Do You Lend Your Vehicle to Uninsured Drivers?
Sometimes merely qualifying for car insurance is not enough. Yes it's great to have a policy that covers you and your vehicle in case of an accident or theft, but when you are not driving all those scenarios are thrown out the window. Here's why
Anytime somebody drives your car without a valid license or insurance and they are involved in an accident, the insurance company is not liable to pay for the damages.
Finding the right car insurance company is a complicated manner. It involves several phone calls and/or visits to the main office. This was especially difficult for rural residents in the old days. It's obviously easier today, but many people still view the process as a hassle.
Brokers have become an essential component in the insurance process. They were hired in the old days to reach customers who could not reach the main office. Today they still serve a strong purpose, although the internet is running a few of them out of business.
Like any business, insurance companies only stay in business by making a profit. They are not overjoyed to discover their clients have either missed a payment or two, or are constantly late. So consequentially, they must demand full payment by the due date or an inactive insurance policy will result.
Outstanding brokers not only serve the consumer when signing up for the policy, but also in a time of need. If the client is involved in an accident, the broker should step up to the challenge, handling the claim quickly and effectively.
Usually they do, and consequently the policy holder forms a close bond with the broker. They continue to do business for the rest of their lives. The policy holder usually passes down the broker to his children and recommends the broker to others.
Some people consider it tragic that this type of relationship is dying out. The main reason is the internet. Brokers are making the move to online insurance, where consumers can compare quotes with a click of a mouse. Switching to online insurance often saves consumers between ten and fifteen percent of their annual insurance premium, so the savings are much welcomed. - 21396
Anytime somebody drives your car without a valid license or insurance and they are involved in an accident, the insurance company is not liable to pay for the damages.
Finding the right car insurance company is a complicated manner. It involves several phone calls and/or visits to the main office. This was especially difficult for rural residents in the old days. It's obviously easier today, but many people still view the process as a hassle.
Brokers have become an essential component in the insurance process. They were hired in the old days to reach customers who could not reach the main office. Today they still serve a strong purpose, although the internet is running a few of them out of business.
Like any business, insurance companies only stay in business by making a profit. They are not overjoyed to discover their clients have either missed a payment or two, or are constantly late. So consequentially, they must demand full payment by the due date or an inactive insurance policy will result.
Outstanding brokers not only serve the consumer when signing up for the policy, but also in a time of need. If the client is involved in an accident, the broker should step up to the challenge, handling the claim quickly and effectively.
Usually they do, and consequently the policy holder forms a close bond with the broker. They continue to do business for the rest of their lives. The policy holder usually passes down the broker to his children and recommends the broker to others.
Some people consider it tragic that this type of relationship is dying out. The main reason is the internet. Brokers are making the move to online insurance, where consumers can compare quotes with a click of a mouse. Switching to online insurance often saves consumers between ten and fifteen percent of their annual insurance premium, so the savings are much welcomed. - 21396
About the Author:
Graham McKenzie is the content Syndication Manager at Insurance123.co.za South Africans leading car insurance information portal
posted by X - Men @ 5:28 PM
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