Counseling Online Site
Subscribe
  • Business
  • Education
  • Finance
  • Health
  • Technology
  • Home
  • More
    • Auto
    • Law
    • Real Estate
    • Shopping
    • Travel
    • Sports
No Result
View All Result
Counseling Online Site
  • Business
  • Education
  • Finance
  • Health
  • Technology
  • Home
  • More
    • Auto
    • Law
    • Real Estate
    • Shopping
    • Travel
    • Sports
No Result
View All Result
Counseling Online Site
No Result
View All Result
Home Finance

Do’s & Don’ts of Choosing A Car Insurance Plan

Alexa Tanner by Alexa Tanner
9 months ago
in Finance
0
Do’s & Don’ts of Choosing A Car Insurance Plan
Share on FacebookShare on Twitter

Summary

Today, owning a car is no longer considered a luxury, but has become a necessity. So, if you are a car owner, you must protect your asset with an insurance cover. Read on to know more about the do’s and don’ts while buying a car insurance plan.

In India, as per law, all car owners must have an insurance policy. Driving with valid insurance is a punishable office, and it can attract a hefty fine. If you own a car, you must at least have a third-party liability insurance cover for your vehicle. An insurance policy is vital to protect you from the financial liabilities that may arise in the event of an accident or a road mishap. Apart from third-party car insurance, you can also consider buying a comprehensive car insurance policy. The comprehensive plan, as the name suggests, provides more extensive coverage, and it covers both third-party liabilities as well as damages to your car.

Today, several insurance companies in India offer a variety of car insurance plans to suit the specific needs of the people. If you are a first-time car insurance policy buyer and are looking for the best car insurance, the sheer amount of variety available in the market can leave you confused. Listed below are a few do’s and don’ts that can help you make an informed purchase decision.

Dos

Compare the plans

Before you jump onto buying the first insurance plan you come across online, it is paramount that you compare the plans from a few different insurance companies. The comparison must be in terms of the inclusion, exclusion, premium amount, the add-on covers available, network garages, NCB, etc. Evaluate your needs and choose the plan that best suits your needs and has an affordable premium.

Read the policy documents

In India, several insurance buyers are guilty of not reading the terms and conditions mentioned in the policy documents. So, before you sign the policy papers, make sure to read the terms carefully, and there is something unknown, ask the insurer about it. Knowing the policy terms beforehand will help you avoid any hassles at the time of filing for a claim.

Ask the insurer about add-on covers

If you have purchased a comprehensive car insurance policy, you are entitled to buy add-on covers. These covers are additional coverage options that you can buy by paying an extra premium and widen the scope of your policy coverage. There are different types of add-on you can buy with your car insurance policy; some of the popular add-ons are zero-depreciation cover, roadside assistance cover, engine protection cover, NCB protection cover, etc. Ask the insurer about the various add-ons and its benefits and choose the one that best suits your needs.

Don’ts

Purchase the insurance offered by the car dealer

It is not mandatory to purchase insurance from your car dealer. So, it is advisable that you politely decline the car dealer’s insurance offer, and do your research about the best car insurance plan.

Leave any column blank in the insurance form

Several experts suggest that you must fill the insurance form yourself. If you don’t understand anything about any section of the form, don’t leave the form blank while submitting, but you must get in touch the insurer’s representative and ask them to explain them about it. If you think the question does not apply to you, write NA or Not Applicable.

Make false declaration

While filling the car insurance form, don’t make any false declaration. If the insurer finds the truth, it may not only result in a hefty fine, but you also risk the cancellation of the insurance policy.

Now that you are aware of the do’s and don’ts choose your car insurance policy wisely.

Alexa Tanner

Alexa Tanner

Related Posts

4 Difficult Moments in Trading and How to Overcome Them

4 Difficult Moments in Trading and How to Overcome Them

by Alexa Tanner
September 15, 2020
0

Amateur traders often face difficulties when they think about starting to trade, whether they trade with a live or demo...

Why Is Credit Card Processing for Small Businesses So Important?

Why Is Credit Card Processing for Small Businesses So Important?

by Alexa Tanner
September 28, 2020
0

Perhaps the most reliable and popular payment methods used by customers worldwide, credit cards are a must for any effective...

How to Avail Money Saving Car Insurance Plans During This Pandemic

How to Avail Money Saving Car Insurance Plans During This Pandemic

by Alexa Tanner
August 26, 2020
0

As the Covid-19 pandemic continues, unemployment has increased significantly, and people are more concerned about their financial security. From paying...

Next Post
Reviewing The Importance of Responsive eCommerce Website and Why You Need to Care

Reviewing The Importance of Responsive eCommerce Website and Why You Need to Care

Kids and Sports: Great Sports a 5 Years Old Can Also Enjoy

Kids and Sports: Great Sports a 5 Years Old Can Also Enjoy

Step By Step Procedure to Install Author Box Plugin on Your WordPress Website

Step By Step Procedure to Install Author Box Plugin on Your WordPress Website

Recent Posts

  • How to Get Sales and Marketing Data of Indian Companies
  • What Are the Best Ways to Consume CBG Oil?
  • 10 Must-Haves for Leaders of Tomorrow’s Businesses
  • The Best Ways to Get Cheap Likes for Instagram
  • Top 6 laundry room storage and organization ideas

Archives

  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019

Categories

  • Auto
  • Business
  • Education
  • Finance
  • Health
  • Home
  • Law
  • News
  • Pet
  • Real Estate
  • Shopping
  • Sports
  • Technology
  • Travel
Technology

How to Get Sales and Marketing Data of Indian Companies

India is one of the largest consumer markets in the world. The Indian consumer base's diversity presents a lucrative opportunity ...

December 30, 2020
Technology

The Best Ways to Get Cheap Likes for Instagram

Have you thought of increasing your Instagram likes and followers? Do you know the best ways to increase your Instagram ...

December 12, 2020
Technology

5 Interesting Reasons to Get an IT Certification

Four in 10 American tech firms have job openings and are recruiting to fill technical positions, proof the IT industry ...

November 30, 2020
Technology

Is SEO Sydney Worth the Investment?

The majority of small and local business owners in Sydney have heard of search engine optimisation or SEO. However, because ...

November 10, 2020
Technology

5 Factors to Consider When Becoming a Video Content Creator

Did you know that in the United States, 85% of internet users are watching video content on all their devices ...

October 31, 2020
No Result
View All Result
  • Contact us

Copyright © 2020 Counseling Online Site. All Rights Reserved.

No Result
View All Result

Copyright © 2020 Counseling Online Site. All Rights Reserved.