Red pennant insurance (also called red card insurance) protects insured motorists from vehicle-related claims with no-fault coverage. Depending on the state you live in, it may also be referred to as PIP or personal injury protection (PIP). Either way, red pennant insurance covers you in the event of an accident, regardless of fault. In fact, some states require motorists to have it (check your local requirements). Here are nine things you might not know about red pennant insurance that could help you save money on your policy down the road.
1) You don’t need experience
One of the great things about red pennant insurance is that you don’t need any prior experience in order to get started. This type of insurance is perfect for those who are new to the world of business or for those who are looking to expand their current coverage. All you need is a willingness to learn and a desire to protect your business.Another great thing about red pennant insurance is that you can tailor your policy to fit your specific needs.
2) It doesn’t matter if your car isn’t brand new
Many people think that they need to have a brand new car in order to get red pennant insurance, but that’s not the case. In fact, you can get red pennant insurance on a used car as long as it’s less than three years old.
3) The paper work is a lot easier than you think
Filling out the application for red pennant insurance is a lot easier than you might think. The process is simple and straightforward, and it doesn’t take long to complete. Plus, you can do it all online in just a few minutes.
4) Don’t leave anything out
- If you’re a business owner, you need insurance to protect your company from liability.
- Red pennant insurance is a type of business insurance that can help protect your company from lawsuits or other financial damages.
- This type of insurance can be expensive, but it’s worth the investment to protect your business.
- Make sure you understand the coverage and limits of your policy before you purchase it.
- Talk to your insurance agent about red pennant insurance and get a quote today.
5) Get as many quotes as possible
When it comes to red pennant insurance, you want to make sure you’re getting the best deal possible. To do that, you need to get quotes from as many different insurers as possible. But don’t just go with the first one you find – take your time to compare and contrast different policies to find the best fit for you.
6) Avoid mistakes when selecting excess cover
Selecting the right amount of excess cover is one of the most important choices you’ll make when taking out red pennant insurance. If you choose an amount that’s too low, you may find yourself underinsured. On the other hand, if you select an excess that’s too high, you could end up paying more than necessary. Here are a few things to keep in mind when making your decision: The amount of cover you need will depend on the value of your car.
7) Don’t worry about small losses in the beginning. Just make sure you get paid after big losses
It can be easy to get wrapped up in the small details when you’re first starting out with red pennant insurance. But don’t worry too much about the little things. Just make sure you’re getting paid after big losses and you’ll be fine. Here are 9 things you didn’t know about red pennant insurance
9) Sign up for as many perks as possible, like free break down cover or legal protection in case of an accident where there was no fault on your part
Motor insurance can be a costly affair, but there are ways to keep your premiums down. One way is to sign up for as many perks as possible. For example, many insurers offer free breakdown cover or legal protection in case of an accident where you were not at fault.
8) Don’t cancel your old policy before making sure the new policy takes effect. Also, tell your insurer if you sell your car or change any details about it
Did you know that if you cancel your old car insurance policy before your new one takes effect, you could be left without coverage? Make sure you wait until your new policy is in place before cancelling the old one.