Recently i helped a buddy of mine to purchase a new vehicle. No, I did not pay for the car, I just helped with acquiring a better package, gave some alternatives on insurance companies etc. Only once she asked me what sort of insurance car quotes she should be getting, I remarked that I did not really have a clue about motor insurance! I know the essential difference between 3rd party insurance and comprehensive insurance as an example, however when market value, retail value, waivers and other terms we mentioned, I realized that I am an insurance rookie.
Let's take a glance at some of the common terms that you need to understand before trying to obtain insurance car quotes: (we'll begin with terms beginning with the letter "A" and work our way through the list)
Acceptance: This sounds fairly uncomplicated, but it is not quite! If you take out insurance cover on your car, you are in actual fact confessing that you aren't in a position to repair or replace your vehicle in the event of theft or a major accident. You're then basically shifting the duty from yourself to the insurance company and for that reason the insurance business will in most cases have a list of terms and conditions linked to the policy or insurance plan. Only once you are 100% pleased with the conditions and terms, should you say yes to the contract. Your acceptance of the insurance policy forms a legal and holding agreement.
Accident: An accident is never planned! A car accident can therefore further be referred to as unplanned, unpredicted and sudden. Auto accidents can be between two cars, between a car and an object such as a tree or pole or even between a vehicle and a human being. One of the reasons that car insurance monthly premiums are so high is due to the fact that most insurance claims are put in due to motor vehicle collisions. Therefore if we can try and be safer drivers, and if the condition of our roads can be increased, we might all be rewarded with less expensive premiums (easier in theory I know!)
Assessor: An assessor is also called an adjuster. He / she is nominated by an insurance company to examine the actual damage incurred after a car accident. This is of course essential so that the insurance carrier can pay out the appropriate amount to have the vehicle fixed, or in worse cases, replaced. An assessor will also have a thorough look at the conditions and terms associated with a specific policy, to make sure that the insured is in fact insured for that he/she is claiming for. Unfortunately there are a lot of chance takers and people will not hesitate to over-claim from their insurance companies and some insurance companies can also be quite difficult when it comes to paying a claim - an assessor is therefore there to protect both the insured and the insurer.
I am hoping the first 3 A's of insurance were able to clear things up for you slightly. This should make getting that insurance car quotes less complicated!
Let's take a glance at some of the common terms that you need to understand before trying to obtain insurance car quotes: (we'll begin with terms beginning with the letter "A" and work our way through the list)
Acceptance: This sounds fairly uncomplicated, but it is not quite! If you take out insurance cover on your car, you are in actual fact confessing that you aren't in a position to repair or replace your vehicle in the event of theft or a major accident. You're then basically shifting the duty from yourself to the insurance company and for that reason the insurance business will in most cases have a list of terms and conditions linked to the policy or insurance plan. Only once you are 100% pleased with the conditions and terms, should you say yes to the contract. Your acceptance of the insurance policy forms a legal and holding agreement.
Accident: An accident is never planned! A car accident can therefore further be referred to as unplanned, unpredicted and sudden. Auto accidents can be between two cars, between a car and an object such as a tree or pole or even between a vehicle and a human being. One of the reasons that car insurance monthly premiums are so high is due to the fact that most insurance claims are put in due to motor vehicle collisions. Therefore if we can try and be safer drivers, and if the condition of our roads can be increased, we might all be rewarded with less expensive premiums (easier in theory I know!)
Assessor: An assessor is also called an adjuster. He / she is nominated by an insurance company to examine the actual damage incurred after a car accident. This is of course essential so that the insurance carrier can pay out the appropriate amount to have the vehicle fixed, or in worse cases, replaced. An assessor will also have a thorough look at the conditions and terms associated with a specific policy, to make sure that the insured is in fact insured for that he/she is claiming for. Unfortunately there are a lot of chance takers and people will not hesitate to over-claim from their insurance companies and some insurance companies can also be quite difficult when it comes to paying a claim - an assessor is therefore there to protect both the insured and the insurer.
I am hoping the first 3 A's of insurance were able to clear things up for you slightly. This should make getting that insurance car quotes less complicated!
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