Car
insurance premiums are more expensive because of fraud
Lineadirecta, has published the conclusions of a study on the increase of fraud in Spain.
As in the blog of car insurance and more I have often talked about the premium of car insurance, I wanted to touch this subject also in a post.
According to this study Barometer on fraud in car insurance due to fraud in car insurance premiums from auto insurance is 10% more expensive because of those who commit fraud when declaring a claim.
As I wrote at the time in this blog of car insurance in explaining how the car insurance premium is calculated, the key factors are the frequency with which the accidents happen and the average cost of these.
Therefore, fraud by increasing either of these two factors, whether declaring a greater number of claims or doing what is possible to increase the value of the indemnity by the insured, the clear result is the increase of the premium of the Car insurance, which as it says this study is passed on to all policyholders of car insurance, which implies that all drivers pay 10% more for the price of their insurance, because of those policyholders who commit fraud , Since if the fraud does not exist Evidently, when someone knows that another person has committed fraud with the insurance does not stop to think as it affects him, and if it were only a case would not have repercussion, but the study indicates that the value Total fraud amounts to 780 million euros per year, so each can do the calculation he creates to see how it affects his pocket that another person commits fraud.
Due to the crisis the number of frauds in car insurance policies has increased by 30% being the groups involved more heavily those under 26 years and the car fleets of companies, as you can see two opposite poles of cases.
The study also indicates that 2 out of every 100 claims declared are frauds and the provinces with the highest percentage of cases of fraud in car insurance policies are Granada, Ciudad Real and Malaga and Ávila the least.
Lineadirecta, has published the conclusions of a study on the increase of fraud in Spain.
As in the blog of car insurance and more I have often talked about the premium of car insurance, I wanted to touch this subject also in a post.
According to this study Barometer on fraud in car insurance due to fraud in car insurance premiums from auto insurance is 10% more expensive because of those who commit fraud when declaring a claim.
As I wrote at the time in this blog of car insurance in explaining how the car insurance premium is calculated, the key factors are the frequency with which the accidents happen and the average cost of these.
Therefore, fraud by increasing either of these two factors, whether declaring a greater number of claims or doing what is possible to increase the value of the indemnity by the insured, the clear result is the increase of the premium of the Car insurance, which as it says this study is passed on to all policyholders of car insurance, which implies that all drivers pay 10% more for the price of their insurance, because of those policyholders who commit fraud , Since if the fraud does not exist Evidently, when someone knows that another person has committed fraud with the insurance does not stop to think as it affects him, and if it were only a case would not have repercussion, but the study indicates that the value Total fraud amounts to 780 million euros per year, so each can do the calculation he creates to see how it affects his pocket that another person commits fraud.
Due to the crisis the number of frauds in car insurance policies has increased by 30% being the groups involved more heavily those under 26 years and the car fleets of companies, as you can see two opposite poles of cases.
The study also indicates that 2 out of every 100 claims declared are frauds and the provinces with the highest percentage of cases of fraud in car insurance policies are Granada, Ciudad Real and Malaga and Ávila the least.
First post
of insurancedecocheymas from the mobile
This afternoon has given me to take the mobile and see if there was an application for the mobile and indeed it was and although I'm still not very fast with the touchpad I decided to try to write a post using only two fingers.
Before writing I wanted to try to get a home insurance in verti with the mobile.
At first it was more or less easy, but when I got to the hiring screen it occurred to me to play on a help button and from that moment the navigation was really difficult and as a result I decided to abandon my recruitment of Home insurance from the mobile.
Well for today I have covered my time share with the mobile.
This afternoon has given me to take the mobile and see if there was an application for the mobile and indeed it was and although I'm still not very fast with the touchpad I decided to try to write a post using only two fingers.
Before writing I wanted to try to get a home insurance in verti with the mobile.
At first it was more or less easy, but when I got to the hiring screen it occurred to me to play on a help button and from that moment the navigation was really difficult and as a result I decided to abandon my recruitment of Home insurance from the mobile.
Well for today I have covered my time share with the mobile.
Make your
payments at any time
In order to serve you better, we have created a self-service center to help you manage your policy, select payment options and make payments online.
