tag:blogger.com,1999:blog-24120309370050041032009-10-26T18:51:20.540-07:00What is "liability" insurance and does it really come in a box on isle 3???Insurance GURUhttp://www.blogger.com/profile/02319129600926555802noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2412030937005004103.post-75572611359570960562008-04-28T20:57:00.000-07:002008-04-28T20:58:02.940-07:00<A HREF="http://www.netquote.com/common/default.aspx?ProductCategory=Auto&nqid=15286&status=autoinsurancebanner"><IMG SRC="https://www.netquote.com/media/A_728x90_mini_gif.gif" ALT="www.netquote.com"></A><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2412030937005004103-7557261135957096056?l=autoinsurance4dummies.blogspot.com' alt='' /></div>Insurance GURUhttp://www.blogger.com/profile/02319129600926555802noreply@blogger.com0tag:blogger.com,1999:blog-2412030937005004103.post-19780743714925130392008-04-17T00:24:00.000-07:002008-12-08T21:47:54.911-08:00<a href="http://4.bp.blogspot.com/_z00Rr-9sWGA/SAb7q4IsexI/AAAAAAAAAAg/BMZ2Sxg2RNE/s1600-h/florida_car_accident_lawyer.jpg"><img id="BLOGGER_PHOTO_ID_5190112334633007890" style="margin: 0px auto 10px; display: block; text-align: center;" alt="" src="http://4.bp.blogspot.com/_z00Rr-9sWGA/SAb7q4IsexI/AAAAAAAAAAg/BMZ2Sxg2RNE/s400/florida_car_accident_lawyer.jpg" border="0" /></a><br /><br /><br /><div><strong><span style="color: rgb(0, 0, 153);font-size:180%;" ><a href="http://www.moneyteachers.org/autoinsurance.htm">What Exactly is Auto Liability Insurance?<br /><br /></a></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);font-size:180%;" ></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">Liable = You broke "it" now you fix "it". As in, "The Jury said I was "Liable" for his injuries.<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">Liability = Something that will cost you money, if it happens. As in, "her 5th marriage creates quite a liability for the potential groom."<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"><span style="color: rgb(102, 102, 102);">Moron</span> = Someone who knows better.<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"><span style="color: rgb(51, 51, 51);">Uneducated Consumer</span> = Moron if he/she stops reading here.<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"><span style="color: rgb(51, 51, 51);">Uneducated Consumer That Exposes himself to big liabilities</span> = First Class Moron!<br /><br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">------------------------------------<br /><br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">Now in the world of insurance; they talk about two types of "liability" you take on when you drive a car:<br /><br /><br /></span></strong></div><div></div><div><strong><span style="color: rgb(0, 0, 153);"><span style="color: rgb(0, 102, 0);font-size:130%;" >Bodily Injury:<br /></span></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">Also known as your "Biggest Liability".<br /><br />Why???<br />Because if you are at fault in an accident (Note to self- they are not called "on purposes") that disables someone; hurts them badly; or even kills them, this is the insurance that gives the other guy "compensation".<br /><br />You might have heard the lawyers on T.V. talk about "adequate compensation". This means that they sue you for enough money to send their client to MOngu-Mongu for rehabilitation and you pay for the next 20 TV commercials.<br /><br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 102, 0);font-size:130%;" >Forms of "Compensation":<br /><br /></span><span style="color: rgb(0, 102, 0);"></span></strong></div><div><strong><span style="color: rgb(0, 102, 0);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">1. Medical Bills...which may, or may not go on for the next 671 years.<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">2. Lost Wages... (pray you hit some guy with a wooden license plate that can't prove "lost income" because he never files taxes)<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">3. Pain and Suffering... which is what you will feel if you do not have enough Bodily Injury Insurance on your car!<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">4. Whatever other "losses" have resulted from your "negligence" (negligence means you got a ticket; arrested or trusted your 14 year old to hold the wheel while you looked for the box of "Junior Mints" that you smell coming from the back seat). Do not think that "negligence" is an item of clothing you buy your wife for Valentine's Day or you will come to understand both "Pain and Suffering".<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);">Now, most people worry greatly about paying their "deductible" and little about paying "Forms of Compensation." If you still feel that way than we now label you an Educated Consumer that knows better.<br /><br />Sadly, the only words that we can think of to define such an individual will not make it past our censors. Therefore, we insert the following:<br /><br /></span></strong></div><div><strong><span style="color: rgb(0, 0, 153);"></span></strong></div><div><strong><span style="color: rgb(0, 102, 0);font-size:130%;" >****$$$$!!!!XXXX </span></strong></div><div><strong><span style="color: rgb(0, 102, 0);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(0, 102, 0);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ><br /><br />Now, what about Property Damage?<br /><br /></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" >Property damage is something bad that you do to something that cannot cuss you out after you have done it.<br />Thus, it is used to reference "objects" or "things".<br />This includes, cars, buildings, fire hydrants and the "Scarecrow" on the Wizard of Oz before he met "The Wizard". (It does not include Michael Jackson or former Attorney General Janet Reno, void where prohibited by law).<br /><br /></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" >Imaginary Objects are also not covered:<br />So, if you are driving in Iraq with George Bush in your front seat and "weapons of mass destruction" in your back seat, you might need to re-read your policy.<br /><br /></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" >How Much Should You Have?<br /><br /><br /></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div></div><div><strong><span style="color: rgb(51, 51, 255);font-size:130%;" ></span></strong></div><div><strong><span style="color: rgb(51, 51, 255);font-size:180%;" ><a href="http://www.moneyteachers.org/autoinsurance.htm">CLICK HERE!</a></span></strong></div><div><strong></strong></div><div><strong></strong></div><div><strong></strong></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2412030937005004103-1978074371492513039?l=autoinsurance4dummies.blogspot.com' alt='' /></div>Insurance GURUhttp://www.blogger.com/profile/02319129600926555802noreply@blogger.com0