Thursday, June 30, 2011

Merits of Short Term Auto Insurance Policy

Short term auto insurance is for those car owners who want to insure their car for a very short period of time and want to avoid paying high annual premiums.
 Short-term auto insurance is specially designed for those who need short-term coverage and are quite happy to meet any expenses over and above the coverage out of their own pocket.

This form of insurance is recommended for new car owners who are still deciding whether to opt for a long term insurance or not. One problem faced by first time car owners is that they don’t have an auto insurance and still need to drive the new car from the showroom to their home. Under such circumstances they can get temporary auto insurance and bring their car home. This also gives them the time to search for the best long term auto insurance that suits their requirements.

In fact short term auto insurance can also be used by people who do not have a car, but are finding ways to borrow a car and even for those who are happy to lend their car to someone else for certain duration of time. In such cases temporary insurance is your best option because it protects your car against the costs of compensation in case of damage or repair of your car following a mishap.

This coverage is called temporary or short term coverage because these policies provide the benefits only for a limited period of time, ranging from 3 days to a maximum of two months. The period of time may vary depending on the insurance company, but the policy can be extended if desired by the insurer.
 Unlike some of the other auto insurance policies, which require large volumes of documents and long processing time, short term auto insurance is extremely flexible and can also be purchased to insure the car for a single day thus allowing the applicants to customize their policy to their exact requirement and enjoy the benefits of the policy for their chosen period.

The registration process for this coverage is very simple and hardly takes any time to get approved by the insurance company. The necessary documents and forms can be downloaded directly via internet thus making the process a breeze.

Short term auto insurance doesn’t just save your valuable time, but also economic and financial complications. Also, with this form of insurance you do not have to pay hefty annual premiums for auto insurance when you require the services of the car for less than a year. http://www.allinsuranceclaims.com http://www.autocashinsuranceclaim.com

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