collision insurance
www.InsuranceTLC.com
Collision coverage is to protect against you running into a car or other object (tree, mail box, sign, person, you name it) OR to protect from someone hitting you in the parking lot and taking off. Usual deductible is $200., but can be raised. Comprehensive and collision are usually required by a bank when you borrow money to buy a car. Remember that! You may have a contractual obligation to carry it.
One other item, in NYS, when you change insurance companies, or change or add a car, you need to have a photo inspection done at an authorized location. It can be your agent's office or your driveway, if your agent does it. But it must be done within 5 days, or this coverage will be dropped.
Optional coverages include Rental and Towing and Labor coverage. I do not recommend Towing, because I have seen insurance companies deny preferred discounts to insureds merely because they had a $25 towing claim. That's crap. Charge them $150 more for a $25 claim. It does happen. Rental, on the other hand, can be a great convenience. To use it, you are already involved in a loss where your car is out of commission, so the accident is there already. If it is a chargeable accident, $300 more probably won't make any difference at all in your future premiums. It will give you a set amount to cover loss of use for up to 30 days. Usually a rental can be secured for about $10 a day, hence my $300 figure above.
Well, that is the short story. There are all sorts of situations and extenuating circumstances. If you run into something you really need some advice on, let me know by email and I will try to help. Really! It's not a problem for me. I won't spend a ton of time on it, but a quick note won't hurt anything.
Yet to add to this, assuming it goes over well, is an underwriting considerations manual. Things a company takes into account and things you can have an affect on. If this is of interest, let me know your problems, as I mention above. It will all help in putting together what you need to know...
Good luck with your new insurance policy. We suggest you check it over upon receipt! Just go back into our site and check the coverage you purchased against what we have told you. That is the only way to know if you really got what you wanted! Add us to your FAVORITES!
Collision coverage is to protect against you running into a car or other object (tree, mail box, sign, person, you name it) OR to protect from someone hitting you in the parking lot and taking off. Usual deductible is $200., but can be raised. Comprehensive and collision are usually required by a bank when you borrow money to buy a car. Remember that! You may have a contractual obligation to carry it.
One other item, in NYS, when you change insurance companies, or change or add a car, you need to have a photo inspection done at an authorized location. It can be your agent's office or your driveway, if your agent does it. But it must be done within 5 days, or this coverage will be dropped.
Optional coverages include Rental and Towing and Labor coverage. I do not recommend Towing, because I have seen insurance companies deny preferred discounts to insureds merely because they had a $25 towing claim. That's crap. Charge them $150 more for a $25 claim. It does happen. Rental, on the other hand, can be a great convenience. To use it, you are already involved in a loss where your car is out of commission, so the accident is there already. If it is a chargeable accident, $300 more probably won't make any difference at all in your future premiums. It will give you a set amount to cover loss of use for up to 30 days. Usually a rental can be secured for about $10 a day, hence my $300 figure above.
Well, that is the short story. There are all sorts of situations and extenuating circumstances. If you run into something you really need some advice on, let me know by email and I will try to help. Really! It's not a problem for me. I won't spend a ton of time on it, but a quick note won't hurt anything.
Yet to add to this, assuming it goes over well, is an underwriting considerations manual. Things a company takes into account and things you can have an affect on. If this is of interest, let me know your problems, as I mention above. It will all help in putting together what you need to know...
Good luck with your new insurance policy. We suggest you check it over upon receipt! Just go back into our site and check the coverage you purchased against what we have told you. That is the only way to know if you really got what you wanted! Add us to your FAVORITES!
posted by Corky50 at 7:57 PM
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