Archive for December, 2008

I am looking for a used car and dealer offered me gap. I took a huge loss on a truck I had. The purchase price of the vehicle will be $15,000. The loan will be for $26,000 to pay off car and what I lost in selling of the truck. If I get gap insurance will the whole total of $26,000 be paid off off or how does this work?

Money rolled over from a previous trade in or another vehicle’s loan would not normally be covered by your Gap insurance. Gap insurance is there to fill in the gap between the actual cash value of your car and the balance of the loan, but of the loan amount that is for that ca…

I was involved in an accident there was an inch of ice and I hit a rock wall. I was wondering if it would be comprehensive or collision coverage claim? And is it true that if the total amount of damages is less than $1000 that New York State law states they can not raise my insurance rates?

We hope that you are okay. If you slid on the ice and collided with the rock wall this would be a Collision claim. You hit an object so it falls under Collision and not Other Than Collision / Comprehensive coverages. According to the New York State Department of Insurance …

I am looking for a used car and dealer offered me gap. I took a huge loss on a truck I had. The purchase price of the vehicle will be $15,000. The loan will be for $26,000 to pay off car and what I lost in selling of the truck. If I get gap insurance will the whole total of $26,000 be paid off off or how does this work?

Money rolled over from a previous trade in or another vehicle’s loan would not normally be covered by your Gap insurance. Gap insurance is there to fill in the gap between the actual cash value of your car and the balance of the loan, but of the loan amount that is for that ca…

I was involved in an accident there was an inch of ice and I hit a rock wall. I was wondering if it would be comprehensive or collision coverage claim? And is it true that if the total amount of damages is less than $1000 that New York State law states they can not raise my insurance rates?

We hope that you are okay. If you slid on the ice and collided with the rock wall this would be a Collision claim. You hit an object so it falls under Collision and not Other Than Collision / Comprehensive coverages. According to the New York State Department of Insurance …

We lived in Texas was going to retire in Georgia but did not like it we are now back in TX what do we need to transfer first our tags or driving licenses? We have already transferred our insurance?

Since you already change over your insurance it would be wise to change over your vehicle’s plates and registration to Texas as soon as possible or else Georgia may penalize you for a lapse in GA insurance. According to the Texas Department of Transportation (TXDOT) if you ar…

We lived in Texas was going to retire in Georgia but did not like it we are now back in TX what do we need to transfer first our tags or driving licenses? We have already transferred our insurance?

Since you already change over your insurance it would be wise to change over your vehicle’s plates and registration to Texas as soon as possible or else Georgia may penalize you for a lapse in GA insurance. According to the Texas Department of Transportation (TXDOT) if you ar…

If a tree branch falls onto a moving car, would this fall under collision or comprehensive?

If a tree falls in a forest and no one is around to hear it, does it make a sound? Whether your car is moving or stationary a tree branch or limb falling on your car would normally be covered under the “other than collision” or Comprehensive portion of your auto insurance covera…

If a tree branch falls onto a moving car, would this fall under collision or comprehensive?

If a tree falls in a forest and no one is around to hear it, does it make a sound? Whether your car is moving or stationary a tree branch or limb falling on your car would normally be covered under the “other than collision” or Comprehensive portion of your auto insurance covera…

We received a speeding ticket in LA and we reside in TX. Will this appear on my driving record? Will it affect my insurance?

As you may be aware both Texas and Louisiana are both members of the Drivers License Compact (DLC) so if you are convicted of the speeding offense in LA than their courts would inform the TX Department of Public Safety. This is because the DLC requires member states to notify …

We received a speeding ticket in LA and we reside in TX. Will this appear on my driving record? Will it affect my insurance?

As you may be aware both Texas and Louisiana are both members of the Drivers License Compact (DLC) so if you are convicted of the speeding offense in LA than their courts would inform the TX Department of Public Safety. This is because the DLC requires member states to notify …