07 Jun
Posted by Brandon Nguyen as Insurance Auto Articles
Keith Baxter : Can auto insurance companies demand information about people who live with you? When I compare auto insurance quotes do I need to declare all the members of my household? Should I review car insurance application for this?
Review car insurance application when you compare auto insurance quotes.
Response : For an insurance companies the members of your household or people who live with you are relevant and important. The reason for directing these questions is because this is one way the insurance company would know who is likely to drive your vehicle or use your vehicle. This is so because if you are living in the same household the chances are more likely that you would be using one another vehicle either on a regular basis or randomly when needed. This is also another way for the insurance company to know the possible risk factors that must be considered when rating or underwriting your application or accepting your risk.
The general question on the application is who the licensed drivers are living in your household. The reason for this question is that many people do not declare all drivers living in the household, especially when one of them has an adverse driving history or a bad claims record, to avoid loading.
Remember that if you have a child who is below six than you might earn a discount for this, since the parents of very young children would be more careful drivers especially when they have their child with them.
Failure to disclose correctly when you compare car insurance quotes
If you do not declare this correctly than in case of an accident when the insurance companies conducts an investigation and finds out that whatever has been declared on the application when you compared auto insurance quotes was not correct, they can deny the claim and void the policy.
It has been suggested that millions of parents are breaking the law in a bid to save money on car insurance for their children.
According to research conducted by Co-operative Insurance, 41 per cent of parents deliberately lie when they fill out policy applications. Parents are claiming to be the main drivers on the policy, when in fact it is one of their children who is the main driver, or owner of the car . The practice is known as fronting and while there is the potential for large savings, it could lead to prosecution.
The industry warns that it is an extremely risky practice. Tim Franklin, of Co-operative Financial Services, said: “The view that motor insurance fronting is harmless and does not hurt anyone could not be further from the truth. Parents who believe they are helping their children to save money by fronting are not only risking prosecution, but harming their chances of obtaining insurance in the future.”
06 Jun
Posted by Danielle Bailey as Insurance News
We’re pleased to see that in addition to our Renaissance Alliance group blog, several of our member independent insurance agents are maintaining their own blogs. Here’s a roundup of some recent posts we’ve found helpful:
Geoff Gordon’s Blog from Gordon Insurance features recent posts on huge security threat that digital copiers pose, including a very scary video that business owners should see. Another recent post deals with Chinese drywall and the implications on your homeowner insurance.
The Wolpert Blog from Wolpert Insurance features a recent post on the Massachusetts Department of Transportation’s new safety program: Bikes and cars: same roads same rules. The blog also features a post with an amusing video about a dog eating a cop car – you have to see it to believe it. Car-eating dogs is not a common peril for car owners – but that’s the thing about insurance – it covers you for the unexpected.
Encharter’s MA Insurance Blog offers some very helpful tips about safety in two areas of your household: pool safety and dryer safety.
For more advice and help from a Renaissance Alliance insurance agency, check our member listing in the sidebar on the the left or find an insurance agent near you on our Google map.
05 Jun
Posted by Brandon Nguyen as Insurance Auto Articles
Rchard Griffin: How do I review car insurance for hybrid cars? Do you need to compare auto insurance quotes for hybrid cars for getting low car insurance?
Review car insurance, compare auto insurance for hybrid cars.
Response : Richard the good news for you is that when you review car insurance for hybrid cars, since these are green vehicles and slowly gaining popularity with the insurance companies.
There are numerous general auto insurance companies who are offering auto insurance discounts which is as high as 10%. The 10% discount on auto insurance would save a lot of car insurance premiums.
The auto insurance discount is offered since the hybrid cars are higher since the hybrid cars are energy savers and the hybrid vehicle uses a built-in rechargeable energy storage system (RESS) and a fueled propulsion power source. Most commonly, a hybrid car is a petroleum-electric hybrid vehicle, which uses gasoline or diesel to power internal-combustion engines, and electric batteries to power electric motors. Secondly these hybrid cars have a better braking system and hence are more safer. Auto makers like Ford, General Motors, Mazda, Lexus, Toyota, Honda and Renault entering the market for hybrid cars.
When you review car insurance for hybrid cars, ensure that you provide all the car details and also emphasis the good driving record you have since hybrid cars are mostly owned and driver by preferred drivers like you who are middle aged and have a good driving record.
Also review car insurance coverages
To begin with, they come within the “preferred insured category”, which includes responsible, mature drivers who are less likely to be in car accidents and therefore less likely to file auto accident insurance claims. Obv