Need to know some… for your CAR INSURANCE

Buying your favorite family car as per your family need is the dream of all people & if its our first new car then we care it like our child & maintain it properly, but what if its met with the accident of mistake of other person or any other natural calamites?? We couldn’t imagine this situation, when because of others mistake we have to pay unnecessarily by burning our pocket or disturb our family budget. So for to avoid all this, car insurance is the only thing which you can get the full protection of car & also peace of mind against any un-expected bad financial situation
Car insurance comes in two options, comprehensive & third party. Third party is mandatory by law, which covers only legal liabilities for injury / death or damage of third party property in the event of a mishap.
In comprehensive insurance policy made to be for cover your market value of car (IDV) where you can get car parts and repair charges as per the age & depreciation of your car. it also insure you against any damage during accident, add on cover you as a driver, owner-driver & unnamed passenger which is traveling with you which you couldn’t get at third party insurance.
Comprehensive car insurance include with third party policy insurance.

The car insurance calculation is depend on some below mentioned factors.

IDV : Insured Declared Value (IDV) it means market value of car as per the manufacturer decided. It deprecated each year by average 10%.

NCB : Its called No claim Bonus (NCB), If accident have not claim on previous policy, insurer gives additional benefits of discount on next renewable policy , NCB discount is increasing year by year until & unless you have not claim for accident repair. It varies from 20% to 50%.

Accessories Cover : You can insured your car with expensive electrical & non electrical accessories like audio-video system, woofers, leather seat covers etc…

CNG Kit : If your vehicle fitted with CNG kit by externally ( Non OE company fitted ) then value of kit be insured with your car insurance.

PA to Passenger : Get maximum insurance of Personal Accident cover of every No. of passengers traveling with you of your total seating capacity of car. Which is varies from Rs.50,000 to 2,00,000.

In India there are lots of insurance companies but select those only who give you good after sale service and hassle free claim settlement. Insured every insurance company’s take a payment cheque by on company name and to give only by company name for to avoid being cheated by fraud agents. otherwise, do the online payment only by trough genuine web portal service.
After every payment, ask for immediate cover note or e-cover note of respected insurance company. This is valid for 60 days and as valuable as original insurance policy.
Car Insurance cover not only gives you protection against unexpected things but also reduce your financial burden occurred during accident & gives you peace of mind