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Car Insurance FAQs
Can I insure a modified or classic car; who will offer
insurance cover?
Yes, you can insure a modified car but because your car is a
specialist car, not all auto insurance companies might be
willing to provide coverage for it since it requires high price
replacement parts and also skilled labor if the car is involved
in an accident. Thus, you have to take a special car insurance
that is designed especially for modified and classic cars.
How can I cut down my car insurance premium?
If you wish to cut down on your car insurance premium you must
take care of a few things. Park your car overnight in the garage
rather than leaving it on the drive. Fit insurance approved
anti-theft devices; consider Third Party Fire and Theft for
older cars. Find out discounts offered by the insurance provider
when requesting quotes. Young drivers (under 25), who are often
charged extremely high premiums, should have an extra driving
course certificate.
What is 'excess'?
It is the amount you have to pay when you make a claim for the
loss or damage to your car. It can be voluntary or compulsory.
If someone else causes the accident you may be able to reclaim
the excess through the legal cover, which can be taken out with
your car insurance policy. Otherwise you lose the excess.
Voluntary excess is the amount
you agree to pay to the company.
It offers premium discounts. Compulsory excess is generally
imposed to young drivers. Because their risk factors are high
and the companies don't want to insure them. So, in order to
insure, they have to surrender with this payment.
What is legal cover?
It provides expertise and assistance required to recover
uninsured losses such as medical costs, loss of earnings and
excess payments where the fault was not yours. It is available
as an optional with most car insurance policies.
Can an insurance company cancel my auto policy?
Yes, you auto insurance policy may stand canceled if you fail to
pay the premium or if your consumer's license has been suspended
or revoked during the term of an auto policy. Also, if there is
a fraud or serious misrepresentation when completing the
insurance application, if the you are convicted to a crime, or
if changes are made to the property that increase the risk of
loss then the company may cancel your insurance policy.
About the author:
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/
where you will find information, news and links to the leading
providers of car
insurance in the UK.
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