Monday, November 23, 2009

Increasing Premium

Now that flooding has taken with it thousands of vehicles in various cities, the rush is for the remaining vehicles as well as brand new models to get insurance quotes that has force majeure or so called “Acts of God” included in the policy. Of course, if ever insurers would cover such previous exclusions, the premium rates can be expected to go up. I think, initial feedback has placed the new premiums to be 25% higher than the previous. Whoa!

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