Car Insurance Policy : It is mandatory for every car running on the road to have insurance. Then whether the insurance is third party or comprehensive.
How To Choose Right Car Insurance Policy:It is mandatory for every car running on the road to have insurance. Then whether the insurance is third party or comprehensive. If a car is not insured then its challan can be deducted. So let us tell you what things you should keep in mind while buying a good car insurance policy.
Keep these things in mind while buying a car insurance policy
Coverage of the policy: Knowing what a car insurance policy covers you is important. Make sure the policy covers damage, theft and other risks to your car.
IDV Value: IDV (Insured Declared Value), this is the current value of your car in the eyes of insurance. The current value of the car is recorded by the insurance company as IDV.
Add-ons: Many types of add-ons are offered with the insurance policy, among them you can find the add-on of your need and add it to the policy. However, they increase the premium.
Policy Terms and Conditions: Read the terms and conditions of the car insurance policy carefully. Only if you agree with the terms and conditions of the policy, take it. However, some terms and conditions are common for all policies.
Compare Policy Premium:Compare the premium of the car insurance policy you are taking with other policies as the premiums may vary depending on the companies. Make sure you are paying a fair premium.
History of the insurer: Make sure the insurer is reliable and settles claims quickly. For this you should check its claim settlement ratio, it should be good.
Driving History: If you have a good driving history, you will have to pay lower car insurance premiums. If you have taken any insurance claim before then the premium will increase.
