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Friday, July 11, 2008

The fundamentals of rental car insurance

By Insure.com
Rental car insurance by any name will cover you just the same. Whether you buy it from the rental car agency or use your own insurance, you'll be protected from having to pay costly repair bills if you damage the rental company's property.However, there are some intricacies of rental car insurance of which you should be aware in order to make an informed purchasing decision.
Your insurance vs. the rental car company's insurance

Your auto insurance
Your collision insurance coverage in your personal auto insurance policy will likely cover damage you cause to any car that you're driving — including a rental car. However, many auto insurance policies say that your own collision insurance is "excess" to any other coverage, meaning that any coverage you buy from the rental car company kicks in first. In addition, your own collision insurance requires you to pay a deductible before the insurance company picks up the tab.
Your comprehensive coverage will likely apply to any rental car you drive and cover fire, theft, vandalism, or animal collisions. Again, your personal comprehensive coverage is excess coverage and is subject to your deductible.
If you cause an accident, your liability insurance will pay for the damages you cause to someone else, plus any medical expenses that arise from your negligence. Your liability insurance will cover you up to the limits of your policy, and if you were driving a rental at the time of the accident, your personal auto liability insurance, like your comprehensive and collision, will likely be excess coverage.

Rental car company's insurance
Rental car companies all offer various types of insurance and waivers that broaden your liability protection and that can relieve you of the responsibility of paying for a wrecked rental.

Loss damage waivers (LDW) and collision damage waivers (CDW) from the rental company essentially take the place of your own collision and comprehensive insurance, letting you off the hook if the rental is stolen or vandalized, or if you crash the rental car company's vehicle. Some LDWs include the CDW, and some waivers require you to pay a deductible, just like your comprehensive and collision insurance.
These waivers are not insurance. (In order for these to be true insurance, you have to purchase them through an insurance company. This option is not underwritten or sold by an insurance company, but it's the rental car company's version of comprehensive and collision insurance.) Cost: between $7 and $25 per day, depending on the rental car company and what kind of car you rent.
There are also Additional Liability Insurance supplements that will often cover you for up to $1 million if you cause an accident, damage property, or injure others. This coverage has a "combined single limit," meaning the insurer will pay no more than $1 million for bodily injury and property damages. If you purchase this insurance from the rental car company, it becomes your primary liability insurance. Your own personal auto liability insurance is, again, relegated to excess-coverage status. Cost: between $7 and $15 per day, depending on where you rent.
You can also purchase accidental death and personal property insurance from your rental car company. Avis, for example, offers Personal Accident Insurance (PAI) that provides accidental death benefits and medical expense benefits to the driver and all passengers. Avis' PAI provides $175,000 in accidental death coverage, $2,500 in medical coverage for injuries due to an accident and $250 for ambulance expenses. (Limits in New York are different.)
Most rental car companies also offer "personal effects" coverage for your personal property that might get stolen out of the rental vehicle.

Friday, April 11, 2008

Car Insurance Brokers Serve Motorists

Car insurance brokers are insurance brokers who specialize in providing access to insurance protection plans for motorists. A broker is a go-between that helps link a motorist or customer with an insurance provider and protection plan.



Brokers offer benefits that are unique compared to individual insurance providers.

As brokers specialize in helping customers find the best insurance to meet their needs, they are often the best resource for discerning motorists. Car insurance brokers generally maintain relationships with a variety of insurance providers which gives them good knowledge of available products and benefits. They also have knowledge of benefit combinations, discount programs, and are often aware of the best available offers by companies that might not be communicated directly from the provider to the customer.

Along with their connection to various providers, many brokers are effective at helping their customers negotiate the best available offer. Additionally, good brokers are able to ask the right questions and get to know the specific needs of each customer. They are essentially advocates as well as service providers. Some brokers even assist customers with claims services or help when situations arise that require the customer to file a claim or seek a payout.

A convenience to car insurance customers is that car insurance broker directories are an effective to seek out the right broker. Some brokers offer general services and work with many brokers in a variety of protection areas. Other brokers are more niche market entities and focus on specific coverage areas, such as motor plans. Each broker offers a unique mix of benefits.

An added benefit to motorists when using car insurance brokers is peace of mind in knowing that car insurance brokers are heavily regulated. To be included in broker directories, the Financial Services Administration (FSA) requires that all brokers be approved by them. Brokers are also members of various trade associations. This combination of regulated and trade associations places strong expectations on brokers to require to specific standards. The purpose is to ensure ethical, fair, and open communication and interaction between brokers and customers.

There are hundreds of car insurance brokers in operation in the UK. Perhaps the best benefit a car insurance broker provides to its customers is instant access to quotes from multiple service providers. As most of the general and specialized brokers now have web sites, customers can easily gain information on what protections are available and at what price points. This instant access to insurance quotes is important for motorists in the fast pace business environment.

