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What does ‘symbol age group’ on comprehensive auto insurance mean?

What does 'symbol age group' on comprehensive auto insurance mean?Cost

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Companies use rating symbols for various things. Normally the vehicle symbol for comp/coll is based on the fresh purchase price of the vehicle. The higher the number the higher the insurance will cost. Some companies have their own symbols assigned to vehicles while most use the ISO (Insurance Services Office,Inc.) standard symbol.They also use your age in rating and you marital status in pricing auto insurance. A symbol will be assigned your vehicle when fresh and can go down over time depending on the replacement cost of the vehicle. For example ISO symbol for an Infinity M35 AWD is 22 for fresh cost but, 21 for a 2005 model. Another example is a symbol of Ten for some Ford Ranger pick ups while a symbol for most Mercedes are 27.

What are the definitions for liability insurance medical payments insurance uninsured motorist comprehensive and collision for auto insurance?

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Liability insurance: The coverage found on any auto policy that treats harm you cause to another person’s property, either directly or indirectly with your car..
Medical Payments Insurance: Can be either Medpay or PIP. PIP — or “individual injury protection — is required in many states, and essentially treats your medical bills in an auto accident, regardless of who is at fault. (summary:will re-attach your fingers if chopped off in a accident).
Uninsured Motorist: Can be for either property harm or bodily injury, and essentially makes your carrier step in when the at-fault party is either uninsured or doesn’t have enough coverage to treat all your damages. Most people have UMBI (for bodily injury), and mistakenly believe it covers property harm to their cars as well. It doesn’t. (summary:will pay for your loss of income as you are an architect whos fingers were cut off and had to miss work for two months while in physical therapy).
Comprehensive: A voluntary coverage that, along with collision, constitutes “utter coverage” on a vehicle. This is for “non-collision” type accidents, even when you collide with an animal. Essentially, it’s to protect your car when you aren’t at-fault for a loss. Includes coverage for hail, flooding, etc..
Collision: Another voluntary coverage, which treats collisions or overturns involving your vehicle. This is triggered whether you’re at-fault or not for a loss, in that it’s specific to your vehicle colliding with another object or overturning.

What does comprehensive auto insurance cover?

Comprehensive auto insurance covers theft, fire, vandalism, weather harm, riots, and other similar acts which may cause harm to a vehicle. Comprehensive auto insurance does not usually cover acts of God, theft or vandalism by family members or employees, contents of the vehicle, or harm due to improper maintenance. Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)

Will your premium go up if you file a claim on your comprehensive auto insurance policy?

It indeed depends on the circumstances of the claim, and if you were at fault. If you were at fault, and you need to use your comprehensive/collision to pay for your damages you very likely will be looking at a noticeable increase unless you are over 35 and have never had an accident it may only go up by a few dollars here and there. If you weren’t at fault but require the use of your coverage to pay for your own damages because the other person had no insurance depending on the severity you MAY be looking at an increase but depending on how much coverage you elected or how high your deductible is it may not increase. Like I said it varies from case to case and rules, regulations are a fluid thing often leaned and not followed up with. There’s no definite for every script. Hope this helps.

How can you obtain collision and comprehensive auto insurance on a vehicle with a salvage title in NJ Can you insure it under your homeowner’s policy?

Homeowners insurance does not cover vehicles used on public roads. It should not be a problem. Geico insures salvage cars, as do mostinsurance companies. Just reminisce the car is worth less as asalvage if it’s re-totaled the actual cash value of the car isabout 40% less than a comparable clean titled car. And it’s easierto re-total the car a 2nd time since it’s worth less, so minordamage may re-total it. Lesson: don’t pay too much for salvage carsand don’t get in an accident! **14Jun11- Just called Geico and they said will insure my SalvageTitle here in Fresh Mexico, but will also permit me to addComprehensive to the policy. The company I am presently with will also insure the vehicle forliability but WILL NOT insure for comprehensive. The choice is to go without comp or switch companies. You determine!

What is collision and comprehensive on an auto insurance policy?

I am a licensed insurance agent. Comp is if your vechile is stolen, or bruised by something other than a car which you will have to pay the dec. Coll is if you get into a car accident and say the person did not have insurance then your coll would kick in. But in most cases there property harm will cover you depending on the state. I am from Florida and it is a no falt state so it doesnt matter. You need to check with your agent and see your dectibable. I would suggest uninsured motorist just in case they don’t have insurance your medical will be paid. But that has nothing to do with the com/coll. hope it helped.Tammy

What does auto comprehensive insurance cover?

