To think that you are covered only to find out when you have to make a claim ….that you are not!

Many drivers just visit a car insurance comparison website and opt for the cheapest quote from a list of competing car insurers. Incredibly around half of the people who buy insurance don’t actually know what they’ve bought in way of cover. They only find out the true cost of car insurance when they come to make a claim and get knocked back by the Car Insurance Company’s claims department.

All this can be avoided though if customers read the ‘small print’ and understood just what they were covered for.

Insurance companies are legally obliged to explain their covers in detail online before the purchaser buys the policy which is a legally binding contract. Quite often though, from our testing this is not so obvious to the on-line car insurance buyer.  Insurance policy documents  can be very complex to the average member of the public and like all legal documents -the devil is in the detail!

We asked one of the UK’s leading Specialist Car Insurance experts to explain what you would find in the typical car insurance policy document:

Read Your Car Insurance Policy Wording Carefully before you Buy On-line

By: Dave HealeyBefore you purchase car insurance online you should carefully study and read the policy wording, often found in a policy booklet or policy document downloadable as a .pdf file from the Car Insurer.The Policy describes the insurance contract that you are entering into when you purchase the cover, although it is not legally the full the contract itself.A policy document, often refered to as ‘the small print’ will outline the contractual participants, the coverage, the consideration or what each party is liable to pay for, the events leading to compensation available under a claim, and any special terms and conditions, the t’s and c’s which apply to the contract. In the case of dispute with or a repudiation by the motor insurer following an accident claim, the detail of the policy wording may be subject to variable interpretations by the civil courts.

 Every Car Insurance policy document will contain five types of clause.

 The first is known as the’Recital clause’ which is responsible for determining the car insurance cover and specific exceptions. it is often split into multiple sections if more than one type of cover is offered, for example, third party or fully comprehensive or third party fire and theft.

 A policy will also contain an ‘Operative clause’ which sets the scope of the cover and specific exceptions. This may be divided into sections if more than one type of cover is included. The ‘Attestation clause’ authorises the policy by the signature of the underwriter or the Car Insurance company CEO, whilst the ‘General exceptions’ clauses set out the general exceptions to the cover provided. Finally, the ‘Conditions’, which are often the most legally contested lists express conditions in order to define or limit the contract.

 Policy document wordings for Motor and Car Insurance are often extremely complex and difficult for the public to understand. To help with this many Car Insurers will now produce a summary of cover or keyfacts document, to assist policyholders to understand the insurance protection provided, but unfortunately and legally these summaries do not cover everything in the policy.

 Some Car Insurers have, therefore, tried to simplify the wordings themselves. There are dangers in this area since the traditional car insurance policy wordings have been well tried and tested in the courts with known outcomes, whereas simplified translations are unproved and may bring in areas of uncertainty as to the actual levels cover being offered and provided.

About the Author

Dave Healey is a leading UK specialist car insurance underwriter and Car Insurance journalist who regularly contributes to the Car Insurance Blog . Dave has written many insurance journals and publications on the subjects of classic car insurance cover. Dave drives a 1963 E-type Jaguar.

(ArticlesBase SC #2928441)

Article Source: http://www.articlesbase.com/ – Read Your Car Insurance Policy Wording Carefully before you Buy On-line

Car Insurance Cover- The Devil is in the Detail! is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

According to the Motor Insurers’ Bureau in a report released today, there has been a twenty percent drop in the number of people driving without car insurance in the UK.
However, there are still a third of a million uninsured drivers on the roads in the UK without adequate car insurance cover.
And it’s young drivers who are the biggest culprits when it comes to breaking the law and putting other road users at risk of loss.

The Motor Insurers’ Bureau (MIB) reports:

Young drivers are the least likely to be insured with new figures suggesting the problem is worse in Britain than any country in Western Europe.

One in five uninsured drivers is aged between 17 and 20.

