Saturday 23 June 2012

Be Honest with Your Insurance Agent

When purchasing an insurance policy, you need to be absolutely honest with the agent or company when providing information about yourself or your family. An insurance policy is an agreement made in good faith and is a contract between you and the insurance company.

i. Inaccurate information may lead to invalidation of your policy:
If you provide inaccurate information to your agent when they are writing the policy, there’s a chance that the policy will not be valid. Not telling the truth about violations, the description of the car or anything else could void the policy or cause a claim to be denied.

ii. Accuracy of information determine the best price or policy:
Without accurate information, an insurance company cannot determine the best price or policy for an individual. It is in the individual’s best interest that all information provided is truthful and accurate so that the proposal and pricing that comes back is also accurate.

Being honest with insurance agents saves everyone time and frustration in the long run. Pricing is accurate and any claims filed will go through smoothly without issues.

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