Everything You Need To Know About Electric Car Insurance in Pakistan

Posted by Admin on 17 Aug 2022

With the ever-growing popularity of electric cars, the demand for insurance for such cars has also increased. As of now, all-electric vehicles are exported and they do not outnumber conventional vehicles. But the demand for electric car insurance remains the same. Today we will look at all the aspects of electric car insurance. Is it available in Pakistan? How much does it cost to answer many other questions that may arise in our client’s mind? Let’s take a look at all of the concerns. Is EV Insurance Available In Pakistan?Since electric vehicles are imported, it is natural to wonder if the insurance companies hold the authority to issue policies. In Pakistan, many people are going for electric vehicles now, so considering this the insurers have come up with the decision to issue an insurance policy for electric vehicles.As a general rule of thumb, if the vehicle is within the vicinity of Pakistan. You can even get car insurance for your car in Pakistan while sitting abroad or traveling. Likewise, if your electric vehicle is in Pakistan then you can get insurance for it. And in the same manner, if your vehicle is on the way here and you get it insured, your policy is valid when your vehicle arrives.How Much Does EV Insurance Cost?Considering the fact that electric vehicles are imported, it is given that the parts must also be imported in case of any damage. So considering this, the premium for electric vehicles in Pakistan is much higher than that of conventional cars. Also, with all the price hikes there is a significant increase in the prices of vehicles and their spare parts. Why Does EV Insurance Cost More?Insurers take data from the clients that have previously claimed vehicles of the same type and collect data on how much it costs them. This is the scale to determine the price of any insurance premium for any vehicle. Considering the fact that the parts need to be exported in case of damage and they are going to be pricier then it is fair for the premium to be higher than conventional car insurance as well.How To Get Electronic Vehicle Insurance?It is simple! Because you might as well have been doing that all along. It is no different than conventional insurance. Just go to our website letscompare.pk and get insured in 3 easy steps. The only thing to keep in mind is that the premium will be higher than the conventional car insurance because of the reasons mentioned before. Other than that, the rest of the procedure is the same. You visit our website, go to car insurance followed by the details of your car and get quotes. You can now get the quotes from different insurers and pick the one that falls within your budget. Let’s Compare is an online insurance comparison tool, where clients get to compare insurance policies from different insurers and also compare policies from the same insurers. We are partners with reputed insurers across Pakistan and we are trusted among clients for the best customer service and unbiased advice. You can also get insured instantly from the comfort of your home so what are you waiting for? Click here and get your vehicle insured!

Scams In Car Insurance Industry

Posted by Admin on 15 Aug 2022

With roses, there are thorns; with good things, few bad things come with a free pass. Cars are the most valuable investment, the journey does not end with the purchase. It rather continues until the time you have the car. And everyone, including you, knows that. So scammers end up trying to rob you endlessly. Let’s look at some common scams in the car insurance industry.Selling Policies At A Higher PremiumWhen looking for car insurance Pakistan, you might run into scammers. They will tell you an insane amount of premium, promising an equally secure coverage. But when they get the insurance from the company on your behalf, they might swap it for a much cheaper plan and keep the rest of the money for themselves. In this case, you will pay a heavy sum for a minimal cover. Exaggerating The DamageSometimes, you consult your insurer to discuss coverage when you get into an accident. They have many agents working for them, so you might get scammed by them to pay more than the worth of damage, promising that the insurer will reimburse an equal amount. But in reality, the agent might pocket the remaining amount after paying for the said damages.Stacking Useless PoliciesThe agents might make you buy policies that you don’t require. Let’s say, you opt for comprehensive car insurance, and the agent insists you buy the third-party liability cover because the law requires it. The argument is true, but some research from your end will clear the misconception. Third-party liability is the least coverage one requires. Comprehensive insurance is the most coverage you can get. And it already includes Third Party Liability. And not only third-party liability but almost all kinds of damages are covered. So having comprehensive car insurance will not require you to buy any other insurance policy. Ghost BrokersThese are the scammers that issue a fake policy to their victims. They charge for the real policy and for the sake of satisfying their “client” they send a copy of the policy. They later go on to cancel the policy and pocket the reimbursement. This is extremely harmful to the client when the time comes for the claim. These ghost brokers are almost unreachable because most agents don’t reach out to their clients until it is time for annual policy renewal. And in case they are caught in the act, they might vanish from the face of the earth with your hard-earned money. They are the ones you need to be most cautious of. Conclusion:You can avoid these scams by going to the reputed insurers and only involve the agents and brokers they trust like, Let’s Compare. We take great pride in serving our clients with the best. We give unbiased opinions and prioritize our client’s comfort. We are partners with trusted insurance companies across Pakistan. Click this link to get your car insured.

