When Your Car Insurance Get Rejected

Car insurance is a mandatory investment as the law. Therefore, a large number of car owners opt to pay a premium for a car insurance policy to safeguard their cars against a possible collision. However despite this, a majority of their claims are rejected by companies. This is because people are unaware or rather ignorant to the intricacies related to car insurance. Therefore, a major chunk of car insurance claims are rejected. To stop this from happening, let’s go through a list of reasons where a car insurance claim might get rejected:

1. Intimating your insurer late or not at all: Please be informed that your claim is destined to be rejected if you fail to inform your insurance provider in the stipulated timeframe. On an average, you should update your insurance company within 48 to 72 hours from the time of accident or collision.

2. Driving under the influence of alcohol or any other drug: This one is a no-brainer but still most people are negligent about it. If you are driving when you have consumed alcohol not only are you breaking the law, but even your insurance company will refuse to cover in case of an accident.

3. If your car is being used for commercial purposes: If you have a private car and it is being used for any commercial use such as being used to carry goods or passengers than your car insurance provider can reject your claim. This is because there are different policies for Private car and commercial vehicle policies.

4. If you drive without a valid license: In case you or anyone driving your car is driving valid license and face an accident then your coverage becomes null and void. Therefore, ensure you renew your license on time.

5. Starting the repairs before inspection by insurer: When you intimate your insurer about the collision or accident, a surveyor will visit you to inspect the condition of the car and authenticate your claim. Without this inspection, the insurance company will be unable to trace the degree of the repairs and estimate the cost involved. Therefore, your claim is bound to be rejected.

6. Failing to transfer the policy from the previous owner: There is going to be some verification during the claim process. In case, the car insurance policy is not in your name then your insurer has the right to refuse your claim.

7. An Electrical or Mechanical Breakdown: In case your car is damaged without any external collision due to some electrical or mechanical breakdown then you are not covered by your car insurance policy. In this case, you will have to shell out some money from your own pocket.

Next time be more careful of all these reasons and ensure you make maximum utilization of your car insurance policy.

Working In Auto Insurance Field

Everything you wanted to know about the behind the scenes reasons to a career choice in the industry!

Four questions that highlight the passion for Auto, Home, Business, Property and Life Insurance and three varying responses to them!

Question: No matter how long any insurance agent has been in the business, there was always a time when he or she was a rookie. Can you remember what prompted you to begin a career in indemnity?

Answer 1: Actually, my exposure to the industry came out of my very own requirements. I was personally searching for auto coverage. The problem was that every agency I turned to offered very expensive premiums. It was only after I mentioned this to some of my college mates that I found a differing approach. I was guided a specific agency that showed a level of customer service that seemed unique. They showed an honest interest in me, sat me down to a discussion about my particular situation and searched their wide network of providers to give me a tailored plan at a competitively low rate. It was then that I decided this was what interested me in a profession.

Answer 2: I was actually in the market for a job when a good friend who had just passed the state insurance test, suggested the idea for me. At first, I scoffed at the prospect. After I met the agency head where he worked, things changed. I was so impressed with the ‘happening place’ that I became open to this as a career choice.

Question: What form of training went into becoming an insurance agent?

Answer 1: As for anyone interested in this field, I had to attend classes on the subject matter. This culminated in a test, after which I received my insurance license. I have to admit, though, that without the on-site training I received from the agency that took me on, I would not be as knowledgeable, nor as skilled. It is a training that does not end in the initiation process. To this day, I can honestly say that I can rely on my superiors for backup training in all aspects of the field.

Answer 2: The training for me incorporated a licensing course, written examinations and on-the-job training.

Question: What part of the job astonished you the most?

Answer 1: Coming from being on the sidelines of insurance as a client, I did not realize to the full extent the importance of having an honest agent that could direct you through the maze of insurance.

Answer 2: Before getting into the industry, I had no idea how vital insurance is in all facets of life!

Question: Any advice to give others who might be considering becoming an insurance agent?

Answer 1: Undoubtedly, the beginnings are difficult. If you have a reliable agency on your back though, and you give it your all, chances are you will be successful!

Answer 2: If anyone tells you the industry is flooded, don’t listen! Invest in the effort. Gain the trust of your clients by being honest and straightforward and you will reap the results!

