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    « Health Care Reform Primer: Continuation of Coverage; Qualified Health Plans | Main | More States Weigh In on Certificates of Insurance »

    January 31, 2011

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    Online car insurance

    Perfectly explained. This blog gives the perfect and well explained answers of all the question and that's why I regularly visit the blog to increase my knowledge on insurance.

    Online Payday Loans

    Oh! I see. The car must be bought from a dealership so the insurance can cover it. My husband just bought his friend's car. Now I know why he didn't use his insurance for some restoration of the car. But it's okay. Payday loan did give us a relief with its fast process.

    myblog

    Oh! I see. The car must be bought from a dealership so the insurance can cover it. My husband just bought his friend's car. Now I know why he didn't use his insurance for some restoration of the car. But it's okay. Payday loan did give us a relief with its fast process.

    Tim Dodge

    myblog,

    That's not exactly right. If you buy comp and/or collision coverage on a car that you bought from a private individual, your insurance will cover damage to it. The regulation is saying that the insurance company cannot use the purchase price to decide what the car is worth if you bought it from a private individual. The car is still covered; the company just has to use a different method to determine its value.

    payday loans

    Of course, a better solution would be to take out a shorter term loan and not end up upside down in the first place, but not everyone has the income to manage that.

    Carol

    Thank you for clearing this up for me. I thought differently but I can see the logic behind it now. I just hope I don't get in the same situation as my brother's - who has recently totaled his car.

    Tim Dodge

    Carol,
    Sorry to hear about your brother's car. I hope he wasn't injured.

    Simon Schempp

    Upon buying the insurance for the car, the buyer should understand all the terms and conditions that it states. Thanks so much Tim for giving a more understandable explanation of the situation. Buying a car is a big investment on one's part, so it's best that he should be aware of everything that's included, including insurance.

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