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in Ideen & Vorschläge 07.12.2019 09:19von chunshu00 • Schrecken der Wildnis | 283 Beiträge | 1415 Punkte
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In regards to a few of the recent changes that have been made in the car insurance industry, we can discuss some of their implications. While looking at my most recent renewal letter, a lot of these changes were not mentioned and it wasn’t justified to me why my insurance cost is going up.
The author explains that the insurance company provides information about the cost of the changed coverage Dante Pettis Jersey , which turns out to be less than his former coverage, but does not explain why. He proceeds to call his broker for more information but after finding the conversation also uninformative, he agrees to continue his former coverage and pay the increased premium.
Although stating that he Mike McGlinchey Jersey , “took the easy way out” by just opting for his previous coverage, he instructs his audience to talk to their brokers to truly understand their policies in regards to the recent changes. He encourages readers to ask specific questions about each benefit and what the cost is for upgrading. He also suggests that when reviewing renewal options, that readers should take into account if the benefit they are paying for would really be sufficient in the event it is needed. He uses the no-fault income replacement benefit as an example and guides his audience to assess that benefit with the mindset that they would have to use it if they were out of work for an extended period of time and to determine if the benefit would be sufficient to meet their needs or determine if it is worth the money to upgrade. He continues to explain that people need to think about whether or not they are the sole earner in the family Richard Sherman Jersey , the availability of disability insurances, and whether or not they have a substantial emergency-fund or savings account in place.
The author explains that insurance agents have an obligation to provide each of their customers with a proper explanation about the coverage options that are available to the customer. They also have the duty to explain to each client what coverage is required. However, the author feels that most insurance agents do not satisfactorily meet these duties and asks his audience to consider whether or not their insurance agents have done so.
He poses a scenario about considering policy limits. He explains that although he has an one million dollar policy limit Jimmy Garoppolo Jersey , many lawsuits result in awards of over one million dollars. His assumption is that most insurance agents have not discussed this scenario with their clients and poses the question to his audience.
He closes his article by asking his readers to imagine worst case scenarios to determine if their policies are sufficient like whether or not they’d want to risk losing their homes or have their wages garnished due to an at-fault accident where the other driver or passengers have sustained serious injuries.
In conclusion, you should show some persistance when it comes to asking for justification on your insurance price and making the insurance brokers and agents work for your business.
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