Blog about Insurance

Have you ever sat down to read your car insurance policy cover to cover? If you have then you already know it’s about as clear as mud! If you’re not fluent in insurance-ese or legal-ese you’re destined to spend half the time with your policy in one hand and a dictionary in the other! The good news is, there are really only a few things you need to understand about your insurance coverage. How high your coverage limits are, and what’s going to be covered.

In other words, you need to know what type of car insurance you have! Read the rest of this entry »

Have you ever been hesitant to tell your car insurer about minor damage to your car because you were afraid your rate would go up?

The Insurance Information Institute reports that the average expenditure for car insurance has steadily increased each year since 1999. If no other party is involved, you may be tempted to keep quiet about a minor claim.

But why have insurance if you can’t use it when you need it?

“People are often too petrified to file a claim because they think they won’t be able to afford a premium increase,” says Eric Tyson, the author of “Personal Finance for Dummies.” Read the rest of this entry »

We’ve all been there–pulled off on the side of the road, staring at the back bumper with the huge, fresh dent, wondering who’s at fault (them, of course) and if the car insurance company will honor your claim. Filing a car insurance claim doesn’t have to be intimidating, and with these tips, you’ll get the claims process started quickly and easily.

Beware of the few companies that are out there that only offer car insurance scams. This is one of the pitfalls of car insurance. While the numbers of these fly by night type companies are dwindling, they do still exist. The sold purpose of these companies is to offer you substandard, if any, insurance policies in return for your money, and lots of it.

There are other forms of car insurance scams that you should look out for when you are searching for a car insurance quote. These scams are not executed by companies, but by fellow citizens who are out to make some money. Read the rest of this entry »

While thinking about car insurance is just about as exciting as watching paint dry, it is a necessity. Most of us will have to pay for motor insurance and, is a legal requirement if you are driving a vehicle on the roads. Yet many of us still do not know enough about the product and what the cover entails.

When shopping around, or indeed buying car insurance for the first time, it makes sense to know what kind of policy would best suit your circumstances. This particular issue centres around what you are driving and for what reason.

There are three different levels of car insurance cover. The basic product is standard Third Party insurance. This covers a few eventualities that may occur when you are out on the road. Read the rest of this entry »