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10 Big Things About Car Insurance, Before Buy

Before buying a car, as we take information about it, if the same information is also done about car insurance, there can be a double benefit.

Car Insurance (2)One, it will get cheaper, secondly the customer can get more facilities in this insurance. That is why it is better to know about car insurance first. If some important information is gathered before taking vehicle insurance, then many problems can be avoided later. Therefore, before taking car insurance, it is important to know 10 important thingsCar Insurance

Know how many types of car insurance policies are there

Generally people are not aware that there are many types of car insurance policies. People often associate car insurance with only their car and their own insurance policy. But, be it car insurance or any other vehicle insurance, it provides the facility to take different types of policies to protect against different types of risks. These basics are of 4 types.

-Third Party Legal Liability
-Comprehensive Insurance
-Personal Accident Cover -Add
On Coverages

 One, it will get cheaper, secondly the customer can get more facilities in this insurance. That is why it is better to know about car insurance first. If some important information is gathered before taking vehicle insurance, then many problems can be avoided later. Therefore, before taking car insurance, it is important to know 10 important things (10 Important Things for Car Insurance)

how many types of car insurance policies are there

Generally people are not aware that there are many types of car insurance policies. People often associate car insurance with only their car and their own insurance policy. But, be it car insurance or any other vehicle insurance, it provides the facility to take different types of policies to protect against different types of risks. These basics are of 4 types.

-Third Party Legal Liability
-Comprehensive Insurance
-Personal Accident Cover -Add
On CoveragesCar Insurance

Third party insurance for liabilities of others

If it is a car or any other vehicle, if it does not have any insurance, then it is necessary to get third party insurance done by law. Third party insurance is an insurance policy that covers damage caused by a vehicle to another person or to his property (including other vehicles). Such damages also include serious injury, disability, or death to the other person. If you have not got third party insurance, then after such accidents you can get into huge financial trouble. Regardless of whether you are driving the vehicle in the event of loss or a member of your family, third party insurance remains beneficial even in the event of a friend or employee driving the vehicle. However, a claim cannot be made for the damage caused to the vehicle by third party insurance.

Comprehensive cover for your own car

Insurance cover has to be taken separately to compensate for the damage caused to yourself and your car. This is called comprehensive insurance cover. Comprehensive insurance provides compensation for the loss caused by an accident as well as theft of a vehicle. With a comprehensive car insurance cover, you can also get a claim for damages caused by a natural disaster or human calamities. Such incidents include road accident, car fire, natural calamity such as earthquake, landslide, flood, storm-hurricane. ), lightning, etc. Apart from this, human-caused disasters include arson, riots, terrorist attacks, explosions,

Personal accident cover for Yourself Personal accident cover

can be taken by anyone for other people in your car. Personal accident cover for other passengers is available according to the capacity of the seats in the vehicle.

Can add on for other risks (additional covers through add ons)

Auto insurance companies also provide a few other types of minor ancillary insurance coverage. These are called add on insurance protection. Every add on gives you a new kind of insurance cover. Under this, even after changing any part of the vehicle, zero depreciation add-ons can be added to get the depreciation not applicable and to get the full claim.

Similarly, in case of loss of keys, puncture, bursting of tyres, a separate add on of insurance protection can be added. Apart from this, add on can be added to compensate for damage to other valuables present in the car such as laptops, LED, music system, mobile phones etc. However, your insurance premium increases with every add-on.

Don,t seek only low premium loog coverages

Do not buy a policy on the basis of low premium. The coverages available with it should also be compared. Sometimes good insurance coverage can be taken by paying a small premium more.

Know how the car insurance premium is decided

The engine capacity of the car is determined by your car insurance premium on the basis of the car’s engine capacity.

Know Insured Declared Value of car The insurance premium of your car depends on its Insured Declared Value i.e. IDV. The Insured Declared Value is actually the maximum amount that you can claim.

Save Premium with No Claim Bonus 

Those taking car insurance get No Claim Bonus i.e. NCB for not making any claim during the year. Due to this, you can reduce your vehicle insurance premium by 5 to 10 percent. But, only a maximum of 5 years of No Claim Bonus can be availed simultaneously.

Bundled car insurance for Lower Premium

If you have more than one car then you can take bundled car insurance and bundled car insurance. By taking this type of bundled car insurance from a single insurance company, you get a discount in the insurance premium of all your cars. But, this is possible only if all the cars bear the same name.

It is not necessary to take insurance from the dealer

While buying a car, car dealers also try to provide insurance. Usually, all car companies give insurance policy along with the vehicle by collaborating with some insurance company. But, it is not necessary for you to take such insurance.

You should know about the plans of some good insurance companies. After this, the plan which suits you best according to your needs, should be taken with the car.

Make sure to know about the cashless facility 

While taking car insurance, one should do complete information about the cashless facility. This facility is only for cashless treatment.

In this type of insurance, vehicle insurance companies provide the facility of cashless repairing. But, they provide this facility only in those garages with which they have an agreement.

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