If it’s a minimal infraction, impact should be low. Take a defensive driving course for a 10% savings. Other than that, hate to sound like a parent but drive safe and don’t…
Are Home and Auto insurance companies likely to lowball you with teaser rates the first year in order to get your business only to jack up rates the next few years hoping you won’t go through the trouble of switching companies again?
It depends, many times when a new insurance company enters the auto or home insurance market yes they tend to offer a lower rate to build marketshare and presence. Or an existing…
GEICO Review
Private passenger auto insurance is GEICO’s most popular offering. Beyond private passenger auto insurance, GEICO also provides: motorcycle, ATV, RV, and boat insurance; homeowners’, renters’, condo, co-op, and mobile home insurance; personal…
Why do auto insurance companies typically cancel coverage after too many accidents, when those drivers are the ones who need insurance the most?
They typically have tiers for rates that fit a criteria of their customers. Once you exceed that criteria they will non-renew your policy. This is because they consider you a higher risk…
Is an insurance broker better to go to?
Yes, Insurance is very intricate and there are many policy exclusions which the ordinary buyer may not be aware of. With that being said brokers have access to many different insurance companies…
Will my claim be retroactively denied? Insurance paid a claim billed during the grace period after my COBRA (I had to stop paying premiums). The claim was preapproved before COBRA expired. Which date counts for eligibility: preapproval, or billing?
I believe all claims paid are deducted by what is owed during the Grace period. Once you catch up paying the premiums, they will pay the claim in full. Essentially once you…
Are any insurance companies at risk of going bankrupt because of COVID-19?
Possibly Health insurance companies.. But overall they should be able to manage the Crisis.
How much is the fine for not having insurance?
You can only get penalized not having the following types of insurance: Automobile – Each state has it’s own penalties Workers Comp and statutory disability: Only if you have payroll or have…