Car insurance is the other name for Vehicle Insurance Vehicle insurance. The Insurance provides protection against any physical damage which results from traffic collisions and liabilities. There are some rules and regulations under many jurisdictions. According to this jurisdiction it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Over the years Statistics have shown that women are safer drivers than men resulting in women enjoying lower car insurance rates than men.
There are few things that need to be kept in mind before searching for a good Insurance car cover.
- Cheap car insurance is offered to cars with smaller engines. So buying a small car results into paying less insurance.
- If a person tends to drive on a regular basis he or she should always find a policy that offers a discount for low mileage.
- There are different ways for availing a cheap car insurance policy with features like anti-theft devices.
- Always put your children in a different policy if you are above the age of 45.
The list of the different items that the Vehicle insurance covers are as follows:
- Medical Payments
- Physical Damage to the vehicle
- Any third party like the car or people
- Any case of Fire and theft.
An excess payment is the fixed contribution that must be paid each time the car is repaired. When you collect the car the payment is made directly to the garage. The insurance company will deduct the excess agreed on the policy from the settlement payment it makes to you if the car is declared totaled. Excess payment can be easily reclaimed if the other driver admits his fault. There are two types of Excess payments namely Compulsory excess and Voluntary Excess.
No comments:
Post a Comment