A guilty pleasure is watching "Mad Men" about how Madison Avenue packages poop and makes it smell like rosebuds. If you are even considering changing insurance companies please try to get past the "Mad" spin about rates.
First of all, lowest premiums - often mean second or third rate coverage with many exclusions and high deductibles. AND you can wait for way too long to get a claim paid. You can also find that your own insurance company won't help you when another company tries to imply that you were at fault when you weren't. We actually had an employee whose PARKED car was hit by an elderly woman who hit the gas instead of the brake. The employee was not in the car or even within a mile of his car. Yet on three separate occasions the other company tried to shift responsibility to him, and we actually had to call and confirm that he was driving a company vehicle making deliveries while HI truck was legally parked in it's normally designated space. Sheesh!
Deductible - DO NOT concentrate too much on how high your deductible is. Instead look at the upper limit your insurance will pay. If the most your insurance will pay out on a single accident is $100,000... what happens to you financially when you (heaven forbid) paralyze or kill someone else? First you get sued for millions and in truth, that is what it might take to care for someone who will live for 30 years with a serious disability. You might lose your home, your retirement savings, your child's college fund... and still have a lien against future earnings for the rest of your life. Most people couldn't EASILY afford a $3000-$5000 deductible, but wow, risking THAT and having a $25 million umbrella policy might be a far more cost effective investment in insurance.
And last but not least "Accident Forgiveness" Due to personal experience I'm now paying $50 more every six months for the accident I had last year... No one else involved. No Proven road hazard or equipment failure. Mea culpa, by all reasonable insurance and personal standards. Here's the funny part - funny peculiar more than funny haha - but my agent tried to sell me on adding "accident forgiveness" to my policy about 2 months before I had my first EVER accident that went to an insurance claim. OH, adding accident forgiveness would have cost me $50 more every six months.
Most people who pay for accident forgiveness will be paying for YEARS for an accident that could well be someone else's fault when it happens.
I rolled the dice and DID have an accident. But I might have gone another 10 years without having one. And now of course I'm super paranoid about alertness, never driving even an extra ten miles if I'm the least bit tired, always ignoring my cell phone, taking a driver improvement course, and on and on.
First of all, lowest premiums - often mean second or third rate coverage with many exclusions and high deductibles. AND you can wait for way too long to get a claim paid. You can also find that your own insurance company won't help you when another company tries to imply that you were at fault when you weren't. We actually had an employee whose PARKED car was hit by an elderly woman who hit the gas instead of the brake. The employee was not in the car or even within a mile of his car. Yet on three separate occasions the other company tried to shift responsibility to him, and we actually had to call and confirm that he was driving a company vehicle making deliveries while HI truck was legally parked in it's normally designated space. Sheesh!
Deductible - DO NOT concentrate too much on how high your deductible is. Instead look at the upper limit your insurance will pay. If the most your insurance will pay out on a single accident is $100,000... what happens to you financially when you (heaven forbid) paralyze or kill someone else? First you get sued for millions and in truth, that is what it might take to care for someone who will live for 30 years with a serious disability. You might lose your home, your retirement savings, your child's college fund... and still have a lien against future earnings for the rest of your life. Most people couldn't EASILY afford a $3000-$5000 deductible, but wow, risking THAT and having a $25 million umbrella policy might be a far more cost effective investment in insurance.
And last but not least "Accident Forgiveness" Due to personal experience I'm now paying $50 more every six months for the accident I had last year... No one else involved. No Proven road hazard or equipment failure. Mea culpa, by all reasonable insurance and personal standards. Here's the funny part - funny peculiar more than funny haha - but my agent tried to sell me on adding "accident forgiveness" to my policy about 2 months before I had my first EVER accident that went to an insurance claim. OH, adding accident forgiveness would have cost me $50 more every six months.
Well D'oh!
How about that sports fans? Pay for an accident you haven't yet had, and get forgiven when or IF it happens.
Most people who pay for accident forgiveness will be paying for YEARS for an accident that could well be someone else's fault when it happens.
I rolled the dice and DID have an accident. But I might have gone another 10 years without having one. And now of course I'm super paranoid about alertness, never driving even an extra ten miles if I'm the least bit tired, always ignoring my cell phone, taking a driver improvement course, and on and on.
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