o not make assumptions - clarify your doubts
The most common mistake that people make is to assume certain things as true and refuse to ask questions despite the small nagging worry at the back of the mind. the first rule in buying taxi insurance is to never assume even the smallest of details. The executives of any good insurance company will clearly explain all that your policy states. They even encourage you to ask questions. Therefore, let caution to the winds and ask any doubt that you may have. Assuming things may prove expensive in the end. For example, do not assume that a particular kind of policy will provide a particular kind of cover. Ask the agent if the cover is provided.
Do not settle for the first insurance policy that you come across
Do your research well. Get quotes from different companies and compare them. Give identical details in all quotes applications. Spend time comparing the different quotes. You can consult insurance experts or post your queries regarding particular taxi insurance in forums to get expert opinions. If you already have a policy, then do not buy another policy from the same agent without studying the advantages offered by other insurance companies. Thorough researches can not only get you the best taxi insurance policy, but also get you a cost-effective one.
Do not pay for more than what you require
Be specific about your needs and do not pay for more than what you require. Insurance agents are salespersons, who are trained to sell you more that your requirement. Refrain from falling to attractive offers if they are of no use to you. Purchasing excessive covers will cost you more monthly premiers and will not be of any use to you. Therefore, be specific about your needs. you should be especially careful while purchasing a comprehensive plan. Do not let the insurance company fill up the comprehensive policy with more covers than you need.
Do not neglect terms and conditions of the policy contract
Terms and conditions of an insurance policy are the most important tools, which will help you make claims and fight for rejected ones. Therefore, read the terms and conditions of the contract very carefully. Go through the entire document before affixing your signature on the deal. Look for specific details like renewal period, refund conditions if you wish to cancel your policy, the types of vehicles mentioned in the contract and other such things. Taxi insurance is meant to cover passengers, third party and the driver. Any irregularity or hidden clause in the contract can have you paying large amount out of your pocket. Therefore, look for loopholes in the contract and hidden charges, if any.
Do not misplace your insurance papers and premium receipts
Safeguard your insurance papers and all the documents related to them very carefully. They will be useful in times of claims. Keep a record of all the transactions that take place between you and the insurance company. Have all the statements of understanding with the insurance company in a written form.
For detailed information on taxi insurance policy please visit Quote Us, the specialist in hire and reward insurance. Article Source: http://EzineArticles.com/?expert=Roul_Arijit |
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