We should keep some things in mind while taking car insurance. We are going to tell about it in detail in this article.
Buying auto insurance today is quite a challenging task. If you make even a small mistake while purchasing the policy, you may face difficulty in taking the claim. In such a situation, it is very important for you to understand auto insurance well so that you do not face any problem in taking the insurance claim.
Engine
While getting auto insurance, you should pay full attention to the engine type of your vehicle whether it is petrol, diesel or EV. If yours is an EV or hybrid, then you must check that the insurance covers charging cables, connectors, adapters etc. This must include fire and theft.
Coverage
Coverage also has great importance in insurance. You should always go for a plan that covers your entire vehicle. One should always choose a comprehensive coverage plan. In this you get maximum coverage. Whereas, if you take third party coverage then the vehicle is not covered in it.
IDV
In auto insurance, you have to take special care of Insurance Declared Value (IDV). You should prefer only those insurances which give you maximum IDV value. IDV is the value on which companies give you a claim.
Network
Today, most of the companies provide you the facility of cashless garage. Its advantage is that if there is any damage to the car, you can easily get your car repaired in the garage without paying cash. For this reason, you should always check the network of the insurance company.
Add on cover
You should also include add on coverage in your insurance plan like breakdown assistance, tire protection, engine and gearbox protection. One should choose a company which has the highest claim settlement ratio. Apart from this, you should also know about the claim process well and choose such insurance which gives you the facility of self-inspection claim.
