4 WHEELER INSURANCE

4 WHEELER INSURANCE FORM

WHAT IS CAR INSURANCE?

In very simple terms, car insurance is a financial security. It is a policy that is signed between the 2 sides–the policy holder and the insurance company. This includes all the damage that a car can withstand due to damaged or in case of theft. Appropriate insurance policies, which are broadly divided into broad casing and third party insurance, car insurance, are required. Extensive cover protects you against damage caused to your car, while third-party insurance provides cover for damage caused to a person or property by your vehicle.

WHY IS IT IMPORTANT TO HAVE CAR INSURANCE?

The minimum liability and property damage coverage of your state is the most important coverage. And more than anything you need to maintain car insurance to keep yourself legit to run. You risk losing your driver’s license and fines without it driving. Go into an accident without liability coverage and you may be facing heavy penalties including bills from the damage you caused.

CAR INSURANCE- APPLY IN QUICK AND EASY WAY

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COMPARE AND DECIDE

This is why the legal help you decide to choose the best deal if everyone want to get the best policy within the desired budget. Fibucket is already serving the best premium rates for tie-ups with many insurance companies. The process that we provide free quotes is very easy to follow. You just need to put your personal details and vehicle related details in the online form, and in just a few steps you can get the best vehicle insurance policy. You can easily get the best and cheapest insurance policy that saves your hard earned money by just following a few simple steps. Portal offers free quotes that will help you to choose the best one. Our comparison service is free and fair.

Types of Car Insurance Policies in India

In India, there are two types of Motor Coverage: –

Third party Liability Coverage

Under this feature, ensures third party provides coverage for damage caused to you. This plan does not cover loss, damage or injuries to the insured person. It refers to the minimum risks that fall under the Auto Vehicle Act 1938. Third party liability coverage scheme is mandatory to be done by every owner of the car under the law of India.

Comprehensive Coverage

It is a scheme which provides comprehensive coverage to the insured and third parties also. Insurance cover is the maximum expense that can occur due to damage caused to a car in case of an accident or loss due to theft or any cause. All damages have been covered under the scheme, which are caused by natural calamities, accidents, thefts, fires and much more. The insured person can extend the policy to increase the additional benefits.

Types Of Covers

  • Cover against fire, explosion, lightning, flood, hurricane, storm, cyclone, inundation, hailstorm, rockslide, landslide, frost, tempest, typhoon
  • Cover against theft, riots, strike, terrorism, burglary, malicious act, any damage in transit by rail, road, lift, elevator, inland waterway
  • Cover against legal liability owing to accidental damages leading to the permanent injury or death of a person, as well as damage inflicted to the surrounding property
  • Personal accident cover for the individual car driver while travelling, mounting or dismounting from the car

Car Insurance- Benefits

It is not only due to the law, but it is necessary for its supporting features and vehicle policy to provide the requisite coverage in case of any loss arising out of theft, accident, fire, explosion, etc. You should buy it for the security of you and your vehicle by which you can have the benefit of third party liability coverage that prevents you from paying heavy penalties during accidents that you are causing.

  • Roadside assistance services such as on-spot technician availability, fuel supply facility, etc
  • Zero depreciation cover
  • Doorstep surveyor service
  • Accidental cover for co-passengers
  • Protection against third party liabilities

Coverage under Comprehensive Car insurance

Protection against Third-party Liabilities :

Financial loss The death of third-party person of any third-party vehicle/car. Is covered against charges from damage including injury or disability.

Coverage against personal Accident :

Damage or loss due to natural calamities like floods or earthquakes or man-made causes is also covered under the comprehensive Car insurance policy provided by various companies. The major natural causes include thunderstorm, lightning, storms, storms, waterlogging, storms, cyclones, frost, HailStorm, rockslide and landslides. However, there are man-made factors like burglary, riot, theft, strike and accident, by external means, malicious acts and terrorist activity, rail, road, lift, lift, inland waterways or air transit damages which are incorporated in the policy agreement.

Additional Coverage :

Many policies provide extended coverage for other types of assistance for vehicles in addition to basic damage and loss coverage. However, the premium amount of the policy increases accordingly. The following are some of the additional benefits or add-ons that one can choose from for your car insurance policy-

Zero Depreciation Cover :

As the vehicle wears and tears slowly, the depreciation is a reduction in the vehicle’s price over the past few years. Therefore, many insurance companies protect the policyholders from the loss of depreciation and allow you to claim the amount for the replacement of the damaged car part or by the deprecation.

NCB Retention Cover :

The NCB or no claim bonus is a reward to the policyholder for not making any claim in the policy for more than a year. In addition, the NCB deposits can receive up to 50% discount over a 5-year period. So, the policyholders, who have claimed a single claim, cannot claim NCB. This is where the NCB retention cover applies where owners can claim under pre-determined limits, which have no effect for the period specified on the NCB.

Coverage against Damage or Loss :

A type of policy, called a comprehensive car insurance plan, covers the third party liabilities of the policyholder in case of any accident, resulting in death or disability or injury to a third party or damage to a third parties property.

Road Side Assistance :

Coming up with comprehensive car insurance policy, this feature saves you when your vehicle becomes stranded or is unable to move due to mechanical or electrical issues in the face of an accident or the middle of a remote area. It provides services like towing, start jumping of a battery, refilling fuel and service by mechanics.

Daily Cash Allowance :

While the policyholder has given his vehicle on the service and the car company holds the insured vehicle longer than the intended time period, the policyholder can claim the transport and cash for commuting through the add-on cover, which is called the daily cash allowance.

FREQUENTLY ASKED QUESTIONS

  • Brand
  • Voluntary Excess
  • Safety features
  • NCB
  • Network garages

If your car insurance policy or renewal is rejected by the company, you can take the help of online insurance companies that can easily provide you with the necessary service. There are a number of companies, such as Leeresta, new India Assurance, ICICI Lombard and many more. So do not lose hope you will definitely find the best one for yourself.

Liability after vehicle. Therefore, the insurance on the vehicle will also be applicable in case of any other person being run with your permission. Usually, the person driving the vehicle will pay in liability insurance case the amount of damage your policy limit spends.

If you sell your car to another person, the insurance can be transferred in the name of the buyer. The transferee has to apply for insurance transfer with the insurance company within 14 days from the date of transfer of the car in his name and after payment of endorsement premium for the remaining term of the policy.

Yes, you can switch insurance company whenever you want. But you have to keep in mind that most of the companies will not pay you back. You can ask your insurer about the refund system before switching your policy or you will be able to check the policy documents carefully. You can get a car insurance at a cheaper price because there are many insurance companies that offer car insurance such as ICICI Lombard, new India Assurance and many more.