Car Insurance FAQs

 

In this article I will answer som of the most common questions about car insurances.

  • Is it possible for me to insure a tailored or classic car? Who is going to provide insurance cover?

Yes, it is possible for you to insure a tailored car; however, as your car is a specialist one, not all auto insurance firms may want to offer coverage for it as it needs expensive replacement parts and skilled labor also, in case the car has an accident.

  • Can a tailored or classic car be modified?

It also needs skilled labor in the event that the car has an accident. Additionally, you need to obtain a special car insurance which is formulated particularly for tailored and classic cars.

  • How do I reduce the insurance premium of my car?

In case you want to reduce the insurance premium of your car, you need to handle a number of elements. Park your vehicle in the garage overnight, instead of letting it remain on the drive

Fix anti-theft devices that are accepted by insurance; for older vehicles, think of Third Party Fire and Theft. Get to know discounts provided by the insurance provider when asking for quotes.

Youthful drivers below 25 who are normally charged very high premiums need to have an additional driving course certificate.

  •  What Does Excess Mean?

This is the quantity you require to pay when you lodge a claim for loss or destruction to your vehicle. It is either compulsory or voluntary. In case another person is to blame for the accident, you might manage to recover the excess via legal cover. Your vehicle insurance policy can be used to get this cover.

If not, you will lose the excess. The sum you agree to submit to the firm is known as voluntary excess. It provides premium discounts. Normally, compulsory excess is imposed to youthful drivers.

As they have increased risk factors and the firms are not willing to insure them, to facilitate insurance they need to submit this payment.

  • What does legal cover entail?

It offers skill and help needed to recover uninsured losses like medical expenses, loss of earnings and extra payments if you were not responsible for this. It is accessible as an optional with majority of vehicle insurance policies.

  • Can my auto policy be cancelled by an insurance firm?

Yes, if you do not pay the premium or suspension or revocation of your consumer’s license occurs during an auto policy’s term, your auto insurance policy can be cancelled.

Also, if fraud or grave misrepresentation occurs when finalizing the insurance application, if you are accused of a crime or if alterations are carried out to the property which raises the risk of loss, your insurance policy may be cancelled by the firm.

You can find more information on these sites:

Axa

Insurance Terms and definitions

Non-english sites:

Bilforsikring

Versicherung