After spending many years in the insurance industry we have come up with a top 10 list of most misunderstood things about car insurance. These car insurance myths are some of the most common questions that most people have about direct car insurance either buying or reviewing their auto insurance coverage. Its better to find out now before you have a claim and it's too late.
I just got my 1st speeding ticket my insurance rates are going to go way up.
Reality: If this is your first ticket your rates probably won't even change. Most direct car insurance providers will give you a pass if you don't have any other tickets or claims in the past 3 to 5 years depending on the company.
That new Plasma TV I bought last year won't affect
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If you like red buy a red car, if you like black buy a black car. Don't ever let this silly nonsense stop you from buying a car.
I didn't have a car for the last 2 years, this won't affect my rates.
Reality: Not having continuous car insurance is frowned upon by most direct car insurance companies now a day's. Some companies won't penalize you for not having prior insurance. If you don't have prior insurance make sure you have a good excuse like you took the bus, or you were in the military, or some other legitimate reason. Oh and by the way I couldn't afford my insurance is not on that list
Telling a little white lie on my insurance application won't affect my coverage if I ever have a claim
Reality: This is one of the worst things a person can do. If you lie on your insurance application there is a good chance you won't have any coverage when you need it the most. You think they won't find out? Remember these 2 things when insurance company is on the hook for a ton of money. #1 They are going to start asking questions and the first thing they look at is your application. Wouldn't you if you were them? And reason #2, the insurance companies have more money than god and they have people working full time to find this stuff
Have you ever went without health insurance between jobs, or while working part time or because you just couldn?t afford it? No having health insurance is a big risk in a time where medical costs are sky high, Prescription drug prices are outrageous and when your paying your family doctor $50 for a office visit. Fifty dollars represents a full 8 hours of work for many Americans.
Depending on the coverage you need, your insurance agency will have to submit specific documents. Since you will be traveling outside of NC, form BMC-91, BMC-32, and MCS-90 are needed. There may be additional forms for NC, although I didn't see any initially. The insurance agency should be able to better advise. I found more information regarding the commercial insurance on the Progressive website (https://www.progressivecommercial.com/commercial-auto-insurance/insurance-filings-types/); however, it doesn't look like they currently provide insurance for your type of vehicles. I'm not sure if you already have commercial insurance. We can work on that as well if
Most insurance companies feel that speeding tickets make someone a higher risk. The adage is not a risk. So, to offset the risk, they raise the premium. Which means it is more expensive to obtain insurance for. If the insurance company decides to raise your rates by only ten dollars, it can have a lasting effect.
One of the biggest contributors to health care costs that I have seen during my time in the healthcare industry is insurance fraud. One example of such fraud came about two months ago. I was taking a phone call from a provider that was upset that one of their claims had denied even though all of their previous claims had been paid. In researching with a partner plan it was determined that the claim denied because this medical provid...
The Lack of health insurance coverage is most often the result of a combination of things. These factors include employment status, financial conditions and even health problems.(Feldman 2012) These three things can been seen as reasons why coverage can be difficult to obtain. In most states, insurers may deny applicants for coverage completely. They often try to impose either a permanent or temporary existing condition that puts limitation on your coverage. some may even charge a higher premium based on your health status your occupation, and other personal characteristics . (Institute 2009) .For those people who consider themselves as self-employed who want to buy their own private health insurance, can be twice as expensive as that that is being offered through employers. (Feldman 2012)
Lying makes things complicated in ways that it can help or not in your situation. In the movie, “The Hunger Games,” Katniss and her teammate Peeta pretend that they’re in love with each other so they would get more sponsors and possibly be the two people to win. After they find out that there could only be one winner, Katniss pulled out poisonous berries so both Peeta and her could eat them to trick the capitol on letting them both win and go home. The lie worked, and they were both pronounced to be the victors. In the story Scarlet Letter, lying was also going on to fit into society. The character Hester was pregnant while she was single; so society judged her for it. While this was happening the text revealed that Dimmesdale, the pastor, was actually the father of the baby, but due to the fact he was the “holy man” he couldn’t say it. Hester, trying to protect Dimmesdale from the judgment of the crowd, wouldn’t say who was the dad, she kept lying to the society so it wouldn’t hurt more people. Society can make us lie to fit in or outsmart each other to get ahead of
Health insurance and health outcomes are closely associated. If the same uninsured individual instead has continuous health insurance, he or she will not be at risk for premature death and will have better health outcome (Marwick 2002). Uninsured people report that they are in poorer health than people with health insurance. Low levels of self-reported health status are a powerful predictor of future illness and premature death (Bailey 2009).
Claimant fraud is very serious, but has more than its share of attention in the media, completely blowing the problem out of proportion. The Press Democrat found that, "While some insurance companies claim one out of three workers lie about their injuries, or 33%, the actual number of fraud cases sent to prosecutors is less than one out of one hundred, or less than 1%." In New York, for example, over $6 million in insurance fraud was documented, less...
... Traffic Offender Program, pay a $45 reinstatement fee, and provide SR-22 proof of insurance for two years. The conviction will not be erased from your driving record” (DUI & DWI in Missouri)
...hat no one wants to do this. Driving at fast speeds also increases the risks of accidents and traffic tickets, which in turn increases the cost of insurance. If you are successful with defensive driving, you will ultimately save money. In some instances you could even earn money! This is the case with the insurance company Allstate. They send their clients up to two safe driving bonus checks per year for driving safely! Defensive driving saves, and pays!
Ever told a lie that protected yourself but maybe hurt others? You probably told a selfish deception lie. An example of this could be when you call in sick to work when you actually just are too tired, lazy or have other plans. This forces all of your co workers to work extra hard to make up for you not being present.
For some consumers, buying health insurance is the only health coverage option. However, some of them may still be an option to save money.
We all dream in the day we get to purchase our first vehicle. The day we stop asking our parents to take us here and there. Some may say buying a vehicle is a pain in the you know what. It can seem like a stressful situation if you're not familiar with the process. However, working in the car industry has taught me valuable tips and tricks that will help me teach you to save money when car buying.
You may think that a short lapse in car insurance won’t matter because you’re a safe driver. However, your insurance company could notify the Pennsylvania Department of Motor Vehicles (PennDOT) when your insurance coverage lapses. You may
...narios, and can give the wrong impression. Nevertheless “little white lies” that help you or others feel better do not cause any harm. When you amplify stories, what is the harm and making yourself more exemplary? Embellishing tales only raise your self-esteem up, and does not harm anyone.