Tips for buying or renewing car insurance
(NC) With autumn family routines now in full swing and the holidays just around the corner, it seems like the to-do list just keeps getting longer. But as you rush to get things done, don't forget about some of those important annual items that require attention so you can avoid headaches down the road.
Reviewing insurance policies is one task, particularly your automobile coverage. Does yours still match your specific needs? As temperatures drop and the road conditions worsen, just the right car insurance could save you from unexpected costs in the unfortunate event that you need to make a claim.
“There is a perception that buying insurance can be stressful and overwhelming,” says Greg McGill, a regional vice president with Western Financial Group. “Working with an insurance broker can help to alleviate that stress, ensuring that you feel confident in the coverage you're getting.”
Here are McGill's top tips to ensure you have the right coverage at the right price:
Clarify as much as possible
The best way to understand what your car insurance covers is to ask questions. Don't be afraid to ask for clarification if something isn't clear. Understanding what your policy will or won't cover from the beginning will elevate misunderstandings, both financially and emotionally, should a loss occur.
Excluding important details can be more of a hindrance than a help. By not sharing pertinent information like principal operator, distance driven or using your vehicle for delivery can void your coverage should you have a claim. This could cause more grief and financial loss in the unfortunate event of an accident or need for a claim. Make sure you're being upfront with your coverage provider.
“There is a perception that hiding facts about your driving history could help you secure a better rate,” says McGill. “Honesty is always the best policy because it allows your broker to identify the coverage that best suits your needs. Failing to disclose vital information could also impact your coverage and claim.”
Ask about discounts
There are discount options. For example, if you have no one living in your home with less than 10 years driving experience, you qualify for a discount. Be proactive in your discussions.
Shop for the insurance with a broker
Working with an insurance broker can help cut down on leg work and this applies for all types of insurance, not just auto. Brokers sell a wide variety of different brands and can identify plans that best serve your needs and meet your budget. You'll be given more options than working directly with insurance providers, offering you the tailored coverage you're looking for.
Remember that finding the insurance that will provide you the best protection based on your needs is the top priority.
Word count: 479
Attention editors: These articles are for distribution in Western Canada only.
Articles are provided free of charge. Articles appearing on web sites, must credit www.newscanada.com. Articles appearing in Print, must credit News Canada with (NC) at beginning of an article or – News Canada at the end. Any source/sponsor of the information quoted in the text must also be identified as presented. Images are only to be used with corresponding editorial copy. Usage of News Canada articles constitutes your acceptance of these terms and an agreement between you and News Canada.
Image Instructions - Note: Illegal to use without News Canada editorial.
To open/download image(s) used in this article, please click the following links:Click here for image file: «78744H.jpg»