300,000 young drivers in that age group breaking the law when they get behind the wheel of a car. Many have taken their driving test and hold a full licence but claim they cannot afford the rates charged by Car Insurance Companies

The Motor Insurers’ Bureau Chief executive Ashton West said

“We’ve made significant progress and seen a 20% reduction but we’ve still got a pretty embarrassing record in the UK and there’s a lot more that we need to do to rid the country of this problem.

“Young drivers present a higher risk so they end up paying more.

“The cost of insurance is higher, therefore some of them see that as beyond what they’re prepared to pay and they take the risk.”

Uninsured driving is not helped by the courts who typically hand out  a £200 fine and six points on your licence.
When you consider that the average young drivers car insurance premium is in the region of £2000 per year, and that the car may only be worth £500 and the fine £200  – you can see why taking a risk with uninsured driving is attractive to a certain type of young driver.

However what they fail to realise is that when they are caught they will be paying for this in high premiums for rest of their lives.

Cheap Young Drivers Car Insurance is available from a variety of providers at Car Insurance TV. Compare car insurance prices and shop around for cheaper quotes!

So on my way over to the Insurance Blog offices what do I hear on the BBC Radio One lunchtime news program for young people – Newsbeat – a very interesting  programme about the outrageous costs of car insurance for young drivers.

Being the BBC they have gone all multi media and you can follow the show at BBC Newsbeat  Facebook and listen to and download the podcast at http://www.bbc.co.uk/newsbeat

Listening to many of the comments and reading posts like this….

From Facebook

Chris Kidwell
I’m 22. I’ve been driving for 5 years. I’ve never had an accident. 2 weeks ago a 60 year old man crashed into my car while it was parked. He’s probably got protected insurance cover, and his premium will hardly go up even though he wrote my car off and damaged 2 other cars. I’ve never even come close to an accident in my 5 years, but my high … See moreinsurance policies have probably totalled enough to cover the damage to the other two vehicles, my written off car, and all the hire cars involved… So even though I’m the driver that is least likely to have an accident, my money is more likely to have paid for his irresponsible action. I do feel that young drivers are all tarred with the same brush. There should be a standard amount that all drivers start on (say £900-£1000) a year. Then the premium can increase/decrease accordingly depending on how the driver fares on the road. To charge anyone £3000 a year without knowing whether they are actually a bad driver is wrong.

………………

You’ve got to agree…hey, maybe the kids do have a serious point!

Uninsured Young Drivers Torment British Roads is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

When you need a cheap car insurance quote in the us these days, you are so much smarter if you will just do it over the internet. You may not think of it in these terms, but you are actually saving yourself a lot of money in the process because you don’t even have to waste time or gas in the process. And the fact that it is makes online car insurance that much better.

There is no reason why you cannot get your car insurance online. After all, every other kind of business is being transacted over the internet these days. You must agree with me also that they are often cheaper and faster to transact, which of course is a major plus for you. Now you have nothing to worry about. No?Getting great auto insurance is easy if you want it badly enough. What you need to do is to get a number of quotes from various insurance companies and compare them. You will know the one you can afford when you see it.

Before signing up for online car insurance online, you may want to take a look at the rates that are offered by various car insurance outfits. That mean you will need to take a look at the various websites out there. But since this can be done within minutes, you can be through with your decision in no time at all.If you have been driving for a while, you have a clue how many miles you log each year. When you are looking for really cheap car insurance, this is the best way to do it. You just let them know how much you anticipate each year and you pay for precisely that. You don’t have to pay a cent more than you use.

The rates offered by online car insurance are easy to peruse and decide if you like them or not. The best part is that you don’t have some insurance agent breathing down your neck while you are it to make a decision already. As such, your decisions are more your choice than choices made under duress.Driving a car without insurance anywhere in the anywhere United States is illegal, even if the penalties vary across the country. Rather than leave yourself open to all kinds of litigation, you might as well get you some cheap car insurance. It better than nothing, and you know it.

An Interested Observer Points Out The Good Things About Auto Insurance is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

Go Here:

humanaone

money supermarket car insurance

Automobile Insurance Are You Getting the Finest Deal? is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.