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hello buddies i would like to share this article, hope could help you, got it while shopping for my wife. its really a great info
So, you consider yourself pretty knowledgeable about car insurance. In fact, you pride yourself on knowing the importance of owning car insurance and the risk you face when you don’t have coverage. Well, very good, you’re on the right track and are ahead of many drivers out there. What you may not know however, is that there are some car insurance traps that you may be a victim of right now or may become a victim of if you’re not careful. Well, have no fear- we’ve designed this informative course, Car Insurance Trap 101, which will help you uncover hidden conspiracies and keep you from becoming a victim. So, sit back, relax, and get comfortable and get ready to learn all that you need to know about car insurance.
Read your policy thoroughly. First and foremost, you should read your insurance policy thoroughly. You’re probably thinking, “What? Read all that stuff, are you nuts?” Well, we’re not nuts, our experience has taught us that insurance companies can be very slick in drafting their policies and if you’re not careful, you’ll find yourself in need of insurance coverage that you don’t own due to the fine print that you failed to read. You see, insurance companies bank on the fact that the majority of their insured don’t read the entire policy. In fact, they’re hoping that you won’t read your policy with understanding and that you won’t find the long list of stipulations they have cleverly hid in their policy. So, buyers beware! When you receive your new policy, read it thoroughly and understand it.
Tell your insurance company the truth. Although no one likes to admit it, people often fudge the truth to get the best rates. For example, they know that the car will be used for work but they tell the insurance company that it will be used for recreational use only. Well, don’t do this because these lies may come back to haunt you. Let’s say that you told the insurance company that you would only use the car for recreation and you have an accident on the way to work or while running a work related errand. Well, your insurance company may conduct an investigation and discover that you typically drive that car to work every day and in turn, they may deny your insurance claim. According to Chris Wright, an insurance claim investigator with CWT Investigations, “Insurance companies rely on claim investigators to turn down claims. In fact, we’re often encouraged to do so. This is because insurance companies expect their customers to be honest and penalize them severely for untruths. This policy saves them millions of dollars a year.” So, be completely honest when you apply for insurance and divulge any pertinent information that the insurance company requests.
Notify insurer of any pertinent changes. Many people don’t notify their insurance company of any pertinent changes including changes to their address, marital status, phone number, how they utilize the car, who drives the car, whether they’ve been involved in any accidents (where claim was filed or not), if they’ve added anything of value to the car (Mag wheels, DVD player, etc), the condition of their car (whether it has rusted, been paint sealed, etc). Therefore, to avoid any confusion, you should always inform your insurance company of any changes that might affect your policy. If you don’t, they may deny your claim and cancel your insurance policy.
Notify insurer of any new drivers in the family. For those of you that have teenagers, this is especially important. Before you hand over the keys to your newly licensed or permitted kid (whether you’re in the car with them or not), you must make sure that they are covered. You see, a lot of people are allowing their teens to drive right now and they are unaware that their young driver is excluded from their policy. Therefore, you must make sure that your child is covered in the event of an accident before you allow them to drive.
Pay your car insurance premiums in a timely manner. This is especially important because many insurance companies will cancel your policy if you miss a payment or they don’t receive it on time. So, always make sure that you pay your premiums on time every time and that they receive your payment in a timely manner.
Purchase the right type of car insurance. Lastly, many people don’t have the right type of insurance or don’t have enough coverage. For instance, there is bodily injury liability, medical payment coverage, uninsured motorist, liability, collision and comprehensive coverage. Bodily injury liability provides protection if you injure or kill someone while driving. Medical payment covers medical expenses for the injured driver and passenger. Uninsured motorist covers injuries caused by an uninsured driver. Comprehensive covers losses from non collision incidents and collision covers damage when your car hits or is hit by another. The key is to know the different types of coverage and select the one that best suits your specific needs. According to John Bailey, a retired insurance salesman, “Choosing the right coverage and obtaining the right amount of coverage are very important in protecting your family’s assets. The problem is that many people are not well versed in this area and don’t buy enough of the right coverage. Then when they are involved in an accident, it negatively affects their family’s finances and this is not good.”
