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Monday, 8 July 2019

5 important facts about car Insurance

5 important facts about car Insurance


The Motor Vehicles Act, 1988, mandates all car owners to at least own a third-party insurance cover. No motor vehicle owner can drive his or her Insurance car without opting for this minimum protection.

You can be penalised if you are found driving without a valid car Insurance policy. Motor insurance protects your vehicle and provides coverage in case it suffers damage due to any reason.

Which Insurance policy should you choose? The question is important. Insurance Dekho shares some essential facts to consider while evaluating a car Insurance policy.

1. Right car/trim level

When you opt for a automotive, do look at its variants and cost of insurance. In most cases, the higher you go up in a car's trim list, the lower the difference in insurance premium cost.

This is because insurers see the addition of safety features such as airbags, immobilizer, central locking, etc. In the higher trims as factors that reduce the chance of an insurance claim.

2. Type of Insurance

There ar 2 varieties of insurance that you just should buy for a replacement automotive comprehensive policy with add ons or a liablity solely policy. In the case of a regular comprehensive policy, one needs to pay a certain part of the cost of repairs in case the car meets with a accident.

The zero-depreciation type ensures that your car remains unaffected by depreciation. In observe, it means that the insurance provider will cover the entire cost of repairs carried out on your car.

If you employ your automotive sometimes, opting for regular comprehensive insurance type would be the right choice. For a automotive that's driven daily, a zero-depreciation policy works much better.

3. Add-on covers

Opting for the right add-on covers will increase the coverage of your insurance policy and ensure protection for you.

Covers such as those for water ingress in the engine (hydrostatic lock), theft and accidents that lead to scrapping (return to the invoice) ensure you are not caught off guard. It is vital that you just contemplate add ons basis your driving behaviour before shopping for a policy.

4. Anti-theft equipment

Insurance companies provide you with favourable terms if your car has antitheft features such as central locking, immobilizer, etc. However, do make sure that the anti-theft instrumentation is Automotive analysis Association of Bharat (ARAI)-approved, otherwise you wouldn't be eligible for these terms.

5. Opt for voluntary deductibles

Voluntary deductibles allow you to lower the premium of your insurance policy. If you opt for Voluntary deductibles a portion of the claim amount will have to be borne by you.

Conclusion: comment below your reviews about 5 important facts about Insurance car, And share this Article to your friends

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