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Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)

Does comprehensive coverage for auto insurance cover a hit and run of your parked car?

Response .
yes it does but you will be claiming off your own insurance and may liberate your no claims discount if you have one..
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Yes it can be used but the deductible WILL apply, and your rates may increase if you put in a claim. (as unfair as that may sound)

What is comprehensive insurance?

Comprehensive Insurance is a term used for a multiplicity of insurance policies suggesting a broad protection. In car insurance, it is coverage which pays to repair or substitute the policy holder’s vehicle and private property inwards of it if it was bruised or lost due to other agents, such as fire, theft, flood, or vandalism. Comprehensive insurance is an element of car insurance that pays for damages to your vehicle caused by anything other than a collision, including vandalism, theft and natural disasters.

Does comprehensive auto insurance cover harm from road debris?

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It depends on the terms of the insurance and the type of harm to the vehicle. Contact your insurance agent for the terms of your insurance. In general, it should.

What does ‘stacking’ mean in regard to auto insurance?

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Georgia automobile insurance law states that people who purchase insurance may “stack” – or add the coverage together for each insured vehicle – for uninsured and underinsured motorist coverage.

What do car ISO symbols mean in auto insurance?

Meaning of Car ISO Symbols .
the ISO Symbols assigned to vehicles in auto insurance underwriting are representative of the historical risk and loss factors associated with that specific vehicle make an submodel. They are crucial in accessing the overall risk for the insurer.

What is comprehensive auto insurance?

If you are in the process of quoting auto insurance, chances are the term comprehensive coverage has come up fairly often. Comprehensive auto insurance coverage is a coverage that will pay to repair or substitute your vehicle in the event of a covered loss up to the fair market value of the vehicle. Covered losses that fall under comprehensive include: fire, theft, vandalism, hail, and wind harm. Falling objects and hitting a live animal also fall under comprehensive. If you are financing your vehicle, you will be required to carry both comprehensive and collision coverages to please lender requirements. The state does not require comprehensive or collision coverage.

What does 'symbol age group' on comprehensive auto insurance mean?

What does class mean on auto insurance policy?

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Clas on an auto insuranc epolicy refers to the vehicle type..
IE , sedans, sport, luxury, non-owner, etc.., etc,,,

Can you get auto insurance when under age Legitimate?

No, you have to be under you parents. Response .

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Not without your parents, because your considered a minor.

Does comprehensive auto insurance cover transmission work?

Not unless the transmission was bruised in an auto accident. Auto Insurance does not cover maintenance nor does it cover normal wear and rip.

When your insurance said comprehensive less deductible 1000 what does that mean?

The deductible is the amount of money you will pay out of pocket before the insurance coverage kicks in. If you have 900.00 in damages, they wont pay anything. If you have 1500.00 in damages, they will give you 500.00..
Less meaning – minus the deductible

What does 200300100 mean with auto insurance?

each company is different, but it looks like you were the 100th claim in the year 2003

Is there a deductible on comprehensive auto insurance?

Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.

Does auto insurance comprehensive cover rodent harm?

currently going thru this. State Farm says they will cover, but don’t do anything to vehicle until they have an adjuster/claim rep assess harm

Does auto comprehensive insurance cover rodent harm?

Evidently some do. I just had the same problem and Progressive covers it under my comprehensive insurance. The deductible applies. It was categorized as not at fault so no effect on premium.

What do you mean by Vandalism in auto insurance?

Comprehensive is a physical harm coverage that is designed to pay for damages caused to your vehicle. Several different losses are covered under comprehensive coverage including: fire, theft, vandalism, explosion, civil riot, hail, and colliding with a live animal. Some insurers refer to Comprehensive coverage as Vandalism coverage. This will cover practically any type of vandalism that occurs to your vehicle except vandalism that was intentionally done by yourself. You will be required to provide a police report if vandalism is claimed.

Does auto insurance comprehensive cover water harm?

water harm is only covered through utter coverage if you have it and just so happens to run in a pond or something.

What is group 6e insurance mean?

It means that the group rating has been diminished since it exceedsthe security requirement for a car that type. All cars that exceedthe standard are put into that group.

