Things You should Know about Your Policy

car insurance

car insurance

It is common knowledge that getting a cheap car insurance quote, for anyone who has ever gone shopping for auto insurance, can be like pulling teeth – and no one likes the dentist. The next time you are seeking for insurance, it will be great to ask about some of the unique features that are offered by the major insurers that most people are not aware of.

  1. Your car is insured, but the items inside it may not be:

It should not be a surprise that your insured vehicle(s) is/are covered in the event of an accident. What may surprise you is the fact that the personal possessions which you may be carrying in your car are considered to be separate from the car itself is not factored into the value of the vehicle, and is therefore outside the coverage of the policy. What you can do against this quite annoying part of your car insurance policy is to buy extra coverage under your home insurance.

  1. You do not always have to sell yourself short:

The standard practice nowadays is to be provided with a report of the history of a vehicle at the time of purchase. While this works out great for the buyer, the seller of the vehicle might not be as happy as you would expect. The reason is this: If there had ever been a hard bumper-to-bumper smack, the vehicle would have lost its’ value, even if it wasn’t their fault.

At the time of sale, that translates into a loss. You may not realize it, but when you get involved in an accident, whether it’s a total disaster that leaves your car looking like a ball of tinfoil or just a dent in the fender, you can call on your Ontario auto insurance company, and while they are paying for your repairs, you can ask them to give a reimbursement for your future losses! This known as a diminished value claim, and while it can vary in amount and availability depending on your particular policy, it is worth asking for.

  1. Your insurance agent can be helpful:

Your insurance might pay the associated taxes & fees if you total your vehicle. It is not a feature in every policy, or available in every province, but it’s worth asking for. The last thing you want to worry about if an accident should happen is whether or not you are liable for HST.

The point here is, your insurer can be your friend, and not just another bill collector. You now know some of the hidden facts of your policy; take it to your agent and see how much you will save with car insurance quote in North York or elsewhere.

  1. Slash costs by reducing payments:

You can treat your policy in a similar way like your credit card balance, and save money in the process. If you accept to pay your entire premium in one or two lump sum, you will escape the high fees you would otherwise be subjected to. Ask your agent if your policy can be paid in this manner.

For a in person auto insurance quote, you can visit our North York office:


Ultimate Insurance

45 Driftwood Ave Unit 1301

North York Ontario

M3N 2M4

Canada

(905)266-0532

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