Civil liability insurance

Auto liability insurance is a type car insurance coverage that’s required by law in most states. If you cause accident, liability coverage helps pay for other person’s expenses. There are two types of auto liability coverage that drivers in each state must have: bodily injury liability coverage and property damage liability coverage.



Coverage Type What It May Cover What’s Typically Not Covered
Personal Property The cost repair or replace your belongings, such clothing, furniture and electronics, up to the limits in your policy Personal property loss over your coverage limit
Liability Repairs if you accidentally damage someone else’s property or a guest’s medical bills if you’re found responsible for their injuries Liability protection over your coverage limit
Additional Living Expenses Additional costs you incur, like hotel bills, the home you rent is damaged and left uninhabitable Damage the structure of the building you’re renting


Think of everything you own. The value of your belongings can quickly add up. Personal property coverage, a typical component of renters insurance, may help cover the cost of replacing your stuff if it’s unexpectedly damaged ruined. That protection generally applies certain risks (also referred to as “perils”), such fire and theft, the Insurance Information Institute (III) explains. So, if your computer and television are stolen, or your furniture and clothing are destroyed by a fire, this coverage may help you pay for the cost of replacing them. It’s important to know that coverage limits — the maximum amount your policy will pay for personal property losses — will apply. Read your policy carefully contact your agent for information on what may or may not be covered.

When purchasing a renters insurance policy, you may face a few different choices. For instance:


Auto liability insurance helps cover:

  • Bodily injury.
    If you’re at fault for an accident that injures another person, bodily injury liability coverage helps pay for their medical expenses.
  • Property damage.
    If you cause an accident that damages someone else’s property (their car, for example), property damage liability coverage helps pay for repairs.


The amount your insurer will pay for covered liability insurance claim subject to the coverage limits you choose. Each state sets minimum coverage limits for bodily injury liability and property damage liability that drivers must purchase, but you may decide buy additional coverage. You may see three liability coverage limits on your car insurance policy:

  • Property damage liability limit.
    This the maximum amount your insurer would pay to repair damage you cause another party’s property. The maximum payout would not exceed the limit you’ve set.
  • Bodily injury liability limit per person.
    This establishes maximum payout for each individual who is injured an accident that you cause.
  • Bodily injury liability limit per accident.
    This sets a cap the total amount that your insurance provider will pay out for all medical expenses other people incur from a single accident you cause. It’s important to set this limit at an amount that makes you comfortable, as it may be needed help pay for the medical expenses incurred by multiple people.

Consider the following: You are at fault for a crash that injured three people in another car. Your bodily injury liability limit per person is $45,000 and your bodily injury limit per accident is $100,000. If Person 1’s medical bills total $45,000, Person 2’s cost $25,000 and Person 3’s cost $20,000, you’re likely covered, as each person’s bills were under $45,000 (your bodily injury limit per person), and the total cost of injuries is $90,000, which is lower than your $95,000 bodily injury limit for a single accident.

Any costs that exceed your liability coverage limits are your responsibility in other words, you’d have pay them out of your own pocket. That’s why it may be a good idea to increase your auto liability limits above the state’s minimum requirements by purchasing more coverage.


Liability coverage typically doesn’t pay for damage your own car after an accident — collision coverage helps with that.

Liability coverage also does not extend costs associated with your own injuries after an accident you cause. If you want this type of coverage, you may want to consider medical payments coverage.

GEICO Board of Directors Promotes Connor to VP of NY, NJ Offices

GEICO Board Directors has promoted Jeremy Connor vice president of the company’s regional office in Buffalo, N.Y., and its claims office in Marlton, N.J.

Jeremy  Connor had served  assistant vice president of claims Buffalo since 2016. He began his GEICO career in 1995 as a part-time claims information center associate at the company’s Woodbury, N.Y., regional office. He then became a full-time claims service representative.

He the next relocated to Buffalo to help establish its claims department and supervise telephone claims representatives. Later, he became a section manager. In 2007, Connor returned to Woodbury to manage planning and operations, and he became regional liability director a year later. He was named director of personal injury protection for the region in 2011.

Jeremy  Connor was elected a GEICO officer in 2012, when he was named assistant vice president of claims at the Fredericksburg, Va., regional office. In 2014, he assumed that same title at GEICO’s Lakeland, Fla., regional office.

