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A regular topic here at the InjuryBoard is the process of delay, deny, and defend that insurance companies use to reduce their costs. In the long run, it’s not unusual to hear that those savings are eventually eaten up by litigation and commonsense juries.

Another way to reduce rates is to provide less coverage. It is amazing how many new exceptions, exclusions, and downright deceptions we are now seeing in insurance policies. It tells you how vital a knowledgeable insurance agent is to you and your family when you buy your policy.

If you never use your policy, and all you do is pay premiums, then the lowest price will make the most sense economically.

The problem is, you don’t know when you will need to use it.

It is at that time that the amount or protection you bought will be tested. It is vital that your underinsured motorist (UIM) and Uninsured Motorist (UM) coverage provides you coverage in every situation and that there are no work, family, or other crazy exclusions which can prevent you from getting the coverage you purchased.

If you buy collision coverage, make sure that it does not give the company the right to use secondhand parts. Make sure it allows you to go to the repair shop of your choice. Make sure it gives you the coverage that you are asking for.

With your no-fault coverage (which provides for medical, wage loss, and replacement services), make sure it does not have deductibles. Make sure that it is enough wage loss to protect you when you need it. Also, make sure that you have stacking if you have multiple cars on the policy. This will double your benefits at a very small additional price.

It seems clear that these companies that are selling insurance over the internet and through brokers are really saving you money by providing you less coverage.

It is only through looking at your policy, and considering these issues, that you can ensure you have the protection you need and paid for.

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