Car Insurance in Pakistan

How Not To Claim An Insurance

Posted by Admin on 02 Mar 2022

Did you know that you get a No Claim Bonus (NCB) when you don’t claim insurance for your vehicle? It encourages our customers to practice safe driving while on the road. It prevents the possibility of accidents and any life-risking events. You must be wondering what NCB is? Let’s take a look at it.

No Claim Bonus

No Claim Bonus is the discount offered by insurance companies to the insured at the policy renewal. For instance, the insurance companies offer a 20% to 50% discount if you have no claims in your previous policy, which is called the No Claim Bonus.


Can You Keep The NCB When You Change Your Vehicle?

Yes! You get to keep your No Claim Bonus if you change your vehicle. In that case, you will get the certificate of NCB, and you need to keep the copy of the certificate and the old registration copy and then ask the insurance company to provide the transfer certificate. After that, you need to request an insurance company to transfer the NCB to the new policy.

Can You Keep The NCB When You Change Your Insurer?

Yes! The insurance companies let you keep the No Claim Bonus if you change your insurance provider. First, contact your previous insurance provider and request the NCB certificate. Then, submit it to your new insurer, and they should be able to transfer the claim.

If all of this excites you, you should read ahead to find out how you can prevent claiming a bonus!

How To Prevent?

It’s simple! Practice driving safely and don’t get into any accidents. Follow the safety guidelines: 

  1. Observe the speed limit.
  2. Stay focused and alert.
  3. Do not depend on other drivers.
  4. Avoid distractions.
  5. Keep a 2-second cushion between you and the other car.
  6. Make it 4-seconds in rain or storm.


Now you know! The perks of staying safe and not claiming a bonus in return are pretty appealing. Hence, we should all practice safe driving and encourage others to drive safely. 

Let’s Compare is an umbrella under which you can get all the benefits and customized insurance plans for car as per your needs and requirements. We partner with Pakistan’s ten best insurance companies, leading the insurance market. Go to our website and contact us to get bonus offers on all your insurance policies. Get an insurance policy from Let’s Compare now and add an extra shield of protection around you!


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Car Insurance in Pakistan

What Is Commercial Vehicle Insurance

Posted by Admin on 26 Jan 2023

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Fire Insurance in Pakistan

Fire Insurance And Its Features In Pakistan

Posted by Admin on 24 Jan 2023

Insurance protects you and your assets in case of an accident. Everything can be insured against all kinds of threats. Fire insurance works similarly, it protects you and covers your assets in the event of unexpected fires. Fire insurance has many features that we will discuss in today’s blog. Let’s take a look at them now!What Is Fire Insurance?Fire insurance reimburses the cost of repair, reconstruction, or replacement of any property damaged during the incident of fire. It also covers the damage caused by smoke and water while firefighters put away the fire. Hence it covers all kinds of property damage caused during the fire. What Are The Features Of A Fire Insurance Policy?There are many features of a fire insurance policy. Some of them are discussed below!Insurable Interest In PropertyThis condition implies that the survival of the item getting insured should be beneficial for the policyholder and if the item is lost during the fire, the policyholder can suffer a loss. This is applicable both at the time of buying policy and at the time of claim.Principal Of Utmost Good FaithThis states that at the time of buying the policy, the insured must spill all the details of whatever is being insured. The risk of the building catching fire, environment, construction of the house/shop, and other related queries. This is important because the insurer needs to calculate the risk and issue the policy accordingly. During any time when the insurer finds out that the vital information was hidden from them, they have all the rights to terminate the policy. The insurer is also responsible for telling you all the details about the policy and suggesting you the best one that suits your requirements.  Contract Of IndemnityThis states that the policyholder must only claim up to the limit settled at the time of buying a policy. In case there was no damage, the claim is no longer acceptable. These were some features of the fire insurance policy. Now, look at who can get fire insurance.Who Is Eligible For Fire Insurance?Anyone who wants to protect their assets is eligible for fire insurance. It benefits the shopkeepers or business owners the most. For example, if you own a business of furniture or clothes and in case of a fire, these two things will get affected the most and will cause huge financial damage. So a shopkeeper or business owner must have fire insurance for such instances.  In conclusion, if you have any asset that you want to protect from fire whether it be your whole house or your business you must get fire insurance. This will reimburse the damages done by fire, smoke, and water while putting out the fire. Some policies may even offer the temporary residence for the ones who lose their houses and living spaces to fire. It also has emergency medical cover in case of burns and damage to one’s own health. So get insured now!