Drivers with a good driving history can get good discounts on car insurance premiums. It does not matter from which car insurance company you are buying car insurance. Almost all car insurance companies offer discounts on good driver car insurance. Drivers with violations in their driving record pay more car insurance premiums than the good drivers for purchasing car insurance policy.
Auto insurance is beneficial at the risk of being in an accident or causing an accident. Any financial loss arised from such causes will be covered by an auto insurance. Here is a presentation on more benefits of Auto Insurance and how it helps and protects you and your family.
Watch full video on link given below-
https://youtu.be/jPZpvgUSL2Q
Motor Vehicle Insurance is the insurance coverage of risk arising out of the use of motor vehicle such as car, truck or other vehicles causing damage and loss to oneself as well as other’s property in an accident.
Motor Insurance is mandatory as per the Motor Vehicles Act passed in the year 1938 and subsequently amended.
Motor Insurance provides coverage related to property damage, bodily injury, medical expenses and any other sort of compensation in legal proceedings.
It is also referred as Auto Insurance, Vehicle Insurance and Car Insurance.
Types of Motor Insurance are -
Private Car Insurance
Commercial Vehicle Insurance
Defense Vehicle Insurance
Two Wheeler Insurance
Motor Vehicle Insurance generally comprises of following two components –
Third party liability coverage is the part of insurance policy which protects you in case you are sued or asked compensation for any physical injury or damage to someone else’s property by your vehicle accidently.
Third party liability could be of following nature – Bodily injury liability and Property damage liability.
Factors affecting premium of Insurance Policy-
Type of vehicle
Physical condition of driver
Geographical area of use
Age of vehicle
Losses Covered under Motor Insurance -
Loss or damage by accident, fire, lightning, theft, malicious act, natural disaster
Third party liability in form of injury ,death and damage to property
Medical Expenses
Exclusions under Motor Insurance-
Normal wear and tear
Damage when person was driving without license
Damage when person was driving in influence of alcohol
Damage due to a war
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Buy/Renew your Car Insurance Policy with Reliance General Insurance and get complimentary Road Side Assistance with every policy. Take a Car Insurance Quote Now!! https://www.reliancegeneral.co.in/insurance/motor-insurance/private-car/features.aspx
Drivers with a good driving history can get good discounts on car insurance premiums. It does not matter from which car insurance company you are buying car insurance. Almost all car insurance companies offer discounts on good driver car insurance. Drivers with violations in their driving record pay more car insurance premiums than the good drivers for purchasing car insurance policy.
Auto insurance is beneficial at the risk of being in an accident or causing an accident. Any financial loss arised from such causes will be covered by an auto insurance. Here is a presentation on more benefits of Auto Insurance and how it helps and protects you and your family.
Watch full video on link given below-
https://youtu.be/jPZpvgUSL2Q
Motor Vehicle Insurance is the insurance coverage of risk arising out of the use of motor vehicle such as car, truck or other vehicles causing damage and loss to oneself as well as other’s property in an accident.
Motor Insurance is mandatory as per the Motor Vehicles Act passed in the year 1938 and subsequently amended.
Motor Insurance provides coverage related to property damage, bodily injury, medical expenses and any other sort of compensation in legal proceedings.
It is also referred as Auto Insurance, Vehicle Insurance and Car Insurance.
Types of Motor Insurance are -
Private Car Insurance
Commercial Vehicle Insurance
Defense Vehicle Insurance
Two Wheeler Insurance
Motor Vehicle Insurance generally comprises of following two components –
Third party liability coverage is the part of insurance policy which protects you in case you are sued or asked compensation for any physical injury or damage to someone else’s property by your vehicle accidently.
Third party liability could be of following nature – Bodily injury liability and Property damage liability.
