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7 steps  you should  know to have the best motor insurance
 

7 steps you should know to have the best motor insurance

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The importance of motor insurance can’t be undermined. However, from the numerous policies available today, you need to be careful in choosing the correct policy that meets your needs best and suits ...

The importance of motor insurance can’t be undermined. However, from the numerous policies available today, you need to be careful in choosing the correct policy that meets your needs best and suits the pocket as well. Here are 7 tips to guide you in achieving the same.

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    7 steps  you should  know to have the best motor insurance 7 steps you should know to have the best motor insurance Presentation Transcript

    • 7 Steps you should know to have the Best Motor Insurance. ===================================
    • What is Motor insurance is all about? Motor/ Vehicle/ Auto insurance is essentially the financial coverage sought for your vehicle in the unfortunate event of any accident, collision, damage or loss due to theft or burglary. It constitutes a risk management procedure for the payment of an equitable amount of money.
    • 1. Choose your Insurance Company Wisely  Be sure that the company has a sound reputation. This will ensure that in an event they will represent and protect your interests. A sound track record of an insurance company goes a long way in determining the security and value for your hard earned money.
    • 2. Focus on the Coverage Pattern.  Ensure that in addition to the basic liability coverage you are protected with additional collision policies.  Two basic elements of your Motor Insurance:  (a) Liability coverage protects your car , in the event, when you are responsible for damage caused to another person or another’s assets and in the process you are being sued.  (b) Property coverage protects your vehicle against damage caused due to any ‘peril’ like fire, thunderstorm, flood , lightening etc.
    • 3. Know the Motor Laws of your place. It facilitates you in choosing a policy that conforms best with the motor laws. Different countries , regions and even states within a country have different laws for motor insurance. Hence it’s important that one be well versed with the legal regulation concerning motor insurance prior to obtaining one.
    • 4. Do your homework  Study and research. Draw up a list of companies offering their services and zero in on the one which matches your needs best.  Understanding your financial situation is your best control-tool when determining the coverage amounts for auto insurance.  It is always better to opt for adequate financial coverage than just some skimpy inadequate coverage. In the long run, it pays big dividends.
    • 5. What does the company offer? - Parameters to check out The company should offer you a policy that comfortably –  meets your budget provides maximum coverage.
    • 6. Bank on proven Track Records  The company should have a record of smooth operations concerning reimbursement and claim recovery. A financially strong company that effectively and speedily processes it’s claims can certainly provide you with the necessary peace of mind.
    • 7. Review standard and quality of Services Prompt customer service and instant resolution of queries along with dedicated assistance 24*7 need to be ensured so that help is available whenever you need it most.
    • The presentation “7 Steps you should know to have the Best Motor Insurance.” is brought to you by Consumers’ Guarantee Insurance.