The importance of insurance has been stressed severally, but there’re at times when putting in place a temporary auto insurance may suffice for a variety of reasons.
For instance, if you’ve a new car, you may want to take it home first before making any permanent decisions, or when embarking on a long journey, and would want your best friend to be the one behind the wheel you might consider a temporary auto insurance.
Even though different policy rules govern the use of vehicles in different countries and states, it’s very possible for you to pay for temporary auto insurance as a standalone short-term cover or simply extend your temporary cover with your existing policy and simply pay the difference between the two.
In the article below, we look at some of the amazing benefits that users can expect to reap from temporary auto insurance.
Covers You from uncertainties
The only difference between temporary auto insurance and a normal policy is only the duration that users enjoy insurance.
This is to mean, that with a short-term insurance, you can enjoy all benefits that a driver with standard policy has, as long as the cover period has not expired.
Whether it’s theft, burglary, natural disasters or accident, you can be assured of compensation, and of course, it depends on the type of the temporary cover that you have subscribed to.
No need for MTA on a standard policy
For standard covers, which are often subscribed On An Annual basis, it’s often extremely challenging to add an extra driver for a short period of an existing Policy.
Some of the hindrances that affect the addition of new drivers include age limitation, insured vehicle, country of residence of the extra driver, and address of the added driver.
On the other hand, temporary insurance is a straightforward, simple, is available online within minutes and a certificate of compliance is available immediately.
While temporary auto insurance might be rather expensive per individual unit, it’s generally a cost-effective option on the long run.
For standard users, it’s mandatory that you pay for the cover on a yearly basis, and if you decide to pay on a monthly basis, you are going to be charged interests on the monthly premiums-this is even if you’re not using your car.i.e. it’s broken.
On the other hand, short-term auto policy requires You to pay for the cover, only when You need it, and It can go a long way in saving your cash.
Flexibility of vehicles insured
With a short-term policy, you’re at liberty of insuring one vehicle for a day or two, then change the car and acquire another cover for the days you have the second car and so on.
Provided the model and make of your vehicles are accepted by your provider, You can have temporary car insurance for as many vehicles as You would wish.
This is a scenario that is not accepted in standard auto cover since you bind your car on a yearly basis.
Flexibility of Dates For Cover
As with the vehicles to be insured, insurance dates are flexible as well.
For instance, a visiting friend of your borrows your car for a couple of days, then move to another friend day later and borrows their car, etc. each period can be separately insured rather than insuring The whole period.