Did you know that on average you are ten times more likely to have a major mechanical break-down than you are to get into a car accident? To prepare for just such an event, you’d be smart to look into getting what is known as Mechanical Breakdown Protection (MBP), especially if the warranty on your car is about to or has expired. Statistics show most mechanical failures occur after the expiration of the factory warranty.

Breakdowns rarely come with a warning and car repairs usually can’t wait. So having Mechanical Breakdown Protection will save you from the scramble and pressure of coming up with cash for any costly repairs. And this “peace of mind” costs less than your daily cup of coffee over the life of the plan.

There is a simple formula you can use to determine whether MBP is a good fit. First, take into account the age and miles on your vehicle. Then, consider the cost of replacing some of the bigger systems or parts on your car: the engine, the transmission, the air conditioner or a combination of repairs. Finally, ask yourself if you have the money to pay for these expenses if they were to occur.

Keep in mind, going with a MBP typically saves you more money than purchasing an extended warranty and provides you with more coverage and benefits. Visit our site to find a Mechanical Breakdown Protection policy that fits your needs.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

As with many insurance-related issues, the answer to this question can vary by state and by insurance company.  In most cases, in order to insure a vehicle, you must be able to show that you have an insurable interest in the vehicle. Insurable interest means that you would suffer a financial loss if your vehicle were to be damaged. For example, if your car was damaged due to an auto accident, you would suffer a loss. On the other hand, if your neighbor’s car was damaged, you would not suffer a loss, as you would with your own. Insurable interest is required to prevent individuals from benefiting from the insurance on the property (or even lives) of others.

There are instances, however, where you can insure a vehicle when your name is not on the title. For example, your parents could loan you a car to drive for a few years and ask that you take care of the coverage. In this case, some insurance companies will require that the owner, in this case one of your parents, be listed on the policy as well.

There are other situations where you may be driving a car that you do not own and will need coverage. You may be driving a commercial vehicle owned by your company. In this case, you will often be covered on a commercial policy.  If you are renting a car, insurance can be purchsed through the rental company.  In addition, if you don’t own a car, there is a form of coverage that may be purchased called a non-owner operator policy, which will cover your liability while operating a vehicle you do not own.

Your unique situation may be different than these mentioned above.  If you find yourself needing converage on a vehicle you do not own, contact a PoliSeek representative. They can help you to find the right insurer to fit your needs.

No Fault Insurance is written into some state auto insurance laws to help reduce the costs of litigation. When a No Fault law is in place, it means that no matter who is at fault for an accident, each individual and ultimately their insurance company, is responsible for covering their own damages and losses. No fault insurance has the goal of reducing insurance premiums by avoiding litigation over the causes of accidents, while providing quick payments for injuries. The victim’s insurance company would only pay out the claim, while the driver-at-fault’s insurance company would pay out a claim and charge that individual a higher premium as they are now a higher risk.

If you live in a state that has a no fault insurance law, it means that you will be required to carry a certain minimum insurance coverage to be sure that you can pay for damages that may occur in the event of an accident. In most cases, the minimum coverages that you will have to carry are:

Injury/Property Damage (BI/PD)

Personal Injury Protection (PIP)

Property Protection Insurance (PPI)

Each no fault state will have some different requirements, so you will want to check with your state or your local insurance agency to know what the exact minimums are that you must carry.

For more information about no fault insurance or for a free quote, please call one of our experienced representatives at 866-540-7335, or get a free insurance quote online at https://www.poliseek.com/auto-insurance-quote.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

Car accidents happen. The probability of you being involved in some sort of driving accident within a period of a few years is very high. So, if you get into that situation and you feel that you were not responsible for the incident, keep in mind that the person who is “at fault” is determined by the authorities, not by you. Even if you didn’t claim liability for the accident and you plead with the police, generally the person who receives the ticket will be the person considered to be “at fault”.