GEICO (Government Employees Insurance Company) was founded 1936 and is a member of the Berkshire Hathaway family of companies.

6 Reasons Why Your Car Insurance Claim can be Denied

If you own a car, then having a car insurance is must.  As per the Motor Vehicles Act, 1988, every vehicle owner must buy motor insurance for his car plying on Indian roads.

Before we get to the point, have a look at the type of car insurance. Car insurance of two types. The first one is third-party liability and the second one is comprehensive insurance. The third-party liability is the basic type of insurance that is mandatory by the law. It provides coverage against the damages caused the third party in case of an accident where the policyholder is at fault. Third-party insurance only provides benefits to the other person concerned and not the policyholder.

Besides third-party insurance, insurance companies India offer a comprehensive car insurance cover to the insurance buyers. True to its name, comprehensive car insurance offers more benefits than third-party insurance. It protects the policyholder against, theft, accident, damage, and repair. It covers offers third party liability as well. Insurance experts recommend buying a comprehensive insurance order to enjoy adequate insurance coverage.

Many people think that buying car insurance India is just a waste of money. Some people believe that car insurance claims are not settled by the insurance companies.  It is nothing but a misconception. Car insurance claims are settled by insurance companies on the basis proper verification and terms and of the policy. Here’s a guide that will help you to know everything about car insurance claims.

How to File a Car Insurance Claim?

Owning car brings in a number of extra costs with it. Buying a car is itself a costly affair, but its maintenance, operating cost and repair expenses added to the list of the on-going expense that cannot be neglected. The future is unpredictable, so are the situations that may lead expenses.

To ensure your financial protection, in case of any unforeseen and unfortunate circumstances, is wise to buy car insurance. Car insurance will save you from incurred expenses in times of theft, accident etc. At the time buying car insurance, it is imperative to understand the policy inclusions, exclusions, terms and conditions, add-ons and also the claim settlement procedure.

Here are some points that will help you in order to file car insurance claim. Additionally, will ensure a smooth car insurance claim experience with your insurer.

  • Firstly, thoroughly read the process of filing the car insurance claim for your insurance provider.
  • In case you meet with an unfortunate accident, is advised that you inform the insurance company as soon as possible. You should notify the concerned insurance company immediately irrespective of your location or fault.
  • Additionally, you can take help from the customer support regarding the procedure and documents required file a claim settlement request. Clearly, understand the documents required to be submitted along with the claim application for a smoother and faster claim process.
  • Many insurance companies need a proof of loss form to be furnished at the time of registering a car insurance claim. Generally, documents such as medical bills, car repair bills well as a photocopy of police complaint report can be used as “proof of loss.
  • It is recommended that you provide all the required information and documents for a hassle-free claim settlement process. Make sure you provide all the accident-related information the insurer.
  • Maintain all the records the expenses incurred during the accident as you would need to submit it along with the claim form.
  • Print multiple copies all your documents and keep them in a safe place for a quick reference.
  • In case you meet with accident, do not panic. Firstly, if you or any other person is injured, find help. Make sure you get medical help as soon as possible.
  • Also, inform the local police the area. Assist the police will all the details that they require to file an FIR.
  • If possible, take pictures the accident location on your phone; these can also be submitted as proofs.
  • At times, the insurance company sends their representative inspect the accident spot, before they provide you the insurance claim benefits. It is your responsibility to provide assistance to the representative and fulfill all the claim-related formalities.
  • Though there may some problems that arise at the time of registering a claim. It is a legal procedure and thus needs to be filed with patience. The claim filing process is quite simple and easy, but if not followed carefully, your claim could get rejected.

Types of Claim Settlement Process

There are 2 types of claim settlement process.

  • Cashless Claim Settlement- Under this, the insurance provider settles claim directly with the network listed garage.
  • Reimbursement of Expenses- Under this, the policyholder pays for the incurred repair expenses and the insurance provider settles the claim later on.

Reasons for Claim Denial by the Car Insurance Company

Though filing a car insurance claim is a simple and easy process, there are times when the claims get denied by the company. Such situations do not occur often, but when they do, it is imperative to understand what went wrong and why. Below are several situations in which your insurance company will deny claim settlement.

