Insurance lessons are learnt and lost quickly. Many view insurance as a payment that offers no benefit. No one seemed to have comprehensive insurance for their cars, homes and durables. Many admitted to buying insurance after the 2015 floods and discontinuing the premium later as wasteful.
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As the festive season approaches, whether you’re welcoming a new vehicle into your life or your motor insurance renewal is due, don’t delay this prudent decision.
It is important to consider a few things when it comes to filling the motor insurance claim form.
If the car buyer has earned a no-claim bonus (NCB) on his previous car policy, this can be claimed on the insurance premium for the new car.
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When a policyholder purchases an insurance policy, he receives an NCB certificate, and it is now up to him whether or not he files any claims within the policy year.
Bajaj Allianz General Insurance Comprehensive Car Insurance stands out for its high claims settlement ratio and hassle-free renewals.
A group representing Canada’s insurance industry says the ferocity and frequency of weather events means premiums could rise by as much as 50 per cent.
While starting a claim sooner may help you get reimbursed sooner, IBC said personal claims can usually be reported within two years of finding out about the damage or loss.
