Saturday, October 30, 2010

Car Insurance Quotes

An insurance policy is basically an agreement or contract between the policyholder and the insurance company. The policyholder will pay a premium and in return the insurance company agrees to act on behalf of the policy holder and provide the type and level of cover as detailed in the policy. It is a legal requirement in most countries to have an car insurance policy so finding the right car insurance quotes is important to ensure you have the correct level of cover.
If you are involved in an car accident and another driver or injured party decides to sue you for damages then your insurance company will be obliged to act in your best interests. This means that they will hire an attorney to represent you, be responsible for the cost of the attorney and they will act in your best interests. If offered a fair settlement then your insurance company may be obliged to pay out to protect you from further claims.
Insurance companies will always look to deny claims where possible, in the hope that the policyholder will not query their decision, so that they do not have to pay out. However all insurance companies are obligated to treat the policyholder fairly and failure to do so is known as bad faith.
Finding the right insurance policy is important as you need to know that you have the right type and level of cover. These days finding car insurance quotes can be as simple as performing an online search and then filling out any forms necessary to return a number of different quotes where you can then pick the one that best suits your needs.
Car insurance is designed to protect both the policy holder and any other people who may be involved in an accident. If you own and are driving a car then failure to have car insurance means you are breaking the law.

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