personal auto insurance
The right amount for liability coverage:
Get a liability limit at least equal to your aggregated personal asset or your estimated earning power. The plaintiff lawyer may tag your pay check for the damage payment. You may also take out an umbrella policy to protect your high net worth.
Buy Collision insurance for an old timer?
The answer is "it depends".
Example: If unfortunately, you are in an accident. The other party hit your vehicle and you do not have collision insurance. Your insurance company will not get involved in the claim process. You will need to call and negotiate the case yourself. It becomes another full time job for you that you may want the insurer involved instead. Then buy the collision insurance. But if you do not shy away from hard negotiation, you probably don't need this type of coverage.
Medical Insurance
Get the medical insurance if you can afford it.
You can use it to pay for the deductible amount of your health insurance.
You get compensated even if you get hit by a vehicle when you are a pedestrian. Premium is low when compared to the benefits; therefore it is a good buy.
Did You Know?
Get a liability limit at least equal to your aggregated personal asset or your estimated earning power. The plaintiff lawyer may tag your pay check for the damage payment. You may also take out an umbrella policy to protect your high net worth.
Buy Collision insurance for an old timer?
The answer is "it depends".
Example: If unfortunately, you are in an accident. The other party hit your vehicle and you do not have collision insurance. Your insurance company will not get involved in the claim process. You will need to call and negotiate the case yourself. It becomes another full time job for you that you may want the insurer involved instead. Then buy the collision insurance. But if you do not shy away from hard negotiation, you probably don't need this type of coverage.
Medical Insurance
Get the medical insurance if you can afford it.
You can use it to pay for the deductible amount of your health insurance.
You get compensated even if you get hit by a vehicle when you are a pedestrian. Premium is low when compared to the benefits; therefore it is a good buy.
Did You Know?
- Over 40,000 people die in crashes every year in the United States.
42,642 deaths on our roads in 2006. - Over 40,000 deaths on our roads every single year for over four
decades with the sole exception of 1992. - Over a million people have died on our roads in the past 25 years.
- Another 2.5-3 million are injured on our roads every year.
- 3 of every 4 drivers say that they're more careful than most other driver