Posts tagged "Bodily Injury"

Home insurance – does it protect you if you get sued by killing someone in your car?

Lets say you kill the neighbors kid by running him over.
The family decides to sue you for 3 million.
Your car only carries 100,000 in liability.

The family decides to sue you and try to get your house.
home insurance is just 100K if someone gets hurt in your property.
Not sure if that would even apply.
Can they take your house?
Pretend its a million dollar house and its paid off.
My goodness – thank you!!!!!!!

Auto insurance covers you for liability you incur from an Auto accident. homeowners insurance covers you for liability you incur from activities for just about anything you do outside of your car. There is actually an Auto exclusion as part of your Homeowners. It covers you for slip and falls in and around your home, if you drive a golf ball into another golfer, if you run somebody over while skiing, etc. An umbrella policy covers you for everything you might do and pays excess of the limits you carry on your Homeowners and Auto policy. If you are concerned about being sued for so much and having your home taken away or your wages garnished you should increase your limits on your Homeowners, Auto and buy an umbrella policy. I carry $250,000 per person $500,000 per accident for bodily injury and $100,000 for property damage on my Auto. I carry $300,000 combined single limit (both bodily injury and property damage) on my Homeowners. And carry a personal umbrella for $2,000,000 which I’m thinking about increasing to $3,000,000 or $4,000,000.

Homeowners Insurance, Melbourne, Florida – Liability Coverage E, Section 2

homeowners insurance, Melbourne, Florida – Liability Coverage E, Section 2
Insurance Center of Central Florida

http://www.theinsurancecenter.us/

Liability, Coverage E, Section 2, Non-Tangible Property, Bodily Injury pays injured party’s medical bills, loss wages, pain and suffering, etc. Log-on to www.TheInsuranceCenter.us for details or call us at 800-659-0986.

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How to Choose an Insurance Company

Insurance is sold through four main channels in Canada.

Brokers- selling products of different insurance companies.

Agents- selling only the products of one insurance company.

Direct sellers- generally selling only the products of a particular company via telephone from call centres.

Group plans- sold either through the people above or through the workplace, alumni association, professional association, or other group affiliations.

If you want auto insurance, coverage for your home, condo or your belongings in a rental unit, or travel insurance, you will need a product (as they call insurance policies) from one of the approximately 213 private Property and Casualty (P & C) or general insurance companies. If you want life or health coverage, you will need a product from one of the about-100 Life companies. There are compulsory auto insurance plans, run by government, in British Columbia, Manitoba and Saskatchewan and, in Quebec, bodily injury in auto accidents is provided by the government insurer.

When you first set out to buy insurance, take a close look at your needs. For instance, consider your liability. If you drive a car or own a home, liability insurance will protect you for the liability you have for causing injury or death to other people or damage to their property. Consider your losses if you become sick or die; health and life insurance can protect you and your family against some of these losses. Be careful when considering coverage. For instance, except for Manitoba and Saskatchewan,insurance against damage to a vehicle is available on a voluntary basis. If this insurance is not purchased and the vehicle driver is totally at fault in an accident, there will be no recovery at all for vehicle damage.

Insurance companies are registered with and supervised by the federal or provincial governments regardless of whether they are foreign-owned, part of big conglomerates or mutual and stock companies.

Generally, insurance companies use the same basic policies for auto insurance, since this area is regulated by government, so you will have to look at the details of service and products to see which company might provide you with the best service and options for your vehicles. There are a number of options in home insurance among companies.

Ask friends and relatives about their insurers. Were claims paid promptly without a great deal of red tape? Were insurers capable of dealing with a number of claims during catastrophes like the Great Ice Storm or major power outages or floods? Did insurers offer a range of plans customized to the clients specific needs. Of course, premiums for insurance coverage vary greatly among a number of insurers. No matter what you hear, premiums for auto insurance, in particular, vary by insurer, sometimes by very large amounts. And when one insurer will not touch a prospective customer, another company will accept the client with open arms. It all depends on what an individual insurance company feels is an acceptable risk at the premium price.

There are insurers who will take on unusual risks. For instance, there are insurers who will cover pets including what could be very expensive veterinarian bills.

Dale Goldhawk
http://www.articlesbase.com/non-fiction-articles/how-to-choose-an-insurance-company-107671.html

Low Cost Homeowners Insurance – How to Get the Best Rate

Looking for low cost homeowners insurance? Want to get the best rate with a top-rated company? Here’s how …

How much homeowners insurance do I need?

You need enough homeowners insurance to cover the cost of rebuilding your home if it’s destroyed. You can determine this cost by calling a builder or a real estate agent to get the local building cost per square foot. Multiply this figure by your home’s square footage to get the amount of structural coverage you need.

In addition to structural coverage you need insurance to replace your personal possessions if they’re damaged or stolen. Most homeowners policies give you coverage for your personal possessions equal to 50% to 70% of the amount of your structural coverage. If your possessions are worth more than that you can ask your insurance agent to add more coverage.

You also need enough insurance to pay for a bodily injury or a property damage lawsuit when you’re found to be at fault. Most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. But due to the rise in personal injury lawsuits, purchasing at least $300,000 to $500,000 gives you better protection.

Lastly, you need insurance to pay for your living expenses if your home becomes uninhabitable due to a fire, storm, or other disasters. Most policies cover you for an amount equal to 20% of your structural coverage.

Where can I get the best rate with a reliable company?

Because homeowners insurance can vary by $1,000 or more from one company to the next, the first thing you need to do is to comparison shop.

There are insurance comparison websites that give you homeowners insurance quotes from a number of A-rated companies. Get at least three quotes then compare them to get the best one.

Some of these sites even offer a free online chat service and a toll-free telephone service so you can get answers to any insurance questions you may have. (See link below.)

To reduce the cost of your homeowners insurance you can raise your deductible. This is the amount you have to pay before your insurance company will pay a claim. The higher your deductible, the lower your insurance premiums.

Also, ask you agent for every discount you’re entitled to. Most companies give discounts for having both your car and your homeowners insurance with them, for having safety and security features installed in your home, and for a number of other reasons.

Visit http://www.LowerRateQuotes.com/homeowners-insurance.html or click on the following link to get low cost homeowners insurance quotes from top-rated insurance companies and see how much you can save. You can get more insurance tips in their Articles section.

ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/low-cost-homeowners-insurance-how-to-get-the-best-rate-160208.html