Key Steps to Buy Car Insurance

1
(No Transcript)
2
Key Steps to Buy Car Insurance
Car insurance is mandatory in India. Buy online
car insurance in India at affordable premiums and
flexible terms and conditions. Car insurance is
an essential aspect of buying a car. When it
comes to their new car, owners take all the
possible efforts to decorate them and make them
look presentable. However, most of them try to
skip the all-important step of insuring them.
According to the Motor Vehicles Act 1988, it is
mandatory to have car insurance in India. It's a
type of motor insurance that protects your car
against the third party claims for accidents and
various damages caused by natural calamities. It
provides utmost protection to your cars in
exchange of affordable premiums.
3
Understanding the Benefits and Features
Comprehensive insurance covers accidental damage
to the car and injury to the driver or
policyholder and any third party. Insurance
coverage against theft of the car, car parts or
accessories. Personal accident coverage for the
driver and the co-passenger on demand.
Comprehensive third party coverage and legal
liability to their paid driver.
Additional riders according to your
requirements. Including depreciation of premium
on partial loss of metal or plastic parts,
replacement of the car parts, no claim bonus,
etc. Learning about the Types and Requirements
There are two types of insurance policies,
namely, third party insurance and comprehensive
insurance.
4
Comprehensive vehicle insurance is ideal since it
provides protection to your car along with third
party protection. You need to provide various
documents that are required including car
details, date and location of purchase, personal
details of the car user and his driving history.
Third party insurance Insurance against all
sorts of vehicle losses caused due to accidents.
It includes external and internal damage to the
cars, injury or death of the policyholder or
driver of the third party. This is a compulsory
type of motor insurance in India. Comprehensive
insurance You need to purchase this policy to
protect your vehicle against all sorts of losses
including accidental damage and injuries or death
of the driver or the co-passenger.
5
is an optional policy you can purchase depending
on your requirements. Tips for Buying Car
Insurance in India You can either buy an
insurance policy through the car dealer or buy
online insurance. A lot of insurance companies
offer affordable and comprehensive online car
insurance in India.
Check the following things before buying an
insurance policy Check for the premiums and
choose a policy with affordable premiums and
maximum coverage. The premium rate depends on
the car type, location, declared value,
percentage of no claim bonus and terms and
conditions of various insurance providers.
6
Check for the claim settlement history and
overall customer review of the car insurance
provider. Look for an insurer with good track
record, satisfactory customer service and
comprehensive policy features. Claims and Claim
Settlement Process You need to provide the
registration number, name and contact details of
the witnesses and FIR report of the local police
in case of accidents. The cost of the claim
includes salvage value, depreciation, consumables
and other compulsory deductibles. In case of
renewal of the insurance policy, you may lose
your no claim bonus. Source http//justmetrocar
s.blogspot.com/2014/09/key-steps-to-buy-car-insura
nce.html
7
https//www.bajajallianz.com/Corp/motor-insurance/
car-insurance.jsp
Follow us on
Follow us on
https//www.facebook.com/BajajAllianz
https//www.facebook.com/BajajAllianz
http//www.linkedin.com/company/653474
http//www.linkedin.com/company/653474
https//plus.google.com/BajajAllianzGIC/posts
https//plus.google.com/BajajAllianzGIC/posts
https//twitter.com/BajajAllianz
https//twitter.com/BajajAllianz
https//www.youtube.com/user/BajajAllianzGIC
https//www.youtube.com/user/BajajAllianzGIC
https//instagram.com/bajajallianzgeneral/
https//instagram.com/bajajallianzgeneral/