Car Insurance Basics - What Is Guaranteed Protection Plan
LOS ANGELES, Dec. 16, 2018 /PRNewswire-iReach/ -- Lowcostcarinsuranceprice.com has released a new blog post that explains what Guaranteed Protection Plan is and why it is useful for drivers.
Unlike most of the coverage options, Guaranteed Protection Plan is not issued by an insurance company. Also, it does not cover accidents. Find out more about this type of insurance and get free quotes from http://lowcostcarinsuranceprice.com.
GPP is used to cover car theft. More exactly, GPP will cover the event if the car is stolen while an alarm was active. This acts like a guarantee that the alarm should work, If it fails, the car owner will be reimbursed.
GPP coverage is issued by a third party company. In this case, the auto alarm companies will issue the policy. GPP will refund the comprehensive deductible up to named limit (usually $2,500) if the car is stolen with while the alarm is installed and armed in the vehicle.
GPP will pay only the deductible. Most of the auto alarm companies advertise that they will pay up to $2500. In reality, the company will only pay $2,500 if the owner's deductible is $2,500. Otherwise, they'll pay whatever the deductible is – whether it's $500, $1,500, or $2,500. In other words, it is unlikely to receive $2,500 in compensation if car owner's deductible is $500.
There are certain requirements in order to be compensated:
The car alarm system was sold, installed, and serviced by an authorized dealer
The car alarm system remains in the car in which it was originally installed
The car alarm window decal must be installed at the time of installation
The vehicle was stolen due to the failure of the alarm system
The car alarm was not deactivated or disarmed for any reason prior to the theft
Car owner must attach a police report to your GPP claim
The vehicle must be insured against theft at the time the vehicle was stolen, and the insurance company must accept and pay the claim.
"GPP insurance is sold by companies that are proud of their alarm systems and guarantee that they will deter robbers", said Russell Rabichev, Marketing Director of Internet Marketing Company.
Lowcostcarinsuranceprice.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lowcostcarinsuranceprice.com/
Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898, [email protected]
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SOURCE Lowcostcarinsuranceprice.com
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