Significant Auto Insurance

Womens Car Insurance & The SORN

Are you having financial difficulties at the moment? This may be a very personal question to ask but it is also one that many people will answer “yes” to at the moment. We all know that half of the country is struggling at the moment, whether as a result of rising fuel an food costs, job losses or frozen pay packets. As such, many people are looking to save money by cutting out unecessary expenses and this includes anything that they can do without, such as a second car. If this applies to you then did you know that your womens car insurance policy is not required?

If you file a SORN (Statuatory Off Road Notice) with the DVLA then your car does not have to be insured. However, you may want to simply reduce your womens car insurance instead of cancelling it because there is still the question of what would happen were it to be stolen. You never know what will happen so sometimes common sense should override cost.

IIHS Says Traffic Cameras Save Lives

An intersection with a traffic camera has the potential to catch you breaking the law and end up increasing your auto insurance rates, but according to the Insurance Institute for Highway Safety (IIHS), while those cameras could be annoying, they’re also saving lives. The IIHS issued a report last week that found  these cameras have saved over 100 lives so far.

159 Lives Saved by Red-Light Photo Enforcement

According to last week’s report issued by the IIHS, a nonprofit traffic safety organization funded by the auto insurance industry, 159 lives were saved by red-light photo enforcement between 2004 and 2008. The lives were saved in 14 U.S. cities with populations over 200,000.

In 2009 alone, 676 people in the U.S. were killed in crashes caused by a driver running a red signal. A whopping 113,000 people were injured by the same type of accident. The

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Tags: Traffic, Traffic Cameras

Many home insurance policies do not cover digital downloads

Music fans could be at risk of losing out financially as the majority of home insurance companies do not cover digital downloads, according to a recent study by Which?

The study by the consumer watchdog found that a third of leading home insurers standard policies fail to offer any form of protection, even though over 100m tracks are downloaded by Brits every year. Those that do offer cover generally limit it to around 1,000.

According to Which? only four providers, including HMV Digital, Play.com, 7 Digital and Tesco Entertainment, allow customers to re-download lost music . However others, which includes the popular iTunes, say in their terms and conditions that: “Products may be downloaded only once and cannot be replaced if lost for any reason”.

Which? CEO Peter Vicary Smith said: “It’s surprising that, at a time when the popularity of digital downloads is soaring, insurers aren’t offering music lovers the protection they need. Read The Full Article…

Tags: Cover Digital, Cover Digital Downloads, Digital Downloads, Downloads

State-mandated mimimum auto liability limits are inadequate to protect assets

When I talk to people about auto insurance, liability limits keep coming up. Why should you carry more insurance than the law requires? How much is enough?

Bodily injury liability coverage pays for injury or death of the driver and/or passenger(s) of another car if you are at fault in an accident. Any medical bills, lost wages or accommodations, like wheel chair ramps and caregiver wages, are all part of a bodily injury claim. Any death claim is also paid by your bodily injury coverage.

Your car insurance company is required to make payments for a bodily injury liability claim on your behalf until the limits of your policy are exhausted–and then you are on your own. Your insurance policy provides you with a legal defense until the liability limits on your policy are exhausted, and then you will have to provide your own lawyer for any remaining costs.

A cautionary example

Here is an example of how this works.

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Tags: Liability Limits, Limits