insurance for smart cars Archives - Premier Insurance Services

Understanding the Term ‘Totaled Vehicle

Post author:Mark Kofalt
Post published:January 13, 2021
Post category:Personal/Family

You've had an accident and your vehicle is in bad shape. After you report your claim, the insurance company sends out an adjuster to determine if it is worth paying out for the required repairs or instead of paying you for the value of the vehicle at the time of the accident. If the cost of repairs exceeds the value, the insurer may tell you the car is "totaled," even if it doesn't look that way. Before an accident occurs, it is wise for you to learn how insurance companies determine the value of your vehicle, which will mean one…

The Future of Insurance with Smart Cars

Post author:Mark Kofalt
Post published:January 23, 2020
Post category:Personal/Family

With more cars connected to the web, helping us navigate, talking to other cars as we zoom down the road and sometimes even driving for us, it won't be long until our autos can also make an insurance claim for us after an accident. Consider that more cars are being built with sensors and technology that allows them to communicate with external parties. It's not hard to imagine that the car could communicate immediately with emergency services and your insurance company if there is an impact. The emergency authorities could be notified in real time with detailed information about the…