You have done your work and find a policy that offers everything you want on the face of it. You should not assume that all the details you want will be there in the contract. It does not take long to have a quick look at it and make sure. Policyholders are responsible for any mistakes or omissions on policies and for the accuracy of the information provided during quote process.
If there is a problem on the wording of insurance contracts insurers will always assume that you knew about them since they have provided everything within the written documents. You read or not is not something companies either concerned or be held responsible. Take your time with understanding the consequences of certain conditions and requirements. Ask questions to your agent, broker or company directly if you need clarification. Here are a few points you should check before paying and completing the purchase.
- First of all, check that your personal details, insured car specifications (including plate and VIN number) and coverage are accurate. These mistakes can be corrected easily at the time of purchase but can cause real problems at a later stage if they are left to stand as it is. Besides you want to make sure you are paying for the right coverage.
- Make sure any special conditions, endorsements and additional cover agreed is included in the policy. Extra arrangements over a standard policy are easy to miss. You have spent time and effort to arrange the policy the way you want. Now make sure that it is done and you are not offered a standard policy after all.
- Think twice if the policy is worded in a way that it will be very hard for you to sue the car insurance company. If the contract requires lengthy process before you can even think of taking a legal action this gives the chance for the company to play hardball with your claims. If you are denied of the right to take legal action, you should look somewhere else. They must be held responsible for their actions and it is your right to demand it.
- Especially when you are insuring a new and high value automobile you make sure there is nothing in the wordings to suggest that company can use aftermarket parts for auto repairs. Repairs are important part of insurance coverage and you want them done properly. Some companies do guarantee the quality of repairs for the life of the vehicle.
- Check that right deductibles amounts are listed. Particularly when you increased or decreased the standard policy deductibles you need to double check that this is done. Also, make sure that you do not have a ridiculous glass deductible. Glass claims are very common and deductibles should be very low for them.
- Exclusions are the area you need to read carefully. Some policies can be cheap but come with several exclusions that you would not have in a standard policy. For example, you may be using your vehicle to commute to work or business place and you may occasionally run errands for your business. In that case you shouldn’t have a condition on the policy stating that the vehicle to be used leisure only.