Get Cheap Student Car Insurance
Reader’s Question:
One of my 2 daughters is now in college. For our peace of mind, her dad and I want her to have a student car insurance of her own. Any tips?
Ricky
Tacoma, WA
Greetings Ricky
One of the most emotional and hardest times in a parent’s life may be sending their kids to college. This is also the time when we as parents feel that we do not have control over our kids’ “comings and goings”. If your daughter has a car or if you are thinking of giving her a car of her own, it is also right to think about student car insurance. In Tacoma, Washington (WA), there’s some essential information necessary before and after purchasing student car insurance. One thing that parents in Tacoma, Washington (WA) have to keep in mind is that not all student car insurance is exactly the same in terms of coverage but most parts are basically the same. The primary elements that you focus on in student car insurance coverage are:
• Coverage for physical damage or bodily injuries incurred by the other driver/s.
• The student car insurance includes coverage for damages to the other person’s property.
• The student car insurance not only covers your daughter during collision with another car but also when colliding with an object such as utility pole or a fire hydrant
• It should also incorporate coverage on uncontrollable circumstances happening to the car and the things inside.
• One very important thing to consider in a student car insurance is the Personal Injury Protection. PIP covers the costs of medical expenses and things such as lost wages acquired after a car accident for the policy holder and the injured passengers.
• Lastly, the student car insurance must cover your daughter in case of a car accident against other drivers out there with no car insurance of their own.
You may get free quotes on student car insurance in this site so you’ll know how much it costs.
Annuity Options You Can Choose on your Retirement
Reader’s Question:
I’m considering buying separate annuity to give me regular income on top of my retirement pay. I’m just wondering what are the options for me to get paid?
Marsian
Bellevue, WA
Hello Marsian
It is good that you are considering annuity to supplant your retirement pay. You never know the needs that will arise in your family in Bellevue Washington WA if you stop working. Anyway to answer your question, you have several options to get paid.
First, you can choose the straight life annuity payment. This payout is favorable in a sense that you still get income even if your purchase payment has been withdrawn by you already. However, in the event that you die before your money was used up, you or your dependents will not be entitled to any more payout. In other words, your income will cease upon death. This is suitable if you don’t have dependent and if you plan to use up your income all the time.
The second option is what is called refund annuity. This provides lifetime income for you. In the event that you die before you use up all your purchase payments, it will be your dependents who will receive the amount not collected by you.
Finally, you can also choose the survivor or joint annuity. This provides lifetime income to you and your designated partner to the joint annuity. The amount paid out to you is reduced as it is divided with the amount that you assign your partner to receive. It will be your responsibility to assign the amount that your partner will receive during his or her lifetime. If you die, your designated partner in the joint annuity will get a lifetime income worth the amount that you assigned in the contract when you got the annuity.
To know the best option for you, it is best to talk to insurance agents in Bellevue Washington WA offering annuities. You can start asking quotes from this site and you will be given not just purchase price of different annuity, but you will also see the companies offering annuity. From there, you can start calling the company listed in the quote.
Where to Get Annuities in Washington
Reader’s Question:
I’ve heard that compared to life insurance, annuities can give me income within that time that I need it. Life insurance is for beneficiaries while annuity is for my current needs. But where will I get annuities here in Spokane Washington WA? Where are they sold?
Larry
Spokane, WA
Hello Larry
Actually, both life insurance and annuity are good financial investment. Only that they have different purposes and ways to provide your financial needs.
Life insurance is coverage for you upon death, in which your beneficiaries will receive financial assistance. Annuity on the other hand, is an income within your retirable age. It’s a long term financial support.
Annuity is a contract between a financial institution and you. This is actually sold by any banks, financial planners, insurance agents and insurance companies in Spokane Washington WA. It is the insurance company who provides policies for annuity. So among the financial institutions, you can get annuity in insurance company.
It could be that annuity is offered by sales agent or brokers. Before you deal with brokers or agents offering annuity, you must be sure that he or she is licensed to offer the product. You can find this out by checking on the state department in Spokane Washington WA. This way, you will be sure that the agent or broker is legally operating within the bounds and rules of the department. Also, the agent must be able to present you proposals or prospectus about annuity. If it is variable annuity, he must be able to give you investment options that are all legal and valid. As much as possible, give him as many questions as he can answer before you sign any contract. Remember that it will be your money that is at stake. You wouldn’t want to put it all to waste by dealing with illegitimate broker and agent, would you?
In the meantime, you can check annuity, either deferred or immediate annuity, in this site by requesting for quotes. At least, you would have idea how much is the purchase payment of annuity sold in your area.
