Handle Your Car Insurance Claim

As a general rule, if there is unlawful action, such as a moving violation or illegal harm, the law enforcement will take care that each person who has taken part in the accident is looked after.

In order to make a petition against your insurance or the other driver’s policy, you must acquire all of the essential insurance policy details from the others involved. With this in hand, it’s time to call on your own car insurance company.

Petitions (claims) are everything that might be included in your insurance policy. If you sustain injuries, or there is damage to your car or to any property that was caused by your vehicle, you will have to to use your insurance company coverage to disburse money for the costs. This is called making a claim.

Once the insurance company completes its inquiry, if needed, they will cut you a check or get you take your automobile in to fix it. This will permit you to have your automobile mended, or to shell out cash to any other persons who might have been harmed by your blunder. For a good number of insurance companies, the course of action is very straight forward.

It is imperative, however, that when something occurs to you or to a different vehicle and its passengers, that you not disclose you were responsible for causing the accident. Just say that you do not discern what occurred, and allow the auto insurance companies to work it out. Should you disclose that you did something in the wrong, the insurance company may not pay your claim and you will be personally accountable for the costs.

Minefield of Car Insurance

When You Are Liable

How these low cost insurance policies work is, that they have low liability limits, some could be as low as $25,000, this could mean if you are involved in an accident and are liable then you could be responsible for paying for the other person, the hospital and medical expenses, loss of income and other damages. $25.000 doesn’t go far these days so the amount over and above you would be personally responsible for.

Always make sure you have enough cover with your car insurance policy. Read your policy carefully and when you are not understanding something or are not sure, get advice from someone who does know.

Choosing Your Insurance Agent or Insurance Sales Representatives.

Choosing an insurance agent has its advantages. Assessing your needs is part of what the insurance agent will do and will also look into your risk profile so they have a good understanding of your insurance requirements and your car insurance coverage.

Don’t get an insurance agent and an insurance sales representative confused. An insurance representative works for a particular insurance company, so they will be recommending that insurance company’s policies. Whereas an insurance agent works independently and will source out the best car insurance policy from all the insurance companies, the one that will best fit your needs.

There are a some things you will want to discuss with your insurance agent for your car insurance and these are:

  • What you feel about asset protection and insurance
  • What you expect if you need to make a claim
  • Your assets and your net worth

Your Car Needs Replacing After An Accident

This is an important area of car insurance. Many car insurance policies pay for total losses on the cash value of your car and not the replacement cost. Depending on the age of your car, you could be at a loss of quite some dollars, as you will have to come up with the difference if you wish to have the same car.

The age of your vehicle will determine the outcome of this clause in your car insurance policy. Many car insurance companies will cover full replacement if you car is bought brand new. They will do this for a specified time and then you should make sure you have a full understanding of what happens after that time. Often companies will do the full replacement for a year, there will also be special offers for special car promos.

If you see that teensy, weensy print at the bottom of an advert “Conditions Apply”, make sure you determine exactly what the ‘conditions’ are.

The insurance policies that pay, after total loss during the first twelve months, the total purchase price plus all costs, will each year after, lock in the car valuation as set by the industry’s standard ‘retail’ Blue Book.

Look After The Little things

You can find what is covered or not covered with your low-cost car insurance policy by reading the fine print. When you first sign your policy, these items may not seem so important. Many things with any insurance policy seem fine until you need to make a claim. This is where the so called savings will be eaten away. The savings of the low premiums you have been enjoying when you need to claim because of an accident, the costs start to come in.

If you are saving on your car insurance policy premiums, you may find you are required to use a certain repairer as nominated by your car insurance company, you will need to comply or pay for them yourself. Other policies may cost you more in premiums but could have a clause that enables you to have your own repairer without any penalty as far as the cost to you goes.

There is an area often overlooked with car insurance policies and that is your personal items that are in your car at the time of an accident. These items will also need to be replaced if your car is a total write-off.

How To Choose Your Car Insurance Coverage?