Car Insurance in Pakistan

All About Comprehensive Car Insurance In Pakistan

Name: Let's Compare Online (Pvt) Ltd
Brand: letscompare.pk
SKU: RP-006
Rating: 5 (2 reviews)

Posted by Admin on 15 Aug 2022

A car is an asset that requires a lifetime of savings to attain. There are many options available for car insurance in Pakistan, ranging from 2T, 3T, 5T car coverage policy, and Third Party Liability to Comprehensive insurance. Today we will look at comprehensive car insurance and some perks that come with it. We will also shed some light on the importance of car insurance and which plan is generally best for cars. Let’s Compare takes account of its client’s best interests when educating them. Our discussions cover the queries from clients and what they want to know more about insurance-related topics. Let’s take a look at everything about comprehensive car insurance together!What Is Comprehensive Car Insurance?It is a complete coverage plan that covers the insurer against own damages, natural disasters, and third-party liability. It is an all-in-all cover for your car. It provides financial cover against the damages done to the vehicle. Third Party Liability is the least coverage required by our law. On the other hand, comprehensive car insurance makes it much more convenient for the insurer since it provides maximum protection and is beyond what the law requires. What Parts Are Covered By Comprehensive Auto Insurance?Comprehensive car insurance is a complete package for all kinds of damages done to your car. Keep in mind that insurance plans only cover the parts that come with the vehicle. No insurance plan covers parts that you attach later. Let us assume you modify eternal attachments to make your car look more sporty. The insurance plan will not cover any damage to those parts. You will have to pay for it out of pocket. What Are The Benefits Of Having Comprehensive Car Coverage?Since cars are such prominent assets, it is wise to spend a few extra rupees to have a financial cover against damages in the future. Insurance should be a part of planning, whether it is comprehensive or any minimal plan because a minute scratch can throw your budget off for months. So rather than spending money on it out of pocket, it is better to have a safety plan ready for unforeseen events. Other than that, the more stress-free you are, the more efficiently you will drive. Car insurance takes away the stress of financial burden off your shoulders. There are other perks like the No Claim Bonus (NCB) which encourages drivers to drive safely and promotes safe driving habits. The NCB states that if the insurer does not claim insurance in the period mentioned on the policy, they are granted some cookie points for being a good driver. Comprehensive car insurance protects you against the following damages:Natural disasters; like earthquakes, flooding, hailstorm, fire breakouts, and lightning strikes.Strikes, riots, vandalism, and theft.Own damage, third-party damage, loss of parts, theft. Discussed above were the advantages of getting comprehensive car insurance. Let’s Compare has elaborate plans for all kinds of clients concerning car insurance. We encourage our clients to go for comprehensive car insurance plans. We are partners with reputed insurance companies across Pakistan, making our service as excellent as theirs. We take great pride in keeping our clients satisfied. Get your car insured now!More Topics: Difference Between Third-Party Liability And Comprehensive Coverage In Car Insurance

What are the types of car insurance available in Pakistan

Posted by Admin on 03 Aug 2022

Car insurance is the most popular insurance along with travel insurance. Car insurance is the best investment when it comes to protecting your car. It ensures that you are covered in an event that you are involved in an accident. There are many options available for car insurance in Pakistan. Namely, comprehensive car insurance, third-party liability, 5T, 3T, and 2T. There is also an option for a tracker. We are going to take a look at them together.Comprehensive Car InsuranceComprehensive car insurance is for when we want full cover for the car in case of an accident. This car insurance policy guarantees that when you suffer damage to any of the pre-attached parts. It protects you against natural disasters and accidents caused by you or the other car hitting you. Hence comprehensive car insurance covers your car under all circumstances.Third-Party LiabilityThird-party liability is the cover for you when you are involved in an accident caused by you. In this case, you are responsible for the damages caused to the other person’s car so you have to pay for the repairs. Rather than paying it out of pocket, you can claim your insurance and pay them for damages. This is also the minimum insurance you should have according to the law of Pakistan.5T, 3T, And 2TThese are different options for coverage. 2T covers theft and third-party liability. 3T covers total loss along with the aforementioned covers. 5T further covers tracker and terrorism. All of these covers still do not guarantee full coverage. That is only guaranteed by the comprehensive insurance policy. The 5T policy is different from comprehensive car insurance as it only covers the mentioned damages. Let's say your car is damaged due to riots or flooding then the 5T policy will not cover the damages but comprehensive will.TrackerTracker is to protect your car in an event of theft. Let’s say your car got stolen but you have a tracker on. So it is easily traceable and not lost, hence you will not need to file a claim for a lost vehicle and contact appropriate authorities to recover your car. Tracker only provides the flexibility of locating your car given there is no damage to it when the car gets stolen. If the tracker is damaged by the robber then the chances of the recovery of the car are slim and you may need to file a claim for the lost vehicle. Are There Other Options Available?There are many other options available but it really depends on your location and insurer. Some insurance companies offer underinsured and uninsured motorist cover, collision coverage, and personal injury protection. Different insurance companies have different options to offer.Let’s Compare offers insurance plans from different insurance companies in Pakistan. We partner with renowned insurance providers to bring the best services to our customers. We offer the best service along with great and unbiased advice.More Topics Covered About Car Insurance In Pakistan:5T Or Comprehensive Insurance-Which Is Safer?Difference Between Liability And Comprehensive Coverage

