Protect Your Vehicle and Yourself With Auto Insurance
Knowing all these details is enough to go for auto insurance; however, it is always advisable to read the policy documents properly before signing the documents. It provides property, liability, and medical coverage. Property coverage provides protection against theft while liability coverage protects against any legal responsibilities which are to be performed by you. On the other hand, it also provides medical coverage in case of any injuries and sometimes lost wages and funeral expenses.
In any of the above-stated conditions, both your family and you will suffer huge losses if you do not opt for auto insurance. Opting an auto insurance is compulsory if you are buying certain kinds of vehicles, under which your initial premium will be added to your vehicle's cost and subsequent premiums can be paid either online or offline. Generally, any auto insurance will stay active only for six months or a year; your insurance provider will intimate you before the expiry of a particular policy.
You can renew the policy if you want to continue with the same one or else you can go to a different service provider. There is an option of modifying a particular policy as per your requirement. You can add few more benefits to the existing policy for a minimum additional premium. These additional benefits are termed as riders which are intended to protect you from any additional distresses.
The insurance is applicable to any kind of vehicles like car, two-wheeler or commercial vehicles. The premium amount varies depending upon various factors like insured declared value, type of vehicle, the age of the vehicle, fuel type, the age of the insured, etc. Opting for auto insurance not only cushions you against financial distresses but also supports your family in case of any misfortune. The small penny you pay today will protect you and your loved ones from the large loss that could potentially weaken you physically and psychologically.
Keeping in view these issues many like the Praetorian insurance company made it mandatory to have an auto insurance. So, if you hold a vehicle make sure you have an Praetorian auto insurance which will protect not only you and your vehicle but also your family. Take a look around to find the best and safest option to take a protective cover for you and your loved ones. There are several companies available online and offline to help you with it.
Life Without Car Insurance Can Be A Nightmare
When going out for a drive, Car owners should take great care not just about their life but also of their car. But sadly not every car owner is cautious while driving which leads to road accidents and ultimately them ending-up paying unexpected expenses.
If you're a car owner without car insurance you should consider buying one, as owning a car without an insurance policy can be a living nightmare full of bills that need paying.
1.) medical bills-
A car accident can lead to injuries which ultimately land you in a hospital where you spend time in recovering and paying your medical bills.
2.) medical bills of the people injured-
If the people around the incident were injured as well, you would also have to pay their medical bills.
3.) Repair costs of the property damaged-
Say for instance your car collided with the entrance of someone's front gate. You end up paying for their damaged gate as well.
4.) Repair costs of the car-
And let's not forget about the repair costs of your damaged vehicle.
5.) Totalled car
Say for instance you were driving a car that you just bought with an EMI plan. It's the third month and your car is completely totalled because of an accident.
In other words, you lose your perfectly new car and would still have to pay the EMI amount every month.
You'll be surprised to know that at times mishap to your car can also happen because of external factors like -
1.) Vandalism
Scratches, dents, broken glass, graffiti, glue in keyholes, and slashed tires are some of the most common types of vandalism faced in inner cities.
2.) Theft of car parts
Thieves find this to be an effective way of making easy money, as stealing car parts don't require much skill and can be accomplished in minutes.
3.) Stolen cars
Every year, police make some progress in recovering stolen cars however, the recovery rate is still not close to the total number of cars stolen.
4.) Riots
Riot is a time when parked cars face maximum damage in the form of loots and vandalism.
5.) Flooding
From forming rust to damaged electronic wiring, floods are a natural disaster that can ruin your brand new car.
Yes, owning a vehicle comes with a lot of unexpected expenses that you need paying, especially if you don't have car insurance. Which is why it is crucial that every car owner goes for car insurance.
4 Things to Consider When Purchasing Auto Insurance
Are you looking to buy a new insurance for your car? If this is the case, then you might be overwhelmed with the wide variety of offers that are present on the market. So how do you proceed? In this article, we will be providing 4 tips to help you make the best decision when purchasing auto insurance.Know your requirement
You need to know what you are looking for before starting your search for an auto insurance company. Not all companies are equal, and each one of them specializes in one area of insurance. For instance, some companies specialize in low-cost insurance while others might charge a premium but offer a better service. The key here is to determine which type of auto insurance you want, and then you can start your search.
Consider the reputation
It is also important that you consider the reputation of the insurance company. Some companies might offer some fantastic policies only for you to find out later on that they are not easy to deal with when it comes to claims. For this reason, you should ensure that you check the reputation of the company first.
A quick search online should provide you with feedback from other buyers, and there are plenty of forums online where you can interact with other insurance policy holders to find out whether the company you are interested in is a reliable one or not.
Accessibility
Some companies are only available through online channels while others have local offices. In the majority of cases, the ones that are available solely online are the cheapest, but it can be difficult to get in touch with a real person in the event of an emergency.
If you are more confident in dealing with a real person, it might be important that you consider an insurance company that may have local offices in your area. Also, make sure that there is a phone number listed on the website to ensure that you can quick access to the company.
Compare quotes
As mentioned above, not all insurance companies are equal, and it might be interesting to compare quotes. Nowadays everything can be done online or via email, and this can allow you to get numerous quotes quickly. Just make sure that you are comparing like with like as policies may differ between companies.
Once you are satisfied with a quote, you can still call your insurance agent to discuss further and attempt to get a lower rate for your auto insurance.
If you are looking for the best insurance company, then you might consider the Loya Insurance Company for your insurance needs.
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