Personal Insurance

Car insurance usually follows the car in Louisiana. The types of car insurance that follow the car in Louisiana are bodily injury liability, personal injury liability, collision, and comprehensive. You’re required to carry bodily injury liability and property damage liability in Louisiana.

No, uninsured motorist coverage is not required in Louisiana, as drivers can reject the coverage in writing.

While your health insurance should pay for medical treatment after a wreck, uninsured motorist coverage could still be beneficial, as it can cover ongoing expenses like long-term care. … Yes, some car insurers will use your uninsured motorist coverage to pay for injuries or damage expenses after a hit-and-run accident

Usually, yes — your car insurance coverage should extend to anyone else driving your car. … So if you lend your car to your best friend, your sister or even your second cousin, your insurance is most often the insurance that will pay in the event of an accident.

Collision coverage pays for vehicle damage caused by crashes, while comprehensive coverage pays for any other vehicle damage, such as theft or flood damage. You must carry collision and comprehensive car insurance if you have an outstanding auto loan or leased the car.

Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won’t be covered.

If you wish to have a homeowner’s insurance on a home that you don’t have the deed, you must take note that you can’t file a claim for the policy. The only person allowed to make the claim is the owner of the home. In this case, the policy should be listed under the name of the property owner.
Home Insurance Deductibles – How Do They Work?
Deductibles are what you can expect to pay out of your pocket before the insurance steps in to pay for damages. Knowing about hidden deductibles in your policy will save you a lot of time, money, and frustration if anything terrible happens to your home.

There are two types of deductibles on home insurance policies:
 

1. Percent-Based Deductible (%) Hurricane or Wind/Hail Deductible
   Percentage-based deductible means that your deductible is a set percent of the Coverage A or dwelling coverage in the policy. (this is NOT the market value of your home, but the first line of coverage on your home insurance declarations page). In most cases, it’s between 1 and 5 percent of your home’s replacement value.

   So, if your policy has $200,000 of dwelling coverage for your home and you have a 2% deductible, then you would have to pay for the first $4,000 ($200,000 * 2%) of damages to your home before the insurance company starts paying. Keep in mind these % deductibles are often attached to special perils, like a Hurricane Deductible or Wind/Hail Deductible.
    

2. Dollar Based Deductible ($)
   You pay a set $ amount anytime you file a claim. The most common deductible is $1,000. However, it can be as little as $500 or as high as $10,000.