Automobile Insurance Sci362

Running head: AUTOMOBILE INSURANCE Automobile damages Monique Beltrami Week 2/Individual November 19, 2008 Dr. Richard Dominguez Automobile Insurance As we think about ethics and favouritism people within the economy should think about gondola car indemnification and the things that are compulsory and offered. Automobile policy is required of anyone who drives a motor vehicle, yet the insurance industry has do it harder and harder to get policies. The consumers/clients of insurance agencies can view certain companies as discriminatory or unethical. Discounts and reference book checks are two items that whatever insurance agencies require and offer that can be sensed as discriminatory. Insurance Agencies Automobile insurance is required by law for any citizen whom operates a motorized vehicle in the United States. If you own a car, auto insurance is not just an optionâ€"it is a legal necessity (iii, 2008, ¶ 1). many understand the importance of automobile insurance but does the insurance industry understand the importance of a client receiving insurance? Does the government understand that some reasoning of the consumers not keeping insurance lies within the insurance agencies hands? Credit Checks numerous insurance agencies check consumers doctrine prior to them receiving the insurance.

Checking the consumers credit ratings dampers many consumers abilities of insuring their vehicles. Many insurance companies state that credit checks do not affect the amounts of their premiums but this is not accurate. actuarial studies show that how a person manages his or her financial affairs, which is what an insurance score indicates, is a good predictor of insurance claims. Insurance scores are used to help insurers differentiate between lower and higher insurance risks and thus charge a premium equal to the risk they are assuming. Statistically, people who urinate a poor insurance score are more than likely to file a claim (iii, 2008, ¶ 1). Many consumers pick out had financial problems... If you want to get a full essay, enact it on our website: Ordercustompaper.com

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