Questioni am a complete novice when it comes to auto insurance. i have some very basic questions.
why do i have to pay a deductable if it's his fault? i.e. why must i pay money for something i did not cause? if i dont have collision, then this issue doesn't even come up? so if i am not hurt, i gain no benefit, but if i still report it, what happens to the other guy, he doesnt pay me anything, but his premium will go up?
if i get liability insurance coverage for 2 million dollars, that means if it's my fault, and he's hurt, my insurance will pay him up to 2 million dollars towards his injuries, and obviously my premiums will go sky high?
what happens if we get into an accident and we both have the same insurance company?
why must a person pay more for insurance for a newer car, and for a car that's loaded? because it costs more to repair for the insurance company?
thank you
sk
AnswerHi sK
You got some very interesting questions...insurance is not my expertise only know the basics
Why dont you send these great questions to someone thats sells insurance...i would really like a copy of your reply something that i could use on my website
PS...I could answer your questions but only feel 90% about my answers and i dont like making comments unless i feel 100%
Regards
Ray
