Some important things related to car insurance

Some important things related to car insurance

Some important things related to car insurance

A car is becoming an important part of our lives. It makes your personal life easier, so as much as the car takes care of our convenience we also need to take care of it as well. Here we do not have to repair the car, it is like securing the car as much as we secure our family through insurance.
Anyhow, not only the car has come out of your hard work but also securing it by insurance is your moral as well as lawful duty. Before you buy an insurance for you car, you need to go back into fine details of the insurance offered by insurance companies so as to get the best bargain.
Insuring a car is a normal process, but knowing some important things related to it becomes extremely important at the time you need to make an insurance claim. Today we will tell you some of the most important things related to car insurance in this article. So let's get to know those important things.

What happens in car insurance

Car insurance gives you full coverage to protect your car. In case of an accident, you can claim insurance from the company of the loss or damage arising out of the accident. Which means your insurance company provides you the amount according to the assessed loss to the car.

Car Insurance is essential in India

According to Motor Vehicle Act 1988, insurance for every vehicle in India is essential. If you are caught driving without a insurance, then you will have to pay a penalty.

How many types are insurance
We have two types of insurance

1. Third Party Insurance - In the case of any accident, in this insurance, if a person dies, then the insurance company compensates him. In addition, it also protects the damage caused to third-party vehicles. According to the law it is necessary to keep third party insurance. The company does not cover your loss in this insurance.

2. Comprehensive Insurance - This insurance is comprehensive, in which the insurance holder receives full claim during the accident. This is a driver-cum-operator as well as a third party cover, that means if your vehicle crashes, then the company carries the expenses of both. It is a much better option as the company compensates the loss of both in this insurance.

What is the need for car insurance
For a better car insurance, give complete information to the company from which you are getting your car insured. Hiding anything can be fatal for you, especially when you want to claim at a later date. Give your insurer the right information like your driving history, car user, car details and location etc.

Why different premiums between different insurance companies?
Every insurance company works with different figures and uses different methods to calculate the premium. Some companies have edge in some areas, so they are always willing to give discounts in those areas.

How is the amount of premium determined?
The amount of premium is based on the following points.
Vehicle models
Year of manufacture
Place of registration
Current showroom price of the vehicle

Whether the customer profile is personal or corporate

Can you insure another's car?
Yes, it is not necessary for auto insurance that the insured owner is the owner of the vehicle. If you want to insure someone else's vehicle etc. in your house then you can do it.

Can I renew my vehicle policy online?
Yes, now this facility has become available. You can now renew your vehicle's insurance online. You can do this within two days before the end of your insurance or within 6 days of the date of termination.

If there is an accident in place other than the place issued by the insurance
Let me tell you, no matter where the accident occurs and whether you have done your vehicle insurance in any city, it does not matter. Your insurance will be valid throughout the country.

Can Insurance Company Pay Money In Advance
Some companies provide such facility, for this, their insurance plans are expensive too. In this case, you are given some money as an advance before the car is repaired. Or you have to service your car and the said insurance company directly pays to the service center. But most companies pay you on the service bill of your car, for that you first have to put money from your pocket.

How much is the company after the accident
After the accident, companies carry 50% of your car's toyer, headlight, foyer part or plastic part. At the same time carries a full 100 percent on the loss of parts of the car glass like windshield, gloss etc.

How much will the insurance company have to pay?
When you claim insurance, you have to pay some money to the service center where you get your vehicle repaired. Rest is taken care in between the insurance company and the service center.

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