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Car Insurance in Pakistan

All About Comprehensive Car Insurance In Pakistan

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

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Car Insurance in Pakistan

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

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Insurance brokerage

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?

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Health Insurance in Pakistan

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!

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Fire Insurance in Pakistan

What Is Fire Insurance

Posted by Admin on 26 Jul 2022

Sometimes, things get out of control and it is not anyone’s fault. Especially regarding fire-related incidents, it is extremely unpredictable when and how something escalates fast. You could be having a barbecue in a controlled environment but you could happen to spill or something can fly off to the wrong spot at the wrong time and set it ablaze. All in all things are not always in your control. Hence, considering this fact Let’s Compare has decided to upgrade its services. We are now dealing in Fire Insurance in Pakistan to add an extra layer of protection for our clients. Let’s take a look at what fire insurance is.Fire insurance is an extra layer of protection for your property from fire damage. Almost all the insurance related to the property provide fire insurance to some extent but it is not enough in case of a serious fire hazard. So to cover your property in case of a fire breakout, you need to have fire insurance.How Fire Insurance WorksThe coverage of fire insurance varies with the price of the house. So it is advised to check the price of a house each year before buying insurance to make sure if you need to increase the coverage or not.The fire insurance covers the cost of property loss during the fire. It also covers the cost of damages done in the event of putting out a fire with water or a fire extinguisher. Fire insurance policies contain general exclusions like wars and nuclear-related incidents. Why Buy Fire Insurance When My Homeowner’s Policy Already Covers Fire?Your homeowner’s policy might have a cover for a fire incident but it will not be extensive. For instance, your homeowner’s policy will not cover the damages in case of lightning, wars, or nuclear risk but a fire insurance policy will cover all of these risks. Even if you don’t need it, it is still a good idea to have an extra layer of protection.What Does The Policy Cover?The policy covers the damage caused by almost any kind of fire. Fires are caused by electricity, faulty wiring, and explosions. Other than that fire caused due to natural causes is also covered. For instance, fires caused by lightning strikes are covered by fire insurance. Seeking our client's best interests we have added fire insurance to our list of protection plans. Fire insurance is an extra protection plan that gives you added benefits when it comes to fire-related incidents. We always keep our audience in mind and try to be considerate while planning. Hence, making the decision to add more insurance plans to our collection. One of them being fire insurance.Let’s Compare is an online insurance comparison platform destined to serve clients with the best insurance policies. We take great pride in excellent customer service with unbiased advice. We offer insurance from the best insurance companies in Pakistan. They are some of the best companies on board. 

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Health Insurance in Pakistan

What Is Corporate Health Insurance

Posted by Admin on 19 Jul 2022

Many reputable companies provide numerous benefits to their employees. These include health benefits as well. These benefits are provided on behalf of an insurance company. Big corporate companies reach out to prestigious insurance companies and team up with them to get insurance plans for their employees, which cost them way less and the employees are adequately covered. Corporate health insurance is when a company seeks health insurance plans in Pakistan for its employees. It is more like a group health insurance plan that companies get for their employees. It provides covers like pre/post hospitalization benefits, OPD, and maternity benefits for female employees. Why Do Companies Offer Corporate Health Insurance?Companies often offer health insurance in Pakistan to their employees to attract more employees and to retain the ones already working under the company. Other than that there are many other reasons why companies opt for corporate health insurance. One is affordability, when they purchase a bulk of insurance plans for their employees it costs them way less than getting an insurance policy for individual employees.What Is The Coverage For These Policies?They have many benefits, two of the main ones are listed below:Hospitalization Benefits:An annual limit for many hospitalization benefits is covered in this policy. It includes hospital stays and visits to the doctors during stays, surgery, specialized diagnostic tests, inpatient hospitalizations, emergency accidental treatment, and pre/post hospitalization on per day limits.Maternity Benefits:Maternity benefits are applied to married female employees that are under maternity. The benefits include prenatal treatments, childbirth, postnatal treatments, and complicated delivery. Health insurance purchased for maternity purposes is only applicable when it is purchased before conception. This is why corporate health insurance works better. Are There Criteria For Employees To Sign Up For It?Just like any other policy, there is an eligibility criterion for the employees. The employees have to be of a certain age to sign up for it. The minimum eligibility for employees to enter is 18 years and the maximum eligibility is 59 years. Other than that the maximum eligibility for expiry is 65 years, after which you must opt for health insurance plans directly from the company. How Many Participants Are Needed For Corporate Health Insurance In Pakistan?For a company to go through with the corporate health insurance plan, they need to have at least 10 participants on board. If they secure this number of employees for health insurance then they are eligible for a corporate health insurance plan.The insurance industry is way more vast than we can imagine. It extends way further to corporate insurance, fire insurance, miscellaneous insurance, and many more. There are even insurance plans for your pets! There is insurance for everything that you own.Let’s Compare Online is an insurance comparison platform to compare and buy insurance from top insurers in Pakistan. We take pride in offering the best insurance guidance from offering quotes to claiming. Our UI is user-friendly and easy to access for everyone. Go to our website now and get insured!