How Can You Get Car Insurance After A DUI?

No matter how expensive your insurance policies are, they cannot save you from paying fines due to traffic offenses such as speeding, careless driving, or DUI (Driving under Influence). A DUI ticket is considered a major offense since you put your life and everybody else’s into risk deliberately. You need to pay high fines depending on how serious the offense is. In case you are at fault in an accident when you are driving under influence of alcohol, you may get your driver license and vehicle registration suspended. Car insurance companies usually check your driving records before they can determine the next step. Insurers will consider the severity of the offense, your risk as driver, and economic demographics before they raise your premium rate, transfer you to high-risk class, or simply cancel your policy. Insurers will use those variables in different ways; some companies rank DUI a less of a risk compared to at-fault accident.

Providing coverage to high-risk driver is as well a risky business for insurer. They consider you a high-risk driver with a tendency to get involved or cause accidents. Once your policy is cancelled, you will need to find a new insurer which does provide high risk policy. Once again, depending on how serious the DUI is, you probably can still get cheap auto insurance quotes. A DUI at low speed as your drive from bar located not very far from your home will affect the driving record differently with a fatal accident at high speed while you are driving under the influence of alcohol or drugs.

How to get car insurance after my policy is cancelled?

There are some possible scenarios concerning your DUI ticket. Being pulled over and signing tickets are not admission of guilt. Please put in mind that you can always contest the charge in court at a later date. You can call an independent insurance agent to discuss how it will affect your insurance policy or rates. If your current insurance company cannot provide high-risk policy, it is best to find a new insurer who can. Nevertheless, you must try to fight the charge to get rid of the offense from driving record; clean records make it easier to find new insurer. Some considerations to put into account before trying to get insured again are as follows.

1. This is not going to be an easy process

As previously mentioned, some insurance companies cannot afford providing coverage for high-risk driver; this means you have very limited options. If you are proven guilty of a DUI offense, some big names in insurance industries may not even give you coverage for at least three years because DUI ticket will stay on your record for at least three years too. Before the ticket is removed, it will affect your car insurance estimate.

2. Contest the charge if possible

If the DUI offense is only considered a misdemeanor, not a felony, a good attorney will be able to reduce or even completely drop the charge so you can come out clean. The ticket will not appear on your record, and you can easily find a new insurer. Clean record is an indicator that you are a safe-driver or the preferred class of insurance customer. It should be easy for you to get affordable car insurance from any company. When the charge is reduced, the record is likely to appear on the record anyway. As a consequence, you will pay less expensive fines, but your insurance rates will likely to increase.

3. Accept the consequences and take punitive actions appropriately

The most common restitution is paying fines or conducting community services. There are plenty of community services such as diversion program, taking driving courses, etc. DUI ticket is an addition of the actual reason you are pulled over by an officer, so you have to pay fines for every offense accordingly. You need to know about SR-22 form as well. SR-22 is a form used as a proof of insurance. It is issued by your insurance company to verify that you are indeed insured. SR-22 is only required in DUI case, your license gets suspended due to any reason, you are at fault in accidents, or you are caught driving without insurance.

Use a car insurance calculator online to compare premium rates from company to company, but you need to use a calculator that has driving record as a variable. If your policy is cancelled completely by your current insurer, your best bet is to find high-risk insurer to provide coverage. Some of the big names you may want to consider are Geigo, Progressive, and The General Insurance. Note, however, you have to pay high insurance premium rate. Any of them will give full coverage auto insurance, but you have to pay higher premium rates considering you are now high-risk driver. You may get to pay cheaper when the driving the record is finally cleaned.

Signs of a Quality Insurance Company

The insurance company you choose to protect you from loss in the event of an accident or situation needs to be a trustworthy one. Know what to look for as you analyze and examine different companies and policies to ensure that you choose the right coverage.

Positive Ratings

Rely on the assessments of the rating companies, whose purpose is to analyze the quality and financial wellbeing of insurance companies. Check the rating of any insurance company you are considering. As you check ratings, compare them to learn which business has the highest rating. Higher ratings have a direct correlation with the solidity of the business and the services provided. Higher ratings also indicate entities with more solid financial standings for paying out claims.

Business Longevity

Examine the length of time a business has been operating to get an indication of the quality and reliability of its services. A newly formed entity may not be able to offer customers the same reliability and performance as businesses that have been around for many years. A recent purchase and transfer between insurers could indicate that the new owner is undertaking positive growth.

