NLIC.org

Grace Said:

Who Has A Legitimate Personal Injury Automobile Claim, That American Family Insurance Company Has Given A Low?

We Answered:

Most of the time, with that type of injury, with a permanent, serious disability, you get offered YOUR policy limit, minus the limit the other person has. That's what you're ENTITLED to, under YOUR policy.

That's what underinsured motorist pays - the difference between your limit, and their limit.

And, the claim DOES have to drag on, if you've got a really high limit, and claiming a permanent disability, because otherwise, how does everyone know it's actually PERMANENT?

Ann Said:

We suspect that the automobile insurance premium (in dollars) may be steadily decreasing with the driver's dri?

We Answered:

It appears that you want to make an inference from regression.

y=premium, and x=age
"steadily decreasing" may imply a linear decrease.

Set up a regression, y = beta0+ beta*x + e
where e is the random error, beta0 is constant, and beta is the slope of the relation.
You will like to find beta<0. Finally, you need to test whether beta is significantly different from 0 (a test usually included in any computer package).

Carrie Said:

Do all automobile insurance companies raise your premiums when you reach 60 years of age?

We Answered:

They lied to you. Some companies drop insurance rates when you are 60. Most companies look more at your driving record and claims rather than your age. After years of being an AARP member I will not renew this time because they no longer represent the people over 50.

Carrie Said:

Automobile insurance agency Is this fraudulently based activity?

We Answered:

I do not think that it is a fraudulent activity !!
California’s Compulsory Financial Responsibility Law requires every driver and owner of a motor vehicle to be financially responsible for their actions.
Please visit http://www.cnicnet.com/ for full details

Barbara Said:

Automobile Insurance Rates: How Much Does The Premium Usually Go Up After A Comprehensive Accident?

We Answered:

It usually depends on how much the insurance company has to pay out. There is no set amount. Some insurance companies offer First Accident Forgiveness. Some will waive any surcharge/rate increases, if the damage is under $1000. She should run this question by her agent.

Also, since she struck a stationary object, the curb, her loss would fall under her collision coverage, not her comprehensive.

Barbara Said:

Will my Alberta Automobile Insurance go up from a Hit and Run claim?

We Answered:

It might. Insurance premiums are based on whether you have had claims or not, not on if they were your fault or not. If you made a claim against your insurance, you premiums could go up.

Like house insurance. YOU didn't break into your place, but you made a claim. So your rates go up.