Most car insurance companies limit their payment to the market value of the car and will not pay any more than the insured’s estimate of the value in the proposal form. You will probably be surprised at the variances between the quotations.
Buying a used car doesn’t have to be complicated. With around 40 million used cars sold each year, your choices can seem overwhelming. But if you’re going to invest thousands of dollars in a vehicle, you’d be smart to take the time to find a reliable used carYes, they’re out there.
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For example: if the current market value of your car is Kshs. 800,000 and you buy insurance of Kshs. 600,000 for the car and you later suffer a loss of Kshs. 100,000, your insurer will pay as follows: 100,000(loss value) x 600,000(insured value) = 75,000.
Cookie-cutter car insurance can end up costing you extra money, and may not give you the coverage you need. Once you’ve figured out the coverage that’s right for you and your budget, use our free car insurance quote tool to build the policy that’s right for you.
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Dec 28, 2007 · Hello, I’m 17 years old, male, never been in an accident or anything, and I am currently insured by my parents. If I wanted to get my own car insurance, roughly how much would this cost me? Thanks.
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Flood damage is excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available as a separate policy from the federal government’s National Flood Insurance Program (NFIP) and from a few private insurers.
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