How Can You Switch To A Different Motor Insurance Policy Smartly?
A lot of people deter from changing insurance company from where they have bought motor insurance policy because they think it to be a tedious task but in today’s technologically advanced world, it is completely hassle free to cancel an existing policy and opt for a new motor insurance coverage. Let us first understand motor insurance. There are three types of motor insurance.
Comprehensive Liability only (Liability only policy can never be cancelled as it is not permissible)
Here are 7 simple steps you can follow to make an informed decision regarding switching motor insurance policy.
Compare Car Insurance Policies Elaborately: Switching motor insurance policies can be tricky as you have to choose between different features of the policies and it can get confusing. First of all, discard the thought of buying the cheapest policy. A policy with the lowest premiums might not have competitive features or a seamless claims process or it may have all of that. The plan is to compare motor insurance elaborately and then take a decision. Liability only policy cannot be cancelled.
Investigate the new insurer carefully: Inspect the new motor insurance plan carefully so that you are assured of your decision after you compare motor insurance. Once you cancel the old policy, you will have to opt for the new one; so it is advised that you do in-depth study regarding the motor insurance coverage offered and weigh all its features.
Consider Add-ons: While taking the old policy, did you reject the add-ons in the policy just to save a few extra bucks without realising that you might end up spending more on your car without these add-ons? Well, this is your chance to rectify that mistake. Consider the trend of usage of your car, your car type and then choose the add-ons that can make your life convenient.
HDFC ERGO offers the most elaborate and flexible policies directed at meeting the diverse needs of the customers, with the promise of 24X7 support, seamless claims process and carefully curated features to ensure complete satisfaction of the policy holders.
Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales