| Product: |
Motor Insurance in general |
| Date: |
26/02/04 (1018 review reads) |
| Rating: |
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Advantages: It could help you in the long run :)
Disadvantages: If your in the middle of a claim it could be too late :(
Right we have our car insurance but do we know what our car insurance really involves?...
I think not.
I have spent the last two years in a claims department and one thing that always strikes me is the fact that everyone that has taken out their car insurance without knowing what they are actually covered for, why?.
Its not the case of reading the small print (Why is it people always blame it on the small print? - Its not written in the small print - there is no small print!).
People always read what they want to believe.
When do you know what your cover actually involves?, well for most it is in the unfortunate incident that they have had to make a claim on their insurance policy.
I just wanted to point out a few of the most common complaints and please if you require the below please check you have the facility for these on your policy.
Courtesy Car
My car has been in an accident and it is undriveable am i covered for this?
Why wait until you have a claim and have the possibility of finding you are left without a car?
Check with your insurance provider if you dont have this look into other options available you may be able to add this to your policy for a small fee.
Some insurance companies offer this service only if you go to their approved garage so check your restrictions.
My car has been classed as a total loss (written off) Am I covered for a courtesy car?
again check anyone who has been through a claim will be able to tell you the inconveinience of being left without a vehicle.
No Claims Bonus.
No Claims is literally what it says no matter how unfair it seems if you make a claim you loose the bonus (the amount you loose will differ with the different providers).
It is a no claims bonus NOT a no blames bonus so if you habve a non fault accident and claim from your insurers you will loose the no claims bonus stated however, if your insur
ers can get the money back from the party at fault they will reinstate your no claims bonus (although this can take time).
Protected No Claims Bonus .
Check with your insurers to see if you can get this, you may have to pay a small fee but at least if you have to claim on your policy you dont automatically loose your no claims bonus.
May I also please remind you to take peoples names and note down what they are telling you(We dont bite and are happy to help, honestly!).
Excess.
Even if an incident is not your fault you may still have an excess on the policy, check what your excess is, make sure you are able to afford it should such an incidemnt arise.
You can raise your excess amount in order to lower your premium so look into this and check you can afford it.
The excess if any is the first part of an insurance claim (paid by yourselves) if another party is at fault you will probably have to pay it and then recover it back yourself (Again check if you have legal cover on the policy they may try to claim the money back for you) or Check your insurers may do this.
Legal Cover.
If you have had an unfortunate incident and are looking to pursue an injury claim check to see if your policy has legal cover included (Wheres the point in using a no win no fee solicitor if you already have this option on your policy? Chances are you have and wont have to pay any extra).
If I can be of any further help please dont be afraid to get in contact.
Hope this helps :)
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