You Win Some and You Lose Some

One thing that can be said about auto insurance rates right now is that competition is fierce.  Auto insurance companies are developing different techniques and pricing models to better predict risk.  Progressive has Snapshot and Erie Insurance has Rate Lock.  Many drivers living in Elizabethtown, Mount Joy and Marietta have saved money with these new options. But…

Insurance For Leasing a Car

The post of May 5 discussed the advantage of having replacement cost coverage for your brand new car.  An observant reader noticed the fine print in the New Auto Security Coverage.  This coverage does not apply to leased autos. Leased autos have a risk exposure commonly known as “gap”. “Gap” is the diference between the ACV of an auto…

New Auto Coverage For Your New Auto

Have you ever heard the expression: “A car is a bad investment”?  This is generally true because your car begins to depreciate in value as soon as you drive it. My post of September 4, 2011 discussed the various settlement options commonly found in insurance policies.  Auto insurance policies usually pay physical damage claims to your auto…

Stacked or Unstacked Uninsured & Underinsured Motorist? -That IsThe Question

The post of Oct 11 discussed the importance of Uninsured and Underinsured Motorist coverage.  Another choice you have to make with these coverages is whether you want “Stacked” or “Unstacked” limits.  By default your coverage is stacked.  Waivers must be signed to reject stacking. Stacked coverage allows you to collect the sum of the Uninsured or Underinsured Motorist…