Things to Avoid When You Have an Insurance Policy

insurance policy

car insurance policy

It feels miserable to realize that you have been paying insurance premium for years without making any claim. In fact, it can be devastating to find out that the policy you have been inserting money into has been invalidated due to some omission or act on your end.






The following are a few guidelines that will help you learn about the mistakes so you don’t make them.

home insurance policy

• Even if most of your valuables and assets are covered under an insurance policy, it does not minimize the level of responsibility at your end. Do not act indifferent or reckless to the possibility of incurring a loss. For example, leaving your detached stereo on the car seat of an unlocked vehicle. 
• Until and unless you have the representative or insurer’s agreement, do not commence the replacement or repairs of damaged items present in your vehicle or home. The claim may immediately be rejected. An insurance company requires expert opinion before awarding you for the claims.
• Do not, in any circumstance, get yourself a duplicate cover. This is just additional cost that you will bear for the same assets covered twice under two different policies. Therefore, figure out what your existing policy covers before buying another insurance policy.
• Do not vacate your home for more than 30 days, consecutively. You may end up nullifying any claim for damage/loss caused by theft. Moreover, damage that is attributable to overflowing, leaking, or busting of water pipes and tanks will also be invalidated.
• Never submit a false or exaggerated claim. Professionals can easily detect these acts and such information is passed on to other operators too. This may cause you problems in obtaining another insurance protection in future.

health insurance policy

life insurance policy

It is advisable that you familiarize yourself with the policy specifics and general exclusions in your insurance policy to avoid any such acts.

auto insurance policy