The more you know about something, the more prepared you will be about it, and the better you can do to take full advantage about it. In the car insurance industry, local efforts to strengthen public knowledge about auto insurance policies are mobilized. If the public knows more about car policies, the more they can take full advantage of it.
Starting November, meetings with public officials in the state of New York have been initiated to plan programs on how to reinforce public knowledge regarding auto insurance coverage policies. Reports say that recent surveys conducted on New York policy holders reveal that a great percentage of them do not know the extent of their policy coverage and simply purchased what the state required. Interviews with New York policy holders all show that they have been too busy with their jobs to be able to afford paying insurance premiums. At the time they purchased auto insurance policies, required coverage levels seemed good enough so they did not bother asking much about it.
Indeed, the State of New York has one of the best car insurance coverage requirements in the United States. Car insurance in New York gives more than adequate protection to its policy holders, even though it is relatively more expensive when compared to other states.
Reports say that according to New York state officials, quality and extent of the coverage levels provided by the State is too good to be put to waste simply because motorists do not even bother to fully understand what a coverage policy can do for them.
In recent years, the number of reported road accidents and filed insurance claims in New York has been decreasing. New York state officials believe that this is a primary reason why the public neglect the importance of completely understanding a car insurance policy. According to few car insurance companies, agents often have to explain policy coverage completely to policy holders when they file claims. Reports from car insurance agents indicate that policy holders from New York who file claims are almost clueless about their insurance policies. Interviews with insurance agents show that although not being familiar with insurance policies is common for those who file claims for the first time, the case with New York policy holder is different, as if they were not present when they purchased auto insurance.
Meetings among New York public officials are scheduled to continue until the end of the second week of November, until they decide on a good plan to strengthen the public’s knowledge on insurance policies.