Liability coverage and car value? ( Back To Top)

1. State Minimums
Liability insurance is typically quoted in three categories, including personal injury to a single person, personal injury for all persons and property damage. Each category is usually quoted in thousands and divided by hash marks (/). Minimum levels of liability insurance vary from state to state and range from 10/20/10 in Florida to 50/100/55 in Wisconsin. New Hampshire is only state in the union that does not require automobile operators to maintain a minimum level of auto liability insurance, as of September 2010. However, New Hampshire does require a minimum level of uninsured motorist coverage.

2. Bodily Injury
The bodily injury component of car insurance is quoted in two sections, including bodily injuries sustained by one person and bodily injuries sustained by all persons involved in an at-fault accident. It is important to understand that the driver of the vehicle in an at-fault accident is not covered by her liability insurance policy. Bodily injury liability insurance covers against financial loss for medical expenses, funeral costs and legal fees. The North America Military Financial Education Center (NAMFEC) at the University of Maryland recommends drivers carry at least $100,000 per person and $300,000 per incident in bodily injury liability insurance.

3. Property Damage
The property damage component of car insurance covers against financial loss if the insured vehicle causes damage to another person's property. The damaged property may include another vehicle, a home, a mailbox, a fence or personal property inside the damaged vehicle. Property damage liability insurance also covers legal expenses in the event of a lawsuit. Property damage liability insurance does not cover financial loss resulting from damage to the insured's property. The NAMFEC recommends maintaining a minimum of $100,000 in property damage liability coverage.

4. Uninsured Motorist Insurance
Liability insurance protects an at-fault driver against financial loss associated with property damage or bodily injury to others. It does not protect the at-fault driver against personal injury to himself or property damage sustained by the vehicle he was driving. Liability insurance does not protect anyone in the event of an accident caused by another party. Edmunds estimates more than 16 percent of drivers are either uninsured or under insured. The NAMFEC recommends maintaining a minimum of $100,000 per person and $300,000 per accident of uninsured/under insured motorist insurance.

Source:http://www.ehow.com/info_7747241_recommended-amount-car-liability-insurance.html

Is my payment accepted immediately?  ( Back To Top)

If you make a payment online, by phone or by mobile phone, we will accept your payment immediately. If you have automatic payments set up, your payment will be accepted on the regularly scheduled date. If you mail your payment, we will note the postmark date on your envelope and consider your payment to be made on that date.

What happens if I mail a payment on the due date?  ( Back To Top)

We consider the postmark date on your envelope as your payment date, so even if you mail a payment on the due date, your payment will be considered on time.

How does Progressive determine my insurance rate?  ( Back To Top)

Progressive, like other insurers, groups customers based on similar characteristics, evaluates their claims experiences within these groups, and determines what to charge individuals with characteristics similar to members of the group. We charge a higher rate for customers more likely to have claims, and a lower rate for customers less likely to have claims.

We use insurance scores, and, depending on your state, we also consider your driving record, type of vehicle, where you live, your gender, your age and other factors.

How can I receive rates for other car insurance companies?  ( Back To Top)

To receive rates for other leading auto insurers in your state, you must get a car insurance quote first. Once you receive your quote, you can answer a few more questions to compare our rate with rates from other leading car insurance companies.

Why did my rate change after I received a quote?  ( Back To Top)

Several factors could influence why your rate changed between the time you received your quote and the time you decided to purchase your policy. If it's been a few months since you received your quote, it's possible we revised rates in your area, which could decrease or increase the price you pay for auto insurance. If you received a quote recently, it's possible something on your driving record - or the driving records of others on your policy - prompted a change in the quoted price.

Jewelry and cash coverage?  ( Back To Top)

1 Identify all valuable jewelry in your collection to insure. Inventory gold, platinum, pearls, diamonds, wedding or engagement rings, collectible costume jewelry, antique jewelry and watches. These items may be difficult or expensive to replace if lost or damaged; thus, having adequate insurance coverage is a necessity.
Step 2 Review existing policies to make sure you do not double-insure your items. If you have homeowners or renters insurance, check how much coverage is available for valuable jewelry. Note the situations covered: lost, stolen, destroyed or damaged. If you don't have a homeowners or renters policy, you may have to buy a stand-alone jewelry insurance policy.
Step 3 Get the jewelry appraised for insurance. Use the services of a professional appraiser or gemologist. Obtain a certificate of appraisal.
Step 4 Arrange an affordable deductible amount. Assess how much out-of-pocket expense you can afford in case of theft, loss or damage. Use this amount as your deductible.
Step 5 Check the type of insurance policy appropriate for the jewelry. Generally, insurance providers offer a "cash value" and a "replacement value" policy. Cash value pays the market value of lost or damaged jewelry. Replacement value policies pay replacement cost. Contact your homeowners/renters insurance companies to obtain and evaluate coverage and premiums. Also, contact jewelry insurance providers to include in your review. Most insurance companies provide online quotes.
Step 6 Schedule regular inspections for all insured valuable jewelry. Inspect your jewelry for maintenance and to secure stones and settings once or twice a year. During inspection, find out how much your jewelry is worth. Valuable and collectible jewelry may go up in value over time and this may require an adjustment to insurance policies.