Auto Insurance
What is Gap Insurance?
Gap Insurance and Automobile Coverage When you have a loan or lease on your car and the car is totaled, often the market value of the vehicle is less than the money you owe the bank. This means you are “underwater” and have to pay money out of your pocket to pay off the loan…
Read MoreWhat is Collision Coverage on an Auto Insurance Policy?
Auto Collision Coverage Collision coverage covers your car against damage to your car in an accident you cause, or damage caused in a hit and run accident. It is purchased on a car by car basis on a policy, meaning that not all cars on a given policy have to have it, or to have…
Read MoreComprehensive Coverage on an Auto Policy – What it Means…
What is comprehensive coverage on an auto policy? Comprehensive coverage covers your car against theft, fire, vandalism, damage from a falling object, flood, animal and other non-accident damage. It is purchased on a car by car basis on a policy, meaning that not all cars on a given policy have to have it, or to…
Read MorePersonal Injury Protection and New Jersey Auto Insurance
The Newark Star-Ledger ran this article regarding PIP reform in NJ on Sunday, March 18. PIP stands for Personal Injury Protection, and provides medical coverage under an auto insurance policy you have been injured as a driver, a passenger, or pedestrian and have been involved in a personal automobile accident. It underscores the rising costs…
Read MoreRental Cars and Personal Auto Insurance
Is A Rental Car Covered By My Personal Auto Insurance Policy? If you go away and rent a car while on vacation, generally speaking you get the best coverage for an individual car – liability, PIP Medical, uninsured motorists, comprehensive (if you have it) and collision (if you have it) for a vehicle on your…
Read MoreGlass Coverage on Auto Insurance Policies
Generally, an auto policy covers the windshield on your car if you have “full coverage” on the vehicle. Full coverage means that you have comprehensive coverage, which includes physical damage to the car not caused by an accident. Use of the comprehensive coverage is subject to a deductible; however, if the windshield can be repaired…
Read MoreNJ Auto Insurance Rates to Go Up
This article appeared in the Newark Star Ledger last week discussing the explosion of medical expenses on NJ auto insurance policies. This is beginning to have an adverse impact on rates. http://www.nj.com/business/index.ssf/2012/01/nj_auto_insurance_rates_on_the.html
Read MoreCar Insurance For NJ Teenagers
The state of New Jersey has recently enacted a new set of regulations May 1, 2010. Teenagers 16-20 years of age who have a permit or probationary driver’s license face a host of new restrictions: – They may only drive between 5:01 AM and 11:00 PM – They may only transport one passenger besides her…
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