Skip to main content

Posts

Showing posts with the label If your car is stolen then you should know these important things

If your car is stolen then you should know these important things

A car insurance policy is mandatory in India. Compared to the helplessness these days, almost everyone is buying a car insurance policy of choice. After all, due to an emergency such as an unfortunate accident or any damage or loss to the motor vehicle, while driving on the road, a good car insurance policy provides protection. But what if your car is stolen? You must file a claim for car insurance!
Car theft is a significant problem that troubles almost every city in India. Delhi reported major incidents of car theft. According to Delhi Police records, in the year 2016, the number of occurrences of car theft was 36,702, which increased to 39,080 in the year 2017 and it is continuously increasing. And in Mumbai, ten car theft incidents occur daily. And most of the stolen cars are not recovered, causing considerable losses to the car owners. How much will the insurance company pay?If it is not recovered, the insurance company will have to pay an amount equal to the monetary value of your…