Archive for category Financial
When shopping for car insurance, there are many options open to you. It can be overwhelming and seem difficult to save any money. Here are some less conventional ways that you can save money on your auto insurance quotes.
Do you have a large or small car? The size of your car can impact your auto insurance quotes. A smaller car weighs less, and is therefore more likely to be involved n a serious accident. You are also more likely to drive a smaller car more often. On the flip side, if you own a truck, van, or SUV, you might end up paying more because of the costs of repairing these types of vehicles. In order to save the most money, look at the costs of maintaining your vehicle vs. the costs to insure a vehicle and make your car buying decision based on these figures.
In a for-profit capitalist society, it’s important to recognize the insurance industry is not on your side. You are a source of revenue. If the industry is forced to pay too much of that money back to you in the form of claims, it makes no profit. The need to pay salaries and a dividend to investors dictates the insurers make it difficult for you to claim. Indeed, if a reason can be found to avoid paying you a cent, you can be sure the insurers will adopt it. Why do they feel able to treat consumers with contempt? Because they have been doing it for decades and no one has complained effectively. So, if you want to give yourself as trouble-free a route as possible from accident to check in back account, you should always take a moment to understand the auto insurance policy before you submit the claim. No matter how trivial you may think some of the conditions and requirements, make sure you comply with all of them. Do not give your insurer a reason to accuse you of being in breach of a policy requirement. If you fail in this, you may be forced into expensive litigation. Worse even if you win in the Circuit Court, there will be an appeal. Even if you win in the District Court of Appeal, you can almost guarantee an appeal to the State Supreme Court. You have to understand you are only one person but, if you prevail, thousands of others may be able to follow in your footsteps so every case is fought to the bitter end.
As an example of the burden you may have to bear, let’s go down to Florida where a woman injured by an uninsured motorist was denied payment because she failed to attend a Compulsory Medical Examination before suing. The issue here is a very simple one. This term requiring an examination is included in the policy as a precondition to payment. Yet, in practical terms, it makes no difference to the progress of the court case whether the medical examination takes place before or after the suit is filed. So long as there’s a formal assessment of the degree of injury and a prognosis of whether a full recovery is possible, the court can assess the amount of compensation when the case is heard. The insurer is not prejudiced by the timing of the examination.