This is default featured slide 1 title
This is default featured slide 3 title
This is default featured slide 4 title
 

Monthly Archives: May 2018

Injury Insurance Claim After a Minor Auto Accident? Really?!

Filing an injury claim following a minor auto accident sounds off whistles and bells within the insurance community. After all, the in general, the collective facts just don’t add up: minimum damage to car, extensive injuries, requiring ongoing treatment and medical treatment, incurring thousands of dollars in medical payouts? Uh-uh!

With tens of billions of dollars in accumulative losses for the insurance companies as a result of fraud, the general public suffers as well, says one highly regarded insurance professional that deals with workers comp and auto coverage. In the final analysis, the resulting theft – and according to the industry, there’s nothing that comes closer to defining what shysters do in this regard – is the one underlying factor that contributes to a significant rise in policy premiums. To sum it up, when the insurance companies lose, we all do.

Well, if this is the case, is it any wonder then that special investigative teams conduct targeted investigations into insurance claims that seem suspicious? In regard to injuries claimed as a result of a car collision with minor damages, the following points are under extensive review.

Insurance companies place extraordinary focus on claimants that:

a) Are involved in an accident that results in little damage to the car, but extensive injuries
b) Need prolonged medical care before visiting a doctor trained as a specialist
c) Undergo ongoing treatment as per the advice of a general practitioner, but without a referral from a specializing physician
d) Are assessed via an MRI, Cat Scan or other form of diagnostics right after the accident without first being diagnosed by a doctor
e) Require hospital stays or are operated on immediately following the accident, raising suspicions about medical conditions that may actually predate the collision incident
f) ‘Suffer’ from injuries that are not typical in relation to any minor-impact crash that occurred
g) Are not given advanced treatment that include injections, discograms or any other advanced form of therapy usually given to patients suffering injuries of a serious nature
h) Experience degenerative problems, indicating the issues existed even before the accident and are a result of aging, and/or other physical influences

For the most part, insurance investigators do what they are trained to do: uncover the incongruities that will count out significant injuries that in fact are not that. In line what was already mentioned, the necessary process helps the companies eliminate payouts for fraudulent claims – saving all of us money… and a great deal of it.

Car Insurance Estimator – What You Need

Such calculator asks a number of questions; each answer will be used as variable to make quotes and determine the premium fee. The questions can be divided into two main categories including vehicle-related and personal information. Some of the most common questions you see in car insurance estimator are listed as follows:

1. What is your age or birth date?

Age plays a role in the overall estimation. The insurance company considers very young and senior citizens high-risk drivers. The former group probably lack of experience, and there is a high possibility that young drivers break some traffic laws, commit violations such as speeding, etc. The latter group probably has some limitations in terms of vision, hearing, and driving skills, meaning the chance of being involved in accident increases as well.

2. What is your profession?

Car insurance estimator uses drivers’ professions to calculate accident rates. There is a statistic suggesting that certain professions such as doctors, real estate brokers, lawyers, business owners, and salespeople are considered stressful jobs; insurers believe that stressful jobs affect concentrations on driving. Cal insurance calculator may determine higher insurance fee based on this factor.

3. What kind of car you drive?

Car model affects insurance rates as well. Car insurance estimator may treat luxury cars like the more expensive assets to insure. In case of accidents, vandalism, or theft, luxury car is more likely to cost more to repair compared to its cheaper counterparts. Sports car with high top speed and quick acceleration rate is quite risky to insure as well, so insurance companies tend to charge more for such vehicles.

4. How many cars to insure?

The good thing is that the more cars listed in the same insurance policy, the more discounts you probably get. The discount is based on bundling option, so you can be eligible for other discounts if you insure your house, health, and life with the same company as well.

5. What is your address?

Car insurance estimator uses your address to determine if you live in certain area where crime rate is considered high. You have to pay more to protect the car if you live in risky towns.

6. How many violations on your driving record?

Driving record is evidence where DMV lists all previous accidents in which you were involved, traffic violations, and every traffic ticket. The insurance companies uses the data to determine whether you are low-risk or high-risk driver.

Car Insurance for Low-Mileage Users

What you need to know about Car Insurance for Low Mileage

  • Insurance Companies may require your annual odometer reading verification
  • Insurance by the mile bills you monthly insurance payments based on your used mileage
  • It is possible also to receive car insurance discounts without asking from insurance companies that bundle up insurance policies with a specific insurer.
  • The discounts are awarded to loyal customers or accident-free and low mileage drivers over a period.
  • Drivers on an average 5,000 miles annual range may alert an insurance company so as to receive a low-mileage discount.