Benefit Buying Car Insurance From Agency

Car insurance agencies have been set up so as to aid car owners to access insurance services at a fast rate whilst giving advice on the various policies that they should choose. Some of the reasons as to why you should go to an agency include:

  1. Unbiased opinion: going to a car insurance agency means that you will be able to get information that is free from bias when you are choosing the best coverage. They will be able to give the best advice and advice on what works and what doesn’t. You will be able to get a policy just as you want it and the very coverage needed.
  2. You will also be given the chance to make company comparisons for the company that operates within your region. As such, you can check the prices and the success rate of the companies. In this way, you will be able to end up with the fairest company in the area.
  3. Agencies can also give you sound advice using the vast knowledge that they have in various policies. They can provide such information from all the insurance companies that are around.

Choosing the best insuranceA car insurance agency will be able to determine the best policy that is best suited for your vehicle. This coverage should be in line with the needs that the car has. Risk should also be determined and the excess amount that the insured is willing to pay should a risk occur. The excess amount is paid upfront before one can claim their insurance.

There are insurance companies that offer a very low rate when compared to others. However, they may not cover you unless you first pay the excess amounts that can be very high. The excess can actually be a very high amount usually, no definite benchmark for the amount in excess stands. You need to consider this carefully. It is important to be aware of any insurance cover that is cheap.

Time saving

The car insurance agency can actually save you a lot of time. By taking time to do research, you will be able to understand things better. Dealing with an agent from some of the insurance companies will help to a great extent. Talking to only one car insurance agency will allow you access to the various policies so that you may make up your mind on which is the best for you. Comparisons can help you to a very great extent. The car insurance agency will also take a look at the situation you are in and thereby advise you according to the budget and the need the budget that you are working within.

It is possible for car insurance to be affordable ad comprehensive and cheap too. Choose a coverage that is available from the major insurance companies and the prices. You should know that the having a cheaper policy doesn’t mean that the coverage will be great. Don’t waste too much time, but rather go directly to an agency.

Why Overview Car Insurance Matters

Car insurance is a very important thing for every car owner, regardless of the location they are in. Every state gas got its own requirements. There are some requirements that the drivers must meet so as to be able to purchase insurance and be able to drive without getting into trouble. Also, car insurance can also be an expensive and complicated affair. Most drivers find themselves operating and they do not understand emergencies that are covered. It is important to speak to a professional about some insurance questions, but there are some basics that everyone looking for car insurance should understand.

Property and liability

In auto insurance claims, there are usually two types of claims that you can find and they are property and liability. Usually, liability will cover you the car owner for all reasons like intent to harm or negligence. Property insurance, on the other hand covers any damage that is inflicted on your car or damage inflicted on another car.

For the individuals who are wealthier, they have greater liability insurance because there is a great likelihood that they may get sued. Most time, these people are able to fix their cars in case of an accident.

The limits and the deductibles

Limits can be defined as the maximum amount of cash that the insurance company can pay for every claim of every policy. In most contracts, you will discover that there are set limits on both ends. Sometimes limits for property and liability can also be set. When the limits are lower, then the premiums are lower and vice versa.

On the other hand, deductible is the amount that you will need to settle yourself before the company takes over the claim. In such a case, there is a deductible for every occurrence and for every policy. When the deductible is raised, the premiums go down.

Coverage lines

In most cases, the insured is required to have some coverage lines. There are many options to select from. You may choose to choose coverage in case you drive another car. There is also the option of adding others into the policy. A social coverage can also be selected for the theft of the car or vehicle parts.

Un-insured motorist coverage is very common. This is where uninsured motorists are covered. This comes in handy when there is an accident and the other party doesn’t have the required insurance.

Comparing the companies

Many of the contracts that have to do with cars have very similar details. Also, car insurance companies can be quite different from one another. If you select a great company, the services will also be great. You will employ better rates and coverage too.

Reviews can really help in the decision making process. You can ask your family and friends or check with local business bureaus. You may make comparisons based on the ratings that they enjoy. There are different systems that have been set so as to compare different companies. When the ratings are good, then you will definitely know that the company is sound financially.

Get Discount On Auto Insurance Rate

When you get a car, you need to have auto insurance. It is important to get coverage that is comprehensive, but also inexpensive. While most people care a great deal about getting a good price when they first set out to get car insurance, they often fail to continue searching thereafter. Not continually looking for good deals can cost you hundreds each year.

Many people are unaware that the cost of your auto insurance can be lowered to help you save, depending on your driving record, your car, and where you are.

Increase Your Deductible

If you insurance the amount you pay for a deductible, it will reduce the cost of insurance fees. Now understand that this move is certainly one way to save on the costs month to month, but if you end up in a car accident, then yes it can end up costing you more to fix the damages.

