Ways to Check Whether your Car Insurance Policy is Real

It can be frightening for you to find your car insurance policy is a fake one, as it means you are no more entitled to any car insurance claim. Such instances should not put off anyone from opting for car insurance as there are several well-known insurance companies that you can trust. The challenge lies in recognizing a fake insurance policy from a real one. The question that is on every individual’s mind is: how to differentiate between the two?

Checks Using Which You Can Find Out If The Policy Is Real Or Not

Several checks are there with which you can make sure whether the policy is real or not. These include the following: -

• Buy From Credible Sources Only

It would be simple to get swayed by the sweet talks of an unidentified company’s agent. This is where the issue crops up. You can suffer badly by dealing with such unorganized competitors. It is correct that the job of spotting fake car insurance policy is quite challenging. Thus, to be on the safer side, it is at all times better to buy an insurance policy via credible and reputed sources, either via the website or from the branch office directly.

• Check The Insurance Policy Thoroughly

It is vital to read the insurance policy carefully. Dedicate as much time as possible to go through every minute detail of your car insurance policy online. On the car insurance policy’s receipt, ensure that you have checked all the essential information printed on it, for instance, the No-claim Bonus, Insured Declared Value, and other deductibles.

• Collect The Receipts

Do not leave anything to chance; seek a valid receipt for the payment you make always. If you are purchasing the car insurance from the branch physically, then Cheque is the best payment mode. Mention the company’s name always, not of any person, on the Cheque you offer. If you face any issue with the car insurance policy in the future, you can use these receipts as proof to fortify your case.

• Confirm Via QR Code

QR codes are beneficial to check the trustworthiness of a policy. The principal body of the sector, IRDA (Insurance Regulatory and Development Authority) has made QR code necessary for every insurance policy. The code helps to check the authenticity of the car insurance policy. You only need to scan the QR code image, by means of a QR reading app on your smartphone. When you scan the QR code, you can find the status and the particulars of your insurance policy on a new webpage.

Also, Read

Tips to Purchase a Car Insurance for the First Time

Dos and Don’ts of Filing Car Insurance Claims

Conclusion

It is clear from these tips that you cannot relax by paying the premium timely; you need to read the terms and conditions before signing in the policy document. The result is that it is always ideal for checking the trustworthiness of your car insurance policy. In case you are thinking of purchasing a new policy, you can obtain the best insurance quotes at the leading insurance company and a policy which offers ample coverage and fast claim settlement.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.