Is Your Car Insurance Policy Protecting All Of Your Assets?
Copyright 2006 Barry Brenner
Do you own a home? Are you in the process of buying a home? Do you hope to one day own a home? Do you own any assets other than property? Like stocks, bonds, CD's, mutual funds, or have a savings account? Do you own any assets that can be traced through an asset search?
If you answered yes to owning any of the above-mentioned assets, then you need to understand how to protect those assets in the event you cause an
automobile accident, or someone driving your vehicle is at fault in an accident. Your bodily injury and property damage coverages are the coverages on your auto insurance policy that financially protect you if you are at fault in an automobile accident.
If you are determined at fault in an accident and do not have adequate liability coverage, that is enough to cover the injuries and damages to the other party, and you are sued by the other party's insurance company, the court could order you to pay the amount that exceeds your limit of Liability coverage.
You would, then, have to dip into your personal assets to cover the amount ordered paid by the court. The court could place a lien on your home and other assets if the other party's insurance company requested it. Even if you don't own any assets, but you have a career and a steady job, you could have a judgment placed on your credit report. This could affect your ability to borrow money for up to seven years.
Therefore, if you own a home, bank accounts, stocks, mutual funds or have a reasonably well paying job and career, you should buy more Liability coverage than the minimums required by law.
Anyone in this position should have a minimum amount of liability coverage on their auto insurance policy to protect those assets.
Most companies recommend bodily injury liability of $100,000.00 per person, $300,000.00 per accident, and property damage liability of $100,000.00 per accident.
Keep in mind the cost of medical and hospital treatment today as well as the cost of any new luxury vehicle. The minimum liability standards for most states were selected years ago and are seriously outdated. How many cars driving on the highways today cost more than fifty thousand dollars? Lots!
Umbrella policies are also available in one million dollar increments to give you additional liability protection if you are ever involved in an at-fault accident. These policies are usually very cost effective. Your auto or homeowners insurance carrier should be able to quote you on this type of policy.
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How To Select Your Next Clutch Kit
Buying replacement parts for your car can be as simple as driving over to the local parts store and seeing what they have on hand. If the item you want is out of stock, it is likely the store can order the part for you and get it to you as soon as it is shipped in. The more specialized the part, however, the longer it will take to get it to you. If it is a clutch kit you need and your car is already sidelined, waiting can be a huge burden on you. Let's look at what a clutch kit contains and the best way for you to purchase one quickly, at a price that is reasonable.All clutch kits include the following items:
Of course, your Honda...
How To Select Your Next Clutch Kit
Auto insurance > How To Select Your Next Clutch Kit
Lorman Education Services Presents "Goodbye Medical Savings Accounts, Hello Health Savings Accounts, Health" Seminar on Nov. 15, 2005
(ContentDesk) September 21, 2005 -- The seminar will compare and contrast not only FSAs (Flexible Spending Accounts) but two other plans, HRAs (Health Reimbursement Accounts) and HSAs (Health Savings Accounts). The seminar will concentrate on WHICH plans to use, WHEN you would use them, and WHY you would use one plan and not the other.Hope Crawford graduated cum laude from Rollins College and then began her career in the employee benefits industry in 1996. She first worked for a Central Florida independent insurance agency where she managed over 50 clients for the vice president of the employee benefits department. Three years later, Ms. Crawford became an account executive with another independent agency and began to develop her own client base while continuing to service and oversee the renewal process for existing agency businesses.
Today, she concentrates on the marketing and sales of group benefits for Hugh Cotton Insurance, Inc., an agency with over 50 years of experience...
Lorman Education Services Presents "Goodbye Medical Savings Accounts, Hello Health Savings Accounts, Health" Seminar on Nov. 15, 2005
Auto insurance > Lorman Education Services Presents "Goodbye Medical Savings Accounts, Hello Health Savings Accounts, Health" Seminar on Nov. 15, 2005
Volvo 850, Providing a Large Range of Choices for Consumers
The United States knew the Volvo 850 as a 1993 model. However, if one looked further back into the history of this vehicle, he would come to know that the rest of the world was introduced to this vehicle as a 1992 model which was a year older than in the US. The Volvo 850 was the very first vehicle model in the US to feature a front wheel drive system as well as an all aluminum engine with twenty valves and five cylinders.
The Volvo 850 comes as either a saloon or an estate. It combines a dynamic driving performance with total flexibility and generous space. The company and the engineering of this vehicle guarantee owners and users that it would provide outstanding road holding, comfort, security, and safety, which is the most common knowledge about Volvo vehicles.
This vehicle is no exception. There are seven different model specifications for this vehicle. Aside from that, interested parties also are given a choice of seven engines. These engines could...
Volvo 850, Providing a Large Range of Choices for Consumers
Auto insurance > Volvo 850, Providing a Large Range of Choices for Consumers
Individual Health Insurance Coverage
It is often said that independently purchased individual health insurance should be a last option. Five percent of insured Americans have individual plans even though they are costlier than group policies because they are not subsidized. Five percent are students, people working at places without group insurance or people who have lost their jobs.
Individual insurance and group insurance have different laws regulating them. Stipulations vary from state to state.
Therefore, your access to individual insurance and the conditions there of would depend on the where you live.
Choosing a seller of individual insurance coverage is not always easy. Fifteen percent of applications received are left unprocessed or rejected. Those companies who are willing to accept individuals place them in a category with those of the same health status. The same premium would apply to all.
There may be elimination riders. This means that a pre-...
Auto insurance > Individual Health Insurance Coverage
Booking Your Holiday Online - Made Easier
With the introduction of low cost airlines, and the rapid growth of internet users, booking the perfect holiday has become easier for the inexperienced internet user.
Gone are the days, where the only people surfing the net are techie's - welcome to the internet age, where people of all ages are now using the internet to go about their normal life. "You look forward to your holiday all year and you want to book it easily, and save money," says Darren, a holiday rental specialist who runs, Worldwide Holiday Homes. "If you automatically think ?travel agent,' you're missing out on the internet world. Just ask the thousands of people who reserve villas, apartments and cottages through our companies website.
Booking your holiday online means you can look for the best deals, and search in the comfort of your own home." Darren says the rise of the Internet has made it easier and more convenient to seek out and reserve a holiday home, why stay in an overcrowded hotel, when you...
Booking Your Holiday Online - Made Easier
Auto insurance > Booking Your Holiday Online - Made Easier
Pediatricians Insurance RRG of Amerca (PIRRGA) Wins Regulatory Approval to Underwrite Medical Malpractice Insurance in Florida
Miami, FL (ContentDesk) February 20, 2004--Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and physician-governed medical malpractice insurance company, today announced that it has received notification of registration from the Florida Office of Insurance Regulation to begin underwriting medical malpractice insurance in Florida. The company, legally
domiciled and licensed as a Risk Retention Group (RRG) in Vermont, has commenced operations and opens with over $1,000,000 in capital infusion from its member doctors.
The company is accepting new applications from Florida pediatricians immediately."This is a great day, and a notable milestone for Florida's medical malpractice insurance market," said Eugene Rosov, president of PIRRGA and of Medical Development and Management, Inc., which, in conjunction with Marsh Management Services Inc. will administer the program under the auspices of the PIRRGA Board of Directors.
"For the...
Auto insurance > Pediatricians Insurance RRG of Amerca (PIRRGA) Wins Regulatory Approval to Underwrite Medical Malpractice Insurance in Florida