A surveyor’s tape is the most commonly used method of collecting data on car insurance claims.
But a surveyor can be expensive.
Here are some things to consider when comparing insurance quotes.
What is a car surveyor?
A surveyors tape is a tool used to gather insurance data on a car.
The tape is attached to a vehicle, such as a truck, and can be used to record information such as the date of ownership, the insurance company, and vehicle identification numbers (VIN).
A survey of the car, which typically lasts between 30 to 90 seconds, typically costs between $5,000 and $25,000.
What are the risks of using a surveyors’ tape?
While the tape is cheap, it does come with a small risk, according to Insurance Information Institute research.
A survey could easily be tampered with by someone with a cellphone, according a survey by the Consumer Federation of America.
And there are concerns about tampering.
An insurance company could try to determine the exact vehicle number, VIN, and VIN plate number that a survey has been attached to, so that they can track the vehicle.
If that happens, the company could be held liable for damages, according the Insurance Institute.
What’s the difference between a car insurer and a survey or a car-related surveyor tape?
The surveyor may not be the person who actually recorded the information on the tape.
A car insurance company does not need a survey to obtain a vehicle’s data.
However, a survey is the only way to determine if a car is worth paying for.
Insurance companies may charge the insurance adjuster fees, if a survey was conducted for the same reason.
Insurance adjusters will usually charge an extra fee to collect the tape and may also need to provide other types of data such as data on damage and injury, according an Insurance Information Association report.
What does the Insurance Bureau of Canada have to say about insurance quotes?
If you are interested in finding out more about insurance, please contact the Insurance Information Bureau of the Canadian Insurance Information Centre.