Many of us know we have to have car insurance(or car insurance northern ireland) in order to get our license and tags. However there are some that don't really understand the actual policy or how it works to protect us. There are also different requirements for having a loan or lease on a vehicle rather than just owning it out right. Insurance companies ask a lot about our daily lives such as how we use the car, where we park it, and other aspects of driving to ascertain the risk we might pose to the vehicle they are covering.
Car insurance works in that we choose a level of coverage whether it is just liability or includes comprehensive and collision. There is also a choice in the amount of actual coverage regarding motorist, uninsured motorist, and medical. The amounts and type of coverage you choose is what will determine the premium you will pay on a month to month, six month, or yearly basis depending on the terms of your policy.
The amounts you have chosen and the type of coverage will tell the car insurance company how much they will have to pay out in the event of an accident caused by you or another driver. In other words they cover the damage that affects the car. For certain damage like windshields you will have a deductible that you have to meet in order to process a claim. If you have damage to your car from a break in, a rock thrown at the windshield, or an accident that you have been in you have to report the issue to the company in order to get a payout. The car company is going to ask for full details regarding the claim, the information from the accident claim, such as any ticket given to you and of course any damage to the other car if you caused the accident. They will ask that the car be taken to one of their mechanics that they have in their company logs. The mechanic is then going to report the amount of damage and how much it will cost to fix it. The car insurance will then take the quote and all information. In some cases they may consider the car totaled and will not offer any settlement towards fixing the car.
Article Source: http://www.articlesbase.com/finance-articles/how-does-car-insurance-work-315908.html
6 comments:
Great post,
There are few people who enjoy shopping, especially when it is for car insurance. But if you want to get inexpensive car insurance, it is vital you take the time to shop around for the best deal.
By far the best place to start when looking for inexpensive car insurance is on the internet. There are a plethora of web sites to look at to receive quotes. The internet will save you the time of having to go from company to company to receive several quotes. Many times you can get quotes from a number of different companies in a matter of minutes. And as soon as you find the best quote, you can quickly set up your car insurance right online.
Many times you will see car insurance companies posting ads in various car magazines. It is great exposure for these companies because they are getting their ads in front of people who are looking for cars. After seeing insurance companies in the magazine, don’t be afraid to look them up online or give them a call.
There are a number of different insurance companies and policies to look at. While it can be difficult to decipher the best from the worst, in-depth research can help you find inexpensive car insurance. By taking the time to look at these steps, you will be able to find the cheapest and most reliable car insurance for you.
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You can buy from a captive agent/company or from an independent. I like the independent side because the always have multiple companies to shop insurance with.
good information thanks.
I find your blog interesting enough. At some point of time most of us have compensation claims for injuries that we've suffered in car accidents but don’t have any clear cut idea about the role of compensation provider or to be specific, the insurance company's role in it. When faced with a compensation claim, the very the first things the company does is to assign a representative to this case, who will be a personal injury lawyer. This lawyer will first determine the validity of the case and read the fine print to ascertain if the claim holds good and to what extent. If it does, then he also briefs himself to any special exceptions or considerations. For more information visit compensation claim .
Most of us do have bought a car insurance plan to have protection for our cars but a very few of us do know about how actually it works. I am too also planning to buy a car soon and after that will surely buy an insurance policy. So before doing so I wanted to learn and understand everything about car insurance. Thanks for sharing all about the working of this policy.
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