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Buying A Car? Select the Right Insurance Policy This Way

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Buying a car is not just any regular purchase, as it is a valuable and expensive possession. That is precisely why you consider all the vital aspects before sealing the deal. Along with spending much time on deciding the model, different accessories, and other such things, it is also crucial that you look into car insurance policy details.

Buying third-party insurance is a mandatory requirement for every vehicle owner in India. However, since having a car insurance policy will also lend you considerable financial support in case of any untoward happening, you must buy the right policy that may include coverage for other things as well.

It can sometimes be unnerving to choose the right car insurance plan, as many options are available in the market. Hence, buying a policy from a renowned insurer is crucial. One of the best plans available is Tata AIG car insurance, which you can customize as per your convenience. Tata AIG is one of the leading names in the Indian insurance sector you can count upon for your motor insurance needs.

Here are a few steps you can follow to select an insurance policy that is most suitable for your car:

 

1. Choose The Right Type Of Cover

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Two types of car insurance covers are available in the market- comprehensive and third-party.

Third-party cover, as the name suggests, provides protection only against third-party damages. If god forbid, your car causes damage or loss to another vehicle on the road; then, this cover will provide you support in paying off the expenses you owe to a third-party person. It is also the minimum requirement of owning a car insurance policy in India, as per law.

In a comprehensive cover, apart from covering third-party damages, the insurance also covers your vehicle and you against contingencies. It is best to have this cover to safeguard your vehicle against theft, natural calamities, mishaps, and similar other events. You can buy a Tata AIG car insurance policy that offers comprehensive coverage for protection against many uncertain events.

 

2. Select A Renowned Insurance Company

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After deciding the right type of coverage, the next essential step is to select the right insurance company. It is because your relationship with the company is not limited to buying the policy. To experience satisfactory customer support facilities, you may approach insurers such as Tata AIG that offer considerable support to policyholders at each stage. Also, Tata AIG car insurance policy offers a wide range of benefits, including coverage for loss of damages to the insured vehicle and personal accident cover for owner-driver.

It is imperative to know such things beforehand as your relationship with the company lasts until the maturity date of the policy and continues when you renew it. Selecting the right insurance company that can provide a customized plan, suitable for your needs is of utmost importance.

 

3. Read Customer Reviews

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You should also check customer reviews about different car insurance policies. It is because they can provide substantial information about the plans and the insurer as well. For instance, if you want to buy Tata AIG car insurance policy, then check its customer reviews online to get a better idea about its coverage and various rider options.

You may also find reviews that include customer’s overall experience with the company, which will help you make the final decision of buying the policy. Thus, it is crucial to read more about motor insurance reviews online before purchasing a plan.

 

4. Check the Insurer’s Claim Settlement Ratio

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The entire purpose behind purchasing car insurance is to get the necessary financial assistance during an uncertain event. That is why it is vital to check the insurer’s claim settlement ratio before buying. A higher claim settlement ratio of the insurer would mean that there is a higher possibility of your claim getting settled, provided you have not made false or unreasonable claims. It also means you will get the necessary support from the insurer during times of need.

 

5. Safeguard Your Car With The Right Car Insurance Policy

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Safeguarding your vehicle and yourself against unprecedented times is essential. When looking for the best policy, you may choose ones from renowned insurers such as Tata AIG car insurance plans that offer reliable customer support along with comprehensive coverage. The company also provides the option to avail of add-on benefits like additional personal accident cover, zero depreciation cover, no claim bonus, and several others such as these.

A comprehensive car insurance policy will keep you and your vehicle secure against contingencies. Therefore, aim to buy the best plan for maximum security.

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Anushka Jain
the authorAnushka Jain