Insurance Claim Myths
Posted on September 1st, 2010
British motorists compare car insurance quotes to find a best deal for themselves on various websites. They research properly for many statements and underwritten points. Yet there are a few myths about making claims that always surround them. Busting these myths is important so that they are able to receive fair amounts.
Many UK motorists assume it that by insuring their vehicles, they will get all amount they had spent in the event of an accident or theft. In actual, the car being is insured is worth the amount the driver has paid for it.
Auto Insurance Cancellation
Posted on September 1st, 2010
According to the UK Car Insurance law, the insured has the unique opportunity to cancel his or her auto insurance 12 months after the car insurance was purchased. In this case, the insurance company is obligated to send a maturity notice stating the outstanding annual premium, at least 15 days before the year’s end. It follows a notice of expiry after which the policyholder has a period of 20 days to termination. If the maturity notice was not provided, policyholder is entitled to terminate the contract whenever he/ she want.
The contract will expire on the day after you mail the letter. T
Cheap Car Insurance +£50
Posted on August 31st, 2010
Does the title of this blog post sound appealing to you? It would do if it meant that you were to get £50 from your cheap car insurance company but unfortunately that is not what it is referring to. Instead, that is exactly how much you are going to be expected to pay extra as a result of the dishonest drivers out there. We all knew that the increasing number of fraudulent claims would eventually put premiums up but when you realise just how much the increase will be it suddenly makes it real.
As an honest driver there is very little you can actually do to prevent the extra £50 being added to your premiums but you can make sure that you keep your own premiums down by being responsible on the road and building up a little no claims bonus. I
Making Car Insurance Claims
Posted on August 29th, 2010
Motorists compare car insurance quotes on various websites to find a best deal. When it is the time to make a claim, they may experience a payout that is significantly lesser than what was expected. This can be very frustrating for the motorists because the promises made by the insurance company may not be kept at all.
It is important for the insurance customers to know that the companies are for- profit organizations and will make payments based on various terms such as book value, depreciation or replacement schedules. These terms may not even correlate with the practical world, just the accounting standards.
Courtesy Vehicle Insurance Still Forms a Small Proportion in the Insurance Sector
Posted on August 27th, 2010
A study conducted by a leading insurance company in the UK offering free car insurance quotes claimed that most of the insurance providers do not offer a courtesy insurance policy for cars. The study, brought into effect by the company to understand financial research, showed the ultimate differences that exist between the insurance policies offering courtesy insurance. It was noted that most of the insurance companies offered the courtesy insurance while clubbing it along the comprehensive insurance policy.
The results of the research revealed that about 49% of the insurance policies in the UK did not include courtesy car policy while the others including 28% of the insurance providers offered the policy scheme but charged extra costs for the same.