Factors that Make Insurance Policies Expensive

Posted by on Mar 13, 2016 in Insurance | 0 comments

Millions of drivers pay more for insurance premiums than the amount they get back in claims. If this weren’t so, then no insurance firm will stay in the business. In spite of this, many millions more know that driving without insurance can be much more costly, besides being a violation of state laws.

Car insurance is required in 48 states in the US whether you are driving a car, a motorcycle, a truck, or any other type of vehicle. New Hampshire is the only state that does not require drivers to carry auto insurance; however, the state still gives drivers the option to either have it or just post a bond or deposit cash with the state. Drivers in the state of Virginia, on the other hand, have the option to pay the Uninsured Motor Vehicle fee to their state’s Department of Motor Vehicles (DMV) if they do not wish to purchase an auto liability insurance policy.

Millions of drivers, however, consider paying costly insurance premiums financially burdensome. With all the add-ons or types of coverage that drivers need to purchase, plus all the other elements that insurance firms factor in when determining cost of policy, carrying car liability insurance becomes quite expensive indeed.

With regard to the types of coverage required of drivers, these vary by state. Typically, however, the following are the ones that are required: Bodily Injury (BI); Physical Damage (PD) Uninsured Motorist (UM); Underinsured Motorist (UIM). Uninsured Motorist coverage is actually added protection for victims of accidents where the at-fault driver is uninsured, if the vehicle involved in the accident were stolen, or if the accident were a case of hit & run; Underinsured Motorist coverage, on the other hand, is intended to supplement any inadequacy in the at-fault driver’s policy limit.

Some of those that are considered by insurance firms to determine cost of policy (well, to make policies more expensive, actually), are the following: driver’s age and driving experience; type of car driven, driving history, and need to carry an SR-22 filing. If the person intending to purchase an insurance policy were young, has only a few years of driving experience, is driving a car that is more prone to accidents (such as a high-powered sports car), has been involved in a car accident recently or has a DUI record, or has been required by the court to carry an SR-22 filing, the he or she will be considered a high-risk driver and may either suffer very costly premiums or be denied coverage by an insurance company altogether.

Despite all the factors and types of coverage, the website of Milwaukee, WI car accident lawyers says that drivers need not worry about firms refusing them coverage or the effects of all the add-ons on their policy.

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Requirements for a Defective Product Lawsuit

Posted by on Oct 9, 2015 in Personal Injury | 0 comments

Defective products can cause a number of injuries and illnesses, sometimes severe or even fatal. When these products come into the hands of innocent and unsuspecting consumers, victims may seek compensation from the company responsible for the defect. However, it is important to understand the requirements for a defective product lawsuit.

The most obvious requirement is that the product was actually defective. According to the personal injury lawyers of shw-law.com, this can take the form of a manufacturing, design, or marketing defect. Another element in any defective product lawsuit is that the product caused some sort of injury or monetary loss to the consumer. Even if the product was defective, if no injury or loss occurred, a defective product lawsuit likely does not exist. You must also be able to prove that the defect was the actual cause of your injury. For example, even if a coffee maker has a tendency to catch fire when being used, if it is shown that you had it near water when the fire occurred, it may be shown that your actions caused the accident rather than the defect of the product. Lastly, you must have been using the product as it was intended or in a way that the manufacturer would reasonably assume a person to use it for. Essentially, if your injury occurred when you were using the product in a way other than its intended use, you may not have a defective product claim.

When all of these conditions are met, it is often possible for people to receive compensation for the suffering they endured at the hands of a defective product from the manufacturer. When we buy a product, we rightfully expect that the products are safe for not only us, but our family as well. If a company violates this trust, it is often their responsibility to ease the turmoil caused by the defect.

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Trusts vs. Wills

Posted by on May 12, 2015 in Family Law | 0 comments

The website of the Chicago probate lawyers at Peck Ritchey, LLP explains that estate planning assures that loved ones are taken care of after their main provider is deceased. The laws behind estate planning are constantly changing, so pursuing legal help will keep you from producing illegitimate documents. Before beginning estate planning, one must decide whether they want a will or a trust.

A will is a document that explains who one wants their possessions to go to after their death, whereas a trust spells out a predetermined time when the provider’s trustees will receive their funds.

Trusts tend to be harder to dispute than wills, especially because the assets for trusts are not automatically frozen after the date they come into effect. In the case where someone is concerned a beneficiary may not receive what is allocated to them, a trust is generally a better option.

Conversely, if someone cares deeply for their beneficiary but does not completely trust that they will handle what they are given responsibly, a will may be a better option.

In terms of which one is more cost effective, it depends on the person’s situation. A trust usually costs more to implement, but if one has a lot of disposable income the tax breaks received by putting money in a trust will exceed the amount of money used to create the trust.

If one wants to leave money for a specific occasion – say their child’s wedding – a trust would be an better option. This is because the money is given to them no sooner or later than the provider intends for them to have it. Because trusts are based around the idea that the benefactor receives assets in a specific moment, they are more likely to get their funds as soon as possible. This assures that the what is given will be available when the provider intended it to be.

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Destin’s Laws and Consequences

Posted by on May 9, 2015 in Crimes on Vacation | 0 comments

The website of a Destin criminal defense lawyer explains that if one is vacationing in Destin, one should be aware of the fact that laws in Destin may be different from the laws in other cities. This means that anyone visiting can get charged for breaking the law even if the law does not exist in their home city. Charges made in Florida can and will follow someone back to their home state.

