Tennessee Cheap Auto Insurance
Ameriagency Rules Tennessee Cheap Auto Insurance
Misconception #1: “It is okay if you do not pay attention to a cancellation or non-renewal notice. Insurance companies send those letters out all the time. It is just a scare tactic.”
Fact: Cancellation notices and non-renewal letters are very serious matters and should be taken as such. Policyholders who are chronically late paying their bills may think the letter is just a bill reminder that they can ignore, but that is not always the case. Any time you receive a cancellation not related to billing or non-renewal letter from your insurer, the best thing to do is contact your agent immediately to see if there is anything that can be done to save your policy.
Misconception #2: “I have been with my insurance company for over 20 years. They will never cancel my policy.”
Fact: While there are occasionally perks to being a long time customer with an insurer, it is rare that loyalty can spare you from the harshest insurance guidelines. Even if you have been insured through the same company for over a decade, a total loss fire claim will probably result in a non-renewal letter immediately after your claim is settled.
Misconception #3: “I did not do anything wrong, so I do not have to pay the deductible. Only people who are guilty of something have to pay those.”
Fact: Whenever you file a claim on your insurance, your deductible applies. It does not matter whether an accidental fire or a tornado that was completely out of your control caused the damage. A deductible is the amount of money you are contractually obligated to pay when you use your coverage and almost always applies.