Insurance Myths and Facts

We would like to share details regarding insurance myths for the benefit of our customers. As a best insurance company in Calgary downtown we are committed to address all queries that our customers may have and enable them to get relevant information. Following is a brief information about the myths and facts of insurance, knowledge of which would be of benefit for the customer.
Auto Related Insurance

MYTH: If somebody is injured in an auto collision, the medical expenses are paid for by the provincial or territorial government’s health care plan.

FACT: Auto insurers pay more for medical rehabilitation costs in Canada than government health insurance plans, workers’ compensation plans and private health-care plans combined. Insurers pay through the accident benefits portion of auto insurance policies, the tort system and health care levies.

MYTH: Insurance companies keep changing the rules on what is and isn’t covered.
FACT: Auto insurance is highly regulated by provincial and territorial governments who set the rules and regulation and Insurance companies cannot change basic coverage or premiums without government approval.

MYTH: Being caught driving without a seatbelt is not dangerous not affecting the value of insurance premium paid.

FACT: While you do not pose a danger to other drivers when not wearing a seatbelt, you do pose a serious hazard to yourself. If there is a collision when you are not wearing a seatbelt, you are much more likely to sustain injuries. Your insurance company pays your medical expenses. This is why your insurance premiums may increase if you are caught driving without a seatbelt.

Queries Related to Premiums and Claims

MYTH: It’s difficult to get paid for a claim.

FACT: Home, auto and business insurers got paid a large amount on timely basis with insurance companies making the payment to help individuals and businesses get the care they needed, replace lost income, and repair the damaged items and other property.

MYTH: You are likely to get less than you asked for, hence solution is to inflate the claim.

FACT: Raising the insurance claim is not a solution it rather a crime. Insurers are likely to make the payment for your losses according to the policy terms, levels of coverage, and other factors. It is also the duty of the adjuster to review your receipts and other details to ensure that you have received the apt amount, value and service. Making this sort of crime is likely to increase your claims costs and, ultimately, will end up costing more in the form of increased premiums, and will be a hassle for everyone.

Hopefully aforementioned explanations will be of benefit to you when you are planning to go in for an insurance. There are many insurance companies in Calgary and we claim to be a company that tries to provide best services to the customer, educate the customer about all aspects of insurance and create a comfort factor. We have satisfied customers and sure of meeting the expectations of the new customers in all their insurance needs.