What is Uninsured and Underinsured Motorist Auto Insurance Coverage

Uninsured (UM) and underinsured motorist (UIM) auto insurance coverage is not required in all states, and it’s a good idea to add this protection to a policy anyway. It provides insurance protection if an accident occurs and the at-fault driver either doesn’t have any auto insurance coverage or doesn’t have enough insurance to pay for the damages he or she caused. Even though most parts of the United States have passed laws requiring drivers to carry at least a minimum level of auto insurance coverage, not everyone on the road complies with the law. When people are looking to make…

What is Gap Auto Insurance Coverage

Gap auto insurance coverage is put in place to pay the difference between the amount you owe on your car and its cash value. Some gap policies will also pay your collision or comprehensive policy deductible. If your car is totaled as the result of a collision, fire, flooding, falling objects or theft, the insurance company will pay out based on its cash value. You aren’t compensated based on how much you paid for your car or its replacement value. Since a car depreciates very quickly after purchase, it is possible to owe more on the auto loan or lease…

Can I Buy Tourist Auto Insurance Coverage

Foreign drivers who are planning a trip may be wondering whether they can buy tourist auto insurance coverage. Car rental companies do offer some insurance protection to their customers, but this may not be enough coverage if a serious accident occurs. A better choice is to arrange for tourist auto insurance coverage before arriving in the country. The time for a driver to start looking for tourist auto insurance coverage is before leaving the country. Not all auto insurance companies will provide this type of protection. A driver who is interested in buying this type of temporary auto insurance coverage…

How Do I Change Auto Insurance Companies

Customers can change auto insurance companies at any time they wish. The easiest way to move to a different provider is when your current auto insurance term expires. You can also switch companies while your current coverage is in effect by notifying the auto insurance provider that you would like your coverage canceled as of a specific date. Change Auto Insurance Company at End of Term Shortly before your current auto insurance coverage is up for renewal, you will receive a notice in the mail from the company with the rate it will charge to continue covering you for the…