When You Make a Modification to Your Car or the Way You Use Your Car
On your insurance policy, specifics like the amount you drive, how old your car is, and whether you use your vehicle for personal or business use all impact your coverage. Claims you attempt to make could be denied if any of these elements change without your insurance company being notified. Your insurance company may deny your claim because coverage may be deemed insufficient. The following are all times where you should make changes to your policy:
- Switch car use from personal to business or business to personal.
- New Drivers in your household.
- Change in driving habits, it the amount you drive your car.
- Major car modifications to elements like engine, suspension, paint, brakes, exhaust.
While the amount you pay monthly may change, it is always better to have insurance you know covers your driving habits.
Information on Your License No Longer Matches Your Insurance Information
To file a claim with an insurance company, your license and insurance information need to match. So, naturally, if your name, address, or gender changes, you will need to inform your insurance company as soon as possible. That’s why when moving, it’s important to notify your broker so your policy can be updated.
Your Banking Information Changes
If your bank information changes, you need to update your insurance company so that your payments don’t decline. Declined payments could result in loss of coverage and issues further down the road including a policy cancellation for non-payment. Having a policy canceled for non-payment can impact your ability to secure future insurance.
If you are questioning whether or not you need to make changes to your insurance policy, the best thing to do is speak to your insurance broker. They will be able to provide you with the most accurate information in relation to your coverage and policy specifically.
When you insure with Leibel Insurance Group, you can easily make update requests from the palm of your hand with the MYLEIBEL app! Our award-winning service makes us the perfect choice for you when it comes to insurance. Contact Leibel Insurance Group today to learn more about the car insurance options available to you!
For Your Sake, Don’t Wait!
Find out how much you can benefit from switching today.