Have you bought a car or auto recently and have got it insured? Well, if answered yes, there must be a lot of questions hovering in your mind regarding the insurance policy bought from a reputed auto insurance agency or company in Fresno. It is quite natural that when we invest in something, we are eager to know about its return and benefits. Here are some of the common questions; a policy holder wants to get answered. Keep reading, if you belong to the same category.
What follows when you do not claim for your auto insurance the whole year?
If you haven’t come across the need of claiming for the auto insurance, you are a lucky person. No Claim Bonus is a term covered in your policy, which offers you a discount on the next renewal. T elaborate, if a person has not made a single claim for the whole year, he/she will get a certain percentage of discount on the next policy renewal. For a claim free year, the bonus amount starts from 20% and increases by 45-50% for 4-5 consecutive claim free years.
Will I get a claim value equal to my vehicle’s price?
According to IDV – Insured Declared Value, you can claim for the equal value as of your vehicle in a case of theft or complete damage. However, this amount is fixed at the time of buying the policy. It is the value fixed to the market price of your auto. So, if you have set your IDV same as your auto’s value, the auto insurance company in Fresno will give you the total price on your claim.
Can I pay less premium value or save some money on my auto insurance premium?
Your premium amount depends upon the auto model you buy. For a smaller model, the premium to be paid is considerably low. Another way to get discounts on premium is voluntary deductible. It refers to the minimum amount you decide to pay while making a claim. To say, if the voluntary deductible chosen by you is Rs. 2000 over a claim amount of Rs. 15000, you will have to pay Rs. 2000 and your general auto insurance company or agency in Fresno, CA; will bear the rest Rs. 13000.
Is there a possibility of getting the insurance claim rejected by my auto insurance company?
Though rare, but your auto insurance agency may possibly reject your insurance claim. The few such situations are – when you use the auto for other purposes than stated, when you have modified your auto without informing your insurance agent. This says that, you cannot use your personal vehicle for commercial uses and any addition or deduction to your property should be informed. Then only you can ensure a compensation amount on your claim.
Is there a solution for my expired auto insurance policy?
You can easily renew your expired policy after an inspection of the vehicle has been authorised out by the auto insurance agency in Fresno, California. The insurance may demand an additional premium amount if the policy has expired since 45 days. So, make sure you renew the policy as early as possible to avoid any extra premium payments.
After getting your answers, you can now buy a suitable insurance or find solutions for your expired policy. Make it a point that you stay aware of the changing terms and conditions from your insurer.