Car Insurance: What to Look For in a Car Insurance Policy
Many car insurance companies offer a host of features for car insurance policies with varying importance and priorities. A car insurance or auto insurance is a contract between you and your insurance company, wherein you agree to pay the premium and the insurance company agrees to pay losses as defined by its terms and conditions. Some of the coverage of auto insurance companies include property, liability and medical coverage. The coverage of property insurance are damage or theft of your car. Liability insurance covers any of your legal responsibility to others for property damage or bodily injury. Medical insurance coverage pays for the cost of injury treatment, rehabilitation and some would cover lost wages and funeral expenses. A car insurance policy generally consists of six different kinds of coverage and you are not required to buy all coverages, but there are various requirements needed depending on your location and if your car is under financing.
The ‘must have’ features you need to look for a car insurance policy should include replacement and repair of a windscreen cover; loss or damage of personal belongings following an accident, fire or theft; replacement of keys and associated locks; car rescue coverage; courtesy car and guaranteed repairs. Aside from the ones mentioned, a good car insurance policy offer up to the market value, coverage for the cost of moving the vehicle from the scene of accident to the nearest repairers and a twelve month repair guarantee. Your car insurance company should have new car replacement, loss, stolen or damage car stereo and satellite navigation, accident transport, hotel expenses, twenty-four hour help line, total loss courtesy car, legal expenses and breakdown cover. A good insurance company will give sixty percent of list price and within twelve months from new, up to market value for manufacturers’ equipment, accident passenger coverage of up to seven passengers and emergency help line.
The features under ‘could have’ include coverage for your car when used abroad, replacement of loss, stolen or damaged car seat, and enhanced courtesy car. The things you need to watch out for are the accidental damage excess which refers to the amount of money you must pay in the event of any accidental damage claim, and windscreen replacement excess, which refers to the amount of money you must pay in the event that you need a windscreen replacement. Most auto car policies are good for six months up to a year, and most often you will be notified via mail or email depending on your preference when it is time to pay your premium or renew your policy. You may want to review the different car insurance comparison lists online for you to know the best auto policy for you. We can definitely help you find the best car insurance company basing on your needs and budget.