Even if you're an adult, the death of a parent can represent a significant financial burden. Even self-sufficient adult children might find themselves on the hook for their parent's debts, for funeral expenses, and looking for ways to make up for productivity they lost while grieving. Despite the fact that it means a difficult conversation, taking out life insurance on a parent can be a valuable financial decision. To cut your costs for full coverage you can request that your deductible be raised. Which means if you need to make repairs to your vehicle it will cost you some out of pocket money, but will lower your monthly costs. There are other ways to save as well. If you have the money you can pay 6 months in advance, that will cut your cost considerably. For those that have a monthly payment and a bank account, you can have the money withdrawn automatically each month. This will cut your initial 'down payment' cost. There are other things you should know before purchasing that vehicle to insure. If your going for PL/PD insurance (Personal Liability/ Property Damage) which covers the other vehicle, not yours. The type of vehicle you are having insured, the cost will be effected. It used to be the color that made it a higher cost (red was the highest cost), now it's also the type. For instance you are looking at a Neon and a pick-up truck. The truck is going to cost you more, why? It can do more damage in an accident than the Neon can. Insurance companies always assume you will get into an accident, and that it will be your fault, regardless of your driving record. If you should get into an accident and it isn't your fault, determined by an Officer of the law, you can have the other persons insurance pay your deductible. If you have PL/PD, their insurance will pay you what is called a ‘Mini-Torte', but you must ask for it. You can only receive this if it was determined to be the other persons fault. You may also have to send pictures as well as the police
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