The new insurance offered to NY (because our rates are the untouchable in the nation), someone ever use them or hold any problems with them? Any warning I would appreciate.
Answers: They have be in NJ give or take a few 15yrs. It was topical when I left in that. The best place to check to see if it is financially sound company would be: ambest.com I of late looked there & couldn't find it. Do they turn by another name? Is in attendance a bigger company that owns them? If they are not rated by AMBest, stay away.
I own tried it myself, here is some good informations.http://car-insurance.online-tips.info/aa... OK, NJ Cure is NOT INSURANCE. It's NOT. So whip the *i* word right out of it. It's not regulated by the insurance department, it's not guaranteed by the fund. SO, there's NO GUARANTEE that when claim time comes around, there will in actuality be any money to pay your claim.
You payment your premium, plus 20% the first year, and plus 10% every subsequent year. Be sure to factor that in when you're comparing "rates".
And they don't lug everyone.
So, there are risks. I guess you'll hold to see if they'll take you, compare the costs to traditional insurance, and net your decision from at hand.
NJ Cure isn't as popular as independant, NJM (New Jersey Manufacturers Insurance Group) or State Farm. NJM carries the largest policies surrounded by force for the state of New Jersey.
I've had polite results here...
http://insurance.deal4-you.com
Good Luck.
Answers: They have be in NJ give or take a few 15yrs. It was topical when I left in that. The best place to check to see if it is financially sound company would be: ambest.com I of late looked there & couldn't find it. Do they turn by another name? Is in attendance a bigger company that owns them? If they are not rated by AMBest, stay away.
I own tried it myself, here is some good informations.http://car-insurance.online-tips.info/aa... OK, NJ Cure is NOT INSURANCE. It's NOT. So whip the *i* word right out of it. It's not regulated by the insurance department, it's not guaranteed by the fund. SO, there's NO GUARANTEE that when claim time comes around, there will in actuality be any money to pay your claim.
You payment your premium, plus 20% the first year, and plus 10% every subsequent year. Be sure to factor that in when you're comparing "rates".
And they don't lug everyone.
So, there are risks. I guess you'll hold to see if they'll take you, compare the costs to traditional insurance, and net your decision from at hand.
NJ Cure isn't as popular as independant, NJM (New Jersey Manufacturers Insurance Group) or State Farm. NJM carries the largest policies surrounded by force for the state of New Jersey.
I've had polite results here...
http://insurance.deal4-you.com
Good Luck.