Liability Auto Insurance Coverage in Washington
Reader’s Question:
I’m contemplating on buying my own car in the next few weeks which I will use in traveling from my Washington home to my office 40 minutes away and back. I’d like to have some background about auto insurance, particularly liability coverage.
Geraldine
Spokane, WA
Liability coverage is one of the six types of coverage that can be included in an auto insurance policy you buy in Spokane Washington WA. All but two states in the US (Wisconsin and New Hampshire) require that every driver carry liability insurance because it is considered a social responsibility.
When you drive, state laws such the ones implemented in Spokane Washington WA require you to have liability insurance at a certain minimum level to answer for bodily injury and property damage you accidentally cause to others. You can get this information from your nearest auto insurance agent. Liability coverage is a legal requirement; it’s essential. Aside from covering bodily injury and property damage, liability coverage also takes care of legal bills that result from an accident where you’re at fault.
When you examine an auto insurance policy you will see liability coverage limits expressed as a set of three numbers, like 25/45/20, which means: $25,000 bodily injury (BI) coverage per person up to a maximum of $45,000 per accident, and $20,000 property damage (PD) coverage per accident.
Included in BI coverage are medical bills and lost wages, while in PD coverage are repair or replacement of damaged property.
On this page is a form where you can enter your zip code and navigate into links that provide price information on auto insurance premiums.
In an Accident That is Not My Fault, Will I Get Paid if I Don’t Have Car Insurance
Reader’s Question:
Hi, I’m a driver and I live in Washington. If I figure in a road accident that’s solely the fault of the other party, will I get paid for the repairs to my car by that person’s auto insurance even if I don’t have car insurance?
Lynda
Bellevue, WA
Hello, Lynda. Let me comment outright on your saying “if I don’t have car insurance”. I hope it’s just an imaginary scenario for the sake of discussion and not really your case. Not having car insurance is a violation of the law in Bellevue Washington WA and all states of the USA. I’m sure you don’t want to be a violator, do you?
Based on the scenario you painted (particularly “a road accident that’s solely the fault of the other party”), I’d say yes, you might get paid if the other party carries liability auto insurance coverage in Bellevue Washington WA. The auto insurance carrier of that person is the one that pays for your car damage.
If your opinion turns out to be wrong and the fault is really shared, like 70% for her and 30% for you, then here’s how it goes. The other driver’s auto insurance will answer for his/her part of the damage. As to your share, it depends on whether the other driver has also uninsured motorist coverage in her auto insurance policy, which is only optional in all states.
If indeed you don’t have car insurance, get one immediately. Enter your zip code on the form you find on this page. This leads you to auto insurance price information that can be of great help to you.
Parked Car Got Damage, Will my Car Insurance Cover it?
Reader’s Question:
Whenever I leave my car in the parking lot of my favorite mall in Washington, I can’t help thinking: what if my parked car got damaged by another vehicle or as a result of mischief by an individual and nobody’s watching? Is there an insurance policy that would cover my car for such contingencies?
Jenny
Seattle, WA
Hello, Jenny. The scenario you’ve described is disappointing, to put it mildly, but it actually happens every now and then. A few drivers left their cars in the parking lot only to find upon their return that their vehicles have sustained some damage like dents and broken car lights. Usually nobody’s around to answer for the damage.
There’s a type of auto insurance policy that’s not required in any state law but will answer such need. It’s called comprehensive auto insurance. This is a product you can buy in Seattle Washington WA that falls under the “optional” category.
Comprehensive auto insurance covers damage inflected on cars caused by so-called “acts of God” (for instance, flood, earthquake, hurricane) or by any unidentified culprit, whether accidental or intentional. If a parked vehicle in Seattle Washington WA gets hit by accidental collision but the party at fault left the scene to avoid responsibility, the event will be treated as vandalism in a comprehensive auto insurance claim and the auto insurance carrier will pay for the damage using valuation called “fair market value”. Just be careful to read the comprehensive auto insurance policy and check that these details are indeed covered.
For comparative price information on comprehensive auto insurance policies, fill in the form you see on this page.
Most Commonly Used Terms in Life Insurance
Reader’s Question:
I am very unfamiliar with life insurance and the terms used for it. It seems to me there are just too many in Washington. Can you explain the most commonly used terms in life insurance?
Carlos
Bellingham, WA
There are indeed several terms akin to life insurance. But the truth is, it doesn’t take too long to figure these things out. There are online sites dedicated for defining terms used in life insurance, and there may even be sites giving out free quotes for life insurance. If you look closely, you will find out that this page is one such example. On this page, you will see a space bar asking for your zip code. Once you’ve typed in your zip code, there are a few questions you’d need to answer but they will be routine questions.
