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Does my policy cover physical damage to a vehicle I rent?
- September 22, 2016
- Posted by: aeadmin
- Category:
No CommentsThis damage will be covered only if that type of coverage is purchased.
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What does 80% co-insurance mean?
- September 22, 2016
- Posted by: aeadmin
- Category:
Insurance carriers require that an insured party insure at least 80% of the property’s value in order to collect a partial loss in full. This is the way the insurance company encourages all insureds to adequately insure their property in relation to other insureds.
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What is the difference between Replacement Cost (RC) and Actual Cash Value (ACV)?
- September 22, 2016
- Posted by: aeadmin
- Category:
Replacement Cost is the current cost to replace property. Actual Cash Value is the replacement cost less depreciation.
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How can I lower my automobile insurance rates?
- September 22, 2016
- Posted by: aeadmin
- Category:
There are several things you can do to lower the cost of your automobile insurance. One way is to look for competitive pricing. An independent agent works with many companies and can provide you comparative rates and insure that your are getting the same coverage. Another way to lower the cost is to change your
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What is comprehensive physical damage coverage?
- September 22, 2016
- Posted by: aeadmin
- Category:
Comprehensive provides coverage for direct physical damage losses you could incur to your car from something like a hailstorm.
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What is collision physical damage coverage?
- September 22, 2016
- Posted by: aeadmin
- Category:
Collision is the loss you incur when your automobile collides with another vehicle or object like a telephone pole.
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Does my insurance policy cover a friend if I loan him/her my car?
- September 22, 2016
- Posted by: aeadmin
- Category:
When you loan your car to a friend or an associate, he or she will be covered under your automobile insurance policy.
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When purchasing automobile insurance what should I consider?
- September 22, 2016
- Posted by: aeadmin
- Category:
There are several things you should consider when purchasing automobile insurance that your independent agent will help you with. Here are a few: Purchase the amount of liability coverage which makes sense for you. Select the optional coverages you want. Decide which company to purchase insurance from. Don’t base your decision solely on price. Other
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What is “replacement cost”?
- September 22, 2016
- Posted by: aeadmin
- Category:
When “replacement cost” coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.
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What is “actual cash value”?
- September 22, 2016
- Posted by: aeadmin
- Category:
When “actual cash value” is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.