It is very common in today’s world to make quick online insurance purchases. This is especially applicable to motor insurance. However, it is always a good idea to get your doubts cleared before you make a purchase, whether online or offline. But if you are like most people out there, you may not even know where to start from and what questions to ask your agent! Worry not; we are here to help! Take a look at the top questions listed below and you will know exactly what you need to speak to your agent about.
Car Insurance Questions to ask Your Agent
- What Kind of Insurance is Best Suited for Me?
As we all know, there are different kinds of car insurance that are available. You can choose between a comprehensive cover and a third party cover. While the former gives you a larger coverage, the latter provides for legal costs and damage repair charges when you are at fault for injuries to another car. You need to know the differences between the two covers as only then can you make a proper claim at the time of a need. So speak to your agent and understand the clauses of the different kinds of car insurance very clearly.
- What is Risk Assessment?
The insurance company, before deciding upon the premium to charge you, will assess your risk profile. The factors they will consider include your age, your occupation, your gender, and most importantly, your driving record. A person who has many traffic mishaps in his name will automatically be charged a higher premium. Speak to your agent about this point and get a clear idea about what your risk profile will look like.
- What add-on Benefits are Available to Me?
Before you buy any insurance policy, you must look for riders and added benefits. Ask your insurance agent about the riders available along with the car insurance policy. Various riders such as the personal accident cover, depreciation cover, etc are available. Understand what each rider covers and see if you require them. Ask your agent exactly how you can personalise your policy to get the most out of it.
- What Will be the Deductible?
Even though many car insurance providers offer cashless facilities, there is a certain amount that you may to pay out of your own pocket. This is known as the deductible. Speak to your agent about the deductibles that you will be charged and understand exactly what you will be charged for. This will save you a lot of problems and questions at the time of a claim.
- What are the Discounts Available to Me?
Car insurance comes with many discounts and bonuses such as the no claim bonus (NCB). The NCB is a discount offered if the policyholder doesn’t make any claims in one whole year. This brings down the price of the premium in the following year. Insurance providers also offer various other discounts and so you must ask your agent about the available discounts.
- How Can I Pay my Premiums?
Like other kinds of insurance policies, in motor insurance too you have the option of paying your premium annually, bi-annually, quarterly or monthly. Speak to your agent and understand which premium paying term would be best suited for you. Premiums are the single most important component of a policy and so you must make sure that you are able to pay them on time.
- What is the Claim Process?
Last but not the least, you have to ask your agent about the claim process. Many policyholders are left clueless about what to do when they find themselves involved in a motor mishap. You have to know the exact claim process so that you can make a claim without any hassles and that too at the earliest. Speak to your insurance agent and understand all the factors related to a car insurance claim process.
Your agent is your friend and he/she is always there to help you. So clear all your doubts and only then buy or renew your motor insurance policy. This will not only help you, it will also make the insurance policy more economical for you.
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