Car Insurance

Motor insurance has become a very important purchase in order to protect the owner of a care financially in case of an accident or any other untoward damage to the care. In this article, we look at the various exclusions made to covers of motor insurance plans:   ·         Zero depreciation cover: The main exclusion in zero depreciation cover is the deductible fixed by the buyer at the time of purchase of policy. ·         Consumable expenses cover: The exclusions in consumable expenses cover are any expenses made towards consumables not mentioned in the policy and any consumables related to wear and tear not directly related to claim. ·         Engine protector cover: The exclusions in engine protector cover include any wear and tear, mechanical & electrical failure and parts falling under warranty, loss or damage due to corrosion of engine or parts due to delay in intimation, depreciation on parts unless zero depreciation cover is opted and any deductible fix

If you are new to buying a car, then it is likely that buying a four wheeler insurance would be the last thing on your mind, if there at all. However, ignorance is the same as innocence, meaning not being aware of it does not mean you don’t have to buy it. In fact, the Indian Motors Act mandates every vehicle owner to get insurance for their vehicle. Apart from being mandatory, buying four wheeler insurance is also a smart thing to do. If your car is insured, any accidental damage to it will be covered by the insurance provider. The insurance company will pay for the damages and also cover the cost of repair. However, you will get these services if you buy a four wheeler insurance and pay an annual premium. The basic idea of vehicle insurance is that you pay the insurance provider to secure financial aid in accidental damage situations. Hence, you need to exactly what to buy. Here are a few tips for first time four wheeler insurance buyers.   Do your research As a fi

If you have owned a car for a long time, there is a chance that your insurance policy is nearing expiry. In the spirit of covering the basics, ensure that you renew your insurance policy, if you haven’t done already. Failure to do so can hurt you in two different ways. Firstly, it puts you on the wrong side of the law. Secondly, letting your car insurance expire puts you at risk of heavy financial losses. Contrary to popular belief, buying and renewing car insurance is not just an activity related to compliance. Car insurance actually proves quite useful in situations like car accidents or vandalism. Moreover, it is much easier to renew your car insurance now with car insurance renewal online. Here are some tips to do it right: Do it yourself The days where car insurance was as complicated as cooking are long gone. In fact, new-age insurance providers have made their offerings simple enough for you to get car insurance renewal online . Many car buyers follow the adv