Car Insurance

Car Insurance : Car insurance is not just an option; it's a fundamental responsibility for any driver. It serves as a vital financial safeguard, mitigating the risks associated with vehicle ownership and operation. In essence, it provides a safety net for unforeseen circumstances, offering protection against:

Accident-related costs: Coverages like collision and comprehensive safeguard your vehicle against damage arising from accidents, protecting you from potentially hefty repair bills. Additionally, liability coverage shields you from financial responsibility for injuries or property damage inflicted on others during an accident.

Theft and natural disasters: Comprehensive insurance offers financial restitution in the event your vehicle is stolen or suffers damage due to natural calamities like floods, hailstorms, or earthquakes.

Peace of mind on the road: Knowing you're protected fosters a sense of security and enables you to focus on driving attentively, minimizing the risk of accidents.

Tailored protection and cost optimization: Consulting insurance professionals empowers you to select a policy that aligns with your specific needs and driving habits, optimizing your coverage while managing costs effectively. Remember, factors like driving record, vehicle characteristics, and location significantly influence insurance premiums.

Investing in peace of mind: Ultimately, car insurance represents an investment in your financial well-being and peace of mind. Proactively safeguarding yourself against potential liabilities and unforeseen events ensures you can navigate the road with confidence and financial security.

Types of Car Insurance Policies :

Standalone Policy : Standalone own damage insurance covers the damages only to the insured car.

Comprehensive Car Insurance Policy : Comprehensive private car package policy covers includes compensation for both damages to the insured car & third party liability as well.

Third-Party liability coverage : This is the minimum insurance coverage mandatory under law. This type of insurance covers only damage to the third party. No compensation gets paid for damage to your car in case of an accident. This plan is a basic plan with an affordable premium

Add On Coverage : Add-on covers offer additional protection to your car along with your base car insurance policy.Add-on covers are additional features or benefits that you can add to your motor insurance policy by paying a little extra premium. These covers Zero Depreciation,Engine Protector,Consumable,Road Side Assistance,Road to Invoice,Tyre & NCB Protection etc.

Insured Declared Value(IDV) : IDV refers to the current value of the car for which insurance is purchased

No Claim Bonus : No claim bonus if you do not cause any accidents in a particular year. In the subsequent year,  Insurance companies gives you the benefit of no claim bouns,The discount starts at 20% and increases up to 50% based on the consecutive claim-free years.  Hence, it is transferable from insurer to insurer or from car to car.