Purchase Car Insurance Online
Purchase Car Insurance Online
What is Car Insurance?
Car insurance is also popularly known as motor insurance or auto insurance. It is usually done to protect your car or vehicle, from unexpected or accidental risks. It mainly gives you protection against the losses that you incur in case of unavoidable instances. It helps you get cover against financial losses caused by accidents, liabilities & in some cases, even losses caused by theft. The premium of car insurance depends on certain factors like; the value of your car, type of coverage, voluntary excess & vehicle classification. Car insurance gives you the confidence to drive without worries. In case of emergencies, it acts as a life-saving toolkit for the insurance holder. The premium of car insurance depends on certain factors like; the value of your car, type of coverage, voluntary excess & vehicle classification. Car insurance gives you the confidence to drive without worries. In case of emergencies, it acts as a life-saving toolkit for the insurance holder.
Car Insurance
Car insurance offers protection against any financial losses arising due to accident, be it with another vehicle or against any object, theft of the vehicle or parts of it, water or fire damage etc. Having a comprehensive car insurance helps you protect against any liability arising out of an accident that involves a third party, person, or property. It also covers all kinds of natural and manmade calamities. According to the Motor Vehicles Act, India, it is mandatory to have a third-party insurance cover for your car.
WHY SHOULD YOU BUY A CAR INSURANCE POLICY?
Purchase Car Insurance : Buying a car is one thing and maintaining it is something that is completely different. The roads are some of the most uncertain places, where negligence, ignorance, carelessness or just sheer bad luck can bring about a lot of consequences to you and your car.
And as a car owner, these consequences do cost you a lot. From a small dent on the trunk to major accidents and natural disasters, a car on the road is subjected to diverse threats on a daily basis. Moreover, money is involved in every stage of the car’s recovery and safety. That’s why a car insurance policy becomes inevitable in today’s day and age.
If you haven’t taken four wheeler insurance for your car yet or if you’ve just bought a new car and are looking for a car insurance policy, here are some extensive reasons you should get one today.
Covers Expenses On Own Damage
Apart from accidents, cars can be damaged due to natural disasters, natural instances or their own technical glitches and malfunctions. Regardless of the reason, expenses are involved in getting the car serviced. That’s why it’s ideal to buy a car insurance as it covers damages arising due to uncommon reasons.
Third-party Liabilities
A car is a machine that is subjected to technical issues. A car gone out of control is a threat to civilians and public properties. If there has been an accident with you on the driver’s seat, you are bound to compensate for the damages caused. If you have a car insurance policy, your insurance company would take care of the expenses.
Personal Accidents
Having a four wheeler insurance is like driving with a lifeguard. There is a backup you have to cover the expenses incurred due to car accidents. A proper car insurance policy also compensates for permanent disability arising due to a car accident. This is an ideal financial support that is inevitable for families.
Mandatory By Law
If you are a car owner, you should mandatorily have a minimum of a third-party car insurance according to the Motor Vehicles Act. Failing to have is an offence and you could be penalized for it when caught.
Extended Benefits with Add-ons
Apart from the benefits you just saw, you could include add-on benefits such as zero depreciation cover, consumables cover, breakdown assistance, conveyance benefits and more when you buy car insurance. This only makes your policy more airtight.
Additional Convenience
An extensive online four wheeler insurance policy also allows you to experience benefits like coverage of personal baggage theft/damage, paperless-digital insurance applications and processing, online claims, spot services and more.
What are the Features of Car Insurance Policy?
Car Insurance Online : It is crucial for car drivers to know and understand the features of car insurance to make the most of it.
Third-Party Liability:
This policy covers any bodily injury or death or property damages of any third party that may arise out of an accident with your insured car. The Motor Vehicle Act mandates having this car insurance policy for every car owner, and in its absence, you will have to pay a penalty if caught by the traffic police. The policy does not cover any damage that is done to your vehicle.
Comprehensive Car Insurance Policy or Package Policy:
Comprehensive Car Insurance policy protects you and your vehicle against a number of risks along with third-party liabilities. Any damage caused to the vehicle due to an accident, theft, natural calamity or man-made disaster is covered. Likewise, the death of the driver and/or passengers inside the vehicle in the event of an accident are covered. Though not a mandatory policy, it is advised to have comprehensive car insurance coverage for your vehicle.
Insured Declared Value:
IDVor the Insured Declared Value of your car is the sum you can claim in case of total loss or damage to your car. IDV is calculated on the basis of its depreciation rate. Calculated basis manufacturer's listed selling price after deduction of depreciation as per age of the vehicle.
Premium:
It is the amount you pay for the car insurance. It depends on many factors like the model and age of the car, its fuel type, the city where you reside, your age, profession, etc. You can use your NCB points and other discounts to cut down on your premium.
Cashless claim:
If you get your car repaired at one of our network garages, you will not have to pay for it. The repair bill will be taken care of by us. This facility is referred to as cashless claim.
What is Covered in Car Insurance Policy?
Accidents:
Any damage done to your car because of an accident is covered against any expenses towards repair or replacement. You can get it repaired at one of our cashless network garages, while in case of total damage, you will receive the IDV of your car as reimbursement.
Loss or damage due to natural disasters:
Damages caused to your car due to any natural calamity like floods, typhoon, hurricane, tsunami, lightning, earthquake, landslide, etc., are covered.
Loss or damage due to man-made disasters:
Damages caused to your car due to any riot, vandalism or any malicious acts are covered. Any damage that occurs in transit by road, rail, air or elevator, is also part of the car insurance policy's coverage.
Theft:
The car insurance policy covers your losses if your car gets stolen.
Personal accident cover:
This policy covers the expenses of the owner-drivers in cases where they get injured (or death) while driving the insured car. A similar cover for the co-passengers of the car is available and can be added to the policy by paying extra premium.
Third-party legal liability:
If a person, vehicle or property gets hurt or damaged due to an accident with your car, you stay protected against liability due to accidental damages.
What is not Covered in Car Insurance Policy?
A car insurance policy does not promise that your claims will be settled by the insurer. Your claim request can get rejected in the following situations:
Drunk Driving: If you are caught driving under the influence of alcohol or any other intoxicating drug, you will not be covered by the car insurance policy. It is also a punishable offense.
Depreciation or any consequential loss: Any subsequent damage, which may occur as a result of the original damage, is not covered. Similarly, loss due to depreciation of the car's value is not a part of the policy coverage
Damage due to negligence: If your car gets damaged because of negligent behavior, like driving it through a waterlogged lane or if the damage seems intentional, the policy will not cover you
No requisite add-on cover: Some damages are covered only if you have a certain add-on cover. In absence of that, the standard car insurance policy will not cover such damages
Breach of any term or conditions: Going against the policy wording like using your personal vehicle for commercial purposes can jeopardize your policy coverage
Normal wear-and-tear of the car parts and any mechanical or electrical breakdown is not covered
Loss or damage due to war or nuclear risks is also not covered in car insurance
The fixed amount that gets deducted at the time of the claim, known as compulsory deductible, will not be paid by us
It's important to note that the depreciation cover is not applicable in cases of theft or total loss claims
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