Factors affecting premium of Insurance Policy-
Type of vehicle
Physical condition of driver
Geographical area of use
Age of vehicle
Losses Covered under Motor Insurance -
Loss or damage by accident, fire, lightning, theft, malicious act, natural disaster
Third party liability in form of injury ,death and damage to property
Medical Expenses
Exclusions under Motor Insurance-
Normal wear and tear
Damage when person was driving without license
Damage when person was driving in influence of alcohol
Damage due to a war
Thank you for Watching
Subscribe to DevTech Finance
Buy/Renew your Car Insurance Policy with Reliance General Insurance and get complimentary Road Side Assistance with every policy. Take a Car Insurance Quote Now!! https://www.reliancegeneral.co.in/insurance/motor-insurance/private-car/features.aspx
This presentation highlights about Motor Insurance, Types
Basis of Sum Insured, Dos and Don'ts for Motor Insurance and
General Advice for Motor Insurance
Motor Insurance, also known as auto insurance, is an insurance coverage for bikes, cars, trucks and other commercial vehicles.
It offers to pay for or compensate you for any loss or damage to your vehicle. It also covers any damage caused to another individual, vehicle or property. For more details visit: https://www.acko.com/car-insurance/motor-insurance/
7 benefits of commercial vehicle insurance in louisianaBonano Insurance
Auto insurances are designed for both, large and small scale trades, and any vehicle used by the owner/s or the employee/s, must be covered by commercial vehicle insurance to avoid unnecessary mishaps in the future. Hence, discussed here are the major 7 benefits of commercial vehicle insurance in Louisiana. Visit at http://bit.ly/3e0BLzr
Auto insurance is basically an agreement with insurance companies which will pay for your certain types of financial losses, arising from your use or ownership of any automobile. To get this agreement, called auto insurance policy, you pay certain amount called premium.
Regardless of the safety auto insurance provides, it is the fundamental law to insure your vehicle. It not only saves your financial stability but also looks after the safety of the vehicle and the third party involved in an accident. Auto insurance is a need because life on the road is always uncertain. People make mistakes in costing your lives. Insure your vehicle to be on the safer side, physically, legally, and financially.
The nature of the work of Commercial Vehicles is about going from one place to another every time. Due to this their wear and tear or damages is a big responsibility of the commercial vehicle owner or the driver. Also, it owns a huge amount of expenditure on the repairs and the maintenance of the commercial vehicles. To help the commercial vehicle owners in this regard the add-on covers are very useful and are of high value to them.
When purchasing auto insurance, some companies offer discounts for various things. For example, there may be a discount for an alarm system or anti lock brakes.
Many car dealers claim that new vehicles are covered by a driver's existing auto insurance policy. The truth is, this depends on your insurance company and whether your new vehicle is replacing an existing vehicle on your policy. Before you drive off the lot, it's important to know whether or not your new vehicle will be covered by an existing policy. Read on for tips on insuring a new vehicle, including what you should do before driving off the lot.
If you are driving in Virginia you can drive at your own risk by paying the DMV acknowledgement fee. This is a dangerous affair on the road. Accidents are more likely to occur in Virginia. It is not mandatory to actually get Virginia auto insurance but still it will do you no harm to get the package.
Bajaj Allianz General Insurance offers add-on covers, which gives benefits like Depreciation Shield, Engine Protector & 24x7 Spot Assistance. These covers can be availed with the payment of an additional premium. Here's a presentation based on the add on packages that you can opt for with our motor insurance policy. Know more about our Car Insurance policies by visiting our website.
This presentation highlights about Motor Insurance, Types
Basis of Sum Insured, Dos and Don'ts for Motor Insurance and
General Advice for Motor Insurance
Motor Insurance, also known as auto insurance, is an insurance coverage for bikes, cars, trucks and other commercial vehicles.