You can pay the premium of your auto insurance policy or access any of the multiple functions from your computer, electronic tablet or smartphone at any time and from anywhere.
As always, your safety is our top priority. Our security certificate ensures that your private information, such as your credit card numbers, is kept encrypted and your personal information is never shared. If you need more information, please check our privacy policy.
In order to serve you better, we have created a self-service center to help you manage your policy, select payment options and make payments online.
You can pay the premium of your auto insurance policy or access any of the multiple functions from your computer, electronic tablet or smartphone at any time and from anywhere.
As always, your safety is our top priority. Our security certificate ensures that your private information, such as your credit card numbers, is kept encrypted and your personal information is never shared. If you need more information, please check our privacy policy.
A key coverage in your auto
insurance
Five in the afternoon, 40 gradients
in the shade and you are making a long road trip. Everything is quiet until
suddenly your engine says enough and you are forced to stop on one side of the
road, with the car fuming and you even more. It is a task, but it is something
that can happen and in fact there is almost no driver with certain years behind
the wheel who has not ever gone through a situation like this. As we are human,
we all curse when we suffer such a situation. And it is something that will
continue to happen as long as our car insurance has the assistance roadside
coverage. But what we can assure is that having at our disposal this help the
number of expletives that will leave by our mouth will be smaller; Of course
the problem will continue to exist, but we can solve it more easily,
comfortably and economically. That is why, because an example such as this can
become a reality, it is very important to hire a car insurance that has this
guarantee. And if it is possible that it offers us comprehensive coverage and
quality, since not all insurers offer the same conditions. Let's see what road
assistance consists of and what help we can provide. So that nothing is left to
improvisation when we need it. What is the coverage? Basically, it is a
service of assistance to vehicles when they suffer a mishap or damage during
their movements, either in national territory or abroad. The incidences can be
multiple, from the most frequent ones (the puncture of a wheel, the heating of
the engine, the loss of water, the discharge of the battery) to other less
common ones, that prevent the car -moto, truck or van- to continue With his
march. Having this coverage makes things much easier, since the driver of the
vehicle should only be in charge of contacting the insurer, and the insurer
already takes care of the necessary steps. By either performing a repair on the
spot, either towing the vehicle to an appropriate place for repair or rescuing
it, in the event that our car has overturned or fallen into a space in which it
can not continue to circulate. On-site repair involves the dispatch of a
mechanic who specializes in this type of situation, to the place where the
vehicle is located to fix it right there, without having to move it to a
workshop, which will avoid wasting time and possible unnecessary costs Do you
know that it is a fairly frequent situation? If this is not possible, the
roadside assistance service should facilitate the towing of our car to a nearby
workshop that can repair it. Beyond these basic coverages, there are some
companies that offer better coverage. Some include in their roadside assistance
offer from kilometer zero, something very useful because things can happen even
at the door of our house. We also have to study the fine print to know if our
insurance covers possibilities such as the wheel jab, the loss of fuel ... or
even the loss of the keys. Travel Assistance We've already talked about
roadside assistance, but ... what is the coverage of travel assistance? Let's
go with a particular trivial: if you think it means the same select option A.
If you think it is different, choose option B. Which one have you chosen? If
you have chosen B, a point for you: you have hit. Travel assistance coverage is
different. In this case it is not a question of providing assistance to the
injured vehicle, but directly to the people who travel in it, which are also
the most important. What service can you offer? Assistance to passengers so
that they can continue the journey, return to their home or receive medical
assistance - if necessary. If the vehicle can not be repaired within a certain
period of time, this coverage provides passengers with a means of transport to
return home or arrive at their destination. You can even take care of the stay
of the insured and his companions in a nearby hotel in the event that the
damage occurs far from home. If, unfortunately, there are injuries, this
service can provide them with assistance and facilitate their sanitary
transport, and even take care, in the worst case, of the funeral transport
service. But better not to end in this dismal way, but highlighting the
tranquility and comfort that can mean to the client the hiring of these
services in their car insurance, especially at this time of the year in which
travel increases to enjoy the good Time and the desired vacation.
