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Things You Should Know About Car Insurance Companies Car insurance is quite an important aspect of insurance that protects your vehicle even from the smallest type of damage. There is a huge misconception about what really a car insurance company offers and what is never covered in the insurance policy. There are number of myths that have been perpetuated for quite some time. Here are the 4 things you should know before you apply for car insurance:
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1. Color has no Impact: One of the biggest myths of car insurance is the color 'Red' on cars will cost you more on your insurance. This statement is totally false, for color has absolute no impact on the price range of your car insurance or even the premiums. Car insurance companies in India determine a vehicle upon basic aspects like engine size, body type of the car, the age of the vehicle, model number, driving record, etc.
2. Pay off the Fair Market Value: The purpose of car insurance is to pay off the fair market value of your car not to pay off your car loan completely. For instance, if your car meets with an accident and it is about 2 years old, the car insurance firm will pay off the fair market value during the time of the accident not the original value of the car. Fair market value includes the depreciating value as well hence it will always be lesser than the actual value.
3. Personal Property Inside the Car: There has been a lot of confusion about the personal property inside the car being covered in a car insurance or not. Car insurance simply means protecting your vehicle and just your vehicle any belongings left inside the car is not covered.
4. Age is a Factor in your Premium Cost: Drives over the age of 55 usually have a low premium for car insurance. Many car insurance companies in India follow this procedure since it is believed that mature drivers have lower risk of accidents and damages. But before you purchase car insurance do check with your insurance company about the yearly premium rate.
Liberty General Insurance is one of the most prime insurance companies and offers a wide range of reliable insurance packages. It understands that your vehicle means more to you that just a simple mode of transport and so ensures that you are able to keep it safeguarded in the best possible way.
Tel: 18002665844 Liberty General Insurance offers various features and benefits in car insurance such as transfer existing, no claim bonus from any insurance provider, hassle-free inspection and cashless claim service, avail of additional protection, claim within 7 working days, etc. Making sure you not just protected but also get full support when needed financially during any happenings.
Contact Us: Liberty General Insurance Company Address: 10th floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel Mumbai Maharashtra 400013 Website: https://www.libertyinsurance.in/ Phone No: 022-67001313 Fax No: 022-67001606 Social Connections Facebook: https://www.facebook.com/libertyGI/ Twitter: https://twitter.com/LibertyGILtd LinkedIn: https://www.linkedin.com/company/liberty-general-insurance Google+: https://plus.google.com/+LibertyvideoconIndia YouTube: https://www.youtube.com/user/LibertyVideoconIndia