Broussard Gaines posted an update 4 months, 3 weeks ago
After spending car-jpn in the insurance industry we’ve come up with a top 10 10 list of most misunderstood things about car insurance. These car insurance myths are some of the most typical questions that most folks have about direct auto insurance either buying or reviewing their automobile insurance coverage. Its better to learn now before you have a claim and it’s too late.
I just got my 1st speeding ticket my insurance rates are likely to go way up.
Reality: If this is your first ticket your rates will most likely not even change. Most direct car insurance providers will give you a pass unless you have any other tickets or claims in the past three to five 5 years based on the company.
That new Plasma TV I purchased this past year won’t affect my AUTO INSURANCE
Reality: In the event that you didn’t pay the charge card you charged it on then it just might. Almost all insurance firms now use some form of credit scoring when determining not merely if you will be eligible for insurance, but also what you will pay. There can simply be 50% difference in rates for a person with excellent credit to someone with poor credit.
I just slammed my car door into my lawnmower parked in my own garage, my homeowners policy will cover it
Reality: Your homeowner’s coverage has nothing in connection with covering your car. The only method your car will be covered is when you have Comprehensive (Comp) coverage for your car. And then only after
car-jpn pay you deductible.
I simply cracked up my friends car and I simply tell him don’t worry my insurance will cover it
Reality: It will but only after your friends policy pays first. So let’s say your friend has a $500 collision deductible and you have a $250 deductible. You would need to give your friend the $500 for his deductible as his insurance provider is Primary. Meaning your insurance will only pay after his policy limits are exhausted. So remember in this scenario your deductible will not matter its likely to be based on friends and family.
If you are riding your bicycle and get hit by a car your vehicle insurance won’t get involved
Reality: In the event that you get hurt or killed while riding your bike and even walking outside you maybe surprised to understand that you may be covered by your direct car insurance. If the person driving the car didn’t have any insurance or insufficient insurance to cover your injuries, your Uninsured or Underinsured coverage would pay for your claim.
Someone just broke into my car and stole most of my personal belongings from it i.e. Cd’s, Cell phone, Christmas Presents, my auto insurance will pay for it.
Reality: Your car insurance does not cover your personal belongings left in the car. You are going to need to file a claim with your Homeowners or Renters insurance policy to be compensated for these items. The general guideline is your car insurance will only pay for items which are attached to the vehicle
I will be charged more for my Car Insurance because my car is red, blue, black, pink…
Reality: The color of one’s car has absolutely nothing regarding your rates. If you want red buy a red car, if you like black buy a black car. Don’t ever let this silly nonsense stop you from investing in a car.