A temporary car insurance policy offers comprehensive financial support in case the insured and his car get involved in an accident. This insurance policy usually expires within 28 days of issuance.
Temporary Car Insurance: Who can Use It?
The temporary car insurance policy is ideal for:
- People who drive only sometimes.
- People who have bought a new vehicle and have just applied for the regular car insurance. Since the standard policy generally requires time to get activated, the temporary car insurance policy comes in handy.
- People who want to go on test drives without being accompanied by the company driver.
- Students who drive only during their school holidays.
The Advantages of a Temporary Car Insurance Policy
A temporary car insurance policy is advantageous in the following way:
- You can apply and get instant approval for the policy.
- You can pay for the insurance at the same time when you are applying.
- Your coverage becomes active the moment your policy is approved.
- You can get this coverage for cars as well as vans.
- You can get the temporary car insurance policy if you are aged between 21 and 69 years.
- It is possible to receive additional cover for people up to 75 years old.
- You can get comprehensive, liability or third party cover in this policy.
- You save on premiums as they lower in temporary car insurance as compared to that for the standard one.
- You do not pay premiums when you are not using the insured car. However, you need to use the direct payment service to pay your insurer when you are using the temporary car insurance policy. Whenever you drive your car, your premium will get paid.(Ref: http://www.economywatch.com/insurance/auto/temporary-car.html )
You get the coverage for temporary breakdown of your car. However, usage of this coverage does not affect your annual no claim bonus.