Depending on your state’s laws and the circumstances surrounding the accident, the “at fault” factor is often the most important one in determining the amount of compensation you may receive or the amount of money you will have to pay after an accident. Even though it may have been “cut and dry” as to who was responsible, an insurance company would still have to determine how much you or the other party was “at fault”.

If you want to be totally sure of who is responsible for the accident in question, you should always perform your due diligence and request a copy of the police report from the traffic division of the police department. You never know, but the police officer who wrote the report could have mentioned some infraction that the other party committed and therefore could help you in your case. Keep in mind that every insurance company has its own policies, so you should always take note of your specific coverage to see what kind of recourse you have when it comes to any change in premiums. You should also check your state laws for any support in your case. Remember, you can never strengthen your side of the story too much; try to get that “official” support for your argument.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

After you purchase a new car from a dealer or a private seller, you must have it insured.  Not carrying insurance on it is dangerous and illegal.    If you don’t have insurance already, you should get a quote on the vehicle you’re planning to buy beforehand, and make arrangements to purchase the policy at the same time you buy the vehicle.  If you have insurance already, car dealers will often tell you that you have a “grace period” or “30 days of free insurance”.  This is misleading.  While the automatic coverage provisions of most insurance policies do give you a certain period of time to add the car after purchase, you may need additional coverages, higher limits (if you lease), or other changes.  Additionally, you may wish to purchase mechanical breakdown coverage instead of an expensive extended warranty.  For all of these reasons, it is important to call your agent or insurance carrier immediately after purchasing a car to make sure you are fully covered.   You will want to check with your individual provider to get the specifics of your auto insurance policy.

If you are purchasing a car with financing, or leasing a vehicle, in many cases the dealership or bank will require you to at least have enough physical damage coverage to cover the cost of the vehicle.  You will have to have this before you drive the car off the lot.  Again, this will depend on the dealership.

With insurance companies being online, it is not hard to add a vehicle that day.  If you have an auto insurance policy through PoliSeek, you can log on at https://www.poliseek.com/add-vehicle and update your account.  In other cases you can call right from the dealership and have the new car added and be fully covered.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

In harder economic times, people are looking to save money in any way they can.  Many people will try to save by reducing their auto insurance to the state’s minimum requirements.  While in theory this seems like a good idea, there can be many flaws in this plan that can end up costing people more money if they should happen to have an accident.  

For example purposes, let’s look at the state of Florida. In Florida, minimum coverage is $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL).  If you only have the minimum amount and you have a semi-serious accident, your coverage will be exhausted, and then you will be required to pay the rest out of pocket.  Depending on the amount, this out of pocket expense could be significant.

You also have to determine what type of area you live in.  If you frequently commute to an area where people drive more expensive than average cars, you may want to increase your policy.  Even minor accidents with expensive cars can go beyond minimum coverage’s.

If you need assistance with determining what type of coverage is best for you, contact http://www.poliseek.com to help you find the best coverage at an affordable rate.

This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.

What is Commercial Auto Liability Coverage?
Commercial Auto Liability Coverage provides protection for any company owned or leased vehicle.  Polices can cover collision and damage protection, as well as coverage for property and personal injury.

Why do I need Commercial Auto Liability Coverage?
Just as you would have personal auto insurance, you will need policies to cover your pool of commercial vehicles.  In the event that you or any of your employees are in an accident while driving a company vehicle, you will need to be covered should there be any damage or injury to all parties involved in the accident.  It is especially important when it is a business vehicle, because if there is a lawsuit involved, the suing party may be able to go after your company’s assets, leaving you in a very tenuous position. 

What are the basics of Commercial Auto Liability Coverage?
When you are looking for commercial auto coverage, you will find that a lot of the same principles apply which would also apply to buying personal auto insurance.  You will want to make sure you have the right amount of coverage in six basic areas.  These include:

•           Bodily Injury Liability
•           Personal Injury Protection
•           Property Damage Liability
•           Collision
•           Comprehensive
•           Uninsured Motorists.

