Today We Will know in detail about motor insurance. How many types of motor insurance are there, what is the difference between them and what are the terms for it?
Motor Insurance IndOn what factors does the car and street insurance premium depend?
If the vehicle causes any damage to any other person or his property, then your insurance company pays for the loss of that person. Firstly, comprehensive and secondly, third party insurance. Let's talk first.
In this case of third party insurance, you have done third party insurance of your car and suppose someone else meets with an accident in your car and he files a case against you for his treatment expenses. In this case, your insurance will be paid in the court. Your insurance company will pay the amount for every trip made by the person because you have taken third party insurance, but if your car gets damaged in an accident or your car is stolen, then the insurance company does not give you any money. This is why third party insurance is quite cheap. It depends on the cubic capacity of your vehicle.
What will be your car premium and its premium is the same for all the states, whether you are from Maharashtra, Delhi, Bihar or Gujarat, not only this, if you get third party insurance done from any company, then its premium should remain the same. I will keep it, be it Reliance, HDFC or digital insurance, today under the Motor Insurance Act, you must have at least third party insurance while driving, otherwise you can face a fine of ₹ 2000. If you want to take insurance online, then click on the link given in the description and enter the basic details of your vehicle. Here you will be compared and shown the policies of different companies and you can buy any policy as per your convenience.
2. Secure your vehicle at home For Let's talk Are
In this insurance of Comprehensive Insurance, if your car is stolen or your car meets with an accident, then the insurance company provides you insurance. The insurance company pays you the expenses incurred in repairing your car. In case of theft, what is the ID of the car? Also i.e. Injured Declared Value i.e. the current value of your vehicle is paid to you by the insurance company. Apart from this, you also get all the facilities of third party insurance in it.
This is the main type of insurance. Take comprehensive and third party insurance. You must have heard about your own damage or stand alone. Actually, comprehensiveness covers own damage plus third party insurance. Own damage insurance means if your vehicle is stolen. Insurance is considered to be the amount of claim you get in case of an accident or accident.
3.To you When is own damage insurance required?
Whenever you buy a new vehicle, you get third party insurance for a long time, like in a two wheeler you get 1 year comprehensive and 5 years third party insurance, whereas in the case of a four wheeler you get 1 year comprehensive and 3 years. You get one year's third party insurance. Suppose you have purchased your new car on January 5, 2022, then your comprehensive insurance will expire on January 4, 2023.
Third party insurance will end on January 4, 2025. Now let's talk about the additional facilities in advance which you can add to your insurance coverage. Some of the major advances are as follows: Zero depreciation. In this, you will get the full cost of repairing the vehicle in an accidental case. Generally, some percentage of the claimed amount is paid by the company and some percentage has to be paid by the customer. If you have taken zero depreciation basis in comprehensive insurance, then the company will pay you 100% of the claim amount. Personal accident news: In this, the owner of the vehicle and the co-driver In case of death due to an accident, an insurance amount of up to Rs 15 lakh is provided to his family.
4. Insurance Company Road Side Assistance Can take advantage of
If you have to take your car to the garage, then this expense will also be borne by the insurance company. Engine Protection: If you live in an area where there is heavy rainfall and there is a risk of flood, then this will be beneficial for you. If it gets damaged due to traffic or flood, the insurance company pays for it. Consumables: In this, you get coverage for nuts, bolts, screws, grease, lubricants, engine oil, distilled water used during the repair of the vehicle. Return to Invoice E.g. your car gets old
Its market value keeps decreasing, but in these bases, in case of your car being stolen, your invoice amount is recorded, that is, your insurance company gives the entire amount for which you have purchased the car. You can customize your motor insurance policy as per your convenience. The more bases and features you add to it, the more your insurance premium will increase. Now let's talk.
5. NC Bonus plays an important role in discount motor insurance.
If you have not taken any claim in the previous policy, then you get some discount in the next insurance renewal which is as follows. For example, if you have not taken any claim in the last 2 years, then in the third year you will get a no claim bonus of 35% in the insurance premium. If you have not taken any claim for 5 consecutive years then you get a no claim bonus of 50% in the sixth year and your insurance premium becomes much cheaper and you do not have any insurance claim in any year. If you have done so then your MC becomes zero again in the next year and your insurance premium will become expensive.
ليست هناك تعليقات:
إرسال تعليق