Customer Service

The services provided to customers by an insurance company will be an important indicator of quality. Optimally, customers should be able to reach representatives in a variety of ways, such as by phone, online chat, and email. The response times to customer queries should be relatively short to ensure that all questions and concerns receive a speedy resolution. Customers should also be able to reach a representative around the clock and on weekends and holidays for emergencies.

Coverage Policies

The policies provided should meet your needs, with cost effective premiums, affordable deductibles, and terms that meet your coverage needs. Compare policy terms between different corporations to ensure that you choose the policy that fits your budget and needs. Explore the claim-paying process to find out how the business investigates claims and the typical time period for payment on a claim. Find out the rate of claim refusal, also, so you know the average pay out statistics for the insurance company.

Reviews and Complaints

Learn about reviews and complaints recorded by other customers to find out potentially positive and negative information about the insurer. Find positive and negative reviews on websites that allow consumers to record their experiences for other consumers to read. These reviews may provide surprising information about an entity that could lead you to decide not to choose them as your insurer. You might also learn positive information about the way a business takes care of its customers. Optimally, the corporation you choose should have very few or even no complaints lodged against it from other customers.

Once you gather extensive information about a company, you will have the data you need to choose a quality business for your coverage needs. This will enable you to put your trust and confidence in this corporation, knowing that it will assist you financially if you need it.

Life Insurance Purchase – Online vs Offline

Purchase of life insurance can be done from an insurance agent (offline) or online. Although the latter form is becoming increasingly becoming popular, many people are still skeptical about how reliable and safe it really is.
If you are one among such people, these comparisons between buying insurance from an agent versus buying it online will help you decide which mode is best suited for you:

Online Insurance Purchase – Benefits

Ability to Draw Comparisons

If you buy life insurance from an aggregator, you can easily compare between the best of all policies. You cannot get this benefit when buying insurance from agents, they will insist you buy yourpolicy from their company.

Reaching Out to a Brand

When you buy insurance online, you are reaching out to a brand, a fully functional company who will be accessible to you 24/7. Agents on the other hand could be unreachable or may go back on their promises, whereas companies functioning online cannot afford to do so.

No Fraud

While purchasing insurance online, you can log on to the company’s website and directly go through the policy’s terms and conditions in full detail. You could even take screenshots or keep printouts. This significantly reduces the possibility of frauds. On the contrary, when purchasing insurance from an agent, it is quite likely that the agent manipulates the terms and conditions to try and influence your decision in his/her company’sfavour. Severalcustomers complain to insurance companiesabout their disappointment stemming from unusually high expectations that their agents’manipulated terms and conditions create.

Cost and Sum Assured

Most online life insurance plans work out to be almost 30-70% cheaper compared to their offline counterparts. This is primarily because no agents are involved, thereby eliminating agent commissions/intermediary costs.

Also, in online insurance purchase, the average usually sum assured tends to be higher, because of thelower costs overall and zero mortality risks.

Claim Settlement Ratio

When you purchase online term insurance, you first see the claim settlement ratio page. This helps you understand which company to buy the policy from. On the other hand, in case of offline insurance purchase, one has to depend on the agent to furnish true information about the company’s claim settlement ratio. Most often, agents will try to hard sell the company they work for, irrespective of how good or bad the claim settlement ratio of that company is.

Flexibility, No Room for Errors

The online insurance purchase mode offers higher flexibility and a wider range of options to help you choose your life insurance plan. However, since an agent is not there to guide you, you need to do your own research while buying a policy online. This could be a blessing in disguise as in the offline mode, you may blindly trust the agent and leave it to him to the fill the form on your behalf. There have been instances when agents have misplaced customers’ information while filling forms or made mistakes in the forms, either intentionally or erroneously. Such mistakes could turn out to be very costly during claim settlement.

Offline Insurance Purchase – Benefits

Sum Assured

The higher sum assured in online insurance policies can sometimes be an eyewash and just a marketing tactic of insurance companies. It is common to see a company claiming that you can get an INR 1 crore life insurance plan for just INR 500 a month. Usually, customers are tempted to purchase such a high cover even if they do not really require it. This is where an offline insurance policy purchase could be a more reasonable choice.

Rider Benefits

Online term plans only offer death benefit, and accidental death coverage is offered at an additional premium. However, online plans usually do not offer riders like critical illness coverage, accidental death benefit, Permanent Disability Benefit, etc.