What does auto collision insurance mean?

Auto insurance consists of both liability insurance and physical harm coverage. Collision coverage is part of the physical harm section of an insurance policy and is designed to either repair or substitute your vehicle if you are involved in an accident up to the fair market value of the vehicle. Collision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party’s liability insurance would pay for your vehicle damages through Property Harm coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made.

At what age does auto insurance decrease?

Age 25, because from teenage age to 24 is the age group most youthfull adults are more likely to be involved in a car accident.

What does 'symbol age group' on comprehensive auto insurance mean?

Does comprehensive auto insurance cover water harm due to roof leak?

NO, Your Auto Insurance does not cover maintenance or manufacturing quality issues. This could be a defect you might look to your auto warranty for correction.

Does comprehensive on my auto insurance cover theft?

Yes, as a rule and possibly in all known policies. If you have any doubts read your policy or call your agent.

Does auto comprehensive insurance pay off and substitute auto?

Not as such. What you owe on your vehicle has nothing to do with the auto insurer’s liability, except to the extent that the lienholder is usually named on the policy as a loss payee. If your vehicle is deemed a total loss in a covered incident under comprehensive such as a fire, theft, etc. then the insurance company will pay per the terms of the policy. As stated in the policy, the insurance company has the option to repair, substitute, or pay the actual cash value of your vehicle. Actual cash value will be paid if the reasonable cost of repair exceeds a stated percentage of the actual cash value of the vehicle. That percentage is usually set by state law. Actual cash value toughly equates with market value of a similar vehicle in similar condition and similarly tooled. If the vehicle is proclaimed a total loss, the insurer will pay the lienholder very first and if the car is worth more than the loan balance the remainder will be paid to the insured. If the loan balance is more than the value of the vehicle, and thus, what the insured pays, the insured is responsible for the balance. then you have a problem. The company will pay the entire amount to the loan company but then you will still owe the balance to the loan company or bank. One of the ways to protect yourself from being responsible for the difference inbetween what the insurer pays and the balance on the loan, is through GAP insurance. It is a separate policy, for a separate premium. It pays the difference inbetween the insurance settlement and the amount remaining on the loan. It is usually suggested when the car is purchased and financed, but can generally also be obtained after the fact from a property and casualty insurance agent.

Does comprehensive auto insurance pay off and substitute the vehicle in the event of auto theft?

Comprehensive is the coverage that would pay for the theft of a vehicle. The policy spells out the insurance companies options on payment. On any claim, the insurance company has the option to repair, substitute, or pay the actual cash value of the vehicle in the event of any loss. Generally they do not substitute a vehicle but pay the actual cash value less your deductible then permit you to purchase a replacement vehicle. As a matter of total disclosure, I own and operate a puny Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company. As for the payoff of the loan on the vehicle, the insurance company will have to issue payment to the bank up to the amount owed on the vehicle. The amount they pay has nothing to do with the balance on the loan. If you owe less than the ACV then the balance will be paid to you. If you owe more than the ACV then you will have to pay the difference to the bank or finance company.

What is the meaning of comprehensive car insurance?

It’s lighter to tell you what collision is very first. Collision is when you hit something or turn the vehicle over. Comprehensive is just about everything else. Fire, Theft, Animal Collisions, Cracked Glass, Tree Falling on Car, etc. Most companies do not rate up your insurance for comprehensive claims. You may liberate a claim free discount if it is on your policy but will not be surcharged. You can be cancelled for too many comp claims tho’.

What does Class code 09 mean on an Auto Insurance policy also what does the Symbol Ten mean?

Different insurance companies use different class codes. The symbol is related to the vehicle itself. Most insurance companies use symbols assigned by ISO so they are standard from carrier to carrier. The symbol has several factors that go into coming up with the symbol including cost of the vehicle, cost of parts, and frequency of accidents in that particular vehicle. The lowest used to be the Dodge Caravan which had a symbol 1. As a matter of total disclosure, I own and operate a smalltown Independent Insurance Agency in Central Georgia and have for 23 years. I also worked as an agent for a direct writer for Trio years prior to that.

Will your comprehensive portion of my auto insurance cover your bruised transmission if you went over a curb?

No, that would be a collision, and would be covered under the collision portion of the policy, and the collision deductible would apply. Collisions are also considered a chargeable claim for rating and insurability purposes.

