Auto insurance is an insurance policy taken by vehicle owners to mitigate the risks associated with a vehicle in case of an accident or theft. Auto insurance is also referred to as Car insurance.
Car insurance policy is taken by the owner to protect her vehicle from damages and/or loss arising from unavoidable and unforeseen circumstances. It provides cover against theft, total/partial damage caused to the vehicle.
Having Car insurance in India is mandatory. One of the most popular insurance products, motor insurance, has become the most significant investment made by Indians due to the rise in several people purchasing their vehicles. Due to this, the number of claims made on the insurance policy has also increased.
RTI or return to invoice cover is essentially an additional option provided by your car insurance provider. The add-on option basically covers the gap that exists between the insured declared value of your car and its invoice value.
Third party insurance cover for private vehicles is offered by all motor insurance providers in India as it is mandatory. As the name suggest, the principal beneficiary of this car insurance policy is neither the original policyholder, not the insurance company; it is the affected third party individual.
Car insurance is an insurance policy taken by vehicle owners to mitigate the risks associated with a vehicle in case of an accident or theft. Auto insurance is also referred to as Car insurance. Under this policy, the insurer pays the costs incurred by a vehicle owner in such events in return for the premium paid by the vehicle owner annually.
It is not only in the interest of the owner but also in the interest of all the prospective passengers to keep the insurance cover on their car valid at all times, not to mention the legal complications one might land in if the vehicle meets with an accident.
Although car insurance is mandatory, most car owners don�t have valid insurance covers for their vehicles. This is because car owners fail to renew their car insurance on time, many a times forgetting about it altogether. In such cases, the owner will be unable to file a claim in case of an accident and will have to bear the expenses for repairs and spare parts by themselves.
Other than the fact that you need to have a car insurance policy to legally drive your car on Indian roads, there are various other reasons as to why you must invest in private car insurance. To begin with, having car insurance coverage brings you financial security against losses related to unexpected events, such as accidents or natural calamities. So, if you are involved in an accident or an earthquake occurs and your car suffers damages...
Irrespective of the weather conditions, car owners who are particular about their vehicles prefer to drive their cars every day. Not only this, they also like to keep their cars in top-notch condition at all times. But in the rainy season, a lot of car owners face unexpected car performance issues such as underbody damage, functional damage in its engine, and others. This may be because of driving a car on the roads that are drowned with rainwater.
Car Insurance is a form of insurance which provides protection against damage to the car and the driver depending upon the type of insurance he chooses. For instance, Third Party Car Insurance gives protection against losses occurred to the third party. Whereas, in case of Comprehensive Car Insurance, the coverage involved is extensive and not limited to the third party.
The term motor insurance is an umbrella term for all types of automobile insurance including two-wheeler, four-wheeler, and commercial vehicles. Car insurance is one of the simplest ways to protect your car from losses as well as against liabilities incurred due to an accident.
The term motor insurance is an umbrella term for all types of automobile insurance including two-wheeler, four-wheeler, and commercial vehicles. Car insurance is one of the simplest ways to protect your car from losses as well as against liabilities incurred due to an accident.
The term motor insurance is an umbrella term for all types of automobile insurance including two-wheeler, four-wheeler, and commercial vehicles. Car insurance is one of the simplest ways to protect your car from losses as well as against liabilities incurred due to an accident.
For years, Maruti Suzuki, erstwhile Maruti Udyog Limited, has been one of the most favoured brands of cars for the Indian population, owing its popularity mainly to the affordable and easy to maintain cars that they offer. The fact that it has a 50% share in the passenger car segment is a testament of this popularity....
Car accidents can occur at any time when you are on the road. In many cases, the amount of damage can be huge, be it damage to the vehicle or self. In such a crucial scenario, your 4 wheeler insurance comes to the rescue....
The expanding market of Maruti Suzuki cars breaking its own record of the previous year by 5%, Maruti Suzuki India secured 57% of the market share in the passenger car segment during the fiscal year 2017-18. The company sold more than 1.5 million cars for the first time in more than three decades of its history, further strengthening its foothold as the leader in the Indian car market....
Liberty Mutual Insurance Group Announces
New Joint Venture Partnership for Indian
Company
Chances are that you are among a large number of people who forget to renew their vehicle insurance ....
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