You should keep the following things in your mind while buying an insurance policy:
- First of all, you should check the market value price of your vehicle. If you have purchased a brand new vehicle, the insured value will be the purchase price of your vehicle.
- You should provide all the material facts about your vehicle, including previous accidents, engine modifications, etc. If you have any doubt, you can ask your previous insurance company.
- You should ensure that your vehicle is fully insured, as it will affect the amount you can claim.
- There are many insurance providers for the vehicle. You can compare the premium and purchase according to your choice.
What should you keep in mind while buying an insurance policy?