Archive for January 2013
You Hit A Pole In The Parking Lot, Now What?
Hopefully you have Collision Coverage. Collision Coverage will pay for the damage to your vehicle minus your deductible. If the amount paid out after your deductible is not going is not much, it may not be worth filing a claim. It may be better to keep your claim record clean than to get a small pay out of insurance money. If…
Read MoreMy Car Is Paid Off, Should I Drop Comprehensive And Collision Coverage? – Palmdale, Lancaster and Tehachapi, CA
Now that you’ve paid off the car, you’re free of that obligation. However, that doesn’t automatically mean dropping the coverage is a good idea. Don’t rush to drop collision and comprehensive coverage to save on your auto until you’ve calculated whether this is the right move for you. Collision pays for repairs or replacement if the car…
Read MoreDo I Continue To Pay The Lien Holder If My Car Is Totaled? – Palmdale, Lancaster and Tehachapi, CA
Yes, you still must pay the lender if you have a car loan, regardless of the vehicle’s condition. Basically, you’ll owe the lender less than what the car is worth, so you can use the payout from the Auto Insurance Company to pay off the loan and pocket the rest to go toward the purchase of another…
Read MoreWill My Insurance Rate Drop Once I Get Married? – Palmdale, Lancaster and Tehachapi, CA
You might not know that a 25-year-old single man gets rated different than a 25-year-old married man. In the eyes of insurance underwriters, however, he is a completely new man and a much lower insurance risk once he says “I do.” Married drivers attract lower car insurance rates than single insureds mostly due to statistics that show they get into fewer…
Read MoreDo You Have Classic Car Insurance? – Palmdale, Lancaster and Tehachapi, CA
About half the owners of classic cars put them on their regular auto insurance policies. Not a good idea. Ordinary insurance is for ordinary cars. The blue book value of an ordinary car goes down every year, and so does the total amount the insurance company will pay if it’s damaged. Well-maintained classic cars, on…
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