damages, you end up losing your NCB.
Shop smart: Another way to save money on insurance is by not taking up the first offer made to you. Instead, it’s better to look around and search for alternatives. You will see that premium amounts vary from one insurance company to the other. If you bargain and ask for a lower quote and higher discounts, insurance companies are likely to give you one if you show enough interest. Go online and compare quotes from different companies and ask your insurance agent to match these or better them.
Most people assume that buying comprehensive insurance is the more than enough. At first, it does sound like a great deal. The car is covered for damage by natural calamities, and even the third party involved in the accident is also taken care of by the insurance policy; be it the vehicle or the driver. And you also get a personal accident cover, which is a part of the insurance scheme. So, what’s missing?
For starters, did you know that engine damage isn’t covered even by comprehensive insurance? Yes. That’s right. Parts are obviously expensive and if the car were in an accident bad enough to cause engine damage, you could be looking at a hefty bill despite the protection. When you buy insurance, ask the agent if the insurance company will foot the bill if the engine is damaged in an accident. The answer will most likely be a no.
But fret not, there is a way out. By paying a little extra you can get this important part of the car insured. What you need to check is what kind of damage is covered. Damage because of water entering the engine and oil leaks should be covered too. If this happens, the insurance company will pay for the replacement or repair of the parts, although you may still have to bear the labour costs. But the latter is generally relatively lower.
Then there is road side assistance cover. Get this and there are quite a few benefits waiting. In case of a break down, your insurance company