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Fines from your lienholder: If your vehicle is financed and your car insurance lapses, your lienholder could charge you penalties for not maintaining auto insurance.
Insurance companies are more likely to increase your rates following a personal injury or accident claim, or a claim of property damage that was due to negligence — or which shows evidence of a ...
The first two numbers mean that your insurance helps pay up to $25,000 in bodily injury per person and $50,000 in total bodily injury per accident to cover medical costs for others involved in an ...
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
For insurance, the loss ratio is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. [1] For example, if an insurance company pays $60 in claims for every $100 in collected premiums, then its loss ratio is 60% with a profit ratio/gross margin of 40% or $40.
An auto insurance claim is essentially your way of notifying your insurance provider that you’ll need to use your policy to cover expenses after your car is damaged in a covered incident. The ...
Your license and registration could be suspended until you can provide proof of car insurance coverage, also called an SR-22. Plus, you may have to pay a fee of up to $400 to reinstate your ...
Drivers nationwide are facing the biggest car insurance rate increases since 1976. Up more than 22% compared to last year, rising car insurance rates are one of the biggest contributors to overall ...