• Vehicle Insurance

    Car Dealership F&I Menus Now Offer Vehicle Insurance

    A vital part of buying a car – insuring it – usually occurs late in an auto dealership transaction. But it’s now done earlier (and quicker) with a digital platform offered by DealerPolicy, which is part insurance agency, part technology company that represents 40 major insurers. “The agency is the underbelly, and above that is a tech layer,” says DealerPolicy CEO Travis Fitzgerald. “We’ve written more than $200 million in gross-rate premiums. “We embed our tools within systems (such as digital F&I menus) and harness the data to provide quotes from carriers,” he tells WardsAuto. “We have hundreds of licensed  

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  • Vehicle Insurance

    DeSantis vetoes proposed No Fault Motor Vehicle Insurance law in Florida

    TAMPA, Fla. (WFLA) — Florida Gov. Ron DeSantis rejected a bill that would have revised motor vehicle insurance coverages in the state. The bill would have required every owner and registrant of a motor vehicle in Florida to have personal injury protection coverage to drive. Josh Duggar child porn trial continued to November; TLC cancels ‘Counting On’ Senate Bill 54, simply titled “Motor Vehicle Insurance” would have mandated drivers have coverage for bodily injury or death coverage in a crash, with a $25,000 coverage cost, and also subjected that limit for one person to $50,000 if two or more  

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  • Vehicle Insurance

    Illinois’ Electronic Vehicle Insurance Verification Program aims to crack down on uninsured drivers

    Springfield, Illinois (WMBD) —Vehicle owners who fail to prove insurance under the Illinois electronic verification program will be charged a $ 100 reinstatement fee. Secretary of State Jake Carter said the state’s mandatory electronic insurance verification program will come into effect from 1 July. Auto insurance companies and the Secretary of State are working together to verify auto insurance electronically. In most cases, electronic verification of car insurance is processed automatically, so the vehicle owner does not need to do anything. “My office has led efforts to establish and implement an online car insurance verification system that can help reduce  

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  • Vehicle Insurance

    Third Party vs Comprehensive Coverage in Vehicle Insurance: Which is Better?

    Representative image/Pixabay Since a third-party motor insurance plan is mandatory to ply your vehicle on the Indians roads, there are fines for non-adherence to it as well. Insurance has also gained importance in India over the last decade with motor insurance accounting for 36.5% of the overall industry. This has also been expedited by the strict enforcement of mandatory motor insurance norms by the Government and the IRDAI. There has been quite a lot of changes in the norms in the last few years regarding third-party coverage and comprehensive coverage especially for new cars and bikes. Long term motor insurance  

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  • Vehicle Insurance

    Use NCB of old vehicle insurance policy to reduce new vehicle policy premium

    NCB is a benefit that accrues to the policyholder if no claims are made during a policy period. Hence, at the time of renewal, you get a discount on the premium (NCB benefit) which starts from 20% and increases up to a maximum of 50% over every claim-free period till 5 years. However, you must know that the premium discount can be claimed only on the own damage (OD) part of the comprehensive motor insurance policy. While renewing the policy, the NCB benefit is given to the motor insurance policy owner and not to the insured vehicle. The NCB is  

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