Top Three Auto Insurance Claims & How Long They’ll Affect Rates Being involved in an auto accident is traumatic for everyone involved. Unless the person at fault is someone who is purposely causing an accident for fraudulent purposes, like collecting insurance money, no one plans on making an accident happen. Knowing the most common auto insurance claims may help you reduce[Read More »]
Buying a New Car or Transferring Title From Personal Seller: What is Covered on Auto Insurance? Many people have just enough knowledge to be dangerous when it comes to insuring a new car. Some have heard that a new car is automatically covered on an existing policy and either wait for a long time before notifying the insurance company or not adding the new vehicle information[Read More »]
Collision Damage Waiver – What is the CDW and Who Needs It? CDW stands for Collision Damage Waiver. This coverage is mainly speaking of protection on a rental car. Excluding the waiver means that you are taking on full responsibility for the full value of the car and will pay the rental car company any damages or loss of income that may[Read More »]
How to Deal with Car Insurance Agents: Captive Agents, Direct Captive Agents and Independent Brokers Shopping for the many types of property and casualty insurance, one will run across several different ways to contact insurance quotes. The main ways to obtain various quotes are through a website, through the company directly, and through a local agency. There are three main types of insurance agents: Captive[Read More »]
Increased Claim Frequency and Severity And Their Impact on Your Policy Up until 2010, claims costs have overall enjoyed stability of claim costs, even though the average claim has been increasing. This is due to the decrease in claims frequency. However, 2010 and 2011 saw an increase in claim frequency and claim severity according to the Insurance Research Council (IRC). Contributing[Read More »]
