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The largest meteor to hit the earth in over 100 years fell in Western Siberia this week, causing a tremendous amount of damage primarily due to the sonic boom the meteor created. Thankfully, no deaths were reported though 1,200 people were injured and there was a great deal of property damage.
This begs the question, if your home is hit by a meteor does your homeowners insurance cover the damage? The answer is yes. Money.cnn.com posed the very question to Robert Hartwig, president of the Insurance Information Institute.
Though it’s very unlikely that a meteor would hit your home, you are covered if it does happen (provided, obviously, that you have home insurance). A more likely event would be “blue ice” hitting your home from a plane flying overhead.
You can view this video of the meteor hitting Russia here:
Auto insurance rates are on the rise again in New Jersey. The state which is already known for having some of the highest auto insurance rates in the country will see insurance rates go higher if the state approves the increases sought by insurance companies.
New Jersey is the third most expensive state for automobile insurance in a report released by the National Association of Insurance Commissioners. Average automobile insurance expenditures in New Jersey was $1081. Louisiana was the second most costly average at $1,105 and Washington D.C. had the highest cost at $1,126.
Gov. Chris Christie’s administration is proposing changes to bring auto insurance rates lower by overhauling New Jersey’s auto insurance rules to limit medical expenses for people injured in car crashes.
A new rule would make dozens of changes to the state’s personal injury protection, or PIP, system. You can read more about the proposed changes here: Proposed PIP Insurance Changes.
Getting the best car insurance quotes from several different insurance companies can be easily done online these days. Deciding on which types of auto insurance coverage and how much coverage you want is up to you. You need auto insurance coverage to protect yourself financially from having to pay for any property damage. The state of California has set a minimum amount of auto insurance liability coverage in order to register your vehicle so you will have to at least get the minimum. The California Insurance Code has a minimum liability coverage of $15,000 for injury/death to one person, $30,000 for injury/death to more than one person and $5,000 for damage to property.
Looking for the the Best Car Insurance Rates in California or any other state? Use our car insurance search engine to find car insurance companies offering insurance in your zip code: Search for rates here.
Since you have to at least get the minimum coverage, you have a starting point. How much more insurance coverage you pay for is up to you. When you compare auto insurance quotes from different insurance companies make sure you have chosen the same amount of coverage when filling out the form online.
The State of California has a low cost auto insurance program for good drivers who can demonstrate financial need. The program started in 2000 and was expanded to every county in California based on the need of each county.
Find car insurance companies offering the best car insurance quotes in your zip code: Best Car Insurance Companies
There are dozens of auto insurance companies and thousands of auto insurance agents which makes finding the best auto insurance rates and companies rather daunting but the process is easier than it used to be. Finding the best auto insurance rates and getting the best auto insurance quotes is easier thanks to websites that give consumers the ability to compare auto insurance rates from several companies quickly.
MonitorBankRates.com has a list auto insurance companies that are offering some of the best car insurance rates in each state and city of the United States. Whether you live in Los Angeles, California, Newark, New Jersey or Houston, Texas you can search for a list of auto insurance companies here: Best Auto Insurance Companies by State.
You probably are aware that auto insurance is a must to protect yourself and others from injury if you have an accident. Auto insurance also protects you if you cause any property damage. In fact, you have to have auto insurance if you want to legally register your auto in the state you live in.
There are several factors to consider when searching for the best auto insurance coverage. The main consideration is how much coverage do you need. States usually set the minimum amount of auto insurance coverage you can have so that will give you your base and you can work up from there depending on how much coverage you want and how much coverage you can afford.
To complicate matters there are different types of auto insurance coverage. Types of coverage include collision auto insurance coverage, which pays for damage to your auto and any other auto or object you have an accident with. If your auto is financed, the bank or auto finance company will require you to maintain a certain level of coverage.
Comprehensive auto insurance coverage pays for damage or loss to your auto from other sources other than collision, like fire, theft, etc. Finance companies and banks will also require you to have comprehensive coverage if your auto is financed.
Medical auto insurance coverage pays for limited medical expenses for you or a passenger is injured in an accident. Considering the cost of medical care these days having extra protection with medical coverage is also a good idea.
Other types of coverage include towing expenses and rental car expenses during the time your car is being repaired. Car insurance policies will pay a certain daily dollar amount for a rental car for a certain amount of time, usually for a month.
