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Showing posts with the label Motor Insurance

Do you plan to buy a second-hand car - you have to check these things before buying

Ensure that you are spending money on the right vehicle; it is crucial to check several things before purchasing a used car. Here is a detailed description of some accessories when you buy a used car.
Beware of a stolen car – Many vehicles have stolen each year, and most dealers are trying to get these cars to market at the lowest prices. When you ignore this particular thing when you buy a used car, it may be the most significant risk for you.
Look at the physical condition of the used car — if you are an experienced driver, you will at least have an opinion on the primary condition of the used car. Tap on the car's surface to inspect the body and check the car's interiors. Do all these things before discussing the payment for a used car that you plan to buy.
See Warranty and Return Policy — if the vehicle you are looking at is less than three years old, a manufacturer's warranty may be included that you should transfer. If the car is not under warranty, you can look for ano…

These tips will help you not to spend too much on a used car - buy a second-hand vehicle

Buying a used vehicle without proper inspection can cost the buyer a lot. Identify mechanical errors associated with the vehicle; Inspection of a used vehicle is required.
However, experienced professionals must perform these forms of inspection. Such professional in-depth knowledge will be beneficial in identifying hidden mechanical errors of the vehicle. Some people underestimate the importance of this type of inspection, which may cost them a lot. But, to get the best deal for this, you have to search for the right car. Here are ten great tips to ensure that you don't spend too much on a used car and get the best deal:  1. Determine which cars require minimum maintenanceCheck which car requires more or less maintenance when buying a used car compared to others. For example, small vehicles usually require less fuel than larger cars. Do your research and know the car you are buying. Know the related cost. Remember the more money you save, the more you have to spend on other things…

Why it is essential to monitor while filling the motor insurance claim form

Meeting with an accident causes a lot of mental anguish, but a lot of the process that starts after that starts. It is crucial to tow the damaged vehicle in the garage for repair and contact begins between the owner and the insurance company.
Make sure that you start the claim settlement process as soon as possible. However, delayed claims will not be dismissed, but will take longer to settle the claim. Head of Product Strategy, ACKO General Insurance said, "With the new circular IRDAI (Insurance Regulatory and Development Authority of India), insurers cannot reject the claim due to the delay in the submission of documents. However, for a smooth experience, the reports need to be submitted for 7-10 days. Try to deposit within. When filling out a claim form, filing it and settling the final claim with the insurance company, it is crucial to consider a few things.  Go to the garageIt is advised that you first contact your insurer and then take your car to the nearest network garage.…

Can my insurance company reject my car insurance claim? - Reasons to reject a car insurance claim

Is Your Car Insurance Claim Rejected? Have you not received 100 percent of your claim? There can be all possible reasons for claim rejection.
Getting involved in a car accident, paying for the repair, and bearing personal or third party losses can be costly, just not getting 100% of your insurance claims. Consumers are unaware that most situations covered by a comprehensive car insurance policy and are disappointed when their claim for car insurance rejected.
Not all car insurance policies are the same and may be subject to different streams. To understand the terms and conditions, careful reading through the policy document is mandatory. Here are a few reasons why you have not received 100% of your claim for car insurance.  The insurance policy lapse at the time of the incidentWhen your car is new, then you can keep your car under insurance. But there are some exceptions when it comes to insurance renewal. Your claim will be rejected by the insurer even if there is an accident or theft…

As a vehicle owner, you should know how to file a claim

If you are a car owner, then it is necessary to have car insurance. According to the Motor Vehicles Act, 1988, every vehicle owner is required to purchase motor insurance for their car on Indian roads.
Take a look at the type of car insurance before arriving at the issue. There are two types of car insurance. The first is a third-party liability, and the second is comprehensive insurance. Third-liability is the primary type of insurance required by law. It provides coverage in the event of an accident where the policyholder is at fault against the losses suffered by third parties. Third-party insurance only provides benefits to the other person concerned, not the policyholder.
In addition to third party insurance, insurance companies in India provides comprehensive car insurance cover to insurance buyers. Consistent with its name, comprehensive car insurance has more benefits than third party coverage. The policyholder is protected from theft, accident, damage and repair. It also includ…

What are the drawbacks of buying insurance from your car dealer?

The main drawbacks of purchasing a car insurance policy from your car dealer are described below. Remember that, in essence, such points are common. Make an informed choice, it is recommended that you have a one-on-one conversation with the car dealer.
No policy comparison: Nowadays, car insurance prices can be easily compared online. After comparing, you get to know the best-priced policy. You can find your ideal plan online by first reducing the cover you want and then offering coverage at the best insurance prices by the insurer.
Through car dealers - You do not have the opportunity to compare plans when purchasing car insurance from a car dealer. You have to proceed with the things offered by the car dealer.
Rigidity: Most car dealers have a tie-up with an insurance company. This makes them rigid. When it comes to choosing an insurer on your behalf, there is no flexibility. You may have a preferred insurer, but the insurer suggested by the car dealer will have to proceed because they…

Tips for buying car insurance for a first-time buyer?

Are you thinking about buying your first car? Okay, so the last thing on your mind may be auto insurance. It is necessary, though. The Indian Motors Act makes it mandatory for all car buyers to insure their vehicles.
As of now, why are so crucial for you to buy auto insurance. Well, if your car is covered, in case of accidental damage to your vehicle, auto insurance will come to your aid.
Of course, you have to pay an annual premium to the company to get insurance coverage, but it helps to reduce the costs that you will have to face if you have an uninsured car.
In short, when your vehicle is involved in an accident, you pay the company for your financial support, thus reducing your financial burden. Types of Vehicle InsuranceThird-party liability policyComprehensive coverage policy Tips for first-time insurance buyersDo some research- As a first-time insurance buyer; you should know all the details of insurance policies on the market. Find the right source online to view and compar…

What you should know if you are buying car insurance for the first time

Are you thinking about buying your first car? Okay, so the last thing on your mind may be auto insurance. It is necessary, though. The Indian Motors Act makes it mandatory for all car buyers to insure their vehicles.
As of now, why are so crucial for you to buy auto insurance. Well, if your car is covered, in case of accidental damage to your vehicle, auto insurance will come to your aid.
Of course, you have to pay an annual premium to the company to get insurance coverage, but it helps to reduce the costs that you will have to face if you have an uninsured car.
In short, when your vehicle is involved in an accident, you pay the company for your financial support, thus reducing your financial burden.
Choose the insurance company with the best coverage that offers the best rate (premium). The tariff exemption will usually vary for all companies, which affects the premium payable.
United India Insurance Company - 60℅ tariff discount for all vehicles except Maruti vehicle. In private companies…

Top Automobile Insurance Myths You Need to Avoid

Are you thinking of buying a car insurance policy for yourself? When you are on the verge of purchasing your vehicle's reliable car insurance online, it is crucial to properly understand all the possible aspects affecting the overall premium and longevity of the insurance plan. If you are new to buying a car insurance policy, you are more likely to be confused about the same thing.
Nevertheless, knowing the premium structure and the factors influencing the premium is substantial. But sometimes, it becomes difficult to distinguish between fact and fiction, as the auto insurance sector, like other segments, is also part of myths. Failure to properly understand motor insurance can affect your policy choice or financial interests. Besides, insurance myths, whether it is a car, home, health, play an essential role in putting you in an unsatisfactory state of mind. To help you, we have listed some of the top automobile insurance myths that you need to avoid to buy the best one:Myth one:A…