When buying auto insurance you want the best coverage you can get for the lowest price possible. Here are a few issues you should consider before committing to a policy.
Understand your coverage
Too many of us have had the experience of finding out – too late – that an insurance policy doesn’t cover what we believed it did.
A so-called “full-featured” policy sounds like a good thing but some can actually be full of value limits, clauses, and exceptions, any of which could leave you vulnerable should an accident arise.
Make sure you understand all the legalese before you buy a policy. A good agent will tell you if you’re signing up for a policy that leaves you vulnerable in key areas. Make sure you understand the full extent (and limits) of your coverage.
Claims can raise your rates
Let’s say you get into a minor fender bender. Your damages are less than the total deductible on your policy, and so your insurance company doesn’t have to pay out. This doesn’t mean, however, that your insurance premiums won’t be affected.
Any reported accident, whether the claim falls under your deductible of not, may result in you paying somewhat higher rates because adjusters now consider you more of a risk to insure.
Get your claim approved
Good adjusters are sympathetic to your situation; they’ve seen it all. But it’s also their job to look for ways to minimize risk for the insurance company. When you file a claim, keep it simple and stick to the facts, so that the adjuster has a clear picture of what happened and so that you have your best chance for getting your claim approved.
At John B. Wright, we’ve been working with Monmouth County drivers since 1961.Talk to us about an auto insurance policy that really fits your needs. Contact us at www.johnbwright.com
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