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OAI: Nevada Auto Insurance Regulators Provide New Online Tool


Reno, NV, November 14, 2011 --(PR.com)-- A recently announced move by Nevada regulators to make policy forms from the state’s top auto insurers available online provides consumers with a valuable opportunity to check out the fine points of policies before they sign, according to Online Auto Insurance (OAI).

Trying to decipher policy details can be a daunting task for consumers. So the fact that the state Division of Insurance has posted forms used by the top 10 coverage providers on its website for consumers to read should be welcome news for Nevadans shopping for car insurance with no down payment or other coverage types.

Officials point out that the website features only those forms that insurers require all customers to sign before they are issued a policy, so some paperwork related to optional coverages is not included.

But free access to forms should help consumers feel more confident that they know exactly what the policy they’re buying covers—and what it doesn’t—before it comes time to sign the dotted line.

OAI points out that there are other considerations anyone looking for coverage should keep in mind, however.

For example, most states require motorists to purchase liability coverage, and in Nevada that works out to enough to pay for damages of up to $15,000 for bodily injury to one person, up to $30,000 per accident and as much as $10,000 in property damaged caused by policyholders.

Source: http://www.dmvnv.com/insurance.htm

But it’s a good idea to think about buying more than the bare minimum.

If you get into an accident and are found legally responsible for bills that exceed what your policy covers, you could wind up paying the difference out of pocket.

The Insurance Information Institute recommends paying for higher liability limits and purchasing an umbrella or excess liability policy, which pays for damages when your underlying coverages are exhausted.

Industry experts say consumers should also think about options including collision coverage—which pays for damage to a policyholder’s vehicle—and comprehensive coverage, which pays for losses caused by theft, storms and other natural disasters.

Consumers should consider factors other than just price in choosing an insurer, including financial solidity, quality of customer service and reputation.

To learn more about this and other coverage issues, readers can go to http://www.onlineautoinsurance.com/pay-monthly/ where they will find informative resource pages and a rate-comparison generator that can help users quickly evaluate their coverage options.

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Contact Information
Online Auto Insurance
Gregor McGavin
909-784-2475
Contact
http://www.onlineautoinsurance.com/

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