Car Insurance: Things You Should Know about It

Car insurance is one of the most essential things you should consider whilst you plan to buy a car.  Just like the way you insure your health and your homes, you should do the same thing for your cars.  Since you will utilize these things every time you are on the road, it is safer for you to have a car insurance attached to the purchase.  If you already have an existing automobile and you haven t insured it yet, now is the right time to do so. There are several features included inside the considerations pertaining to car insurance.  You should be equipped with the basics on this type of policy and see what is involved in the process. By doing so, you will be able to avoid disputes with your car insurance companies later on.  Learn more about car insurance coverage, disabilities or medical conditions and excesses through this article.

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Types of car insurance coverage

One of the many important facets of car insurance is its coverage.  Whilst you may always ask the insurer about what is covered in your transaction with them, it pays that you have a background of the basics.  Here are three types to take note of when it comes to car insurance:

1. Third party only.  This is the most basic of all three types of car insurance coverage.  The scope of this one revolves around your liability to third parties in case of accidents.  Also included in this car insurance coverage is the damage to the property of a third party.
2. Third party fire and theft coverage.  This type of car insurance coverage includes the basic third party only cover.  Additionally, fire and theft risks are also covered. For instance, some insurance companies will cover the contents of the vehicle in case of theft and fire.  You may also ask car insurance companies to make a cover for your audio equipment.
3. Comprehensive coverage.  One of the basic concerns that you want as a consumer is to have coverage for everything that is linked to your car ownership.  Here is where the concept of comprehensive coverage enters the scenario.  Aside from incorporating the first two types of car insurance coverage, this includes coverage for loss or damage to your vehicle arising from both malicious and accidental damages.  Some may also include personal accident benefits.

Disabilities or medical conditions in consonance with car insurance

Speaking of car insurance coverage, there are instances when issues on disabilities and medical conditions must be dealt with properly.  You need to go to the Driver and Vehicle Licensing Agency or DVLA and inform them about certain illnesses that you presently have.  This is important in order for car insurance companies to have easier assessment of your capability to drive. 

Some of the medical conditions that you should inform the DVLA about are epilepsy, sudden fainting or mental blackouts, utilisation of a pacemaker and diabetes whether controlled by insulin or tablets.  Furthermore, you should inform the agency if you have serious memory problems, you have encountered major or minor stroke or if you underwent some sort of brain surgery.  Before you think of availing of car insurance, you must check on more details via DVLA. 

Excesses in car insurance

There are instances when you should need to pay for any excesses in your car insurance.  Excesses are those that are not presently covered in the insurance you have availed from a car insurer.  Take note, that it is your obligation to pay for these excesses so you should not insist that the car insurer should pay for it.  The two types of excesses linked to car insurance include:

1. Compulsory excess.  When hearing the word compulsory, you know very well that it means that it is something required or essential.  Compulsory car insurance excess is that portion applied by your insurer because they are required to do so.  Simply put, if you own a courier company and you have unskilled drivers running the vehicle, you are at fault.  It is logical that you should pay for the excess not covered by the car insurance.
    
2. Voluntary excess.  In contrary with compulsory excess for car insurance, there is an excess that you may agree to pay with your chosen service provider.  This is a greater part of the claim by third party aside from your compulsory access.  You may also request the car insurance company to increase or decrease your voluntary excess.
    

There are yet other important facts you need to know about car insurance.  Getting information on these basic features of the policy is a good way to start however.  If there are any other issues that you do not understand, never hesitate to approach your car insurance companies about it.  If you are unsure of anything then make sure you talk it through with the insurance company as once you have entered into the contract and put your signature on the insurance policy; it is assumed that you have understood all clauses in the document.