The insurance culture is not exactly one of the strengths of citizens. According to a study, 15% of drivers are unfamiliar with the coverages included in your car insurance and 24% do not know what you pay premium annually, mostly young people and women.
Although companies try to improve the transparency of their services and users increasingly they show interest, there is still a long road ahead. But the important thing when an insurance is to be clear that “he who has the information has the power.”
And, frankly, who stopped to peruse the rigmarole involved in the insurance contract car? It is a very small text excessively long, with fine print sometimes and loaded “of outside the vast majority of citizens legal concepts”.
And misinformation is precisely the foundation that companies use to sweep to his house trying to limit the service and compensation. Did you know that when they try to steal the car, many companies are made only by the damage of the lock, bridge dashboard, etc., but no other damage has contracted although theft coverage?
That’s the difference between vandalism damage, many insurers are welcomed, and theft coverage, which is outlined in the conditions of the policy, but insufficiently remarked. That is, if you crack the wheels of his car trying to steal, but fail to take them because they incorporate a safety device, the company is not responsible. Like this, there are many interpretable points, experts say.
A similar situation occurs with the rule of fairness. Although there are almost everything, it is common that many companies apply this standard, which allows the reduction of the benefit or compensation for loss when there has been an increase in the risk not declared in the policy, such as that of driving vehicle has been in the hands of someone other than the usual driver. The insurer then applies a percentage reduction in compensation and not pick any table or charging impossible to contrast, based on the difference between the premium paid by the insured and which must pay for the increased risk.
Experts insist that this is a clause which is highlighted in the contract, as required by law, and it takes many claims to the courts, especially when it comes to big money losses. For this reason, it is common that customers impose on insurers.
Indeed, the clauses that restrict the risk involved in accidents where children under 25 or 26 years are (as the insurer) and driving under the influence of alcohol are some of the points that until recently no companies highlighted on the conditions of the contract. In fact, they are issues that generate more claims.
Nor is it known by most companies can terminate the high accident insurance customers, but first they have to communicate; the driver may not terminate a policy within two months prior to the termination of the contract, or that the customer is always right to cancel if changes in the conditions of the contract, premium are produced, etc.
Limiting risk is the section of the general contract conditions where more attention should be paid the client and the least is repaired, among other things, because it is very long.
The general conditions securing the territorial scope of coverage, the same coverage, type of contract, the obligations of the parties, payment of the premium and claims handling, but also the risks excluded are those who can bring surprises unexpected.
Although companies try to improve the transparency of their services and users increasingly they show interest, there is still a long road ahead. But the important thing when an insurance is to be clear that “he who has the information has the power.”
And, frankly, who stopped to peruse the rigmarole involved in the insurance contract car? It is a very small text excessively long, with fine print sometimes and loaded “of outside the vast majority of citizens legal concepts”.
And misinformation is precisely the foundation that companies use to sweep to his house trying to limit the service and compensation. Did you know that when they try to steal the car, many companies are made only by the damage of the lock, bridge dashboard, etc., but no other damage has contracted although theft coverage?
That’s the difference between vandalism damage, many insurers are welcomed, and theft coverage, which is outlined in the conditions of the policy, but insufficiently remarked. That is, if you crack the wheels of his car trying to steal, but fail to take them because they incorporate a safety device, the company is not responsible. Like this, there are many interpretable points, experts say.
A similar situation occurs with the rule of fairness. Although there are almost everything, it is common that many companies apply this standard, which allows the reduction of the benefit or compensation for loss when there has been an increase in the risk not declared in the policy, such as that of driving vehicle has been in the hands of someone other than the usual driver. The insurer then applies a percentage reduction in compensation and not pick any table or charging impossible to contrast, based on the difference between the premium paid by the insured and which must pay for the increased risk.
Experts insist that this is a clause which is highlighted in the contract, as required by law, and it takes many claims to the courts, especially when it comes to big money losses. For this reason, it is common that customers impose on insurers.
Indeed, the clauses that restrict the risk involved in accidents where children under 25 or 26 years are (as the insurer) and driving under the influence of alcohol are some of the points that until recently no companies highlighted on the conditions of the contract. In fact, they are issues that generate more claims.
Nor is it known by most companies can terminate the high accident insurance customers, but first they have to communicate; the driver may not terminate a policy within two months prior to the termination of the contract, or that the customer is always right to cancel if changes in the conditions of the contract, premium are produced, etc.
Limiting risk is the section of the general contract conditions where more attention should be paid the client and the least is repaired, among other things, because it is very long.
The general conditions securing the territorial scope of coverage, the same coverage, type of contract, the obligations of the parties, payment of the premium and claims handling, but also the risks excluded are those who can bring surprises unexpected.
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