Generally, comprehensive and third party insurance policies are for the car itself. But whenever the policy is bought or renewed, it becomes very important to take care of some things. In this news, we are giving you some such tips, keeping in mind that you can buy the right and low cost policy for your car.
Get quotes from more than one company
If you want to renew your car insurance policy or are taking a policy for a new car, then before buying a policy from any company, you can take policy quotations from more than one company. For this, the help of any third party app can also be taken.While renewing the policy every time, keep in mind that by looking at other options before renewing the policy with only one company, you can get a good deal at a lower price. Sometimes there is a difference between the value of the car and the premium.
Take care of the term condition
Before finalizing any policy, its term and condition must be read. Always choose the policy of the same company, which is meeting all your needs.
check csr
CSR stands for Claim Settlement Ratio. Before finalizing the policy of any company, you should also check how many claims that company has settled in a year. Taking the policy of the company which has settled maximum CSR in a year can prove to be beneficial for you.
Do not give wrong information at the time of renewal
Never give wrong information while renewing the policy. If you do this, then the company can also refuse to give you a claim if needed later. Many people give wrong information about NCB etc. at the time of renewal of car insurance, which causes losses later.
