Read the terms and conditions carefully while taking insurance
Many times while making insurance claims, companies confuse such screws that the customers do not get the full benefit of it. In such a situation, while taking an insurance policy, you should check all the things required for your vehicle in it. The terms and conditions of the insurance policy should be read carefully. At the same time, before renewing the policy, you can compare the insurance cover of the existing insurance company with the rest. With this, you can get a good policy for less money.
If you are taking a policy for the first time, then before choosing an insurance company, you can take policy quotations from more than one company. Many third party apps are also available to help in choosing an insurance policy. With this, you will be able to compare the policies of different companies. Sometimes there can be a difference between the value of your vehicle and the premium for insurance. In this way you will be able to choose a better policy.
Must see claim settlement ratio
Before finalizing the company for insurance, you must see its CSR ie Claim Settlement Ratio. This is the ratio that tells you how many insurance claims that company has settled in the last one year. It will be beneficial for you to choose the company which settles maximum CSR in a year. Due to this, the chances of approval of the insurance claim will increase significantly. Apart from this, you should always give correct information while renewing the policy. With this you will not face any problem at the time of claim.