Insurance News - Wednesday, August 14, 2013:

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Wednesday, August 14, 2013:

• Court challenges by clinics in Hillsborough County, Florida have pretty much killed the county ordinance requiring licensing for clinics treating auto accident victims.  Less likely to happen in Ontario since province has created statutory authority for licensing system.
• Grumblings from New Brunswick where auto insurers anticipated higher accident rates and therefore charged drivers excessive premiums leading to excessive profits.
• Vancouver's transit authority is considering driverless buses guided by computerized maps and laser technology.

Will Ontario's Experience With Licensing Clinics Be Better Than Hillsborough's?

Florida's Second District Court of Appeals has effectively ended Hillsborough County's attempt to regulate clinics that enabled an epidemic of staged auto accidents.  The appellate court upheld an injunction issued in January that blocked enforcement of the ordinance.

Back in January a Circuit Court judge issued a temporary injunction against the county preventing it from enforcing licensing requirements for clinics that do most of their business treating people injured in auto accidents.

The County Commissioners passed the ordinance in September 2011 in an effort to stop staged accidents which were used to collect money under Florida’s personal injury protection (PIP) insurance law. Florida law requires auto drivers to carry $10,000 in PIP insurance. Law enforcement and the insurance industry said criminal rings defrauding the system were aided by fake clinics that billed insurance companies for bogus treatment.  The Hillsborough ordinance requires that operators of certain clinics obtain a county licence, offer proof that they are associated with a medical doctor, don't employ convicted felons in any positions and submit to random inspections.

About 70 clinics had been approved for licences under the ordinance, which exempted medical providers whose businesses don't rely on crashes or that carry some other forms of accreditation. Enforcement of the ordinance has been on hold since the lower court ruling late last year.

The county noted that there was a 62 percent decrease in the number of staged accidents following the introduction of the ordinance.  Many of the fraudulent clinics just closed which impacted on the number of staged accidents and questionable claims.

About 30 facilities argued that the county ordinance unlawfully sought to pre-empt state law under which they are licensed by treating the clinic owners in Hillsborough County differently than any other clinic owners in the state  They also said it had an arbitrary and subjective process for people challenging the denial of a licence, subjected them to unlawful searches from a broad array of law enforcement and included other requirements that made it all but impossible for otherwise legal clinics to operate.


It is still unknown how the county will respond to the decision. 

As Ontario moves towards the licensing of clinics operating in the auto insurance system, there may be some lessons to learn from the Hillsborough experience. 

Statutory authority to introduce a licensing system for all clinics in Ontario is a much better approach than Hillsborough going out on its own.  FSCO has been given jurisdiction to license the clinics by the Legislature.  However, in developing and enforcing business standards for clinic owners and operators, the regulator needs to be cautious and ensure that it does not act in an arbitrary or subjective manner.  Reputation alone cannot be the basis for denying a licence.

Insurance News - Tuesday, August 20, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, August 20, 2013:

• Fatal collisions by 'distracted drivers' up 17% in Canada and distraction surpasses impaired driving deaths in 3 provinces.
• One in five fraudulent claims are never detected so here are five keys to countering claims fraud.
• According to the Insurance Research Council, in 2009 the proportion of uninsured drivers in the U.S. was 13.8%. - The state with the highest rate was Mississippi at 28.0% and the lowest state was Massachusetts at 4.5%.
• Another article on telematics which is now reaching the mainstream media: New software allows insurers to track driving habits and personalize premiums.
• The pattern is the same in every jurisdiction.  In the U.K. as auto insurers tighten up claims handling, fraudsters are moving away from just exaggerated claims to staging accidents.

Insurance News - Thursday, August 15, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, August 15, 2013:

• There are 41 U.S. states with distracted driving laws on the books. So is here adequate enforcement and are the laws making a difference?
• A study by JAMA Pediatrics has evaluated teens with ADHD who have also experienced distracted driving and it shows that they are even a greater driving risk. 
• The cost of driving is delaying teens in getting licensed. Since they tend to be high risk drivers does that work out to be a good think or bad thing?
• A Metro Vancouver project is monitoring private cellphones to track traffic jams using anonymous GPS data.
• In St. Petersburg, Florida, 60% of the city’s car thefts happened because the victims had left their keys inside.
• Data monitoring is saving some people money on their auto insurance, yet some people will end up paying more.  But didn't we always know this would happen?

Insurance News - Tuesday, August 13, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, August 13, 2013:

• According to a survey by Hanouver Insurance Group, 60% of customers of direct writers eventually return to independent agents.
• Another study has found that insurance customers are more likely than other types of consumers to switch after bad service.
• It appears as if a significant proportion of drivers is not open to the idea of user based insurance according to the company with the largest number of policyholders enrolled in its UBI program.

Insurance News - Thursday, August 22, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, August 22, 2013:

• California could be the 5th U.S. state to allow e-delivery of insurance documents. A state Senate bill would allow policy renewals to be sent electronically to policyholders’ computers, tablets and mobile devices.
• Eventually insurers will need to move beyond discounts to attract consumers to user based insurance.  After all not every driver can be given a discount once UBI becomes mainstream.
• Insurers looking for ways to stand out in terms of the kind of billing experiences they are providing policyholders using technology such as portals, websites and mobile apps. More and more consumers prefer online payment systems.
• Georgia is most expensive state to own a car and Oregon the least expensive. Although insurance costs are part of the difference, the gap is largely unrelated to car ownership but rather state taxes.
• Ontario court rules in favour of the government thereby allowing new regulations governing physiotherapy for seniors to take effect immediately.  The government claimed the existing system delivered by for-profit clinics was being abused.
• Study suggests gender differences in Post Traumatic Stress account for why women are more at risk after a motor vehicle accident.
• Finally, a Minnesota man has lost his driver's licence for driving too slow.

Want Proof of Auto Insurance

Drivers who want instant insurance proof are those people who were found driving without insurance coverage and made it mandatory for them to restore their license or registration. There is one kind of law which makes it compulsory for all drivers to carry a proof of financial responsibility which is in form of auto insurance. To make it prove that “auto insurance” is there driver needs to keep a proof card all the time along with him which maybe available at all times upon request.

