Dollar a Day Policy
February 28, 2008 Related Facts No Comments
The Dollar a Day policy or Special Automobile Insurance Policy (SAIP) is a new initiative that will help to make limited auto insurance coverage accessible to drivers who are qualified under the Federal Medicaid with hospitalization. These drivers will obtain medical coverage only policy at the low cost of only $365 annually.
Payment for the insurance policy can be paid upfront at the cost of $360 or two equal payments that will total $365. This covers emergency treatments immediately following the accident and the treatment of serious brain and spinal cord injuries up to a maximum amount of $250,000. This policy also provides for a death benefit of $10,000.
• Declarations- this part of the policy indicates the personal information of the driver. The contract can be void if any information here is not true.
When an accident takes place, automotive owners rely much on their auto insurances. But on the contrary, most of them do not have a clear idea on how it is to have an automobile insurance. For instance, in no-fault car insurance, it is indicated in the contract that the insurance provider will handle the damages whether the accident is your fault or not. Also, the color of your car is not a factor to consider in your insurance rate. Another thing is that if it is your car, even if you are not present or not the one driving in the event of an accident, your insurance should keep it covered.
When you are involved in an accident that is not your fault, will the other party’s insurance provider pay for the repairs on your car? The answer is yes! That is assuming the insurance policy of the party at fault is carrying basic liability coverage which will assume the responsibility for the damages caused by their client.
Every car dealers aim to sell and service to vehicles with maximized profits. More often than not, registering vehicles through manual process comes in the way in achieving this goal because it could take time and effort both on the part of the dealer and the consumer. In this case, the technology of CVR (Computerized Vehicle Registration) is of great help. Great amount of time and money are saved by the dealers using this technology. While on the part of the consumers, better satisfaction is achieved because there is faster sales transaction minus the added trips to the dealers. The change from manual process to CVR came out to be one if not the best that ever happened to automobile industry.
• The rule of thumb is to always shop around. Check as many auto insurance quote as much as possible. The prices differ from one company to the other so there is no harm in getting estimates from various companies.