Car Insurance FAQs
Can I insure a modified or classic car; who will offer insurance cover?
Yes, you can insure a modified car but because your car is a specialist car,
not all auto insurance companies might be willing to provide coverage for
it since it requires high price replacement parts and also skilled labor
if the car is involved in an accident. Thus, you have to take a special car
insurance that is designed especially for modified and classic cars.
How can I cut down my car insurance premium?
If you wish to cut down on your car insurance premium you must take care
of a few things. Park your car overnight in the garage rather than leaving
it on the drive. Fit insurance approved anti-theft devices; consider Third
Party Fire and Theft for older cars. Find out discounts offered by the insurance
provider when requesting quotes. Young drivers (under 25), who are often
charged extremely high premiums, should have an extra driving course certificate.
What is 'excess'?
It is the amount you have to pay when you make a claim for the loss or damage
to your car. It can be voluntary or compulsory. If someone else causes the
accident you may be able to reclaim the excess through the legal cover, which
can be taken out with your car insurance policy. Otherwise you lose the excess.
Voluntary excess is the amount you agree to pay to the company. It offers
premium discounts. Compulsory excess is generally imposed to young drivers.
Because their risk factors are high and the companies don’t want to
insure them. So, in order to insure, they have to surrender with this payment.
What is legal cover?
It provides expertise and assistance required to recover uninsured losses
such as medical costs, loss of earnings and excess payments where the fault
was not yours. It is available as an optional with most car insurance policies.
Can an insurance company cancel my auto policy?
Yes, you auto insurance policy may stand canceled if you fail to pay the
premium or if your consumer's license has been suspended or revoked during
the term of an auto policy. Also, if there is a fraud or serious
misrepresentation when completing the insurance application, if the you are
convicted to a crime, or if changes are made to the property that increase
the risk of loss then the company may cancel your insurance policy.
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