However, if you have a history of being a safe driver, try it out and set some money aside for an emergency fund to cover unexpected car costs.

Try Carpooling

There are some insurance companies which actually track mileage, so the less you drive, the cheaper your coverage. With these policy types, if you drive less than 7,500 miles you get the lowest rate, and anything up to 13,000 is the medium rate.

Change Plans to What You Need

It is better for you to change plans to what you need, when you need them. Buying a brand new car is going to require different insurance compared to an older car. When you are paying off your car loan you will need collision and comprehensive coverage, but once it is paid off you have many more insurance options at your disposal.

You might end up with more collision insurance than you need. In fact, on older cars it is recommended that you drop collision insurance anyway because comprehensive coverage is comparable inexpensive and will give you all the coverage you need.

Combine Policies

If you have car insurance and renters/homeowners insurance through different companies, you might be able to combine your policy with one company and stack discounts.

Check for Discounts

If you have changed jobs, moved somewhere new, or anything else, keep track of your policy options. You might be able to get a cheaper policy in a new town or with a new job.

Check Your Credit

Your credit score has a small role to play in what your insurance costs are. So pay your bills on time and make sure you work hard to improve your credit score. As you are doing so, continually check to see if you now qualify for lower rates.

Other Discounts

As a student, good grades can earn you discounts. As an adult, see if you can take an adult driver safety program from better discounts. Consider avoiding a red colored car, as these come with higher insurance rates for users compared to other colors.

How To Get Insurance Rate

Getting the best car insurance rate can seem exhausting. This is made even more difficult when you consider that lots of insurance agents are reticent to volunteer information on the discounts and deductibles they have available.

Getting the best car insurance rate, therefore, means arming yourself with the facts.

1) Compare Premiums

The first thing you want to do is compare premiums. The rates in your area might be different from one place to another or one agency to another. Sure, they might not be substantially different, but even a percentage point or two can help to save quite a bit of money for longer term.

Visit different insurance company websites and compare the rates you are offered. In state insurance offices they typically have pricing guides but the categories used by the companies you are considering might not match yours so use a guide yourself to figure out the most cost-effective insurance agents in your area.

2) Family

If you have teens in your family, anyone under 25 to be exact, manage them carefully. Young drivers tend to pay more because they are accident prone. Once they reach 25, statistically this decreases.

That said, if you have kids, encourage them to keep their grades high, at a B average or more, so that they get discounts on car insurance. Students can get between 5% and 25% saved. Moreover, if they complete approved drivers education courses it can get them a large discount.

Parents of students who spend part of each year at a school which is more than 100 miles from home, and need the family car to do so, might get a break on the costs too.

3) Careful Driving

Kids are not the only ones who need to be careful drivers on the road. Many insurance companies give a discount of 5% for anyone who keeps a clean record for three years in a row, and 10% for those who go six years without an accident or violation.

You might even get discounts, depending on where it is you live, if you are a female and the only driver in the family, a non-smoker, a senior, or a member of specific profession which is statistically less prone to accidents (usually law or medicine).

Other discounts can be had from taking defensive driving courses, carpooling, or maintaining low miles on your car. If you participate in a data-tracking program, where the insurance companies get to monitor your driving habits, then you can often get a discount for that too.

These rates all vary based on where you are and what company you use. Moreover, you might not qualify for a discount one month, then qualify the next.

You need to keep on top of the insurance company and make sure you are getting the discounts you deserve, because they will not be the ones forthcoming about what ways you can save. Asking about these programs can only help you save, not hurt you. So call your agent today.

Get Auto Car Insurance Compare Before You Apply

Comparing car insurance policies online while buying a new policy or renewing an existing one is an absolute must task. If you care about your car and money which we are sure you do, then you should definitely do your homework before buying your car insurance. With the presence of multiple insurance providers, buying car insurance may be more confusing than convenient for you. The easiest way to get the best deal for your car insurance is by comparing it. You should compare car insurance due to the following factors:

Save on Premium Rates

Every insurance company has a different pricing policy and different base plans because of which your final insurance quote will look different from different insurers. This not only depends on the name, age and model of your car, but also on the various components of the insurance policy, the base rate and pricing structure of the company. Thus, you ought to compare car insurance from different insurance companies to get an idea of the industry rates. This will allow you to pick up the insurer who is offering you the best premium policy at the lowest price.

