Motor insurance, whether for BFG / military personnel or any other customer, is a constantly changing insurance product (benefit and premium wise) and should be reviewed on a yearly basis! Whilst other agents like to advertise their car insurance products with the words experience, cheap and at all times comprehensive we at ERICON broker let actions speak louder than words.
Experience... is very important but how much experience should your broker really need for a simpler insurance product like car insurance? 10, 20 or even 50 years... Well to answer this question one just needs to look at the constantly changing Terms & Conditions for car insurance, with providers always out on the prowl for new customers. Insurers are frequently improving their tariffs by introducing even higher insured sums or extra (often pointless) benefits. Reading just these few examples you will have already worked out where we are heading... ... an up-to-date broker will unquestionably be able to give more precise and professional advice on benefits and exclusions than, let us call a spade a spade, the broker with bags of experience but its staff lacking compulsory qualifications or real knowledge on the product they are selling.
Cheap... is also good and we all like the best deal. However cheap has its pitfalls, especially with insurance!
There are only 3 real reasons why an insurance company will offer motor insurance cheaper than the competition:
Comprehensive... this wording of "overall coverage" has various interpretations amongst the numerous companies but should include the following benefits to meet the requirements of real comprehensive car insurance:
the premium will not increase on renewal should the regional- or type-classes increase or because of general claim- and cost-development inflation.
Offers uncomplicated help in the event of sudden emergencies caused by breakdowns or accidents.
The insurer dictates the workshop where the car is to be repaired and in return discounts the casco-premium by a fixed percentage. Depending on insurer, discounts can be as much as 30% and the following conditions/ benefits are common in today's market.
Should the person decide to visit a garage of own choice the insurer will reduce reimbursement by a fixed percentage and before deducting a possibly agreed deductible.
When choosing a more-valuable product, glass repairs are usually exempted!
Hence, the customer can still visit well-known workshops such as Carglass, Euromaster, junited-Autoglas or Wintec without preauthorisation from the insurer.
Not even with fully comprehensive cover do German motor insurances insurer all imaginable cases.
Commonly excluded from insurance coverage are:
Apart from just assessing the human-risk using the following personal parameters
The actual main risk German insurers are interested in is the actual vehicle. Therefore, the following factors play a more important role.