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25 Mar 2016

=Geico Claims=

Things know about be aware of while choosing car insurance policy?


The main criteria add the five "C"s. Is really a brief description of each one:


� Claim settlement policy - The test of your insurance provider is a any time associated with an actual insurance claim. This is possible to check on by studying the company's past records of claim resolution. Now is the time to check if the existing insurance could be moved to another insurance company without decrease in benefits already covered.


� Coverage - Just what is the right coverage in your case? Usually, auto insurance policies cover alternative party liability and own damage. Based on the Motor Vehicles Act, it is mandatory to go for vacation liability insurance cover while own damage is optional. Selecting both is the standard procedure because they cover any damage due to accidents and loss from vacation mishaps. Most insurance providers offer "add-ons" using the basic policy.


� Support services - Thanks to technology, insurance plans are now issued instantly. Besides this, other concerns such as changes in policy or cancellations are processed quickly. In case there is an incident, cashless money is made available in order that post-repair delivery is quick without incurring bills at the workshop. So get a telephone to determine the insurance company's network due to this facility. The greater the network, the better the claimant's options.


� Communication access - The insurer company's contact info has to be readily available. When there is a problem the client got to know whom to get in touch with plus the procedure to follow along with.


� Cost - Last but not least, would be the price or premium. Car insurance policy premium is based upon "insured declared value" or IDV plus the rate multiplier and is determined by the car model, the age of the car, daily mileage along with the terrain with the location. You will need to declare the correct IDV decide on an insurance plan that gives the maximum IDV even if you should incur a slightly higher premium.


Besides the above, listed below are the advantages to consider:


� No claim bonus - if no claim is filed during the insurance period, a no-claim discount emerged on risk cover against own damage in the course of policy renewal. For every single consecutive claim-free year, the discount increases progressively. The actual to keep in mind would be that the no claim bonus eligibility holds good even during case of a fresh vehicle purchase or existing insurance renewal prior to deadline from the different insurance agency.


� Picking deductible - Drivers with a capable record can select "voluntary excess" or deductible to lower their premium payments, in addition to the compulsory excess. With regards to a compulsory excess, the insured is liable to cover a quantity in case a claim is filed.


� Premium according to car type - Should your car has extra security features for instance anti-theft alarms the chances of theft much less and insurance will come with a lower premium.


� Timely insurance renewal - If car insurance will not be renewed prior to expiry date the renewal premium could lead to loss of coverage especially if there's an accident and as well mean no discount for that no-claim bonus.


� Collection of Add-ons- Besides the basic motor insurance coverage, insurance companies offer several optional add-ons. It is important to select the best ones and only purchase those. For instance, if you find a medical expense cover or hospital cash cover, determine for those who have a clinical insurance coverage that already covers these.


� To renew or otherwise not to resume - using the same insurance agency? If it is time and energy to renew the car insurance, compare insurance providers to see what they are offering prior to making a decision. The auto insurance companies are very competitive as well as the same coverage, it is possible to probably obtain a better price elsewhere.


Some final precautions to be aware of are:


� Make sure that the insurer is trustworthy. Always purchase car insurance right from the insurer or looking at the authorized agent.


� Always receive a premium payment receipt.


� When you receive your policy document, examine the IDV, no claim bonus and deductible details to ensure it truly is what you opted for. Any discrepancies has to be notified and rectified immediately.


� Be sure only you sign the proposal form and constantly read before signing


� Tend not to go for monthly obligations because this is costlier than annual payments


Remember that motor insurance protects you and the occupants of your respective car on two counts: from accidental damage and from alternative party claims when you are liable for the accident. Therefore, choose with care.

=Geico Claims=



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