Power of Choice

Online comparison empowers you to vary some of your key inputs and calculate the premium cost almost instantly. These key inputs, in the case of car insurance, are Insured Declared Value and voluntary deductibles. Both these factors have a significant impact on your car insurance premium. Higher the IDV and lower the voluntary deductible, higher will be your premium amount. Thus, you can weigh the two and set them as per your needs and requirements. An online comparison allows you to customize each one of them and see their individual effect.

Add-On Covers

Car Insurance add-on covers are very powerful and can help you get the best policy at a reasonable price. In case you do not know which cover is the best for your car, you can compare it on online aggregator’s website and get a detailed idea about each one of them. Not all companies offer the same set of add-ons; hence you can compare it for multiple companies and select the one that best matches your requirements.

Discounts and Other Offers

Most of the companies give attractive discounts on car insurance in view of attracting new customers and beat the competition. You can easily get an idea of the discount offered by each company and their terms and conditions therein. When you compare the car insurance, you will come to know which policy gives you the maximum discount for your car. Everybody loves the discount, but it is important that you do not miss on the key features of the policy in lieu of a discount.

Check the Reviews

Most of the comparison tools give a comprehensive comparison of the policy from different vendors. This also includes comparing the star rating of the company, their feedback from the clients and the reviews by the customers. These reviews and ratings often play an important role in influencing your decision. Thus, it is worthwhile that you go through these ratings in details and get a clear idea about the insurance company and the plans available to them.

No Claim Bonus (NCB)

In case of renewing your car insurance, NCB can play a key role in determining the final premium amount of your car. NCB is the discount offered on your insurance for the next year in case you do not make any claim in the current year. Although the NCB percent is standard, you can still account for this factor while comparing your final premium costs from all the insurance companies.

It is true that buying a new car insurance policy or renewing an existing policy may sometimes look to be a challenging task. But with several online aggregator websites and comparison tools available, you can get a clear picture about all the policies in one go. You can not only compare the same policy from different vendors, but may also compare different policies offered by a single vendor. Thus a detailed comparison will give you a clear idea of all the policies available and help you select the best one for your car.

All About GAP Insurance

Once you have insured your car, you are good to go. Right? The answer is no. You still need GAP insurance. What is GAP insurance? Let’s take an example. Suppose you have bought a car making a down payment. After a couple of months, you end up getting your car totaled or stolen. You will get payment from the insurance company based on the existing value of your car in the market. The actual price of the car won’t be considered. This type of insurance provides coverage in this type of scenario. Let’s know more.

Guaranteed Asset Protection (GAP)

The term GAP is short for guaranteed asset protection. This insurance policy includes your motorcycles as well as cars. It’s a good idea to apply for insurance should you consider a finance deal in order to buy a motorcycle or car. Once you have sold your car or have paid its price, you can get a refund. You may want to keep in mind that this policy is not an alternative to motor insurance. This is just a type of additional insurance that you can consider to protect your car.

The importance of GAP insurance

The price of vehicles doesn’t remain constant. So, the insurance company will figure out your payout keeping the current value of your vehicle in mind. Not everyone has to get insurance. GAP insurance won’t be a requirement if you got a loan to make payment for the car. You can do with the regular car insurance.

However, if you take out a loan for a car, we suggest that you give a go to GAP insurance. The reason is that if your car is totaled or damaged, the rest of payment won’t be on you. Aside from this, it will be the responsibility of the insurance provider to get you a replacement car in addition to alleviate the loan you got to buy the car.

Types of GAP insurance

Typically, your car dealership can help you with insurance. Apart from this, you can go to licensed brokers as well. According to many experts, getting insurance from reliable brokers is better than car dealerships. The reason is that car dealership will cost you more.

GAP insurance is of many types. Each provider has different policies and the prices of the policy are different based on the car and the dealer/broker.

It’s important to note that some insurance packages, such as finance insurance is there to help you get funds for buying a car. Besides, you can consider a lease insurance policy that helps you handle the fees and costs incurred as a result of damage to a leased car. Another type of insurance plan was created in order to fund your new car purchase. At times, your insurance provider adds to your insurance package.

Long story short, you may want to make sure that you know what a GAP insurance policy has to offer before you get it. You can ask the broker for more information.

Tips To Get Auto Insurance

Do you have the right car insurance? Well, many people think that it is a must to have the right car insurance. It will be better if you get the best one with cheap auto insurance. While most people know whether they have liability, collision or comprehensive coverage, some people pay much attention to their insurance coverage until after they have been in an accident, the others just do not really care about it.

