Car Insurance: Everything You Need to Know

 What is Car Insurance? How Car Insurance Works? How Car Insurance Premium is Calculated? We are answering all questions related to Car Insurance in this Blog Post. Read Till End. Car Insurance: Everything You Need to Know Car insurance is a type of insurance that protects your car from various risks and liabilities. It covers the financial losses that you may incur due to accidents, theft, fire, natural calamities, or legal claims. In this blog, we will explain what car insurance is, how it works, what factors affect its premium, and how to choose the best car insurance provider in the United States. What is Car Insurance? Car insurance is a contract between you and an insurance company that provides you with coverage for various car-related risks. You pay a certain amount of money, called the premium, to the insurer in exchange for the coverage. The insurer agrees to pay for the damages or losses that you may suffer due to the insured events. There are different types of car insuranc

What is Insurance Deductible? | Higher or Lower | What is Good | Copy or...

Insurance Deductible is quite confusing for many people. I would like to explain in easy words.  Suppose you a medical cover for $5000 and your Deductible amount is $1000. It means first you need to utilize your deductible then the insurance company will start paying for your medical bills. This applies to a deductible in other types of insurance like car, bike, health, etc. Now, assume your first bill is only $80, you need to pay this amount. The second bill is $500. Still, you need to pay for this bill. Thrid bill is $500. Now understand the below you have already paid $580 the current bill is $500 your deductible is $1000 Your company will pay after $1000 So, Now for the current bill of $500, you are required to pay only $420. The rest $80 will be paid by your insurance company. Now, if your 4th bill is $35. As you have already paid for the amount equal to the deductible, this amount will be paid by your insurers. Therefore, all bills from now onwards will be paid by your insurance

What is Insurance Deductible?

 As you want to know all about the insurance deductible, I have explained the same with numerous questions and their answers. Click HERE  to know what is Insurance Deductible, How it works, and what can you do to lower it. You can download a PDF file about the insurance deductible HERE .