car insurance policy

   What is Car Insurance?

Car insurance helps protect a car from unprecedented hazards. It is a contract between the car owner and an insurance company that helps the owner minimize the costs incurred in the event of an accident that damages the car and Third Party Damages. In return for the premium that the car owner pays, the insurance company reimburses the costs of repairs and assures in terms of third party loses. As per the law, it is mandatory for cars plying public roads to have a valid Third Party car insurance in place.

   What you always want to know about car insurance

We spend a lot of time searching for newer models, custom colors, and more safety features, which we like! But most of us know little about car insurance and the features included in it.

Here we have prepared a detailed guide for car insurance for you, all the things that you have always wanted to know about it.

car insurance hypothesis

Car insurance works on 'Use it or forget it' policy. You will have to pay an annual kit to get the benefit. If you are more fortunate and avoid any serious accident claims, then you lose the installment amount paid for security. On the other hand, you find a non-pressed vonce, which is a pretty real amount - starts in 20% of the installment in the first year and becomes 50% for the sixth year - so sometimes do not hit for minor damage It is advisable to do
The value of your insurance policy depends on IDV - the declared sum insured of your vehicle, which is the maximum amount insured by the insurance company; It is almost equal to the market price of your vehicle. Therefore, when you buy insurance for a new vehicle, IDV is calculated which is based on the list price of the show-room. Even then, IDV of your car is not stable.

When you renew your car policy after one year, your IDV gets reduced as the devaluation rate is applicable to the car when it is one to two years old. IDV = (Listed value of the producer - devalued) (Supported items in the listed price are not included - Depreciation)

You must remember, however, it is not advisable to tell the value less than the actual market value, because even if you make less payment payments, you can also pay less for damages.
 And, you have to redo the policy at any given time, otherwise there is a greater risk of paying. This period is usually 90 days.

car insurance policy

    What does car insurance cover?

A detailed car insurance comes under the scheme: 

1. Damage or waste due to natural calamities: events of your control such as lightning, earthquake, flood, storm, cyclone, storm, landslide etc.

2. Damage or waste due to man-made disaster: Man-made disasters such as robbery, theft, riot, strike, terrorist activity, and any damage during road, rail or water transport.

3. Personal Accident Cover: At the time of permanent disability or unfortunate death, it secures the future of your family. You can get up to two lakhs for traveling by car, for any damage done by the driver while riding or leaving. Some companies also provide an alternative accident amount to the co-traveler.

4. Legal obligation of third party: mandatory by law, this policy protects the legal obligation against accidental damage which results in permanent injuries or death of third party. It also covers the damage to the surrounding property.

car insurance policy

What Does car Insurance Do not Cover?

Your insurers do all the work to protect you from negative consequences, but there are some exceptions. Motor insurance policy generally does not cover these things:

When you are driving another person's car, when a car is not insured, your car is running when your car is damaged due to alcohol or drug being affected. In the event of loss or damage to the car due to the loss of authority of driving a license or driving a driver's license or due to war, revolt or nuclear risk, you Area is car mechanical or electrical breakdown, radio player, normal attrition and additional general discoloration of the car due to limited work.

Getting car insurance

With lime insured, you can buy your car insurance and get your claim online. In addition to this, you can take advantage of their free garage facility for repairing your car, which basically means that you do not have to spend a single penny to repair the car till you get the service under the supervision of a garage. . In the event of servicing of your car at the time of their network, you can claim the return amount for it.