Everything about motor insurance and their concept in India
We have a new model, highly security features favorite colors tend to spend more time in pursuit of which we prefer! But more of us features include car insurance and know very little about.Here we have for you detailed guidelines concerning car insurance, all the things you always want to know about it, are prepared know more about everything motor insurance concept India.
The concept of motor insurance
Car insurance ‘It’s do-or forget it’ policy functions. To get the benefits, you will have to pay an annual Kist. If you are lucky and escape the terrible accident claim, you lose the amount of security for the installment payment. On the other hand, you find IK non-Press Vons, which is a pretty the actual amount in the first year installment starts from 20% and 50% by the sixth year will not press for is- so sometimes a little damage It is advisable to.
IDV-to depends on the value of your motor insurance policy insurance amount stated in your vehicle, you will be paid by the insurance company, which is the maximum insured amount. This almost equals the market value of your vehicle. So, when you buy a new car insurance, the IDV is calculated based on the listed price of the showroom. However, your car’s IDV is not stable.
After one year you have chosen your car policy again, your IDV decreases because the car in the event of a two-year-old on the depreciation rate is applied.
IDV = (producer of the listed price – devaluation)
You must remember, however, less than the actual market value is not advisable to tell, because you pay less premium on being, you can pay less for damage.
And, at a certain time you have to re policy, otherwise, there is a risk of overpayment. This period is usually 90 days.
what does Motor insurance cover
A comprehensive car insurance policy belongs to is:
- Damage caused by natural disaster or waste:
Once your control events like lightning, earthquakes, floods, hurricanes, tornadoes, hail, landslides and so on.
- Man-made disaster due to damage or destruction:
Man-made disasters such as robbery, theft, riot, strike, terrorist activities, and road, rail or water damage during transport.
- Personal accident cover:
Permanent disability or death unfortunate that secures the future of your family. Travel time by the car while riding or walking to be done by the driver for any damage you can get up to two million. Some companies charge a co-passenger alternative provides accident.
- Third party legal liability:
Mandatory by law, the policy incidental damages resulting permanent injury or death of third parties is to protect against legal liability. It also covers damage to surrounding property is.
Motor insurance does not cover?
To protect you from the negative consequences of all your acts by the insured, but there are some exceptions. Automobile insurance policy does not cover these things usually are:
You when you are driving someone else’s car, when your car is not insured any person driving your car when the owner of a vehicle under the influence of alcohol or drugs is due to the damage, not having a driver’s license or valid across the authority to drive away or lost due to the war on the car in the event of loss or damage, insurgency or nuclear risks, mechanical or electrical breakdown in your car, radio player, normal attrition in addition to the car’s normal albinism is caused by the limited function.
Getting car insurance
Lime from the insured, you can buy your car insurance claim can get Mann-line. Servicing of your vehicle in the event of network time, you can claim the refund amount.
Before beginning your Sabdani
First, it’s important to know what you are signing up for, and if you have any questions, you are free to ask him. And, most important, to drive safely.