With 4 lakh road accidents occurring in India each year, it would be pragmatic to opt for an insurance if you own a car. Costs for damage to the vehicle and the third-party might easily run into lakhs of rupees. This is when an insurance can be really helpful!

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When you have active car insurance, the insurance company will pay out claims and cover losses if any accident/damage occurs to your car. In this blog, we shall explain the very basics of car insurance so that you can make an informed decision while purchasing one!

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vehicle insurance. Do not enrol in an insurance plan that offers the lowest premium.

Drive safely for a year and obtain a No-Claim Bonus. Utilise it to lower your premium rates at the time of renewal.

Install safety gadgets in your cars such as GPS, Adaptive Headlights, and Airbags.

Types of damages generally covered

There are multiple options available for a customer. In general, comprehensive car insurance covers -

● Third-party claims and liabilities

● Damages due natural calamities like falling trees, floods, etc.

● Damages due to man-made calamities such as protests/riots, etc.

● Theft

● Accidents

Type of damages not covered

· Driver without License

· Drunk Driving

· Wear and Tear/ Depreciation

· Damages when insurance is inactive

· Claim regarding any personal item in car

· Regular servicing

· Damage due to wilful negligence

Steps for car insurance claim 

Step 1: Contact the law enforcement (police) with details of the accident and file a FIR.

Step 2: Contact the insurance provider with details of the accident.

Step 3: File a claim with the insurance provider.

Step 4: Submit the necessary documents to the insurance provider and request for the claim to be approved.

 

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