Money saving tendency is universal. “Discount” is opted by many and is the latest mantra. Scores of companies project their self as opulent companies but boast with their affordable rates and bearable clauses. However, their affordable and reduced rates have hidden cost.
As far as auto insurance is concerned, the expenses in them hides until you get into a claim. Auto insurance firms that offer discounts have their own ways, through appointment of experts, to counter claims, which are false and fabricated ones.
The depleted assets on which such low-priced policy offering companies function force them to delay real claims for months together. This refers to unattended cars with damaged body covers results no mode of transportation for the owners. There are instances in lot of states where rules are there to initial fixation of accidental damage prior to the state inspection perusal.
This said state can be further amplifies a situation in which the insurance companies fault in not examining a claim for months to together. Such a situation leads to a piquant situation were. Accidental damages are not fixed and car is kept unused for months and waits for state inspection.
It is a misfortune that the states, have failed to fix a period for insurance company, to react on a claim. This makes you wait for months together and auto insurance company are also not legally faulty and this may make you understand on the low price for such insurance policies.
Insurance that have a heavy discounts may help you to ride the car legally in the road. The tendency to garner money is common, however lowest value may lead to a higher cost for you. Here the auto insurance in the middle of the road category succeeds.
The aim to maximize benefit from lesser cost is a natural dictum. Low priced insurance offering companies offer a little coverage. However, as the consumers desire a wide coverage, the premium will be very high and finally it will be similar to a high-end car insurance company rates.
A well placed insurance company aims for an excellent customer service. But a low price insurance policy offering companies functions with a skeletal staff so that their various departments like claims, service lack quality.
They starve for assets and so can offer the consumers only a legal right to drive the car in the road and nothing more than that. The low priced car insurance offering companies offer to the clients services that lack human touch.
Since computers with recorded voice man their customer service departments, billing problems are high. It is like drinking an artificially flavored drink to having a fresh juice.
Therefore, faulty billing and lack of human interference make them poor in servicing the policies. The danger that lurks behind the low priced car insurance offering companies is the safety. The details that are parted by a driver are highly prone for theft. They are the credit card number , social security number, residential address, landline number, and also the medical history.
Such details are prone for theft and low priced car insurance offering companies are not equipped in keeping them secure. Highly placed insurance companies keep such information safe through their security personnel who keep them in places where the hackers cannot easily place their hands.
The security, quality of service lack in low priced car insurance offering companies as compared to highly placed car insurance companies.
The only benefit these low priced car insurance offering companies are RM50 in the inception of the policy. Then after, the customers are in the lurch and eapso not worth trying it.