It offers to pay for or compensate you for any loss or damage to your vehicle. It also covers any damage caused to another individual, vehicle or property. For more details visit: https://www.acko.com/car-insurance/motor-insurance/
7 benefits of commercial vehicle insurance in louisianaBonano Insurance
Auto insurances are designed for both, large and small scale trades, and any vehicle used by the owner/s or the employee/s, must be covered by commercial vehicle insurance to avoid unnecessary mishaps in the future. Hence, discussed here are the major 7 benefits of commercial vehicle insurance in Louisiana. Visit at http://bit.ly/3e0BLzr
Auto insurance is basically an agreement with insurance companies which will pay for your certain types of financial losses, arising from your use or ownership of any automobile. To get this agreement, called auto insurance policy, you pay certain amount called premium.
Regardless of the safety auto insurance provides, it is the fundamental law to insure your vehicle. It not only saves your financial stability but also looks after the safety of the vehicle and the third party involved in an accident. Auto insurance is a need because life on the road is always uncertain. People make mistakes in costing your lives. Insure your vehicle to be on the safer side, physically, legally, and financially.
The nature of the work of Commercial Vehicles is about going from one place to another every time. Due to this their wear and tear or damages is a big responsibility of the commercial vehicle owner or the driver. Also, it owns a huge amount of expenditure on the repairs and the maintenance of the commercial vehicles. To help the commercial vehicle owners in this regard the add-on covers are very useful and are of high value to them.
When purchasing auto insurance, some companies offer discounts for various things. For example, there may be a discount for an alarm system or anti lock brakes.
Many car dealers claim that new vehicles are covered by a driver's existing auto insurance policy. The truth is, this depends on your insurance company and whether your new vehicle is replacing an existing vehicle on your policy. Before you drive off the lot, it's important to know whether or not your new vehicle will be covered by an existing policy. Read on for tips on insuring a new vehicle, including what you should do before driving off the lot.
If you are driving in Virginia you can drive at your own risk by paying the DMV acknowledgement fee. This is a dangerous affair on the road. Accidents are more likely to occur in Virginia. It is not mandatory to actually get Virginia auto insurance but still it will do you no harm to get the package.
Bajaj Allianz General Insurance offers add-on covers, which gives benefits like Depreciation Shield, Engine Protector & 24x7 Spot Assistance. These covers can be availed with the payment of an additional premium. Here's a presentation based on the add on packages that you can opt for with our motor insurance policy. Know more about our Car Insurance policies by visiting our website.
Car insurance is a necessity if you’re a vehicle owner. But if you don’t want to spend much on it, sometimes you don’t have to. Fortunately, there are several ways that you can save money on premiums. Here are some tips!
A two-wheeler insurance policy is one that helps you to cover financial expenses against any unforeseen circumstances including accidents, thefts or natural disasters, if you are an owner of a two-wheeler/bike.
1. MAJOR ADD ON COVER’S FOR
CARS
by ;
AJIN KS
RM Honda assure
2. Add on Coverage's in CarInsurance
Zero Depreciation Cover - Most Popular
Depreciation is imposed at 30% to 50% on Plastic,
Rubber, Glass Parts. With Zero Dep Plan - no
depreciation is deductible or paid by owner.
Available for maximum upto 5* yr Old Car
3. Windshield Glass Cover
If Front or Rear windscreen glass accidentally
breaks and needs to be repaired / replaced,
Insurance company bears the charges without
impacting NCB Bonus
4. Full Invoice Price Cover (return to invoice)
Covers the Vehicle at Original 100% cost
including Road Tax been Paid. Available for
Cars upto 3 yr Old and applicable only in case of
Vehicle Theft or Complete Loss
5. Engine Protector Cover
Car Engine can get stalled, if driven with Engine
Oil Leakage at accident or driven in water
logged areas or engine submerged under flood.
