Aug 20
Scrutinize Your Automobile Insurance Policy
Those who have car insurance should spend time carefully looking over their policy to be sure that the coverage is exactly what they need it to be.
Recently, many complaints have come to light regarding security measures in some policies. Policy holders are sometimes confused and shocked to find that their automobile coverage does not cover claims after a theft or hijack situation.
Some policies are designed based on the existence of car security systems or car tracking devices. It is essential for the insured to know and understand that, in most cases, there is a time period that those items must be installed into the insured’s vehicle in order for certain claims to be honored.
It is also important that the consumer is familiar with the workings of their insurance holders, the options and policies and conditions and how to make it work for them.
Standards are also set to make sure that the correct device was actually put in the car and put in correctly. If the wrong security system was installed in the car, your policy may not cover a loss claim.
Any personal experiences with this one? Ever filed a claim only to find out that you didn’t have the right security system or that you didn’t install it correctly or in a timely manner?
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