Unsure about auto insurance law?

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?

First off, you get what you pay for and secondly, if it seems to good to be true then it probably is. I would bump up to COMP and COLLISION as well in my opinion. I would also ask the agent for a copy of the policy itself , called a specimen policy, and comb through it very carefully. It will spell out what you will and won't be getting in the policy. If you are comfortable then yes, go for it. Be advised , anything not covered by the policy in theory could be charged back to you. I work for an insurance company and have seen people lives ruined by not having enough or the RIGHT TYPE of insurance. Bad things do happen to good people. I hope this helps.

http://www.analogstereo.com/ch... Report It

YOU SHOULD BE GOOD AS FAR AS LIABILITY COVERAGE IF YOU HAVE A VALID POLICY THRU AN AFFILIATED AGENT.
AS FAR AS OWING ANY ADDITIONAL PREMIUM ITS TOUGH TO SAY AS INSURANCE VARIES GREATLY FROM STATE TO STATE.
FOR LIABILITY ONLY THOUGH IT IS DOUBTFUL.
SHOULD YOU BE MAKING A COLLISION OR COMPREHENSIVE CLAIM IT MIGHT BE A DIFFERENT STORY.