Search Results for: insurance

The Dangers of Texting and Driving

Highway safety boards and automobile insurance companies are increasingly concerned about the consequences of texting while driving. Nearly 90% of car accidents involve human error and thousands are killed in distracted driving-related car accidents. Many of these cases were caused by distracted driving, with many drivers reading or sending texts while driving. Many states now prohibit texting […]

How Do Car Rental Companies Insure Their Cars?

Car rental companies generally provide coverage such as liability, personal accident insurance and Collision Damage Waiver/Loss Damage Waiver for your rental car rental experience. If your credit card offers rental car coverage benefits, check with them or the bank about what coverage may apply in these instances. If your auto policy includes state minimum liability […]

Which Of The Following Is Not A Characteristic Of An Insurable Risk?

Are you familiar with the concept of insurable risk? Whether you own a business or have personal assets to protect, understanding this term is crucial. In basic terms, an insurable risk refers to a situation where there is uncertainty about potential financial loss and the likelihood of that loss occurring. However, not all risks can […]

Understanding Car Depreciation

Every thing in life ages. Depreciation is the term used to describe cars’ aging process. Depreciation, or more precisely, is the difference in what your new car is worth compared to what it was worth five years ago. Used cars are more affordable than newer models due to car depreciation. It happens quickly: your car will lose several […]