Did You Know?
The popular urban legend about the color of the car affecting insurance premiums is totally false.
If you are driving a car, the law says that you need coverage for it. It doesn't matter how safe your driving is, other drivers on the road can't be trusted.
Auto insurance companies do give the security of protecting the car against any unforeseen damages, but sometimes these companies take innocent consumers for a ride, indulge in unfair practices of charging them more through the concept of hidden fees, and shy away from paying the damage fees when needed.
It is not just auto insurance, it is the entire insurance market that is too opaque for an average American to understand. We all know that we have to pay a certain amount, but how did the insurance amount reach that figure? No one knows, and very few ask.
There is also the popular concept of hidden fees, which not many know. The following pointers are often used by auto insurance companies to save or minimize the payments made to customers.
Just imagine, if the agent you've met really had your best interests at heart, he would have lost his job ages ago. So, any offer that the agent makes to settle the accident claim is surely not what you are entitled too.
As a policy holder, you might think that the insurance company is being too generous, but in reality, they are not paying the amount they are supposed to.
The credit score check might be looked upon as a discriminatory factor by many, but it sure is in practice except for California, Hawaii, and Massachusetts.
Ensure that the photographs are clear, as it is an important way to ensure that you receive a fair compensation for the accident. Recording the entire incident on a video is also good enough.
Having an attorney by your side helps, as you get valuable information which no insurance carrier will provide. Hence, seek the services of an insurance attorney immediately after the accident, to ensure that you are awarded a proper settlement.
The agent assures you to get the best medical treatment and not worry about the insurance formalities, as the bills would be covered by the company.
Just because the agent has given you the assurance, don't just sit there and relax. Every insurance policy comes with a time limit to file a claim, and if the time expires in your case, then any attempt to claim a settlement can be termed as illegal.
Most insurance carriers don't entertain this claim, and don't even realize that most cars do suffer hidden damages that don't come out until the car visits the garage. To ensure that you are fairly compensated for the damages, please visit an experienced attorney.
In fact, adding your spouse and kids, if they have a valid license, is actually cheaper than buying each one a separate policy. It can also cover them if they happen to be in an accident while driving your car.
People spend an insane amount of money on insurance every year. Hence, it is extremely important to weigh all the pros and cons before choosing a policy for your benefit. Don't shy away from asking questions, and if you don't understand certain phrases and terms, ensure to get in touch with an attorney to get all your doubts cleared.