Inform your car insurance company about these seven critical things

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03 Aug 2023

Read about Inform your car insurance company about these seven critical things. For more information, check out the car insurance policy from Kotak General Insurance.

For the best coverage and rates, it's essential to keep your motor or car insurance provider updated about how you use your vehicle. Changes happen very quickly, and because of the same reason, it's simple to overlook tasks like notifying your insurance provider of significant changes to ease the car insurance claim.

It is never a good idea to keep critical info from your insurance provider since this could cause issues with your policy. It can also keep you from lowering the price of your automobile insurance.

7 important things you must always tell your car insurance provider

Below are a few important that you must tell your car insurance provider:

• Change in your driving habits

The necessity for insurance coverage or premium amount can alter as driving patterns change. For instance, fewer miles will be traveled if you cease going to work once you retire. Some insurance providers provide savings to motorists who log comparatively few kilometers annually. You must also let your provider know if you drive substantially more frequently than before.

• Adding security features

The price of car insurance can be decreased by some measures that help lower the risk of accidents or theft. These consist of adaptive headlamps, driver assistance, cruise control assist, collision avoidance, lane departure warning, theft alarm, and oblivious recognition functions.

• In case of an accident

Inform your insurance provider that you have been in a collision. The broker will initiate assessing whether you can make a car insurance claim and assist you in evaluating whether your car insurance policy is sufficient to pay for the damages. By offering guidance on what to gather and how to manage the immediate wake, your insurance provider might even assist you in evidence collection at the site of the accident.

• If you buy a new car

Ask your car insurance provider if the new vehicle can be insured immediately before you visit the showroom. Many insurance companies provide a grace period of up to 30 days, during which the previous vehicle's coverage can cover the new car. However, this rule might vary for different insurers.

• Car upgrades

Your car insurance premiums could vary if you make significant improvements to your car. To ensure you have the appropriate coverage, you must let your provider know about these modifications. These improvements may include new, elevated wheels, upgraded particulate filters, and stabilizer bars.

• Lending the car

Anyone who uses your car frequently should be listed as an identified party on your insurance plan. In addition, this also includes a young driver who just started driving your vehicle.

• Driving your car to work

Ask your car insurance provider if you require additional commercial car insurance before lending your car or using it for business purposes so that you are insured while doing so. Ascertain precisely, in which case you will and will not be reimbursed by your insurer.

Conclusion

Now that you know what pointers are essential to be informed, you must let your insurance providers know of these aspects. It can help you in case of any mishap or third-party accident. Always choose a suitable motor insurance for your car.


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Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.