The most common term used in all life insurance policies is “death benefit”. This is the amount of money that the insurance company in Bellingham Washington WA will give you your pre-named beneficiary in the event of your death. Perhaps the next popular term is “premiums” which simply refers to the amount you need to pay to make your life insurance policy active. Then there is “term”, applicable only to term life insurance, which refers to the short duration of time the policy is applicable. The last word I’ll discuss would be “cash value” which is a sort of interest your money earns while it is with the insurance company in Bellingham Washington WA.
Your insurance agent (ideally) should be your first port of call. If you have any clarifications or uncertainties regarding your life insurance policy, do not hesitate to approach him.
Why you Need Life Insurance in Washington
Reader’s Question:
My wife is not too convinced that we need to get life insurance in Washington. She says that it is just a waste of money. Can you talk some sense to her?
Bryan
Enumclaw, WA
Bryan, perhaps your wife just didn’t know what she’d be getting if she’d invest in a life insurance policy – or rather, what your children would be getting out of the life insurance when you pass away. Had she known these, I am sure that your wife would be rushing out to your nearest insurer in Enumclaw Washington WA to get that ever-important life insurance policy.
If you and your wife were single and had no family to speak of, I would sort of understand your hesitation to avail of life insurance. But since you are married and (let me hazard a guess here) with kids, I know that you are thinking about their future. Life insurance protects your family and your loved ones from the dangers a reduced income would bring. When you pass away, your family will be subject to a sudden loss in income and may therefore affect their preferred lifestyle. We’ve heard too many stories and seen too many movies where families drastically had to adapt to the change in their lifestyle simply because they have reduced financial capabilities. Life insurance ensures that, at least for a specific duration, your family will continue to receive the same benefits having your salary around had.
By now you should have been convinced with the arguments I presented. So go on and enter your zip code on the space above to get free quotes from life insurance companies in Enumclaw Washington WA.
Finance Companies Will Require Auto Insurance for Financed Cars
Reader’s Question:
I asked around for an auto loan and all auto financing company asked me where my auto insurance is. Can auto financing companies require us to have auto insurance?
Adrian
Everett, WA
Most auto financing company will require you to provide auto insurance for the car you would be purchasing. Since you will be purchasing the car through a loan, it is technically not yours, until such time that you have repaid all your balance.
Having auto insurance covers both you and the lending institution from losing a huge chunk of money if anything happens to the car. Obviously, the car depreciates the minute you’ve used it and it will depreciate even more if it would figure in an incident early in its lifetime. Having auto insurance assures everybody that the car can be restored to near its original condition without anyone having to cash out huge amounts of money.
Getting auto insurance in Everett Washington WA is quite easy. You can even start shopping for auto insurance on this page, by entering your zip code on the space provided.
If you are unsure on how to go about getting auto insurance, you might want to meet with some of the Everett Washington WA insurers. There will be many in the area who will gladly explain the ins and outs of getting auto insurance for you. Alternatively, you can also ask your neighbor or family members if they can recommend a good auto insurer for you.
Does Black Cars Have Higher Car Insurance Rates?
Reader’s Question:
You know, I wonder why all the villains’ cars in the movies are always black. Is this the reason why black cars command higher auto insurance premiums in Shoreline Washington WA?
Savannah
Shoreline, WA
It certainly sounds as if you’ve watched a lot of movies and probably taken notes in most of them – does that make you a movie buff or a movie critic? I imagine you with your little notebook, stick-counting the times you see a villain with a black car. This observation is quite accurate – most cars belonging to villains and bad guys are usually black. But I’m sure you of all people can appreciate that Hollywood in general is all about image and branding and marketing. Black has always been connoted as bad, and certainly it looks more dramatic in the big screen than say, a yellow or orange car – it doesn’t feel as villainy, right?
But this fact is not taken into consideration by the insurance industry, Savannah. In fact, colors don’t really matter when you insure your car in Shoreline Washington WA. Only the make, year, brand and engine type are considered in evaluating your auto insurance. Credit history and driving record also affect your auto insurance premiums. Your relationship with your past auto insurance companies will also affect your premiums. If you are the sort who changes auto insurers from time to time, your next insurer might deem you a high risk applicant and therefore will charge you with higher premiums.
Auto insurance companies in Shoreline Washington WA will be happy to assist you, Savannah, in your search for auto insurance policies. Just give them a ring and do not hesitate to ask anything that has been bugging your mind.