Frees Advice

Insuring Aging Cars – Pt. II

Posted on August 31, 2021 by Taylor Payne

Last post, we wrote about the cost of insuring old cars when it comes to the factors that go into repairing an old car if it is damaged. But the collision and other than collision coverage are just part of the premium you pay. The other parts of the policy included liability and uninsured, UM, and underinsured motorist, UIM protection.

Liability pays others if you…

Insuring Aging Cars

Posted on August 19, 2021 by Taylor Payne

One of the most common questions we get is why doesn’t the cost of insuring my aging car ever go down? In order to answer that, we should first make sure everyone understands when a policy pays and how the age of the car impacts the cost of the coverage. In this particular post, we will deal with the part of the insurance that…

“Sell Only What You Need”

Posted on May 12, 2021 by Taylor Payne

GEICO and Progressive spend a combined $1.5 billion a year on advertising. We have gecko lizards, cavemen, Flo, Jake, and now an emu as the pillars of these ad campaigns. One of the more confusing ones I have heard lately is a carrier that says “We will only sell you what you need.” I wish someone would tell me what that means. Is that…

Life Insurance: Do I Need It?

Posted on February 9, 2021 by Taylor Payne

Life Insurance. Where to begin? At the beginning is probably the best place. Insurance of all kinds is designed to protect you in the event of a loss that you could not otherwise afford. Insurance is where you have a known loss in exchange for an unknown loss. You insure your house in case it gets struck by lightning. You insure your car in case…

LKQ vs OEM Auto Parts

Posted on December 29, 2020 by Taylor Payne

Ersatz. My 11th Grade English teacher would be so happy that I was finally able to use one of those SAT words. Ersatz means “… made as a substitute, typically, an inferior one.” You are probably asking yourself why an insurance blog is offering vocabulary advice. Actually, I wanted to use this as a way to start the conversation about how cars get repaired after an…

Non-Owned Auto Coverage

Posted on November 19, 2020 by Taylor Payne

So, I don’t own a car. Do I still need coverage?

When you own a car and carry car insurance protection, the policy typically has two very important sections of coverage. The first is liability and physical damage. Liability protects you in the event you are sued by others for injuring them or damaging their property. Physical damage is also known as collision and…

Tree Removal

Posted on October 22, 2020 by Taylor Payne

Tree removal is always a point of contention among homeowners with their insurance companies. These issues usually come up after a storm when trees have fallen in people’s yards. Most insurance companies will not pay if a tree falls over in your yard and does not hit anything. In most cases, the only time an insurance company will pay for tree removal is if…

What is Hold Back?

Posted on September 30, 2020 by Taylor Payne

How much more complicated can they make insurance? Most of the time, it’s really very simple. Insurance works on a principle called Indemnification.” This means that you get paid for what you lost. Your car insurance will pay you the depreciated value of your car. So, if your 2010 Ford F-150 is totaled from a loss, you get paid the current value of…

LKQ vs OEM Auto Parts

Posted on September 14, 2020 by Taylor Payne

We all know about generic drugs. We know that Chevy is the downmarket version of a Cadllic. We agreed with these and even buy them because of the savings. Yes, when it comes to getting cars repaired, there seems to be a tremendous amount of confusion when it comes to the three different types of parts that are available to repair shops and insurance companies…

COVID-19: Dude, Where’s My Car?

Posted on June 1, 2020 by Taylor Payne

We’ve all seen the photos of the lack of smog and pollution over Los Angeles since the COVID-19 Stay-at-Home orders were put in place. Those who have quarantined may not have driven anywhere except the grocery store, if you even did that. So, what does all of this mean for your car and your car insurance? Most insurance carriers are providing…