Nope. You’re responsible for giving your ride the TLC it deserves—likeregular oil changes and rotating your tires. If you file an insurance claim and the adjuster determines that the damage to your vehicle is from normal wear and tear, you’ll have to pay for those repairs yourself. The...
Houston Chronicle
Only some types of car insurance coverage, like comprehensive, collision, and sometimes personal injury protection and uninsured motorist coverage, require a deductible. The higher you set your deductible, the lower your car insurance rates will be; the lower your deductible, the less you have to...
A tort, in the context of car insurance, refers to a legal wrongdoing or a civil wrong that results in harm or injury to another person or their property. It is an important concept in insurance because it determines the party responsible for compensating the injured party in the event of ...
When you're renting a car, you have the option to add extra coverage offered by the car rental agency. That, of course, comes at a fee added to your daily rate. Before you purchase insurance at the counter, check if you're covered by either your personal auto insurance policy or your...
The adjuster will evaluate your policy, the reasons behind your car’s damage and the actual damages to determine how much the repairs will cost. After the claims adjuster determines the amount the insurance company is willing to pay to repair your vehicle, you can either sign a release to ...
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What determines the interest rate on a car loan?The Takeaway Before committing to a car loan, check your budget to make sure you can comfortably afford the monthly car payment in addition to your other expenses. Once you do move forward with a loan, set up autopay to avoid ...
Although S&P offers several types of ratings, it is most known for its overall long-term credit rating system. This is one of the most important indicators of financial health and determines a company’s “creditworthiness,” or the extent to which it is worth trusting to pay back debts to...
What's a good insurance score? Insurance scores using the LexisNexis Risk Classifier range from 200 to 997. According to the company, a score of 770 or better is considered good and will get you favorable rates. A score of 500 or below is considered poor and could result in higher premium...