Auto Insurance Question Pennsylvania Pa
Reader’s Question:
I have an excellent driving record in Pennsylvania. A friend says that doesn’t matter and that I should add a personal injury rider to my auto policy. Why? Am I missing something?
Fran
Villanova, PA
Hello Fran!
Congratulations on having an excellent driving record in Pennsylvania. Hopefully you are being rewarded by your insurance carrier with reductions in your premiums. The personal injury rider for your auto insurance policy is an important consideration. It really has little to do with your driving history.
The personal injury rider will protect you and give you peace of mind if you are involved in an auto accident. The purpose of the personal injury coverage is to pay for reasonable medical expenses related to an accident in which you may be involved. As you know, accidents do happen, even to the best of drivers.
Other common provisions of most personal injury coverage include loss of income assistance while you recover from injuries, and a provision to help pay for certain personal services which the injuries might necessitate.
As personal injury coverage varies from state-to-state, you should consult with your agent to discuss this rider. If you do not have this coverage, you really should consider adding it. I really hope this helps, Fran!
PA Pennsylvania Auto Insurance Rates
Reader’s Question:
We are refining our auto insurance rates based on our local insurer’s policy in Pennsylvania. It seems there are discounts or lower rates for good drivers. How else can we control the cost?
Kiki
Pittsburgh, PA
You are right, there are auto insurance discounts for safe drivers. Auto insurance companies want safe drivers. They also are willing to reward them. Some programs reward drivers who have shown driving excellence over a three year period. If you are a relatively new driver, but have a very clean record since receiving your license, you should inquire about possible discounts for your auto insurance rates.
Auto insurance companies in Pennsylvania also offer discounts for drivers 55 years of age or more who have taken and passed approved defensive driving training courses. These discounts and programs depend upon the state.
If your driving record is clean for the past five years, you know you deserve a discount. Your auto insurance carrier will have a program for you. Your record cannot have any moving violations. If there are other operators on your auto policy, their records will be considered. There may be some contingencies to yield the biggest discount. Review your record and past coverage with your agent and I am sure he wants to help! Or yo may shop online starting with typing your zip code on the relevant space on this page. Happy shopping!
Pennsylvania PA Car Insurance
Reader’s Question:
I was excited when a friend of mine told me about this forum and I ran going home just to get online. I was just wondering how I can find the insurance record of the previous owner of my car in Pennsylvania. Do I have to get insurance for my second hand auto?
Lewis
Pittsburgh, PA
Ciao, Lewis! That’s a simple but a good question. Actually, insurance records are protected under States and Federal Privacy Laws. According to this law, there is no legitimate legal reason for a particular person to need the insurance records of the previous owner.
Any coverage or compensation paid to a previous owner would not be extended to the new owner of the car. The obligations of the insurer would end once the policy expired, terminated or when the vehicle was sold.
Try asking the previous owner of the vehicle also. That will be a great help since he was responsible to inform you everything about his previous possession, right.
You could also ask him of the previous insurance company he dealt with so that you may conduct your own research and investigation about this matter.
Once granted, immediately get online or make a walk – in inquiry regarding the said company. Ask for each policy quotes as well, so that you may choose your own once you confirm the case.
In case you don’t personally know the previous owner of the car sold to you, make inquiries to several auto insurance companies in Pennsylvania. They will definitely answer your questions and may help you know more about each policy. Just in case you don’t know, there are many types of insurance policy in which each one has a different coverage from the other.
Go out from your shell, pal and obtain your peace of mind being secured!
Life Insurance Question Pennsylvania PA
Reader’s Question:
Our eldest son is considering the purchase of a permanent life insurance. A man in his office has recommended he look into a Universal Life Policy. Is this some sort of new insurance? I have a whole life policy and have been happy with the results. What should we know?
James
Villanova, PA
Hi there, James.
Glad to hear that your whole life policy has lived up to expectations. Actually, universal life insurance is an offshoot of whole life. You and your son should get together with your agent and get all the details of a universal life insurance policy.
Flexibility is the key to universal life. Unlike whole life policies, universal policies allow for the increase or decrease of the death benefit. The same is true of the premium amount. The policyholder is responsible for maintaining the cash value of the universal policy. As you know, with whole life the premium is fixed at inception. Not so with universal life policies. The policy holder has some flexibility with the premium payments.
The cash value of universal life is linked to the policies interest rate. This has potential for greater growth than with a whole life policy, whose cash value is determined by the performance of the carrier’s operations.
Universal life has many tax advantages. At the outset, the premiums are greater than the cost of insurance. The surplus yields tax-deferred cash value. Remember the premiums were paid with after-tax income. Usually the growth is not taxable. This advantage also applies to any loans against a universal life policy.
James, if your son sees benefits in flexibility, he should look into universal life coverage. Again, your agent will have all the details.
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