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[W379]What Are Insurance Companies

by Nick Vernon, Nic

The best way to go about attaining auto insurance is to shop around. An easy way to do this is to go online. You can literally get 15 car insurance quotes in about 30 minutes to an hour. Not bad considering it could save you big money. As a general rule, I would shy away from those sites that offer getting insurance rates by the boat load. As an automobile owner, I want to make sure my car is being insured by a reputable company. Many of those sites that offer many quotes at once will turn up companies you and I have never heard of, making it very sketchy on if they would actually be able to cover costs if I were ever to get into an accident. The best way to make sure a company is reputable is by doing some general research. You will know in about 5 minutes if a certain insurance carrier would be the type of company you would trust to do business with.

What Will the Insurance Companies be Looking For?

It is definitely standard and required that an insurance company pulls your driving record. This gives a very good and accurate snapshot on your abilities as a driver. If you have a clean driving record, you will get the best rate available. If you have a severely marred record including accidents, speeding tickets and violations, you will get a very high premium.

Some insurance companies will pull your credit report. Although this is not customary, some pull it. There reason for pulling a credit report is to ensure that you, as a policy holder, will be able to pay your premiums. Not only that, but it also gives another snapshot on the type of person you are regarding actions. A person with good credit will generally be assumed as a responsible person. Someone with many late payments on their records or collections would be viewed as someone irresponsible.

Another requirement they will be looking for is that you are properly registered legally. They check to see if your car is registered. If your car is not registered, you will not be insured. Along with this, they will want to observe your car and note any marks, problems or cosmetic defect to your car prior to insuring.

How Can I Get the best Premium Possible?

There are many things you can do to get a good premium and get the most out of your discounts. You need to be aware of all the discounts you are eligible for before going into the insurance company's office. They are not required to offer you all discounts that you are not aware of. These are just some of the discounts available:

1. Discount for taking a driver improvement course. This can be one taken in school as a teen, online, or at your local DMV.

2. Military Discount: This is for current and retired military personnel.

3. Good grades discount. This is a discount provided to those students who maintain a B average or above. This discount is offered to college students also.

4. Safety features discount. Yes, you get additional discounts for safety features outside the regulated safety features.

5. Ask for a higher deductible amount.

6. Discounts from AAA (or similar) auto club.

7. Discounts for being 55 and above.

8. Safe Driver discounts

9. Insure your home and auto insurance together to get a multi rate discount.

10.Make sure you need all the insurances in your policy

Pet insurance companies have been around since 1982 when Veterinary Pet Insurance first opened its doors to sell the first ever pet insurance policy to Lassie. Ever since then there have been a small group of pet insurance companies to come and go and maybe a timeline of the previous pet insurance companies would help us to understand how the industry got started and where it may be headed today.

Pet Insurance

The first of the pet insurance companies started in 1982 by Dr. Jack Stephens and a group of about 700 other veterinarians nationwide. VPI was started to try and help prevent people from destroying their pets because they could not afford medical care for the animals. The group is still in business today and is one of the largest pet insurance companies in the world.

Pets

Started by former Lloyds Of London broker Rhona Sutter in 1997. Pet Protect was one of the few pet insurance companies to stay in business for more than a year but finally closed their doors in 2006.

Hartville Group

Launched in 1997 by investment banker Russell Smith III and initially marketed under the Petshealth Care name, the Hartville Group has been known to use famous cartoon cats like Garfield as their mascot. The Hartville Group is still in business.

Now For The Rest

The above mentioned businesses were considered pioneers in the pet health insurance business and are often credited with giving the industry any chance at all of surviving today. Some of the other companies that tried to sell pet insurance but failed are Frontier Insurance (closed in 1988), VMS (closed in 1988), Medipet (closed in 1994), Premier Pet Insurance (closed in 2003), Midwest Pet Insurance (closed in 2003), and BluePaws Pet Insurance (closed in 2001).

The future of pet insurance businesses is unclear as many larger insurance underwriters dropped out of helping to offer coverage after the attacks of 9/11 when the insurance industry became very unstable. But companies are out there trying to keep the concept alive and some hope to have great success in the coming years. There are only about a half million pets insured with pet insurance companies to date and when you consider that there are over 150 millions dogs and cats in the United States alone you begin to realize the amazing potential for future growth in this industry. If the companies can figure out a way to market insurance to pet owners so that the pet owners feel the importance of it then they just may make it long term.

Article Source : Pg. 96

About Author

Both Nick Vernon & Charlie Reese are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Nick Vernon has sinced written about articles on various topics from Auto Insurance, DUI and Auto Insurance. If you need to check go to my website and put in your zip code.. Nick Vernon's top article generates over 14800 views. to your Favourites.

Charlie Reese has sinced written about articles on various topics from Psychic Readings, Wedding Gowns and Wedding Bells. Charlie Reisse has a deep wisdom about and writes books about them daily. He also studies. Charlie Reese's top article generates over 673000 views. to your Favourites.