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3 Things to Remember Before Switching to New Auto Insurance
Posted: Dec 24, 2014
Car insurance is a mandatory aspect of life these day, not just because of safety issues but also because it being a requirement for loan clearance. This is why every year we renew our auto insurance and find a favourable policy to keep our cars safe and sound.
Since it is an annual issue, there comes a time every year when we contemplate about buying or switching over to a new policy to ensure cost-effectiveness. Although innumerable auto insurance providers are available in the US, it becomes extremely difficult to pick out the best. Money is not the only issue one needs to look at while taking an insurance policy. Many essential factors are to be considered before shifting over to an all-new system.
Here are a few key points to consider before taking auto insurance.
This one point is what everyone ensures is sufficient to deal with the requirements of the state authorities. While liability or the coverage you get to deal with some accident victims (by your vehicle) is what people look at most, and what the state emphasizes, it can also give you a great deal of good to get something extra to safeguard your vehicle. A small dent or even a little scratch on a bigger car can result in a huge dent in your pockets too because setting right a car to its original splendor can cost more than we think. Coverage, therefore, should be sufficient for what the mandate says and to satisfy your requirements.
- Processing Speed:
How long will it take for them to process your claim? Is it cashless- that means, do is just need to go and repair my vehicle or will the insurance agent cover all medical insurance without asking anything out of my pockets? Well, although it comes under coverage, claim processes can take more time than you imagine. Hence, it is wise to ask these questions before choosing a policy.
- Premium Amount:
Are they going to give any discounts on your one time premium? This is one question that everyone asks, and thus, insurance agents are ready with an answer. There is something called a ‘no claims bonus’ you are eligible for the next year. Ask these questions before taking your auto insurance, to ensure you land up with better policy in the market.
Alternatively, there are many insurance consultants who can do these initial processes without charge. Hence, knock their doors to make your policy surfing more comprehensive.
Chester Corpuz is the Owner of Las Vegas Auto Insurance. He has been in the insurance and finance industry for over 10 years. Chester has a Degree in Finance from the University of Nevada Las Vegas.