Lapse in Coverage’s  is a termination of a policy due to non-payment of premiums.
Sometimes if the lapse in coverage is not more then 30 days the insurance company will let you reinstate you policy as long as you pay up to the current billing cycle and you not had any accidents.  Otherwise you are having to re write your auto insurance policy and starting over which may include application/processing fees.

Named Driver Exclusion is an endorsement to your auto policy that provides that a policy does not cover accidents when a specifically named person is the driver.
 

In some states, this is mandatory, and a car owner has to have at least the basic auto insurance policy. It’s extremely cheap and it allows you to drive you car without thinking about what would you do in case something happens. A car insurance policy will protect you in case of an accident, in case of a disaster – for example, when a tree fells on your car, if your car is stolen or destroyed and so on. The price will vary from company to company, but also it will be a difference because the packages range from basic to compete insurance.

Policy Owner is the person or party who owns an individual insurance policy. This person may be the insured, the beneficiary or another person. The policy owner usually is the one who pays the premium and is the only person who may make changes to a policy.

A father in Croatia’s quick thinking may have saved the life of his child after he pushed the stroller out of the way of a drunk driver. The incident happened Saturday in Zagreb, Croatia.  The drunk driver lost control of his Audi Saturday afternoon, sending it careening over several barriers to where the father was walking with his three-month-old child.

Here are some tips on how to maintain that new care feeling as long as possible.

*  Avoid over accelerating for the first 1000 miles

*  Check you owners manual to see if your vehicle’s manufacturer suggest a speed limitations while the vehicle is new

* If possible do not let your vehicle idle for a long period of time. Oil pressure drops during idling, and makes it difficult for oil to circulate thorough the entire engine.

*  Avoid putting trailers on carrying heavy materials in the trunk or on the roof rack to reduce strain on the new engine.

* Change your oil twice during the break in period. Once after driving 20 miles and again at 1000 miles. Using this oil change protocal will remove initial engine sediment and have a positive impact on performance.

* Wash you vehicle once a week (or as often as local water restrictions will permit) This simple tip can help to reduce nick and scratches cause by road dirt and grime.

* Like with the outside of your vehicle you will want to keep clean the inside. Stay away from protectants that can break down the cars vinyl. Wipe down the interior with a clean cloth instead.  You may also want to apply a coat of fabric protector to the carpets and cloth upholstery.

Costco Auto Program brings exclusive offer to Costco members.

The Costco Auto Program has partnered each year with GM since 2011, to bring Costco members special promotions. These offers have featured a variety of models from various GM brands, including Buick, Cadillac, Chevrolet and GMC.  During these promotions, members have received GM supplier pricing, rebates and incentives, and a Costco Cash card for completing a Costco Auto Program survey.

With that in mind, Costco and Chevrolet are introducing a fist of its kind promotion from April 1st though May  31st 2016 offering a 2016 Chevrolet Silverado 150 LTA Crew CAb with a special Costco Signature package designed only for Costco members. Find out more by contacting your local Costco.

And remember if you need auto insurance, Online vehicle insurance offers immediately comparisons for the cheapest car insurance quotes using best American insurance companies.

Self-driving vehicles may be hitting the road sooner then latter.  Proponents say that self-driving vehicles will free up driving time, reduce accidents, minimize congestion and yield economic benefits.

Where as critics of self-driving vehicles wonder how these cars will preform in hazardous road conditions and point to legal and ethical issues that need to be addressed before we make these vehicles a mainstay on our streets.

What do you think?

There are money saving measures you can take without putting yourself at risk.  Here are a few tips.

1. Report any reduced mileage if you r vehicle usage has changed.  By driving less, you may qualify for a low mileage discount.  Make sure it is an honest assessment however, as many insurance companies now have infomatics that enable them to more accurately predict and/or verify mileage utilization. If a discrepancy is found your premium can be adjusted to reflect that and or your policy can be canceled.
2. If you are buying a vehicle, research typical repairs cost before  you buy.  Vehicles that cost more to repair or are popular with thieves, can cost more to insure.
3. If you are driving a dependable beater not worth more then a few thousand dollars, consider dropping collision coverage to save money.
4. If you have teens that are in the household, good grades will be important.  As most insurance companies will provide discounted rates for good students
5.  Maintain a good driving record, many people know auto insurance premium rates go up when you have tickets or at fault accidents, but most insurance company reward good drivers with a discount as well.