Engine Protector cover is especially useful for
protecting against very high replacement cost
of Engine in Several Lakhs
6. Consumable Cover
Consumables like - Oils (Engine Oil, Brake
Fluid, Clutch Fluid), Coolant, Grease etc are
not covered in Comprehensive or Zero Dep
Policy. But - there's a separate add on cover
wherein Consumables if changed due to an
accident - will be borne by Insurance
Company
7. Hydrostatic Lock Cover
Part of Engine Protector Cover or can be taken
Separately which can happen due to repeated
Engine Cranking - when car stops suddenly in
deep water. Due to repeated attempts of trying
Ignition on - Water can ingress into Engine
and lead to HydroStatic Lock.
8. Loss of Baggage Cover (non honda)
Does not include Eletronic items like Laptops /
Music System / Mobile Phones / Money / Credit
Card / Jewellery etc . Only includes Clothing /
Shoe or Personal Toliteries if stolen from car -
This cover is at best avoidable.
9. Key Replacement
If vehicle keys which are Lost or Stolen. The
covered cost is limited to the money paid to
locksmith to produce a new key or even
replacement cost of locks, if vehicle is broken
into.
10. Emergency Transport and Hotel Expenses (part of
RSA in honda assure)
Insurance Company pays towards the cost of
overnight stay - of at a distance of more than 50
Kms or taxi charges for returning back, if the
motor vehicle has met with an accident and can
not be driven
11. Road-Side Assistance Coverage
Does your Car Road Side Assistance Plan is
expiring. Now Opt for Insurance Company Road
Side Assistance for Repairs in event of minor
breakdown, Towing Cost, Changing flat tyres or
Emergency 5 Litre Fue
12. NCB Protection Cover
Do not miss to check - NCB Protection as
coverage in event of Smaller claims like -
Windshield Replacement, Key Replacement,
Roadside Assistance Claim. Generally NCB does
not get impacted - still its wise to cross check with
insurance company at time of sale.
13. Parts Depreciation under Comprehensive Policy
» 50% Depreciation is Deducted on all Rubber, Nylon, Plastic Parts,
Batteries and Airbags
» 30% Depreciation is Deducted for 'Fibre Glass' components
» Wooden Parts as per Ageing of Vehicle (5% in 1st Year, 10% in 2nd
Year, 30% in 3rd Year etc)
while under Bumper to Bumper plans - no depreciation will be deducted
on any of these, except Battery & Tyres
However, some salient points while taking Car Insurance
» Compulsory Deductible of Rs. 1000 is there in event of claim (in both
Comprehensive & Zero Dep plans)
» Claim will be considered Void, if the person driving car was without
driving License
» If the person driving car was found intoxicated by drugs or under
influence of Alcohol
» If Both Car Keys are Lost or Stolen - and Car is also stolen - Claim
would be Null and Void, unless an FIR for Missing Car Key is reported
in Nearest Police Station - before the actual asset i.e Car Stolen
14. Zero Depreciation Car Insurance
Introduced in 2009 in India - Zero Depreciation Plans,
often referred as Bumper to Bumper Car Insurance
Policy is what an additional 'depreciation cover' cover
offered on the car. Its no different than comprehensive
policy, except the fact that
15. Policy Exclusions - Not Covered under Zero Depreciation Plans
» Any Kind of Consequential loss, unless an additional cover take.
For instance - hydrostatic lock or Engine Protector due to
consequential factor (unless covered with an additional cover -
Engine Protector is when Engine gets Seized due to water
ingression or Engine Oil leakage due to which Engine gets
stalled)
» Does not Cover Mechanical Breakdown (as that what would be
covered under warranty & not under insurance)
» Does not Cover Cost of Consumables and Oil (Engine Oil, Brake,
Clutch Oil, Gear Oil, Coolant etc) Change in Car, even if its
accidental repair,
» No Cover also for routine Maintenance Items or Wear and Tear
Items including Clutch Plates, Friction Disc, Oxygen Sensor,
Engine Mounts, Bearings etc
» Tyres Claim is allowed only when damage is due to accident
including body shell also damaged. No cover only allowed for
Tyres - if damage only has occured to Tyre