When it comes to car insurance, there are a few key things that you need to understand in order to make an informed decision about what policy is right for you. We offer our clients a choice of car insurance quotes from top-rated carriers. We shop the market for you and present you with the best options available. Our team is here to help you understand your policy, answer any questions, and file a claim if needed.

Understanding Third-party Cover and Own Damage Cover

When you’re looking for car insurance, it’s important to understand the difference between third-party cover and own damage cover. Third-party cover is the most basic type of car insurance coverage. It provides protection against any damages that you may cause to another person or their property while driving your car. Own damage cover, on the other hand, offers protection against any damages that your car may suffer as a result of an accident, regardless of who was at fault. It’s important to note that not all policies offer both types of cover. So, if you’re not sure which type of cover is right for you, be sure to contact Moran Insurance.

Zero Depreciation (Bumper to Bumper) Cover

A zero depreciation policy cover protects your vehicle from any and all damages, even if the cost of repairs exceeds the value of the car itself. In other words, you can drive without worry, knowing that your car is fully covered in case of an accident. Most insurers offer some form of zero depreciation policy, but it’s important to do your research before buying one. Make sure you understand what is and isn’t included in the coverage, as well as how much it will cost. And keep in mind that not all policies are created equal; some provide more comprehensive protection than others.

Make the Best Out of the No Claim Bonus (NCB)

Things to Consider Before Buying Car Insurance

If you are looking to buy car insurance, it is important that you understand the no claim bonus (NCB) and how it can benefit you. An NCB is a discount that you receive on your car insurance premium for every year that you do not make a claim on your policy. The more years you go without making a claim, the higher your NCB will be. This can save you money on your premiums and could even lower your excess if you need to make a claim. To get the most out of your NCB, Moran Insurance will shop around and compare policies from different insurers for you.

Claim Settlement Ratio (CSR)

The CSR is the percentage of car insurance claims that a company settles. This number is important to know because it can give you an idea of how likely it is that your claim will be paid if you have to make one. A high CSR means that the company pays out more claims, while a low CSR means that they pay out fewer claims.

Some things to keep in mind when looking at a car insurance company's CSR: - How many claims the company has settled in the past year - The total amount of money that the company has paid out in claims settlements - The size of the company - a smaller company may not have as good a CSR as a larger one, simply because they haven't had as much experience settling claims When comparing different providers, it's important to look at more than just their CSRs. Remember to consider other factors such as premiums, coverage options, and customer service ratings. But if you're looking for a provider with a good track record for settling claims quickly and fairly, be sure to check out their CSR! Moran Insurance will help you look at different car insurance providers, compare their CSRs to see which one has the best track record for settling claims quickly and fairly. The Moran Insurance & Financial Solutions team is here to help you every step of the way when purchasing car insurance. We have office locations in Ponte Vedra Beach, Vero Beach, and Maitland, FL, so we can serve clients statewide. Our mission is to connect our client with an Insurance Program or Financial Solution that makes good business sense. Contact us today for a free consultation!