eNewsletter for Mike Love and Associates

The Top 5 Most Costly Auto Insurance Policy Mistakes

It is easy to make mistakes while setting up your auto insurance policy. Insurance agents may try to steer you away from plans that provide the best coverage to lower your premium and win your business from competitors. Contracts also contain language and terms that you may find confusing. As a result, you may be unaware of exactly how you will be covered in the event you need to use your insurance after an accident. The following five examples are mistakes people make on their policies. Not including PIP: Although personal injury protection (PIP) is mandatory in Texas, you can sign a waiver to opt out. An insurance agent may entice you with lower monthly payments at the expense of signing away PIP coverage. PIP covers lost income, funeral, and medical expenses after an accident. Neglecting UM/UIM coverage: You should always make sure you have UM/UIM coverage. It covers physical…
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The Impact of Drunk Driving in Texas

Around 1,500 Texans die each year in drunk driving accidents, accounting for nearly half of all driving deaths. Unfortunately, in 2010, that trend appears to be holding true. Earlier in the spring, a drunk driver killed a 41-year-old Houston motorcyclist. The drunk driver turned left in front of the oncoming motorcyclist. Witnesses said that the motorcyclist had the green light. Authorities have charged the driver of the green Mazda pickup truck with intoxication manslaughter. A few months earlier, another drunk driver killed a Time Warner cable worker as he worked on utility lines strung high above the ground. The 38-year-old worker was in the bucket above the ground when the drunk driver of a 2001 Isuzu Rodeo struck the back of the worker’s van. The accident ejected the worker from the elevated bucket and he fell to the ground. Emergency responders pronounced him dead at the scene. Authorities charged the…
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Commercial Truck Accidents and Truck Driver Fatigue

When a commercial truck is involved in an accident, the outcome can be deadly. According to the Insurance Institute for Highway Safety, 3,163 people died in large truck crashes in 2009, and the PRNewswire reported in February 2011 that commercial truck accidents are on the rise, after over 5,000 people died in large truck crashes in 2010, a 158 percent increase from the previous year. According to a study by the Federal Motor Carrier Safety Administration (FMCSA) and the National Highway Traffic Safety Administration (NHTSA) published in 2007, 88 percent of large truck crashes are caused by driver error by either the trucker or other driver. If you have been involved in a commercial truck accident, a qualified Houston injury attorney can help you understand your legal rights. How to Minimize Your Risk of Being Involved in a Commercial Truck Accident While it is easy to assume that commercial truck…
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If You Are Buying a Car, Beware of Auto Dealer Fraud

Mortgage fraud is only one of many ways scammers target vulnerable consumers. Car dealerships also take advantage of those in desperate situations with fraudulent tactics. Salespeople will target folks with poor credit, the disabled, the elderly and those with a poor grasp of consumer protection laws. Here is how you can spot these auto dealer fraud scams and avoid being ripped off. The Top Five Auto Dealer Fraud Scams to Avoid Bait and switch rebates: Car dealership scams will sometimes offer numerous rebates to attract potential buyers to their lots. In reality, this is deceptive advertising because the dealership knows that most of the people who show up will not be able to use these rebates. For example, a vehicle will be advertised at a reduced price of $25,000. What the salesman does not say, is that the rebate is only for members of the military. Without the rebate, the…
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