(PRWEB) October 31, 2012
To make sure the auto insurance policy that protects home, property, and financial security is always in place and ready when needed, make sure to always follow these basic tips. They’ll ensure that policies don’t go out of force unexpectedly and that coverage won’t be denied in a time of need. “In order for insurance policies to protect you properly, you have to make sure you keep your end of the contract,” reminds Tammy Ezer of InsuranceHotline.com, “That way, your policy will be there when you need it.”
Don’t Go Out Of Force
Out of force is the term insurance companies use for a policy that for whatever reason is not active. The usual reason for a policy to go out of force is non-payment of premiums. For most people, it’s a simple oversight that leads to a big problem if a claim occurs during that time.
If possible, set up automatic payments so that the premiums will be paid on time every time. If automatic payments aren’t available, be sure to pay the premium as soon as the bill arrives, and don’t risk cutting it too close. A late payment can lead to a lapse in coverage, which could be disastrous if something happens during that time period.
Always Be Truthful
The insurance company creates a policy based on the information provided by the customer. Insurance policies are a contract between two parties, and when one party isn’t truthful that contract can be voided. It’s important to provide honest information no matter what the type of policy.
Disclose tickets and accidents, and be honest about commute distances and any business use of a vehicle. When applying for life insurance, be honest about health conditions as well. And for a home policy, be sure to describe the property to the best of your ability.
A final word on truthfulness – be sure to provide accurate information when filing a claim. Even a simple exaggeration can wind up with an insurance fraud accusation. Insurance fraud is very serious and can lead to criminal charges. It’s also not a victimless crime – it results in higher insurance premiums for everyone.
Get Better Coverage
The more coverage available on a policy, the better protected the policy owner will be. The cost of an accident can mount incredibly quickly, so having extra coverage – especially liability coverage – is a really good idea. It can mean the difference between financial ruin and a claim that is completely covered.
There’s no reason most drivers can’t obtain more coverage without breaking the bank. That’s thanks to one more insurance tip – shop around for better rates. By taking the time to shop around and compare car insurance quotes, it’s possible to find a policy that actually offers more coverage for less money. The more coverage available on the policy, the lower the chance that any out-of-pocket expenses will result when a claim is filed.
About: InsuranceHotline.com is a free online insurance rate comparison service that directs consumers to its large network of more than 30 insurance companies and licensed insurance professionals and provides quotes based on the lowest rates available through its network. In business since 1994, InsuranceHotline.com does not sell insurance, is not a licensed broker, and is not owned in whole or in part by an insurance company, agent or brokerage; ensuring consumers get a truly unbiased quote.