Written by Michael Foote, Insurance and Finance ExpertMichael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.
If there is one thing you think of when you consider car insurance, it’s the cost. Clearly, the price is one the rise, and that’s a huge factor for most car and bike owners. However, the cost of your monthly premium is only one aspect of a high-quality insurance policy. When it comes to insurance, the Greatest policy Of All Time, or the G.O.A.T, must include a range of factors. What are these features, you ask? Take a look below to find out more.
You might not know this, but lots of policies don’t include windscreen cover in case of an accident. Nope, the windshield is exempt, which means you are personally liable. This is a huge deal for two reasons. The first is that windscreen repairs aren’t cheap, no matter how small a chip or crack. The second is that the screen will almost always be on the wrong end of an accident. With the right cover, there is no need to fork out should you have a crash.
It doesn’t matter whether you have a tyre pressure monitoring system in the car, or if you’re handy with a jack because vehicles break down. Yep, even the most reliable ones that make it seem like butter wouldn’t melt. They break down in a heap by the side of the road at inopportune moments. Of course, you could organise for a separate agreement with a company to come and pick you up, but that’s a lot of hassle. Instead, you can get the insurance company to include it in your policy and ring them with any issues.
Speaking of accidents, some are worse than others. Hopefully, the extent of any crash is just a bump that doesn’t immobilise the vehicle. However, it might be a lot worse than that, and the motor might need extensive work. If that is the case, you will need another car to get your from A to B. After all, life still goes on even if you have an accident. The good news is that a great policy provides you with a replacement car until the mechanics can repair the damage. Okay, the car might not be a Bugatti but it should suffice.
Don’t just assume that content cover is only for home insurance policies because that isn’t true. Whether you’re at home or driving in your car, you will always have some personal belongings on your person. And, there is always an opportunist thief that is willing to seize the moment. As a result, it isn’t uncommon for people to lose valuable items out of their car, and you are no different. Sure, you can try and prevent it in the first place, but it isn’t a fool-proof plan. It’s always nice to have someone pick up the cheque just in case. Let’s face it – it’s better to avoid the bill.
Sadly, your policy can’t be the greatest if it doesn’t include all of these features.