7 Steps You Should Know to Have the Best Motor Insurance - Insurecgi

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7 Steps you should know to have the Best Motor
Insurance.

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What is Motor insurance is all about?

• Motor/ Vehicle/ Auto insurance is essentially
   the financial coverage sought for your vehicle
  in the unfortunate event of any accident,
  collision, damage or loss due to theft or
  burglary. It constitutes a risk management
  procedure for the payment of an equitable amount
  of money.

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1. Choose your Insurance Company Wisely

• Be sure that the company has a sound reputation.
  This will ensure that in an event they will
  represent and protect your interests.
• A sound track record of an insurance company goes
  a long way in determining the security and value
  for your hard earned money.

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2. Focus on the Coverage Pattern.

• Ensure that in  addition to the basic liability
  coverage you are protected with additional
  collision policies.
• Two basic elements of your Motor Insurance
• (a)  Liability coverage protects your car , in
  the event, when you are responsible for damage
  caused to another person or anothers assets and
  in the process you are being sued.
• (b) Property coverage protects  your vehicle
  against  damage  caused due to any peril like
  fire,  thunderstorm, flood , lightening etc.  

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3. Know the  Motor Laws of your place.

• It facilitates you in choosing a policy that
  conforms best with the motor laws.
• Different countries , regions and even states
  within a  country  have different laws for motor
  insurance. Hence its important that one be well
  versed with the legal regulation concerning motor
  insurance prior to obtaining one.

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4. Do your homework

• Study and research. Draw up a list of companies
  offering their services and zero in on the one
  which matches your needs best.
• Understanding your financial situation is your
  best control-tool  when determining the coverage
  amounts for auto insurance.
• It is always better to opt for adequate financial
  coverage than just some skimpy inadequate
  coverage. In the long run, it pays big dividends.

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5. What does the company offer? - Parameters to
check out

• The company should offer you a policy that
  comfortably
• meets your budget
• provides maximum coverage.

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6. Bank on proven Track Records

• The company should have a  record of smooth
  operations concerning reimbursement and claim
  recovery.
• A  financially  strong   company that effectively
  and speedily processes its claims can certainly
  provide you with the necessary peace of mind.

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7. Review standard and quality of Services

• Prompt customer service and instant resolution of
  queries along with dedicated assistance 247 need
  to be ensured so that help is available whenever
  you need it most.

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• The presentation 7 Steps you should know to
  have the Best Motor Insurance. is brought to
  you by Consumers Guarantee Insurance.