According to Agustín Prats, insurance consulting producer and reference of the PRATS Group, these are among the most common – and most expensive.
1) Choose an insurer with payment problems.
Nowadays, many companies take months to pay because they are having financial problems. Some pay for a total theft within 90 days, others don’t pay at all because they are essentially bankrupt.
Authoritarians don’t like that
The practice of professional and critical journalism is a mainstay of democracy. That is why it bothers those who believe that they are the owners of the truth.
“Many people choose an insurer because they have seen them on TV or because the name is familiar. The problem is that this does not guarantee anything,” explains Prats.
2) Choose a cover with “fine print”
You may be in good company, but it’s no use if your insurance coverage doesn’t work. There are policies that cover, for example, the theft of a single bike per year. If two are stolen – which is quite common – you end up paying the difference.
Something similar happens with crystals. Some plans only cover the windshield and rear window but leave out the side windows. They’re details that seem insignificant…until it happens to you and you realize you weren’t as covered as you thought.
3) Do not declare accessories
Companies pay based on original factory equipment. Everything that is added later – tires, special coverage, tinting – must be declared in the policy. If this is not the case, there is no discussion: no payment will be made in the event of an accident.
4) No declaration of CNG devices
It is one of the most serious errors. If the car had gas equipment and was not specified in the policy, the insurer may refuse to pay in the event of a total loss, since it is a riskier vehicle that was not taken into account when taking out insurance.
5) Rent without professional advice
When insurance is taken out directly with an insurer or bank, without the need for an advisory provider, it is common that no one can explain exactly what is being taken out. And if something happens, the insured does not know how to behave and there is no turning back from mistakes.
A good insurance professional is not there to sell. It is there to explain, check insurance coverage, accompany and respond if there is a problem. Also look for better options, benefits and insurance coverage for each case.
The underlying error
“Insurance is useless, they always try not to pay,” is a frequently repeated sentence. Generally it occurs after a bad experience, often linked to one of these errors, says Agustín Prats.
Not all insurance is the same and not all policies are well written. The difference lies in the advice and that security is more important than the price. “This is one of the commitments that we want to keep,” he concludes.
Contact:
Instagram: @grupo.prats
pratsproductoresdeseguros.com
(email protected)
About The Author
