Pitfalls to avoid while opting for car insurance

How often have you faced issues while making a claim on your insurance policy? Have you been shocked to find out that you insurance policy does not cater to all the guidelines provided by the state? Did u just recently find out that you have paid a fairly larger amount of premium for your car insurance in Dubai than the market rates? Well these are some common situations that people find themselves in when they do not focus on the insurance policies that they take. Here are a few tips that can help you avoid such pitfalls

Never make an impulsive purchase

The first and the most common pitfall that you could fall into is when you make impulsive purchases without getting into detail. Most often you might get enticing proposals that offer you freebies or great discounts that could tempt you into an immediate purchase. Never rush into these proposals as there could be hidden conditions and terms that could pose bigger problems for you later on. Carefully evaluate the proposal and then take a final call, if required consult an expert if in doubt.

Checkout the claim servicing history

You would have come across several instances when customers find themselves in troubled waters when they have to make a claim. The insurer might then come up with a host of conditions that could spell a lot of trouble and when it comes to claim settlements. Hence before you buy the coverage make sure that you checkout the claim settlement history of the insurer.

Compare premiums to get a better rate

Before you begin to check various rates offered to by insurers make sure that you have a good idea on the market prices by checking them online. This will help you get a feel on the rates that the service providers will charge you. While there are a number of websites that will help you do this you can also ask others who have bought their car insurance coverage recently. Such precautions will help you avoid paying high premiums and end up wasting your money while buying car insurance. Do the same when choosing between the multiple health insurance companies in Dubai.

Go through the fine print carefully

The most common mistake that people do while buying the insurance coverage is not to look at the fine print that comes with it. Go through the document with utmost care and immediately ask any doubts that you may have in it. Check the insurance period and insured value to see if it matches with your requirements. Refer to the conditions and excess rates that are mentioned in the policy document. Do rectify it if the excess rates mentioned are above normal levels.