Tag: Am I Covered

What is Personal Injury Protection Insurance? Personal injury protection insurance or PIP covers your medical bills if you’re injured in an accident. Personal Injury protection covers you no matter who is at fault. For this reason, it is frequently referred to as no-fault insurance. In some ways, personal injury protection insurance is like health insurance for car accidents. However, it frequently...

What is Uninsured Motorist Insurance Coverage? Uninsured motorist insurance coverage or underinsured motorist coverage are liability coverages. However, rather than provide protection for your liabilities while driving, it protects you if you’re hit by a driver who doesn’t have auto insurance or doesn’t have enough liability coverage for the damages they have caused. In some states, like...

What is GAP Insurance and How Does it Work? Gap insurance is another optional coverage you can purchase to get more protection from your auto insurance policy. It’s also commonly referred to as loan/lease payoff coverage. This coverage applies if your car is stolen or deemed a total loss and your loan amount is more than your vehicle’s worth – also known as the gap. Gap coverage...

What is Comprehensive Insurance Coverage? Just like Collision coverage, Comprehensive insurance (sometimes referred to as “Other than Collision”) is an optional coverage you can add to your auto insurance to pay for repairs to your car for very specific types of hazards. Comprehensive insurance covers damage to your car that is caused by events that are out of your control. For instance,...

What is this Collision Coverage on My Policy? When purchasing auto insurance, you’ll have the option to select many other coverages designed to help you repair your own car after an accident. One of these options is Collision coverage. Collision helps pay to repair or replace your car if it’s damaged in an accident with another vehicle or stationary object (eg. a tree, fence, or sign)....

What is Liability Insurance and Do I Really Need It? When you buy auto insurance, you’re actually buying auto liability insurance. In fact, generally speaking, the liability coverage of your policy is the only form of car insurance that is required. For the most part, the other coverages are optional. So, what is liability insurance? Well, auto liability insurance is the coverage that protects...

How Do Auto Insurance Deductibles Work? For many of us, we only marginally understand our insurance policy deductibles. So, it may be a good time to talk about auto insurance deductibles and how they work. Frankly, it’s a pretty common question, but luckily an easy question to answer. An auto insurance deductible is the portion of a claim you pay “out of pocket.” Or, insurance speaks,...

Ride-Hailing Insurance for Uber and Lyft Drivers Drivers working with Transportation Network Companies (TNC) like Umber and Lyft have been without serious private passenger auto insurance solutions. But that’s now about to change. For California drivers who want to earn some extra cash driving for Uber or Lyft, Mercury Insurance has announced that it will offer ride-hailing insurance that will...

[Infographic] Buying Minimum Liability Insurance Limits Could Cost a Bundle Are state minimum auto insurance limits right for you? When I was a young man, just getting started I had to learn to manage my life on a budget. This was eye-opening. I took for granted what my monthly expenses where, because my parents paid them. One of the thing I took for granted was my auto insurance. Quickly I learned...

Should I Buy Rental Car Insurance? Many of us have been at the rental car counter and asked, “Would you like to purchase the insurance coverage?” And there is a momentary pause, because you don’t know. You ask yourself, “should I buy rental car insurance?” Or you wonder, “Does my current auto insurance cover me in a rental car?” Like others, you don’t know, so you just...