Do you own a car that barely leaves the garage on most days? Most insurance companies offer a conventional low-mileage discount to drivers who maintain annual mileage under a particular brink, such as 6,000 miles a year. In most states, the discount reduces the insurance rates on a full coverage policy by 2 percent. The premium savings are bigger in California.

Insurance Companies may require your annual odometer reading verification. Some may ask you fill a form to countercheck your estimate against readings taken from other sources. Others use agents to take a photo of the reading.

There are ways to get a low-mileage discount that will give you cheaper car insurance coverage.

1. Pay-as-you-Drive
Pay-as-you-drive vehicles such as In-Drive, install telematics gadgets to monitor your vehicle, offer larger discounts for less frequent drivers and careful drivers as well. Precautious drivers on low mileages can save up to 25 percent or more. Most of the pay-as-you-drive plans give a discount of 5-%10 upon enrolling, they later use gathered data to award a discount at your renewal period. Attach a telematics gadget into the car’s onboard port (OBDII) to get a discount. Nearly all cars from 1996 onwards have an inbuilt OBDII port.

2. Pay per Mile Car Insurance
Insurance by the mile bills you monthly insurance payments based on your used mileage. This mode of payments saves you an estimated 45% in savings for careful drivers doing less than 5,000 miles a year. The device tracks the distance traveled, which is used to set your mileage rates.

This way, you are guaranteed low mileage on types of car insurance under each plan; instead of cutting coverage to save money, it limits the risk faced by insurance companies when you hit the road.

Customers are charged a standard monthly rate based on individual rating factors: age, driving record, location, type of car, credit and insurance history in some states. Every month, the driver pays the flat rate plus a mile fee charged on the miles recorded through the mileage device.

How to Qualify for Low Mileage Car Insurance Discount
It is easy to be eligible for many auto insurance discounts, and many insurance companies offer these discounts, but you have to ask. A Princeton Survey study found that 16% of motorists have car insurance standard discounts.

It is possible also to receive automatic car insurance discounts from insurance companies that bundle up insurance coverage with a specific insurer. The discounts are awarded to loyal customers or accident-free and low mileage drivers over a given period.

However, you may request for discounts such as:

  • a short travel discount or no commute
  • Paying your coverage renewal check in advance
  • Having an academic degree/s
  • Police officers or teachers

Common Low Mileage Discounts
Many people are not aware of car insurance discounts such as Low-Mileage premium discount: This is for individuals who reduced their driving mileage by either working from home or park their vehicles because they no longer need to drive. A mileage research from Quadrant Services found that driving an average 6,000 miles annually, pays nearly of 7.5 % less than driving 16,000 miles annually. 16,000 miles is, in fact, more than regular Americans drive yearly, based on the U.S Department of Transportation.

Huge Mileage Savings in Selected States
The disparity on low mileage drivers is bigger in selected states, California tops the list.

The top five states where drivers save under 5,000 miles annually are:

  • California – 17 %
  • Washington D C – 11.1 %
  • Alaska 11%
  • Alabama- 10 %
  • Hawaii – 10 %

However, some states have little or no effect on insurance coverage rates on reduced mileage. The states where little driving distance hardly moves a dime include:

  • North Carolina -0
  • Utah -1 %
  • Texas -3 %
  • Connecticut – 3 %
  • Rhode Island-3%

Vice president of iii.org, Loretta Worters, says insurance companies hike premiums for high mileage drivers because they are a risk. High mileage drivers are more likely to cause accidents than the low mileage drivers. California, for example, has insurers charging higher premiums because the State has many drivers on the road.

The role of insurance state laws passed in 1988 limits the factors California motor insurers use when determining rates for the following:

  • Mileage driven
  • Safety driving record
  • Driving experience

Insurers can set minimum rates based on these three main factors. This law magnifies the impact of driving mileage.

Insurance expert/consultant – Douglas Heller says asking for higher premium rates from high mileage drivers is fair to charge insurance policy holders. He adds on that basing rates on mileage is far better than another criterion like an education level and income.

Does Ignoring Driving Mileage Pay?
At the extreme, experts do not understand precisely why North Carolina insurers and other selected states practically ignore miles when rating auto policies.

Minibus Insurance

If you go to the UK, you will see a lot of minibuses on the streets. While this is a small bus, it can carry up to 17 people. They are used for homes, resorts, schools, airports and different types of public places. As a matter of fact, in the UK, the minibus makes up half of the quality vehicles you can find. Read on to find out more information about mini-bus insurance policies.

Popularity

The popularity of the minibus is on the rise. One reason is that these vehicles are practical. They offer enough room to accommodate 17 people. They are also versatile as their seats are designed to be reclined or tipped up based on the requirements of the seating. Aside from this, the bus can be used for family, social or commercial purposes.

