3 Facts You Might Not Know About Car Insurance

We understand that insurance includes insurance terminology, policy processes and procedures that could be complicated for policyholders, so here is a brushed up version of 3 things you might not know about your policy in the most simplified way!
 
 

Your Car Insurance Covers Other Fees Too

If your vehicle gets totaled, you’ll need to a buy a new car, pay taxes plus registration. All of these fees may be covered by your auto insurance company depending on your demographics and who’s insurer pays the losses. Taxes and fees may be paid in advance at the time a claim is being settled in some states. Third party’s (at fault drivers’) insurance companies may not be required to cover you for the cost of tax and registration.
 

You Can Save On Premium By Paying in Full

More often than not, insurers charge set up fees and interest when policyholders decide to pay by installment. This tends to increase total premium payments. It’s important that you ask how much you would pay in total if you decide to pay in installment and also what discounts are available if you decide to pay in full. Moreover, paying in full can reduce paperwork and cancellation risks due to non-payment. If you decide to cancel your policy, they will return the unused portion of the premium.
 

Your Personal Property in Your Car Is Not Covered

Whether your personal items have been stolen or damaged, they are not covered by your auto insurance–only items that come with the auto’s manufacturing company. What you can do  is file a claim on your home insurance. Home insurance policies can cover smaller, less expensive items such as CDs. However if your more expensive items such as a laptop is stolen, you’ll need to ask your homeowner insurance about a “rider”. A rider will cover more expensive items.
We at Uniamerica want to keep you updated and informed but we encourage you to continue to spend some time understanding your policy coverage.