Double British Time Might Reduce Insurance Claim
A new decision will change the working schedule of every UK home as now the UK clocks are proposed to be forwarded an extra hour on permanent basis. The mornings might become little bit dark but with long hours of afternoon, there will be safety for vehicles running on road. As fewer vehicles will be on road during the peak hours so, the pedestrians will be safe during those hours.
Most of the pedestrian injuries and fatalities happen during daytime especially in afternoon but now when the time will be forwarded, the road safety will be ensured. During afternoon, mainly children walk on road less supervised so; the injuries occur more often but with new decision, a less number of vehicles will be on road during afternoon that will prevent damages and claims.
The number of accidents happening on road will be reduced and hence the insurance claims will decrease. This will have the positive impact on the insurance premium, as when less damage will happen then the premium charged on car insurance policy will also reduce. If we compare car insurance policy, when damages are less, the premium charges will also decrease leading to the benefit of both the customer as well as insurer. The insurer will now have to pay less for repair and damages whereas the insurance owner will also save on insurance premium.
Some of the industries might be against the decision as they work in early hours but now they will have wait for longer period in dark every day. Especially the construction and farming industries will be affected wisely. When the safety aspect is considered, the new decision seems beneficial for the car insurance owner as well as insurer.
Article written by the marketing division of Compare.Com.