It is important to read all terms and conditions of your auto insurance policy. Everyone wants to save money when shopping for insurance. However, it is important to not cut corners. You should not try to lower your premium by omitting information like a young driver or a speeding ticket from years past. It will quickly become apparent that the policy can be canceled if the insurance company discovers the policyholder is dishonest.
When choosing which policy to buy, it is important to carefully read the fine print. There are many insurance companies that have different policies. The policy excess amounts, the amount of money the policyholder has to pay when filing a claim, may vary. These amounts typically range from $?100 to $??150 for theft and fire, and $?60 to cover windscreen claims.
Before you decide on a policy, make sure to check the excess amount for each level. Third-party coverage won’t cover all damages. Some levels of coverage are limited in their ability to cover certain damages. They also charge higher premiums for these claims. These premiums can be reduced by adding voluntary excess, which can save hundreds of pounds each year.
Don’t make assumptions about your policy, especially if you are driving motor vehicles owned by someone else. The Road Traffic Act Cover, which is the most basic type required by law, will not cover damages if you cause an accident while operating a vehicle owned by another person. Road Traffic Cover is less comprehensive than third-party insurance and may leave policyholders open to liability for an expensive accident.
Road Traffic coverage does not cover vehicles that are being driven. The auto is not covered for theft, fire, or damage while it is parked. This applies until the vehicle’s named policyholder takes over.
If the policyholder assumes that coverage is the same for all insurance companies, it can also lead to problems. Although the basic coverage definitions may be identical, the terms of each policy will vary. Comprehensive coverage will not always include windscreen damage. The policyholder may also be restricted to a specific number of windscreen claims each year. The policyholder may not be entitled to a car courtesy, or a limit on the time they can use it. For those who travel to the EU, it is important to note that some policies only provide 30 days of full coverage per year and others only offer Road Traffic Act coverage.
We can help you read the fine print. Although it can be hard to read, the fine print is worth looking into. This checklist will help you make informed decisions before signing up for an insurance policy.
- Are you unsure if the coverage is comprehensive, third party, theft, and fire or only third-party?
- What is the policy excess total in the event that there is an accident? What are the terms and conditions for windscreen claims?
- Check that all drivers are covered. If not, your policy could be voided in the event of an incident involving a driver not covered.
- You should ensure that legal expenses are included in your policy.
- Is relocation covered?
- Is the policy inclusive of courtesy cars? Is this important?
- Is the entire insurance policy applicable to driving the car in the EU?
- Is there a limit to how many windscreen claims can be filed per year?
Before signing on for an auto insurance [http://www.simplyfinance.co.uk/Insurance/Auto-Insurance.html] policy, make sure the fine print does not limit the cover you desire. You can find important information in the fine print about how your prospective insurance company will handle claims.
After you’ve read through the policies carefully, you can fill out a brief form to get in touch with an agent. Once your questions have been answered, the agent will look through several quotes from different companies and find the best policy for you.