Why Do Insurers Ask So Many Questions

Posted by Admin on 02 Dec 2022

Have you ever gone to buy the insurance and caught yourself stuck with an agent who won’t stop questioning you? Maybe they’re asking for your birthday or maybe they’re asking for the color of your car or perhaps how many siblings you got?

These questions might be of a slightly personal niche but don’t worry they are not really interested in retaining this information. They just want to know accurate information most of the time to make sure that you are issued the right policy for you. Like they might be asking for your birthday to know that you fall under the age range of your age group. Maybe they’re asking the color to provide specific information to the investigator and for the number of siblings or children so they can refer to the health insurance plan that best suits you!

Let’s look at some questions that are asked by the insurers so we are better prepared for what is to come!

How Much Savings Do You Have?

They might ask you about your savings. The insurance industry focuses a lot on financial stability and keeping your finances safe for the future. So some insurers may ask you this out of goodwill so they can give you a better plan which may help you save the most in the future. You can also ask this question if you need any financial guidance.

What Do You Like And Dislike In Insurance Policy?

If you had an insurance policy before or had some exposure to insurance they might ask you if there are some aspects of insurance that you may or may not like. This will help them find you a policy that best suits your interests. You can also ask for their opinion from your point of view and what would they go for if they were buying an insurance policy.

What Is Your Most Important Asset?

This is the question asked when you are indecisive about what to protect with your limited budget. This question helps us get rid of other uncertainties and decide what to protect first. This way we can also recommend the best policy for you! We have a range of policies for you all from cheap to expensive.

All of these questions can be asked from either side. You can ask these questions and any other questions that concern you about insurance and finances or anything that has been bothering you and you want to be covered.

Let’s Compare is an online insurance comparison platform and we value our client’s comfort. We have a user-friendly UI that helps clients navigate through pages easily from the comfort of their homes. We are partners with the best insurance companies across Pakistan and we develop trust through honest opinions and unbiased advice. Get insured now with Let’s Compare and live the safest life! Protect your finances!

Let’s Compare Shakes Hands With Hello Doctor

Posted by Admin on 27 Jan 2023

Yes, it’s true! Let’s Compare has joined hands with Hello Doctor being mindful of their client’s comfort. Hello Doctor is a virtual consultation platform where you can get the best online consultation from the comfort of your home. You have access to healthcare, advice, and treatment online. Not only that but they also offer the prescription to be delivered right to your doorstep. Hello Doctor has launched its online clinics in order to make healthcare convenient and accessible for everyone. They offer affordable consultation and medication. With Let’s Compare now, you can not only get insured but also consult your healthcare provider to choose an appropriate health insurance plan and invest your resources in the right place!So what are you waiting for? Get online health insurance in Pakistan and healthcare side by side with Let’s Compare and Hello Doctor!

Car Insurance in Pakistan

What Is Commercial Vehicle Insurance

Posted by Admin on 26 Jan 2023

Car insurance is one of the most popular insurance types sold in the insurance industry. Cars are considered the ultimate assets which is why they are valued much more than other possessions. Most people are passionate and take car care personally, which is why they do all they can in order to ensure the safety of their cars. Ever since there has been a hike in inflation, people have started using their vehicles for commercial purposes to make some extra money on the side. A common misconception shared by people trying to use their vehicle for commercial use is that their vehicle is insured under the standard insurance policy also known as personal car insurance. However, this is not the case. So let’s take a look at how you can cover your vehicle for commercial use. Why Is My Vehicle Not Covered For Commercial Use?Your vehicle is not covered under commercial use because using your vehicle commercially involves risk higher than regular use. It puts you and your vehicle at an increased risk hence it requires additional coverage. You use your vehicle a lot more than work and wandering. Oftentimes the risk is higher due to your hands being tied and you not being able to decline due to unfamiliar areas putting your vehicle at a greater risk of theft or damages and putting your life on the line. What Is Commercial Car Insurance?Commercial car insurance is an extended cover for your car when you intend to use your vehicle for earning. It is different from personal car insurance because it has cover options. Personal car insurance is designed to cater to your personal needs while commercial car insurance caters to all kinds of risks involved in your industry. What Can I Do With My Car Covered Commercially?There are a lot of concerns that need to be addressed when you are using your car commercially. You have little to no choice but to decline when expecting a paid service so it can cause a lot of damage to your vehicle and might put it at a greater risk of being damaged in any way. Following are the things commercial vehicles are most commonly used for.Offering pick and drop to clients.Delivering goods.Towing vehicles.Delivering intercity.Haul heavy loads.All of these tasks can put you and your vehicle at a greater risk of getting damaged. This is why it is important to have your vehicle commercially protected if you are using it for paid services.Who Is Covered Under Commercial Auto Insurance?Commercial auto insurance covers the driver and the passengers for personal injury under the bodily injury cover. It also has property damage cover for when you are at fault. In conclusion, commercial auto insurance is a must if you use your personal or business car for commercial use. It provides extended coverage than private car insurance so the premium may be higher depending on the insurer. This is due to a higher risk of vehicle damage or bodily injury.So get insured, and have safe driving!

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!