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Things to Know before Renewing Your Four Wheeler Insurance

Buying a car is only half the battle won, there is still the part where you have to buy adequate four wheeler insurance and make sure that you renew it on time. Renewing the policy is as important as purchasing one, because it ensures continued coverage. Read on to know some of the things you have to look out for when going for a four wheeler insurance renewal online. Visit https://www.libertyinsurance.in/products/motor-insurance/private-car-renewal

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Things to Know before Renewing Your Four Wheeler Insurance

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  1. Things to Know Before Renewing Your Four Wheeler Insurance Liberty General Insurance

  2. Introduction If your car insurance is up for renewal, you can choose to do the four wheeler insurance renewal online, or head personally to the insurer. Always make sure that you renew your car insurance policy before the due date or else you have to face the consequences. So, rather than waiting for the last minute to handle the various proceedings, give yourself time to understand the things you need to know before renewing your car insurance.

  3. Opt for a Good Car Insurance Plan • Third party liability motor insurance is a prerequisite • Choosing a comprehensive car insurance plan is optional • Take into account your requirements and preferences when making a choice • See that you don’t exceed your budget

  4. Understand the Market Value of your Car • Knowing about the car’s depreciation and market value is important • The insurance premium is decided based on the depreciation value of the car • Negotiation can be conducted in a better way • Discuss variables until you feel you are paying an appropriate amount

  5. Be Aware of the No Claim Bonus • Insurers offer a bonus for every claim-free year • It brings down the premium amount to a large extent • The amount is subtracted from the total premium paid • Switching to another insurer does not mean that you will lose your NCB

  6. Other Factors to Take Notice of • Choose additional covers and required add-ons • Enquire about cashless facility • Surf online for better options • Seamless and problem-free claim settlement process

  7. Conclusion Be sure to keep these factors in mind the next time you are going for a four wheeler insurance renewal. As long as you ensure that your policy does not lapse, you can steer clear of hefty penalties. In addition to this, it is a risk to drive on the road without an appropriate cover.

  8. Contact US Address: 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Boardline: 022-6700-1313 Fax: 022-6700-1606​ Toll Free No: 1800-266-5844 Email:care@libertyvideocon.com Website:https://www.libertyinsurance.in/ Facebook: http://www.facebook.com/libertyvideocon Twitter:http://www.twitter.com/LibertyVideocon Google+:https://plus.google.com/+LibertyvideoconIndia

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