Insurance Issue

brwill2005 said:
Thomas- The way I understand my policy, I am covered for pretty much anything while the car is in my possession. The exception is terrorism because I declined the coverage.
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Not sure how you declined it. According to our insurance companies its a Federal Law that it be attached.
 
I am not in the insurance business. The agency gave me the option to accept or decline. I declined it because I felt it was not neceessary. I believe the law stipulates that the insurance company attaches it, but not that the insured must accept it.
 
brwill2005 said:
I am not in the insurance business. The agency gave me the option to accept or decline. I declined it because I felt it was not neceessary. I believe the law stipulates that the insurance company attaches it, but not that the insured must accept it.
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Who handles your policy? How much do you pay per year?
 
I got it through a local agency. The actual insurance company is Burlington Insurance Company. The first year I paid over $2000. The second year, with no claims, I paid aprox. $1400.
 
brwill2005 said:
I got it through a local agency. The actual insurance company is Burlington Insurance Company. The first year I paid over $2000. The second year, with no claims, I paid aprox. $1400.
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I originally received a quote from Burlington when I was doing the leg-work myself. I also received a quote from Nautilus but they were unable to insure me for enough. Shortly thereafter I hooked up with my broker and signed a policy paying about 20% less than B.I.C. quoted. My rates with SafeCo have dropped close to 15% each year, three years consecutive. HTH.
 
You guys should get a quote from a Travelers agent. Their the #1 commercial insurer in the country and I'll bet their competitive.
 
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