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What to consider when purchasing motor own damage insurance?

Motor own damage insurance offers vehicle owners protection against unexpected events such as traffic accidents, thefts, or natural disasters. Although comprehensive insurance is not mandatory, it is a valuable investment that can save you from unexpected expenses not covered by liability insurance. Before purchasing comprehensive insurance, several important factors should be considered.

1. Scope of Coverage and Conditions

Different insurance packages offer varying levels of coverage. It is essential to carefully read the terms and conditions of the insurance and ensure that the policy covers the risks necessary for you and your family.

2. Deductible

The deductible is the amount the vehicle owner must pay in the event of a claim. A lower deductible means a higher insurance premium but reduces the financial burden on the car owner in case of damages.

3. Insurance Premium

The premium depends on the vehicle’s age, market value, the owner’s driving experience, and the selected coverages. The presence of previous claims also affects the premium. Compare different packages to find the best value for money.

4. Additional Coverages

In addition to basic coverages, you can opt for additional protections, such as covering repair costs in case of a technical failure or the option of a replacement car during repairs. Evaluate whether the available additional coverages are necessary and if it’s worth adding them to the package.

6. Insurance Period and Terms

Check whether the policy renews automatically and what the conditions are for terminating or changing the contract. It is also crucial to familiarize yourself with the contract terms before signing the policy and understand the extent of the protection.

In conclusion, purchasing comprehensive car insurance is an important decision that impacts the vehicle owner’s sense of security and financial responsibility. Carefully reviewing the contract terms and choosing the right coverages will help you select the best insurance protection for yourself.

At Elama Insurance, we help you choose the insurance protection that suits you best.