It is very important for all drivers to know what kind of liability they carry as per laws. Majorly injury liability & property damage liability are the two that are required by each state. These liabilities take care of other driver’s injuries and repair costs upto the amount purchased. In many states more insurance is required such as uninsured motorist and personal injury protection coverage. Uninsured motorist liability protects the policyholder and members by making their insurance carrier to pay for damages inflicted upon them or their property by motorist without insurance. Personal injury protection gives one a type of medical coverage which is given by most auto insurance companies, which would pay on for lost wages, accident related injuries etc.

The state laws are so stringent that when a driver finds themselves in a situation involving an accident, the officer will usually request a proof of insurance in addition to driver’s license. If the driver doesn’t have proof of insurance consequences will follow. The officer may not be strict if driver is able to prove him that you have auto insurance but simply forgotten the card but driver need to pay the penalties upon knowing that driver was operating without insurance.

Another scenario where the insurance proof might be required is when you purchase a new car/vehicle without loan. The bank loaning the money for new purchase will require that the new car one purchased be covered with “full coverage” and maintains the state’s minimum requirements. These additional coverage options are there to protect the car’s cash value. The bank would like to assure that in the event the car is damaged it will be replaced or repaired in such a way that will guarantee that bank doesn’t lose money on the car. Before the bank agrees to loan out the money, the driver purchasing the car needs to show them there is already an auto insurance policy in place. The proof of insurance card will give the bank necessary information needed to show in such insurance.

Penalties:

Each state has different requirements regarding auto coverage law, so each state will also carry different penalties. Some of these include fines and the suspension of the driver’s license or suspension of the vehicle registration. Subsequent offenses will lead to more fines and jail time.

Many states, communicate with insurance companies and State Departments to ensure when policies are canceled and not renewed. In some cases, it is convincible because the policyholder might have moved out of state. In other cases, if the policyholder failed to renew the policy and didn’t start a new policy by choice, the law will ask for the reason why there is not a new policy and is likely to ask for fines.

SR-22
SR-22 is another form of proof of insurance, but is specifically assigned to drivers who are risk-prone; meanings involved in a large number of accidents, or have been caught of driving under the drugs or alcohol. This is not additional insurance for your vehicle, but a form which is filled out by insurer and sent to the State Motor Department where kept as part of your driving record. It is considered as a type of “tag” to have SR-22 to make anyone know that he/she is not compliant with laws.

Now if you want proof of insurance then you need to follow these steps and ensure that you renew your policy time and time after. Also if you are high risk prone driver then you need sr-22 tag associated with you. These steps would make you avoid the heavy fines on not been insured on caught up by the officer.

Auto Insurance Myths

Auto Insurance is a type of insurance which is required to protect your property from the losses against traffic accidents. The property includes auto, car and motor insurance.

To buy auto insurance has become a rule in various countries where car owner or driver ensures that his property is insured. This type of insurance helps one save the worries of having to find funds in case of collision or auto repairs.

In this type of insurance also people have lot of myths. Myths are a thing individuals have at any point of time for anything.

Some of basic Myths are:

When one sign ups for auto insurance, he/she should not misinterpt the word no-fault insurance. If you get into accident and have no-fault insurance it doesn’t mean that you are not at fault. But the only thing it states is that the insurance company will pay for the damages whether or not you are at fault.

People think that males under the age of 25 pay more auto insurance than any others. But actually there is no such age barrier in paying up for insurance. The fact is that teenagers and senior citizens are likely to pay more for auto insurance.

Another common myth people have is collision coverage covers one in case of theft, natural disasters and accidents involving hitting the person by other vehicle. This is not true. If one wants to be covered in case of those accidents one will need comprehensive coverage. Collision coverage covers only the damage done to individual’s vehicle. Comprehensive coverage will cover all the aspects which include theft of valuable property from vehicle.

Finally if an individual has never met an accident still he needs auto insurance because in case of any accident in future auto insurance would help. Not only this it will also help one as some states have strict laws to make auto insurance required , and so if you don’t have auto insurance you can get pulled out and have to pay a hefty fine for the same.

Insurance News - Monday, August 26, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Monday, August 26, 2013:

• Another U.S state (Illinois) allows drivers to use phones as proof of auto insurance coverage but still no initiative in Canada.
• Illinois also now has higher minimum coverage for third party liability. The new amounts are $25,000 for injury or death of one person (up from $20,000) and $50,000 for injury or death of two or more people. Still one of the lowest in terms of TPL coverage. 
• According to a LexisNexis Insurance Telematics study 36% of consumers would switch auto insurers to receive usage-based insurance discount. 
• Do people with luxury cars drive differently? Apparently they do.
• Posting on Facebook about driving drunk got a teen arrested when he bragged about hitting another car.

Tips to Help save Car Insurance

Having car insurance is important. Some of ways and tips by which one can save on car insurance are:

(1)Drive less & earn a discount: There are various schemes wherein if you drive less than 7500 miles per year, you can qualify for low-mileage discounts on auto insurance.

(2)Never use your car for business purposes: Some insurance companies do add a use business surcharge so that your annual mileage increases. But if you use your car for business make sure you inform it to agent so that daily business travel is covered.

(3)Increase your deductible: One can reduce the annual auto insurance amounts by as much as 10-15%, if deductibles are increased. But one must be remember that a larger deductible will be required to pay if an accident has been met.

(4)Keep an eye on credit report: The credit report which is one of the major factor that auto insurance companies evaluate when setting rates. Paying the bills on time will ensure to keep your auto insurance amounts lower.

(5)Drive Safely: If one has never met an accident or not broken any car violations then that person is eligible for a price break on car insurance.

(6)Buy a low-profile car: Cars are rated on risk scale basic for auto insurance. Various sports car and high performance vehicles are treated as higher risks bearing and will lead to more insurance payment as they are more risk prone to thefts. Buying low profile car will make insurance payment low.

(7)Install safety or anti theft devices: Auto Insurance companies do have a variety of discounts for anti-lock brakes, automatic seat belts and airbags. Also devices like car alarms and tracking systems may get one insurance discounts.

(8)Shop : One might feel that their current car insurance company is not best one you may take in the future. So one should research for around 30 to 45 days for options before current policy is renewed, ensuring you get the best insurance.

FSCO Lowers ROE Benchmark to 11%

When approving filed auto insurance rates from individual insurance companies FSCO has allowed a reasonable rate of return. In his 2011 Annual Report, the Auditor General of Ontario discussed the changed economic environment since 1996 when the return on equity (ROE) benchmark was last updated and recommended that it be reviewed. The Ontario Government endorsed the recommendation in the 2012 Ontario Budget.