How to Decide

If you do not feel confident enough to opt for online insurance purchase, start by checking details about the policy online. Most insurance companies have toll-free numbers that you can call on to clarify your doubts and queries. After getting your clarifications from all the available sources, you would have a clearer picture, which in turn will put you in a better position to take a more informed decision.

You may also like to read : Buying Life Insurance Online? Avoid These 4 Mistakes

Concluding

Convenience in the overall buying process, quick access, lower premiums due to lesser operational costs, less paperwork, higher transparency, ease in payment and renewal – for all these reasons, the online mode of insurance purchase wins over the offline mode of buying through an agent.

However, irrespective of the chosen mode, it is advisable that you work out the correct insurance amount you require before going ahead and purchasing a policy. Also ensure that you honestly declare all details about your personal and family health history – even if this means you need to pay a slightly higher premium, it is worth it.

Does Your Business Need Cyber Insurance?

The prevailing thought among data security experts is that no matter the size or scale of your business, a data breach is inevitable. In fact, there’s a good chance your data has already been compromised and you don’t even know it.

A scary thought for sure, but it doesn’t make it any less true. And as the world becomes more connected and data thieves become more adept, the need for data security will only increase. While it’s easy to feel as though you have little to no control over this situation, there is a relatively painless step you can take to increase your digital protection: purchasing cyber liability insurance.

What is Cyber Liability Insurance?

Cyber liability insurance covers the first- and third-party risks associated with doing business online. It covers privacy issues, internet-related instances of intellectual property infringement, viruses or any other issue that may be passed along via internet connections.

Who Needs Cyber Insurance?

In truth, anyone that hosts a website that interacts with the public at large is a candidate for cyber liability insurance. This includes commercial businesses and website publishers. If you conduct even a portion of your business online or ask customers to trust you or a third-party vendor with their information, you should seriously consider purchasing cyber insurance.

What Does it Cover?

Cyber liability insurance actually covers quite a bit. Similar to other types of business liability insurance, it can cover lost sales due to business interruption and the cost to notify customers of a breach. This is especially important for small businesses. If you only have one line of business, and that business is shut down due to a data breach, then that breach can potentially shut your doors. With cyber liability insurance, you’ll have cash at hand to keep your business running until you can resume normal operations.

I Already Have Business Liability Insurance, So I’m Covered, Right?

No. Standard business liability insurance policies don’t cover cyber liability, and that probably won’t change any time soon. Policies and procedures surrounding digital communications change so rapidly that many standard liability insurance companies don’t feel comfortable rolling cyber liability under the same umbrella.

It is possible that the same company you have your business liability insurance with also offers cyber liability coverage, so it’s definitely worth asking about. Multiple policies with one agency often come with a discount, which can save your business money.

What Happens if I’m Not Covered?

In general, without cyber liability coverage, you and your organization are solely responsible for any data breaches and information leaks, including loss of business, communication with customers, an investigation, lost information retrieval or crisis management. Additionally, if any of your customers decide to sue you for jeopardizing their data, you would be responsible for all of the court fees and settlements.

All of Our Customer Data is Handled by a Third Party, So it’s Not My Problem

Unfortunately, it is. If you are asking for information and then storing that information with a third party or in the cloud, you are still legally responsible for keeping it safe. While it’s in the third party’s best interest to protect that data, no data management system has proven impenetrable to security breaches, so no system is infallible. Having cyber liability insurance will at least protect you if your third party host suffers a breach.

My IT Team Handles All of This, Right?

Unless your website is only visited by a handful of people every day, expecting your IT department to be on top of any and all data vulnerabilities and the latest in security protocols is unrealistic. While Fortune 500 companies might have IT departments specifically dedicated to risk assessment, most small businesses can’t afford that. Cyber liability insurance providers can and often do provide a risk assessment function, whereby they review your policies and procedures and work with you to reduce your risk.

In today’s interconnected world, it’s almost impossible to conduct business without using the internet. As a result, the risk associated with data storage and intellectual property has increased and continues to do so. You don’t want to find yourself in a situation where you need cyber liability insurance and don’t have it. Take a close look at your company’s online footprint to determine if cyber liability insurance is right for you.

Insurance is important, but your first line of digital defense should be internal preparation. To help you start, here are eight ways to appropriately react to cyber security concerns.