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Car Insurance in Pakistan

What Are The Myths Around Insurance

Posted by Admin on 18 May 2022

What are some common misconceptions about insurance? Any industry that exists is bound to have some myths around it and insurance is no different. Hence, an intelligent move while exploring any topic is to debunk the myths. Today, we are here to do exactly that! Let’s Compare empowers its clients and customers to make an educated decision when it comes to buying an insurance policy online. So, let’s take a look at what are the myths around insurance and debunk them!Myth #1: Everything Is Covered!This is a common myth that every insurance policy covers everything. Not every policy covers everything. A third-party car insurance pakistan only covers third-party liability and 3T will only cover theft, total loss, and third-party liability. For other damages like collision damage, you will need to get collision coverage. This is the same for all types of insurance like health and travel insurance Pakistan. Also, not every company offers the same covers, so it is important to compare all options and get the one with the best coverage and justified rates.Myth #2: You Should Always File A Claim!No! You should not always file a claim. Do you know that there is a “No Claim Bonus” or NCB annually if you don’t file a claim? Other than that it is not recommended to always file a claim because your claim charges and the deductible might be more than the amount you pay out of pocket for repairs. So, compare the deductible and make a decision if you should file a claim or not. Also, if you don’t file a claim for the tenure of premium, you get a bonus that might compensate you for more than what you paid out of pocket. So, it is not important to file a claim each time for every small damage.Myth #3: Loyalty Will Always Benefit You!Not true! We often think that staying loyal to one company will win you benefits and cookie points from them. Which is false. Insurance companies offer universal benefits and discounts so you are no different from them. It is advised to shop for insurance every year 30 days before your policy ends. This will help you get a better rate with comparison. For this, you can use an online insurance comparison tool like Let’s Compare! Myth #4: Having Only State’s Minimum Coverage Will Save Money!That’s not how insurance works! Let’s say your state requires minimum Third-Party Liability. But have you ever wondered about a more grave situation like a natural disaster hitting or your car getting totaled? What then? You won’t have enough cover for these circumstances and then you will need to pay a heavy amount out of pocket that, otherwise, might have been covered by your insurer if you had adequate insurance. Myth #5: Premium = Deductible!This might be a blow if you are buying insurance for the first time! You might have misunderstood or not done thorough research but sadly, the premium is not all there is! When you decide on claiming the insurance, you will need to pay some amount out of pocket at that time which is called a deductible. So keep in mind that you will need to pay a little more when you claim the insurance.ConclusionWe have debunked some of the myths around insurance that we frequently came across. If you have any more questions that you need to confirm and myths that need debunking, let us know and we will surely answer your queries!Let’s Compare works on making it easy for the clients to trust us and buy insurance. We are an online insurance comparison platform empowering our customers and educating them by giving them fair and direct comparisons. We are partners with 10 leading insurance companies in Pakistan and we deal in health, travel, and car insurance.

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Travel Insurance in Pakistan