HISTORY OF AUTOMOBILE INSURANCE
The car insurance policy is
protected against the risks derived from the driving activity of a vehicle,
including total and partial damages. At the same time, thisSafe to offer
protection to the assets of the insurance for the damages that may have, if it
is civilly responsible, for damages caused by third parties and injuries or
death caused to third persons.Car insurance has its origin in the amparo of
responsibility Civil and their origin can be determined in the year 1821, the
date on which a police ordinance is issued, by which it is available that each
coachman should pay 20 cents a day of his salary, which constituted a deposit
for the payment of fines and For the replacement of damages (Escobar, 1960).
For the year 1825, in France, a civil liability insurance was formed for
drivers of vehicles and cars. However The first auto insurance policy was
issued on June 2, 1902 by the Boston Insurance Company of the United States.
Auto insurance has had a significant development since its inception Until
today The main coverage of this industry was and remains , In most
industrialized countries, liability coverage. Throughout the years, different
laws in the world have motivated drivers to acquire this type of protection. In
its evolution the car insurance incorporated the protection of the investment
it represents
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When taking a new insurance policy
for our car, we must take into account taxes and rates on auto insurance, which
are subject to them, like any other product that is made in our country. We
must know that they will be proportional to the policy that we contract, and
take them into account, so as not to distort our economy to a great extent, so
that we can access the coverage that interests us and we should not resign it
for not having had In account a small percentage of the value, depending on
these additional expenses. In order to calculate the taxes and rates on
insurance, our company offers the search engine and online insurance quote,
which it maintains online all the time, so that users from all over the country
can get the most valuable and updated information to obtain the Insurance more
useful. Let us not forget that it allows us, in case of any benefit interest,
leave our contact details, so that a representative of the insurance company
that has been of our choice, call us and give us all the information about the
Taxes and insurance rates that affect that coverage that interests us at that
time. As an additional advantage, the use of this tool is free, which will
allow us to carry out all the queries we need in an easy, cost-free way, to
complete the insurance selection process quickly and efficiently, without
having to mobilize Way person to each of the insurance companies that interest
us, and without having to spend time in meetings with representatives of all
these companies, which will consume us a lot of our already in case scarce
time.
I recently came across a perfect
example of why insuring a business for public liability is so necessary. And it
all started with a tiny oversight.
This case study follows a company
that sold and supplied control systems for large agricultural businesses. The
job in question was one that involved installing a sensor array into a group of
silos used for storing grain. The sensors would be connected to a control
system that regulated things like temperature and humidity within each silo,
with the aim of prolonging the useful life of the stored grain, and keeping it
in a controlled state. However, a subcontractor forgot to wire up one of the
silos correctly, and his mistake wasn’t uncovered for nigh on two years.
Unfortunately, the stock was pretty much waste product by then.
Grain silos are large objects. Very
large. A single silo can store anything up to several thousand tons of grain
for the very biggest, and certain several hundred tons for smaller ones. That
amount of grain represents a lot of money, or in this case, a sizeable loss.
The grain store decided to sue the firm that did the installation, holding them
culpable for this loss.
The grain owners were seeking
compensation for a few million dollars to compensate them for the loss of their
grain, and the loss of the profits too. This could have had a devastating
effect on the sensor system company and would have probably shut them down and
put the workforce out on the street. The reason it didn’t was that the company
directors were wise enough to buy a public liability policy to protect
themselves against just such instances like this.
The insurance company took on the
legal liability for the incident, defending the business and establishing
liability. They settled with the silo owners, paying out an agreed sum for the
loss of the grain, and covered the legal costs associated with the claim. This
enabled the sensor systems company to continue trading without the burden of
such a potentially large bill hanging over their heads and the disastrous
consequences this could have had.
The last point worth taking away, is
that the legal fees involved in defending a claim, whether liable or not, are
paid for by the insurer. With legal fees being quite costly, even when a claim
has no basis, the financial damage caused by having to pay legal fees can still
be considerable, which is unfair, but does make public liability insurance look good value.
Matt Withers is Business Insurance Manager for Coversure Insurance Services. For a business
insurance quote or more information about business insurance, please visit our
site.
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