Car Insurance Deals

State Farm announced on Friday that it will be bumping up Delaware auto insurance rates by an average of 1.9 percent starting on Feb. 27.

The second-largest car insurer in the First State said the overall changes for individual policyholders will depend on the discounts they qualify for, the coverages they carry and a number of other factors.

Liability and personal injury protection (PIP) premiums look to be increased across the board, while the cost of the collision and comprehensive coverages will go up for some and down for others, according to a release from the company.

The latest data from the National Association of Insurance Commissioners showed that the average size of PIP and property damage liability claims filed by Delaware policyholders increased between 2006 and 2008.

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Questgates is warning that insurance claims resulting from recent riotous behavior could be invalidated by the slightest of delays.

According to the claims management firm, local police authorities have a legal responsibility to reimburse persons who sustain damage to property as the result of a riot under the Riot Damages Act 1886.

However, any claim under the Act must be made in writing and received by the local police authority within 14 days of the alleged incident.

Insurers therefore typically include within policy claims notification clauses a requirement for any claim for riot and/or civil commotion to be notified to insurers immediately, followed by full supporting documentation (a schedule of loss and statement of truth) within seven days of the incident.

Insurers are then entitled to recover their outlays under the principle of subrogation.

Questgates also advises that the Act excludes liability for loss or damage to cars left on public highways, goods left in shops for repair and/or consequential losses.

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Auto insuranceclaims are on the rise across the country according to a new report released by the Insurance Research Council (IRC). The report, issued this week, found that the increase in costs is reversing previous trends of relatively stable costs that have even declined in some cases.

Auto Insurance Claims Severity and Frequency Increasing

The new Insurance Research Council report, titled Trends in Auto Injury Claims, 2011 Edition, has revealed some shifts in previous auto insurance claims trends.

In the previous few years, reports from the IRC found that while injury claim severity (the average cost of injury claims) has been on the rise, it has always been offset by declining claim frequency. However, according to the 2011 report, the frequency in which claims are filed has increased, resulting in an overall jump in claims costs.

PIP Claims Have Impacted Total Claims

Among the types of auto insurance claims studied by the IRC, the organization said personal injury protection (PIP) claimsalso known as no-fault injury protectionseemed to have had the greatest impact on the claims cost increase.

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Talk about a sticky situation.

Travelers Insurance has asked a federal court in Pennsylvania to appoint a “special master” to evaluate and settle the claims of hundreds of motorists whose vehicles were damaged after a tanker truck insured by the coverage provider spilled a gooey petroleum product all over the Pennsylvania Turnpike in November.

A lawyer representing Travelers confirmed this week that the insurer has deposited $1 million into a bank account supervised by the U.S. District Court in Pittsburgh, but said that amount may not be enough to pay off the nearly 1,000 claims for damages filed by motorists from 16 states and their private insurance companies.

The attorney, who requested anonymity due to the ongoing litigation, said the company that owns the truck that caused the incidentMaryland-based MTS Transportis seeking payment from another insurer with whom it has a policy for up to $4 million in excess coverage.  He

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Allianz Retail has announced that its Clear Private Car product is now available via Adrian Flux, the specialist motor insurance broker.

It is the second Clear product available through the specialist broker, and follows the success of the Clear Home product last year.

The product is also available through Transactor Global Solutions Limited (TGSL), Adrian Fluxs software house provider.

Adam Marshall, Allianz Retail head of broker sales and distribution, said that the provision of the Clear Private Car product on the broker’s software house platform opened up a new area of business for the firm.

Marshall said that, in the future, Allianz hoped to make its entire Clear product range available through Adrian Flux.

Earlier this month Allianz reported its latest financial results, including a 3.8% rise in operating profits to £123.6m during the first nine months of the year.

Homeowner’s insurance is required by law for anyone who purchases a home. It provides two main forms of protection: against damage to the house and against lawsuits related to people getting injured in your house. By purchasing a good policy you protect not only your house but your personal financial assets against disaster.

Whether you’re purchasing a home for the first time or simply seeking an improvement over your existing insurance policy, the best way to begin the process of finding homeowner’s insurance is by getting an online quote from a website which offers policies from several different major insurers. This will give you a direct basis for side-by-side comparisons and give you a good idea of the price range that is available on insurance.

Filling out an application will involve supplying basic information about yourself and your house, as well as choosing how much coverage you want and what deductible you’re willing to pay. However, be aware that all policies will be just alike. Before automatically accepting the lowest quote be sure to read through all the policy details. You may Full Article…

A Highway Loss Data Institute study released this week found that new vehicle technology may provide a solution for low-speed crashes. Drivers who frequently commute in environments known for bumper-to-bumper traffic finally have access to technology that could prevent rear-end collisions.

Collision Avoidance Technology Could Prevent Crashes

The auto insurance industry-funded study found that the 2010 Volvo XC60 outfitted with City Safety, a collision avoidance feature, is less likely to be involved in a low-speed, front-to-rear crash than other mid-sized SUVs without the system.

In fact, there were 27 percent fewer auto insurance claims reported for the XC60 than comparable vehicles while specific bodily injury claims were 51 percent less frequent.

The technology works by automatically braking to avoid a front-to-rear crash when traveling at speeds of about 2 mph to 19 mph.

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Regulators in Iowa and Pennsylvania are warning motorists to be especially watchful for deer on the roads this month—and to consider buying optional insurance coverage that reimburses policyholders for damages caused by a run-in with an animal.

Authorities say mating and migration patterns make November the most active time of year for deer, and claims data from insurers shows that more than 18 percent of deer-related crashes happen during the penultimate month of the year. That should be of interest to anyone behind the wheel in Iowa or Pennsylvania, both of which are near the top of the list for deer-related auto accidents.

According to State Farm, Pennsylvania had about 101,300 deer-vehicle crashes in 2010, the most of any state. I

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If you are planning to get business liability insurance quotes, one of the first things that you need to do would be to research about the different types of business liability insurance. By knowing how each of the business liability insurance types work, you would be able to determine which among them suits your coverage needs the best and have an easier time knowing which policies you need to get quotes for.

One type of business liability insurance policy that you can get a quote for would be a general liability insurance policy. Also known as commercial liability insurance, general liability insurance provides the coverage that a company may need in the event that they get sued for personal injuries or property damages that an individual sustains while being on the company grounds. It can also protect a company from any legal expenses that they incur after being sued.

Another business liability insurance type that most insurance companies offer quotes for would be product liability insurance. Full Article…