In conclusion, there are many types of car insurance traps that you can fall into if you don’t comply with our course, Car Insurance Trap 101.By thoroughly reading and understanding your policy, being honest when applying, notifying your insurer of any changes (especially new drivers), paying your car insurance premiums on time, and having the right type of insurance, you won’t become a helpless insurance company victim.
Read your policy thoroughly. First and foremost, you should read your insurance policy thoroughly. You’re probably thinking, “What? Read all that stuff, are you nuts?” Well, we’re not nuts, our experience has taught us that insurance companies can be very slick in drafting their policies and if you’re not careful, you’ll find yourself in need of insurance coverage that you don’t own due to the fine print that you failed to read. You see, insurance companies bank on the fact that the majority of their insured don’t read the entire policy. In fact, they’re hoping that you won’t read your policy with understanding and that you won’t find the long list of stipulations they have cleverly hid in their policy. So, buyers beware! When you receive your new policy, read it thoroughly and understand it.
Tell your insurance company the truth. Although no one likes to admit it, people often fudge the truth to get the best rates. For example, they know that the car will be used for work but they tell the insurance company that it will be used for recreational use only. Well, don’t do this because these lies may come back to haunt you. Let’s say that you told the insurance company that you would only use the car for recreation and you have an accident on the way to work or while running a work related errand. Well, your insurance company may conduct an investigation and discover that you typically drive that car to work every day and in turn, they may deny your insurance claim. According to Chris Wright, an insurance claim investigator with CWT Investigations, “Insurance companies rely on claim investigators to turn down claims. In fact, we’re often encouraged to do so. This is because insurance companies expect their customers to be honest and penalize them severely for untruths. This policy saves them millions of dollars a year.” So, be completely honest when you apply for insurance and divulge any pertinent information that the insurance company requests.
Notify insurer of any pertinent changes. Many people don’t notify their insurance company of any pertinent changes including changes to their address, marital status, phone number, how they utilize the car, who drives the car, whether they’ve been involved in any accidents (where claim was filed or not), if they’ve added anything of value to the car (Mag wheels, DVD player, etc), the condition of their car (whether it has rusted, been paint sealed, etc). Therefore, to avoid any confusion, you should always inform your insurance company of any changes that might affect your policy. If you don’t, they may deny your claim and cancel your insurance policy.
Notify insurer of any new drivers in the family. For those of you that have teenagers, this is especially important. Before you hand over the keys to your newly licensed or permitted kid (whether you’re in the car with them or not), you must make sure that they are covered. You see, a lot of people are allowing their teens to drive right now and they are unaware that their young driver is excluded from their policy. Therefore, you must make sure that your child is covered in the event of an accident before you allow them to drive.
Pay your car insurance premiums in a timely manner. This is especially important because many insurance companies will cancel your policy if you miss a payment or they don’t receive it on time. So, always make sure that you pay your premiums on time every time and that they receive your payment in a timely manner.
Purchase the right type of car insurance. Lastly, many people don’t have the right type of insurance or don’t have enough coverage. For instance, there is bodily injury liability, medical payment coverage, uninsured motorist, liability, collision and comprehensive coverage. Bodily injury liability provides protection if you injure or kill someone while driving. Medical payment covers medical expenses for the injured driver and passenger. Uninsured motorist covers injuries caused by an uninsured driver. Comprehensive covers losses from non collision incidents and collision covers damage when your car hits or is hit by another. The key is to know the different types of coverage and select the one that best suits your specific needs. According to John Bailey, a retired insurance salesman, “Choosing the right coverage and obtaining the right amount of coverage are very important in protecting your family’s assets. The problem is that many people are not well versed in this area and don’t buy enough of the right coverage. Then when they are involved in an accident, it negatively affects their family’s finances and this is not good.”
In conclusion, there are many types of car insurance traps that you can fall into if you don’t comply with our course, Car Insurance Trap 101.By thoroughly reading and understanding your policy, being honest when applying, notifying your insurer of any changes (especially new drivers), paying your car insurance premiums on time, and having the right type of insurance, you won’t become a helpless insurance company victim.
[COLOR=blue]Chris[/COLOR] 
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