It really shouldn’t come as a surprise that having car insurance is mandatory if you want to drive on the roads of Barbados. However, some people tend not to take car insurance as seriously as perhaps they should.
With this in mind, we have put together a short checklist of the do’s and don’ts of car insurance to help you fully understand what it really means and how you should go about treating it.
1 – Ensure you are always aware of your car insurance policy renewal date, it would also be worthwhile to keep a note of the price you paid for last year’s premium in the event you decide to shop around when its time to renew.
2 – Understand your policy fully and know what it covers. For example, do you know who your current insurer is and what type of coverage you have paid for – is your car insurance policy Fully Comprehensive or it is Third Party only? What extra services does your policy provide – windshield cover, towing service or roadside assistance? Will your car insurance handle both your driving licence and road tax renewal on your behalf? What is your deductible/excess? If you consider yourself informed about your car insurance policy then you should be able to answer these questions right off the bat.
3 – To ensure every chance that your car insurance provider will settle any unfortunate claims that arise, it is always best to disclose any previous claims up front. Failing to do this can result in an insurance company cancelling your policy if they were to discover information contrary to what was provided to them.
4 – Shop around. Whilst your insurer will send you a renewal notice, if you don’t ask if there is a better price available then you won’t know. This is the only way you can know if you are receiving the best coverage at the right price.
1 – Don’t ever let your car insurance expire. Give yourself at least two weeks in advance in the event you decide to shop around for better prices. Last minute rushing can be stressful. Make a note in your diary or set a reminder on your phone calendar.
2 – Don’t allow people who are not named on your policy to drive unless otherwise stated by your insurance company. This can result in your insurance company not honouring a claim. In some instances, providing the individual is over twenty-five and has been driving for more than five years, your insurance may approve it. However, what some insurance companies have done in recent times is to add an additional excess for non-declared drivers.
3 – Don’t ever falsify information on previous claims. Ensure all the information is precise and correct. This way any future insurance company would be aware of the full details.
4 – Lastly, don’t forget to use BestQuote! We will find you the best priced car insurance policy options in Barbados to suit your needs.
Make sure you visit us today at www.bestquotebb.com or call us at 1-246-537-0140 for all your car, home and business insurance needs.