4 THINGS TO KEEP IN MIND WHILE RENEWING CAR INSURANCE ONLINE
• The Indian government has made it mandatory for every vehicle owner in the country to have a motor insurance policy. This coverage protects you against financial losses incurred due to unforeseen events in which your vehicle is involved. Yet, many people don’t pay much attention when it comes to purchasing a four-wheeler insurance plan.
• And, most people unfortunately make the same mistake while renewing their car insurance. They renew their policies in a haste without taking a step back to figure whether their coverage suits their needs. • If you too are guilty of the same mistake, it’s okay! Now, with the availability of online insurance, you can easily rectify your mistakes at your convenience. To help you out, we have listed 4 things that you should keep in mind while going for a car insurance renewal online so that you end up with a fabulous plan. 1. Do your homework • Understand the features that you may have overlooked while purchasing your previous car insurance policy. Pin them down so that you know your new policy requirements. Remember that it is not necessary to continue with the same policy provider when you opt for car insurance renewal online. The key to getting the right coverage for your vehicle is to do thorough research and comparison between different providers. So, search online and look for different policies that fit into your budget and fulfill your requirements. You can use an aggregator website to compare plans and insurance companies. By doing so, you will indeed be able to find good coverage for your car.
2. Know your car’s current value • Your car’s value keeps depreciating over time. It is crucial to know the correct IDV of your vehicle as it helps if you suffer total loss or theft of your car. Your insurance premium also depends on this value. So, make sure to get the right IDV for your car so that it does not remain underinsured. This will help you get proper compensation when needed. Talk to your insurance provider for advice on this to get the best value for your money.
3. Take advantage of the no claim bonus • If you have not made any claims in the past from your insurance company, you are eligible to enjoy a ‘no claim bonus.’ This is a reward given by the policy provider for not making any claims. So, do make sure to take full advantage of this bonus as it will significantly reduce the premium when you do your car insurance renewal online. And, even if you are planning to change your insurance provider, you can still enjoy the no claim bonus.
4. Check the network of garages • Make sure to check the network of garages offered by the insurance provider. This information will help if you meet with an accident and need immediate assistance. A wide network of garages with cashless service is preferable.
• We hope that these tips will help you when you do your car insurance renewal online. Before you shortlist a plan, do make sure to go through the fine print carefully.
• Happy shopping and good luck!
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CAR INSURANCE RENEWAL ONLINE Or You Can Visit https://www.naviinsurance.com/four-wheeler-insurance/
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