Car Insurance

If you own and drive a car, it would be in your best interest to know exactly where you stand with car insurance. Although this knowledge is basic for most licensed drivers, there are many others who do not have all of the facts they need in order to be an informed consumer.

One of the most important examples is no-fault insurance. If you live in one of the states where no-fault insurance is required by law, you may be one of the many who is not completely certain of its purpose, its benefits and drawbacks, and what it will all mean to you if you happen to become involved in an accident.

One general principle of no-fault car insurance is that it is the most time-efficient manner of dealing with the financial implications of car accidents. When it is applied correctly, an individual who has been in an accident will not have to waste an unreasonable period of time dealing with lawsuits, nor will he have the concern that adequate medical treatment for injuries which he suffered in the accident may not be covered.

The other important aspect of no-fault car insurance is that it places a limit on an insurance-holder’s liability in the event of an accident. This means that even if you are the direct cause of an accident due to your own reckless or negligent driving, your insurance will cover the other driver’s damages without any out-of-pocket expense to you. The worst that could happen is your insurance premiums may be raised if your particular insurance company deems you to be a risk.

While no-fault car insurance gives both drivers an even break, you may wonder where time-efficiency and the mutual financial obligations to cover it fit in with the concept of fairness. No-fault car insurance could also be referred to as “both-fault”– for even if one driver had no actual responsibility for the accident at all, he has the same obligations as the driver who caused the accident.

If you are a conscientious driver who does not take unnecessary risks, you may be looking at the subject of no-fault car insurance from an opposing viewpoint. You may not like the fact that the reason why you are obligated to pay such high insurance rates is because you are assuming equal liability. A part of this is the financial consideration– you may be a very safe driver, you may never have had an accident, but under no-fault insurance you will be paying more than you normally would without this type of insurance. However, even though the financial considerations are certainly important, the other drawback to equal-liability is also an issue to many people. The fact that the only involvement you need in an accident is to be a part of it does not make the no-fault type of car insurance very positive. Under no-fault insurance, the safest and most responsible drivers are paying– in more ways than one– for those drivers who do not possess these characteristics.

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Gary Giardina
http://informationoncarinsurance.com

Written by Car Enthusiast on May 16th, 2008 with no comments.
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Diminished Value- The Biggest Secret in the Insurance Company

Portland, Ore., 2008 – The Appraisal Group of America is an expert in the field of Diminished Value. If you’ve never heard of it before it’s important to know because it could cost you thousands of dollars. Any consumer seeking to recovery the maximum possible from automobile accident appraisals should find out all they can about this hidden fact.

If your car is newer than 2002 and the accident was not your fault, Diminished Value is due to you and can be paid nationally by every insurance company. Diminished Value Claims can be worth 20-50% of the vehicle’s resale value, typically worth in the thousands. Typical claims for Diminished Value scenarios can run around $4,000 -$15,000 for a single claim and estimates on luxury high end vehicles can get even higher amounts.

Research shows that 55% of consumers would not buy a car if had been in an accident and over 80% would want a huge discount on the price before they would consider such a purchase. A study completed by the State of Florida determined “uncompensated losses” due to “decreased value” were estimated to be worth over twenty billion dollars in the United States.

When a demand for diminished value is made, insurance companies may deny diminished value has happened. Claimants need to support their diminished value claims with an expert appraisal that can determine that diminished value has occurred. Appraisal Group of America fights to get you the settlement that you’re entitled to – all across the nation.

Jack Donnelly – LTC US Army (Ret) a total loss client says it all -

“Thanks for your tenacious persistence in prosecuting my claim with USAA… Without your expertise I never would have gotten the over $21K plus tax from them. I have recommended you to friends and will continue to do so in the future.”

Terry Fisher, Automobile Diminished Value Expert gets consumers millions of dollars for Diminished Value Claims. Even if your claim has already been settled, you can still file a separate Diminished Value claim as long as the repairs are recent.

You can contact Terry Fisher at Autoloss.com and get a free quote online for your diminished value appraisal. Call them Toll-Free at (877) 655-1661.

Written by Car Enthusiast on August 20th, 2008 with comments disabled.
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