Unfortunately, scam can also happen in the industry of insurance. Definitely you will do everything to prevent you from being the victim. It’s just a matter of strengthening your common sense so they cannot take advantage of you. First and foremost, shop around to compare. There is no harm in visiting a lot of websites especially of those well known insurance providers. Gather as many information as possible before you make a decision. Make sure you are working with a legitimate agent or broker. You have the right to check on their license and other credentials. Stay wary on the amount of insurance premium that you will pay. Lastly, upon payment, make sure you have the necessary proof of payment.
May 5th, 2008 in
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by: Djai Tanji
In customizing your car, make sure that it is safe to drive and the insurance company might want to have the itemized bill details about everything that has been modified and done to your car. There are some car owners who do the works themselves and because of this, parts could be improperly installed and does not match regulated standards or be illegal to drive on public roads. And worse, if you’ve gotten yourself involved in an accident, the authorities could find out and they might even discover that the accident is caused by illegal modifications and improper installations. And in result, the insurance company will refuse to cover you.
by: Djai Tanji
There are several insurance companies that specialize in antique and customized cars all throughout the United States. Check on Classic Auto Insurance, Antique and Custom Automobile Insurance, Continental Western Group Tri-State Insurance, Hagerty Insurance, Grundy Worldwide. It is good to consult these specialized auto insurance companies because they can understand the real value of your custom paint job, chrome accessories and other specialty car enhancements. They can as well provide appropriate price for your car. Standard insurance companies on the other hand ay not be able to quote you accurately that might end up having an inadequate coverage for your investment.
by: Djai Tanji
Just in case you are planning to pimp out your ride, you have to consult first the insurance agent for some important matters. To modify your car is such a huge investment and it may not be covered by the insurance. Always ask first the insurance company about your plan to help you know the do’s and don’ts in auto insurance coverage, that is to know if they are willing to insure your new ride and the total cost for having your modified ride still covered. If ever your present insurance company would not cover your modified parts for their ordinary policies, then most probably you must add an endorsement to your policy to extend your comprehensive and collision portion of your auto insurance policy.
by: Djai tanji
Shopping around for auto insurance is beneficial for you to compare the rates and policy coverage, there you can compare and select which plan suits you best. Insurance premiums for similar coverage on the same car can differ widely among different insurers and even in states that regulate auto insurance rates. It is the best time to look up for new alternatives especially when your current insurance policy is going to be renewed but of course, you can shop around any time you want. When getting quotes from various decent companies, do not consider price alone but instead make sure that the coverage being offered by each insurer meets your need. Also try to find out about the insurer’s background and records in the industry.
by: Djai Tanji
There are some factors that affect your auto insurance premium that you cannot to much about like the state you live in, your age. The make and model of your car, your driving record, and where your car is garaged. But there are some factors as well that you can do something about to help you lower your premiums. Eliminating optional coverage from your auto insurance will surely lessen your premium like towing, rental insurance and labor will lower your premium. Also by increasing your insurance deductible, eliminating collision and comprehensive coverage if you are driving an old car that is worth less than $1, 000 and could manage to pay for repairs if necessary. You can also ask about discounts that are available for your auto insurance. And of course the most practical way is to drive safely and by keeping your car in a garage.
by: Djai Tanji
It would be quite ideal that the auto insurance company will pay for everything but unfortunately, that is not the typical scenario. There are some things you will be needing to cover yourself. DEDUCTIBES is the amount of money that you have agreed to pay out of your own money before your insurance coverage settles in. EXCLUSIONS are the events or situations that your policy particularly leaves out from coverage like property damage or personal injury you purposely cause to others, or damage to your own car because or mechanical failure. COSTS ABOVE LIMITATIONS are any expenses for which you are liable that exceed the caps on the dollar amounts of coverage you are allowed to receive under your policy.
by: Djai Tanji
Unless you can afford to pay for the damages yourself, it will make a great benefit to purchase types of coverage like Collision, Comprehensive and Medical payments or personal injury protection. COLLISION will pay to replace or repair your car if it is damaged in an accident. While COMPREHENSIVE will insure your car against damage that is caused by something other than an auto accident like theft, flood, vandalism, fire, etc. MEDICAL PAYMENTS or personal injury protection coverage will cover your various medical expenses that is not covered by your health insurance or your passengers’. These types of coverage by the way are optional in most states.
by: Djai Tanji
There are three types of liability coverage that the stale law will be requiring you to purchase even a minimum amount. Bodily injury liability will protect your asses it you are held responsible for an auto accident in which other people are hurt or killed. While Property damage liability will cover repairing or replacing the auto or vehicle and other properties of other people. And Uninsured or underinsured motorist coverage will insure you against losses caused by other drivers with little or no auto insurance, unless of course you live in a “no fault” state where your own insurance covers your losses.
No one wants to get involved in an accident even if you are covered by a car insurance. However, since accidents can never really be foreseen, it may be inevitable that if and when it happens, you will need to make a claim on your coverage from your insurance provider. To make things easier for you and your provider, here are some tips on making a claim:
- Never drive away from an accident, especially if a person or an animal is hurt or injured or property is damaged.
- Get the names and pertinent information of all involved in the accident, the insurance company will need this to process your claim.
- A sketch of the accident is also necessary, if possible, show exact boundaries where the accident took place and road or traffic signs in the area.
- Have your Certificate of Motor Insurance ready so that you can show it to the police or the other parties involved.
- Report the accident to the insurance company at once even if you do not intend to file a claim, it will help your appraisal and your insurance company.
via [Car Insurance News]
March 6th, 2008 in
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