1. Your Credit Scores decide your insurance fate
How’s your credit score? Paying your bills on time? Have been through bankruptcy proceedings? Your insurance company ought to be worried on this account, but they are for some inexplicable reason more worried about all those nice people who don’t need credit at all. There are a lot of us out there who believe in paying cash for everything and have no credit? It could be elderly couples who no longer make purchases requiring credit for example.
Should a person who is happy to pay upfront cash then be penalized like this by car insurance companies? Make sure you question your agent whether credit scores have been used as a metric to determine your rate
2. Bonus for the employees, nightmares for you
don’t be surprised that there are enough incentive programs out there being run by our so called responsible insurance companies, to encourage low payment goals.
Before entering into negotiations, know how much your car is worth. All insurance companies want to save money as much as you want to make money so the art of negotiation may work best.
3. You Called, you claimed
You call the company to collect some information. It could be something as innocuous as the neighbor’s kids hitting your car with their baseball, all you want is to check what your entitlement is.
So always pretend it’s a general call for more information. And it’s got nothing to do with a claim. Only then will you prevent your call going into CLUE (Comprehensive Loss Underwriting Exchange) report on your house which is available to anybody with a financial interest in your home. That way your one phone call won’t harm your long term interests in getting insurance for your home.
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