What Is Incidental Damage on an Automotive Warranty?

Incidental damage on an automotive warranty can be confusing. This term refers to damage not caused by the individual directly. Rather, it is caused indirectly or through the normal wear and tear of use of the vehicle. Often times, this type of incident is not covered on your warranty. Depending on the circumstances, it is essential to know what this implies.

Know Your Warranty

When it comes to incidental damages, which are also known as consequential damages, warranties are often specific about the types of damages not covered by the policy. However, these warranties differ significantly from one manufacturer to the next.

Most define consequential damages as any not directly related to an act. However, they can be a consequence of that act. Some of the most common exclusions from auto warranties include the following:

  • Loss of commercial use of the vehicle
  • Loss of use of the vehicle in general
  • Loss of time
  • Inconvenience
  • Wear and tear on the vehicle

For example, if you are operating your vehicle and scratches from regular use occur, this is not something most auto warranties cover. If something happens while the vehicle is still new, though, this is less likely to be considered normal wear and tear. Therefore, it is incidental damage.

In some cases, it can be ruled as necessary. For example, if you are in an accident and the fender is damaged, the fender is covered. However, whether or not the gas tank that was damaged as a result gets coverage differs from one policy to the next. Some forms of accidental damage are incidental. Any damage caused by a true accident which is not the result of negligence, is incidental damage.

How to Know

If you are unsure what type of damage is covered and what is not, it is a good idea to call the warranty issuer and inquire about this. It is best to do this before you actually invest in the vehicle or buy the extended warranty. If you are facing any type of damage, contact the provider of the warranty to inquire about its coverage as there is no harm in doing so.

Incidental damage on an auto warranty is rarely a covered element. However, your insurance company’s policy may provide some protection depending on the situation. Discuss the types of protection you get from your insurer to determine if this type of coverage is in place.

Tips to Avoiding a Home Burglary

For most Americans, there are few worse feelings of violation than coming home to find out your house has been burglarized. Even if your homeowner’s insurance covers loss due to theft, it cannot compensate for the difficult emotions and personal losses you may be subjected to. Fortunately there are some helpful tips for avoiding a home burglary altogether.

Outside of Your Home

Start by making your house less appealing to thieves. Most burglars prefer to break into homes that are not well lit and are hidden from passersby. To deter thieves, install plenty of lighting around your property — especially near doors and windows. If you have hedges, shrubs or trees in your yard, be sure to keep them well trimmed and manicured so they will not obstruct the view of your home to others passing by.

Inside Your House

Typically, thieves are not going to break into your home to steal your family photos and trinkets. Instead, they are usually after high-priced items that are easily resold for cash, such as large electronics, weapons and rare collectibles. To prevent theft, keep these items away from the view of the public. For example, if you purchase a top-of-the-line flat screen television, do not place it in front of a window, as this could be eye candy for burglars.

Security

To further protect your home from burglary, install a home security system. Monitored systems sound an alarm when a thief breaks glass or breaks open a door. Often, signs posted outside your home indicating the presence of an alarm system are enough to prevent thieves from breaking in, but if not, an ear-splitting alarm will be enough to wake neighbors and also dispatch police should a burglar enter your home. Furthermore, installing a monitored alarm system can significantly lower your homeowner’s insurance rates.

Effects of Driving Under the Influence on Your Auto Insurance Rates

Your life changes when police officers pull you over and charge you with driving under the influence. A DUI can result in the loss of your license. You might face a significant fine. And you’ll have a serious crime on your record. But what are the effects of driving under the influence on your auto insurance rates?

In short, you’ll pay more for car insurance if you have a DUI on your driving record. And the odds are good that you’ll pay a lot more.

Insurance companies charge higher rates to drivers whom they consider to be high-risk. This makes financial sense; high-risk drivers are more likely to suffer serious car accidents that require big payouts from their auto insurers. Insurance companies view drivers with DUIs on their driving records as high-risk drivers, and will charge them higher rates.

The more difficult question to answer? How high will your particular rate climb after a DUI? Insurance companies consider several factors when determining how much each of their customers pay for insurance. Customers’ driving records are just one part of a bigger equation.

For instance, auto insurers tend to charge drivers less if they install a security system on their vehicles. Others provide lower rates for customers who leave their cars at home during the week and take public transportation to work. Drivers who live in zip codes with less car thefts will pay lower rates, too.

If you want to know the exact effects of driving under the influence on your specific auto insurance policy, you’ll need to call your insurer. Only by talking with your insurance agent they will you get an accurate picture of how your auto insurance rates will change.

One thing is certain, though; once your DUI becomes official, you can expect your auto insurance rates to rise as your insurance company moves you into the high-risk-driver category.

Remembering Home Insurance Companies

Remembering Home Insurance CompaniesWith many insurance companies in the market offering you best deals, there are certain things you need to remember regarding home insurance companies.

