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Buying a new car is an ecstatic feeling. A car provides luxury and better comfort as compared to other modes of transport running on the road. Buying a financial security for this luxury makes sense, as one cannot predict the impact of an unfortunate event. This is where car insurance comes into the picture. It is supposed to cover you against financial losses caused because of the insured car.
Is your car insurance policy about to expire?
It is imperative to thoroughly understand the insurance policy you are buying, no matter what type of insurance it is. When looking for a car insurance people are hindered by numerous misconceptions. Let’s go through those myths which people still carry while buying car insurance.
Most vehicle owners, even the ones who care and maintain their vehicles meticulously often focus on the purchase of the vehicle alone and spend little or no time to review the kind of insurance their vehicle needs. The monsoon season is one such time where the right insurance goes a long way in providing financial assistance for timely vehicle repair.
Many car buyers or car insurance repeat customers show immense reluctance in researching insurance offerings.
Kapil was happily driving across his neighbourhood to pick up his one-year-old son from school when an errant truck appeared out of nowhere forcing him to swerve his car into the service lane. In the process, he crashed into a pole and suffered severe injuries.
Owning a car today is no longer perceived to be a luxury, but a necessity. Given the high disposable income, easy availability of finance and attractive discounts, buying a new car has become easier as compared to the past.
Many people wonder whether an insurance policy is necessary at all; particularly, when there have been no claims availed in several years.
There are a few simple things you can do that will not only save money on your insurance premium but also save the time involved to insure your car.
The right insurance policy will not only save you money, it will also make your claims process easier either through simpler processing or a wider reach across garages. We give you a few tips on how to find the right policy for your new car.
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