What Is Travel Insurance

Posted by Admin on 16 May 2022

Have you ever wondered about getting into a compromising situation while traveling and then having no means to aid you? Have you ever thought about taking precautionary measures before boarding the plane in case you get into an emergency situation? Well, travel insurance is designed exactly to avoid such a situation. You are covered for a lot of bad situations while traveling if you have travel insurance from Pakistan. Not only luggage recovery and health care, but some policies also cover a considerable sum of ransom money if in any case, you’re also unfortunate enough to get kidnapped. In short, a travel insurance policy covers you while you’re traveling. Let’s take a look at what travel insurance covers you for when it comes to different aspects.Travel Insurance Pakistan Cover For LuggageWhen it comes to travel, the thing making you the most concerned can be luggage. One of the situations where you need cover for luggage can be when you are staying in between your flight and you were not told before and now you don’t have clothes. In this case, your international travel insurance policy can cover you enough to get some clothes and other essentials.Another scenario is when your luggage is misplaced and yet to be located. In this situation, the insurer reimburses you for the price of essentials that you need ASAP. You can buy some things that you immediately need while your luggage is searched for. The best part is you get to keep the essentials once your luggage is found!In another situation where your luggage is lost for good and cannot be located, you can get the full reimbursement for your luggage for your long stay. There are many similar situations where travel insurance has got your back when it comes to your luggage!Travel Insurance For Flight DelayAnother great perk of buying travel insurance online is that you might get to dine-in in a fancy restaurant and stay a night in a luxurious hotel room. Travel insurance covers in case of a flight delay. When the flights are off schedule and you have to wait a couple of hours or a night, they will cover you for a meal in a nearby restaurant and also for a stay in a hotel room. Hence, travel insurance gives you all the perks to make your travel comfortable.Travel Insurance From Pakistan Cover For Health CareThis is the aspect of why travel insurance is so important! Most people get travel insurance from Pakistan due to this reason. You never know how expensive healthcare is in the country you’re traveling to. Other than that, your health care provider at home is not able to cover you when you’re overseas. So health insurance pakistan is also important due to this reason. Travel Insurance Cover For RansomYes! In case you get into a nasty situation, travel insurance will not leave your side. It covers you in case you get kidnapped or hijacked and if your kidnapper asks for ransom. Travel insurance will cover you under almost all circumstances and dangers while you’re traveling so you need not worry about being left alone in any bad situation. Travel Insurance Cover For Emergency Evacuation And Flight CancelationLet's say, you were all set for a trip but due to some unforeseen circumstances you have to cancel your flight. The circumstances can be a natural disaster hitting the destination, death of your insurer, complications in your flight, or anything. Travel insurance covers and reimburses you under all such circumstances that are out of your control. ConclusionNow you see why having travel insurance Pakistan is important and why you should consider getting one. It helps you in almost all situations and provides a heavy financial cover. Other than that you should always keep your options open and know what they are. This is why Let’s Compare brings you an online insurance comparison platform where you can compare quotes from leading companies in Pakistan side by side and make an educated decision. Visit our website now and get travel insurance from Pakistan at the best rates!

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Car Insurance in Pakistan

How To Save Money On Car Insurance

Posted by Admin on 13 May 2022

Car insurance is considered a hassle when one buys a car. Also deemed as expensive, car insurance in Pakistan is still booming with countless buyers all across the country. With this comes a need to save as much money as you can on other luxuries that can provide a guard to your most important assets. Unlike common belief, car insurance is not too expensive to buy depending on the package, insurer, and other things considered. If you put your money in the right place and invest your time in doing all the research prior to making any big decisions, your investments will pay off in the future. Let’s look at some tips to save money on car insurance and overall investments related to your vehicle throughout your life.Your Choice Of Vehicle Matters A LotTake your vehicle of choice into consideration before sealing the deal. It has a great impact on the insurance you want to buy. The rarer the vehicle is the more expensive the insurance. Hence it is important to set your priorities straight. This decision of yours will greatly impact the car insurance value.Consider The Time You’ll Spend Behind The WheelThis is important because the more you drive the more coverage you will need. This is because you will be more prone to getting into uncomfortable situations. Needless to say, it is an important factor to consider when expecting to buy insurance. Not only will this help you decide on the right package, but also help you save a lot of money in the long run. Let’s say, you spend a considerable amount of time driving but you don’t buy enough coverage due to lack of funds, you might end up spending more than you should have in case of an accident because you didn’t have enough coverage.Exploring Should Be Prioritized! In order to make car insurance affordable, you should know what your options are. This is not only true for comparing insurers but also for the type of cover you are expecting to buy. Whether you need comprehensive coverage or 3T coverage, your options should be clear to you. Other than that you might get discounts from other insurers without compromising the coverage. This means you can get the same amount of coverage but with a discount. Always be open to exploring your options when you wish to buy car insurance online. This will save you a lot of funds in the long run.Let’s Compare is an online insurance comparison platform where you will be exposed to all the options available by 10 leading insurance companies in Pakistan. You will get the best customer service and guidance regarding the plan you are planning to buy or if you need any alternatives. Try To Look For DiscountsWho does not love discounts? We all want discounts! Then why not look for them when you plan on buying insurance. They might not only be on your budget but might even save you some more cash than you anticipated. Then why not explore and look for discounts by different insurers and choose the best one? If you’re young and looking for insurance while trying to save up some money, go for discounts! Third-Party Insurance Might Be PricierIt is a common misconception that third-party insurance will cost you less than comprehensive. In the long run, it will cost you more than comprehensive. This is because you might be covered for third-person liability but other than that all the other costs for damages will be paid by you out of pocket. Instead, if you get comprehensive car insurance, you can save a great sum of money. These are some tips that you can use in order to save a lot of money in the long run. Let’s Compare is always trying to educate their audience and clients about what improvements they can make in their decision-making process in order to save as much money as they can and instead spend it getting something that is more important than repetitive covers. Visit our website and find out more about insurance policies and tips on how to save money. 

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Car Insurance in Pakistan

A Comprehensive Guide To 3T

Posted by Admin on 11 May 2022

Car insurance in Pakistan is getting quite popular with an increase in buyers. This is an act that must be appreciated since people are getting more aware of their assets and how to protect them. Indeed, one's health and life is an irreplaceable assets. After all, what matters is an individual's health that has to enjoy the luxuries of this world. Most people who are getting insurance come across terms like 2T, 3T, and 5T. Today, we will shed some light on 3T car insurance. As the term 3T suggests, it should cover 3 types of compromises for your car. Now let’s take a look at what these three damages are!Total Loss Of VehicleThe first damage the 3T car insurance policy covers are the one of a total loss of the vehicle. The total loss means that your vehicle was involved in an accident that caused the damage and totaled your vehicle. In this case, the repair is almost impossible and if there is any chance that the workshop can repair the car it might cost more than the price of your car. It will not be worth going through the hassle. So, in this case, the insurer will instead reimburse the market value or insured value of your vehicle. After that, you can decide what to do with the amount. TheftThe second T of the 3T policy is Theft. In case your vehicle gets stolen and you cannot locate it and are unable to find it after all your resources are spent, the insurance company you’re insured with will then reimburse you for the insured value or market value of your vehicle. Hence making the 3T policy an effective policy to buy for your car. Third-party LiabilityIn many countries, third-party liability cover is mandatory. It is mandatory in Pakistan as well. Third-Party liability cover is to protect the third party compromised in case of an accident involving your vehicle. In the 3T policy, your insurer covers you for third-party liability and reimburses the cost for it. This means that you don’t have to pay out of your pocket for the damages done to a third party in case of an accident. Let’s Compare always tries to educate clients and followers about frequently asked questions. Hence this article is a great help to our audiences who frequently come across the terms like 2T, 3T, and 5T. Let us know if we were able to cover all the questions related to the 3T policy and if you have further questions. However, keep in mind that this policy, like every other policy, is only eligible if you have already bought it. Otherwise, you cannot file a claim after the damage has been done. For further information, visit Let’s Compare Online (Pvt) Ltd.Let’s Compare is an online insurance comparison platform where we offer policies from leading insurance companies in Pakistan. We offer the best comparison among the policies for our clients to choose from. We take great pride in excellent customer service and serving our clients with great advice when needed. Visit our website now to find out more about insurance and get car insurance now! 

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Travel Insurance in Pakistan

Why You Need Travel Insurance For Summer Trips

Posted by Admin on 09 May 2022

Traveling is a big event in one’s life and most people only experience it once in their life. Hence it is a big investment. To make sure that your experience is safe and wholesome, some countries bind you to get travel insurance from Pakistan in order to avoid any inconvenience in your journey of a lifetime. This is to ensure that your experience is not tainted by any unfortunate events. Especially in the ongoing times of covid, it is essential to have travel insurance with covid coverage. This will enable you to get adequate cover in case of exposure to coronavirus. Pandemic is an important reason to get travel insurance but that alone does not signify its importance of it. There are many other benefits one should get from travel insurance.Other Benefits Of Travel InsuranceIt is not necessary to spend all your assets on surviving a trip that you were supposed to enjoy! You can also save those assets to use them on more meaningful things with your friends and family. You get complimentary health insurance along with cover for your lost or misplaced luggage. This is added because your healthcare provider back home might not be able to provide health insurance to you while you’re traveling. So the travel insurance provides a temporary cover while you’re on the go. Other benefits include cover for your misplaced luggage. You may ask what does coverage for misplaced luggage means? It means that in case you lose your luggage with your essentials in it, you can claim insurance and get the sum for recovering the essentials until your luggage is located and returned to you.Another situation is when your luggage is lost and the staff cannot locate it. In this scenario, you can claim lost luggage and your insurer will reimburse you for the price of your valuables. This is helpful since you save a big sum of your expenses and you can instead spend them on other experiences. You also get cancellation coverage. This means that if you were planning to visit a country and due to some reason, let’s say a catastrophe hits forcing all travels to halt, you will be reimbursed for the amount spent on the ticket and if you were in that country at that time of the disaster, your insurer will cover for the cost of your travel back home.Hence, you can see that getting a travel insurance policy does not come with any side effects, and having one will always benefit you. Whether it be flight cancellation, medical expenses, covid cover, or relocating or replacing the luggage. It will always help you save your valuable assets and rather spend them on more meaningful experiences. Let’s Compare is an online insurance comparison platform where you can compare travel insurance from different companies in Pakistan. We are partners with 10 leading insurance companies in Pakistan and we offer guidance regarding the best insurance plan for your needs. We take pride in customer satisfaction and excellent customer service. Visit our website now and get travel insurance!   

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Health Insurance in Pakistan

All About Family Floater Plans

Posted by Admin on 29 Apr 2022

The best investment is the one you make in your health. With an increase in health concerns, people are getting more aware of how to take care of themselves and their loved ones in every way possible. Health insurance in Pakistan is gaining more popularity among people. Most of the time people prefer getting family floater plans as they fall under budget and they cover the whole family under one policy. Today we will guide you about what family floater plans are and how they are more convenient for you if you are looking for a health insurance policy that covers the whole family.What Are Family Floater Plans?A family floater plan is self-explanatory, it is the plan that floats from you to your family. Meaning the insurance is issued in your name and covers your whole family. Your family includes you, your wife, and your children.How Do Family Floater Plans Work?Now, just in case you want to get insurance for your parents, there is a different insurance plan for that. A clever hack to get insurance for your parents and siblings under one insurance policy is to get insurance under the name of your parents and add the other parent as spouse and add yourself and your siblings as children. But there is one problem with this approach. You and your siblings might not fall under the age bracket for family health insurance plans. The age limit of the child for the health insurance plan for the family is under 18. If you exceed the age limit then this is not eligible. In this case, you will need to purchase individual insurance for each one of your siblings and a health insurance plan for your parents. Another thing is if you have children. In that case, it is better for you to purchase a health insurance plan for your family and a health insurance plan for your parents separately. If you really want your siblings covered then you can encourage them to buy individual plans.TakeawaysAll in all, following are the takeaways from this depending on your scenario:If you are married and have a child, get a health insurance plan for your family.If you want yourself and your parents covered, get a family plan under the name of your guardian and add yourself as a child if you fall under the age bracket.If any of your siblings exceed the age bracket, get individual insurance for them.If none of you or your siblings fall under the age bracket, get individual plans for everyone and get an insurance plan for your parents.Keeping the fact that family floater plans float to the spouse and children (under 18) in mind you can play around and find the best-suited scenario. Where To Get A  Family Floater PlanYou can get these plans conveniently by comparing them side by side on Let’s Compare. Let’s Compare is an online insurance comparison platform, partners with 10 leading insurance companies in Pakistan. We offer health insurance quotes for individuals, families, and parents. Visit our website now for travel insurance & car insurance and get yourself and your loved ones insured instantly.