Buy right insurance cover to remain protected

Jul 21

According to a research around three quarters of the drivers are driving without the right insurance cover. It is significant to check the car insurance supermarket to get the suitable cover and save oneself in landing in any trouble.

Around 77% of the motorists are found to be driving with incorrect car insurance policy. The age group of 25-34 years is the most risky group as around 16% of this group drivers use personal local to buy a vehicle while 14% opt for finance while buying a new car.

In the absence of right insurance cover, the motorists are unable to protect themselves against any gap or shortfall between the invoice price and market price of the car, outstanding finance and cost of replacing the car.

In such circumstances the drivers should opt for GAP insurance, as in Guaranteed Asset Protection insurance cover the complete vehicle value is covered by the provider.

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Rental car insurance covered by credit cards

Jul 14

In the auto insurance sector the rental car insurance is also better known as loss damage waiver or collision insurance but it has been derided by experts in this field as the cash cow for car rental companies. Rental cars need not be insured unlike the primary vehicles. There are some auto insurance policies that can provide partial coverage to rental cars. There are a number of exclusions and the damage waivers are not entirely the comprehensive cover that one can expect as it is full of exemptions such as exclusions for property damage and higher deductibles. The credit card companies may also offer coverage at no additional cost.

The collision damage waivers are not considered as insurance in the strict sense. They are actually agreements that state that the rental company cannot levy some of the damages on the customer.

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New insurance scam by car scammers

Jul 08

The scammers are now duping the finance firms and car insurance companies by plotting new type of car insurance scam.

The criminal gangs arrange insurance and finance of the car on the basis of a clean identity driver that ensures easy insurance and credit checks while buying the car. The scammers let someone else buy or hire that vehicle to any driver with an insurance ban or bad credit. The sub-hired new cars are given to driver with bad driving record without notifying the insurers and lenders.

According to the head of the motor finance for the Finance Leasing Association sub hiring is an old phenomena but now it has become problem for both finance and insurance firms. Just in first three months of the year the motor finance fraud was up by 17% and car sub-hire fraud contributes half of finance fraud cases.

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What types of auto insurance exist

Jul 08

Auto insuranceWhen you are considering to buy a car, old or new, it is necessary to provide for a car insurance. The car you buy must have insurance policy, which could help in case of others, you may be faced with problems of accidents or anything like car damage or body. In this situation, it is very significant that you have a backup insurance to help you.

There are three basic types of car insurance, which are automobile insurance, liability insurance, coverage for body damage and protection against uninsured motorists. Read more…

J.D. power & associates – consumers who combine policies are dissatisfied

Jul 07

According to J.D. Power & Associates, the satisfaction with the pricing among auto insurance customers is now comparable with those levels that were earlier reserved for those policyholders who bundled their homeowner’s policies and auto insurance policies.

The study conducted by J.D. Power measured consumer satisfaction with the auto insurers based on 5 factors such as policy offerings, price, interaction, claims, and billing & payment. The study has found that satisfaction levels in those who had purchased a homeowner’s policy from another insurer and those who only had an auto insurance policyhad gone up now when compared to 2010 (it is up by 26 and 21 index points on a 1,000-point scale). But

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Catastrophic auto insurance suggested by Halifax lawyer

Jul 01

A Halifax personal injury lawyer has suggested to the Nova Scotia government that there needs to be a boost in the medical rehabilitation benefits which are handed out to those who suffer ‘catastrophic’ injuries in motor vehicle accidents. John McKiggan has stated that those who suffer severe injuries in accidents required extensive medical treatment and should be eligible to receive more medical benefits, maybe up to $100,000. They must also have additional benefits such as income replacement of up to $1,000 for every week that the injured person is unable to go to work as a result of the accident. John McKiggan is from the Atlantic Trial Lawyers Association.

McKiggan has also served in the advisory committee at the Nova Scotia Automobile Insurance Review. He

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Insuring Motorcycles versus Scooters

Jul 01

If you are considering an alternate mode of transportation to cars then you are probably considering motorcycles and scooters as options. Both burn less fuel than cars do, take up less space, and provide the outdoor riding experience so many people enjoy. Both have their advantages and their disadvantages in comparison to the other.

Most people think of scooters as cute little mopeds that don’t go very fast, but that’s not necessarily true anymore. Scooters are now being manufactured by major motorcycle companies which look very much like a motorcycle and are capable of travelling fast enough to keep up with traffic on a major highway. On the other hand, they do not go as fast as motorcycles do and may not be suitable for long distance travel. Man Read more…

Strategies Of Car Insurance Policies

Jun 30

The car insurance rules of most of the countries may vary depending on mishap statistics of that particular area and the driving conditions. While considering the car insurance schemes of UK, the policies as well as prices will be varying depending on the provider. In UK, there are a wide range of options like third party coverage, comprehensive, fire and theft etc.

You can choose a particular category depending on your personal needs. For example, the comprehensive schemes will be providing you with complete coverage over any type of mishaps, vandalism, theft or damage. Most of the companies in UK are providing the best packages which will help you to secure your car and the possessions at very reasonable price. Read more…