Tag: comprehensive coverage

Auto insurance confusion left behind by recent severe weather

Hurricane Isaac

Storms leave policyholders wondering about the extent of their coverage. The 2012 hurricane season is well underway, and now that a severe storm has left damage to many states, many are wondering about details such as the coverage of their auto insurance in these circumstances. The protection a consumer has for his or her vehicle depends on the perils covered by the policy. More broadly, though, there are some ways to look at a vehicle’s potential auto insurance coverage, based on the type that has been purchased. Auto insurance comes…

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Will your auto insurance protect you from the damage of molten tar on the roadway?

Julie Campbell

Just before Thanksgiving, there was an incident involving a tanker truck that leaked molten tar all over a busy roadway, leaving over 150 cars stuck in the sticky substance, unable to move. Even those that were towed from the area were often disabled by the hardening substance on the tires, wheels, wheel wells, and fenders. In this case, the Turnpike Commission was contacted by over 130 drivers in order to make a report of damage to their vehicles. The truck operator’s insurance company, Travelers Insurance, handled the claims that were…

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Do you know what to do if you hit an animal while driving?

Nordstrom

Hitting an animal while you’re driving in your car can do a surprising amount of damage to both your car, depending on the size of the animal and how fast the car was travelling when the animal was struck. If you have comprehensive coverage as a part of your auto insurance policy, once you pay the deductible, the repairs to your vehicle will be covered. That said, the best thing that you can do beyond making certain that you have adequate insurance is to know how to avoid hitting an…

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Allianz announces the release of a new online home insurance protection

H. Cutner

Allianz Insurance has announced that it is now offering a new home insurance product in Europe that is available exclusively online and offers customers the ability to construct a policy that is customized to their unique needs. The new home insurance product called “Your Cover” helps customers to buy the most basic level of comprehensive coverage, upon which they can add up to 11 additional optional forms of coverage – such as home business coverage, identity fraud protection, 24-hour home emergency assistance, and sports equipment insurance – in order to…

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The business of fraudulent insurance claims

H. Cutner
Conseco Life rate increase shot down

Today, there are some that make a living specializing only in insurance fraud by submitting doctored up insurance claims. The false claims received may include life insurance, third-party policy, personal damage and car theft.  In many cases, the claim amounts asked for are considerably higher than the injuries, damage or loss that occurred – this can raise a red flag to potential wrong doing. Life insurance fraud is when someone makes false claims about faking an injury or death.  The false documentation used is usually police reports, medical cards, marriage…

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