Wells Fargo Car Insurance Claims

Wells Fargo Insurance Services (formerly known as Acordia), Wells Fargo Insurance, Inc and Rural Community Insurance Services are the companies which comprise the entire Wells Fargo insurance division, which is owned by the banking giant, Wells Fargo & Company.

The insurance arm of Wells Fargo began its operations in 1903. When, in 2008, Wells Fargo Bank merged with Wachovia Bank, Wachovia Insurance Services merged with Wells Fargo Insurance Services and Wells Fargo absorbed all of the subsidiary insurance companies which comprised Wachovia’s insurance division.

Business Insurance magazine rates Wells Fargo as the 4th largest insurance brokerage company in the world, and it is the biggest insurance brokerage firm in the United States to be affiliated with a bank.

The company offers insurance brokerage and consulting services through a network of 200 offices around the US. It employs over 9,600 professional agents. Wells Fargo holds risk premiums amounting to $15.5 billion.

The company offers a variety of products and services, among them vehicle, property, casualty and life insurances.

Wells Fargo’s professional agents are able to offer a wide range of vehicle insurance coverage for young and old drivers and individual cars and fleets. The company has selected Insurance.com as their online insurance agency, or you can access one of their professionals by calling Wells Fargo Insurance directly.

The policies offered by the company in case of accident include liability, the basis of any car insurance policy, which will cover payments to be made for injuries and damage to property should you be at fault. Medical and/or personal injury protection pays for expenses related to the policyholder’s (and anyone travelling in his vehicle) medical bills; as well as for loss of income while unable to work as a result of an accident.

The comprehensive section of the policy covers damage to your vehicle caused by anything other than an accident. This part of the policy has a deductible, meaning that you will have to pay a certain percentage of the costs of repair.

Collision insurance will pay out for damage to your car by being involved in an accident, and also has a deductible connected to it.

The Uninsured Motorist or Underinsured Motorist option covers one in the case of being in an accident caused by a hit and run driver, or by someone with insufficient insurance to meet your medical expenses.

In addition to the various options explained above, supplemental insurance cover is also available, such cover for the as payment of a rental car while your car is being repaired or replaced; a special gap option, which pays the difference between the actual amount paid for your vehicle by the insurance company if it is declared a total loss and any amount remaining on a loan; and cover for towing and labour costs.