Review car insurance

Kim Roach :I am looking for low auto insurance rates online but I do not know how to compare my auto insurance policy, can you please help me?

Response : I agree with you Kim, you need to know what is it that you are going to compare when you compare auto insurance rates online. Please see my earlier post on review auto insurance coverage. In order to compare car insurance quotes or to review car insurance coverages. you first need to know what your own auto insurance policy is providing. For this it is necessary to read your own auto insurance policy.

Your car insurance policy is a legal contract, so at first glance it can seem confusing. But, if you know what to look for and where to find it, your policy becomes a lot easier to understand. Each auto and homeowners insurance policy has three standard parts:
Declarations Page. This is where you’ll find your name, a statement of the policy period during which you are covered and the amount of premium you pay. The “dec” page also includes a description of the insurance coverage provided and gives the maximum dollar limit the insurer will pay for a claim under each coverage.
You need to see the coverages mentioned here and the lmits of each of them . For eg Liability coverage will be mentioned showing you a bifurcation for Bodily injury and Property damage coverage.
Insuring Agreement. This is the main part of the policy. It describes what the insurance company will do in exchange for the premium you’re paying. The insuring agreement will also say who is covered: The persons named as insureds on the declarations page, residents of the same household and persons using the car with the permission of the insured. Everything is spelled out specifically in an attempt to avoid misunderstanding. Read the definitions section and the list of exclusions that apply to each coverage. Its vital that you know what you are covered for and what you are not covered for when you need to use your coverage!

Conditions of the policy. This last section describes your responsibilities when you have a claim, for example how much time you have to report it and what documentation you must give to the insurance company. It also explains the terms for canceling your policy—both for you and the insurer. You can cancel your policy at any time, however your insurance provider may only cancel under certain conditions and with advance notice to you.
Exclusions of the auto insurance policy : Some auto insurance policy will have specific exclusions that will tell you what is excluded from scope of the policy. If the exclusions are not mentioned than the scope of the coverage needs to be re-read again so that you understand what is excatly covered. Once you know and have reviewed what you have you will find it easy to understand how to compare auto insurance quotes online.
Have a great day.

Compare auto insurance

Tagged with:

Filed under: Compare Auto Insurance QuotesReview Car Insurance Coverage

Like this post? Subscribe to my RSS feed and get loads more!

Possibly related posts