Medical expense coverage also sometimes refer to as “med pay” can help, because even though you may have health insurance coverage’s, you still need to cover costs for anyone who may be in your vehicle at the time of an accident.  Medical payment coverage is also important if you may need to cover treatment from a doctor or practitioner who does not accept insurance or who has high co-pays you may not be able to meet.

Your main goal should be to protect yourself in case of a serious accident.  Often times people tend to buy only their state minimum required coverage’s. However, state minimum coverage gives you minimal protection and is not enough to protect the assets of most drivers.   If you do not have enough coverage on your auto policy and a serious accident occurs, your personal assets could be at risk to settle an insurance claim.

Also it is advised that just having liability is not enough, in order to protect yourself you should also have Uninsured/Underinsured motorists coverage (some state require this coverage others will let you wave Uninsured/Underinsured motorist from  your vehicle policy).  Usually your Uninsured/Underinsured limits are the same as your liability limits. So if you have state minimum liability you have those same limits for your Uninsured/Underinsured.  Many insurance companies/agents would advise a minimum of 100,000/300,000 bodily injury liability with matching Uninsured/Underinsured limits. With both of these coverage’s it will protect you if you are sued or in an accident with an uninsured or underinsured motorist.

In general here is what your auto insurance policy terms means. However it is highly advised that you fully read your auto policy terms and conditions. If there is anything you do not fully understand call your auto agent and or your insurance company member service line to have them explain it to you.

Bodily Injury liability:  Bodily injury liability covers medical treatment rehabilitation and funeral costs incurred by your passengers, other drivers and their passengers, and injured pedestrians. Other cost covered may include legal fees and non-monetary loses related to pain and suffering.

Property Damage Liability: Property damage liability covers the repair or replacement of other drivers vehicle and property

Uninsured/Underinsured Motorist: This benefit covers losses caused by another driver who has insufficient or no auto insurance, including medical and funeral costs of the victims in your car as well as pain and suffering losses

Collision: Collision pays to repair or replace your vehicle after an accident.

Comprehensive: Comprehensive protects your vehicle against damage not resulting from a collision, such as damage caused by certain natural disasters, vandalism, fire or water,  it also protects your vehicle from theft.

Medical Expense: Medical expense pays the deductibles and co-payments not covered by your or your passenger’s health insurance.  It also covers some funeral and rehabilitation cost.

Loan/Lease gap coverage: This benefit protects you from paying out the difference between the amount you owe on your vehicle loan and the vehicles estimated value.

Depending on what you choose to buy your policy may have all or a few of the above coverage’s. In most states Liability for bodily injury and property damages is required to have and maintain in order to drive legally in the state.

In CA, HI and MA, prices are based largely on you driving record, miles you drive annually and other factors.  In all other states, some companies uses overall accident rates in cities to determine prices, if more accidents are reported in one city, rates there will be higher.

In the past few post we be taking about auto theft. Did you know that many auto insurance plans provide a discount for Anti-Theft devices? Some exceptions: the availability and size of those discounts can varies, and discounts typically apply only to your comprehensive coverage.

With auto insurance will have hopefully purchased comprehensive coverage. If so you should contact your auto insurer immediately after your car is stolen. You will likely be in contact with your coverage provider several times during the process of filing the police report and car insurance claim.

You will be working with a claims adjuster throughout the process who determines the value of your car, should your insurer pay out on the claim (minus your deductible).

It will be convenient to have the following handy:

* Policy number
* Your best time estimate for when the car was stolen
* Year, make, model, and color of the car
* Your car’s license plate
* The police report number and department where the report was filed

Most car insurers require a waiting period before paying out on claims for stolen cars. This period allows police time to do their work to recover the stolen vehicle.

If a vehicle is recovered after a claim is paid out, you will have to discuss with your insurer the terms for getting it back . That’s because it’s the car insurance company who gets the vehicle title after paying out on such claims. In essence, they own the vehicle after paying the claim.