The word "deductible" is used frequently in the auto insurance industry. A deductible is the dollar amount you must pay before your auto insurance policy pays for any damages your vehicle endured during an accident. If you are about to purchase a new auto insurance policy, you might wonder how much you should pay for your deductible.
Here are a few helpful tips for selecting the right car insurance deductible.
A rideshare profession involves transporting customers to destinations within a service area. Many arranged transport services supply their drivers with increased automotive coverage during the times that they are actively driving to pick up an individual or transporting a client to a pre-scheduled destination.
Your Responsibilities As A Driver
If you are considering working for a rideshare company, the make and model of your vehicle and proof of personal insurance coverage must be furnished during the application process.
The process of purchasing a first home can be a draining experience for buyers, especially when tasked with reading and understanding all the documents required during the purchase and closing process. Since the selection of the home insurance coverage often takes place just before closing when the level of buyer fatigue is highest, the policy documents are often skimmed over, instead of carefully studied.
Buyers who admit to knowing little about home insurance in general, as well as the details of their coverage, can use the following information to become more informed.
While you might have purchased your homeowner's insurance policy understanding that it won't provide coverage for everything that could go wrong on your property, you might be confused about whether or not your policy provides coverage for animals who either live in your home or live on your property. In reality, your insurance may or may not provide coverage for your animals. Your insurance carrier's underwriting department will first have to perform an investigation.
When you buy auto insurance, you typically pay a fixed premium by the month or for a certain number of months. Some new auto insurance policies allow you to pay by the number of miles you drive instead. How does it work, and is it something you should consider?
What is Pay-Per-Mile Auto Insurance?
Pay-per-mile auto insurance is exactly what it sounds like. Instead of having a fixed rate, you pay based on how many miles you drive during the billing period, just like how your electric or water bills work.