The rapid growth of the auto sector in India can be estimated from the fact that luxury cars are usually seen moving on the most wretched roads of the country. About a decade ago, luxury cars were seen very little on the roads, but now with the increase in auto sector, these luxury cars have become common with showing premium sedans, SUVs and hatchback cars, due to which cities such as Delhi-Mumbai There is a long traffic everyday, Due to the traffic and dreaded roads, the cars are damaged during driving or are accidentally crashed by a mistake. In such cases, insurance is also being seen in the insurance. It can be estimated from this that about 45 percent of the total premium of non-life insurance in India goes to the account of the motor insurance.
Motor insurance means those cars, two-wheelers and commercial vehicles which are registered under the Road Transport Authority. Most dealers pay insurance vehicles only when shopping. There are about 25 non-life insurance companies in India, which have offices throughout the country and they all also sell motor insurance. These insurance companies with 3,50,000 agents are now also providing the facility of online insurance, which can be used directly through the company’s website. In rural areas, motor insurance is done through common service centers.
If you are going to buy a new bike or car or you want to renew your vehicle’s insurance, then you can try these three important options.
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Third Party Insurance
Under the Motor Vehicle Act third party insurance has been provided. It is also known as Third Party Liability Cover. As the name implies, it is related to third party insurance. When there is an accident from the vehicle, sometimes there is a third party in addition to the insurer and the insurance company, which is affected. This provision is about fulfilling the obligations of third party ie third party. This policy provides coverage to the insurer, but not on the third party who is affected. In case of third party death or injury in case of accident, compensation has been made. It has been made legally mandatory.
2. Conventionable Insurance Cover
Under this policy, the vehicle covers the responsibility of the injured or injured third party in the accident, with the vehicle being damaged. Not only that, it also covers the insurer’s vehicle’s insurance, which provides insurance cover for accidents, fire, theft, natural disaster or the vehicles coming in the grip of terrorism.
3. Zero Depreciation Insurance cover
Depreciation is not included in determining the value of the vehicle under this insurance policy. That is, if your car is damaged due to an accident or other reason, then the insurance company pays the full amount under the claim. Let’s say, the premium of zero depreciation can be around 20% expensive by general car insurance.
How to claim insurance?
Under the Motor Insurance policy there are third party clues or on-the-date claim. Under this policy, if your vehicle accidents or if another person is injured or injured in the vehicle, then it is covered in the third party insurance cover.
On Damage Claims Includes Only Your Vehicle Damage Cover If you or your vehicle causes any damage during an accident, then you have to give the insurance company and the police the details of the accident. Let us know, customers can claim insurance through multiple mediums. It can be applied for a claim through the customer contact center, message or its website, which is insured.
If your vehicle is badly damaged then the Surveyor appointed by the insurance company will come to its survey and then it will be prepared according to the workshop’s estimation. Insurance companies may also check the cases of less damaged cases. Apart from this, there are many insurance companies from the workshops, where you can make your damaged vehicle even cashless.