Massachusetts 2016 Low Number License Plate Lottery Applications Now Being Accepted
Learn about the Massachusetts Lottery for Low License Plate Numbers, including how to enter online, available plates, and important dates for the 2016 drawing.
Auto Insurance is a contract between an individual (the policyholder) and an insurance company. It provides financial protection and coverage in case of accidents, damage, theft, or other events related to the insured vehicle. The primary purpose of auto insurance is to help the policyholder mitigate the financial consequences that can arise from unexpected situations involving their vehicle.
Posts
Why You Need Uninsured Motorists Coverage
When purchasing automobile insurance, being well-informed is essential for making intelligent decisions due to the various factors involved. One critical decision is whether to invest in uninsured motorists (UM) and underinsured motorists (UIM) coverage.
House to Consider Legislation Regulating Transportation Network Companies for Ride-for-Hire
The House of Representatives is set to deliberate on legislation proposed by the Financial Services Committee, aimed at regulating Transportation Network Companies (TNCs) such as Uber and Lyft. The proposed legislation establishes a new regulatory division, Ride For Hire, within the Department of Public Utilities, responsible for overseeing TNCs and their drivers, ensuring compliance with insurance requirements and background checks.
Be Aware of Uber and Airbnb Insurance Gaps
Earning from services like driving for Uber or renting out your home on Airbnb can be appealing, but standard personal auto and home insurance policies do not provide coverage for these activities, potentially leaving you exposed to significant gaps in coverage in the event of an accident. It’s essential to explore specialized insurance options tailored to these ventures to ensure adequate protection for your assets and liabilities.
Managing Insurance Costs…Understanding Deductibles, Frequency and Severity
Effectively managing insurance costs extends beyond coverage limits, options, and premiums; it includes evaluating the deductibles you’re comfortable paying out of pocket.
Are You Covered When You Borrow Someone’s Car?
Borrowing or driving a friend’s car is common, yet we often overlook coverage considerations. It’s important to be aware of exclusions and conditions in auto policies, particularly regarding “regular use” and “business use” coverage issues.
Bump Up that Deductible!
Insurance consumers often seek ways to cut costs on personal lines insurance, but not all approaches are prudent. Requests for reductions in dwelling or liability limits on homeowners or auto insurance policies may seem tempting, but they often carry significant risks, particularly in liability situations such as auto accidents or injuries on your property, where substantial losses could occur if a judgment goes against you.
Exercise Care on Freeways
Automobile accidents are a leading cause of death in the United States, especially among children and young adults, as reported by the National Highway Traffic Safety Administration. Many of these fatalities occur on freeways and highways, due to the high speeds involved.
Avoid Those Cell Phones While Driving
According to the National Highway Traffic Safety Administration (NHTSA), nearly 700,000 drivers in the United States use cell phones or manipulate electronic devices while driving during daylight hours. In 2012, there was a 9 percent increase from the previous year, resulting in an estimated 421,000 injuries in auto accidents involving distracted drivers.