  • Your credit history. Every insurance agent will check for your credit score, its history and also your rapport with previous insurance companies. If you fail to have a good credit history or multiple car crashes, it simply means high premium.
  • If you are on a high risk, insurance companies will have to take those risk factors into consideration as they will be paying to replace the loss from risks. Hence, you will end up paying more premiums as you will need the services to be rendered by the insurance company sooner to cover those losses.
  • Basic home insurance policy will cover your home and its content for their replacement cost value. This makes the agent to delve deep and query in order to know the materials used in construction, age of appliances used, square footage, architecture of the building, updates on electrical, heating and plumbing systems, any detached structures, quality of flooring and roofing materials and many more.
  • If you try saving your money now and tend to hide the age of heating or plumbing systems, then think twice. When any loss occurs, your insurance company will pay you only for the replacement cost value of the asset as per the details given by you. Hence, being truthful and accurate becomes necessary.
  • Your prized possessions. Valuables such as jewelery, furs, silver, electronic equipments, some antiques and many more needs a separate policy. These valuables usually need a clause in the policy. It is always better to check with your home insurance company or the agent. Also, remember to cover these valuables for their replacement cost value and do not hide the correct value from the insurer.

Helping You Understand What is Credit Information

Understand Credit InformationYou will be responsible for other’s loss if they are involved in an automobile accident along with you. A lawsuit or a car insurance claim can be filed for the loss that has occurred. To judge about the insured’s premium, consumer credit information will be used by the car insurance companies. Many researches have shown statistical relationship between the loss that has happened to the consumer and the credit score information. Each car insurance company will utilize the credit scores so that they can decide what scoring model they will be using. Following requirements can be included in the model :

Credit Score Rule : Common factors that are used by the insurers are :

  • Foreclosures, liens, collections, Bankruptcy.
  • Payment history : This will give information how many times you have done late payments and also calculate number of days between the due date and the payment date.
  • Length of the credit History : Amount of time consumers have been in credit system.
  • Home Ownership : A consumer rents or owns a property.
  • Inquiries for credit : How many times the consumer has applied for new accounts including utility accounts, credit card accounts and loans.
  • Number of open credit lines : How many department credit cards and major credit cards are open.
  • Types of Credit in Use : Finance company loans, store credit cards and major credit cards.
  • Outstanding Debt : How much credit does a consumer owe.

How To improve Credit Score

You should keep reviewing your credit report because there might be inaccurate information. Plan yourself to improve your credit score. You can improve your credit history if you follow the below suggestions :

  • Pay your bills on time every month.
  • Pay the due amount at least on time.
  • Keep the creditor in contact if you cannot make the payment.
  • When it comes to credit card reduce the amount you are owed to.
  • Reduce the new credit accounts.

Avoiding Burglary at Home

Avoiding Burglary at HomeA home that can be broken easily and quickly is set as a target by the burglars to pick something valuable. Though you cannot afford a secured system, follow some safety tips to keep your possessions safer.

Home Safety :

  • Protecting your home and family from criminal invasion should be high on your list of priorities.
  • Ensure that you trim trees and shrubs so that the burglar cannot easily conceal himself.
  • Keep exterior lights of your home well lit, especially at the doors or in the rear part of the house, where burglars snuggle through to do most of the work.
  • Build rapport with your neighbors. They can help you by eyeing at your home and report to the cop if any suspicious activity takes place at your house when you are away.
  • Prepare an inventory of all your valuables. Ensure to take a picture or a videotape record of any personal belongings which are expensive. If possible, store the listed inventory and your insurance at different location. It will benefit you when both the home insurance company and the police need to identify goods stolen.

What needs to be done if your house is robbed :
If your house is robbed then you need to follow few instructions

  • Call the police immediately and inform them about the robbery.
  • List out the items which are stolen.
  • Your insurance company should be informed.
  • Always keep the insurance policy safe and take it to police station, because it will be very helpful while claiming for the loss. You will receive a check after your insurance company evaluates your total loss.

Protecting Your Home Against Theft

Protecting Home against TheftHaving home insurance will protect you from financial loss when your house is damaged because of storm, theft, fire or from any other event. You should clearly know what are your policy limits and what is there in your policy. Make sure you understand your policies and coverages clearly.

You can take some precautionary measures to protect yourself and your family from burglaries :

  1. You should always know your neighbors well.
  2. Trim all the shrubs and tress which covers your home windows and doors.
  3. Always lock your doors when you are inside the home. Always use secure and dead bolt locks for all the entries in your home.
  4. It is safer when there is a peephole in front door so that you can know who is knocking the door.
  5. Do not hide the house keys outside the house such as in pots or windows.
  6. It is good if you use timers for the lights to turn on and off. When you are not in station, stop the mail delivery and newspaper till you return from your vacation.

