You just realized your Car
insurance comparison policy has lapsed and you’re absolutely clueless what has
to be done next. Travelling, unwell,
hospital visits, completely agreed but that doesn’t change the fact that you’re
now uncovered. And in India, you cannot
take your vehicle out for drive unless you’re suitably covered at least a third
party insurance. So, it is important to buy a suitable Car insurance comparison
policy. Secondly, if at all you drive your motor and where to meet an
unfortunate incidence there’ll be a big hole in your pocket. So, here are a few
tips to consider while buying or renewing your Car insurance comparison policy:
Zero In
Online sites are a
great tool to compare policies of various companies under a single umbrella.
You can compare them in terms of benefit and features, discounts & deals,
premium payment and claim procedures, etc. These comparison sites let you
compare policies with the most competent premium being offered for your
vehicle’s make and age.
Claim Settlement
It is another crucial
step you need to monitor while having insurance comparison. While checking the
quotes carefully, understand the claim settlement process of various Car
insurance comparison companies, in case of accidents. Go for the policies
purchase that offer online claim settlement in case of damage to the vehicle.
Also check for the availability of the repairing and servicing centers made
available from the insurer.
Vehicle survey
Once you finalize the
company you want to insure your vehicle with, you should set up a time at the
earliest for the company to come and survey your motor vehicle. You must follow
up aggressively and get the inspection done immediately, as it will take around
3 to 5 days for the clearances on your vehicle.
Policy Purchase/Renewal
Once the survey is done
the motor insurance policy can be
purchased. Inspections are valid for 24 hours, hence you need to buy the policy
within that time period. Nowadays, with online purchase or renewal you can get
instant Car insurance comparison coverage for your vehicle.
No Claim Bonus
Every time you complete
your car insurance year without a single claim you’re rewarded with No Claim
Bonus points. You can redeem the points against the claim amount or premium
reductions. So check and see if you can avail of this benefit. If yes, then the
discount will be deducted from your premium and you have to pay less for the
current year. It is advisable, don’t claim for petty scratches or dent, instead
accumulate your bonus points and go for higher claim or discounts
When to Migrate
If at all you wish to
change your service provider, not that some insurers charge a fee for breaking
a policy mid-term. So, check if you have significant savings in the new policy
only then take an initiative to migrate to new Car
insurance comparison company and opt for renewal. If you
decide to switch, see if you have enough time for the new policy to take effect
and then cancel the existing policy. Driving an uninsured motor is like walking
on a tight rope between two steep cliffs. Not only do you pose a risk to your
motor vehicle that you’ve purchased with your hard earned money but also, you
stand a risk to lose a lot even in terms of premium.
Source: http://car-insurance-online-in-india.blogspot.in/2016/08/simple-tips-while-choosing-your-motor.html