  1. Accidents Caused due to Policyholder’s Negligence

Accidents can happen anytime, anywhere. Thanks potholes and cracked roads, Indian roads are highly prone to accidents. That being said, if there were chances that you could have avoided the accident, the company can reject your claim. Even the accident takes place because of your negligence the claim can be denied. Claims can be denied when the insurance company thinks that you have done something willingly that is beyond the policy terms. Such activities include drunk driving or invalid driving license. If an accident takes place when you are under the influence of alcohol or any other intoxicant, it is not only illegal, but the insurer also has to right to reject your claim application. Also, if your license is fake, expired or of a different category, then the claim will be denied.

  1. No Medical Aid at the Hour of Injury

In case, you want to file a claim for to injuries due a car accident, then it is important that you get medical treatment immediately. If you do not, there can be counter arguments from the insurance company. The insurance company may question that injuries were not caused due  the accident. But, if you provide documented proofs (medical bills from the hospital or doctor treatment certificates) showing that you underwent a medical treatment soon after the accident, then you will have a strong point to claim your insurance.

  1. No Proof of Accident

If you want to file your car insurance claim, you must take photographs of the damages and injuries caused due to the accident. In case you fail to do so before leaving the spot, then the insurer might argue on during your claim settlement.

Things to keep in mind to ensure a Smooth Claim Settlement

Below are following points to remember when you apply for a car insurance claim settlement in case of car accidents:

  • Firstly, inform the police and lodge FIR. In any bodily injuries, immediately arrange for medical aid.
  • Take note of all the details the driver involved such as name, phone number, and address.
  • Take note of the names and phone numbers of any eyewitnesses present at the time of accidents.
  • Click photographs of the accident scene. This includes pictures injuries, property damage, traffic signs, and skid marks (if any).
  • In Case Your Policy is Inactive

In order to avail insurance coverage, the car insurance policyholder must pay a fixed amount of premium to the insurance company before the due date. If the insured pays the policy premium before the due date, then the insurer shall provide insurance coverage at the time of unfortunate incidents as per policy terms and conditions. However, if he/she doesn’t pay the car insurance premium on time for any reason, then the insurer may not help him her in times of need and deny the claim.

  1. Filling False information in Insurance Policy Application

Insurance is an agreement that is built and survived on trust between insured and the insurer. In order to save some money, many applicants fill-in wrong information in the application form.

Some lie about their driving experience, previous car mishap records, car-related information such as mileage and speed.

In case you file a car insurance claim, and the insurance company finds out about the false information, then it won’t process your claim. Not only the claim will be rejected, your insurance policy can be canceled for lying.

It is important for you to be honest and provide accurate personal well as car-related information. Just to save some money, you will lose out on more. The money you have paid as premiums would be such a waste when your policy will be canceled.

  1. You Waited Too Long To File Your Claim

Every car insurance company India has its own set of terms and conditions. There is a specific time frame that is set by each insurance company to file car insurance claims in times of accidents. In case of an accident, the insurance company must be intimated as soon as possible. Many insurance companies have a standard deadline of claim imitation from 48 hours to 72 hours. If the policyholder didn’t stick to the deadline is, then the insurance company has all rights to reject the claim.

A number of insurance companies do not consider consequential losses. For instance, your car is damaged due to a collision, but you still decide to drive that leads to further wear and tear of the vehicle, then your insurance company has the right to deny your car insurance claim.

Summing it Up

Now you know under which circumstances your claim could get rejected. Make sure leave no room from your end so that you claim gets processed seamlessly. This way, you will be able to enjoy the insurance benefits offered by your car insurance plan.

How to Negotiate the Best Car Price

How to Negotiate the Best Car Price

While getting behind the wheel a new or used car can be a lot of fun, few buyers find the process of buying a car an enjoyable experience. With some preparation and persistence, you can get the car you want without blowing your budget. Getting a great deal makes buying a great car even better, and this guide aims to give you the information you need to confidently navigate the car-buying experience and learn how to negotiate car prices.

Car buying is one the last bastions of freewheeling price negotiation that happens directly between a buyer and seller. However, it’s also one of the most unbalanced negotiations you’ll find. Professional car salespeople work with hundreds of transactions per year, while most car buyers only get a vehicle every four five years. Fortunately, consumers have better access to vehicle data than ever before.