Comparing cheap auto insurance companies and cheap auto insurance rates? Finding a cheap auto insurance company and the insurance rates they are offering can be easily done online these days. There are several well known cheap auto insurance companies offering really good coverage and cheap car insurance rates.
Tip: You can lower your auto insurance premium by having your home owners insurance or renters insurance coverage with the same insurance company that you have your auto insurance policy with. Having both policies with one auto insurance company will make your auto insurance premiums cheaper than they would be just having one policy.
Having the right amount of automobile insurance coverage is a must to protect yourself, your family and your assets. You must also have auto insurance coverage if you plan to legally register the auto in the state you live in. In case you don’t know what auto insurance is, it is an insurance contract that helps pay for losses or obligations resulting from the use or ownership of an automobile if you’re involved in an accident.
To obtain this contract, called an insurance policy, you pay a specified amount of money annually called an insurance premium. For the premium you pay, the insurance company agrees to pay certain expenses and legal liabilities if you’re involved in an accident. How much is paid depends on the terms your insurance policy.
When finding the cheapest auto insurance company be sure to compare premiums, insurance policy features and also consider the reputation of the insurance companies. You can find most of this information online.
Looking for the cheapest auto insurance rates? You can find a listing of auto insurance companies providing coverage in your zip code right here at MonitorBankRates.com
Homeowners insurance will protect your home and the belongings in your home in the event of a fire, theft or other damage to your property. Even if you do not own the home or apartment you live in, you should consider renters insurance which will help you replace items lost for the same reasons above. If you have financed your home (like most homeowners), the bank will require you to have homeowners insurance coverage.
Tip: Get a discount on your insurance by having auto insurance and homeowners insurance with the same insurance company.
Finding the best insurance policy for your needs is the easy part. You also need to take inventory of the possessions in your home, which can be a time consuming process. The process should be repeated every year. You should also update your policy when you make any large purchases. The list should include expensive items and inexpensive items. Those inexpensive items add up quickly if you have to replace everything you own at once.
When you inventory belongings in your home, be sure to also take photos or a video recording of all of your belongings. Make a very detailed list and include item sizes and manufacturer. For example, instead of listing a “large T.V.” list the item as a Panasonic 52 inch flat panel T.V.
Tip: The Insurance Information Institute (iii.org) offers free online home inventory software. The “Know Your Stuff” software is easy to use and allows you to record items by room, purchase price, date purchased, serial number information and allows you to upload photos.
Tip: Be sure to include jewelry items, you can get a rider on your homeowners insurance policy for these items.
Now that you have a detailed list with photos or video recordings, at the risk of stating the obvious, do not keep the list in your home. Keep the list in another home, safe deposit box, with a family member or with someone else you feel comfortable knowing the value of your possessions.
Tip: If it is available and within your means, it’s advisable to get insurance that pays the dollar amount you would need to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarations page of the policy. This way, you will be reimbursed for the cost to replace the lost or damaged item (to a reasonable point) instead of its value at the time of the loss. That avocado green refrigerator your Great Aunt Susie gave you may only be worth $20 now, but it will cost you far more to replace it.
Find the best homeowners and renters insurance here by using our tool that lists insurance companies offering coverage in your zip code. Homeowners Insurance Company Finder.
Finding the best car insurance rates (quotes) and comparing types of car insurance coverage is a lot easier than it used to be.
You can search for the best car insurance quotes from comparison insurance sites that give you the ability to compare auto insurance rates.
Looking for the the Best Car Insurance Rates? Use our car insurance search engine to find car insurance companies offering insurance in your zip code. Car Insurance Companies
You need car insurance coverage to protect yourself and your family from injury. You also need auto insurance coverage to protect yourself financially from having to pay for any property damage if you have an accident. Almost all states will not allow you to register your car until have insurance. The State of California has a low cost auto insurance program.
Deciding on out how much auto insurance coverage you need will be based on the minimum amount of auto insurance you can have in your state, how much insurance coverage you feel comfortable having, and how much you can afford.
When you compare types of insurance coverage, be sure you’re comparing apples to apples. The two main types of car insurance coverage are liability insurance and collision insurance. You can also have auto insurance coverage to pay for a rental car when your vehicle is being repaired.
Find car insurance companies offering the best car insurance rates in your zip code here. Best Car Insurance Companies
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