A lower monthly premium on your Bay Area, CA auto insurance policy seems great until you get into an accident and get hit with a life-altering deductible on your claim. Wai Cheng Insurance Inc. strives to get each of our clients the perfect level of auto insurance for their needs and their budget. That’s why we are here to help you avoid the pitfalls of having the wrong auto insurance policy.
1. Being Underinsured
Sometimes, people will misrepresent themselves when shopping for car insurance. This is great when it comes to lowering your monthly costs, but it can be disastrous down the road. You could end up being cited for fraud when you file a claim if you lied while acquiring your insurance policy. This could leave you underinsured or not covered at all when you go to file a claim.
2. No Gap Insurance
If you have a new car or a leased car, consider gap insurance. The last thing you want is the huge negative of being upside down in your car loan when your car is totaled. If you don’t have gap insurance, you could be on the hook for the difference in price as well as having to find a new vehicle.
3. Not Adding a Teen Driver
If you have a teen driver, be sure to add them to your auto insurance policy immediately. Teen drivers are high risk and could cost you thousands of dollars if they damage property or cause injury while driving your vehicle. Notify your insurance provider immediately if you have a teen driver in the household.
At Wai Cheng Insurance Inc., we provide high-quality insurance coverage and customer service to people in the Bay Area, CA. Contact us today if you are interested in learning more about how we can help you.
