When you have auto insurance, one of the elements of your coverage that you have control over is the amount of your deductible. Your deductible is what you have to pay before your insurance company will step in and cover the rest of the damage to your vehicle. Deductibles apply to both your comprehensive and collision coverage.
You can go with a lower deductible, or you can opt for a higher deductible. Generally, if you go with a lower deductible, the cost of your premium will increase, and if you go with a higher deductible, the cost of your premium will decrease.
The steps you take after a natural disaster strikes and totals your car determine how soon the auto insurer settles your claim. In addition to following your insurer's procedure for making claims, other tips that can speed up the process. Here are four such tips.
Document Your Case
The first tip is to document your case so well that everybody can easily see what happened to your car. Your insurer is likely to be swamped with claim applications after a natural disaster.
If you're over a healthy BMI, you may see higher insurance rates. The companies shouldn't increase them, but you're viewed as a higher risk. Here's a look at why insurance rates put your premiums up for being overweight, but really why they shouldn't.
Show Poor Health
Being overweight, even by a tiny bit, shows that you're more at risk of a poorer quality of health. Insurance companies think you will die sooner due to complications linked to obesity and will increase your premiums to counter this risk.
You knew by law you need at least liability coverage in your auto insurance policy, but you chose to drive without it. The question is—what happens if you happen to be in an auto accident while driving without insurance. Truthfully, it depends on what state you live in and who caused the accident. If you make a habit of driving without insurance, it is certainly worth taking the time to learn more.
Have you been advised to get critical illness insurance? It may have been suggested by a friend or financial advisor, and now you're wondering if it really is worth the money. Everyone wants to keep their monthly outgoings down, but there are certain areas not to scrimp. Is critical illness insurance something you should consider? Here are factors to think about to help you decide.
Are You Self Employed?
If something happens to you that means you can't work, what are you going to do?