With technology, you can buy all your insurance cover online. But you
should be able to buy the one that is the right fit for your needs. If you are
planning to buy a home insurance cover you need to check the premium and the
coverage. You also need to evaluate the claim settlement ratio and inclusions
such as fire, earthquake and burglary. Exclusions are the key parameters such
as loss of cash or damage due to war or electronic equipment.
Compare features, prices
If you are buying a travel insurance policy, the trip delay coverage
duration could vary from 6 hours to 12 hours. In case of deductible the amount
can differ across products even if the sum assured remains the same. Some
portals may not give you the full cost of the product up front. Hence, when you
are comparing the cost, recheck the charges at check out. You can also ask the
company to send you a detailed break-up of features to compare your buy.
The process
Once you have decided to buy the policy, you will have to provide details
about yourself. If you have a pre-existing disease and you have been asked
about it, you should mention it upfront. In case of travel insurance, give your
correct passport number and travel dates. Once you have made the payment, you
will get your insurance policy on your email. Keep you policy handy with you so
that it is accessible whenever you need it.
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