Marine Insurance Explained

Posted by Admin on 02 Aug 2022

As of right now in Pakistan, it is quite hard to get your hands on imports. So when you actually do get your hands on one, you need to make sure that it arrives safely and in one piece. Hence where marine insurance comes into play. Let’s Compare Online (Pvt) Ltd has added on to its service options and extended its products while keeping in mind the concerns of its clients. We have heard and noticed a pleasant change in the client’s concern about getting their valuables insured rather than bearing with the financial loss. Let’s see that we should know about marine insurance. What Is Marine Insurance?Marine insurance is a contract between you and your insurance provider to ensure the safety of your goods and cover the damages to your product in case of any unfortunate event. Marine insurance can be done for everything traveling to you via seas. Marine insurance is done for the products coming to you from one port to another.What Does Marine Insurance Cover?Marine insurance covers your shipments and cargo. It promises to cover cases of natural disasters, piracy, theft, violence, and other such incidents. Hence protecting your goods from natural and man-made disasters. In case of any damages to your goods, they will be covered by the insurer. Why Is Marine Insurance Important? Usually, when ordering from overseas we tend to buy products that require a big sum of our savings including the shipping which can sometimes be over the top. Imports are no joke when it comes to the prices. The goods might be as cheap as a dollar but the shipping prices are often shooting out of the roof. Any loss to the items can lead to a huge sum of money draining down the river.  This is why it is wise to get your imports covered so that you don't suffer double damage if something terrible were to happen to your valuable goods.How Does Marine Insurance CoverThe cover for marine insurance depends on the country it serves. Marine insurance in Pakistan will provide cover in PKR. When you buy marine insurance you are supposed to put the amount of your product and it will generate quotes for you from different companies. You can now compare and select the one that suits your needs the best. What Products Are Covered In Marine InsuranceIn marine Insurance, the coverage depends on the value of the products. Hence, making insurance for all types of products accessible for you. Whether it be a product worth 1 USD or a product worth 100 USD, all in all, your products along with the shipment cost are covered and you will not need to worry if your product doesn’t reach you on time because the transport suffered an accident on the way. Your financial damage will be reimbursed. Let’s Compare is an online insurance comparison platform where you can compare policies from reputed insurance companies across Pakistan. We take pride in great customer service and providing clients with unbiased advice.Related Topic: What is fire insurance?

How To Combat Unexpected Trip Expenses

Posted by Admin on 01 Aug 2022

While you are on travel there are many times when you were never prepared for what's next to come. Nowadays, people often travel with tour guides and pay in advance. Still sometimes under the wrong circumstances things can go downhill and you might need to be prepared in advance. Some of the instances might be your vehicle breaking down, electricity outage, losing essentials, and so many other things. Let’s Compare is here to tell you all about the expected expenses of a trip.Tipping TrendsOne should be aware of tipping trends of the destination they are traveling to. Every place has a different trend when it comes to tipping and so it is important to keep some extra cash in order to pay an appropriate amount. Other than that daily essentials might be a little pricier than they usually are due to added transport and other charges. So always keep cash with you keeping in mind all these circumstances.EmergenciesWhen you are traveling to a place, especially with a group it is very common for at least one person to run into an accident. That may require immediate medical attention otherwise their condition might worsen. Let’s say they got a big cut that can be treated with bandages but you didn’t pack any. This cut could cause a serious infection if left untreated. And in any case, you should have travel insurance or a health insurance policy to cover if the injury is critical.Educating On SurroundingsBefore you leave for the trip, make sure you have done your research not only from the navigation viewpoint but also from the wildlife and especially bugs' viewpoint. We are accustomed to regular mosquitoes and occasional frogs but when you are traveling it is common to come across a giant version of these bugs and they can cause a serious panic attack. Not only that, they might even be poisonous. So always keep appropriate antidotes in case you get stung by any poisonous insect.Beware Of The WildlifeWhen going hiking, beware of the wildlife. Always hike with a local or with a tour guide. They usually keep guns and appropriate weapons in case of animal encounters. Forests and thickly packed trees are a good spot for ambush hunters so you might come across a jaguar or panther. They mostly don’t bother to disturb and just scurry away when they encounter humans but they too consider their lives valuable, so if you are in the way of their safety they might end up attacking you. Get Insurance Policy First Thing Before TripBefore you plan on going on a trip, it is highly recommended that you get insured in case of an emergency. Whether you fall sick or twist your ankle, you should get yourself covered and travel as soon as you can to the nearest hospital in case of an injury. Being in a forest with an open wound is extremely dangerous. It can quickly get infected and escalate to serious health problems. You can get insured through Let’s Compare Online in 3 easy steps.Let’s Compare is an online insurance comparison platform where you can compare and buy insurance plans from reputed companies across Pakistan. You can buy insurance in 3 easy steps. We take great pride in serving our clients with the best products that suit their needs. So get insured for your upcoming trip!