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Car insurance becomes an essential need in recent times. It is helpful to save you from any financial loss that may risk and damage your car. It is a financial lifesaver once an accident happens.
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When you decide about car insurance, you have to learn about its policy. Understand its coverage, so you will know how to fill your claim. This article will discuss further some errors that invalidate your car insurance policy.
Easy Ways to Trash Your Car Insurance Coverage
- Late Payment
Most car insurance policy requires you with monthly payments. Few of them have an annual payment policy. You must not miss any of them to avoid your car's uninsured.
Due to the busy day, you may forget the payment for your car insurance policy. Of course, it will not be a disaster if you do it once in a while, especially if you are a loyal customer.
If it is your first error, the insurance company will be generous in reminding you. They will send you a notification as a friendly reminder. Yet, you can not rely on this forever.
As a loyal customer, you have to pay the bill on time. The company will not consider any late payment that you made. It will be accepted as a fail and may cause your coverage to be cancel.
- Allow Other People Drive
When you register for car insurance, the policy will include you and your car. The insurance company considers both for claiming the coverage. This policy is valid for car insurance with full coverage too.
So, you must be careful in letting anyone drive your car. Make sure you run your insured car.
The claim process will require the policyholder to be the driver. As a policyholder, it will cause a denied claim if you can not mention your name as the driver. Your claim can be invalidated because the policyholder breaks one of the insurance terms.
You have to understand this policy very well before you purchase any car insurance. Knowing this term is necessary for parents who have children, especially if your children approach their driving age.
You can not assume that the insurance policy will cover a teen who learns to drive. You had better check your policy before you let children go behind the wheel.
- Make Small Claims Too Often
It is essential to read and reread your car insurance policy term carefully. You may consult with your car insurance advisor if you require more explanation on it. Although you will get coverage for a small broken, you should not claim your small claim too often.
Do not misunderstand that the policyholder should file a claim in each minor accident. You will not benefit from doing it too many times. It includes claiming your broken mirror or other small claims.
The insurance company will consider the case as an opposite thing. These small claims may benefit you only for a short period. Meanwhile, it can cost a lot of administration for an insurance company.
Too many small claims may also cause you to be less trusted by the insurance company. You will get an increased premium price as well. The worst thing is it can refuse your insurance renewal policy.
