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The cost of car repair insurance varies based on a number of factors, the first of which is the company that you purchase your coverage from. Every company sets its own rates, and just like with ...
Myth #2: Your red car will cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
Tony Cotto, director of auto and underwriting policy at the National Association of Mutual Insurance Companies, says that a federal right to repair bill could mean relief for relentlessly rising ...
This coverage, however, cannot apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured's vehicle, assuming that a rental car may be worth more than the insured's vehicle. Most rental car companies offer insurance to cover damage to the rental vehicle.
Insurance companies may do this because it's not always possible to determine how badly a car is damaged — and how expensive the fix will be — before the repairs begin.
If the company is in the 25% bracket, the contribution costs it only $750,000 (with $250,000 saved in taxes). Employee benefits provided through ERISA are not subject to state-level insurance regulation like most insurance contracts, but employee benefit products provided through insurance contracts are regulated at the state level. [28]
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