Ok, so sifting through seemingly endless terms and conditions littered with legal jargon isn’t the most interesting of tasks, but failing to pay attention to your car insurance policy can prove to be a costly mistake. You may think you’re clued up when it comes to vehicle cover, but more often than not, the most important details are buried within the paperwork. To avoid any nasty shocks later down the line, here’s why it pays off to read the small print.
You could miss gaps in your coverage
When people compare car insurance, many fall into the trap of focusing solely on getting a good deal. However, if you want to get the right level of cover and avoid being underinsured, it’s important to make your decision based on what’s included in the policy, not just the price. After all, your contract may include a clause which could invalidate a future claim. If you’re not 100 per cent sure of what you are and aren’t covered for, you could end up falling victim to a condition that you overlooked and be in for an unpleasant surprise when you come to make a claim.
The best way to avoid getting caught out is to thoroughly check the fine print. To save yourself the stress of having a future claim rejected in the event that your car becomes damaged or stolen, take note of the conditions and exclusions that are outlined in the policy documents so you know what to expect.
It would be a very unpleasant surprise if after you get into an unfortunate incident, that’s when you notice that a certain important aspect is not covered by your insurance. Understanding the nuanced parts of your policy could be important when you’re trying to figure out what to do in the aftermath of an accident. If you’re finding it difficult to understand all the legal jargon, it could help to consult an experienced lawyer from a firm like Schuerger Shunnarah Trial Attorneys (found at warforhou.com), or something similar. These professionals can help you decipher the fine print and understand the full extent of your insurance and what it covers.
You could be paying for more than you need
Of course, utilizing the policies that are provided by somewhere like these cheap car insurance companies uk that grant your car with basic coverage is very important, but you must remember that there are some add-ons that may not always be a necessity. For example, you may find that what may have initially seemed necessary is now no longer needed, or perhaps you were already covered by another insurance policy. For example, windscreen cover, breakdown cover, courtesy car and personal injury protection are often included in comprehensive car insurance packages, but can also be sold as separate policies.
To avoid paying for cover you already have, it’s important to go through the contract with a fine tooth comb. Before you purchase a policy, it’s a good idea to seek assistance from an insurance specialist to go through any terms you’re unsure about so that you know exactly what you are getting for your money. This will also help you to narrow down your options and get a plan that is tailored to your specific needs.
Like any financial product, reading the small print before you sign the deal will give you added peace of mind and ensure that you are getting a level of cover you’ll be satisfied with in the long term.
