Auto Insurance Quotes In Under 5 Minutes - FREE!
logo
Finding Cheap Auto Insurance in is Only a Few Clicks Away!
Users Rating : 0 out of 5 based on 0 ratings.
How Are We Doing?
  
  Are you insured? Yes No

Affordable-Auto-Insurance-Quotes.net is pleased to present the following article related to...

Geiko Auto Insurance

Auto Insurance And Hurricane Katrina: Replacing What Was Lost
By Joshua Miller

(ContentDesk via ContentDesk Direct) September 14, 2005 -- As relief efforts from Hurricane Katrina begin to clean up the devastated Gulf Coast region, estimates are beginning to trickle in regarding the numbers of lost vehicles in the Louisiana and Mississippi. The National Automobile Association is estimating that up to 10 percent of the registered vehicles in the states of Louisiana and Mississippi were lost to the hurricane and flooding. The losses are estimated to be around 466,000 vehicles -- or over $1 billion in damages. Many people in the affected areas are concerned that the insurance industry may not have the financial resources to pay the claims from Hurricane Katrina damage. However, the Insurance Information Institute reports that "the insurance industry has the financial strength and human resources to pay the claims from Hurricane Katrina …all covered losses will be paid fairly and quickly." The debate is still out as to whether or not insurance rates will rise. Donald Light, senior analyst for Celent, told USA Today that rates could increase between 5 and 10 percent.

However, other experts like Robert P. Hartwig of the Insurance Information Institute told the Washington Post that the increases will most likely be limited to high-risk areas. Thousands of insurance adjusters are making the move to the affected areas to begin assessing the damage. The process is moving along as best as possible, even though the adjusters only have access to certain areas and face hurdles like lack of power, phones, housing, and fuel. However, they are continuing to move forward, and are poised to enter more affected communities as soon as the areas are cleared for entry by the authorities.Meanwhile, those affected by Hurricane Katrina are now facing another hazard -- the fraudulent sale of vehicles damaged by the floods and winds.

Robert M. Bryant, CEO of the National Insurance Crime Bureau, states that there are a number of "unscrupulous" salvage operators that will try to sell vehicles damaged by Katrina to unsuspecting buyers. Therefore, there are a number of authorities in Louisiana and Mississippi trying to catalog vehicles so that they will not be fraudulently sold to unknowing consumers in the future.At the same time, thousands of people are beginning the claims process for their automobiles and homes that were damaged by hurricane Katrina. And many experts are using this catastrophe to teach people about and filing claims. Insurance Savings, a free online insurance quote and information website, boasts a number of articles about auto insurance, disaster preparedness, and how to file a claim to help consumers and victims of Katrina, disasters, and other accidents. Insurance Savings has a number of helpful articles and resources available for people to learn how to file claims and avoid fraud after a disaster.

Visit Insurance Savings at http://www.insurance-compare-save.com/ to find out more about insurance and even where to donate for disaster relief. Up to date hurricane information regarding insurance can also be found on the Insurance Blog at http://www.blog.insurance-compare-save.com/. Contact: Joshua Miller 305-505-4308.



We hope the above article related to geiko auto insurance has been helpful to you. Here's some more of our recent auto insurance articles you may find of interest...
Finding Cheap Car Insurance
By Robert
Car insurance may be mandatory, but you do not need to be burdened by paying more than what you actually have to. Cheaper car insurance doesn’t necessarily mean Read more...
Why Bother With Farmers Auto Insurance?
By Peter Crump
Farmers auto insurance is a very large insurance company that offers all types of coverage including car insurance. The insurance policies cover many things concerning insurance on vehicles. There Read more...
Car Insurance 2
Car Insurance is something, which is very important if you are buying a new car and want to protect it from future accidents. One can buy this Insurance from almost any kind of financial institute, Read more...


ENTER ZIP CODE
  Are you insured? Yes No