With the competition between insurance companies being so stiff, it is now easy to find affordable insurance cover that will protect clients against financial loss and the car against damages. Some insurance companies include certain benefits on their insurance policies that are offered exclusively to the clients of those particular companies. These additional benefits usually cost an extra contribution to the premium. Clients must make sure that they have enough basic and essential cover before they consider any optional cover. Below are the types of cover that is included in a basic insurance policy. Comprehensive car insurance policies cover all the hazards listed below but limited car insurance policies will only cover some of the hazards for a lower premium.
Accidental Damage
Insurance policies will cover the repairs on a vehicle that has been damaged in an accident. If the damage is irreparable, then the vehicle will be written off and the insurer will pay out the replacement value of the car.
Third Party Liability
The insurer will fix or pay for any damages caused by the client to other people’s property or vehicles. This benefit may also cover claims for injuries caused to any person by the client during an accident.
Fire
Damages that are caused by fire will be covered.
Natural Disasters
Should the car be damaged because of natural phenomena such as floods and storms, the insurer will fix or replace it.
Malicious Damage
The insurance industry realizes that certain strike actions can turn violent and disruptive. They will cover any malicious damages caused to the client’s car by strikers as long as the client was not part of the strike or protest action.
Theft and Hijacking
During any hijacking, the motorist is lucky to get out of the situation alive. They can claim the replacement value of the stolen car from the insurer
Clients must ensure that they pay their premiums every month so that the insurance company will honor claims. Clients need to provide the insurer with all the required information to prevent any delays in the event of a claim.