If your airbags deploy is the car considered totalled?
Often but not always. A vehicle is deemed to be a total loss if the cost to repair the damage to a vehicle exceeds the Actual Cash Value of the vehicle. Actual Cash Value of a vehicle is what that vehicle could have been sold for (by the owner) immediately prior to the damage being incurred. When an airbag deploys it tends to cause quite a bit of damage; the cladding that covered the airbag needs to be replaced, the airbag itself needs to be replaced, the airbag sensor needs to be replaced, often windows are damaged and often the vehicle interior also needs to be cleaned. Additionally, in order for an airbag to be deployed a vehicle normally needs to first suffer quite a bit of crush damage, meaning that there are likely a number of cladding and/or structural pieces that need to be replaced (bumper cover, bumper pads/bars, fenders, hoods, cowls, grills, radiators, A/C condensers, etc.). All of these things add up to expensive repairs, which increases the probability that the vehicle will be deemed a total loss; however, it is not always the case. If the vehicle in question is a brand new Bentley there is a good chance that the heavy front end damage and interior damage we would expect from a frontal impact resulting in airbag deployment may not exceed the value of the vehicle (heck, when both my airbags deployed after a front end collision my vehicle wasn't a total and it was a 3 year old SAAB). Now, if we had the same damage on a 2010 Honda Civic then it is very probable that the vehicle would be a total. I once declared a vehicle a total loss because it had been keyed from bumper to quarter panel, which would have cost $1,100 to repair... the vehicle was an old beater with an ACV of approximately $750. It all comes down to the verbiage in your automobile policy that states "we will pay the lessor of repair or Actual Cash Value..." if the repairs exceed the ACV then it's a total loss.
I have insurane with geico only what Florida required with a $10,000 ded.because of the ins.claims made in my?
The state of Florida has minimum limits of $10,000 property damage plus $10,000 in PIP. Florida also has deductibles in PIP, which usually is $2,500, but can buy a lower deductible. PIP pays for medical bills and treatment due to an accident. In FL, there is NO requirement to buy bodily injury, but if you purchase it, the minimum limits is $10,000 per person and $20,000 max per accident. So most likely the deductible you are complaining about is under your PIP coverage. And yes, when you buy insurance, no matter what state you live in, it is based on zip codes and if the zip where you live has higher claims, then you also get penalized and pay more. Have you checked out other companies to see if you can get a better quote? If, no tickets or accidents, may find another company with lower rates.
What is the need of insurance?
Life insurance has many purposes. The most important, life insurance ensures that your family will get financial support when you are no longer around to care for them. If someone dies during his/her earning years, his/her family could suffer a huge economic loss. With the loss of a loved one, if the family is also left without money to meet their daily expenses and future needs. Then the family has to cope with so many crises at the same time. In these situations the life insurance policy provides cash to the family to continue living comfortably. You will also get the peace of mind by knowing the fact that financial help will be available to your family when you are no longer around them.Benefits of Life InsuranceBrings peace of mind: Having a life insurance will give you the peace of mind. Life is uncertain and life insurance can provide financial help to your family when you are no longer around them.Protect your family: Life insurance is about protecting your loved ones. Most of the parents want that their children will be taken care of in future, get good education and every happiness of life when you are no longer around them. Life insurance can help your dependants cover any financial responsibility that is left after your death.Helps in savings: Everyone has some goals in life for which we need to save. Life insurance is an investment option that offers a variety of products for everyone. Life insurance is a disciplined saving. Paying a little money as insurance premium every month will help you to accumulate funds.Tax Benefits: Buying life insurance policy is a good way of saving tax. The policy holder is eligible for tax benefits under various sections of the Income Tax Act.