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I purchased a car last year and next month I have to renew my insurance.Can you guide me whether I should purchase comprehensive policy. And also guide me about depreciation.
I purchased a car last year and next month I have to renew my insurance.Can you guide me whether I should purchase comprehensive policy. And also guide me about depreciation.
Thankachan John, Rtd Motor Vehicles Inspector, Insurance Surveyor and Accident Investigator
Answered on September 18,2020
Answered on September 18,2020
I suggest that you take Package Policy at least for the next 4 years. Considering present Accident rates and theft, you should strongly think about that.
And up to 5 years the Insurance company has a depreciation tariff.
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