Shopping for car insurance is an important planning topic that is often overlooked since most teenagers are added to mom and dad’s insurance policy when they first get behind the wheel and then later shop for the least expensive policy when they have to the pay the bill on their own. In this article, we will be discussing car insurance coverage and so you will get some tips to help you get the most for your money.

Cheap auto insurance has two primary benefits. The first one is protecting your assets and the second one is protecting your health. Getting the proper coverage is the first step in the process. These are the basic types of coverage with which most people are familiar:

1. Liability: This coverage pays for third-party personal injury and death-related claims, as well as any damage to another person’s property that occurs as a result of your automobile accident.

2. Collision: This coverage pays to repair your car after an accident. It is required if you have a loan against your vehicle because the car isn’t really yours – it belongs to the bank, which wants to avoid getting stuck with a wrecked car.

3. Comprehensive: This coverage pays for damage incurred as a result of theft, vandalism, fire, water, etc. If you paid cash for your car or paid off your car loan, you may not need collision or comprehensive coverage.

In addition to the coverage listed above, other optional coverage types include the following:

a. Full Tort/Limited Tort: Your insurance will be reduced by a few dollars if you give up the right to sue when you get an accident. However, giving up your rights is rarely a smart financial move.

b. Medical Payments/Personal Injury Protection: Personal injury protection pays the cost of medical bills for the policyholder and passengers. If you have good health insurance coverage, this may not be necessary.

c. Uninsured/Underinsured Motorist Coverage: This type provides for medical and property damage coverage if you are involved in an accident with an uninsured or underinsured motorist.

d. Towing: Towing coverage pays for a tow if your vehicle cannot be driven after an accident. If you are a member of an automobile service, or if your vehicle comes with roadside assistance provided by the manufacturer, this coverage is unnecessary.

e. Glass Breakage: Some companies do not cover broken glass under their collision or comprehensive policies. In general, this coverage is not worth the long-term cost.

f. Rental: This insurance option covers the cost of a rental car, but rental cars are so inexpensive that it may not be worth paying for this coverage.

g. Gap: If you demolish that $35,000 sport-utility vehicle 10 minutes after you drive it off the lot, the amount the insurance company pays is likely to leave you with no vehicle and a big bill. The same thing applies if your new set of wheels gets stolen. Gap insurance pays the difference between the blue book value of a vehicle and the amount of money still owed on the car. If you are leasing a vehicle or purchasing a vehicle with a low, or no, down payment, gap insurance is a great idea.

All About Dependent Insurance

You know about the auto insurance companies that boast about their low premiums on national television, radio and social media. They really want you to internalize their messages.

The truth of the matter, though, is that there may be a misconception about what they mean.

“Replace your current coverage with ours,” they proclaim, “and you’ll find savings on your auto insurance!” Or “Allow us ten minutes and we will present you with a cheaper rate than others.”

The real facts indicate that most vehicle drivers will not get any savings with a policy switch to a direct insurance company. This is because no dependent company has the wherewithal to offer any other coverage than their own. The shimmer of a cheap quote can actually be the mask covering an increased insurance deductible and less liability coverage.

In order to underscore this important lesson, we bring you this actual narrative involving someone who decided to go with an independent agency’s ability to locate tailored car insurance for him.

A motorist who had previously been insured through one of these highly advertised dependent companies that promote ‘cheaper rates’ decided to go with an independent agency known for their impeccable customer service.

Following a review of this man’s ‘cheap’ auto policy, the insurance specialist discovered some serious gaps in coverage. Understanding this could cause serious problems if the insured should ever be involved in a car accident, she went to work, looking through the many policies offered through her company’s network of providers. She pinpointed an excellent plan that covered the gaps and had an attached competitive low rate.

The customer was satisfied with the find and left with a fresh peace of mind due to his newly acquired policy.

As fate would have it, it was not long afterwards that this insured was involved in a car crash that left his vehicle in a totaled condition. Because the other driver was at fault in this collision, it was assumed that the other driver’s insurance company would pay for the damages.

But there was one major snag to this. The other insurance company offered to pay an amount that was far below the totaled car’s worth.

It was then that the new policyholder whose car had been totaled decided to call his new company. The insurance company gave him no hassle, no problems. Instead, they mailed him a check made out to the amount that genuinely represented the worth of his car, three thousand dollars above what the at fault driver’s insurance company offered!

Guaranteed: the happy ending to this true-to-life story would have been very different if that ‘cheap premium’ policy with gaps in coverage would have been in place.

Now, you be the judge, is that ‘cheap’ policy really ‘cheap’?