Important car auto insurance
issues
There are certain issues
regarding auto India insurances as many things are covered and some are not
under the insurance.
The present scenario regarding Auto
India industry is been considered as one of the most flourishing one. The
number of vehicles running on Indian roads has increased incredibly. Almost,
every month, a new car is being brought into the market by top car manufacturers
like Hindustan Motors, Mahindra and Mahindra, Tata Motors, Maruti Suzuki,
Hyundai Motors India Limited and Toyota Kirloskar Motors limited etc. To
purchase such branded vehicles, you need to have some branded auto insurance
companies offering loans.
In India, car insurance companies
offer some great insurance cover schemes over damages or losses of the cars due
to man-made or natural events. Auto insurance in India is a mandatory
requirement for all vehicle owners. These insurance companies have got tie ups
with all the major brands of the country so that the finance is being handled
automatically by these insurance people. You can also get instant car insurance
quotes online by simple up online application form.
Once you buy the car, the premium
that you need to pay to the car insurer depends on numerous factors. If you go
for a costly car, your premium rate will be very high as compared to those who
buy cheaper car. They qualify for reasonably cheap rate of premium.
Following claims are being offered
by the car insurance companies mostly, in India:
·
Accidental
·
In case
of theft or burglary
·
Third
party claims
In order to get a claim, you need
to submit few documents which include a suitably complete and signed claim form
along with a copy of your driver’s license, a copy of FIR (First Information
Report), copy of the registration certificate of the car and a copy of the policy
agreement.
Here are some of the important
points of car India insurance companies. They offer the following coverage in their
policy mostly:
·
In case
of damage, accident, fire, lightning, self ignition, external explosion, theft,
burglary etc.
·
Death in
case of any accident or injury of third party, loss or damage to third party
property and liability to paid driver
·
On payment
of proper extra premium, damage or loss to electronic/ electrical appliances
Your auto insurance on the other
hand does not cover:
· If the car
is used out of the mentioned geographical territory
·
Depreciation,
electrical or mechanical breakdown, consequential damage, breakage or snag
·
Intoxicated
driving and nuclear warfare
Thus, car
insurances don’t cover each and every aspect but it touches on the most
important aspects which demands to be insured.
