Insurance Question

External Since: Oct 03, 2003 Posts: 2

I was looking for insurance and here are my questiosn.
Questionaries asked me following questions. What do they mean? Does
anyone care to enlighten this bojo? Thanks in advance.

1)Liability :
minimum, 25/50, 50/100, 100/300, 250/500, 300cls, 500cls

2)Property Damage:
minimum, 10,000, 25,000, 50,000, 100,000

3)Uninsured Motorist
minimum, 25/50, 50/100, 100/300, 250/500

4)Comprehensive (Ded)
none, 200, 250, 500, 1000

5)Collision (Ded)
none, 200, 250, 500, 1000

Please, explain what above questionarie means...thanks in advance.

Oktokie the bojo

External Since: Aug 29, 2003 Posts: 5

In article <2nhfb.25452$E95.6223588@news4.srv.hcvlny.cv.net>,
oktokie.TakeThisOut@yahoo.com says...
> I was looking for insurance and here are my questiosn.
> Questionaries asked me following questions. What do they mean? Does
> anyone care to enlighten this bojo? Thanks in advance.
>
Between this and the other questions in other threads, you really need
to sit down with your insurance agent and get them to explain these
things to you. You asked about whether to insure the bike first, or the
car. With my insurance company, I can't add a car to a bike policy. Talk
to your agent, have him/her do the numbers both ways.
> 1)Liability :
> minimum, 25/50, 50/100, 100/300, 250/500, 300cls, 500cls
>
In all these of the form X/Y, X is the max amount paid per individual
involved, where Y is the Overall max. So if you have 4 people claiming
50,000 on a 25/50, the insurance will only pay 50,000, and no more than
25,000 to any one of them. You get the other 50,000. BTW, my insurance
only runs me a few bucks a month more for 50/100 over 25/50. With the
value of vehicles today, I wouldn't go for less.
> 2)Property Damage:
> minimum, 10,000, 25,000, 50,000, 100,000
>

> 3)Uninsured Motorist
> minimum, 25/50, 50/100, 100/300, 250/500
>
> 4)Comprehensive (Ded)
> none, 200, 250, 500, 1000

Ded is Deductible, or how much you pay before your insurance kicks in.
Most deductibles are written on a per year basis, but some are on a per
claim basis. A 1000 deductible per claim is absolutely worthless. ASK.
Comp covers things like windshields, where Collision fixes YOUR vehicle
if you are at fault in a wreck.

> 5)Collision (Ded)
> none, 200, 250, 500, 1000
>
> Please, explain what above questionarie means...thanks in advance.
>
Talk to your agent. You really need to know this stuff.