You can have one collision coverage for your car.
This covers you and will pay your medical expenses and property damage to yourself or your car.
Thanks,
Cyrus _________________ I am and always will be a sinner. But that's the beautiful thing about Jesus. I'll always try to be a better person in the eyes of God. But I'm not all of a sudden stepping up on a pedestal and saying I'm holier than thou, 'cause I'm not!
Thanks cyrus I will have a collision coverage for my car.
Thanks again,
Mycar
Welcome "Mycar" we all are here to help you all. _________________ I am and always will be a sinner. But that's the beautiful thing about Jesus. I'll always try to be a better person in the eyes of God. But I'm not all of a sudden stepping up on a pedestal and saying I'm holier than thou, 'cause I'm not!
Posted: Tue Jun 05, 2007 4:55 pm Post subject: COLLISON COVERAGE
A new prospect came to me for insurance. His older vehicle only had "liability" at that time. Comparing the minimal difference in the cost of liability versus full coverage, he opted to carry full coverage on that vehicle with me.
A few months later the vehicle was totaled. A very grateful client said he would not have been able to purchase another vehicle without getting money out of the now totalled car.
Before deciding to drop full coverage on an older vehicle, consider the value of the vehicle versus the difference in premium for having full versus liability.
Often, liability makes more sense, but not always. _________________ Register Now to have your Insurance queries solved.
I would like to make few points before you take the final decision.
Compare the cost of coverage, i.e. the premium you pay for the coverage, with the present market value of your car. If the cost of coverage exceeds the value of the car, rethink. if you still wish to keep it, then at least reconsider the level of coverage that you already have. You can lower the amount of coverage and thus can save some money.
Secondly, collision coverage does not pay for medical expenses. Collision coverage will only cover the repairing cost of your car if it is damaged in an accident. Sorry! Cyrus
Secondly, collision coverage does not pay for medical expenses. Collision coverage will only cover the repairing cost of your car if it is damaged in an accident. Sorry! Cyrus
Yes I review the collision coverage again. You are right.
Thanks for the information Juanita. _________________ I am and always will be a sinner. But that's the beautiful thing about Jesus. I'll always try to be a better person in the eyes of God. But I'm not all of a sudden stepping up on a pedestal and saying I'm holier than thou, 'cause I'm not!
I agree... each person needs to look at the cost of collision (and comprehensive) coverage and the value of the vehicle vs the deductible amount (last part is important as well). If you have a $1000 vehicle with a $500 deductible, your only going to be paid $500 if the vehicle is a total loss (which is rare). If this is going to cost $50/year, it might not be worth it.
I once had a 1972 Lemans convertable. It had original wheels. Comprehensive coverage cost $7/year with no deductible. This was well worth the cost as the wheels might have been stolen or some idiot might cut the top (happen twice).
if the cost is low on an older vehicle, comp & coll coverage can also come in handy when the damage is not enough to consider the vehicle a total loss. Especially when the company of an at fault driver is not cooperative and you need to file a claim with your company and hope for subrogation to get your deductible back. You can do a quick cost benefit analysis. _________________ Register Now to have your Insurance queries solved.
Posted: Tue Aug 21, 2007 6:22 pm Post subject: coverage
What kind of car do you have?? What's the 'blue book' value? I had a '87 Baretta, about a year ago. Because it was SOO old, I just had Liability on it. Now I have a '99 Jeep Cherokee. I DO have Full coverage. I am a single mom, so..I want to be 'safe' with my teenager who ( of course) rides with me. I have car insurance through Nationwide Insurance. They are great ( my personal opionion, anyway)! However..it also depends on how many accidents u have ( if any) and your age. I 'see' you decided on something. Good for you!!
