The Facts About Car Insurance in India You Need to Know

Desh Dunia By Desh Dunia, 24th Jul 2017 | Follow this author | RSS Feed | Short URL http://nut.bz/22ovpdyb/
Posted in Wikinut>Business>Investment

It is better to be safe than sorry. Get yourself a car insurance and drive with caution. The monsoons are to be enjoyed, not regretted.

7 Facts about Car Insurance in India

Mumbai monsoons is a phenomenon in itself. The cold breeze blowing from the ocean that envelops one third of the city, the warm ‘vada pavs’ sold on every corner, the deafening thunder that precedes the colossal cloud bursts. This kind of weather amuses your adventurous spirits to get in your car and drive down the promenade, romanticizing about the city as if it was yours and yours only. But stop, after reading this if you yourself have any such tendency then sit back in your seat. Although the relatively empty roads and the quixotic weather may invite such adventures, you may not be the only one who thinks so.

The monsoon season, while beautiful, also is one of the most dangerous times to take that long drive you’d like to go out on. Exercise caution and use your foresightedness to your benefit. As the phrase says, ‘prevention is better than cure’ it could not apply better in this situation. Before you drive down in the rains, check that your car insurance provides you substantial protection in time emergency.

Here are 7 facts you ought to know about this investment:

• Firstly and most importantly, having a vehicle insurance in India is mandatory by law. If you have a car, it is absolutely necessary for you to have a car insurance.
• You can either opt for a third party car insurance or a comprehensive insurance. The difference between the two is, third party only covers damages caused to third parties and a comprehensive insurance covers the damages to our own vehicle too.
• You can avail car insurance online. Check with your preferred insurance provider and invest a car insurance in a quick and hassle-free manner.
• Car insurance has an expiry date as well. Therefore, when you purchase an insurance be sure to check the expiry period and renew the insurance before the policy lapses.
• Car insurance has a no claim bonus. This is a bonus awarded to those who have not made any claim on their insurance in the policy period. This bonus can be transferred once you renew your policy or if you change the insurer completely.
• The premiums for your insurance are decided on the basis of the make, model, transmission, year or manufacture and the fuel used in the car.
• If the accident falls under the exclusions category, then the insurer has the right to reject the claim. Therefore, when you choose your insurance policy, it is important to check all the inclusions and exclusions of the policy.

It is better to be safe than sorry. Get yourself a car insurance and drive with caution. The monsoons are to be enjoyed, not regretted.

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Car Insurance, Vehicle Insurance In India

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author avatar Desh Dunia
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