Car insurance brokers need to have a strong customer service orientation to appeal to the needs to the market. High value car insurance protection is important to the peace of mind of motorists. It is now just about protection the value or providing for repair of the automobile. Insurance protection is a security and safety net for many Brits. Motorists rely on the honest and ethical communication of brokers as well as the belief that claims will be covered without hassle if the need arises.


About The Author
Jason Hulott is Business Development Director of Protection Insurance (http://www.protection-insurance.com), an internet based insurance business dedicated to getting consumers the best rates and the best products. Visit us for Low Cost Insurance.

Saturday, April 5, 2008

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Friday, April 4, 2008

Motorbike Insurance Needed By Riders

by: Jason Mark Hulott

Motorbike insurance provides need protection to expensive bikes or bike riders. Although some of the coverage and costs of motorbike insurance are similar to other auto plans, there are also some unique differences that affect the benefits and costs of motorbike insurance.

Motorbike insurance covers bikes, users, or both. Some riders are more concerned with bike protection when they ride expensive or high-end bikes. Others that ride frequently or in more dangerous environments needed adequate rider coverage to cover the costs of personal injury resulting from an accident. Legal protection is also important to help prevent overwhelming costs from liability or lawsuits when the rider is at fault in a multiple person accident.

The types of coverage a rider needs are the most important consideration in selecting a motorbike insurance specialist and the appropriate plan. Another factor that has a significant impact on premium costs is the level of use of the rider. Riders that ride infrequently or casually would not be as risky to the insurer as riders who use their bike for all transportation needs. Riders who ride for sport would have other unique needs. Other traits of the rider, including age and riding history, also impact the insurance risk and cost.

Along with the characteristics of the rider, features of the motorbike also impact coverage requirements and premiums. Bikes with certain types of engines pose more of a risk of accident or injury than others. Engines are rated based on their power, performance, and potential for accidents.

In spite of the fact that many costs of insurance coverage are out of the insured’s control, including needed protection and individual rider characteristics, there are some ways to reduce costs. Paying premiums annually offers many benefits to insurers, which leads to them to offer discounts or better rates, as opposed to monthly payment plans. Combining motorbike insurance with other insurance plans, if available through the service provider, can also lead to combination discounts.

Ultimately, the right protection plan depends on the rider and motorbike. A specialist motorbike insurance company is a great resource in finding the appropriate coverage solution. A good company has the same objectives as the customer, to find the best benefits to meet the customer’s needs, and at the most affordable costs. By asking the right questions and providing detailed information, insurance specialists can help ensure customers get the protection they need.

Motorbike insurance is not necessarily the primary concern of a cyclist, nor should it be. Proper coverage should provide security and comfort to help make the riding experience more fun and less stressful. No rider wants to be in an accident and suffer the pain of injure or see damage to their bike. Having good insurance coverage that offers effective benefits, good claims and support service, and reasonable premium costs helps buffer the impact of an already troubling situation. A specialty motorbike insurance provider understands the customer’s feelings and helps them to avoid the unwanted and emotionally draining situation that results from poor insurance.

About The Author
Jason Hulott is Business Development Director of Protection Insurance (http://www.protection-insurance.com), an internet based insurance business dedicated to getting consumers the best rates and the best products. Visit us for Low Cost Insurance.

Monday, March 31, 2008

Online Car Insurance Overview

Development of the Web for the past decade drastically changed car insurance business. The Internet makes it easy to find required information to get the best deals and insurance rates. You don’t have to call your insurance agent any more, or visit their office to sign documents. All you need is a computer with an Internet connection.

Buying car insurance online has many advantages. It’s a good way to reduce your insurance costs and save time. You can instantly get auto insurance quotes form different insurance companies, so that you are able to compare prices. Usually, many people pay too much for their car insurance policy only because they haven’t enough time to shop around for the best rate. Now, this is not the case when you’re buying insurance policy online. You can always find a good online discount broker. There are lots of them offering quotes from a wide range of companies.

Search the web and you will find many companies offering online car insurance. But it can be more of a challenge to find a reliable insurer, offering cheap auto insurance. Progressive, TESCO, GEICO, Insurance Finder and Direct are among of them. They offer various types of discounts, flexible payment options and much more. You can visit their websites for more detailed information.

However, it can be mentioned that, there are several types of coverage they offer. Typical auto insurance policy consists of three separate types of coverage: property, medical and liability coverage. And most car insurance policies last from six months to one year. But before making a decision in favor of a particular company, you should find out which one fits your needs best.

Car insurance market is a place of continuous evolution. And the Internet plays a decent role in its further development. New ways and methods are going to emerge in the nearest future.

About The Author


Tim Baker is a professional insurance agent and the founder of several online resources related to car insurance business.

For more information visit the site devoted to Tesco Car Insurance (tesco-car-insurance.info) where you will find interesting articles and news related to online car insurance.