 FSCO selected two consultants (Dr. Fred Lazar and Dr. Eli Prisman of York University) to conduct the ROE review for automobile insurance. The ROE review included consultation with stakeholders and is now complete and is posted on the FSCO website.

FSCO uses an after-tax , return on equity ( “ ROE ”) benchmark in the rate review process for rate filings by auto insurance companies in the province. The benchmark was initially established at 12.5% in 1988. In 1996 the ROE benchmark was reduced to 12%. The ROE benchmark is one of many variables used in the rate review process .

Three other provinces (Nova Scotia , New Brunswick and Newfoundland and Labrador) use an ROE benchmark ranging from 10% to 12%.

In carrying out their review of FSCO’s ROE benchmark the consultants examined various approaches and settled on the Capital Asset Pricing Model (CAPM) , which is a widely accepted methodology for estimating a company’s cost of equity capital

The consultants concluded that the current cost of capital for insurers is below FSCO’s current 12% after-tax ROE benchmark. They noted , however, that the current risk-free rate is abnormally low as the Bank of Canada deals with the aftermath of the 2008-9 economic and financial crisis and likely underestimates what the risk-free rate might be under more normal economic conditions.

Consequently, the consultants concluded that it would be inappropriate to apply the CAPM simplistically, noting that if it had been applied continuously from 1995 with appropriate risk-free rates and market risk premiums, the resulting ROE would have moved sharply from year to year, in some cases changing by more than 150 basis points. To address the volatility in the application of the CAPM model, the consultants proposed moving to a 5 or 10-year rolling average for the ROE benchmark, utilizing the CAPM results calculated in the report 

If a 10-year rolling average were used to determine the ROE benchmark, for 2013 the benchmark would be between 11.20% and 11.28%. If a 5-year rolling average were used , the benchmark for 2013 would be between 10.40% and 10.56%.

 As a result, FSCO has determined that it will now be using an 11% ROE as a benchmark for Automobile Insurance rate filings, effective immediately.

Insurance News - Saturday, August 24, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Saturday, August 24, 2013:

• A Cornell University study based on interviews of industry members suggesting that prior approval of auto rates does not benefit consumers.  Although most experts agree that promoting the affordability and availability of auto insurance are appropriate objectives for regulators, they express strong disagreement with many of the tools commonly used by regulators.
• Bad news for older truck drivers; it seems that employees age 55 or older who drive as part of their jobs are more likely to be killed in accidents than younger colleagues because of declining cognition and greater susceptibility to injury. 
• Mixed reviews on the government's strategy to reduce auto insurance rates as consumers will need to wait 2 years (or longer depending on when their policy is up for renewal) to see the full 15% reduction.
• As well, the amendments to the Automobile Insurance Rate Stabilization Act, 2003 were proclaimed in force effective August 16, 2013. 
• Driver surprised to learn her auto insurer has launched a lawsuit without her knowledge.  Her insurer has used section 24 of the Repair and Storage Liens Act to resolve a dispute over storage costs.
• Newly licensed teens often drive older vehicles short of safety features that might lessen injuries in the event of a crash.

Ontario Government Moves Forward On Its Rate Reduction Strategy

This week the amendments to the Automobile Insurance Rate Stabilization Act, 2003 (AIRSA) were proclaimed in force effective August 16, 2013. 

In addition, the government filed an Industry-Wide Rate Reduction Target Regulation which calls for an average rate reduction of 15% by August 15, 2015.  The government is also aiming to make an average 8% rate reduction by August 15, 2014. It will also expect a report in January 2014 from FSCO to show an approved rate reduction of 3% to 5%.

This was followed by FSCO releasing a bulletin that begins the process for insurers in Ontario to refile their auto insurance rates. 

Also announced today was the appointment of  Douglas Cunningham also has been appointed to lead a review of Ontario’s auto insurance dispute resolution system and make recommendations on transforming the current system.  Mr.  Cunningham is a former Associate Chief Justice of the Ontario Superior Court of Justice.

How to Buy Cheap Auto Insurance

After knowing what auto insurance is you must looking out for best quality auto insurance at affordable rates. A safe driver can get up the lowest rates around.

Some of suggestions to buy auto insurance at lowest rates are mentioned below:

Shop Around:

To find the best auto insurance at affordable rates one needs to look and shop around to see what the auto insurance companies are offering. There might be a possibility that your own auto insurance company is giving you the cheapest rates but other companies might be offering you much lower rates for same policy. So in that case you might always contact other insurance companies and ask them repeated questions you want for getting cheap rates. But this is really time consuming process. So to make it easy you can contact insurance companies which give the facility to buy auto insurance online and give various tools through which you can compare different companies’ rates and policies and ask them questions you want. According to your queries and policies you want different quotes will be provided to you on basis of which you can decide which policy and company you can go with on basis of your requirement.

Clean Up Your Driving Record:

It’s a fact that drivers with little or no traffic tickets and accidents are charged less for auto insurance than drivers having more of accidents. Auto insurance companies charge premium on basis of number of traffic accidents and chances of making your claim within a certain time period. So if a driver wants to experience low premiums he will have to take care and avoid accidents and traffic tickets as much as possible.

Drive a Modest Vehicle:

Another way to get cheap auto insurance is by changing the vehicle you drive. If a car is few years old it may cost you to insure less than brand new car because new car have more cost to incur for repairing or replacing. Finding a car that has few miles drived may help one save money especially if it has safety measures installed on it.

There are some sporty and SUV’s cars which costs more for a moderate family. Because sports and SUV’s are high risk prone for breaking laws for speeding and accident tickets. Also when an auto insurance company sees that you have a sporty car they are sure that you are going to drive fast being its sport feature they will charge more on insurance leading to high claims they will have to pay.

So if you want auto insurance do a thorough understanding of what you want, how much you can afford to spend and for that what type of vehicle you would be buying which would fit your budget and requirement. After that you do a comparison of price quotes and then buy what you want.

Limit Your Miles:

Cars that are driven less are more risky so auto insurance on these cars is less. But if a car has rode more miles there would be more wear and tear leading to more chances of accidents. This is due to the fact that the second car is more on road than the first car leading to more accidents which would involve insurance companies to pay more than for that car. As a result auto insurance companies would give it a high risk priority leading to more payment of premiums to such drivers.

