In California many insurance companies will inquire about additional household residents that live in the home at the time that the insured purchases a policy. Often times, these companies will also mail the insured a written request upon renewal to check if there are additional household residents.The majority of auto insurance policies that are sold in California offer coverage that extends out to other operators that are not...more
Many insurance companies in California are now recognizing domestic partner relationships and are now offering couples that are in these relationships the benefits that married couples receive.Some of these benefits include a lower rate. Many insurance companies are offering the same rate to married driver that they offer to couples that are in a domestic partner relationship. Acceptability will vary from company to company. Some...more
With policy retention for auto insurance clients that have automatic payments deducted from their checking account significantly higher that other clients on direct bill, many insurance companies are offering more competitive payment plans, lower initial payments, and reduced billing fees to entice consumers to enroll in automatic payments.This has been a growing trend in the last couple of years. The percentage of clients that have automatic payments has been increasing significantly. Insurance companies are offering multiple ways for clients to enroll. Many insurance companies will let the insured have the payments taken directly out of their checking account or have them deducted from a credit card.Having the payments taken out of a credit card may not always be the best idea. Many times the insured will lose the card or it will expire and have a new card ordered. In this case the information that the insurance company has to withdraw the monthly installment will no longer be correct. Often the insured will not remember to notify the insurance company of the change of cards. When this happens the next installment will not be honored by the bank because the card is...more
Many insurance companies are changing their guidelines for policy reinstatements. When a policy is set up for monthly installments the insurance company will cancel the policy after the grace period due to non-payment of premium. Although the insured will not have coverage after the cancelation date many companies are offering to...more
There are many benefits of purchasing an auto insurance policy that covers the entire family as drivers and all of the vehicles in the household. There is generally a significant savings associated with having a family policy, all of the drivers can share vehicles and have coverage, and the billing of a single policy is much easier to...more
Consumers should be weary of the consequences associated with having payments that are not honored by their bank when their auto insurance policy is set up on automatic payments. Although there is significant savings in the billing fees, having multiple payments that are not honored could easily cost more that setting the auto insurance policy up for a direct bill installment.When the payments come back for insufficient funds, the insurance company will charge the insured a fee. These fees are generally between 20 and 25 dollars. The insured will also be charged from their own bank or financial institution a fee between 25 and 35 dollars. The total fees from a single payment that is returned can often be as high as 60 dollars. This more than offsets the savings on the policy of having the installments taken directly out of the account.Another issue that arises often is when a client has dishonored payments more than one time. For these clients insurance companies will often request that the client pay the remainder of the policy term off in full or change the billing cycle to a direct bill policy.Often times the insurance companies offer a lower down payment for...more
Many companies that offer commercial auto insurance will offer a variety of payment plans for the policy. Eligibility of these plans will vary from policy to policy and often depends on whether or not the policy has fillings that are...more
It is important for consumers to understand the differences between towing reimbursement and roadside assistance coverage on their auto insurance policy. Although many people believe that they are the same, in fact there are several...more
Many auto insurance policy holders are not aware of the limitations of glass coverage protection on their auto insurance policy. Many auto insurance companies offer protection to their policy holders that carry comprehensive and...more
We could sit here and rehash to you the requirements for operating an automobile on the streets of Dayton, Ohio but instead we decided to cut to the chase and get down to brass tacks. When you are buying auto insurance in Dayton it is much like...more
Many Americans have taken interest in restoring classic vehicles but when it comes to insuring them many of these classic car owners are unaware of the options for coverage. Many standard auto insurance policies are not designed to...more
As the interest in restoration of classic car restoration increase so does the amount of classic car owners that are in the midst of restoration of their vehicles. These classic car enthusiasts are learning quickly that it can be a...more