Anybody know anything about insurance?

I got a great quote (liability only) from an agent who went through the big auto insurance casualty company for my commercial vehicle. It's almost too good. It is more than half the price of the next lowest quote I found.

The thing is that the next lowest quote came from the same auto insurance casualty company but through a different agent. And, I have gotten other quotes through several different agents through the same casualty company.

I called the big company directly and told them the situation. They told me that if he had the VIN of the vehicle then there could be no problem as far as classification of the type of commercial vehicle.

My major concern is that should there be an accident, and this lower priced insurance that I am paying was not accurately quoted by the agent, am I liable for damages? Are there clauses in the paperwork or contracts that protect me from this situation? Will I be obligated to pay the balance of what I was misquoted if an accident occurs?

Anybody know anything about insurance?virus scanner

Yes, you run the risk of being responsible for back premium if there's something not correct on your policy. Also be aware that a phone quote is not final, eventually you'd need to review the final details and paperwork and I'd wager that's when you'll see the error - and either have to say something at that time or sign off fraudulently on a legal contract.

Other than the VIN, verify the driver info (age, address, marital status, license #, record), employee info, mileage classification, liability LIMIT (is one agent quoting state minimums and the other $50,000 more coverage?) and if one is giving you a liability DEDUCTIBLE (uncommon but not unheard of, especially on commercial policies.)

All things being equal, quotes should not be drastically different within the same company for the same coverage, period, so something is awry.

Anybody know anything about insurance?anti virus software

Agent is using bait and switch tactic- Report It