It’s not easy to buy cheap auto insurance from the best companies. But if one wants to do that some of above mentioned things need to be kept in mind with safe driving in mind which would enable you to pay a low insurance premium.

Insurance News - Wednesday, September 4, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Wednesday, September 4, 2013:

• It seems all these new electronic proof of insurance laws are confusing police. What to do if the driver doesn't let an officer take their smartphone back to the squad car?
• Sprint launches technology that blocks a driver’s cell phone from sending and receiving text messages and surfing the Web.
• A New Jersey auto insurance group has released results of a study that offers some interesting new insights into the distracted driving behaviors of young New Jersey drivers.
• GM also claims that almost-driverless cars will be out by 2020.
• Europe wants to jump on the Big Brother tactics by limiting a car's top speed to the posted speed limit--no matter the driver's input.
• Another worry regarding self-driving cars - hackers find ways to hijack car computers and take control.

Dispute Resolution System Review Is Seeking Submissions From Stakeholders

On August 23, 2013 Ontario Minister of Finance Charles Sousa announced that he had appointed the Honourable J. Douglas Cunningham, former Associate Chief Justice of the Ontario Superior Court of Justice, to conduct the review of Ontario’s dispute resolution system.  

Mr. Cunningham is seeking stakeholder perspectives on the Ontario auto insurance dispute resolution system and the Ministry of Finance has posted on their website an invitation to stakeholder so make submissions.

Written submissions can be sent to the Ministry of Finance on or before September 20, 2013.

Mr. Cunningham is expected to deliver an interim report to the Minister of Finance in October 2013, and a final report in February 2014.  

How to Acquire Online Car Insurance Policy

Today more & more drivers are turning to Internet to purchase their auto insurance online. With Internet you have facility to have an online auto insurance policy. Whether you want to insure your teenager, classic, modified vehicle, or find insurance for someone with a spotted driving record you will be able to find a provider for all these policies online. It’s also easier to use comparison tool which is available to everyone with no fees. Some drivers have been provided the privilege of receiving proof of insurance immediately by printing it out on their computers.

Save Your Time:
For the user who hasn’t searched an insurance policy online, it’s really difficult to know or expect the benefits of online insurance. It’s really no easier than comparing and purchasing insurance policies over the Internet. The work to be done is also considerably reduced. Instead of asking repeated question to each insurer at online auto insurance you will be provided with a list of questions & answers would be provided that will list insurer that match your query.

What you’ll need:
For getting a free quote the minimalistic requirement is your name, age, and address and vehicle information. But social information such as security number of driver’s license is not been asked as it many users feel that it can compromise on safety of Internet.

Going Green:
Many people want to go green. So there are various Paperless insurance policies to decrease the amount of clutter found in the home office, which helps the environment with less trash. Getting online insurance policy is easy with eliminating more paper waste. You can also do an electronic signature on the forms to work paperless.

What an Online Policy Looks Like
An online car insurance policy is similar to a paper policy. It depends on the type of coverage one needs which is to be required to purchase in the policy. There is a declarations page which will show up the liability amounts purchased and additional types of coverage purchased. It also acts like a paper policy, whereby adding up of another vehicle to the policy or receiving traffic violations could increase up the premium. Almost all rules apply to online policies; only thing different is how convenient an online policy is.

How Do I Pay For It?
Getting your online policy is now easy. You only need to have your credit card. To renew your policy, you can pay online if the insurer offers a facility & ability to pay the bill. If for some reason one is not happy with the policy and wish to purchase it from someone else, one can re-do the search on the site and purchase a different policy from another company.

What Coverage Options Do I Have?
The coverage options for a policy bought online are the same as a traditional paper policy. One has liability options for bodily injury and property damage, along with expanded options like comprehensive and collision. To come with medical costs, medical payment & personal injury protection are available. All these options are decided on by the insurance company you choose.

What Policy Is Best?
The best insurance policy whether online or in paper form can be decided by the policyholder. All drivers have different needs; some need to have multiple drivers on their policy, others want multiple cars to insure. Drivers who have requirement for lots of medical coverage have different needs than those who have faultless health insurance and they don’t need the additional medical coverage in their auto insurance policy. You will need to access from being offered in your policy and you will know which policy is the best for your situation.

Having seen so many ways to get an online auto insurance you would surely find it easy to buy an auto insurance online.

Common Teen Auto Insurance Mistakes

If you have a teenager who is driving then you would feel the need to have teen auto insurance coverage for them. The most important risk is making your teen auto insurance which costs up to over $2000 on average a year.

Some of the common mistakes to avoid are:

(1) Let your kid get bad grades: A good student discount takes as much as 10-15% off the price of your car insurance policy. Some parents pay up for making their children achieve a B grade average or better discount making your children paying instead of you.

(2) Buy a new car for your child: Buy a new car for your teen would end up paying more costs for auto insurance. Instead one should find a safe, used car and save on car payments & insurance.

(3) Skip in-car driver training with your kid: Never skip-in car driving. Let that be done by driving school. No matter what a particular state is requiring, the more time you spend on car teaching to a driver the better it would be to avoid accidents.

(4) Don’t set a curfew: Always try to set a limit for the teenagers who are driving. Even if state laws don’t have it maintain a speed limit with them. Average statistics have revealed that car driving deaths dramatically increase between 9 am to 6 pm.

(5) Don’t worry about packaging car with friends & distractions: The major cause of teen drivers accidents is driver distractions from a car full of friends. This gets worse with loud music, taking pictures with a cell phone etc.

(6) Speed, drink & don’t wear seat belts: Making them realize that the speed and drink law is optional will evoke them to do so. If even once your teen driver gets a ticket restrict the access to car to him. If something serious happens then take away the license from him.

(7) Lower your deductibles or keep them the same: Keeping low deductibles will ensure that your auto insurance company would pay more in case of accidents. Raising this deductible would save a lot of insurance premium amount. Avoiding taking up collision coverage on your teen’s car can also save money. But just one need to take care of is the repairing in both cases is high, so one needs to calculate the savings before making a switch.

(8) Let your teenager drive a small, old car: If you think that buying a used up car would make your teen drive avoid accidents than you are wrong. If the old, small car is not good enough you would not even avail of safety benefits.

