Things You Should Know Before Buying Car Insurance
Many car owners buy car insurance just for the formality without giving it a thought. Car insurance policy is mandatory according to the Indian law. So, if you want to buy or renew your car insurance policy, then there are certain things that you should know. By keeping these things in your mind, you can enjoy greater benefits with the best car insurance deals.
1. Know what your policy covers
A lot of people buy and renew their car insurance without knowing what their policy covers. You need to know what kind of damage is covered under the policy, as sometimes not all parts of the vehicle gets full coverage. You need to know what your policy covers in order to enjoy greater benefits of the car insurance.
2. Seek for the comprehensive cover
A comprehensive insurance cover will offer protection for damages caused by your can and self in the accident. This will also provide coverage to your car against any accident, theft and damage. So, it is advised to always seek for the comprehensive cover.
3. Know the market value of your car
Before buying car insurance, it is essential to know the value of your car because the depreciation value of your car is considered while calculating your car insurance premium. You are not required to pay the quote they offer, you can negotiate it till you are sure that you are paying the right premium.
4. Know the insured declared value of your car
The premium of your car insurance is completely linked to the insured declared value of your car. IDV is the maximum value that you can claim after the damage and theft under a car insurance policy.
These are some of the most essential points that you are required to keep in mind while buying or renewing a car insurance policy. It is recommended to opt for a reputed car insurance service provider to enjoy all the benefits. You will get the best car insurance prices after approaching a reputed and trustworthy service provider. To get the best car insurance rates, one can approach Dial4Insurance, which is a leading car insurance provider in India. They will provide you the hassle free services.