Since Destin is known as a party destination for young people, common charges associated with Destin tourists are synonymous to charges typically given out when the authorities get involved with parties. Here are some common charges and consequences people face when vacationing in Destin.

For those who are underage, understand that if you drink, you run the risk of getting in legal trouble. In Destin, first time offenders may serve up to 60 days in jail or pay a fine up to $500. For second time offenders, jail time can increase up to a year, and fines up to $1000. Any sort of charge will stay on your record permanently.

Sometimes when people have too much to drink, they become more violent than they typically are sober. In Destin, getting caught up in the moment and letting your anger get the best of you can cost you up to a year in jail or on probation, or a fine up to $1000. Additionally, those charged with domestic violence must attend anger management courses. If convicted, the charge will stay on your record forever, so think carefully before accepting a tempting plea bargain.

With marijuana laws constantly changing, it is hard to keep up with every state’s current stance. In Florida, marijuana possession is still illegal. If caught with under 20 grams, one can face up to a year in prison, up to $1000 in fines, and a license suspension.

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How to Buy a Yacht

Posted by on May 6, 2015 in Boats | 0 comments

Buying a car or a home is often part of a typical adult life. Because these processes are so common there is a plethora of easily accessible resources that can guide one through the purchases. However, people who want to make big purchases that are less common in comparison are usually left wondering where to start. One of these less common purchases is a yacht. Many people fantasize about spending their summers lounging out at sea or catching some fish, but the question of where one starts lingers. Here are a few tips on how to begin your search for a yacht.

First, think about what you would want your yacht for. Although fishing yachts can be used interchangeably as partying yachts and vice versa, it is still important to determine what you will be using your yacht for the majority of the time. This will make it easier to narrow down the models you are considering.

Next, determine your price range. Most people will not be able to afford the same yacht as Tiger Woods, but it is not impossible to find a respectable yacht in your price range. In fact, three out of four yacht owners have household incomes of under $100,000 according to the Poughkeepsie Journal. After establishing this price range, figure out what you hold at a higher priority. Are you willing to sacrifice space for quality? Would you be willing to buy an older model as long as it is a respectable brand?

Yacht brokers are a great resource who can help make your purchase a success. They are essentially a real estate agent for yachts. Brokers act as a liaison between the seller and the buyer.

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The Ins and Outs of Adoption

Posted by on May 5, 2015 in Family Law | 0 comments

Many people long for a child to call their own, but certain situations do not allow for them to produce one naturally. Because of this, people often turn to adoption in order to fulfill their dream of being a parent. However, the process often requires outside legal help, especially for people that do not fit in to the “traditional” family model.

The bureaucracy that comes along with adoption is daunting for a lot of people. Just processing paperwork can take years, especially when those planning to adopt have other responsibilities they have to tend to.

The process becomes even more complicated in certain situations. Older couples or single individuals tend to get discriminated against when trying to adopt. The reasoning behind this is that adoption agencies want to make sure parents will be healthy enough to take care of someone for the entirety of their childhood.

Additionally, same-sex couples face discrimination as well. The leniency of same-sex adoption depends on the state in which a couple is attempting to adopt. Sixteen states as well as the District of Columbia allow for same-sex couple adoptions. Outside of these states same-sex adoption is determined on a case-by-case situation by a judge. The exception to this is Mississippi, which does not allow for same-sex couple under any circumstance. Fortunately for same-sex couples looking to adopt, the number of children with same-sex parents continues to grow every year as the general population becomes more accepting of the idea.

Even though adoption comes with its complications, this should not stop one from attempting to adopt. According to the website of the BB Law Group PLLC, adoption is a joyous experience for those who want to become a parent. Many times people pursue legal action to help them sort out the intricacies involved with the adoption process. This keeps the stress level of future parents down and allows for them to focus on the positive parts of adoption.

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Dangers of Teenage Drivers

Posted by on May 3, 2015 in Personal Injury, Vehicle Collisions | 0 comments

According to statistics from the Center of Disease Control and Prevention, teens are a very troublesome demographic when it comes to driving. In 2011, 2650 teens in the United States between the ages of 16-19 died in car accidents and 292,000 found themselves in the emergency room.

Males of this demographic crash two times more than their female counterparts. This explains why someone will have to pay significantly more money for their teenage son’s car insurance as opposed to that of their teenage daughter.

Teens use their seat belts less than any other demographic. In 2013, only 55% of high school students said they always wear their seat belt when in a car with someone else. It is a little odd that this is still the case considering this current generation of teens grew up hearing an annoying beeping sound whenever the driver or passenger did not put on their seat belt. However, teens typically travel in packs to relatively close locations on roads with low speed limits, so it is possible that they do not see as much of a need to wear a seat belt with each other as they would with their parents, going into the city.

However, the Mokaram Law Firm says on its website that accidents come with profound consequences. Because of this, it is important to make sure your child is aware that they are especially susceptible to accidents. In order to do this effectively, inform them about what tends to cause teenage driver accidents. The eight “danger zones” for teen drivers are driver inexperience, driving with teen passengers, nighttime driving, not using seat belts, distracted driving, drowsy driving, reckless driving, and impaired driving.

The website of the Law Offices of Jeff Benton has observed that for Americans cars have become necessities. With less stay at home parents and more pressure for teenagers to keep busy with extracurriculars, this necessity has trickled down to the younger generation.

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