Thursday, March 27, 2008

Remember Essential Facts Related To Online Car Insurance

by: Henry Bell

Car is such a valuable part of every ones life that they can not ignore the safety of their car. Although for the safety of their car people usually take manifold measures and precautions but even then sometimes they have to suffer loss. With car insurance they can take a step forward in having full safety of car and moreover if they take it online then there are also chances of availing many other benefits.

Online car insurance assists you in making the generous and useful utilization of your precious time. Online you can finish your search for suitable car insurance within seconds and even you might also grab heap of added benefits in comparison of any other mode of taking van insurance. Now as the competition among insurance companies is increasing, they have online drastically reduced the prices for car insurance. Hence with online car insurance after making search for various car insurance you can very easily find the best one suited to you.

However, while giving car insurance online, insurance companies pays heed to some important factors like driving record of driver, condition of car, safety measures installed in car and the location of your residence. With drivers having very good driving record the chances of getting online car insurance are higher because they drive carefully which minimizes the accidents or any loss to car. On the other hand if you are a high risk driver then very often you will get involved in auto accidents and keep making claim, which causes your insurance premiums to increase.

Location of your residents also plays an important role in getting online car insurance. People living in safe locations can avail it easily in comparison of those residing in unsafe places because the chances of getting your car victim of vandalism and theft are more. Apart from it insurance companies also consider the model and value of car before giving online car insurance. The probability of accidents and theft is more with cars having powerful engine and higher value respectively.

Browse online to various websites of insurance providers and compare well both the cover and cost of policy. If you find the required quote then apply for it without any delay for getting complete safety of your car.

About The Author

Henry Bell is an author who can certainly identify the kind of insurance that you will need. He is proficient in the insurance world; he is an MBA(finance) from University of Oxford. Carvaninsurance endeavors to find the best possible deals for its customers. To find Online car insurance,Car Insurance, Cheap Car Insurance, Instant Car Insurance Quote, Free Car Insurance Quote visit http://www.carvaninsurance.co.uk

Sunday, March 23, 2008

Cheap Car Insurance Online

Author: Doug Taylor

With oil prices on the increase predominantly in the Middle East, it is having a serious knock on effect to the price of petrol.

In the UK petrol is currently almost GBP 1.00 per litre, and in some rural towns it exceeds this price. The burden on the average motorist is having an effect with an average family car costing around GBP 55.00 to fill up.

With the increase in fuel prices any relief on the poor motorist is more than welcome. You will be pleased to know the increase in recent car insurance competition, particuarly online, has resulted in cheaper car insurance for all.

This does mean that shopping around for car insurance can lead to lower premiums. The large car insurance companies have recently carried out major advertising campaigns highlighting the 'lower premiums and saving money online benefits'. At present just by buying your car insurance online rather than over the phone can save you an instant 10% with some car insurance companies.

One other aspect to consider are companies that search out the cheapest car insurance for you with top car insurance firms. You simply make one phone call, or one web enquiry and they will search on your behalf with top firms. You pay no money for this service as the commission they take comes straight from the car insurance firm. It's an ideal solution for those with little time to shop around.

One point to remember is make sure you have the right policy for you. You may find a replacement car an advantage for times when your car may be being repaired. Not all insurance companies offer this and it often comes as a premium. Cost is a major factor but ensure the cover is right for you, your car and circumstances.

Remember Essential Facts Related To Online Car Insurance

Author: Henry Bell

Car is such a valuable part of every ones life that they can not ignore the safety of their car. Although for the safety of their car people usually take manifold measures and precautions but even then sometimes they have to suffer loss. With car insurance they can take a step forward in having full safety of car and moreover if they take it online then there are also chances of availing many other benefits.

Online car insurance assists you in making the generous and useful utilization of your precious time. Online you can finish your search for suitable car insurance within seconds and even you might also grab heap of added benefits in comparison of any other mode of taking van insurance. Now as the competition among insurance companies is increasing, they have online drastically reduced the prices for car insurance. Hence with online car insurance after making search for various car insurance you can very easily find the best one suited to you.

However, while giving car insurance online, insurance companies pays heed to some important factors like driving record of driver, condition of car, safety measures installed in car and the location of your residence. With drivers having very good driving record the chances of getting online car insurance are higher because they drive carefully which minimizes the accidents or any loss to car. On the other hand if you are a high risk driver then very often you will get involved in auto accidents and keep making claim, which causes your insurance premiums to increase.

Location of your residents also plays an important role in getting online car insurance. People living in safe locations can avail it easily in comparison of those residing in unsafe places because the chances of getting your car victim of vandalism and theft are more. Apart from it insurance companies also consider the model and value of car before giving online car insurance. The probability of accidents and theft is more with cars having powerful engine and higher value respectively.

Browse online to various websites of insurance providers and compare well both the cover and cost of policy. If you find the required quote then apply for it without any delay for getting complete safety of your car.