Insurance News - Sunday, September 1, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Sunday, September 1, 2013:

• Google’s $258 million investment in the car-hailing app company Uber made headlines last week.  Google’s interest in Uber is likely connected to their ongoing investments in driverless or autonomous cars, and it shows that the potential of this technology is much greater than is commonly realized.
• Transport Canada says deaths from distracted driving up 17% over last 5 years. News like that makes you look forward to seeing self-driving cars on the road. 
• Can smartphones prevent crashes? That's what the future may hold as Honda demonstrated a car equipped with dedicated short-range communications technology that can detect a pedestrian with a smartphone that has the same tech installed.
• U.S. Appeals Court sides with insurer in New York case where policyholder claimed optional benefit was misleading.  Policyholder thought he was getting in excess of the standard $50,000 in coverage instead of expanded coverage for other vehicles and passengers.
• Missouri is considering an uninsured motorist bill that would take away the right from uninsured drivers to sue an at-fault driver for non economic damages.
• ICBC is looking for a 4.9% rate increase for it basic auto insurance coverage but says much of the increase will be offset by rate reductions to optional coverage.

Insurance News - Thursday, August 29, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Thursday, August 29, 2013:

• The courts are turning their attention to the dangers of texting and driving. A New Jersey appeals court ruled that a person could have a legal duty to avoid texting with someone who is driving.
•  Only five remaining U.S. states have no prohibition whatsoever on texting while driving.
• Auto insurers shouldn't just focus on claims fraud.  The latest trend in the U.S. is underwriting fraud by applicants who conceal or misrepresent information.
• Insurers love to insurer safe drivers.  So what is the safest city in America to drive in? Fort Collins, Colorado according to Allstate claims data. 
• Get ready to hand over control over the steering wheel because Nissan is planning to introduce their first self-driving cars by 2020.
• FSCO officially eliminated their mediation backlog as of August 19th but now they will have to focus on a build up of arbitration applications.

How Much Auto Insurance Coverage One Needs

How much auto insurance one really needs depends on ones benefits and capability. When any agent contacts you ,you must be wondering them saying you need more realizing that you actually don’t need much of insurance or maybe you must be wondering they want to take out their commission money from you.

Here in this section a brief about various companies auto coverage has been mentioned which would give an insight when it would benefit the policyholder. Some of the coverage’s mentioned below are:

Property Damage & Bodily Injury Liability: These options are not optional but are required by laws in many states. Each state requires minimum of this to be carried out along with them. Both property damage & bodily injury are required to provide one a way to put for any physical damage one requires for a person or property. This also pays for medical bills to amount purchased together. The property damage feature will allow the companies to pay up for damage that an individual does to anyone else’s property or to you done by anyone else. This coverage is ideal for one who is meeting a minor accident and meets up damaging their own car.

Comprehsive & Collision: This protection will cover damages done to the insured vehicle. Damages done to your vehicle from a baseball, wind or anything would be paid by insurance company. If in case your vehicle is lost the replacement of vehicle will also be done to insured cash amount. This protection is not asked by any state but required if one has an auto loan or are leasing their own vehicle. The loan and lease owners demand that one has this coverage plans in policy so that the vehicle will be taken care of properly.

Personal Injury Protection: This is required when any of the states follow a no-fault law. It is similar to health insurance coverage wherein the insurance companies pay up for medical bills, including passenger bills till the amount you have purchased. Drivers who use car pool facility will want this type of facility as these will require them decrease the chances of person suing them. This type of protection plans can be used in conjunction with a health insurance plan which pays up for the lost wages when healing from accident wounds.

Medical Payment: This is similar to Personal Injury Protection but would cover only medical bills and not lost wages, or any other lost cost. It can be used similar to health insurance plan.

How to Combine the Best Results: The best ways to figure out what your needs are would be to imagine yourself as a member going through the experience of an accident. It may feel important to know for sure which coverage possible is. You would not like to discover any coverage which is missing when you need it and to be late for purchasing it.

Accidents sometimes involve damaging another person’s property and include damage done to both parties. This would inflict minor injuries to both parties one driver could walk away from the accident place without even a scratch whereas other would be taken to hospital with lot of bodily injury. Take these points into mind while considering whether to carry out certain coverage’s. One must also take note that how much money they can set aside for emergencies. If don’t have sufficient money then more such insurance needs to be taken care of for preventing out-of-pocket expenses.

Auto Insurance for Risk Prone Drivers

Drivers who are very much worried with their faulty driving and feel that they won’t get any insurance must know that there are companies which provide them insurance with their vehicle. These drivers called as high risk drivers in auto insurance world end up paying expensive premiums for their policies compared to others.

Some of the basic questions which are applicable to driver who are looking for assistance in lowering high risk drivers insurance are as follows:

Who is considered High Risk: A high risk driver is one who is new to driving, or a driver who has shown lack of safe driving by receiving large number of traffic violations in a short period of time. Senior citizens are not at a high risk because they don’t cause many fatal accidents.

Drivers found drunk driving are instantly categorized as a high risk driver with no warning. Many people who drive drunk once will do it again, and so the insurers aim to prevent it by giving them a drastic punishment.

All automobile insurance companies assign drivers with a level of risk, on the basics of their driving record. If a driver is having a past history of involvement in an accident coupled with fast car driving then that person is having a potential to be involved in another accident and will be given a higher risk level.

Another group of people who are suitable in the high risk category are people who stay in areas that are considered dangerous. These areas are ones where cars are generally stolen, or are involved in more accidents than elsewhere.

What Is Assigned Risk Program:

Drivers of every state are required to have an automobile insurance policy.

Many drivers, because of their high risk status, don’t get insurance because they are denied by many companies.

The assigned risk program is when the government will assign the driver a company which would provide driver with auto insurance. The insurance premium amount is decided by state government or by the insurance company.

The best way to get insurance to high risk drivers is by applying for coverage. After that the agent will make the concerned driver fill a form, which would be applying for high risk insurance, and then sent to the state for approval. If one is having troubles finding a company which will insure an individual, one can ask the state for a list of high risk providers.

Auto insurance companies have the right to deny the provider, their services to which they feel would be expensive to make them insure. Generally insurers make their money when customers pay the premiums but don’t file any claims, leading to insurer making the money.

What are some ways to lower Risk Level:

Once a driver is placed in a high risk level category, it is hard to get out of it. Drivers can make an effort to drive safely and try to clean up their driving record. There isn’t much one can do about erasing past tickets and accidents, what one can do at the best is avoid getting any such tickets in the future.

