Archive for August, 2012
Auto insurance quotes can vary greatly as they depend on numerous factors. Some of these factors are more obvious while other may raise an eyebrow in customers who don’t share the insurance providers’ logic. And some of these factors may even seem a bit discriminatory. Such is the status of driver’s age, which is a topic for heated debate between customers and insurers. The thing is that depending on your age only you can get very different auto insurance quotes while choosing the same amount of coverage for the same car. At times the discrepancy can be double the amount, so it really gives a headache to certain groups of drivers who are unfortunate to be of a certain age. But before you start arguing with your provider it is recommended to learn why exactly it is so.
Insurers regard the driver’s age as a determining factor for their driving skills and experience. This link is based on the statistical data accumulated throughout the decades and thousands of auto insurance claims settled. The rule of thumb is that the older is the driver the less likely he or she is to produce an accident due to the accumulated driving experience. Of course, as with any rule there are many exceptions, and there is also a point when age starts to deliver a negative effect on driving skills. But since the majority of distinct age group representatives correspond to this rule, auto insurance providers charge people differently depending on their age.
Homeowners often think because they have a comprehensive homeowners insurance policy, that it covers them for flood. Comprehensive policies are among the most expensive policies; however, they give a great range of coverage. They cover water damage as well as fire, theft, and even vandalism. Usually they pay the replacement value. Flood damage and water damage, however, are defined as two different things by insurance companies and this is something you should be aware of. Also, standard policies do not cover either of these situations.
Water damages come from things like storms that are so violent they damage a portion of the roof allowing water through the roof or wall into a room or attic. It covers driving wind and rain that breaks a window causing water damage to a room. It covers a burst pipe provided you are not negligent in the upkeep of the plumbing. Or, in the case of a frozen pipe bursting, you are covered as long as you did not leave the house unattended for a period of time, without taking preventative measures, such as draining the pipes. Water damage caused by an appliance failure usually covers parts of the house and furniture but not the appliance. Coverage may be denied if the failure of the appliance is caused by poor maintenance.