Every car insurance policy offers you a unique set of benefits. Therefore it is wise to compare different motor insurance policy features before you sign on the dotted line. This will ensure that you get what you want so that your needs are served. After all, it is no use spending a ton of money for a product you do not know much about, isn't it?
Having said this, we have to know which are the most salient features we must pay attention to. This article tells you more.
The first and most important benefit you should be looking at is the type of coverage. There are 3 main types of coverage available in the market. The first one is Comprehensive Coverage. This offers you the most benefit compared to the rest. With this type of coverage, you are able to claim for damages to other people's car as well as your own.
The other types of motor insurance are Third Party Only and Third Party Fire and Theft coverage. These have limited coverage and most car owners will not find this useful. The only thing good about them is their price. Nevertheless they may turn out to be the most expensive motor insurance you buy because they may not serve your needs.
Other than the type of coverage, your policy excess deserves some attention. Excess is simply a type of co-insurance. It is also known as a deductible. Different car insurance policies offer different excess. Some are high while others are low. A few motor insurers even offer zero-dollar excess to attract new customers into their fold. Whatever it may be, you must consider how much you want to pay before claiming the rest of the repair cost from the insurer. If you have to increase or lower your car insurance, by all means do so. Choose an excess value that feels right to your budget. Otherwise you may feel stretched if an accident really occurs.
Finally, you have to compare the claims efficiency. This is not really a feature you can see on paper. It will not be spelled out and no insurer will promise great efficiency when it comes to claims. For most consumers, this is transparent. But not knowing about this does not mean it is not important. Car insurance is meant to protect you from financial distress. So in order for your car insurance policy to serve this end, your insurer must be willing to process your claims without dragging its feet.
To compare this hidden feature, you have to get feedback from clients who have used each insurer's service. But this is very tedious and time consuming. A better way may be to ask a car insurance specialist. They work with different auto insurers and will know how efficient they are when it comes to claims.
One of the most established car insurance corporation in Singapore is actually OAC car insurance. You really should compare and contrast different car insurance policies against this to find out what you are missing out on.
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Carl Vouz
Car Auto Article FeedFind More ArticlesSearchSimilar ArticlesOptions To Compare Car InsuranceComparing Home Insurance Policies Can Save You MoneyCompare Automobile Insurance to Get SavingsComparing Car Insurance in Australia - 7 Things to Think AboutComparing Car Insurance Online the Easy WayCompare Car Insurance Policies to Get a Good DealCompare Car Insurance Quotes to Get the Best DealCompare Car Insurance for Your Own BenefitCompare Car Insurance - Your How-To Guide3 Things to Know When You Compare Car Insurance QuoteRecent ArticlesWhat Influences the Cost of Auto Insurance for Students?Car Insurance Ratings And Reviews Help Find The Best Insurance For Your NeedsWhere Do I Find the Full List of Car Insurance Companies?Guide to Understanding Car Insurance RatesWhat Should You Know About California Auto Insurance?How to Do an Auto Insurance ComparisonHow to Find Cheap Auto Insurance for High Risk DriversSearching for Cheap Auto Insurance Coverage?Reasons Why You Need to Do an Auto Insurance ComparisonThe Benefits Of Reviewing Different Car Insurance FeaturesSubmitted On February 09, 2012. Viewed 8 times. Word count: 472.MLA Style Citation:Vouz, Carl".".9 Feb. 2012EzineArticles.com.14 Feb. 2012
Vouz, C. (2012, February 9). . Retrieved February 14, 2012, from http://ezinearticles.com/?The-Importance-Of-Comparing-Different-Car-Insurance-Benefits&id=6860179Chicago Style Citation:
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