Clunker Auto Insurance

 

 

 

 

 

 

 

It is hard to escape the proliferation of ads on the radio and TV of discount insurance and ways to save money on auto insurance. The public is fooled into believing that all auto policies are the same and that somehow one insurance company has the advantage in saving costs. Well, just like there are clunker cars on the road there are clunker insurance programs as well being peddled to the trusting consumer. The fact is that all policies are not the same. The Insurance Services Office in Boston “ISO” has designed the best coverage and most companies subscribe to the ISO format. Some, however, do not follow the ISO guidelines and have introduced hidden exclusions in their policies. Some will deny coverage if you use your car for “deliveries”. Others may exclude coverage for drivers that haven’t been disclosed such as a child just out of college “temporarily” living at home. There are a myriad of situational exclusions that have crept into the non ISO polices that the average consumer will not detect-until it is too late.

So if you are shopping for auto coverage, the first question to ask is: “Is your contract an ISO Contract?” If they can’t give a definitive yes, shift gears and call a trusted independent agent.

The author of this blog, Guy Hatfield CPCU CIC, can be reached at 203.256.5660.

 

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