Top Auto Insurance Questions Answered

Whenever we are about to buy something new, we have tonnes of questions in our mind. When I was about to buy my first car, I remember asking my friends, family, and the seller tonnes of questions. In hindsight, their answers played a big role in my decision. I am glad that I asked the questions that I did as I was able to get a good deal on my first car.

However, not all people are like this. Many of us have questions in our mind which we are too embarrassed to ask about or plain lazy. For such people, my advice is that you should be straightforward and muster the courage to ask anything that is bothering you. Consider this, you just bought a new vehicle & now you need insurance for it.

You probably have various questions in your mind at the moment. It is only natural & nothing to worry about. After all, buying insurance is not like buying groceries. You are stuck with it for some time while your groceries run out in weeks or a month at maximum. Also, if you meet an auto accident, it is your insurance which will determine how much & which types of expenses are covered.

Therefore, it is advisable to do a lot of research before buying auto insurance. Well, this article does exactly that. It elaborates on the most common auto insurance questions. Not only will this article mention the top auto insurance questions but also answer them. So, keep reading to know what we have in store for you.

What Types of Auto Insurance Are There?

The purpose of this post is not to confuse you but provide you with factually current information. Primarily, there are two types of insurance – 1) third-party; 2) comprehensive. As the name suggests, third-party insurance is one where the damage to a third-party’s vehicle or the person itself is covered. However, injuries to yourself or your car are not covered under this policy. On the other hand, comprehensive policy covers third-party damage (vehicle + person) and also your own damages (personal injuries + car damage).

Which Type of Documentation Would I Need?

Insurance providers cannot provide you with insurance cover just because you own a vehicle. There are various documents which you will require while applying for insurance. For example, if you are buying car insurance in UAE, you will need a compliance certificate. This certificate states that your vehicle meets the specifications set by the GCC. Also, you would need the information regarding your vehicle. If you are planning to apply for discounts, make sure to have a ‘No Claim Discount Certificate’. This certificate is proof that you have not made any claims with the provider. Many insurance providers offer various discounts for this.

Which Type of Information Do Insurance Providers Need?

Insurance providers will be looking to get various types of information from you. The type of information which they can legally ask you to provide varies from place to place. In countries like the USA, it varies from state to state. Therefore, you will have to check what type of information you can provide by going through the relevant laws. Most insurers ask about your past accidents, credit score, marital status, and things like that.

How Do I Make A Claim?

Many people do not understand how they can file a claim with the insurance provider. Unfortunately, they commit mistakes which leads to issues with the provider. Therefore, read this part carefully. Whether you are at fault or not, call your provider immediately. Tell them what happened & follow their instructions. Also, keep notes of what the insurance provider told you during the call. You will be required to provide information. Please keep all bills & documentation regarding the accident with yourself. Submit copies to the provider. Lastly, keep following up with the company to know about your claim status and what has been done so far.

Final Thoughts

This concludes our article today. We hope that you find it informative. If you have any other questions in mind, make sure to let us know in the comments section. Thank You.