An insurance policy defines the scope of an insurance cover. As these are designed from a legal standpoint, they have information written in a technical format, mostly not easy to comprehend.
It isn't new to see consumers face bitter resentment on having claims rejected or on realizing that the insurance cover opted for is inadequate to meet their crisis requirement. Such scenarios arise mostly when it is too late for any corrective action. This harbors negative feelings of distrust towards the insurance provider.
What needs to be realized is that the insurance company is merely following the details mentioned in the claim policy, which the insured had willingly signed. To foster mutual trust and better understanding, it is extremely important to know how to read your policy wording before accepting the deal.
Here are a few such clauses that are instrumental in shaping your motor insurance policy. These have been simplified in order to help you make an informed decision:
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