Although the media shows that lending and investment institutions are the only company shaky on the ground as a result of the credit collapse, the aftershocks of this event are felt in all sectors of trade, including car insurers with less than AAA S & P rating. While waiting for the third quarter earnings reports, which may reveal the insurers, who will have difficulty meeting their financial obligations, CarInsuranceList.com added a section on "Assessing the financial health of your Car Insurance Company to its existing car accident statistics, insurance, car research articles, Auto insurance quotes, insurance company and opinion.
"Nobody can keep up with all this confusing and frightening without the help of financial news," said Jon Davidson, CEO CarInsuranceList.com. "We are all trying to make the best decisions we can save money, and protection against future disasters. Something like your car insurance company bankruptcy may be the fact that a small headache, simply do not need now."
In the case of bankruptcy of the insurer, policy holders should contact the company to find out the status of their individual coverage and the company itself. Confirm that the information on the state department of insurance. Find out which insurer has been assigned to cover the policy and immediately talk that the rescue company and negotiate the terms of the new policy. If you have a claim in progress, make sure that "a state guaranty association will cover the payment.
"These safeguard measures self-employed are not complicated," Davidson said, "but a majority of policyholders will never have the need to learn how to cope with the situation of bankruptcy, or do not know that almost all states have mechanisms in order to cover insurance claims in case the insurer will power. "
Although it is possible that insurance companies will be entitled to sick to receive parts from 700 billion U.S. dollars aid package adopted by Congress in September, there is, as yet there is no guarantee of that fact. "It is better to learn now how to protect yourself and your credit score if your insurer is in financial trouble," said Davidson ", before their pain becomes the pain."
Specialized divisions such CarInsuranceList reflect a commitment to educating readers, as well as to provide them with many cheap car insurance quotes. The request for quote matches a user with an area of the company prepared to meet the requirements of the State for a good price. In addition, readers will find articles on the statistics of automobile accidents, defensive driving, and with "how to" information on topics such as avoiding ROAD RAGE.
The new material is added regularly to all sections of the CarInsuranceList.com. Editors welcome and invite your questions, comments and ideas. Send e-mail to: editor@carinsurancelist.com.
Jon Davidson information contact CEO and President CarInsuranceList.com Santana Towers 3031 Tisch Way, 7th Floor San Jose, CA 95128 Ph 408-554-8990 Fax: 408-554-8996 E-mail: E-mail
SOURCE: CarInsuranceList.com
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