Understanding Car insurance – What you need to know 101
Please watch: “How Insurance Companies Make Money Off You”
Please subscribe: https://www.youtube.com/user/MarkFlockhart and turn on notifications.
Learn auto insurance quickly. Save $$
My background in insurance: Licensed in over 35+ states, I’ve been an insurance agent for 6+ years and am currently in the top 5% sales with the 3rd largest insurance company in the U.S. I have personally helped over 5,000 people buy insurance in auto alone.
I am going to show you what coverages you should be asking for from your insurance agent.
Most common coverages used:
Starters: BI 25/50 PD 50 UMBI 25/50 UMPD 10 (depending on value of veh) Medical payments 5,000
Middle coverage: BI 50/100 PD 50 or 100 (check price diff) UMBI 50/100 UMPD (value of veh) Medical Payments 5,000.
Average home owner coverage: BI 100/300 PD 100 UMBI 100/300 UMPD (value of veh) Medical Payments 5,000, road service/towing, Rental car (if requested)
If your vehicle is valuable then full coverage: Comprehensive and Collision. I use deductibles of 250(comprehensive) and 500 (collision). If the cost of these coverages are more than what the value of the vehicle is in a 3 year period you may want to evaluate if it’s still worth keeping.
Remember, it’s a risk. How much risk do you want to take?
States with mandatory PIP coverage
• Maryland (unless a waiver is signed at initial purchase of the policy)
• New Jersey
• New York
• North Dakota
Certain states require insurance companies to offer PIP coverage, but allow the insured to reject it in writing:
• Washington Once you reject the coverage it stays that way until you request it be added or start a new policy.
PIP Source: https://en.wikipedia.org/wiki/Personal_injury_protection
#carinsurance #quotes #AutoInsurance #CARS #Trucks #insurance #insurancequotes
Republished by Blog Post Promoter
Getting Auto Insurance Online Can Mean Getting the Best Deal – 2017 Car Insurance Tips
How to get the cheapest car insurance ten tips for this is money. Get averageRead More
About Commercial Truck Insurance : Commercial Insurance Tips
Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance Commercial truck insurance is designed to protect vehicles usedRead More