To avoid accidents one should eliminate driving as much as possible and take the bus, cab. Any tickets recently received by a driver should be taken care of by taking the proper education classes to prevent any accidents in future.

Even if you are a high risk driver, you should still be able to compare rates to find out which company will be providing you the lowest price. While this may not be feasible, but you too can save some money by shopping and taking advantage of discounted prices.

Insurance News - Saturday, September 7, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Saturday, September 7, 2013:

• The 2014 Honda Odyssey is the first minivan to receive the top safety pick designation from the Insurance Institute for Highway Safety. 
• If insurers guarantee drivers’ premiums would not rise, 89% of U.S. drivers open to UBI. In the problem is that in the long-term the promise of no premium increases is not sustainable.
• It seems an Iowa woman had a blood alcohol content of .341. Is that even possible?
• Audi plans to unveil mobile app that automatically finds a vacant parking spot, sans driver.
• Self-driving cars: Have we really thought this through?
• Self-driving cars face roadblocks - HTA requires licensed drivers, who is at fault when 2 self-driving cars collide...
•  If you've been wondering what it takes to make a self-driving car...

Factors Affecting Your Car Insurance Premiums

There are various factors which affects a car insurance premium.

Some basic factors which would lead to increase or decrease in your car insurance premiums are as follows:

Driver’s age: The age of driver plays a very important role in deciding how much premium one has to pay. If there is a young driver and inexperienced he would be charged with a heavy premium. If on the other hand there is an experienced driver having very less penalties then he would be paying up a very low rate of premium.

Driver’s gender: Men are more prone and riskier drivers compared to female peers. As a result of which men or anybody who is at a high risk would be charged more of insurance premium, because this drivers tend to have more accidents. The more the accidents the more the insurer will have to pay. So to avoid company loosing out all money the insurer makes the more risky driver pay a higher premium.

Driver’s marital status: This may sound very biased but is true. The married drivers tend to pay less insurance then the unmarried ones. This is found from a fact that married people have some-one to look after them because of which they take care while driving especially when with their spouse. Also the major benefit this people have is they get special discounts on multiple drivers in same policy compared to unmarried ones.

Driver’s driving history: This factor is a very important in determining rates. Providers can tell a lot about how a driver operates a vehicle by checking out their driving history. The number of accidents and tickets present let one know how much safe or unsafe a driver is while driving on road. If found to be unsafe would be taken a high auto insurance premium, else low rates would be there by insurer.

Driver’s residential address: The location of driver’s home is important because it reflects how much crime rate is there in the city. If an individual belong to city where there is a high crime rate there are more chances of accident and theft. To offset the multiple claims being paid the insurance company will increase the premiums for drivers who would stay in a city where crime rates are high.

Vehicles info: The model and make of the car is very essential in determining the insurance premium amounts. If a car has higher cash value it becomes very expensive to insure it. The cash value of cars decline as they get older and becomes less expensive to insure. So if a car is new and expensive then the insurance premium on it would also be high. If a car is old one less insurance premium would be required to pay for it.

Usage of vehicle: The usage of vehicle also determines its premium. Say for example if a car is being used just as a means of transportation form home to school the insurer knows that car will be driven often and will lead to chances of it being involved in an accident more, making insurance premium payment higher. But if a car is used for leisure purposes then there are less chances of it being involved in an accident. Again the higher the risk involvement in a traffic collision higher the premium costs would be.

Annual Mileage: The annual mileage of car is also an important parameter in determining how much insurance premium one needs to pay. The mileage of driver can be figured out when the driver gets an average of the number of miles he or she has driven the car in a specific frame of year. The mileage coupled with usage gives insurer an idea the level of risk of involvement in an accident.

Type of coverage purchased: The amount of coverage a driver purchases and types of coverage purchased greatly affects driver’s rates. A driver getting insurance must make it mandatory that he carries state’s minimum requirements which will definitely reduce the chances of increasing the insurance premium. It’s very essential to figure out whether or not the policyholder is benefited from medical payments and other payments, which are not required in all states. The least amount of coverage purchased will get a cheap rate.

Taking advantage of such discounts offered by the insurer will help keep rates down.

Insurance News - Wednesday, September 18, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Wednesday, September 18, 2013:

• Allstate says Usage-Based Insurance is delivering savings to 7 out of 10 drivers.  I just wonder  how long can insurers promise no increase to higher risk drivers? 
• To enjoy driverless cars, first kill all the lawyers. Don't shoot the messenger but will liability concerns slow down the introduction of this new technology?
• Michigan establishes task force to combat fraudulent use of auto insurance cards which is estimated to be at over 16%.
• Former clinic owner pleads guilty to posing as doctor and treating patients.  Licensing health care clinics will address this type of fraud.
• Fraud can come from just about anywhere in the system. A Florida insurance company employee has been convicted of fraud for diverting claims payments for her own personal use.

Insurance News - Saturday, September 14, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Saturday, September 14, 2013:

• Michigan Bill would remove requirement to purchase medical coverage for senior drivers with Medicare.
• One-third of Canadian and U.S. insurers feel inadequately protect from fraud according to FICO survey.
• Nokia a rival of Google is teaming up with Mercedes-Benz to also develop a self-driving car.  Along with Nissan,Audi and Toyota the race is on to be the first out with a robotic car.
• Speaking of driverless cars, will businesses consider a robot instead of hiring a delivery person? 
• The Saskatchewan privacy commissioner says SGI collects too information. The insurer disagrees.
• The strange tale of an Uber car crash and what it means for the future of ride-sharing and auto insurance.
• New Jersey has proposed legislation to allow police to check cellphones for texts without warrants after an accident.

Tips for Buying Commercial Auto Insurance

When any business makes use of vehicle for business purposes it needs to have commercial auto insurance. Personal auto insurance don’t give that much coverage which is required for vehicles which are in commercial usage. Commercial auto insurance would give coverage to those vehicles which are non-owned and rented and these have liability limits which are more than personal auto insurance policies.

So before buying a commercial auto insurance one needs to gather and provide information on type and no of vehicles , make and model of vehicle, year of make etc. So various tips have been mentioned below which would help one to get a proper commercial auto insurance are:

• One needs to make a comparison for commercial auto insurance policy offline & online.
• One should understand the policy terms and its print clearly.
• Get safety devices installed on vehicles to reduce insurance costs.
• To check that all drivers have a good driving record and drivers should take defensive driving courses as made by state laws and insurance companies.
• Make sure to park vehicles covered by commercial auto insurance in indoor or outdoor secure parking lots.
• Try and decrease commercial auto insurance premiums by considering various aspects like higher deductibles and higher liability limits.
• Ensure that all vehicles are listed in the policy and the maintenance of vehicles is taken care of.
• Included in auto insurance coverage are permanently attached items like winches, storage units or generators.

