An insurance company may consider the car to be totaled even if it can be fixed. Generally speaking, the company decides tototal a carif the cost to repair it exceeds a certain percentage of its value, anywhere from 51% to 80%, according to Insure.com. Some states mandate or provide gu...
Liability insurance is the type of coverage that pays for other drivers’ vehicle damage and medical care. For instance, if you rear-end another car, your liability coverage is what would pay for their vehicle repairs and any medical treatment. Does liability insurance cover your car if you hi...
Liability car insurance coverage is the part of your policy that pays for the injuries and damages you cause to someone else in an at-fault auto accident. Most states require drivers to carry at least a minimum car insurance coverage limit, often called “minimum coverage.” However, you can...
What can I file a car insurance claim for? A Lemonade Car policy can help cover you for damage to your car caused by accidents, vandalism, extreme weather, fire, falling objects, and a whole lot more. (Or for your liability if you cause damage to someone else or their vehicle.) But ...
An auto insurance claim is any request for payment in accordance with your insurance policy. For example, if you get into a car accident and need to ask your insurance company for money to pay for repairs, this is called “making a claim.” If you are lucky enough to have a good, eas...
"Collision is an important coverage because it pays for repairs or replacement to your own vehicle. The higher the deductible, the lower the cost of this coverage," Parsons says Thepremiumis the amount of money you pay to an insurance company for coverage. You could pay a premium monthly, ...
Gap insurance, or guaranteed asset protection, is an optional coverage that pays the difference between what your vehicle is worth and how much you owe on your car at the time it’s stolen or totaled. This coverage supplements acomprehensive or collision car insurancepayout, which can only be...
The claim amounts resulting from any accidents can also influence premiums.Someone who’s had a couple of minor fender benders is a much lower risk than someone who has totaled three cars. This is why it pays to have the right insurance. Companies likeAllstateoffer accident forgiveness coverage...
Get a rental car Find out if your insurance coverage pays for arental car. You may need one while your vehicle is being repaired, so see if your insurance company’s policies will help you avoid bearing the cost yourself. They may have a preferred rental car company that you will have ...
vehicle is totaled, either because of an accident or due to an act of nature. But it will bump your auto insurance premiums up a bit, so drivers are often eager to drop it as soon as they reasonably can. Knowing when it's the right time depends on personal factors and your car. ...