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

Many car insurance companies offer a host of features for car insurance policies with varying importance and priorities. A car insurance or auto insurance is a contract between you and your insurance company, wherein you agree to pay the premium and the insurance company agrees to pay losses as defined by its terms and conditions. Various car insurance policies offer property, liability and medical coverage. Property insurance covers 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 pays for the cost of injury treatment, rehabilitation and some would cover lost wages and funeral expenses. There are various requirements for availing a car insurance policy, but generally it is composed of six different kinds of coverage and you are not required to buy all coverages.

The ‘must have’ features for any insurance coverage 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. Aside from the ones mentioned, a good car insurance policy offer 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. ‘Should have’ features include 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. A good insurance company will give 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.

The ‘could have’ features may include coverage for your car when used abroad, replacement of loss, stolen or damaged car seat, and enhanced courtesy car. In any insurance policy, you need to also watch out for accidental damage excess and windscreen replacement excess for your car insurance policy, which refer to the amount of money you must pay in the event of any accidental damage claim or windscreen replacement. Most auto car policies are good for 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 are able to help you find the best car insurance company that suits your budget.

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