Insurance 4 Insurance

Most of us know generally what kind of accident insurance coverage we have — liability, comprehensive and collision, for instance. However, when it comes to the fine print, there are terms about which most of us have absolutely no clue (but that are sure to surface when it comes time for your insurer to shell out cash to repair or replace your damaged vehicle). So in order to make sure you are dealt a fair hand when the dust settles, sit down with your agent and learn what those big terms in the small font really mean.

We advise doing this before a serious accident occurs, particularly since insurance agents tend to be far more pleasant to deal with when they’re not in the middle of a messy claim.

Decide if you want the thing back:

After a really serious accident, many people are inclined to go ahead and find a comparable replacement (or even take the opportunity to upgrade to a nicer car) rather than get their car fixed, since repairs sometimes cannot return it to its original quality. And even if a car can be repaired to “like new” condition, it will still have lost a significant portion of its resale value simply because it has been in a major accident (you can sometimes get back some of this lost value if you file a diminished value claim). Further, a new car can also make it easier for a family to move on psychologically after a traumatic experience like a serious accident.

Accident plan features a flexible plan design so that you can choose the coverage that best meets your individual needs. Coverage is available for both on and off-job accidents and several optional riders are available so you can choose any additional protection you or your family may need. The optional riders provide extra coverage and benefits for expenses resulting from hospital confinement due to a covered sickness, health screening tests, and disability due to a covered accident or a covered sickness.

These benefits will help your family meet continuing needs in case of an accidental death. The death benefit is increased if the accidental death occurred on a common carrier such as a commercial airplane or subway system.

Most of us know generally what kind of accident insurance coverage we have — liability, comprehensive and collision, for instance. However, when it comes to the fine print, there are terms about which most of us have absolutely no clue (but that are sure to surface when it comes time for your insurer to shell out cash to repair or replace your damaged vehicle). So in order to make sure you are dealt a fair hand when the dust settles, sit down with your agent and learn what those big terms in the small font really mean.

We advise doing this before a serious accident occurs, particularly since insurance agents tend to be far more pleasant to deal with when they’re not in the middle of a messy claim.

Decide if you want the thing back:

After a really serious accident, many people are inclined to go ahead and find a comparable replacement (or even take the opportunity to upgrade to a nicer car) rather than get their car fixed, since repairs sometimes cannot return it to its original quality. And even if a car can be repaired to “like new” condition, it will still have lost a significant portion of its resale value simply because it has been in a major accident (you can sometimes get back some of this lost value if you file a diminished value claim). Further, a new car can also make it easier for a family to move on psychologically after a traumatic experience like a serious accident.

Accident plan features a flexible plan design so that you can choose the coverage that best meets your individual needs. Coverage is available for both on and off-job accidents and several optional riders are available so you can choose any additional protection you or your family may need. The optional riders provide extra coverage and benefits for expenses resulting from hospital confinement due to a covered sickness, health screening tests, and disability due to a covered accident or a covered sickness.

These benefits will help your family meet continuing needs in case of an accidental death. The death benefit is increased if the accidental death occurred on a common carrier such as a commercial airplane or subway system.