Life Is A Gift, We Should Learn To Value It.
"We find peace and satisfaction in our hearts when we know that we're safe and insured."
Other than sharing wonderful experiences in life, we should always learn to know how to live it right.
This blog will enlighten and help you realize that you really are saving more while you value and secure your possessions.
Moreover, this blog would also like to share some informative in-depths thoughts about having an insurance... the pros and cons, access in cheap insurance policies. Somehow, we can help you obtain the right insurance just suited for you.
Car Health
Auto Home
Life Rent
Other than sharing wonderful experiences in life, we should always learn to know how to live it right.
This blog will enlighten and help you realize that you really are saving more while you value and secure your possessions.
Moreover, this blog would also like to share some informative in-depths thoughts about having an insurance... the pros and cons, access in cheap insurance policies. Somehow, we can help you obtain the right insurance just suited for you.
Car Health
Auto Home
Life Rent
The Actual Cost Of Car Crashes Per Individual
Auto club AAA has hired Cambridge Systematics to initiate a study on the total expenses of annual motor vehicle crashes in the U.S. The research facility has found out that the total annual cost is $299,500,000,000. This amount equates to $1,522 per person.
The research studied the connection between congestion and crashes to estimate the relative economic impact by using figures provided by the Texas Transportation Institute 2010 mobility report data.
Crash costs are 300% more than the costs attributed to traffic congestion, which is $97,700,000,000 or $590 per person annually.
The difficulties accompanied with congestion are important for many Americans while they travel to work daily, according to Robert L. Darbelnet, President and CEO of AAA. Because crashes cost the nation $300 billion annually, which is three times more than the amount spent for congestion, the importance of a long-term, multi-year federal transportation bill is emphasized, adds Darbelnet. This will then provide the necessary and mandatory investments that would lead to better and safer American roads.
The amount Cambridge Systematics came up with was based on the comprehensive costs data provided by the Federal Highway Administration which assigns each accident its own dollar value. Basis for the dollar value would be the medical and emergency services costs, the lost earnings and household production, the property restoration costs, compensation for lost quality of life, and certain other, minor criteria.
Results reveal that large cities incur the largest total crash costs because the number of fatalities and injuries is much greater than in smaller cities. Hence, when crashes are totaled on a per person basis, smaller cities tend to have greater costs per person. People living in smaller cities tend to buy cheap auto insurance quotes to turn over the total cost of expenses they would spend if they crash into a traffic collision.
The average crash cost per person in very large metropolitan areas is $1,406, while for smaller cities, it is $1,778.
The Miami-Ft. Lauderdale-Miami Beach, Florida area has a total cost per person of $2016. This is relatively lower than the average of a medium-sized city such as Baton Rouge, La., where the average cost is $3,747 and a small city such as Beaumont-Port Arthur, Tex. which averages $2787.
Significance of New Jersey’s New Car Insurance Rules
Last week, New Jersey contemplated on revolutionary changes to stop the rising trend of premiums. The proposed changes would influence the way doctors would charge patients whose claims have been denied.
Even though New Jersey is known to be one of the costliest states for insurance, rates reduced when changes were instituted by former Gov. James McGreevey eight years ago.
Since then, however, officials say that personal injury costs have once more increased. According to New Jersey’s Department of Banking and Insurance, 97% of the inflation of rates in 2010 could be attributed on rising personal injury costs. Furthermore, the department spends $1.23 on benefits for every dollar insurance companies demand for personal injury premiums.
Q: What is personal injury protection?
* Personal Injury Protection denotes that all medical costs, lost salaries, and other payments would be taken care of by the insurance company. This policy is mandatory in several states as it is ideal due to its “no-fault” coverage, meaning it’ll pay no matter whose fault, and the claims made do not increase cheap car insurance in nj. Drivers ought to be aware though, that car damages and other expenses that are not induced due to the insured’s health are exclusive of the coverage.
Q: What are the suggested changes to be imposed on medical services?
* The previous rules consisted of a thousand listed treatments with preset fees. For example, when a doctor studies an X-ray result, a patient would not be able to pay separately for the office visit and the interpretation of the X-ray.
The revised billing codes expands this list to 2,000, which intends to make billings more detailed and therefore constraining the overuse by medical facilities through imposing limits on the number of treatments they can charge for on the same injury. Furthermore, the bill intends to moderate the utilization of costly, discommoding procedures like manipulation under anesthesia.
Q: Who is in favor of the new regulations?
* The state’s largest auto insurer, New Jersey Manufacturers Insurance Company, encourages its members to support the changes. Other insurance companies and organizations say that personal injury costs are a major factor in the escalation of premiums.
Q: Are the proposed changes final?
* No, the public has until the end of this month to give out remarks. Next month, the state will adopt them as written, make some modifications, or start over.
Even though New Jersey is known to be one of the costliest states for insurance, rates reduced when changes were instituted by former Gov. James McGreevey eight years ago.
Since then, however, officials say that personal injury costs have once more increased. According to New Jersey’s Department of Banking and Insurance, 97% of the inflation of rates in 2010 could be attributed on rising personal injury costs. Furthermore, the department spends $1.23 on benefits for every dollar insurance companies demand for personal injury premiums.
Q: What is personal injury protection?
* Personal Injury Protection denotes that all medical costs, lost salaries, and other payments would be taken care of by the insurance company. This policy is mandatory in several states as it is ideal due to its “no-fault” coverage, meaning it’ll pay no matter whose fault, and the claims made do not increase cheap car insurance in nj. Drivers ought to be aware though, that car damages and other expenses that are not induced due to the insured’s health are exclusive of the coverage.
Q: What are the suggested changes to be imposed on medical services?
* The previous rules consisted of a thousand listed treatments with preset fees. For example, when a doctor studies an X-ray result, a patient would not be able to pay separately for the office visit and the interpretation of the X-ray.
The revised billing codes expands this list to 2,000, which intends to make billings more detailed and therefore constraining the overuse by medical facilities through imposing limits on the number of treatments they can charge for on the same injury. Furthermore, the bill intends to moderate the utilization of costly, discommoding procedures like manipulation under anesthesia.
Q: Who is in favor of the new regulations?
* The state’s largest auto insurer, New Jersey Manufacturers Insurance Company, encourages its members to support the changes. Other insurance companies and organizations say that personal injury costs are a major factor in the escalation of premiums.
Q: Are the proposed changes final?
* No, the public has until the end of this month to give out remarks. Next month, the state will adopt them as written, make some modifications, or start over.