RV/Car Insurance
I'll be taking possession of my 36" Dolphin this Friday. I will, of course, need to have insurance in place. I've received a quote, from Progressive Northern, for the RV only. This quote was arra...
Forum Discussion
IN another thread I talked about insurance and what one agent told me.
MOST insurance companies sell your policy to a re-insurer. So if a lot of that company's clients suffer insured losses, then that company's rates go up and so do yours.
Some companies do not do this (But it still holds that if a lot of their clients suffer loss their rates go up).
Back in the mid 2000's (like 2003 or 4) I was insurance shopping, Just for fun I asked AAA Michigan for a quote.. Their quote was the same price as several other companies I priced... With one small difference, it was a 12 month price where as the others were only six months worth of insurance, Same driver, Same car, half the price per month.. What's the difference.
AAA Michigan does not re-sell
On 09/11/2001, those re-insurers suffered tremendous losses, mostly in New York.. Very few AAA-Michigan clients were in NYC at that time, if any. (Though a good number showed up shortly after) Or so the agent explained it.
The moral of this story: DO the shop around,, Keep shopping.
MOST insurance companies sell your policy to a re-insurer. So if a lot of that company's clients suffer insured losses, then that company's rates go up and so do yours.
Some companies do not do this (But it still holds that if a lot of their clients suffer loss their rates go up).
Back in the mid 2000's (like 2003 or 4) I was insurance shopping, Just for fun I asked AAA Michigan for a quote.. Their quote was the same price as several other companies I priced... With one small difference, it was a 12 month price where as the others were only six months worth of insurance, Same driver, Same car, half the price per month.. What's the difference.
AAA Michigan does not re-sell
On 09/11/2001, those re-insurers suffered tremendous losses, mostly in New York.. Very few AAA-Michigan clients were in NYC at that time, if any. (Though a good number showed up shortly after) Or so the agent explained it.
The moral of this story: DO the shop around,, Keep shopping.