How is auto liability insurance different from comprehensive insurance?

Liability insurance only covers someone else in the case that you are responsible for damages caused in a collision. Comprehensive coverage will cover a driver that you hit, as well as cover yourself for any damages inflicted during a collision.

What does comprehension mean in auto insurance?

It is other than collision insurance. It covers hail, stolen vehicle, hitting an animal, and vandalism.

Does comprehensive auto insurance cover roll over due to black ice?

No. This would be a collision claim because all roll-overs no matter the cause are collision claims.

What does NB NP mean on auto insurance?

It is difficult to response this without observing the context, but I will take a stab at it. On the auto theft claims end abbreviations are used, like NI, is named insured and IV represents the vehicle. With this as a guide to your question, NP would be named policy holder and as I said, without eyeing the context, I can only guess as NB being named beneficiary.

Will your comprehensive auto insurance cover your car if you were not at fault in the accident but other drivers insurance denies claim?

Let your insurance company/agent treat the claim–they will collect from the other insurance if there is a valid claim. You’ll need a police report.

What does 'symbol age group' on comprehensive auto insurance mean?

What is the difference inbetween total coverage auto insurance and comprehensive and collision insurance?

This is a good question. Utter coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client wished such as rental coverage and whatever else. Due to it being the day of suing over everything we don’t use the term any more because too many attorneys have wooed people that utter coverage had to mean every possible coverage that there is and then some even however the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don’t say total coverage any more, we name each coverage separately.

Will comprehensive auto insurance cover a claim if a tow truck damages your car in transit?

I would say that the tow truck is liable for this claim. This is also what your insurance company will say even if they go ahead and pay the claim to keep you blessed. Most of the time your company will pay then they will subrogate against the responsible party. If you have comp and collision then their is no issue. If you have comp and not collision then issue of what happened may come into play.

What does betterment mean in auto insurance contracts?

Betterment mean in auto insurance contracts is referred to as a condition relating to original and fresh equipment, or older parts, on your vehicle, when having been bruised in an accident may being substituted with fresh one. This improved condition of the vehicle is known as betterment. Betterment depend upon state laws and guidelines of insurance company.

Is there a deductible on comprehensive coverage auto insurance?

Usually there is a deductible on comprehensive coverage auto insurance. The deductible can range in different amounts usually from 0 to $1000 or even higher if it is a very expense vehicle.

How significant is it for comprehensive insurance coverage to be listed on free auto insurance quotes?

It is significant for comprehensive insurance coverage to be listed on a free auto insurance quote, so a person can get an accurate quote. A person would not want to expect to pay one amount and have to pay more.

What is the best price for fully comprehensive auto insurance as a triple A member?

The price depends on the dealer. Different dealers are different, so the prices are vary. The dealer may give you a deal if you can bargain for a lower price.

Where can one find comprehensive details on auto insurance plans?

One can find auto insurance plans from major insurance companies such as Geico or Progressive. It is recommended to get numerous quotes before determining.

What are the main benefits of group auto insurance?

Group auto insurance differs from standard auto insurance in that it provides a discount to specific groups, typically employees of a specific company or organization. The benefit is that these policies tend to make payments lower for individuals in the group.

What kind of damages does comprehensive auto insurance cover?

Comprehensive auto insurance will cover a driver for car accidents and injury caused by them. It will also cover harm from weather incidents, vandalism and fire, as well as theft.

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What is the meaning of standard auto insurance?

Standard auto insurance generally refers to the basic car insurance one needs in order to legally drive a vehicle. Often, standard insurance is acceptable for most drivers.

Where can one buy comprehensive auto insurance coverage?

One can buy comprehensive auto insurance at pretty much any company that specializes in insurance policies. Some of the most popular companies include State Farm, Progressive, Allstate and Esurance.

What is included in comprehensive auto insurance coverage?

Comprehensive auto insurance coverage covers the different types of events or accidents cause by falling objects, animals, extreme weather, theft, vandalism or riots. But it does not apply to any types of accidents with other cars.

Is a bruised key covered by my comprehensive auto insurance?

Very likely not. The main reason is that the cost to substitute a key will not be enough to exceed whatever deductible you have. The main issue to consider on any claim is what caused the loss and the claim must be caused by a covered loss.

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