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Friday, 3 June 2022

Car Insurance

How to get car insurance at home 

Friends car insurance is very useful and why not friends and this car insurance will also be very useful for you see below for more information.

What is Car Insurance?

Car insurance is an agreement between the car owner and the general insurance company which later promises to protect the car owner from financial loss which may occur due to an unfortunate incident involving his / her car.

There are 3 types of car insurance policies, depending on the scope of coverage

- Third-party car insurance

- Standalone on-damage (OD) car insurance

- Comprehensive car insurance

In order to continue reaping the benefits of these policies, the process of car insurance renewal must be done in a timely manner by the policyholders.

Friends below, all the information about which brand of car you have, how much it costs and in which city your car is registered is very useful for car insurance.

Calculate Your Car Insurance

Select your car's brand

Which city is your car registered in?

More information and calculate your car insurance

Below you will find all the information on a car insurance website

Car Insurance: Click here

Comprehensive Car Insurance

A Comprehensive Car Insurance policy is the most extensive car insurance cover under which an insurance company is liable to pay for financial liabilities incurred towards a third party as well as for the own-damages sustained by the insured’s car.

 In addition to road accidents, the policy is applicable in the event of natural calamities, man-made disasters, self-ignition or lightning, explosion, fire, theft, etc

Third-Party Car Insurance

Third-Party car insurance policy is a mandatory requirement for driving a car in India. It is the most basic car insurance plan and is thus also called Liability Only Car Insurance Policy.

 Under this cover, the insurance company is liable to pay for the bodily injuries, permanent disability, temporary disability as well as death of the third party caused by an accident involving the insured’s car. This plan also provides coverage for property damage incurred by the third party up to Rs. 7.5 Lakh.

Own Damage Car Insurance

In September 2019, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the standalone Own-Damage car insurance policy. 

Under this plan, the insured gets insurance coverage only for the own-damages sustained by his / her four-wheeler in a road accident, natural / man-made calamity, fire, explosion, theft or any other mishap. A standalone own-damage car insurance policy aims at offering the insured the flexibility in terms of the insurance provider they want to choose.

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How to Choose Four Wheeler Insurance Policy Online?

You can choose an ideal car insurance online plan by following some points given below:

1. Select the Type of Plan - Assess your car insurance needs and finalise the type of policy you need. Choose a third party cover or comprehensive cover based on your requirements.

2. Compare Policies - You should compare different car insurance plans online. The comparison makes it easier to pick the best car insurance plan as per your budget and needs.

3. Check for IDV and Premium - The IDV refers to the current value of your car in the market and the amount that an insurer can maximum pay you in case of total loss or car damaged beyond repair. A higher IDV can give you extended coverage but it increases the premium as well. So, check for the amount of IDV and select the one which you can afford and require.

4. Ask for Add-on Covers - Add-on covers expand the coverage of your policy. You can buy it by paying an additional premium. You should inquire about the add-ons and choose the one which suits your needs the best. However, you can have these covers only with the comprehensive insurance plan.

5. Look for the Claim Process - Look for an insurance company that has a simple and swift claim process. To confirm the quality of the claim process of insurers, you can check their Claim Settlement Ratio (CSR) before finalising. It refers to the percentage of claims settled by the insurer in a year. It is better to buy a plan from a company with high CSR.

Key Highlights of Car Insurance Policy

Explore Car Insurance

Top Car Insurance Companies in India 2022

Friends, the complete information about the above topic can be found from the link given below and also the information on how you can get car insurance can also be found from the following link.

Car Insurance: Click here

Friends, this car insurance is very useful to you here and it also has very good and working benefits and various benefits can be found from the website which gives you here.

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