IFFCO-5 questions to ask an insurance company before buying motor insurance

1. 5 questions to ask an insurance company before buying 5 questions to ask an insurance company before buying motor insurance motor insurance When you need to buy two-wheeler insurance, you choose either an insurance company that extensively advertises its services on the TV or a company from whom your friends have bought insurance. But this is not the best way to move forth while buying motor insurance for your car. Like any market, companies in the motor insurance segment provide different services, set prices differently, provide services of varying quality, operate at different hours, and have different claim settlement ratios. So, you must select the right insurance company to insure your car from. The best way to go about it is by asking them questions so we have come up with questions to help you.

2. 1. 1.What is your company’s claim settlement ratio? What is your company’s claim settlement ratio? To select the most suitable vehicle insurance different insurance companies. A company that has the highest claim settlement ratio is the best one for you. A high claim settlement ratio means that the company cares to provide their customers the best value for the money they pay. vehicle insurance company, check the claim settlement ratios of How easy is it to follow your claim sett to follow your claim settlement process? 2. 2.How easy is it lement process? The other aspect about the claim settlement process: how easy is it to make a claim? Many online car insurance renewal online car insurance renewal companies have released smartphone apps to help their customers with lodging a claim. You have to download the app, upload the images or videos of your car’s damages on the app. Then the claim settlement process will be set into motion. One aspect of claim settlement is the claim Turnaround Time (TAT)—the time the company takes to pay heed to your claim after it is lodged. The lesser the Turnaround Time, the better the service. What coverage facilities are offered in the insurance plans? 3. 3.What coverage facilities are offered in the insurance plans? Notice the coverage facilities provided by the motor insurance insurance companies provide facilities such as roadside assistance and towing facilities, wide coverage of garages in the company’s network, cashless insurance coverage, and so on. Ask the insurance company about their coverage facilities when buying a motor insurance policy from them. motor insurance company. Many motor

3. Are there any discounts on the motor insurance 4. 4.Are there any discounts on the motor insurance plans? plans? Ask the insurance companies if they provide any discounts or offers on their services. Many insurance companies attract customers on festive occasions like Diwali with special discounts or offers. These discounts help you save money while paying for the services. The more the discounts, the better the situation for you. What are the add- -ons available with ons available with motor insurance 5. 5.What are the add motor insurance plans? plans? Add-ons improve the coverage of motor insurance plans. Ask the insurance company about the number and type of add-ons they provide. Some of the popular add-ons that insurance companies provide are zero-depreciation cover, roadside assistance cover, key loss cover, passenger assistance cover, engine safe cover, and so on. Do remember that with add-ons comes the price attached to them, so choose add-ons widely. So, these are the 5 questions to ask an insurance company before buying motor insurance or ‘four wheelers insurance’ four wheelers insurance’. We wish you select the most suitable insurance company to cover the safety of your car. Have a nice day!