The importance of motor insurance can’t be undermined. However, from the numerous policies available today, you need to be careful in choosing the correct policy that meets your needs best and suits the pocket as well. Here are 7 tips to guide you in achieving the same.

1. 7 Steps you should know to have
the Best Motor Insurance.
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2. What is Motor insurance is all about?
Motor/ Vehicle/ Auto insurance is
essentially the financial coverage sought for
your vehicle in the unfortunate event of any
accident, collision, damage or loss due to theft
or burglary. It constitutes a risk management
procedure for the payment of an equitable
amount of money.

3. 1. Choose your Insurance Company
Wisely
 Be sure that the company has a sound
reputation. This will ensure that in an event
they will represent and protect your interests.
A sound track record of an insurance company
goes a long way in determining the security
and value for your hard earned money.

4. 2. Focus on the Coverage Pattern.
 Ensure that in addition to the basic liability coverage you are
protected with additional collision policies.
 Two basic elements of your Motor Insurance:
 (a) Liability coverage protects your car , in the event, when you are
responsible for damage caused to another person or another’s
assets and in the process you are being sued.
 (b) Property coverage protects your vehicle
against damage caused due to any ‘peril’ like
fire, thunderstorm, flood , lightening etc.

5. 3. Know the Motor Laws of your place.
It facilitates you in choosing a policy that
conforms best with the motor laws.
Different countries , regions and even states
within a country have different laws for motor
insurance. Hence it’s important that one be well
versed with the legal regulation concerning
motor insurance prior to obtaining one.

6. 4. Do your
homework
 Study and research. Draw up a list of
companies offering their services and
zero in on the one which matches your
needs best.
 Understanding your financial situation is
your best control-tool when
determining the coverage amounts for
auto insurance.
 It is always better to opt for adequate
financial coverage than just some skimpy
inadequate coverage. In the long run, it
pays big dividends.

7. 5. What does the company offer? -
Parameters to check out
The company should offer you a policy that
comfortably –
 meets your budget
provides maximum coverage.

8. 6. Bank on proven Track Records
 The company should have a record of
smooth operations concerning
reimbursement and claim recovery.
A financially strong company that effectively
and speedily processes it’s claims can certainly
provide you with the necessary peace of mind.

9. 7. Review standard and quality of
Services
Prompt customer service and instant
resolution of queries along with dedicated
assistance 24*7 need to be ensured so that
help is available whenever you need it most.

10. The presentation “7 Steps you should know to
have the Best Motor Insurance.” is brought to
you by Consumers’ Guarantee Insurance.