Vehicle Insurance Options
Posted On May 19, 2014
Let’s face it, insurance is a necessity in our lives and many of us are unaware how different accident cover can be, when insuring a vehicle. There are many variables which exist and finding the right policy which will cover car smash repairs or car spray painters is a time consuming exercise. This article looks at some of the options available that policy holders need to consider, when deciding upon an insurance policy that suits their needs.
There really are as many insurance policy options as vehicle makes on the road. How on earth can consumers decide on what they want before they need it? Some insurers are exceptional flexible with the policy inclusions, while others make exclusions the norm. Prior to committing to any policy, it is advisable to really think about what you will need in the event of an accident or if you need to make a claim.
Initially, you need to decide if you have a vehicle that is worth having full comprehensive insurance or if you just want to cover any vehicle, yours might collide with. In that case, third party insurance might be enough. Some insurance providers offer third party insurance with fire and theft cover. If the decision were as simple as these three options, it would be an easy decision, however this is far from the case.
Most of the decision making is for full comprehensive insurance policies. Additional extras such as GPS, stereo systems, mag tires and other modifications need to be listed on the policy for the items to be insured. These additions add to the cost of insurance premiums and some may find it tempting to omit such items. If you want them covered, you would be wise to include them, in the event your vehicle should be written off or stolen.
Care should be taken to assess what is expected and included in the event of an accident or claim. For example; if your vehicle has been in an accident and requires repairs, who is responsible for choosing the repairer. In some cases there are several options as to where you can have your vehicle repaired. There are likely plenty of quality crash repairers or panel beaters in Perth and other capital cities that will be within close proximity to the accident or close to home. Navigate here to find experienced panel beaters in Perth. You should know if your policy allows you to choose the repairer or if the insurance provider has a business they support in that area.
A vital inclusion in any policy is access to a loan vehicle, should your be damaged, written off or stolen. Some policies have a limit on the time you can have a hire car and this may not meet your needs. Other policies omit this inclusion altogether. If this is an addition extra you can opt for in your policy, consider how impacted your life would become without access to your vehicle and choose accordingly.