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Ivan Said:

Does every driver in the household need to be registered under the automobile insurance policy (Ontario)?

We Answered:

Most insurance companies do require that residents of the named insureds household be named as drivers on the policy or be named on a driver exclusion form. So she's not trying to bump up the cost of the policy. She's just having you do whats required by the insurance company. It's a common practice in insurance.

Lydia Said:

Think about it , as consumers how long are we going to let insurance companies(All) screw us anyway they want?

We Answered:

If you pay $600.00 a month for insurance...I hope you have at least 5 cars and 3 young drivers, because that is a ton of money for insurance. 1st you should shop around for insurance $3600 every 6 months for auto insurance leaves a lot of wiggle room for a better quote. 2nd its in your insurance companies best interest to NOT have you charged for any portion of the accident. That means YOUR company had to pay. Where is the slight of had there? They would be screwing themselves over just to get a tiny bit of premium from you? I don't think so.

You example about gave about the contractor as little to nothing to do with insurance and insurance companies. Sure builders are supposed to be bonded but an insurance company is not screwing you or anyone else over here. I find it hard to believe, that this contractor had such great recommendations, he chose you as the first to screw over and had never had a complaint ever. Did you do your due diligence? Who recommended him? I'm sorry it happened but blaming insurance is barking up the wrong tree.

Also just to reiterate on the Auto insurance. I have 2 cars, full coverage, $500,000 coverage and I have a ticket and an at fault accident on my record. I pay $67.00 a month. I'm not saying you should be paying what I'm paying...but seriously get some quotes. And if you really want to challenge this, turn in a complaint to the insurance commisioner of your state. The commisioner makes sure insurance companies follow state law for insurance.

Dan Said:

Can anyone translate it to me, please???? about my car insurance company?

We Answered:

That's the "Declarations Page" of your policy. It's a summary of what you are insured for, and for how long, and for how much premium.

You have a "25/50/25" policy. (Coverages A&B)
This means you have up to $25,000 coverage for any one person you injure in an accident for which you are at fault. You have total maximum coverage of up to $50,000 for all the people you injure put together. The last "25" is for the $25,000 in property damage coverage which pays for up to that amount for damage to someone else's car or property. (Just don't rear-end a Ferrari or cause a multi-car pileup)

Coverage C is for medical payments coverage for injuries that are the result of an automobile accident in the amount of $5,000. This pays for your medical bills (usually before any health insurance you have kicks in) if you are injured in a car accident. This also includes any sort of car-related injury as well such as injury while getting in or out of the car, loading the car, getting run-over by a car while jogging etc... Since it's primary to your health insurance coverage and a car accident is by far the most likely way you are going to end up in a hospital if you are under 45 years old it's actually a bargain if you max-out this coverage. You can usually get up to $100,000 worth. It's also a good deal if you don't have health insurance as it protects you from the most likely source of a large medical bill.

Coverage D2, the uninsured property damage (UMPD) coverage pays for damages to your car up to it's value if you get hit by somebody who doesn't have insurance. It's basically the same as collision insurance but it only pays out if your car is damaged by an uninsured driver. It doesn't pay if you wreck it yourself like collision coverage will. Your policy does not appear to have collision or comprehensive coverage so if a tree falls on it or you wrap it around a telephone pole you're on your own with the damages to the car.

Coverage D is the uninsured motorists coverage. This pays for your injuries if the other person is uninsured or inadequately (has less coverage than you) insured. The limits on this coverage are usually tied to your liability limits. In your case they are the same. For example if you are T-boned by an uninsured driver and end up paralyzed in a wheelchair you can collect up to $25,000 (before the lawyers and doctors take their cuts) . Basically your own insurer stands in the shoes of the other driver as if the other driver had the same coverage as you do. ($25,000)

Something is weird about the term on your form though. Most auto policies are for six months. Yours is valid for two months and 5 days? The coverage stated for the period costs $807. That's what they will be sending you a bill for.

Carl Said:

why do insurance companies get away with charging hefty premiums but when it comes time to pay up, they don't?

We Answered:

They collect enough premium to cover any losses they EXPECT to have. When disasters like Katrina occur, they have to pay millions of dollars to cover the claims... they have to raise their prices because of their claims history. They will still continue to have their "normal" claims, but now they have millions in claims that never could have been predicted. Also, homeowners insurance does not cover floods, you have to have flood insurance which is sold separately. Not sure if a hurricane is covered under this situation, they can not be predicted enough in advance. If someone told you there was going to be a hurricane 3 years from now, you'd obviously buy the insurance.. but would you carry it for the whole 3 years, or just when you knew the hurricane was about to hit??

Sylvia Said:

Automobile insurance question, covered?

We Answered:

You should inform your insurance if you're getting close: It shouldn't be a problem, but they'll wriggle out of a claim if they can...

Thelma Said:

What auto insurance offices offer reduced cost auto insurance program in the San Fernando Valley?

We Answered:

Close, MB, but this program is NOT the Assigned Risk program. It is The California Low Cost Automobile Insurance Program.

It's my understanding that the program is only available to those that are certifiably below the poverty level and the liability limits are reduced even lower than what is normally required by the State of California.

I'm a Texas agent but have a lot of friends that are agents or brokers in CA and they tell me that they do not HAVE to sell it and choose NOT to since it IS a low premium product (hence low commission to them) and they cannot charge any broker fee.

Irregardless of how far the agent that you FOUND that WILL write the program, you may be compelled to use them. It's either that or ask around to someone you know that might have the program - perhaps they can point you in the right direction. You might also contact your Department of Insurance in Sacramento for a list of qualified agents.

Good luck and I hope this helps!