This guide will walk through three sections negotiating a car price:

  • Be Prepared – Do research ahead time to prepare yourself before you start visiting dealers.
  • At the Dealership – Work with multiple dealers and know what you should do when talking to salespeople and their managers.
  • Completing the Deal – Complete the transaction, while protecting the deal you just negotiated.

Be Prepared

Getting a good price on a new or used car starts weeks before you ever go to a dealer or other car seller. Your goals are to have as much information as possible about the vehicle you want, and have a preapproved financing plan in place.

The first step is finding the car you want that fits your needs and budget. Our new car rankings and reviews and used car rankings and reviews are based on the consensus opinions of the country’s top automotive journalists, combined with quantitative data on safety and reliability. When you start visiting dealers, you’ll want to focus on the vehicle you want, not the one they want to sell you.

Arm Yourself With Information

You’ll want to know everything you can about the car that you are seeking, from its sticker price to the invoice price that the dealer may have paid for it. You can see what other buyers in your area paid for similar cars by looking at the True Car Market Analysis report linked in each of our new car reviews. While you’ll often hear talk that a car’s invoice price (or simply, “invoice”) is the price to aim for, the True Car information is a more accurate measure, as it’s often impossible to know what a dealer’s true invoice was.

The buying insights at the bottom of many of our reviews show the current demand for the vehicle, helping you identify models that are in high or low demand. If the demand is lower, you’ll like be able to strike a better deal.

Not every car dealership is loved by its customers. There are several sites, from to specialized auto dealer rating sites, which show reviews of car dealerships from customers. While every business has some bad reviews, you’re looking for trends that show you which dealers are better to do business with than others.

Financing Comes First

Dealers typically want to merge all of the components of a car deal into one big transaction. That’s potentially a confusing and costly way to buy a car, because you’ll be negotiating financing and the price at the same time. You can take the financing component out of that package by getting a preapproved car loan from an outside lender before you head to the dealer.

Having a preapproved car loan not only saves you a lot of confusion, it’s also the best way to get a great financing deal from a dealership, as they’ll have to work to beat the offer you already have. There are several places where you can get a financing offer, including large national banks, community banks, and credit unions. You’ll typically find the best rates at credit unions, and larger banks usually offer the broadest array of financial services. Still, banks occasionally offer interest rate specials, and a few credit unions rival the size of big banks.

At the Dealership

So you have information about the vehicle, its pricing, and the deals available. Now, it’s time to visit dealerships, both virtually (via their websites) and in person. You’ll want to budget enough time to test drive the car you are considering and work with multiple dealers to get the best price.

Timing Matters

There’s an old axiom that you can save money by going to the dealership right before closing time, so they’ll make you a great deal so they can go home for the evening. While that’s not really true, sometimes are better to shop for a car than others.

Like other businesses, car dealerships have monthly, quarterly, and annual sales goals for both salespeople and the dealership as a whole. Find one that has yet to reach their goal, and you might find a fantastic deal. With the way some manufacturers structure their deals, they’ll get a bonus on all of the cars sold in a certain period if they make a goal. If you’re the lucky buyer of the last vehicle they need to get the bonus, you’re in a great position to get a deal.

The urgency to meet goals typically ramps up on the last weekend of the month, quarter, or year, but Saturday or Sunday may not be the best times to shop. Dealerships tend to be busier on the weekend, so they might not want to spend a whole lot of time with you if it doesn’t look like you’re going to be an easy sale. You have a better chance of a good deal on a weekday, according to data.

Shop at Multiple Car Dealers

In the past, shopping at multiple dealers meant driving miles and miles and wasting a lot of time. You’ll want to visit at least one dealership to take a test drive and check out the colors available on the vehicle. Beyond that, you can get in contact with several dealerships’ internet sales managers, and do much of your car shopping from your living room. In some cases, you can negotiate a price and buy the car online, and have it delivered right to your house.

There are many benefits to shopping at several outlets. Getting price quotes from multiple dealers, and letting each one know that there are other dealers in the game tells them that they have competition to beat. Second, despite the “invoice price” that you’ll often hear about, different dealers pay different prices for the vehicles that they sell. Find a dealer that who paid a lower invoice than others in the area for the car that you want to buy, and you’ve found a dealer with more room to haggle.