For more information about commercial auto liability coverage and other types of policies, please complete an online insurance quote at PoliSeek.

A deductible is an amount of money which, in the event of a covered loss, you are required to pay prior to the insurer being liable for any damages. The purpose of a deductible is to eliminate the expense of processing small claims.

Is it better to have a higher or a lower deductible?  This is a question that is often asked, and the answer can be different for everyone.  The answer boils down to the amount that you are willing to pay for your auto insurance policy, and the amount you are willing to pay out of pocket to repair your vehicle. 

Often, those that carry a low deductible live in a more congested area where the probability of an accident is much higher. Carrying a lower deductible can mean that you will have a higher premium for the overall plan.   You may want to elect to have a lower deductible if you have been in many accidents or live in an area where you are more likely to be involved in an accident, such as a large city. 

Carrying a higher deductible will result in having a lower premium for your policy.  Drivers may want to have a higher deductible if they have not been in an accident, or live in an area where being in an accident is less likely.  People who drive or live in rural areas may carry a higher deductible to reduce the overall cost of the premium.

When it comes to choosing which scenario to consider, you should review your past driving record and consult with an insurance professional.  For more information or to receive a free quote, please contact a PoliSeek Insurance specialist or call 866-540-7335.

There are times when an automobile is involved in an accident that is so severe the car is a total loss.  What is a total loss?  How is it determined?  Put simply, a total loss is when the cost to repair the car is greater than the vehicle’s actual cash value.

The longer explanation involves a combination of factors: total loss is when the cost of repairing the automobile, plus its salvage value, plus rental reimbursement expense during repair equals or exceeds its actual cash value.  (Salvage value is the money an auto insurance company would recoup when selling the damaged vehicle through a licensed salvage vendor.)

In general, most auto insurance companies will declare a car to be a total loss if it could not safely or physically be repaired to its pre-accident condition.  Also, a total loss would also occur if the vehicle were stolen and not recovered.

It’s important to note that there are state thresholds that can dictate when a car is considered a total loss and when it’s not.  There are some cases where a vehicle may have sustained damage and the cost to repair doesn’t exceed the state’s threshold.   The threshold varies from state to state.  In order to determine what your state’s threshold is, contact your auto insurance agent for more information.

If a car is declared a total loss, what will the auto insurance company pay for?  This can depend on the individual situation.  The auto insurance agent or insurance company can advise what it is willing to cover and how it determines what constitutes a total loss of a vehicle.

NOTE: The purpose of this article is to provide general information on the law, which is subject to change.  If you have a specific legal problem, you may want to consult your lawyer.  For any auto insurance related questions, you may wish to consult your insurance company or insurance agent.

There are times when you need to borrow a car from a friend, or, when a friend borrows a car from you.  But what if an accident happens if you are driving your friend’s car?  Whose auto insurance is going to cover the damage – yours or your friend’s?

Most people loan cars to others with the assumption that their auto insurance coverage will automatically transfer to the person who is borrowing the car.  In general, auto insurance policies cover the sporadic sharing of cars between friends – however, before borrowing a car or loaning yours out, check your auto insurance policy to be sure.  Sometimes there are specific insurance policy conditions that relate to permissive user guidelines and you are better off knowing what these conditions are before sharing a vehicle.

You should also check who is covered under your auto insurance policy – for instance, it’s possible that some drivers are excluded under your policy.  To get the best information, contact your auto insurance agent or company to ask details on their guidelines for lending others a car.  You should not assume that drivers are automatically covered if they do not live in your household.  It’s always best to contact your insurer if you have any questions or doubts about your coverage or the rules of your policy.

NOTE: The purpose of this article is to provide general information on the law, which is subject to change.  If you have a specific legal problem, you may want to consult your lawyer.  For any auto insurance related questions, you may wish to consult your insurance company or insurance agent. This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein.  No warranty or appropriateness for a specific purpose is expressed or implied.