Things to Know before Renewing Your Four Wheeler Insurance

1
Things to Know Before Renewing Your Four Wheeler
Insurance

• Liberty General Insurance

2
Introduction
If your car insurance is up for renewal, you can
choose to do the four wheeler insurance renewal
online, or head personally to the insurer. Always
make sure that you renew your car insurance
policy before the due date or else you have to
face the consequences. So, rather than waiting
for the last minute to handle the various
proceedings, give yourself time to understand the
things you need to know before renewing your car
insurance.
3
Opt for a Good Car Insurance Plan

• Third party liability motor insurance is a
  prerequisite
• Choosing a comprehensive car insurance plan is
  optional
• Take into account your requirements and
  preferences when making a choice
• See that you dont exceed your budget

4
Understand the Market Value of your Car

• Knowing about the cars depreciation and market
  value is important
• The insurance premium is decided based on the
  depreciation value of the car
• Negotiation can be conducted in a better way
• Discuss variables until you feel you are paying
  an appropriate amount

5
Be Aware of the No Claim Bonus

• Insurers offer a bonus for every claim-free year
• It brings down the premium amount to a large
  extent
• The amount is subtracted from the total premium
  paid
• Switching to another insurer does not mean that
  you will lose your NCB

6
Other Factors to Take Notice of

• Choose additional covers and required add-ons
• Enquire about cashless facility
• Surf online for better options
• Seamless and problem-free claim settlement process

7
Conclusion
Be sure to keep these factors in mind the next
time you are going for a four wheeler insurance
renewal. As long as you ensure that your policy
does not lapse, you can steer clear of hefty
penalties. In addition to this, it is a risk to
drive on the road without an appropriate cover.
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