To ensure that you buy a good commercial auto insurance policy you need to check the policy coverage documentation. Also one can ask the insurance company to make you available for any discounts one can give on group purchases. Also read the document carefully so that the insurance policy coverage doesn’t overlap. Also try to get multiple quotes before buying an insurance policy online with various tools available and then compare products.

Insurance News - Tuesday, September 10, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, September 10, 2013:

• Sure lower liability limits will save drivers money but only until you have an accident, read this story.
• Do telematics devices really save consumers money? 
• Drivers with a past accident are 88% more likely to have another accident in the future.
• Google's self-driving cars are going to create new liability quandaries - may need to rewrite Ontario's Fault Determination Rules.
• A.M. Best Special Report: Despite Challenges, Canadian Insurance Industry Remains Profitable.
• Women behind the wheel behave almost as badly as me. 
• Queens Park returned for the fall session on Monday and auto insurance rates sure to be one of the issues to dominate.
• In fact on day 1, Ontario NDP calls for quicker action on reducing auto insurance rates but it doesn't appear the government is at risk of being brought down.

Auto Static

There is no escaping talk of telematics these days and what that may mean for automobile insurance. But will telematics put an end to age and gender discrimination?

Telematics has been one of the most talked about issues within the automobile insurance sector over the past several years. Recently Desjardins General Insurance Group launched Ajusto, the first widely available automobile insurance program in Ontario that offers savings to drivers centered on usage-based insurance (UBI) technology. This is ground-breaking territory in Canada despite the fact that pay-as-you-drive insurance has been available in the United States and Europe for some time.

Automotive telematics refers to the technology that uses hardware and software applications with remote communication devices, such as cellphones, GPS and wireless devices, to obtain information about vehicles. Automotive telematics has been in use, mostly in high-end vehicles, for quite some time. But today newer technologies are helping unfold many opportunities for all stakeholders, and more importantly, in emerging economies.

Telematics enables vehicle owners or customers to constantly be in touch with service providers through incorporated software and hardware in their vehicles. In turn, service providers, too, can offer a host of new services based on their customers' preferences.

Also, data sent remotely from a vehicle allows stakeholders such as automakers, dealers, fleet managers and insurance providers to build better customer-relationship strategies.

There have been tomes written on the benefits of telematics and UBI, including lowering premiums for good drivers¸ reducing traffic congestion, allowing parents to monitor teenage drivers and combating auto insurance fraud.

What we have not heard much about is that UBI will allow insurers to begin to move away from historical rating criteria such as age and gender, both of which have been contentious over the years.

HISTORY LESSON

In 1983, Michael Bates alleged that he was discriminated against because Zurich Insurance charged him higher premiums for his automobile insurance than a young, single, female driver with the same driving record or than drivers over age 25. Bates alleged that the rate classification system discriminated by grouping drivers by age, sex and marital status and determining their premiums based on these factors.

Moving forward to 1992, a majority ruling by the Supreme Court of Canada found that Zurich did not discriminate against Bates contrary to the Ontario's Human Rights Code by charging him higher premiums for automobile insurance because of his age, sex and marital status.

The high court reasoned that charging higher premiums to young, unmarried, male drivers was discriminatory and contravenes the Human Rights Code. However, section 21 of the code permits discrimination in automobile insurance because of age, sex, marital status, family status or handicap, and the court determined statistical evidence showed that young, male drivers are involved in proportionately more - and more serious - accidents than other drivers.

The insurance industry, however, was not totally absolved by the Supreme Court ruling. The high court encouraged the industry to begin looking more closely at non-discriminatory alternatives in rate-setting in the automobile insurance industry. It ruled that the insurance industry could continue to use discriminatory criteria such as age and marital status as a bona fide means of assessing risk, but that the industry could not do so indefinitely.

To a certain extent, insurers have used the Bates v. Zurich decision as a green light to base automobile insurance premiums on age, sex, marital status and other socioeconomic factors where statistical evidence supports higher rates. It may be a matter of time before there is another court challenge.

However, the next time it would be difficult to defend the existing practices now that non-discriminatory alternatives actually exist.

CLEAR TREND

The move away from rating based on age, sex and marital status has already begun. It is prohibited to use gender in considering rates for automobile insurance in five provinces, with Alberta only allowing its use for private policies, not through the government-mandated scheme. Ontario, with the largest share of the privately delivered automobile insurance market in Canada, still uses age, sex and marital status in determining premiums.

In the U.S., California recently joined 11 other states that prohibit gender rating in the individual health insurance market. Consumer groups south of the border have been battling insurance regulators to prohibit or restrict non-driving factors in setting automobile insurance premiums. As it stands, insurers have been able to maintain the status quo while developing UBI programs that provide an alternative.

The European Union recently outlawed gender-based insurance premiums. The European Court of Justice's ruling, which follows a 10-year legal battle against the proposals by insurers, will put an end to women getting better deals on car insurance.

The ruling has increased pressure on the industry to adopt better discriminating factors, like those available through telematics.

THE HOME FRONT

It is not just rating based on age, sex and marital status that is under the microscope, but other socioeconomic factors like credit scoring as well. Ontario, Alberta and Newfoundland and Labrador have banned the use of credit scoring in auto insurance as a result of pressure from politicians. Politicians, supported by insurance brokers, have begun to turn their attention to the home insurance market, where the use of credit information is also used.

The Office of the Privacy Commissioner of Canada recently released a report stating it did not object to the use of credit information for purposes of assessing insurance risk. It was noted section 8 of Ontario's Consumer Reporting Act confirms that credit information may be disclosed for the purpose of underwriting insurance. However, the commissioner also noted there is no obvious link between credit information and insurance premiums - and little transparency in the use of credit information.

So while the use of age, sex and marital status, as well as other socioeconomic factors, in rating drivers has been upheld by courts and tribunals, their continued use attracts criticism and, in some cases, legislative action.

