Simple tips while choosing your motor insurance comparison

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Motor Insurance
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Simple tips while choosing your motor insurance
comparison You just realized your motor insurance
comparison policy has lapsed and youre
absolutely clueless what has to be done next.
Travelling, unwell, hospital visits, completely
agreed but that doesnt change the fact that
youre now uncovered. And in India, you cannot
take your vehicle out for drive unless youre
suitably covered at least a third party
insurance. So, it is important to buy a suitable
motor insurance comparison policy. Secondly, if
at all you drive your motor and where to meet an
unfortunate incidence therell be a big hole in
your pocket. So, here are a few tips to consider
while buying or renewing your motor insurance
comparison policy
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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
vehicles make and age.
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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 motor 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.
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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.
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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 motor insurance comparison coverage
for your vehicle.
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No Claim Bonus Every time you complete your
motor insurance year without a single claim
youre 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, dont claim for petty scratches or
dent, instead accumulate your bonus points and go
for higher claim or discounts
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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 motor insurance. 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 youve purchased with your
hard earned money but also, you stand a risk to
lose a lot even in terms of premium. Source
http//bit.ly/2gKGAPC
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