You hear many things about comprehensive car insurance, and sometimes it is hard to know what’s right and what’s wrong. In this digital generation, there’s lots of tempting and confusing information out there about car insurance.
So before you apply for an insurance plan, it is helpful to understand its many elements. This article will help you clear some of the confusion and doubts about car insurance.
Your mechanical repair bills in case of an accident
Not all insurance schemes cover your mechanical repair bills caused by an accident.
For example, mandatory CTP insurance covers compensation payments for people your car injuries, however it doesn’t cover damage to other people’s car and property, and not yours.Third party property damage car insurance covers damage to others’ cars and property, but not your own.
So be mindful while choosing your car insurance – check to what extent it covers your repair expenses and what your excess will be. There are a plethora of options available while buying insurance, so make sure you are aware of the various things each provider covers. They usually differ slightly.
Car theft
When you get a car in Australia, everyone must get CTP insurance but this insurance does not provide any cover if your car gets stolen. If you are getting a new car, you will likely get comprehensive car insurance, covering loss from theft.
But sometimes, people who buy second-hand cars do not opt for comprehensive insurance as the costs can be higher. The good thing is that you don’t necessarily have to buy comprehensive insurance to get theft coverage. Nowadays, insurance companies are offering third party car insurance with fire and theft coverage!
Coverage for valuable extras
Child car seats, groceries and clothing are a few of the things prone to theft if you leave them in the car. People generally take their other valuables along with them while leaving their cars.
In a case where your food, kids’ seats, etc, are kept in your car and someone steals it – does your insurance cover that risk?
Comprehensive car insurance offered by some providers includes the option of a ‘content insurance’ add-on, covering the risk of losing/damaging some of your valuables ! So if you’re a person who forgets things in your car, you should compare car insurance and choose the one which offers cover protection for your valuables.
These are a few things you should keep in mind before you apply for a car insurance plan. The best thing to do is to know the potential policy thoroughly before going with it. Equipping yourself with the correct facts will help you make a well-informed decision.
Lastly, in case of any confusion, it is always best to reach out to your provider. Talk to them and if you are not satisfied, look for help somewhere else. Car insurance can go a long way; it is vital to have a policy that covers potential future damages.
Compare car insurance today and get a great car insurance quote today!
