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5 Common 4 Wheeler Insurance Mistakes

A 4 wheeler insurance policy is the most important document, firstly because it is mandatory, and secondly, it protects your vehicle against accidental damage, loss, and legal issues. Visit: https://www.libertyvideocon.com/private-car-insurance

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5 Common 4 Wheeler Insurance Mistakes

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  1. 5 Common 4 Wheeler Insurance Mistakes Buying 4 wheeler insurance is a mandate by law, for anyone who owns a car. It provides a financial safeguard when you get into an accident. However, there are a number of 4 wheeler insurance mistakes that one could be making in choosing the right policy. Buying without Comparing Look for new quotes every year, instead of simply renewing your car insurance with the same provider every year. Some other insurer might be providing a better coverage at the same rate. Not comparing different insurance policies is the most common car insurance mistake people make. Ask For It Do you want a discount? Ask for it. There are a number of discounts (like multiple policy discounts) that may be on offer. If none have been mentioned, make sure you ask anyway. Wrong IDV When you do not insure your vehicle for the full IDV, you can pay lower premiums. But in the long run, it is not a good option. If there is an accident or a claim, you will be paid less than what is required. Premiums as EMI A lot of insurance companies have begun offering the EMI option to pay the premiums. A lot of people see the lower payment amount and go for it, what they forget is that there will also be some interest applicable. As much as you can, it is always better to pay off the complete premium at once. Regular Maintenance

  2. Regular maintenance helps avoid any issues from growing, plus, insurance companies always look at a car’s maintenance records before quoting a premium. A well maintained car can fetch lower premiums, while a poorly maintained car will cost more for insurance. Your 4 wheeler insurance rates will be better, if you avoid these common insurance mistakes. After all, a penny saved is a penny earned. Address : 10th floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel Mumbai Maharashtra 400013 Website : https://www.libertyvideocon.com Phone No : 022-67001313 Fax No : 022-67001606 Email : care@libertyvideocon.com Social Connections : Facebook : https://www.facebook.com/libertyvideocon Twitter : https://twitter.com/LibertyVideocon LinkedIn :https://www.linkedin.com/company/liberty-videocon-general-insurance Google+ : https://plus.google.com/+LibertyvideoconIndia YouTube : https://www.youtube.com/user/LibertyVideoconIndia

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