Things That the Car Insurer Will Not Tell

There are various offers available for comprehensive car insurance that covers any damages sustained by the vehicles and any liabilities of third parties. There are a huge number of players in the market who provide comprehensive cover at very lucrative premium rates. In fact there are companies who offer a lesser premium to women drivers than any men drivers for the same coverage. They cite statistics as the reason for this discount, quoting figures which indicate that women are better drivers than men. These statistics are not company driven but gathered from independent surveys done by other organizations. Hence the claim of these organizations for being fair is generally accepted.

But more often than not, they do not reveal this clause if a prospective customer is not aware of it and ends up paying the same amount of premium as a male counterpart under the same circumstances.

Car insurance coverage is most of the times is against accidental damage, theft, fire and liabilities of third parties. Yet if one has to make a claim, instances have been witnessed where claims have been denied on grounds that the clauses were not made clear while selling the insurance. For example, it is a common practice that of a third party driving a vehicle is involved in an accident and the vehicle sustains damage, then as per the rule, it’s the third party who is liable to pay for the damages before the claims are presented to the insurance company.

Also, insurance premium is higher for drivers who have been found to be involved in frequent traffic infringements which include speeding, jumping lights etc. This is also a clause that is not revealed as a reason for high insurance and there are times that drivers with good driving habits also end up paying a high premium just because they were not aware of this clause and hence did not raise objections.

Hence it is important that all insurance holders do their homework before accepting a new policy.

Category: Uncategorized