Short term car insurance-
What is Short term car insurance:
Short term insurance, is a temporary insurance policy.
Who looks for Short term car insurance:
You may look for the temporary car insurance cover in following cases-
- when you are on a holiday or you have an an additional vehicle
- you buy a new car and still you are looking forward to the best deals for full car insurance
- your old insurance policy has lapsed and the new one has not been renewed
- you may want driver to driver your car
- you yourself may want to drive another car
- to drive courtsey car in case your car needs repairing
- to deliver a car
Benefits of Short term car insurance:
- The process takes less time as compared to your full car insurance cover
- Additional car and new car can be placed in the same policy
- One can thake the short term policy even if one has his/her long term policy
- Many times, new short term policy is cheaper as compared to changing your long term policy to short term cover
- No claim bonus- your short term insurance does not affect the No claim bonus of your long term insurance
- Foreign- depending on your insurer, your have foreign travel cover also
Disadvantages of Short term car insurance:
- The short term insurance cover is bit expensive as compared to the full long term insurance policy
- Services are limited in the short term insurance cover.
Short term car insurance is indeed not a replacement or substitute to the long term full car insurance.
Few useful links:
