Here is my current insurance coverage:Two adult drivers I have to check and see if we receive insurance "discounts" (i.e., air bag, good credit, alarm, multi-car, multi-policy, etc.)I was recently married and added to my DH's policy in January.DH car => 95 Honda Accord (kbb online says worth $2540-$3090)my car => 01 Honda Accord (kbb online says worth $12705)extra car => 94 Chevy Corsica (kbb online says woth $1080-$1460)I just added the third car due to my daily work commute of 70 miles round trip. I didn't want to add so many miles to my 01 Honda. My dad gave me the Chevy, so it was a good deal. :-)Coverage:Bodily injury each person/each occurrence100,000/300,000 THIS LOOKS HIGH TO ME. Property damage liability $ limits (each occurrence) 50,000Underinsured motorist bodily injury $ limits each person/each occurrence100,000/300,000 THIS LOOKS HIGH TO ME. Underinsured motorist property damage $ limit each occurrence25,000Medical payments $ limit each person2,000Collision deductible each occurrencedeductible => 100 for Hondasno collision for ChevyComprehensive deductibledeductible = 0 for each vehicle? I KNOW THAT I NEED TO RAISE THIS TO EITHER $250 or $500Towing50 per breakdown. SHOULDN'T HAVING AAA COVER THIS SO THAT I CAN DROP THIS? Increased limits transportation expenses coverageWHAT IS THIS? SHOULDN'T HAVING AAA COVER THIS SO THAT I CAN DROP THIS? ???????? QUESTIONS ???????So, how does this insurance scenario look? How can I lower my costs?I know that collision covers property damage to the car due to hitting a deer, hail damage, or a rock hitting the car/windshield, etc. And I know that liability covers damage to other person's car that gets damaged. I am just not sure what comprehensive insurance is, or what is covers.Thanks,diat
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra