Car Insurance Myth # 9

Tuesday, January 3rd, 2012 | Personal Insurance | Comments Off

“No-fault” insurance refers to an accident that is not the policy holders fault.

Truth: “No fault” just means that your own policy will pay for your injury-related bills regardless of who is at fault.  Colorado is a tort state.  This basically means that the insurance of the at fault driver pays the injury related bills.

Car Insurance Myth # 10

Monday, January 2nd, 2012 | Personal Insurance | Comments Off

My car will be declared a total loss if it cannot be driven away after an accident.

Truth: Not necessarily.  A total loss is generally declared if the cost to repair the vehicle exceeds a certain percentage of the value.  A car can also be declared a total loss just if the airbags go off and there is minimal damage.  Every accident is different.

Car Insurance Myth #11

Sunday, January 1st, 2012 | Personal Insurance | Comments Off

If my car is totaled, my insurance will pay off what I owe on my loan.

Truth:  Maybe.  If your car is totaled, your insurance will pay what the car is valued at, minus your deductible.  (Think blue book.)  If you owe more than the vehicle is worth, you will have to come up with the difference.  Yikes!!!  If you have a loan or a lease on a vehicle please consider gap coverage.  This is  a very inexpensive coverage that will take care of this difference if your car is totaled.

Car Insurance Myth # 12

Saturday, December 31st, 2011 | Personal Insurance | Comments Off

My insurance will cover me if my car is stolen or vandalized.

Truth:  Only if you have the right coverage.  Comprehensive is the coverage you need to be protected against theft and vandalism.  Comprehensive coverage protects you against other things as well.  Are you covered?  Call me today at 242-7526 to make sure.

Car Insurance Myth #13

Friday, December 30th, 2011 | Personal Insurance | Comments Off

Thieves are more likely to steal new cars.

Truth:  SO not true!!!  For three years running the number one stolen car has been the 1994 Honda Accord.  In 2011 the number 2 stolen car was the 1995 Honda Civic, and number 3 was the 1991 Toyota Camry.

Why?  They are easier to steal and more valuable in the used car parts market.

Car Insurance Myth # 14

Thursday, December 29th, 2011 | Personal Insurance | Comments Off

If  items are stolen from my car, they are covered under my auto policy.

Truth:  Actually, it is generally your homeowners or renters policy that covers items stolen from your car.    Make sure you have adequate protection!

Car Insurance Myth #15

Wednesday, December 28th, 2011 | Personal Insurance | Comments Off

Drivers of sports cars get more tickets and pay higher insurance premiums.

Turth:  Not so much.  Nine of the top 10 cars with the most driving violations were NOT performance models!  It is not the car, it is the behavior of  the driver.  A 35 year old Corvette driver with a clean driving record will likely pay less than a 24 year old with tickets driving a Scion.

Fiat 500 earns IIHS Top Safety Pick award

Thursday, November 17th, 2011 | Personal Insurance | Comments Off

Five minivans earn Top Safety Pick award

Wednesday, November 16th, 2011 | Personal Insurance | Comments Off

ARLINGTON, VA — Five minivan models have earned the 2011 Top Safety Pick award from the Insurance Institute for Highway Safety, standing out from competitors for superior protection in rollover crashes.\

Read the report here: http://www.iihs.org/news/rss/pr110111.html

Fire Prevention Tips: Smoke Alarms

Saturday, November 5th, 2011 | Personal Insurance | Comments Off

It is very important to have a working smoke alarm with a working battery in your home. If you have that, it greatly lowers your chances of dying in a fire.

Follow these 10 easy tips on smoke alarms:

1. One of the best ways to protect yourself and your family is to have a working smoke alarm that can sound fast for both a fire that has flames, and a smoky fire that has fumes without flames. It is called a “Dual Sensor Smoke Alarm.”
2. Place a smoke alarm on the ceiling of every level of your home and outside bedrooms. Children and older people can sleep though the loud sound of a smoke alarm. Make sure your escape plan includes someone that can help children and others wake up immediately to escape from the home.

Read the entire article here: http://www.usfa.fema.gov/media/prevention/ffwf-10.shtm