Page 35 - Insurance Times April 2019
P. 35

MUST KNOW





          DETAILS FOR





          YOUR BIKE/





          CAR




          INSURANCE









         T        hinking of buying your first automobile? Well,  are few things that you should know for your car/bike


                  then car insurance may simply be the final thing
                                                              insurance.
                                                                 You as a first time insurance vendee ought to recognize
                  on your mind. But it is important. The Indian
                                                              Y
                  Motors Act makes it mandatory  for all
          automobile buyers to get their vehicles insured. Now as to  all the details of the insurance policies within the market.
                                                                 Find the right source online to view and compare policies
          why buying car insurance is so important for you. Well, if  basis of several parameters like low parameters like low
          your vehicle is insured, the car insurance will come to your  premium cost, coverage, additional benefits, claim
          help in the case of accidental damages.                settlement ratio etc. Use the web car insurance
                                                                 calculator to search your policy most easily and quickly
          The insurance firm whose auto-insurance policy you've got  to match your demand to the policy you need.
          availed will step up to pay for the damages to your vehicle
                                                              Y  There are few basic features that one should look for
          as well as repair costs. You'll be paying the company annual  in a car insurance policy. These embody characteristics
          premiums in fact you'll receive the insurance benefit, but  like insurance, premium, insured value and riders.
          it helps in mitigating the expenditure you would have to
                                                                 Car insurance policies are often generally classified into
          face if you had an uninsured vehicle. In short, you pay the
                                                                 2 types:
          company to come to you whenever your vehicle is involved
                                                                 O   Basic/ Third Party Car Insurance Policy
          in an accident, thus lessening your financial burden. Here
                                                                 O   Comprehensive car insurance policy
                        About the author
                                                              For example, a basic car insurance policy such as a third
           Mahesh Shetkar                                     party insurance may not provide any benefit at all to the
           Business development and                           policy holder should the need for a claim arise. A third party
           Strategy planning at DOERS
                                                              car insurance policy holder should the need for a claim
                                                                            The Insurance Times, April 2019 35
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