Beware of Backyard Dangers

  • Trampolines, swimming pools and decks may add to the enjoyment of your home. They can also add to your home insurance bill.
  • If you have a trampoline in your backyard, be sure to read your policy carefully and talk to your agent. Some home insurance companies will not accept risks with a trampoline on the premises or will have exclusions for any liability related to trampoline injuries.
  • Swimming pools are another consideration. Your pool needs to be secured according to your home insurance carrier guidelines. Many require a fence of a specific height with a gate that can be locked. You will want to be sure you are in compliance with local building codes.

Flood and Earthquake Coverage

Flood & Earthquake In case of any loss, the homeowners policy protects you and your family from any damages to your personal property. Different endorsements and the coverages are provided by the home insurance company and these added endorsements meet the individual needs. To rebuild and repair your home this home insurance is needed.

It does not matter whether you are the owner of the house or a tenant, every one needs to have their home insured to protect from any disasters. There are few basic things which you must know before you buy home insurance to protect your living.

Flood Insurance: Catastrophic losses that occur due to floods is the reason why insurance companies are not ready to take up flood insurance. This was the reason to start National Flood Insurance Program (NFIP). You cannot buy flood insurance if your local government does not qualify for NFIP. To reduce floods, flood plain management regulations has to be adopted. Many homeowners who stay in the flood prone areas will not be aware that they have to buy this coverage. If you do not live in flood plain area then there is no need for you to buy the flood insurance. The buildings and its contents are covered in the flood insurance.
Earthquake Coverage: In the state of Kentucky, there have been many small earthquakes, though they are not big ones. In Kentucky the risk of serious earthquake is fairly low so the insurance companies sell the earthquake endorsements. Coverages are comparably cheaper here. Higher will be the deductible rates and ranges from 3 to 5 percent of the home’s replacement cost. Frame houses are more safe than brick or masonry houses because these houses are more prone to damages when there is an earthquake. You’ll have to pay more earthquake coverage for brick houses.

Home Insurance Discounts

Home Insurance DiscountsGaining knowledge of Illinois home insurance  policy means you will not be cheated, you will know what to reach out for and opt for that policy which covers you completely without any risk. Know more about policy basics to obtain a guaranteed protection for your family and your house, the biggest asset which may also save your money in return.There are may factors involved in determining the price of your Illinois home insurance policy. Certain factors do help in reducing your premium rates and obtain discounts, in return saving your money.

  • Increase your deductible : An increase in your deductible will reduce your Illinois home insurance premium rates. Here, you will be paying for that portion of incurred loss called as self insuring and you need to do a smart work in evaluating premium cost and savings made on choosing a higher deductible.
  • Multiple-policy discounts : Opting for multiple lines of insurance such as car insurance and home insurance from same company will fetch those multiple policy discounts and hence reducing your premium rates.
  • Security/Safety discounts : Installation of safety devices such as sprinkler system, burglar alarm, dead bolt locks, etc will not only safeguard your home but also will avail those discounts on your Illinois home insurance policy. Though the home security systems are expensive it fetches the benefits at the time of hazard.
  • Long-time policyholders : If you happen to have a home insurance policy with one insurance company and continue with them for several years without incurring any loss, then insurers do reduce your premium rates as you will be eligible for long time policy holder discount. Take those necessary steps to prevent losses with an Illinois home insurance policy today.

Exclusions Required On your Policy

Exclusions Required on your PolicyDelaware home insurance gives the insurer protection against loss or damage to her or his contents,dwelling and also additional living expenses. Any damage or destruction of the house caused from disasters will be compensated by your home insurance. Many of the standard insurance companies do not cover certain types of disasters in certain areas, for example earthquake and flood which require additional coverages. Your home insurance must be updated to the existing value whether the inflation rate goes up or down and any appraisal made by the insurance company will be added to your insurance policy premium. Special premium charge are required for fire insurance as well as on site fire suppression systems to qualify and also the smoke detectors.

For every loss that happens the home insurance policy is not designed to pay for it. There are few exclusions in your policy in which there is an option as no coverage. Exclusions are specifically list in your policy so its required to read your policy carefully. There are four reasons for the events to be excluded:
If an event is not sudden and accidental then the home insurance policies will not cover the wear and tear damages of your home, rotting, age, or leaky pipes which are not maintained properly. The policy will not include any intentional acts that are committed by the insurer.
Any catastrophic event like flood, war, earthquake and nuclear disasters. Home insurance policies usually exclude the property damaged by the sewer back up, sump pump overflow or collapse of an underground mine.
The injuries caused by the animals or by the trampolines are not cover the liability coverage by most of the insurance companies. In case of a peril the insurance company does not want to cover for the premium.
By using the endorsements policy you can also buy some of the exclusions. When you have the endorsements in the home insurance policy then the contract changes and the additional premium will be added.