best insurance companies (Auto & Home primarily) out there? I would like to become an admitted agent. I have my broker’s license already. I have worked under an auto insurance co. for about 5 years, but would like to go into business on my own. What are the good companies, Which companies have good compensation programs? I’ll be working in a good and high risk market, in Los Angeles area¦anyone has done this, any suggestions? Thank you in advance for all your assistance! " - by " Gail
Answer: You need to get a company to appoint you - and that's mostly through networking. Usually in your shoes, YOU don't get to choose from companies, you're more likely to have to take whoever will take you on. Progressive is a pretty easy one to get into, or any captive agent like State Farm, or Allstate, but then it narrows your options in the long run.
Answer By: mbrcatz
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Question: How much body liability insurance coverage does one need on an auto insurance policy? Just enough to cover your assets? I make about 30k a year and have about 20K in assets. Is there any reason to get more than 50,000/100,000 body liability coverage? " - by " John
Answer: Enough to cover your assets but a responsible person's minimum would be a 100/300 which is pretty standard around the country. Agents will tell scary stories about people who get sued for more than they have in insurance and lose but the dirty secret is that this does not happen very often. The reason for this is that when faced with potentially collecting 33% of a 100k or 300k or 500k payout the lawyer is faced with an insurer who is usually going to make signing a full release a condition of the settlement. Only a foolish attorney is going to risk losing that kind of cash (because taking the money is a sure thing and trials involve risk) just so they can waste their time and money pursuing you for anything above that. 999 times out of 1000 they will tell their client to settle for the policy limits and that is what will happen. If you have a low limit and are viewed as someone they have an air-tight case against and they think they can milk you for more than your limit they may be tempted to try. The trick is to make the amount of money involved (the policy limits) high enough they won't take the risk of not getting it, but also not so high as to make them start seeing jackpot signs. (unless you have to have that much to protect your assets). Also don't ignore the "3rd number" which is the PD limit. You potentially can expose yourself the worst there if you get into the wrong sort of accident (like causing a tractor trailer to jackknife and or creating a multi-car pileup). I'd go 100/300/100
Answer By: Rogue Claims Adjuster
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Question: My boss said lots of agents take payment from customers for auto insurance and we get a lot of cancellations, so he wants to accept emergency payments, or high risk accounts automatically and electronically. Does anyone know who does this? Not some credit card company, please - my boss is wicked thrifty ... " - by " Farah S
Answer: Hi - You didn't say what agency you were from or what affiliations you had, but the easiest way to do this is to use stand alone software where no merchant account or credit card company is involved. This way, after you buy the software, you won't have monthly fees or per check charges. Software like CheckWriter software from checkwriter.net allows insurance agents to take checks by phone for the following reasons: 1. Customer wants to call in a payment due today. [expiring auto policy, dwelling fire, life etc.] 2. Customer needs insurance binder for property closing. 3. Payment to write new coverage or rewrite coverage. 4. Monthly payments on existing policy. Basically, once you get the customer's check information by phone, fax or through a website, you enter or import it into the software and print a physical draft of the check that you can deposit into the bank the same business day, with no fees. Because you have a physical item, it is treated just like a check. You can deposit the check, forward it to the insurance provider, or ACA the payment. All insurance agencies should offer this service, it drastically drops cancellations. You can call and ask for the payment and take it over the phone, or if they call you just take the information. It increases retention and increases new business. The software is around $100 and there are no annual fees or setup charges and no transaction fees like there are with so many ACH and Check Draft Providers. If you do 1,000 transactions per month, or 2 transactions in a month there are still no fees. Drafts are printed on Federal Reserve Regulation 'CC' Blank Check Stock which would be the only additional expense when using this type of system. A box of 500 would be about $50 and you can get large quantities for 1/2 that price. You can use any laser or ink-jet printer and blank check stock is about 5 to 10 cents per check. If you are a Farmers Agent, Farmers Agency, State Farm Insurance Agent or Independent Insurance Agent listed on the Independent Insurance Agent's online finder, you can get special low group rates for the system.
Answer By: instantpc
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Question: I haven't had any claims on my auto insurance and I've been with them for 8 years. I backed into a parked car (no body in it) and the estimate to fix it is $2360. My deductible is $500 and there was no damage done to my truck. Should I file a claim or pay out of pocket. " - by " Tom Smith
Answer: First, there is no deductible for the liability portion of your car insurance. The deductible only applies to damage to your car under your Comprehensive and Collision coverages. That means if you put the claim in under your insurance you pay nothing for the damage to the car. That said, your premiums will go up for having an At-Fault accident. How much and for how long depends on the company, coverages and discounts you now have. Most that I have seen surcharge your policy for 3 years for an accident. Since you have been with your company for 8 years I doubt you'd get cancelled. Have another accident in that three year period, though, and your rates will likely skyrocket and you can risk cancellation. All that said, this is what you have insurance for. If there was only $500 damage, I might consider just paying the damage. In this case, though, I'd put in the claim. Good luck!
Answer By: Wendy S
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