Everyone is familiar with one fact about car insurance. It is how important it is, especially in light of the increase in motor vehicle accidents. You have probably shopped around for the best vehicle insurance deal if you have one. No matter how thorough you think you’ve read your auto insurance policy, there are hidden clauses that could end up costing you dearly.
One thing is certain: Sometimes they don’t pay. It does happen! Ombudsmen make a living from panicking customers who worry about their car insurance not paying when they need it. Ombudsmen can be lifesavers. They will contact the insurance company to explain why the claim was rejected. There are many reasons why a claim might be rejected. The Ombudsman acts as a middleman between you and your insurance company and can offer advice that is not available to you.
Next, read through the fine print. There may be clauses and conditions in your car insurance policy that you don’t know about or have missed. While most people are concerned about the consequences of hitting another vehicle, there are also consequences for hitting pavements or traffic calming measures. One of these simple accidents can cause serious damage to your car. Unfortunately, not all insurance companies offer coverage for such incidents. It is important to carefully read your car insurance policy before you sign up. Ask as many questions and make sure you cover all bases. These small details are important. You should also cover hail damage and forces of nature. What if your vehicle is damaged by a large animal? What happens if you hit a large animal that damages your vehicle?
You don’t need to worry about how much you are spending. You are probably lucky enough to not be a bad driver. There are many other drivers who could cause an accident. In a matter of months, you could be involved in three or more accidents. Your insurance company will pay you for the first accident, as well as the second. Your premiums may have increased significantly, but you will still be paid for each accident. Problem comes when you need to file your next claim. It is possible that you will be surprised when your insurance company denies your claim. Car insurance companies don’t like to give their money to one customer too often. They will view you as a liability and someone who is likely to have to make claims in the future. Some auto insurance companies will refuse to accept you as a client in some cases. They see you as too risky to insure. Worse, other insurance companies might not want you to be insured.
All of this can sound quite scary and leave you wondering why insurance is necessary. But, there’s hope! A good, reliable insurance company will take care of your needs and provide financial stability in the event of an unfortunate event.
