When insuring your vehicle for the first time or simply switching insurance, knowing what documents you need can make the process much easier. However, not knowing these important pieces of information can be somewhat confusing and may cause all parties involved to become frustrated.
It is always a great idea to ask what is needed in advance and walk prepared when going to bind cover for your vehicle, this way you don’t have to leave and return to bring documents you should have originally had from the start. In this blog, we will be giving you a list of the most important documents you’ll need when insuring your vehicle.
- Driver’s License – Your driver’s license is the most common document noted. This small card is considered proof of your driving experience to substantiate what you would have told your broker before obtaining a quote. In addition to your driver’s license, you should walk with the driver’s license for any other additional drivers you wish to add to your policy.
- Proof of Ownership – You can only insure a vehicle in your name if it is yours, therefore documents supporting you are the owner of the said vehicle are needed. For those persons who purchased their vehicles cash, you should have obtained a letter from the previous owner stating they are selling the vehicle to you. Those customers who have mortgagees, they would need to obtain the proof of ownership letter from the said mortgagee stating that the vehicle has joint ownership which would more than likely be in their name and the finance company’s name.
- Proof of Address – A utility bill or bank statement are often the required documents used to show proof of address. Not all companies require this, but it is still good to keep on file as with some proposal forms, they usually ask the address where the vehicle will be staying at.
- Proof of No Claims Discount – Your renewal notice should have this information, or you can call your previous insurance company and request it. Proof of N.C.D is only needed for those customers who were insured previously and would have earned a certain percentage of no claims. Your N.C. D. document would confirm you are actually earning the percentage of no claims you stated before obtaining a quote.
- Proof of Valuation – All insurance companies need to know the correct value of the risk they are insuring. This is to ensure that in the event of a claim which may result in a possible total loss, that both parties can walk away satisfied. Most insurance companies prefer the valuation from the actual dealers, however, if you do go to a garage, it is best to confirm if your insurance company accepts work done from that particular garage.
- Road Worthy Certificate – Often referred to RWC, this document is mainly needed for insuring older vehicles who will more than likely be insured third party. If the vehicle has also been written off before, a RWC is also required before binding cover again. Similar to that of a valuation, a RWC can be collected from any garage of your choice.
- Broker Appointment Form – Alternatively, if you appoint a broker to handle your insurance needs, but decides to stay with your insurance company, all that is required is for you to do is sign what is called the broker appointment letter which gives the broker access to all of the documents above without you having to bring them in. You’ll just need to walk with your payment and you’re good to go.
With the above, it should now be easier for you to insure your vehicle hassle free. The documents outlined in the blog are pretty straightforward and can be obtained quite easily. It should also be noted that for convenience, we usually send an email with these documents listed making it simple for customers to bind cover. To get a quote today, simply visit our website at www.bestquotebb.com or give us a call at 1-246-537-0140.