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I love to go to Mexico while I am snowbirding in Arizona. Do I need some other insurance when I leave the USA?

Most policies again will tell you your policy applies only to occurrences within the USA and Canada. No liability coverage will extend to Mexico because in Mexico automobile accidents are considered a criminal offense rather [read more…]

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My best friend at work wants to rent my RV for an extended road trip across the USA. He will be gone for two months or longer. I figured this is a good deal for him and an opportunity for me to recoup some of my expense of this toy. Will my insurance cover this exposure?

Look very carefully under your automobile policy exclusion provisions and you will find very emphatically your automobile insurance will not cover any vehicle rented or leased to others. Don’t take the chance of saying, “well [read more…]

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My Dad wants me to buy renter insurance before going on to college. I’m kind of short on cash so do I really need that expense?

You lucky gal! Keep your money for your next trip home from college. Most insurance companies will consider you a resident of your parents’ home so long as you are under 25. Once you become [read more…]

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What is the difference between actual cash value and replacement cost when handling a claim on personal belongings?

Actual cash value is amount paid after depreciation and deductible appropriate to the loss. Replacement cost is payment made after appropriate deductible. No depreciation for age or condition is involved. If you choose to not [read more…]

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Since most states are either no fault states or have a financial responsibility requirement that has to be met before you can register a vehicle, why should I have to carry uninsured or underinsured motorist coverage? It seems to be a duplication of coverage?

Remember in your purchasing insurance there are only minimum limits of liability required by the states. Those limits may be grossly inadequate if a major medical claim is incurred when you are involved with an [read more…]