Traders and General Auto Insurance Review

Traders and General Auto Insurance is a company that underwrites insurance policies. Underwriting is the process by which insurance companies determine how much a policy will cost the client. In the process of underwriting, Traders and General Auto Insurance is the company that deals with the statistics of risk.

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The Duties of Traders and General Auto Insurance

Traders and General Auto Insurance is the underwriter for the insurance company, OneBeacon Insurance Group, Ltd. What Traders and General Auto Insurance does is take the information of applicants for OneBeacon and figure out how high of a risk each applicant will be to the company.

After level of risk has been determined, Traders and General Auto Insurance will suggest the amount of insurance that can be offered to the applicants. Then, Traders and General Auto Insurance will set the price for the premiums each particular applicant should pay for the policy.

Traders and General Does Not Sell Auto Insurance Directly

Because Traders and General Auto Insurance is an insurance underwriter, it does not sell its own auto insurance products. This fact makes it unnecessary for Traders and General to maintain a website for the claims process and other insurance matters such as this. When people purchase their policies, they will refer to the OneBeacon website for all of their auto insurance needs.

Commercial Auto Insurance Underwritten by Traders and General

The type of auto insurance OneBeacon sells will not be for personal auto insurance purposes.

Of the few types of auto insurance products this company sells, people will find commercial auto insurance.

Specifically, Traders and General underwrites fleet policies for businesses with large numbers of vehicles, such as:

• Taxi companies
• Businesses with several trucks in use
• Businesses that use vehicles to make deliveries

Collectible Car Insurance from Traders and General

The other type of auto insurance Traders and General Auto Insurance underwrites is collectible car insurance. The type of collectible auto insurance is in a limited class because the insurance policy does not protect the collectible vehicle as it is being driven on the roads.

Under OneBeacon, auto insurance for collectible cars only insures the appreciable value of the car. These policies are only capable of insuring the vehicles against theft or being damaged, and they cannot offer liability or optional insurance for these vehicles if the owner takes them for a drive on the roads. The theft or the damage must have occurred where the owner stores the vehicle.

Traders and General Uses Independent Agents

Traders and General Auto Insurance employs independent insurance agents to administer its products to the clients. With independent agents, clients are known to be treated in a much more intimate manner than if they are buying their insurance policies from a larger, national company.

The Fast Claims Process of Traders and General

When it comes time to file a claim for their auto insurance coverage, clients will go to the OneBeacon website rather than to Traders and General Auto Insurance. OneBeacon has a policy of contacting the client within one business day after a claim has been filed because of their dedication to resolving these matters as quickly as possible.

The Convenience of Paying the Bill with Traders and General

OneBeacon makes paying the bill as easy as it makes filing claims. Auto insurance clients may pay their bills all at one time for the year. If it would be more affordable for them to pay in installments, they can set up these payment arrangements on the website.

These clients can also decide that they will pay the bill in the most modern electronic fashion, or they can send their paymentsthrough the mail. They also have the option of calling a toll-free number and offering their payments over the phone.

Find the cheapest auto insurance rates by entering your ZIP code!

Traders and General may not have the coverage that people need, but they can find several other auto insurance companies that will be able to offer them what they are looking for all at one time. All they need to do is enter their ZIP codes, and they will have quotes from several auto insurance companies that they can compare, and it can all be done for FREE.