Dealers frequently trade cars among each other to get the right model, trim, and color for their customers. In many cases, the offers you get from multiple dealerships are on the same car. If you go for their offer, they’ll make a dealer trade to get it onto their lot.

Remember It Is a Business Transaction

Though it’s easy to develop an emotional attachment to your dream car, it’s important to remember that the buying process is a business transaction. The less emotion involved, the better. You want to remain polite and cordial, yet firm, when you’re dealing with the salesperson, the finance manager, or the internet manager.

Your main task is to get the best deal possible on the vehicle. The mission of the dealership (or private seller) is to get the highest price with the most profit they can. Both goals are OK, as long as all parties act in an ethical and legal manner.

Realize, however, that salespeople are skilled negotiators, trained to move you incrementally to the deal that they want you to accept and to the vehicle they want you to buy. You need to have a firm budget that you’ll stick to, the confidence to advocate for yourself, and the information to back up the price that you want to get.

Some customers go to the dealership with the intent of bullying the salespeople into giving them a good deal. That’s a strategy that’s doomed to fail, as people are much more likely to give a break to someone who is pleasant and professional than someone who is being a jerk.

The cost of Trump metals will cost Ford a billion in profits

Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co. about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co  said higher steel prices have brought hundreds of millions of dollars new costs.

From Ford’s perspective the metals tariffs took about $1 billion in profit from us, CEO James Hackett said at a Bloomberg conference in Ny, The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, will do more damage.” He did not specify what period the $1 billion covered.

Higher U.S. steel prices have geico resulted hundreds of millions of dollars in additional annual costs, Rick Schostek, executive vice president of Honda North America, told the U.S. Senate Finance Committee on Wednesday, even more than 80 percent of steel in its vehicles assembled in the United States is made domestically.

Honda is also facing retaliatory tariffs from Canada and China on lawn-mowers it builds North Carolina and transmissions made in Georgia.

Honda has not boosted U.S. vehicle prices as a result the higher costs but the issue is certainly part of our thinking as we go forward, Schostek told reporters after the hearing.

While the vast majority of steel and aluminum that Ford uses for U.S. production is made domestically, has said the tariffs could result in higher domestic commodity prices.

Ford shares dipped 0.4 percent at $9.36.

The United States said in March it would impose a 23 percent tariff on imported steel and a 12 percent tariff on imported aluminum from most countries. The tariffs have allowed U.S. producers to raise their prices.

The U.S. President Donald Trump’s steel and aluminum tariffs will boost car insurance prices by hiking commodity costs for manufacturers, automakers have warned.

During the presidential campaign, Trump lambasted U.S. trade deficits as detrimental to American manufacturers and workers.

Since taking office, Trump has pursued a policy of escalating tariffs that he says will reverse that trend, including waging an increasingly bitter trade war with China.

The auto industry is bracing for a possible new round of tariffs. On May 23 Trump ordered a Section 232 national security investigation into whether to impose a 22 percent tariff on vehicle and auto parts imported from the European Union and other trading partners.

The section, included in the U.S. Trade Expansion Act, allows the president to adjust imports through tariffs if they threaten national security.

At a briefing in Detroit on Wednesday, officials from analytics data firm IHS Markit said if the Trump administration imposed the Section 232 tariffs globally, it would have far-reaching consequences for the U.S. auto industry as well as the broader economy.

IHS Markit estimates that full implementation of the 232 tariffs would add between $1,800 and $5,700 to a new vehicle’s price tag and cut new auto sales by around 2.2 million units in 2020 as well as slice total sales to as little as 13.5 million units from expectations of 17 million vehicles this year.

The new tariffs would also cost around 300,000 in auto-related jobs in factories and dealerships across the country, and slash U.S. economic growth by 1.1 percentage points to 2.2 percent, IHS said.

In July Ford lowered its full-year earnings forecast due to slumping sales and trade tariffs  China as well as its struggling business in Europe.

The automaker’s difficulties in boosting sales China have showed no signs of ending despite taking steps to bring new products market.



Aston Martin thinks to overcome to Ferrari with exit to stock market

Aston Martin thinks to overcome to Ferrari with exit to stock market

Aston Martin points  a valuation that, according to expectation, will surpass that   its only rival that quotes in stock market, Ferrari NV. And what do analysts say? They are not so sure.

