Figuring Out Insurance

Car Insurance Company Comparisons: What to Look For in a Car Insurance Policy

Car insurance companies provide a host of features for its insurance policies with varying importance and priorities. Car insurance is a is a contract between you and your insurance company, wherein you agree to pay the premium and the insurance company agrees to pay your losses as defined by its policy. Some of the coverage of auto insurance companies include property, liability and medical coverage. Property insurance coverage pays for theft or damage of your car. Liability coverage pays for your legal responsibility to others for property damage or bodily injury. Medical insurance coverage include the cost of injury treatment, rehabilitation and sometimes lost wages and funeral expenses. There are different requirements for availing an auto insurance policy, but generally it comprises six different kinds of coverage and you are not required to buy all coverages.

Car insurance coverage 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. A good car insurance policy must have 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. The ‘should have’ features you need to look for a car insurance policy are 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. Apart from the ‘should have’ list already mentioned , a good insurance policy provides 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.

‘Could have’ features cover your car when you’re driving 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 car insurance policies ranges six months to a year, and most often you will be notified via mail when it is time to pay your premium or renew your policy. To check the best car insurance policy for you, it is best to check the car insurance comparison lists available online. We can help you find the best car insurance company that best suits your needs and budget.

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