What to watch out for while choosing car insurance?
• Claim settlement policy – The true test of an insurance company is at the time of an actual insurance claim. This is possible to check by looking at the company’s past records of claim resolution. Now is the time to check if the existing insurance can be transferred to another insurance company without loss of benefits already paid for. • Coverage – What is the right coverage for you? Usually, car insurance policies cover third-party liability and own damage. According to the Motor Vehicles Act, it is mandatory to opt for third party liability insurance cover while own damage is optional. Opting for both is the standard procedure since they cover any damage due to accidents and loss from third-party mishaps. Most insurance companies offer “add-ons” with the basic policy. • Customer service – Thanks to technology, insurance policies are now issued instantly. Besides this, other issues such as changes in policy or cancellatio...