Minibus and insurance

You know that insurance is a requirement for the owners of the minibus. Since this type of vehicle is flexible, you may find it hard to choose the right type of insurance policy.

Should you get a regular insurance policy for your bus? No, you should not. The reason is that a car can’t carry as many passengers as a minibus. The standard insurance policy can provide coverage for just 9 people. So, a minibus can’t get enough coverage if you go for a standard insurance policy.

When choosing insurance for your minibus, you should take into account how you are going to use the bus. Given below is a description of the types of insurance policies available for minibuses.

Charity insurance

So, if you use the minibus for charity, we suggest that you go for this type of policy. In the same way, if you run a non-profit organization, this type of insurance will fit your needs.

Commercial insurance

This type of coverage should be an ideal choice for you if you use the bus for your staff or clients.

Private insurance

If you use your minibus for recreational purposes, we suggest that you get this policy. Moreover, families or individuals who make use of a minibus for their personal needs can benefit from private minibus insurance.

School insurance

This type of policy offers coverage for vehicles used by collages or schools.

Public Hire Mini-bus insurance

As the name suggests, this policy is suitable for the vehicles used just like airport taxis.

Minibus insurance offers some great features and some of the features are explained below:

1. Third party: it is the basic level of cover that protects you against the expenses related to the injury or damage caused by a third party.

2. Theft/Fire: it pays for claims in case of the theft of the vehicle or if the vehicle gets damaged due to fire.

Comprehensive: it offers complete protection against the damage due to fire, falling objects, natural disasters and so on.

So, if you own a minibus, we suggest that you apply for this type of insurance. Getting this insurance is easy because so many providers are available.

Vehicle Protected Declared Value

Commercial Vehicle Insurance:

A commercial vehicle is used for transporting products or travelers over the span of directing business. Obtaining business collision protection is a need in ensuring your property in case of a mischance. It will guarantee that your kin and items, and in addition the vehicle itself, are shielded from a significant number of the things that could transpire while out and about. Business accident protection will likewise give you true serenity that if something happens you can be repaid decently and have the capacity to settle or purchase another business vehicle with least cost to you. Having the correct vehicle protection could help in repairing the auto. It could likewise cover any wounds managed by the driver. Protection could likewise incorporate outsider harms that happen in a mischance.”

The sorts of vehicle insurance policy:
There are primarily two sorts of engine vehicle protection. One is obligation/act just arrangement; such kind of protection covers the danger of all outsiders who are harmed by the engine vehicle. This incorporates all outsider clients thumped around the vehicle furthermore inhabitants of business vehicles. Furthermore, the second sort of engine vehicle protection is exhaustive/bundle approach, which covers the above as well as tenants of private vehicles and the safeguarded vehicle itself.

How protection approaches help casualties?
The goal of such protection arrangements is to help the casualties and the lawful agents of the expired casualties to secure generous remuneration. The pay can be gotten just if the engine vehicle that was included in the mishap is guaranteed. On the off chance that the vehicles are not safeguarded, then recuperation of the pay is a particular probability. Hence, vehicle protection benefits both the mischance casualties and in addition the vehicle proprietors as they are spared of paying any remuneration out of their pocket.

It is essential for organizations to have business accident protection. This is particularly valid for those organizations that use trucks, vans and autos as the fundamental wellspring of pay for their business. With the vehicles dependably out and about, there might be occurrences where drivers can get into mishaps with different vehicles or in different events, the vehicle might be harmed because of outrageous climate conditions. With the correct business protection, you are certain to be shielded from these unexpected conditions.

Now and again, the harms done to a business vehicle is not the blame of the driver. This may happen when different drivers are not watchful or when a tree limb hits the vehicle. At the point when this happens, having business protection that covers the harms is extremely useful.

Business auto protection may cover auto obligation, scope for the representative that was driving the vehicle, doctor’s visit expenses in the event that somebody was harmed amid the mischance and different harms on the vehicle. You need to pick the correct kind of protection arrangement for the sort of business that you run. Getting auto protection is quite simple.

Reaching various operators could help you look at changed strategies offered by various organizations. You get distinctive rates relying upon the vehicle sort, the vehicle’s expected utilize etc. You can contract down which organizations and strategies you think may suit you best.

The most effective method to get the correct Premium:
Premium is a critical variable while selecting protection. Vicky elucidated, “It depends a great deal on the amount you can save all the time. The general thought however, is to get however much scope as could reasonably be expected from as meager premium paid as would be prudent.

Keep in mind to pick a business vehicle insurance agency that has a decent notoriety since you will work with them every now and then and not just when you have a claim. Check the rundown of different organizations that the organization gives protection to check whether they are sound.