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 Posted: Sat Oct 25, 2008 1:31 am Post subject: I need to learn as much as possible about Motor Insurance |
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| Hello, I am trying to learn as much as possible about motor insurance, latest trends, new products , Underwriting , Globally not just in any one Country. Can someone link me to articles or books on motor insurance or related subject that I can download on-line i.e. digital. Many thanks to all who respond. |
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facultative
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Joined: 25 Oct 2008
Posts: 1
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| Posted: Sat Oct 25, 2008 8:42 am Post subject: |
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Auto or motor insurance covers the damages to the car and also covers the liability issue of the driver. The rate of auto insurance premium depends on many factors, such as the driving record, mileage driven, type make and model of the car and so forth.
You can further read about auto insurance from the auto insurance article. |
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jeorge
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Joined: 07 Oct 2005
Posts: 808
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| Posted: Sat Oct 25, 2008 8:58 am Post subject: |
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Since the auto insurance market is very competitive the insurance companies always try to offer competitive rates and better packages to their customers. You can find their product details from their sites.
Insurers also offer incentives in terms of premium rate discounts to encourage the drivers for responsible driving, i.e. the driver with a clean driving record without any traffic violation points and claims in his history may expect to get a better deal from the insurance companies.
Motorists with poor and improper driving history are required to pay more in terms of premium even for the same level of coverage. Similarly, the young drivers are also required to pay more since the rate of road wrecks involving teen driver is very high.
The underwriting process of the policy may vary between the companies, but almost all of them put the utmost priority to the ability of the driver to maintain a decent driving record.
~Jeremy |
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JeremyHolter
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Joined: 06 Jun 2007
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| Posted: Sat Oct 25, 2008 10:57 am Post subject: |
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| I personally like companies who reward good drivers. My sister is through a company that actually sends her a check if she goes with out any accidents. |
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fireyone
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Joined: 07 Jan 2008
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| Posted: Sat Oct 25, 2008 3:34 pm Post subject: |
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firey...is she in good hands?
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Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller |
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LifeIsGood
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Joined: 22 Sep 2008
Posts: 580
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| Posted: Mon Oct 27, 2008 2:17 am Post subject: |
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I for one, would like to see legislation introduced in every state that would require insurers to inform policy holders conclusively whether rates would increase when inquiring or filing a claim instead of insurers using intimidation of the probability of rate increases when you file a claim. Furthermore, policy holders should be told before filing claims precisely how much their policies would increase if at all. Insurers are, after all, experts at number crunching and risk management and they benefit from the policy holders being afraid of filing claims for fear of monumental rate increases. They keep money owed rightfully owed to policy holders who are afraid of using a policy with contractual guarantees.
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