Archive for October, 2010
Customers Less Satisfied with Auto Insurance Claims Process in 2010
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The auto insurance claims process proves to be less satisfying in 2010 than the year prior, according to a new study from J.D. Power and Associates. Satisfaction declined five points on a 1,000-point scale to 837, but still saw a 19-point jump from the figures returned in 2008.
Why Auto Insurance Customers Are Less Satisfied
The main reason many customers were dissatisfied with the auto insurance claims process was because they felt the settlement portion wasn’t fair or equitable. The settlement portion included repair times, which increased by about a half a day in 2010.
Some other issues that arose regarding the claims process included first notice of loss, service interaction, rental experience and appraisal. O
Civil Engineers warn on flood defence spending cuts
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The impact of reduced public funding for flood defences will demand a more innovative approach to managing flood risk, the Institution of Civil Engineers (ICE) has warned.
Only £2 billion has been allocated by the Coalition Government for flood defence investment over the four years from 2011 to 2015, compared with £2.15 billion by the previous government, over the three years from 2008 to 2011.
David Balmforth, who leads ICE’s work on flooding comments: “While we welcome the Government’s recognition of the importance of maintaining the UK’s investment in flood risk management, we would have liked to see the level of funding more adequately reflect historical investment.”
The Institution is also concerned that current investment in addressing sewer flooding may not be maintained in future water company spending plans.
The Association of British Insurers (ABI) has already responded to the future flood defence budget, saying that a long-term plan to tackle the flood risk faced by the UK over the next 25 years is “urgently needed”.
The ABI has also pointed out that the Statement of Principles on Flood Insurance comes to an end in 2013.
The Statement was agreed between ABI members and ministers in 2007 and broadly contained a promise by insurers to continue to underwrite flood risks in return for investment in the UK’s flood defence network.
Are Drivers in Florida Required to Have No-Fault Insurance?
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- Owners of motor vehicles with at least four wheels that are registered in Florida are required to carry valid PIP insurance. This policy must be delivered or issued for delivery by an insurance company licensed by the Florida Department of Financial Services.
- According to Florida law, minimum coverage of $10,000 of personal injury protection and $10,000 of property damage liability (PDL) is required for all vehicle owners. Bodily injury liability insurance will pay for serious or permanent injury or death to others when the policy owner causes a crash with his automobile.
Requirements
Coverage Limits
Commercial Vs Van Insurance Policy
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Those who have light delivery vehicles know that there are many blurred lines when it comes to van insurance. If you use the vehicle for both commercial and personal benefit, it is hard to determine whether it should be insured for personal or business use. The premiums on different types of policies do vary. It is important to decide which type is best for you.
Business vehicles should be registered in the name of the business and would be required to be covered under business cover. The vehicle will then have to be registered in the name of the business. A sole trader is allowed to have the car registered in his own business. The key determining factor is what the car is be used for.
How To Find The Best Auto Insurance Rates
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When out on the roads today, a good insurance policy is a must. Not only does it protect you, it also protects other individual’s property in the event of an accident. No one wants to ever use an auto insurance policy, but it is comforting to know you are covered in case the unexpected should happen. Getting the right coverage is important, so it is good to know how to find the best auto insurance coverage without going through a lot of trouble.
If you sit back and think about it, the very first place everyone seems to go for advice is their best friend or a close family member. A situation such as this can also be solved rather quickly by asking those closest to you what type of insurance they have. Y