Oct 11, 2017

Insurance can be a tricky business.  When it comes to insuring your automobile, you cannot afford to take any undue risks. It’s important to understand the terms and conditions,  follow the tips and avoid the traps of automobile insurance. Don’t know where to start? Don’t worry. We’ve got you covered. Here are some of the do's and don’ts of automobile insurance.

The dos

If you want the best out of your car insurance, here are some of the things you need to do:

Shopping for the best insurance policy

 One of the first steps you need to take, even before you apply for the insurance policy, is to shop for the best insurance deals around. Shopping is fairly easy and won’t take up much of your time. There are several websites that are specifically designed to enable you to compare deals by different insurance providers. You need to know you’re making the right decision before you make one.

Understanding the terms and conditions

Insurance deals and rates, however, are not the only things that can help you make the right decision. You need to be sure that the policy you choose is the right one for your needs and purposes. This may not be a concern right now and your car insurance can go on smoothly for many years.

There may come a time, or particular situation, later on where  you may realize that your policy does not reflect your needs. You have to be sure to keep reviewing and updating your policy at regular intervals. For instance, a change in marital status can bring a corresponding change in your insurance policy as well. 

The don’ts

The car insurance landscape is full of some of the things you need to avoid. Here are the don’ts of automobile insurance.

Ignoring the insurance policy time limits

We asked you to read the terms and conditions of your policy before you sign and there’s a reason why we did so. You absolutely cannot afford to ignore some of the crucial details of your policy, such as the time limits it sets for you.

Many insurance policies set time limits to comply with their requirements. For instance, insurance providers may ask you to provide the proof of loss within a fixed number of days. If that’s the case, you need to know about it. You should know your policy inside out. Otherwise, you’ll end up paying for the insurance out of your own pocket.

Skipping uninsured motorist coverage

One of the things people always skip, is uninsured motorist coverage.  If the driver who hits you doesn’t have adequate insurance, it may be your responsibility to cover for your damages yourself.

To avoid  such responsibility , you need uninsured motorist coverage. You cannot count on the availability of someone else’s insurance because later on,  you may have to pay out of pocket for the damages. 

Thanks for Signing up for ConsumerHacks™

You are now a certified Hacker!

Make sure you add our email to your address book: