Car Insurance Traps to avoid

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 ***ge 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.

know more see free insurance quote at http://www.oneshopinsurance.com

see also: How to start a nursing agency a complete guide to start a nursing agency business.

If you rent a home or apartment instead of owning a house outright you may not think you have a need for insurance or believe that it is even available to you for that matter. The truth of the matter is that regardless of whether you own or rent it is a good idea to have insurance and even if you rent instead of buy you can qualify for insurance; it is known as renters insurance and it can be a safety net you can’t afford to miss.

At a minimum renters insurance will cover your personal property such as furniture, clothing and electronics in the event of theft, fire or natural disaster. Renters insurance may also provide protection for you in the event that someone is injured while at your residence.

Homeowner's Insurance protects you from the unexpected occurences. If your house burns to the ground, with all of your personal belongings inside, the average person would stand to lose hundreds of thousands of dollars. it allows you to protect your home, your belongings, and more. A home owner's insurance policy is vital when you own a home in Las Vegas or anywhere else. So vital, that your mortgage company will mandate that you have one.

This is why you should be sure that you have an insurance agent that you can trust to make sure that your homeowner's policy is tailored specifically to your home, and your needs. This can only be done by making sure that you and your agent thoroughly discuss your insurance needs, and adjust the coverages appropriately. Remember, with home owner's insurance, all policies are NOT created equal. Some offer coverages that others don't, or optional coverages that some agents will not include simply to keep the price down. Remember, its YOUR home, and your agent should always allow you, with their counseling and guidance, to make the choices on your policy that are best for you..

Feel free to search for free insurance quote, http://www.oneshopinsurance.com is the right place to avail..