U.S. Archives - Vermont Republic https://vermontrepublic.org/tag/u-s/ Second Vermont Republic Fri, 19 Jun 2020 09:21:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://vermontrepublic.org/wp-content/uploads/2019/01/cropped-LogoSample_ByTailorBrands-1-32x32.jpg U.S. Archives - Vermont Republic https://vermontrepublic.org/tag/u-s/ 32 32 At-Fault and No-Fault Insurance: What’s the Difference? https://vermontrepublic.org/at-fault-and-no-fault-insurance-whats-the-difference/ Fri, 27 Sep 2019 12:01:34 +0000 https://vermontrepublic.org/?p=1774 Car insurance in the U.S. is regulated at the state level. Because regulations vary from state to state, there really is nothing uniform about our system. This is easily observed when you compare at-fault and no-fault insurance. Some states use the former system, others use the latter. The differences between the two immediately become apparent …

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Car insurance in the U.S. is regulated at the state level. Because regulations vary from state to state, there really is nothing uniform about our system. This is easily observed when you compare at-fault and no-fault insurance. Some states use the former system, others use the latter.

The differences between the two immediately become apparent following an accident. As you will learn from this post, the type of system a driver operates under determines his or her ability to sue following an accident.

No-Fault Insurance

source: justdial.com

We will start with the no-fault category because only 12 states operate under this system. No-fault insurance involves a system in which drivers procure their own insurance policies to cover themselves against personal injury and property damage. Personal injury lawsuits in no-fault states are limited.

Let us use Florida as an example. According to the VG Law Group, Florida’s no-fault system requires drivers to carry their own personal injury protection (PIP) to cover out-of-pocket expenses, including lost income and medical care. Each driver covers him or herself regardless of who is at fault.

In the event of a minor accident, contacting a Florida personal injury lawyer would only help if a serious injury were sustained. Yet this is where the system gets a bit muddled. Florida law has an established threshold that determines whether or not a claimed injury is serious. A serious injury meets at least one of the following conditions:

– It is permanent

– It includes significant and permanent scarring or disfigurement

– It includes significant and permanent loss of bodily function.

Any personal injury claims that do not meet one of three conditions do not meet the standard for suing. Victims rely on their own PIP and health insurance plans to cover their expenses.

At-Fault Insurance

source: toppr.com

Thirty-five states have an at-fault system in place. At-fault insurance is based on the premise that the costs associated with an accent can be distributed among all parties based on level of liability. This system allows accident victims to sue for all sorts of damages.

Litigating at-fault cases is covered under what is known as tort law. In such a case, it would be up to the court to decide how much liability to assign each driver involved in an accident. The court’s findings determine how much each insurance company pays to cover the costs of the accident.

Where a Florida personal injury attorney may not be able to help after a minor accident, a personal injury attorney in Ohio could help victims of minor accidents in the Buckeye State. The only catch is one of the policy limits. Insurance companies only indemnify drivers up to their policy limits.

Insurance Choice States

There are three states that allow drivers to choose between at-fault and no-fault policies. Those states are Kentucky, New Jersey, and Pennsylvania. Drivers in all three can choose the type of policy they want at the time of purchase. However, they must stick with their choice once made. A driver cannot elect for no-fault policy and then switch immediately after an accident just so he or she can sue.

Drivers in the three choice states that elect for at-fault insurance retain the right to sue just like drivers in states whose systems are fault-based. Policy limits are still in play, though.

Is one system better than the other? That depends on your point of view. Both at-fault and no-fault systems have their strengths and weaknesses. It really depends on how you view car insurance and the protection it should offer drivers. Preference really boils down to reserving the right to sue other drivers.

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Why Gold Is the Only Money You Can Trust https://vermontrepublic.org/why-gold-is-the-only-money-you-can-trust/ Mon, 19 Aug 2019 11:21:31 +0000 https://vermontrepublic.org/?p=1536 What’s better than a dollar in your pocket? An ounce of gold. Besides the fact that an ounce is now worth nearly $1400 again, there is a strong case to be made for recognizing the fact that one bullion coin is much, much better than $1400 in your bank account. The world is heading into …

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What’s better than a dollar in your pocket? An ounce of gold. Besides the fact that an ounce is now worth nearly $1400 again, there is a strong case to be made for recognizing the fact that one bullion coin is much, much better than $1400 in your bank account.

The world is heading into a period of major uncertainty. That’s when investors lose faith in stock markets, currencies, bank accounts – and put their trust in gold. These are the leading reasons people trust bullion first and last.

1. Climate Change

Not everyone believes that human activity is changing the planet or on how to solve the problem, but scientists are pretty much convinced that the world is headed to become 2 degrees warmer, and the consequences will have you reeling if you’re not prepared read more on erizon.com.au.

2 degrees Celsius (or 3.6 Fahrenheit) of warming will upset the world order. Extreme heat will affect 37% of the world’s population, drought will significantly disrupt agriculture in the U.S., Mediterranean, and other parts of the world and flooding will have massive financial consequences in coastal areas. If you have money invested in Florida, there’s a good chance the land itself will disappear. By 2100, Florida could see $413 billion in real estate literally go underwater. Sell while you still can.

In times of major upheaval, gold may be the only currency investors trust.

2. Bank Bail-Ins

source: kiplinger.com

The 2008 financial crisis was accompanied by some of the world’s biggest bank bail-outs (and later followed by major bail-outs of auto companies). In the U.S., taxpayers footed the bill for an estimated $700 billion to prevent a global depression. In fact, there’s now evidence the true cost could be in the trillions as part of an extended effort to rescue the economy.

In response to this, the U.S. could be on the verge of following in the footsteps of other G20 nations and introducing a bank bail-in system, where depositors, not taxpayers, pay to keep banks afloat. Your bank accounts, shares, and even gold stored in a bank could be used to rescue the reckless financial institutions you chose to keep your money.

To keep your gold out of the bank, learn about global allocated storage from your source of bullion.

3. Gold Prices in a Crisis

Because everyone puts their trust in the staying power of bullion, prices thrive on uncertainty. It’s a hedge against an irresponsible monetary policy, inflation, the stock market crashes, and just about everything that can go wrong with financial markets.

Before you make your investment, click here for more info about gold investing, prices, and your options.

4. Currency Debasement

source: nhindependence.org

In the not-so-distant past, when governments needed their money to stretch further, they’d reduce the gold and silver content of the coins they used to make payments. They controlled the mints and money, so it was within their power to do so, but ultimately it caused inflation – the money they made was worthless.

Today, through quantitative easement, governments make money worthless by creating credit. It was a tool extensively used post-2008 to the point that there are some serious concerns about the stability of U.S. monetary policy.

Your money is safest in precious metals. It’s the secret to investing in an uncertain world.

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