When purchasing a vehicle, knowing if it was damaged in a flood may not be as easy as you’d think. It can take months before the damage appears and is reported—if reported at all. In the meantime, some of these tainted vehicles are being resold without disclosure of prior water damage and carry the hidden risk of high costs down the road.
Insurance shopping advice often focuses on finding the cheapest price. Do you know what trade off you are making to get the cheapest price? Finding the cheapest insurance can leave you with unintended coverage gaps or poor customer service. If you are like most people, you want good coverage without paying more than you need to. So, understanding how insurance companies calculate your price can help you get the best price for the coverage and level of service you want.
Auto insurance shopping advice often focuses on finding the cheapest price available. But what trade offs are you making to achieve this goal? Could finding the cheapest auto insurance leave you with unintended coverage gaps or potential poor customer service if you do have a claim? Having a base understanding of how insurance companies calculate you price may help you get the best price for the coverage and level of service you want.