How to buy Car Insurance in the Philippines
There are a few steps involved to buy car insurance. First of all, you must have an insurable car. Most car insurer accepts cars which are not more than 10 years old. If your car meets these criteria, then you can buy car insurance.
1. Get a car insurance quote. You can do this by calling your car insurance agent or broker, asking the in-house car dealers, calling the car insurance company direct, car finance companies, or going to car insurance comparison sites which is now the smarter thing to do.
2. Choose the right insurance. This means that not only the insurance premium has to be competitive, the insurance features be great but should also have an excellent claims settlement track record.
3. Who will service your claims?. No one wants to use their car insurance but if you do, it is important to know who will service your claims. This is where going direct to car insurance companies or buying it in your car finance company is not ideal since you will pretty much do it most yourself.
4. Check the features. The fair market value of your car should really be fair, Acts of nature coverage should be there to cover your car against floods and other natural causes. The insurance deductible must be good. This is one of the most common items misunderstood. Most car insurance now offers 24-hour roadside assistance as an added feature at no extra cost.
5. Ask for terms of payments. Most of the companies selling car insurance offer terms of payment. This means you can pay the premium in monthly repayments. Usually you can arrange up to 6 equal monthly repayments with no interest.
6. How to get the policy. Most car insurance policy is delivered personally by agents, brokers, or messengers. Usually, it delivered free of charge.
Its also good to have a good relationship with your car insurance agent. These are the people who can help you when you have car insurance claims.
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