| Car Insurance Facts | Car Insurance Quotes | Car insurance guide | Car Insurance Tips |
I read in Insurance Times recently that the financial Ombudsman had decreed that it would, in certain circumstances, back a policyholder against an insurer excluding claims for leaving keys in or near a car. I can’t help but wonder if the same would apply for a motor home. As an insurance broker, I almost feel that this story is not one to publicise. The family and I had a late night in our motorhome playing cards and went to sleep very tired. As a result, when we woke up the next morning we were already late for a rendezvous that we had arranged with our close friends and fellow motor homers, the Wilsons. The usual queue for the shower ensued and by the time we were finally ready to go, our friends had decided to explore the country-side without us. I then realised I couldn’t find the keys so the whole family got together and we searched to motorhome high and low. With my usual patient and calm demeanour I accused each family member of stealing the keys, which was followed by more accusations of half-hearted searching for the keys, before finally accepting my son’s story that aliens had come from mars and stolen the keys. So I then went to get my phone from the cab so that I could call my insurance company for help. I was stranded in a field with a miserable family and to make things worse, it was about to rain. There in the middle of the cab, sitting next to my phone, were the keys! I couldn’t believe that I’d left the keys to my beloved motorhome in the cab. Being an insurance man I couldn’t help but wonder if my motorhome would have been insured if it had been stolen under those circumstances. And so my mind drifted back to the Insurance Times article. If my motorhome had been a car the ombudsman would have considered Location Was I in a position to deter a thief Was I recklessly ignoring the risks Mitigating factors Whether I knew about the exclusion in the insurance policy I would like to think that this kind of thinking would have applied to me and my motorhome. If you use an insurance broker there is a much higher chance of finding a comprehensive insurance policy to cover you whatever your situation. For a leading service in motorhome insurance contact Coversure insurance. Their motorhome insurance is a cut above the restand you’ll leave with peace of mind that you need when you’re on your holidays. |
Posts Tagged ‘finance’
Thoughts On Motorhome Insurance
Tuesday, March 16th, 2010Use Caution With Cheap Insurance Quotes
Tuesday, March 16th, 2010| Car Insurance Facts | Car Insurance Quotes | Car insurance guide | Car Insurance Tips |
In business dealings there is a measure of trust between the business and the customer, and this trust needs to be maintained in order for business to take place, because no one wants to do business with someone they do not trust. This implied trust is what makes business work and what also makes it easy for less than honest people to take your money. Be sure you look very carefully at cheap insurance quotes and that you are not taken in by the low payment. Make sure that the policy will give you the coverage you need or you could find that a cheap policy could turn very expensive. As with most businesses these days, competition in the insurance business is tough and you need to be on the lookout for companies and agents that are using dishonest tactics to get your money. You need to know that the company providing you coverage and the company selling you a policy may not be one and the same. This is not a ‘buy here , pay here’ business, so the people you have to deal with once you sign a policy may be completely different than the agent who sold it to you. It is always a good idea to investigate all the companies who service your potential insurance policy with the Better Business Bureau (BBB) for complaints. Now, don’t get me wrong here. There are a lot of insurance companies and insurance agents who do provide good, honest service and have you, the customer in mind, but there are also people who are driven by greed and will use shady, dishonest and unethical techniques just to take your money. One of the ways these people will draw you in is with a dramatically low insurance quote, which they get by applying every available discount, even the ones you don’t qualify for. When the policy is written, the discounts that you are not eligible for are not applied and your payment is significantly higher than the quote. Your old insurance is canceled, the policy is written and they are counting on you just paying and staying. Usually, they will blame you for not qualifying for the discounts, which many will just accept. You are taken in by the low quote and the plan is that once your old policy is canceled, your old insurance company will not want to take you back, so in order to keep your coverage you are stuck paying them a whole lot more money than you had originally thought. When the technique is analyzed, it is a completely dishonest way of doing business, but it works or they wouldn’t do it. You have become their customer by default. Chances are, if it looks too good to be true it probably is. Check any quotes you get very closely for things such as extreme deductibles and discounts for things which you aren’t eligible to get. Examples of these types of discounts might be a multiple policy discount, which you don’t have, or a good driver discount and you know you got a speeding ticket last year. Look for these kind of warning signs when you look at an insurance quote and if you see this kind of unethical practice, then immediately cross this company off your list and get a quote somewhere else. Susan Reynolds is the content coordinator for a leading South African Insurance Provider who specialises in Providing Online Insurance Quote. |
Steps You Can Take to Find an Insurer That Offers Lower Car Insurance Rates
Monday, March 15th, 2010| Car Insurance Facts | Car Insurance Quotes | Car insurance guide | Car Insurance Tips |
If you wish to save money on auto insurance, you must shop around and get several quotes from different companies. The shopping process may become tedious or boring, since you have to spend at least few hours filling out online forms, or talking to insurance representatives. The time you spend doing it is well worth it, since the savings may add to hundreds of dollars. Insurance companies make preferences for the customers with who they like to deal with. Car insurance prices, more correctly referred to as rates or insurance premiums, may greatly vary simply because of the fact that you are getting quotes from different companies. Why so? Insurance providers classify drivers into different categories, such as low risk drivers, high risk drivers and so forth. Driver profile classifications are based on factors such as: age, location, driving history, type of car and more. Based on the category each existing or potential customer is put into, insurance companies decide which category will be the most profitable for them (taking into account competition, market share, etc), and offer the lowest rate to the driver who fits their “best” client description. One insurer may choose to work riskier groups, while another company may strictly deal with safest drivers, and turn down all risky drivers . An insurance rate from two such companies is likely to differ considerably, therefore you must shop around. Drivers who pose a low risk of getting into an accident are enticed to sign up with low rates. On the other hand drivers who are considered to be high risk, are either refused coverage, or offered ridiculous premiums. In order to find a company that will be able to provide you with low car insurance rates, do some comparison shopping. 1. Search the internet for companies that offer auto insurance. Visit company websites and fill out their forms. You may also give them a call and complete the process over the phone with a representative. The downside of talking to a rep as opposed to filling out a form is sales pressure, which may or may not be there, based on the company you are dealing with. 2. Search the internet for insurance brokers. Talk to insurance brokers. They can usually have access to the system which shows various rates, and can help you get the needed coverage, at the lowest price. 3. Look for insurance comparison sites. A number of websites offer instant insurance comparison from leading insurance companies. Some of those websites are Money Supermarket, Motley Fool, Go Compare, Ins Web and more. Usually you can enter your information such as a type of car, location, driving history, and you will be able to see rates in a matter of seconds. Best of luck! If you liked reading this column, then make sure to visit authors website, where he regularly talks about auto insurance Ontario, and how you can save money on Canadian insurance. With broad expertise in the insurance field, you can follow his solid advice. |