My Beach Legal Info
Welcome to My Beach Legal Info!

Insurance Articles


What the Auto Insurance Companies Know About You?
By Grace Navas


American values have always given top priority to the right to privacy. But are you aware of the amount of information you unknowingly pass over to your insurance company, when you apply for auto insurance. Most of this information ends up in database companies who make profit out of selling information about you.

Your credit is what most insurance company wants to know. They use this credit data to decide about your auto insurance policy premiums. Use of this practice has expanded drastically because through your credit information they get a clear picture about your history with your previous auto insurer. Even before you approaching them they have already placed you in a category through which they will not end up in the loosing side. To be fair, they precisely know what type of claim you are likely to make and not to make and what is the best premium for you.

Every auto insurance company scrutinizes your credit history acquired from the database company and gives you a rank, of which you are unaware of. The rank will categorize you under preferred, standard or high-risk. Next they look is your payment history. If you are a timely payer you will move towards the preferred category. But if you have a bad history of payment then you move the opposite direction. This entire ranking, which takes place without your knowledge, is due to the information you have passed over to your earlier auto insurance company. An odd activity the month before you buy your new auto insurance will put you under the high-risk group. The odd activity might even stop an auto insurance company from selling you the policy.

ChoicePoint and the Insurance Services Office (ISO) provide auto insurance companies with all the necessary information they need. Your name, address, phone number, claims, credit report, criminal record if any, and the most curious aspect any auto insurance company would like to hear, your driving history. ChoicePoint has a database called Comprehensive Loss Underwriting Exchange or CLUE. The information they gather from your credit history, gives you a rank. When you apply for auto insurance, the company you applied asks for your rank and they immediately get the answer into what category you fit. The All Claims databases maintained by ISO, mainly looks into fraud. Unusual or suspicious behavior in your credit history will be notified to the insurer. They also maintain a record about the claims that have dragged on to courts.

Apart from this top auto insurance companies also have their own database. The government agencies of your state also have all the necessary information. If you are curious to know about your motor vehicle report you can approach your state`s department. TransUnion, Equifax, Experian are some of the companies who can provide you with your credit history. The CLUE report of ChoicePoint is also available but you have to pay for it. If you have any difference of opinion with the ISO`s All Claims report. You can acquire a copy and dispute it.

So, next time when you approach an auto insurance company keep it in mind that he knows a whole lot of things about you, which you are unaware of.

Ms.Grace Navas is an insurance agent and regular contributor to Super-Value-Insurance.com. Super-Value-Insurance.com helps consumers compare online insurance quotes.

Article Source: http://EzineArticles.com/?expert=Grace_Navas

For more information about this article and/or the author visit http://www.super-value-insurance.com

For more information, news and articles see:

Car Gap Insurance - Car Gap Insurance
...nce until recently. I suppose unless you buy a car on finance you might not know about such policies. As I understand it the car gap insurance covers you in the event of a car being stolen and never recovered or one that is deemed a total loss by the insurers. If you still owe money on the car to a finance company then the gap insurance will pay off the difference between what the insurer says the car is worth and what finance you have left on it. Some of the policies will even leave you with some money to use as a deposit on another car. It`s, probably something that many people would never even consider when they take a car out on finance. If the insurance company decides that the car is worth less than you thought it might be when it is deemed a total loss then you could have to stump up the money to pay off the bal...
Visit Car Gap Insurance...

Hgv Courier Insurance - Hgv Courier Insurance
... you would normally purchase for a delivery business. So there are now insurers who specialise specifically in more complex insurance policys, they are experts in business insurance; therefore they will be able to advise you on all your insurance needs, to make sure you are completely covered, leaving no room for mistakes. The following is a list of the specifications that you may need to include in any haulage insurance cover and what can be potentially covered with the correct policy: Legal liability for injury or death to any other individual, including any such passengers. Legal liability for damage to outside property. Legal costs can be fully covered with the Insurers consent, in connection with an insurance claim against your policy. Your own damage (subject to any excess). Vehicle replacement, in the event of an accid...
Visit Hgv Courier Insurance...

Gap Insurance - Gap Insurance
...ce is? I know that I had never heard about this type of insurance before until it was brought to my attention recently. The gap insurance covers the deprecation on a car in the event of it being stolen and never recovered. How does it work you might wonder and do you need to take it out if you have outstanding finance on the vehicle? Say you have ten thousand pounds worth of car finance on your car but when it gets stolen the insurance company says it`s only worth eight grand. It means you`ll have to find the extra two thousand pounds to pay off the finance company. If you take out gap insurance on the car, this amount will be covered, so you don`t have to find any additional money to pay off the debt. Most people buy cars and decide to keep them for a set amount of time so they know how much fina...
Visit Gap Insurance...

Courier Insurance - Courier Insurance
...els being sent might be quite costly or important. Losing such document or parcels can mean huge losses for some people. Therefore,Courier Insurance has become an important consideration for any one using mailing services. It is not uncommon for people to lose their mail before it reaches a desired destination. We make sure that your mail is covered sufficiently so that if you happen to lose it while it is on its way, you will be compensated. Many people may not see this as a necessary step until they experience a loss. So, why wait for it to happen to you? Get your insurance now and save yourself from huge losses. ...
Visit Courier Insurance...


Click For More Detailed Information on:
new legal pro info ::my cover pro info ::juridical to you ::my divorce legal info ::new cover 4 you info

Copyright © 2003-2012. All Rights Reserved.


Valid CSS!