While
one part of a deductible is compulsory, the other is subjective, and therefore,
before going for a higher deductible option, one must carefully analyse the situation to avoid risk.
Be it, shopping for
clothes, buying vegetables, or making any other purchase, we Indians always
look for ways to ‘extract’ maximum benefits by paying a lower price. And when it is about buying a car insurance policy,
our entire focus is diverted towards saving even the last penny. After all, it
comes handy only ‘if’ something goes wrong and that ‘if’ will never happen (at
least we all think so).