Theft Insurance

If you suffer from sticker shock every time you open up your auto insurance bill, then it’s time to consider ways that may help reduce the cost. Quite simply, being a good driver is one way to pay less for insurance. Insurance companies generally look at the past three years of your driving history. A minor traffic infraction can potentially impact your rates. The type of car you drive also plays a role. If you’re shopping for a new car, call your insurance agent and get an estimate of what your premium might be. If the car has a low risk of theft and has the latest safety gear, you may get a break. Other ways to save: most companies offer multi-policy discounts if you have the same company carry more than one of your insurance policies; students may be eligible for “good student” discounts; and you can raise the deductible, which is your out-of-pocket expense on a claim.

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This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on June 17, 1996. The length of the article is 962 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: BMW South Africa has responded to the perception that its cars are often stolen or hijacked by offering free insurance against such events. The company has been battling what it considers is a mistaken notion shared by the public and insurers that BMWs are high risks for theft and hijacking. Its own study found that cars with the BMW locking mechanism were never stolen, but offered the insurance to convince the public. As of April 1996, only one claim had been made on the policy since its inception Jan. 1, 1996.

Citation Details
Title: BMW providing theft cover free through captive vehicle.(BMW South Africa, auto theft insurance)
Author: Lisa S. Howard
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: June 17, 1996
Publisher: The National Underwriter Company
Issue: n25 Page: p13(2)

Distributed by Thomson Gale

BMW providing theft cover free through captive vehicle.(BMW South Africa, auto theft insurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

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