Is there a time frame pertaining to how long a DUI DWI affects your insurance rates being higher?
Yes, definitely, but it goes by state law as well as insurance company regs.
Are you pertaining to being both a direct insurance and reinsurance broker at the same time? It probably depends on the Insurance Laws in your country. In the Philippines, you can be both a direct insurance and reinsurance broker. There's just a higher paid-up capital required for the composite license.
Drivers under the age of 21 are considered a higher risk of being in an accident and therefore it is critical that they have insurance, even though many companies will charge a higher rate for younger drivers. Also, many car rental companies cannot or will not rent to someone who is under the age of 21 due to the fact that their insurance will not cover them.
There are many factors that influence car insurance rates. Everything is given a risk factor, like age, location, driving history, Usage and car type. Because accident rates are higher in young drivers, a higher premium is charged. If you live in an area which has had a high level of accidents then this can raise the risk factor and in reverse low accident areas have a lower risk factor. Whether you park in a garage…
How is quality of coverage diminished if affordable or cheap car insurance is purchased in place of higher cost car insurance?
Quality of coverage can be diminished in several ways by purchasing cheap car insurance. Cheap car insurance may often have a higher deductible than more expensive options, as well as less efficient customer service and a higher claim rejection rate than other companies. Cheap car insurance companies are also typically "no frills" and lack amenities that other companies may offer their policy holders such as rental cars while their vehicle is being repaired.
Studies show that police pull over Red cars more than other colors. It may be the illusion of red as being a faster car. I don't think that insurance is higher for color, but may be if you get more tickets with the red car, thus upping your insurance rate. Certain car models that are in demand by young "drifters" and illegal street racers are stolen more and thus may lead to higher insurance too…
There are a number of things which can affect the cost of sports insurance for professional athletes. Some of these are: which sport is being played, how much the policy is for, and how dangerous a particular sport may be. For instance, football is considered a higher risk than tennis for sports injury. Other factors may include the deductible involved in a particular policy. In general, sports insurance coverage is very risky, and the cost…
they still will not give you money for the car accident and because of the accident they will most likely charge you a higher fee for being considered an unsafe driver. Added: There is no such thing as retroactive insurance. A policy you get today will not cover you for a collision you had last week.
How does getting a ticket for being a passenger in a car without a seat belt affect your insurance in California?
It depends on why your being sued. If your homeowners insurance covers the act that caused the suit, then you should have legal defense costs coverage if you purchased liability insurance with your homeowners insurance policy. If you did not purchase liability coverage then your insurance company will not defend you.
Your daughter has insurance where she works but wants to use your insurance as her primary Can she do this?
What do you call a person that says that there may be a higher being and there may not be a higher being?
How would you know if you never paid for insurance? Not sure how anyone would answer this question othr then to say that it is possible your rates will increase because they relize you don't pay for your insurance on a steady basis. Honestly, there are several factors that affect your insurance rates such as, credit score, type of vehicle, motor size, age, geographical location, being male or female, and of course driving history. IN…
Will being a drug user make the insurance higher and if that person died of non grug related incident what is the outcome?
Being an illegal drug user has nothing to do with the initial insurance claim. Because, generally, insurance companies are not allowed to ask you whether you are a drug user or not. Therefore, you are not required at all to release that information. However, if you mean that drug users have a higher percentage of medical assistance (meaning they have more health problems) then the insurance could be incredibly higher. It really depends on the…
Insurance companies are all about risk. If they perceive that you are doing something that qualifies you as being in a higher risk category, they can do whatever they want. On the one hand, they want your money. On the other hand, they don't want to pay out. So they assess risk and use that to keep expenses down.