Obtain Your Car Insurance Quote Before You Accept Your New Set of Keys
It is important to obtain a car insurance quote even before you are given the keys to your new sedan, four by four or snazzy sports vehicle. An accident can occur at any time and it is important to be prepared for the unforeseen. Costs to repair or to replace a vehicle after an accident can be quite astronomical and without insurance many individuals will not be able to afford these repairs, not even to mention buying a new car.
Insurance is a daunting topic for many people. The main reason for this is probably the uncertainty surrounding insurance - there are so many different companies and products to choose from, and on top of that, the insurance lingo is enough to make even the most educated person frown. It is therefore important to have a good understanding of the general insurance terms and phrases, before you even pick up the phone to obtain your car insurance quote.
If your policy states that you are not covered against Acts of God it means that you are not covered for damages due to natural causes such as tornado's, storms, flooding, tsunamis, or lightning, just to mention a few. Acts of God are generally excluded from most policies, but can be purchased as an add-on to your policy.
Vehicles are generally insured at the current market value, and it is therefore important to understand how the market value is calculated. The retail value of your car is the amount that your car can sell for if a dealer sells the car for you. Trade value is the value at which the dealer will buy the vehicle from you, if you want to make a direct sell. Market value is in essence halfway between the retail and trade values of your vehicle.
Many Policies will specify that you need to have anti-theft devices installed in your vehicle. In many instances this will make the policy cheaper and in other instances you will not even be able to obtain a policy without these devices in your vehicle. These devices might range from immobilisers to steering wheel locks, alarms and tracking systems. Anti-theft devices need to be approved by your insurance company before you will qualify for a discount on your insurance premium.
You will also note that your policy mentions the term approved repairer. This basically means that you will not be able to take your vehicle to the local panel-beater on the corner, unless the local panel-beater is on the insurance company's list of approved repairers. This is basically to protect the insurance company from sub-quality work. Since they have to pay a lot for repairs to vehicles, they want to make sure that a proper job is done. This in actual fact protects the right of you, the client too.
Obtaining a car insurance quote should not be a daunting task. There are many insurance agents and brokers who will be only too happy to answer all your questions and assist you in making an informed insurance decision.
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