Take a look at the declaration page of your policy to find out your coverage. If you are unsure what it all means, then ask advice from an independent insurance agent, this is the one that doesn’t work for any car insurance company and will have your needs as his client, as the first priority.
It is the legal responsibility of the independent insurance agent to provide the proper coverage for their clients.

Advantages for Cheap Auto Insurance

It will really pay off if you go to an insurance agent for the best cheap auto insurance. They can negotiate on policy prices and they are able to give discounts you might not find anywhere else. When you are looking for cheap auto insurance, they can help you make decisions that will save you a lot of money. For instance, a change in your collision deductible can land you big savings on premiums for your auto insurance. Let’s say you currently have a $500 deductible. If you were to raise it to $1000, you could stand to save a lot of money on your auto insurance premiums.

You can sweeten the pot on auto insurance even more if you change your comprehensive deductible. If you have an older vehicle, you don’t necessarily need full coverage anymore. This happens frequently because you most likely paid for full coverage when the vehicle was brand new. As the car got older, you probably didn’t think to look for other cheap auto insurance and, consequently, you’ve been paying the same high rate for years. For example, a ten-year-old car could be worth as little as $1000. You’d hate to pay half of that (or more, in some cases) for full coverage!

If you should have an accident that totals your older vehicle, the cheap auto insurance company will only pay you the wholesale value of the car. This is why you want to insure yourself, the driver, very well, rather than the vehicle itself.

You can also save money with cheap auto insurance by combining coverage on your vehicles with other types of insurance, like homeowners’ or renters’ insurance. Also, if you are in a multi-car household, most auto insurance companies will give you a discount on the policies.

Another tip when it comes to auto insurance is to be sure you are getting the correct rate for your age. Your premiums tend to decrease once you pass your mid-twenties. Check with your insurance agent for any other age-related discounts. It’s also important to consider anti-lock brake systems, air bags and alarm systems for your cars. These all diminish your premiums.

Hopefully these useful tips have encouraged you to shop around for better cheap auto insurance. By contacting an insurance agent, you have the chance of lowering your premiums. Also, if you are willing to take the time to research the best deals, you can save even more money on your cheap auto insurance. Auto insurance doesn’t have to cost you a fortune. You just need to know where to look for deals and how to maximize your discounts. Go make a few calls or search the web for the best rates today.

Automobile Insurance

To protect your own interests, you need to do your own research and come up with your own plan. Then, take what the agent tells you and filter it through what you’ve already learned. This is definitely a situation where being informed can save you a lot of money.

Doing this kind of research is really easy today. Just get on the Internet, go on over to Google and start looking. There are thousands of insurance agents all over the country with websites. And each of them has filled their site with information designed to help you understand what insurance coverage is available and what all the industry terms mean.

The first auto insurance coverage you should look at is the liability coverage. In most states this also includes bodily injury. Almost all states have required minimums for this type of coverage. But are those minimums right for you? Only you can decide.

Choosing the minimum coverage will save you money up front in premiums, but what if there ever was an accident? Could you afford it? Once your coverage levels are maxed out, the insurance company stops paying and you’re responsible to take over the financial obligations. This means that if you or someone that you injure has ongoing medical issues, once your coverage limit has been reached, the insurance company will stop paying the bills. You’ll then be responsible. Are you in a financial situation where you can handle that? Even if you are, is that what you want to be spending your money on?

My advice is to get the prices from your agent on the different levels of liability coverage. Then see what fits into your budget. Usually the premium prices are not that much more each month for what can be a sizeable difference in coverage limits.

So you can see why you shouldn’t just go with the minimums because they’re cheaper. Get the numbers, do the research, get advice from your agent – then make your decision. Find the limit that makes you feel most comfortable.

And remember, if your situation in life changes, your insurance coverage should probably change too. These kinds of changes would be things like adding a new baby to the family, getting a new job with a longer commute, having a teenage driver in the house or sending an older child off to college. At the very least, you should review your new situation with your agent and get their opinion on changing your insurance coverage.