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Important Tips to Protect Yourself

Read your policy. Don’t wait until after an accident. If you don’t understand your policy, ask your agent and/or company for clarification. If you have an accident, call the police. If there are injuries, call paramedics. Get as much information as possible at the accident scene. Notify your agent or company in writing of any [..]

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Is a Newly Acquired Vehicle Covered?

Most policies provide 30 days automatic coverage for a vehicle that replaces a vehicle already on your policy. The coverage normally is the same coverage you had on your previous vehicle. Notify your broker-agent as soon as possible of any replacement vehicle. If you wish additional coverage, there is usually a requirement that you notify [..]

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Who Is Responsible for the Balance of a Car Loan?

The borrower is responsible for the balance of the loan, even if the vehicle is stolen or damaged beyond repair. If your claim payment is less than the loan balance, the lender will expect you to pay the difference. Coverage commonly referred to as “gap” insurance can usually be purchased to protect against this situation. [..]

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What Is Subrogation?

Subrogation is the right of the insurance company to recover from a third party the amount of damages it paid to you. For example, if another party is at fault in an accident that damages your car, and you have a collision claim, your company will ask the other party to reimburse the money it [..]

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Things to Avoid at the Scene of an Accident

Do not argue with other drivers and passengers. Save your story for the police and your insurance company. Do not sign statements regarding fault or promises to pay for damage. If another party offers to pay your deductible, don’t sign anything releasing him or her from further responsibility. By releasing the other party, you jeopardize [..]

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What Should I Do at the Scene of a Car Accident?

Immediately stop at the scene. Call 911 if there are injuries. Call the police. In some areas police authorities may not come to every accident scene. They may consider factors such as the severity and location of the accident (e.g., some police authorities will not come to the scene if the accident is on private [..]

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