Your need for car insurance plan is somehow similar to that of your personal finance, as
buying an insurance policy for your car directly affects your monthly budget.
It's important to understand the impact of choosing to own a life insurance policy on someone other than yourself or allowing your spouse or partner to
buy an insurance policy on your life.
Even though in the article I have presented the claim settlement ratio I feel
while buying insurance policies going by the claim settlement ratio is not the appropriate way of looking at it.
You must ask yourself these ten questions before
buying an insurance policy so that the policy you purchase is ideal for you in every situation of your life.
To
buy insurance policy coverage on anyone, even including your very own family members, you would still need to prove that their death would negatively impact your finances.
You can't
actually buy your insurance policy online, though many insurance companies do offer convenient online account management and payment once you buy car insurance.
If you are concerned about traveling at the height of hurricane season or in the heart of winter,
buy your insurance policy early to ensure you are covered.
Suppose you earn Rs 10 lakh a year and have no other insurance policy you may
buy an insurance policy with the sum assured of Rs 1 crore to Rs 1.5 crore.
Car owners should
buy all their insurance policies such as personal life insurance, home insurance and auto insurance from one insurance company, as most companies offer good rates on combination packages.
A: Owners of apartment complexes
buy insurance policies for their liability in order to cover their buildings and personal property.
In this section, the auto insurance company makes a promise to return the payment that is based on the coverage limits selected by you at the time
of buying the insurance policy.
Insurance companies use these simple life insurance health questions instead of medical examinations as part of your requirement
in buying an insurance policy.