The luxury sports  car insurance maker that became famous for the James Bond movies presented details for  IPO on Thursday in London, which would value the British company at up to US $ 5.9 billion. This would exceed the multiples of Ferrari, which gets more profits and generates mountains  money.

The appraisal is a great vote of confidence, Chief Executive Andy Palmer said   an interview, noting that the company was less than one tenth  its current value when the recovery began. “From my point of view, the most important thing that we have only traveled half the way. We have renewed the current portfolio of products and  have much ahead.

The company’s first sport utility vehicle (SUV) will come out 2021 and provide access to the Chinese market and an advantage over Ferrari, which this week postponed the launch its SUV, the Purosangue, until 2022, said Palmer. Many luxury car manufacturers are beginning to manufacture SUVs to capture high profit margins and thus finance initiatives such as electrification.


Based on your first semester benefits, Aston Martin could be priced more than 12 times your adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). This calculation does not take into account Aston Martin’s debt and research and development spending, which would raise the multiple.

Ferrari operates at 21.5 times its adjusted Ebitda for 2019, based on data from Bloomberg, a figure closer luxury goods companies than to automotive companies. However, analysts are skeptical about the possibility that Aston Martin businesses can get an appraisal like Ferrari’s.

We love the brand. We respect the administration team. But we simply can not see how a multiple like Ferrari looks realistic, said Max Warburton, an analyst at Sanford C. Bernstein & Co., in a research note. They are selling a loss-making company according to GAAP accounting criteria in the United States, with a poor record of profitability and a fragile balance sheet, which sells cars at much lower prices  a much less dedicated public.


The British automaker will sell a 30 percent stake at between 18.50 pounds and 21.50 pounds per share, according to a statement. Prices will be set on October 5 and the price will start on the London Stock Exchange around October 12.

Everything will depend in large part on Aston Martin’s ability meet its ambitious medium-term goals, according to Arndt Ellinghorst, analyst at Evercore ISI. He estimates that, in the middle of the strip, the business value that Aston Martin points is about 11 times the Ebitda of 2021. The newly launched DB11 and Vantage were well received and can help stimulate significant sales growth.

This Project 003, we will see how the brand finally baptizes it and it will keep pulling Nordic mythology, it will be homologated and available for all markets and the first units will reach the market by the end of 2021. To see it there is still time, for now we will have that conform with this first sketch that leaves everything for the imagination.

According Andy Palmer, president and CEO of Aston Martin, he the perfect heir of the Valkyrie: “We always intended to make the Aston Martin Valkyrie a unique project, however, it was also vital for us that the Valkyrie created a legacy: direct descendant who would also set new standards within his own area of ​​the hyper-sports market, creating a line of highly specialized and limited production machines that can exist in parallel with Aston Martin’s serial production models.

Thus, the manufacturer of Warwickshire announces insurance that the Aston Martin 003 will have an ultralight structure, so AAA insurance  we can expect the same monocoque chassis conceived in carbon fiber of the two ‘Valkyries’. In the same way, it will also incorporate the active aerodynamic systems of its brothers, as well as its active suspension.

As for its mechanics, the Aston Martin 003 will also assemble a high-speed hybrid train, combining a central thermal engine with an electric one. It is expected that it is the 6.5-liter V12 equipped by his brothers and that its power surpasses the barrier of 1,000 hp.

The Aston Martin Valkyrie and Valkyrie AMR Pro will soon have brother. The British brand has Geico just revealed that a third hypercar: internally baptized Aston Martin 003, will share technologies with two mentioned  will be homologated for road.

Its arrival to he market already has date: 2021. All hyperport but born for the enjoyment in highway. The Aston Martin 003 aims  be the ‘least exclusive’ of this trio of high flights: 500 units will see the light against 150 Valkyrie or 25 Valkyrie AMR Pro. It will also have more mundane elements that we did not find in both previous, such as space carry luggage.

Not for that reason will it cease  a spectacular machine: Aston Martin has confirmed that Project 003 will enjoy many of the technologies present in its brothers, which were known as Project 001 and Project 002 in the allocations of its development, in addition to affirm that it will his most advanced model to date.