Physical damage coverage for auto insurance is broken down into two parts:
Collision coverage: Paying for damage to a vehicle caused by hitting another object (tree, curb, vehicle) regardless of fault
Comprehensive (AKA Other than Collision): Covers most other accidental damage to the vehicle: vandalism, theft, fire, hitting animals (people are considered animals), glass, wind, hail, falling […]
This just in..
The British tabloid, The Daily Mirror, reported the famed singer requested a $6.8 million insurance policy for his chest hair. The underwriters at Lloyd’s of London reviewed the unusual request and agreed to write the policy.
The Tom Jones website responded:
” The story published in the Daily Mirror (UK) on Feb 5 is completely fabricated. No […]
Hartford Insurance, sold far and wide through AARP in Florida told the Florida Senate Select Committee on Property Insurance Accountability they will start to non-renew 27,000 homeowners policies beginning August 2008.
Tom Johnston, senior vice president and chief actuary for the Hartford Group spoke on behalf of the insurer Tuesday (02/05) in Tallahassee, representing one of […]
OK I had to post this..this is a little too bizarre.
Allstate Floridian Insurance Co., a subsidiary of Allstate Insurance, sent the first of five groups of executives in a two-day agenda to testify in front of the state’s recently formed Senate Select Committee on Property Insurance Accountability in Tallahassee (ahh the Florida legislature is […]
Let’s begin with the “why”. In general, personal auto policies (PAP) are easy to obtain and offer wide coverage to people and their vehicles. In some cases a PAP is not available due to usage, vehicle type or owner of the vehicle requiring an owner to purchase a commercial policy.
Commercial use is unacceptable or excluded […]