Car Insurance

Along with the growing percentage of vehicles in India, the importance of road safety has also increased. This is why getting motor insurance has been stressed up on; it keeps motor vehicle users protected from financial damages that might arise after an accident or mishap. Having a third party car insurance is regarded as a compulsory measure by the Law and using an uninsured vehicle is punishable. Motor insurances work as a tool when one is affected financially by an accident or other man-made or natural calamity. Essentially, insurance is taken to get a cover in times of vehicular damages. However, it is not always suggested to claim the insurance amount. It’s confusing but believe it or not, there are occasions when it is better not to make a claim against your insurance! Here are 3 of these occasions. 1.        In case of minor damages It goes without saying, accidents lead to vehicular damages. However, in many cases, the damages t...

It’s quite common for personal belongings to wind-up in the car.   Things like a laptop, tablets & reading devices are often used while traveling. It’s understandable given that most of us have long commutes and we might as well utilize this time get some work done or catch up on the latest shows. Wouldn’t it be devastating to find that your car has been stolen and with it, all these cherished personal belongings have also been lost? Well sure, your car insurance policy will provide compensation, but this will be limited to the car itself, not your personal belongings. The policy will pay the current IDV of your car or the on-road value of the vehicle (only if you have the return to invoice add-on), but you will not be reimbursed for your personal belongings. This where personal belongings add-on could help! Just because a standard comprehensive motor insurance plan does not cover the theft of your personal belongings, that doesn’t mean you cannot get cove...

Your car insurance policy document is an important piece of paper. But at the end of the day, it is still just a piece of paper – it is susceptible to lose and damage. Maybe you send your car/bike for a deep clean and remove all the documents from the vehicle, misplacing the policy document in the process. Or maybe some liquid spill destroys the policy documents – whatever the case is, the following article will tell you what you need to do to get a new policy document and continue riding/driving your car with complete peace of mind. First things first, file a police complaint. If your car insurance policy document is lost, one of the first things you need to do is approach the police and lodge an FIR. This is because your policy document is extremely important and, if lost, could be misused. Therefore it is best to inform the police quickly. Also, to apply for a duplicate policy document, you need an FIR. Place an advertisement in the local paper. Step two when ...