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Understanding Your Auto Insurance Policy

Have you been searching “cheap car insurance near me”? Neighbors Insurance Agency in Miami knows that before you sign on the dotted line, you must be sure that you understand all the parts of your auto insurance policy. There are many components that go into your insurance policy and you must make sure that you allow yourself time to read […]


Have you been searching “cheap car insurance near me”? Neighbors Insurance Agency in Miami knows that before you sign on the dotted line, you must be sure that you understand all the parts of your auto insurance policy. There are many components that go into your insurance policy and you must make sure that you allow yourself time to read it through so that you do not over or underestimate what it covers. If you would like to learn more about cheap auto insurance policies, contact us at Neighbors Insurance Agency.

Learn the Parts of Your Insurance Policy

      Declaration Page: This is the first page of your auto insurance policy and it provides you with general information regarding the plan. Typically, on this page, you will see your policy number as well as the length of the policy term and any limits you may have. It will also contain your personal information such as your name, the names of anyone else listed under the policy, your address, and any other personal information that may be relevant. Additionally, it will hold all the information regarding your car and any other cars listed under the policy. This will usually include the year of your car, the make, the model, and the vehicle identification number. If you had to take out a loan in order to purchase your car, it will also list the information about your lender.

      Insuring Agreement: This is the most crucial part of your auto insurance policy because it explains thoroughly what your insurance coverages are and any exclusions or additional expenses that may not be covered. Broadly, it covers what you are buying.

      Coverages: The coverages that may show up in your auto insurance policies will vary depending on what protections you actually purchased. The more common ones are the liability, collision, comprehensive, personal injury protection, and uninsured motorist coverage.

      Deductibles: Your deductible is the amount that you are going to be expected to pay before your policy can kick in. Know how much you are expected to pay before you can start filing a claim.

      Limits: This will tell you how much your insurance company is willing to pay for a particular claim. If the amount that you need to actually pay for a claim exceeds the limit, you will have to pay the remainder yourself.

      Insurance Endorsement: Your endorsement is an addition to your policy. This can include any changes or exclusions that you and your insurance company discussed.

Looking for “Cheap Car Insurance Near Me”?

If you are looking for “cheap car insurance near me,” Neighbors Insurance Agency is here for you. We offer cheap auto insurance at a price that makes sense with policies that are transparent so that you can understand exactly what you are signing up for.

Contact Us

Neighbors Insurance Agency is a cheap auto insurance company located in Miami. If you are looking for coverage for your car and you would like to work with a company that strives to serve their clients best, contact us today.