Car insurance is coverage for accidental loss or damage to your motor vehicle due to a road accident or any other unfortunate event such as theft. It also protects you against liabilities to third parties like third party property damage and third party bodily injury of death. If you need insurance for your car you need to know the types of car insurance available, premium charged, coverage extensions applicable as well as the insurance companies that offer this cover.
Car insurance is issued by insurance companies to the public either direct or through insurance intermediaries like insurance brokers to coverage against loss or damage to motor vehicles as well as paying for legal liabilities to third parties. Insurance companies advertise their products through various advertising channels like on televisions, in news-papers and pamphlets as well as through the radio. If you listen or read any published insurance article you will get the information on what you need to do if you need car insurance.
It is important to know the insurance companies that offer car insurance regarding the types of motor insurance products offered, reputation as well as service capability. If you want a car insurance policy you can get it through the broker or directly from an insurance company. If you search on the Internet, read newspapers, watch television or listen to any communication channel you can get the names of the insurance companies that offer car insurance. The common types of motor insurance products are comprehensive cover, third party only and third party fire and theft. You definitely need to know the scope of coverage for each product before your choose the best for you.
If you need car insurance coverage, you need to first gather quotations from more than one insurance company and compare the best quotation. You need to analyze the premium charged, type of insurance coverage offered, premium payment plan as well as policy extensions, conditions and exclusions. This guides you in taking the best car insurance for you. Insurance brokers are preferred to deal with if you need car insurance because they have ample time to explain the pros and cons of each motor insurance coverage and assist you in choosing the best and capitalized insurance company. These insurance brokers are well positioned in terms of negotiating with insurance companies the best coverage for you at competitive rates, terms and conditions.
The information required by insurance companies when you need a car insurance policy are your personal details and the details of your car. The details of the car include the make or model, mileage, registration or vehicle identification number (VIN), chassis and engine numbers, security features, where you park your vehicle over night and as well as your past claims free record. This is the information that you need to gather before you ask for a quotation for car insurance from an insurance company.
Tips and comments
It is highly recommended to buy car insurance in order to have full coverage when your car is stolen, damaged in an accident, or if you incur any liability costs.
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