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Car Insurance: Liability Vs Collision Vs Comprehensive Coverage?

Car insurance is something that every driver needs to have. It’s not just a recommendation, it’s the law. Why do people need to have car insurance? Well, the most important point is that it protects a driver from civil liability in the event of an auto accident. Insurance is a way of making sure that people are financially responsible for their own mistakes. There are many other benefits to having car insurance, however, and there are many different coverage options.

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First, let’s talk about the backbone of any automotive insurance policy: liability insurance. No matter what other options a person chooses, he or she needs to have, at minimum, liability insurance. Liability insurance covers other people and other people’s property in the event of an accident up to a certain, predefined limit. That means that if a person hits another driver’s car and is determined to be at fault, then the insurance will pay to fix the other person’s car and it will cover personal injury.

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If a person owes money on a car or the value of the car is high enough that it is worth insuring then a person may opt for collision and comprehensive coverage as well. Collision coverage is the insurance that covers a driver’s own personal vehicle in the event of a collision that is determined to be his or her fault. A person who chooses this coverage will choose a deductible (anywhere from $0 to $1000) and in the event of an accident, the insured party is only responsible for the deductible and the insurance will take care of the rest. Comprehensive insurance is similar to collision, except that it covers damage to a car from most things other than a collision. For example, hail damage, fire, theft, or vandalism would be covered under comprehensive coverage.

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In addition, insurance companies offer certain services like tow and rental coverage and many different payment options. Many insurance companies allow a person to split their insurance premium up into either monthly payments with an installment fee or a person can pay for six months to a year up front, with no monthly payments. Insurance companies are also making it easier and easier to pay online and for the insurance payments to come out of a person’s account automatically. Insurance is definitely a “necessary evil” but with all of the options and all of the companies offering insurance, there’s definitely a reasonable policy for every driver out there.

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Is there a correct way to a successful claim negotiation? Yes there is. But you must be willing to play hard ball. I am not kidding you. Insurance companies are the very best negotiators out there. They know the
rules, and they know when to break them. They understand the system, and they can and will take advantage of the unwary.

It does not matter if you are dealing with a personal injury claim, a health insurance claim, or the total loss value of your car. Insurance companies will use "dirty techniques" to get you to settle for the
least amount possible. For example, in the case of a total loss, they will cut your rental car early so you do not have a car to drive. The only way to get money to go find another car is to settle your total loss right then.

How can you handle a good claim negotiation? Or better yet, how can you play hard ball and beat the insurance company? The best thing you can do is to document in writing everything about your claim. If the insurance company contacts you and tells you that the value of your car is at most
$10,000, then you need to tell them to put it on writing. Everything the adjuster says must be on writing. This makes insurance companies nervous because you can always show that an adjuster has misrepresented the facts or the law and they can be suit for bad faith.

If you have everything documented, a new adjuster cannot just tell you: "well sir, I am sorry Bob said that he would give you $7,000 for your car, that is clearly a lot more than I would ever be able to give you, I can only settle for $5,500." If you do not have anything in writing, then you could have an uphill battle getting the value back to $7,000. But if you have this in a letter, you can show it to a lawyer, a jury, or the office of the department of insurance. You've got them!

The only way you can really beat the insurance company is by making sure everything is in writing, every negotiation, every law, every quote or estimate. This is the only way you can hold the insurance company up to their promises.

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Americans have always loved their automo­bile. Whether an individual used the shining mode of transportation as a status symbol to impress neighbors or value its safety and reliability, the auto industry has been one important economic foundation of our society. Throughout this book we will not only focus on the elements of the Personal Auto Policy but also the history, devel­opment and impact the automobile had on our society. We will also discuss the legal nature of automobile insur­ance, along with the rating of automo­bile drivers. We will conclude our discussion with ways to navigate the car insurance waters and how to be sure such Personal Auto Policies are best for our clients.

When John Frank and Charles Durye pro­duced their gas-powered auto in Spring­field, Massachusetts in 1896 they could not have envisioned the industry they gave "birth" to. Before 1886, the horse was the transportation mode of most. Like all good ideas, the new­ness of the new form of transporta­tion would take awhile for total accep­tance. After all, the horse was used for years and had a loyal following.

A Detroit pioneer, Ransom E. Olds, real­ized that mass production was the key. By 1904, he was mass-producing 4,000 cars a year using hundreds of skilled craftsmen.

Finally, in 1913, Henry Ford adapted the moving assembly line from other industries (basically, the meat packing industry). Mr. Ford insisted that engine blocks and other complex parts be cut to precise dimensions in order that the parts are inter­changeable,

Styling, which has become rounder and sleeker over the last 100 years, contin­ues to evolve. The cars likely will be shorter and more aerodynamic in design. Vehicles will also act different­ly. The car of the future will have as standard equipment: obstacle detec­tion on the road, collision warning and traffic information devices. Also stan­dard will be sophisticated technology that will allow driv­ers to summon help in an emergency. Voice-activated instrum­ent panels will replace con­ventional buttons and knobs. In addition, the "heads-up-display", a technology primar­ily used in aircraft will expand to au­tos project­ing information such as speed and fuel levels in the driver's line-of-vision.

By 2021, experts predict automated highways will guide cars to their desti­nations. Some auto designers are aban­doning all traditional concepts of the vehicle. Some are looking at develop­ing a basic car body that auto buyers themselves can alter to fit their life­styles.

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