NEWS & ADVICE : AUTO INSURANCE
A general guide to Auto Insurance
By Neelima Shankar
Print    Email    RSS   

There are three main features of an auto insurance policy:

1.Premium: Premium of the policy depends on several features like cubic capacity, city of registration, model and manufacturer of the car and many more. Premium increases with the price of the car. Since the tariffs on premium are regulated by IRDA, therefore all insurance companies provide policies having more or less the same premium.

2.Claims: In case of auto insurance, claims can be accidental, theft claims and third party claims.

3.Documentation: Auto insurance in India needs some specific documents like duly signed claim form, RC copy of the vehicle, Driving license copy, FIR copy, Original estimate and policy copy.

Types of covers included

Amongst the natural and man made covers provided are cover against risk of fire explosion self ignition or lightening, burglary housebreaking or theft, riot and strike, earthquake, flood, typhoon, hurricane, storm and, tempest, inundation, cyclone, hailstorm and frost. Liability to third party is also offered as cover.

Additional payment entitles the insured to protect other accessories of the vehicle like bi-fuel kit, electronic/electrical accessories etc.


Page    | 123 |  
(Comments Posted : 2) Post Your Comments
1. Thanks for sharing such a good article which helps to car insurer
Aashi (Posted: Jul 25, 2014)
2. I bought my insurnce for my merc. I got about 7 quotes and was bale to do everything online.
V, Narayanan (Posted: Mar 19, 2012)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Some New Ways to Save on Your Car...
Kinds of auto insurance coverage
Must have add-ons for luxury car insurance
An insight into two wheeler insurance
Factors affecting car insurance premium


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
how to download my account details

NEWS THIS WEEK
New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive