According to the Motor Vehicle Act, 1988, every car owner must have his car insured. It is illegal to drive a car without insurance. Doing so can result in heavy fines or even impounding of the car.
But not only because of the fear of fines, but also because of the increasing number of accidents on the roads, it is necessary for you to have car insurance. There are many reliable insurance companies in the country, which offer policies with very attractive features. All these have different policies.
In such a situation, people face many problems in choosing an insurance policy. But if you have bought a new car, are going to get car insurance for the first time or your old car insurance has expired, here are some ways you can choose the right insurance policy.
So, today In work news We will talk about car insurance. You will also learn that-
- What should be considered while taking a car insurance policy?
- How can we know if the insurance policy is better or not? Q- Why is car insurance important? Answer- Car insurance is a tool with which you can protect yourself from financial risk in case of an accident in the future. Apart from this, according to Indian law, it is mandatory for all car owners to have third-party car insurance because if your car is involved in an accident or causes harm to someone, the insurance company will compensate you.
Q- What are the things to keep in mind while taking car insurance for the first time?
Answer- When taking out car insurance for the first time, all options need to be carefully considered. As a first-time buyer, you should choose a policy that offers the right coverage for your new car.
Understand from the graphic below what to look out for while taking car insurance.
Q- What items are not covered by insurance?
Answer- Usually people do not read the entire policy documents carefully while taking car insurance. The fine print of an insurance policy contains certain information that specifies what is covered in the policy.
The insurance company has certain rights to deny your claim or not pay it in full.
Understand this from the following graphic.
Q- How to choose the right car insurance policy? Answer- Before getting car insurance it is important to understand what your need is. For example, to cover damage to a car, you should take out an on-damage policy. Also, the amount of compensation you will get from the insurance company if the vehicle is stolen or destroyed in an accident depends on your Insured Declared Value (IDV). IDV in simple language is the current market value of your vehicle.
Question- Is it worth taking an online car insurance policy?
Answer- There is no problem in taking car insurance policy online. It also has many benefits. such as-
- The policy can be easily purchased at home.
- You can easily compare the prices of different insurance companies.
- Online car insurance premiums are often lower than offline insurance premiums.
- Online policies also provide the same coverage as offline policies.
Q- How to check genuine and fake policy online?
Answer- The most important thing if you are buying a car insurance policy online is to be careful and cautious. A little carelessness can make you a victim of fraud.
This kind of risk increases with online car insurance because people usually don't buy policies through their authorized agents or directly from their insurance company. In such situations, motorists become targets of online insurance fraudsters, who sell policies that are not genuine or get canceled after a while.
Keep these things in mind to avoid fraudsters and scammers selling fake insurance policies. such as-
- Do online policy verification by visiting the insurance company's website and entering the policy number.
- If the policy number is invalid then you can contact the customer care of the insurance company.
- Check the IRDAI certificate or registration number by visiting the insurance company's Website.
- Use the policy verification link on the insurance company's website.
- View the QR code in the insurance policy. By scanning the QR code, the policy status, details and information about the insured vehicle are available.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
