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GoAuto Insurance

Insurance, United States, Louisiana, Baton Rouge

GoAuto Insurance provides affordable and reliable auto insurance solutions with a focus on customer satisfaction and convenience.

About GoAuto Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Louisiana state
Official Website
http://www.goautoinsurance.com
Location Address Official Phone Email
United States of America, Louisiana state United States, Louisiana, Baton Rouge **** ****
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FAQs – GoAuto Insurance

What is an unearned premium reserve (UPR)?

Unearned premium reserves represent the portion of premiums collected by insurers that correspond to the unexpired portion of an insurance policy. Since insurers earn revenue over time, they must set aside UPR to cover potential refunds if a policy is canceled early.


Why are consumer protection laws important in insurance?

These laws safeguard policyholders from deceptive practices, ensure fair claim settlements, regulate premium pricing, and enforce accountability on insurers to provide clear and honest policy terms.


What resources does the SOA offer for actuarial students?

The SOA provides study materials, scholarships, mentoring programs, networking events, and exam preparation resources for aspiring actuaries.


What are some common methods of risk management in insurance?

Common risk management methods include risk avoidance (eliminating activities that pose threats), risk reduction (implementing safety measures), risk retention (self-insuring smaller risks), and risk transfer (purchasing insurance to transfer financial responsibility to an insurer).


Can I add additional insureds to my policy?

Yes, you can add additional insureds, such as landlords or business partners, to extend coverage for liabilities related to your business operations.


What are the challenges faced in treaty reinsurance?

Challenges include pricing complexity, assessing risk exposure, maintaining balanced retention levels, and renegotiating terms based on market trends.


Can indemnity be paid as a lump sum?

Yes, indemnity can be paid as a lump sum or in installments, depending on the insurance policy and the nature of the loss. Some claims, such as life insurance, may involve lump-sum payments, while ongoing claims may have periodic payouts.


How can policyholders lower their insurance premiums?

Policyholders can lower premiums by bundling policies, maintaining a good credit score, choosing higher deductibles, and taking advantage of available discounts.


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