Are You Paying Too Much For Car Insurance Palm Beach Florida?

July 10, 2017 · Posted in General Articles on Car Insurance 

If you are like many people in the country, you are unaware that car insurance companies use a report called a CLUE report to assess a customer when they are deciding on rates and claims for an individual. What Is a CLUE Report? The CLUE report is generated by a database called the Comprehensive Loss Underwriting Exchange. This database keeps a history of all the claims filed by a particular individual. The database keeps all the information provided by member insurance companies, including information about the date of any losses, the type of losses, the amounts paid by a company and the type and value of the property insured. The database includes information about homeowners and automobile insurance. For automobiles, there is specific information about the vehicles that were insured and any claims on those.

The real challenge is dealing with the car insurance adjuster. This is the representative of the insurance company whose job it is to get you to settle as quickly as possible for as little as possible. They deal with claims all day and thus are quite adept at getting what they want, whereas you may have never filed an insurance claim before.

Have your documents readily available, including accident reports and medical statements. They will question you regarding your need for medical attention, past injuries, doctors opinions, etc., all with an eye to settling quickly and cheaply. Do not bother arguing; just have the facts in front of you. In addition to settlement for medical bills, there is the issue of pain and suffering. Again, an adjuster will always seek to question the nature of your injuries, hoping for the lowest possible settlement.

The Role of an Auto Insurance Agent. An insurance agent has several roles. One of the main roles of an auto insurance agent is to provide the best car insurance quotes for their consumer. If the agent works for an insurance company, they are often authorized to give out the most suitable premium for each consumer. Also, since most agents commission is based on the auto insurance sales they get, most of these agents have knowledge and understanding of the different types of auto insurance.

Once a consumer purchases an auto insurance policy from an insurance agent, their job does not stop there. An auto insurance agents role now shifts. Part of being an insurance agent is to ensure compliance when it comes to premium payments. These agents send out reminders to consumers about payment schedule as well as any proposed changes on rates to the current auto insurance policy of the consumer. A good auto insurance agent should also be updated on their consumers life since they can get new leads form these changes like when a family member bought a new car. In this case, they are able to offer cheap car insurance quotes for this new family member.

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