What Car Insurance Companies Won’t Tell You

From the moment you begin shopping around for automobile insurance, and the to point where you need to file a claim, there are a few things that car insurance companies will not tell you, or even admit to. Car insurance companies are in the business of making money, and unfortunately this means that crucial information that you should be privy too is withheld.

Your Residence and Prices
There will be instances where two people, living within a few miles of each other have extremely different policy rates. Even though these two people are the same age and sex, have no previous history of any accidents or tickets, and drive the same exact vehicle, one individual’s premium is much higher than the others. Insurance companies base your policy price in part on where you live. If you neighborhood is considered “high crime” or close to heavy traffic, your premium will increase.

Value of Replacement Cars
If you’ve been in an accident and your car is totaled, it’s your insurance company’s responsibility (depending upon your coverage) to compensate you in order to replace your totaled vehicle with an equivalent. In many instances, insurance companies will underpay you, go by their own sources even if it’s not the correct value of your totalled car, and claim that basis is upon the mileage and condition of your previous vehicle.

No Need for a Car Accident Lawyer
As stated before, insurance companies stay in business by making money and saving as much money as possible. Even when you have been involved in a major collision, many insurance companies will tell you that there is no need for you to retain legal help. This almost always happens because insurance companies are aware that a competent car accident lawyer will get you a significantly higher financial settlement than you would if you went solo through the process. This in turn saves the insurance company money.

CarAccidentLawyer.org suggests that you retain a car accident lawyer that help you get the financial compensation that you are entitled to.

Source: http://www.nationaltrafficsafetyacademy.com/component/content/article/85.html



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