By Noah Zee
Short term car insurance is one of those necessary monthly expenses for vehicle owners which can in fact not really be ignored or forsaken. Although we may often question the necessity thereof based upon our impeccable no claim history.
Insurance in general is often given a bad rap because we will often pay and pay and never really see any real benefit from all the premium payments given to the insurance companies, however when the day comes that a claim is instituted and the payout is forthcoming is when we truly realize the benefit of short term car insurance or other types of insurance really.
There are a few important issues when considering short term car insurance that are applicable during the application phase that require mentioning. These include that the applicant must disclose all relevant information in order to ensure comprehensive coverage, as in many countries across the world specific items or situations that are not disclosed within this application phase may result in an insurer declining to pay out a claim at a later stage. Additionally the existence of exclusions on certain policies should also be examined to ensure that you are fully aware of what is covered within the policy and what is not covered - this will allow for complete peace of mind and you will not be faced with any surprises come claim time.
The pricing or premium of the short term car insurance policy or policies will be determined by a number of factors including previous claims, type and extent of coverage of the policy and any optional extras that may be available within the coverage itself. Hence one can elect for a variety of options which have a direct bearing upon the actual payout in the event of a claim. To this end you should consider a number of different scenarios that could occur and the resultant financial impact in the event of a claim, or even without claiming - which will provide the basis of which type of cover is right for you.
Even though you may be contemplating on whether or not to actually get comprehensive or basic short term car insurance, bear in mind that the nature of an insurance claim and the circumstances within which it occurs. Claims are not always as a result of your own cause or even negligence which implies that we have to be prepared for the individual that may cause the accident or occurrence in question, and who may not have insurance. In this event trying to get the money from the individual may take a while and in the meantime you will be sitting without a car or perhaps any transport. Whereas in the case of being insured the claim can be settled, your car repaired or replaced and any claims against the guilty party can be subsequently pursued.
If you are wondering whether or not short term car insurance is necessary or not, the answer is yes to cover you financially in terms of loss of use or damage to your motor vehicle whether anything happens as a result of your actions or that of an external party.
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