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June 16

Car insurance – the key question

Posted by Mahir
Filed under Uncategorized | No Comments

How many times have we seen a movie scene where someone or the other is toadying over his car as though itâ??s his child? Car enthusiasts conceit themselves on the car that they coerce and care for it as though itâ??s a part of their family and not just a mere mode of transport. This is particularly true for owners of vintage cars who illustrate their purse strings jointly when it comes to taking care of their much-loved cars.
A survey of 5,000 consumers concerning motor insurance conducted on behalf of independent financial research company Defaqto has found that women motorists are far more worried about their car insurance policy covering the cost of replacing car locks in the event of keys being misplaced or stolen.
Mike Powell, Insight Analyst for General Insurance at Defaqto comments “replacing the locks of the vehicle if the keys were lost or stolen is seen as one of the most imperative cover elements for women, but for men, the survey tinted that this cover quality was far less noteworthy”.
“Where cover is given, most policies will reimburse for the costs of replacing the locks, subject to any policy limit. Other policies also embrace cover for the costs of replacing the vehicles lock spreader and central locking interface, and the affected parts of the alarm and/or immobilizer”.
Mr. Powell concluded: “be careful to check the wrap provided because the levels of cover can differ between policies. Also check the policy phrasing as cover is usually subject to the policyholder being able to establish that the identity or garaging address of their car is known to any person who is in possession of the ignition keys”.

This entry was posted on Wednesday, June 16th, 2010 at 9:05 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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