|
No matter how good the training or the individual sales person, you should, for your own peace of mind, make clear what is
contained in the insurance you are purchasing.
Make sure you get your quote in writing, with a reference and the
full name of the person giving the quote and ask how long the quote is valid for.
Make a check list and tick off
the items as you go through them to make sure you have covered the items you want to know about.
|
|
Who is covered on the policy?
What is the level of cover e.g. Comprehensive
What are the excesses, both
Voluntary and Compulsory? Are there any additional excesses for young drivers, type of licence held or the type of policy
scheme.
How are the cancellation Charges calculated? Generally, insurance companies cancel in one of two ways -
Short Period Rates and Pro Rata Rates:
Short Period Rates - This is a percentage of the premium calculated on a monthly
basis. Typically, you would be liable for 30% within the first month(or part thereof), 40% in the second month etc. This
can be expensive if you find a cheaper quote and want to take it up.
Pro Rata Rates - This is a daily rate based
on the premium and the length of the policy. These are the rates you would ideally like but unfortunately, the best cancellation
rates don't always tie in with the best insurance quotes.
What benefits does the policy include? Does it include:
Breakdown Cover; Personal Accident Cover; Legal Cover; Payment and/or Finance Protection; Windscreen Cover; NCB Protection;
A European Certificate or 'Green Card' Cover; A Courtesy Car.
Does the policy allow you to drive other vehicles?
Are there any adminstration charges, in addition to premium, for any changes made to the policy?
Is there
a charge made for paying by Direct Debit Instalments?
|
