5 KEY POINTS TO KEEP IN MIND WHILE GETTING A
CAR INSURANCE THINK SMART WHILE CHOOSING YOUR INSURANCE PLAN Buying an insurance policy for your car has a direct impact on your monthly budget. You need to understand the facilities and coverage expected from a car insurance policy. There’s a need to weigh your coverage options and subsequently explore the options available within your budget.
CHECK YOUR INSURER’S MARKET REPUTE Do some research on company’s financial status and claim settlement ratio and finally shortlist one or more insurers depending on your analysis. It is essential to know about an insurer’s claim settlement ratio because chances are there you might claim it at some point in the future. However, that is unpredictable.
DON’T IGNORE A BETTER OPTION FOR A CHEAP ONE While buying a policy, people only look for affordable options and ignore the ones that offer comprehensive coverage. It’s a typical scenario, and many people make this mistake, and end up paying more out of their pocket for being underinsured. Hence, it is recommended to strike a perfect balance between your insurance needs and the coverage offered by the insurance policy, to grab the best deal.
DON’T IGNORE THE DEDUCTIBLES Always remember that higher the deductibles in your insurance policy, the lesser the premium you pay. What this means is that you may have to pay a higher premium if you decide to buy a car insurance policy with lower deductibles. Technically speaking, choosing an insurance policy with higher deductibles just to save on the premium isn’t a wise decision at all.
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ENQUIRE ABOUT THE COMPANY’S CUSTOMER SERVICE AND SUPPORT Once the purchase is done, the support and service of the insurance provider counts. It is quite natural for companies to make tall claims and brag about their services and support before you make the purchase. It is advisable to make an enquiry about it from few customers of the company and ask for their opinions. Also do make an effort to read about it’s reviews on social forums.
For Motor Insurance in Dubai, visit: http://www.tameen.ae/en/for-individuals/motor-insurance/car-insurance