Car insurance is a plan that involves a car insurance company, insurance provider, and a policy holder. While it is important that your car insurance policy adheres to the legal guidelines of your state, it does not stop there.
It is essential to understand the information in your policy. You need to review your policy before you sign any document. You do not want surprises and confusions later on, just because you did not check your policy thoroughly.
Here are the 5 basic aspects of a car insurance contract that you should know before you sign and seal the deal.
1. Declaration Page
This part is about your personal information. It includes the following:
The Declaration page also includes your deductibles, coverage limits, and time period of your policy.
2. Insuring Agent
In this section, it provides information about your insurance plan. It contains the list of every type of coverage you buy a long with their respective limits and deductibles.
It contains what your policy does not cover such as events, properties, damages, and people.
This part indicates the responsibilities of the policy holder (you) and the insurance company. It also includes the details on how to pay the premiums, the process to resolve disputes, and to file a claim.
It is considered the "fine print" of the auto insurance contract. It explains your rights and provide definitions to the policy terms.
The car insurance contract is legally binding. Make sure you read and understand the terms and your obligations as a policyholder.
Auto insurance is an important agreement between you and your insurer. Make sure that it really provides the coverage and benefits that you need. Robert Nichols Insurance Group has its clients as their first priority with affordable rates and clever policies. To learn more about how we can help you please contact our agency at (561) 406-6153 or Click Here to request a free quote.
Robert Nichols Insurance Group
1557 Park Ln S Ste 102
Jupiter, FL 33458
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