Although UBI is still not available to many drivers, insurers who are considering moving towards UBI ensures that predictive criteria continue to be available as governments prohibit or restrict traditional criteria. In Canada, automobile insurers are keeping a close watch on developments at Desjardins.

How to Find Commercial Auto Insurance Needs

Auto Insurance coverage is a always required by a driver. Be it a personal auto insurance or coverage policy you know that you need it but you always get confused to know what you need .So before buying a commercial auto insurance policy, it is important to understand what you would be getting for your money and want you don’t need to buy. There are various factors which would determine need for commercial auto insurance. Some of which have been mentioned:

• Find out who would be using commercial vehicles for and what your vehicle will be used. If you are the driver then the need for auto insurance would be different than if you have a employer who would be driving because it would be required for him also to get insured.
• Discuss the current policy with insurance agent and see what suggestions are recommended by him. If one is converting a personal use policy into commercial one there would be only a small amount of change to do that. If the commercial auto insurance coverage is different than you would be requiring a different bit of learning and one must understand that different types of coverage that are available.
• How the policy will handle you may depend on the basis of different types of vehicles used which include autos, pickups, vans and trucks which includes non-owned and rented vehicles.
• One must also find out the types of coverage which one need which would depend on the way vehicles are used. Often a commercial auto insurance policy has much higher liability limits but has no coverage in areas where there is no commercial risk involved.
• Review the coverage that insurance agent might recommend and use that information to compare rates. It is actually a very good idea to get multiple quotes from many companies which would ensure that you get the best coverage at the best rates. Asking a variety of agents and companies may help one clarify what one needs.
• One must always upgrade the commercial auto insurance policies. Doing research this way will help one to get the right policy which will help one get relaxed and get one with the running business.

Things to Know Before Filing an Commercial Auto Insurance Claim

As you know commercial auto insurance is for people who use their vehicle for business or commercial purposes. Sometimes in case of an accident one needs to work in lines of business for which the policy was written. There are few exceptions but generally the claim process is simple. The various steps on how to fill a claim for commercial auto insurance are:

The preliminary instructions for filing commercial auto insurance claim include:

(1)Get the name of other drivers or say witnesses who were there at accident scene. Ask them about their insurance information and contact numbers.

(2)File a police report to claim for the accident.

(3)Take a picture of the location where the accident had happened along with the damage that had been done.

After this procedure is done you can claim for commercial auto insurance by following this step:

(1) Check whether the problem, driver and vehicle are covered under your insurance policy. To ensure the same one has to read the “coverage” and “exclusion” section thoroughly.

(2) Visit the insurance company’s website because many companies have a button or link which would lead to claim filing process. If online facility is not available one needs to call up and take the help for filing up of auto insurance. Before filing a claim one always needs to have policy number, driver’s license, employer’s information and vehicle registration available with them.

(3) Make your insurance agent notify for the insurer. The state laws require insurance companies to respond to such situations within a certain amount of time, so if you file claim early you will get back coverage early. One also needs to describe the events which have taken place and keep records of contact with insurance companies.

(4) Make the insurance company’s representative know the details when he arrives to view the damage to vehicle. A file with the insurance company has been established for your damage but still you need to check that the representative that comes along has all the information up to date. The representative will want to examine the vehicle and possibly the site so for that you will have to co-operate with him and explain the details.

(5) Check that you maintain good records and keep all that records and file in the safe place.

Insurance News - Tuesday, September 17, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, September 17, 2013:

• So there is a new term now for distracted walking, 'wexters’ and they are a hazard for drivers when they step off the curb.
• A Google Street View car in Indonesia was involved in collision after the company boasted that the vehicles had driven 200,000 accident-free miles.
• Does customer loyalty drive auto insurance rates up because they are reluctant to shop around?
• Pay As You Drive programs can be used to accurately infer your destination, a long-time concern of privacy advocates.  Is the public properly protected?
• California is considering regulating rideshare programs and proposing that drivers carry some form of commercial auto insurance coverage.

Reasons to Get Commercial Auto Insurance

Commercial auto insurance as the name suggests provides security of vehicle owned by you for business purposes. The commercial auto insurance gives one coverage for bodily injury and liability. The vehicles which are used for commercial purposes include trucks, car, buses, van and trailers.

There are different types of coverage available for commercial vehicle insurance. Some of which are mentioned below:

Business Coverage: This type of insurance is provided for personal travelers and commercial vehicles who are getting involved in any businesses. In this type of business coverage cargo companies, auto dealers and auto services companies are not allowed to go for business coverage.

Primary/Personal Coverage: In commercial auto insurance primary coverage is included which gives one legal responsibility and cost of protection. This coverage provides protection from injury but it different from personal auto policy.

Comprehensive/Collision Coverage: Comprehensive and collision coverage includes the repair, restore and compensation of the totaled auto.

Garage Coverage: The dealers for auto’s are not covered into business coverage but they get chance to make them insured under the garage insurance coverage. This coverage includes liability coverage and insurance for garage keepers

Trucker’s Coverage: The insurance company provides truck's coverage to the truck owners, because as per motor act truck owners are required to arrange for any financial requirement in case of loss of the truck. Under this coverage the basic coverage includes bodily injury and trailer replacement insurance.

The auto insurance whether personal or business is required to have coverage due to security flaws in the system. Looking into this many insurance companies along with state agencies have made it mandatory for drivers to have insurance coverage.

Make Safe Your Journey Through Short Term Car Insurance

If you plan to drive along a place, you can avail of short term car insurance. This type of insurance policy enables one to cover vehicle drivers.

One can insure the vehicle and permit others to drive them. Many times such a situation arises that you are yourself not able to drive. Or there may be a situation where you need to drive an extra auto for a short period of time. This kind of coverage can supply from 1-28 days. These types of categories are extremely useful if one is test driving a car, borrowing a friend’s van.

Short term policies can be the answer to those who are expecting to be placing themselves on somebody else priority. The cover also enables you to add a friend or relative to your insurance company for a transient period. One can also set up a policy if you need to drive someone else’s car for a day or so. The short term insurance coverage plans details can be found out by looking out for all the plans online.

This type of insurance coverage is being extended for a few days or weeks, which makes it very much cheap for a vehicle driver. One need not pay a very big amount of money on buying premiums for such a type of insurance. This type of insurance is extremely helpful for people who want to buy an automobile from a friend or colleague for a few days.

So this type of insurance is very much beneficial for people who want to hire or buy a auto vehicle from a mate for a few days.