Tuesday, December 1, 2009

Auto Insurance Guide - Common Misconceptions

Auto Insurance Buying Guide - 5 Common Misconceptions

The insurance company cannot reimburse your everything you have paid for your car because if your vehicle is damaged in a collision or accident, in some cases, it becomes impossible to recover the full cost of the vehicle because the payment for your claim you will receive is calculated taking into consideration market changes, depreciation, and other factors. For these reasons, payment for your car claim will not be what you have paid for it.

So it is best to evaluate and review your car insurance policy and compare it to what you assume about your car’s insurance coverage.