Tag: Car insurance

Hail Damage and Car Insurance Claims

3 major hail storms have rocked the Dallas / Fort Worth area over the last 6 weeks. Most of the attention has been on the damage to roofs, but our cars, trucks, and SUVs have taken a beating too! I thought this would be an appropriate time to look at car insurance and hail claims. We’ll examine what coverage applies, determining whether or not to file a claim, options if your car is totaled. I’ll also touch on one important thing to ask when talking with claim adjusters!

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My Car Accident and Insurance Claim Part 2

Last week, I introduced the topic of Sheri’s and my car accident, which happened three weeks ago, and outlined what to do if you’re involved in an accident while at the accident scene. This week, I will outline the claim process we went through and how a decision we made a few months ago on our car’s coverage shaped our options. Maybe our experience will help you navigate a car insurance claim.

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Umbrella Insurance – What is it and Who Needs One?

I was gathering information a few days ago from a prospective client on a new home she and her husband are buying. Once we’d reviewed everything for me to quote their home and car insurance, I asked her a question that allows me to advise them on their property and liability coverage. The question was, “Without providing me a specific number, is your family’s combined annual household income north or south of $125,000?”

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The Flying Wrench and the Car Insurance Claim

I was talking with a friend of mine who’s a Dallas area financial planner. His wife had just gotten their vehicle back from the repair shop after being in an accident where someone had hit them. The new paint on their vehicle was still curing so the car couldn’t be washed. As his wife drove on Central Expressway in Dallas, a wrench fell off a truck, struck their car, breaking the new grill and then gouging the hood. Luckily, the wrench didn’t hit the windshield in front of his wife or pass through it. She was safe, but they have another car insurance claim on their hands.

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An Update on Driverless Cars and Car Insurance

The National Highway Traffic Safety Administration (NHTSA) sent a letter to the head of Google’s self-driving car program on February 4th stating according to federal safety standards, a self-driving or autonomous vehicle’s software could be considered a “driver.” This announcement, along with a couple of other items that have come to light in the past few weeks provide an interesting perspective on autonomous vehicles and car insurance.

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How Do Car Insurance Companies Handle Uninsured Motorist Claims

How do car insurance companies handle claims when one of their clients are struck by a driver who doesn’t have car insurance? Most people never think about this, but I see it several times a year as the Dallas / Fort Worth area has historically had the highest percentage of drivers without car insurance, or uninsured motorists, in Texas. The only time most people think about this after they’ve been hit by an uninsured driver.

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How to Choose a Credit Repair Company

Changing our calendars to a fresh new year can cause us to reflect on what has transpired over the past twelve months. Many who do that resolve to initiate changes and renew a commitment or promise to themselves to do some things different. Along with people filling up the local gyms with a regenerated desire to get their bodies in shape, many take a look at their finances to consider ways they can improve their financial bottom line.

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Rental Cars and Car Insurance

Christmas arrives next week. In addition to knocking out the shopping for those who haven’t finished it yet, many people will be visiting friends and family or packing in a family get away before school starts back up. In many cases, this means, people will be renting a car. The big question I get from clients when travel is about to take place is whether or not their car insurance covers a rental car.

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End of Year Insurance Review

There have been a number of several articles and blog posts since the first of December on end of year financial planning and moves to make. Some are written to address end of year tax moves you can take now, while others address items to rebalance your portfolio better, open an IRA, and improve your financial position now and in 2016.

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How Much Car Insurance do You Need?

I had lunch on Wednesday with a client. We caught up with each other, discussed how our businesses are doing, and then I reviewed his current insurance coverage and potential changes he should consider. His business is growing, and that means he’s transitioning in how insurance is approached. In these cases, it means insurance changes from a tool that protects cars and homes to providing financial protection. The question we discussed was how much car insurance is needed to protect him and his family.

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