The best way to think of an insurance broker is as a matchmaker who tries to arrange a relationship between a customer and an insurance company. The broker does not work for the company or represent it, although he or she does receive a commission from the insurer for referring a customer to it.
If that wasn’t bad enough, the insurance coverage provided by Uber or Lyft only pays for medical costs for passengers or persons injured in an accident, such as another driver. The driver of the Lyft car might end up having to pay his or her own medical costs if he or she is injured.
Some insurers may offer a discount if you set up an automated payment. This also reduces the chance of cancelled premiums. The drawback is that you may have no control over when the payment goes out.
2015 Alfa Romeo Spider. It’s official: the legendary Alfa Romeo will be returning to American shores after a long absence in 2014. The last time a new Alpha was sold in the United States, Bill Clinton was in the White House.
Many of today’s young people grew up seeing their parents get nothing but frustration from driving, and they want nothing to do with it. That negative experience could be the auto industry’s biggest challenge.
Just as a company pays dividends on its stock when it makes a profit, a mutual insurer pays a dividend when it makes money. As with a stock, the dividend is only paid out when the company’s leadership decides to make the payment.