When you shop around for insurance products for your dealership, be aware of red flags. Here are some signs that you might be dealing with a dodgy insurance carrier. If you encounter any of these instances during your dealings, do your business a favor, and walk away.
Little to No Communication
Lack of communication is alarming. If you haven’t picked the company yet and they ignore you, send replies only after a few business days, you’re wasting your time. Look for a more trustworthy dealership.
Lowball Offers
Your goal is to find an affordable insurance for auto dealers. However, if the offer is too good to be true, it probably is. You might not be seeing the big picture. The company might be keeping something from you, too. Don’t fall for those lowball offers and consider reasonable rates instead.
Reviews
You learn a lot about a company through consumer reviews. Does the company have unreasonable documentation demands? Is that mentioned anywhere in the reviews? The best insurance carriers work hard to make every step of the process easier for you, especially when it’s time to file a claim. If the agency has a reputation for making things difficult, that’s not in your favor. You’ll want to trust a different insurance company, one that prioritizes ease and convenience for its clients.
Denied Claim
An insurance company has the right to deny your claim. But if there’s been talk that the firm often denies claims for no reason, switch to a different carrier. Going over reviews can also help you gain information of this sort.
Failure to Pay
Has the company ever failed to pay in the past? That’s why it’s a good idea to check the company’s background and track record. That way, you can be sure if the firm already has any experience in the field. That can help you decide which insurance product is best for you.
