307 - B Sai Complex, Above Hotel Giriraj Kathyawadi, GIDC Char Rasta Vapi. 396195.
Motor Insurance
This sort of insurance, which is more often referred to as motor insurance, covers any loss or damage to a vehicle, including a car, a two-wheeler, a commercial motor vehicle, etc.
This insurance assists in reducing the financial losses brought on by collisions that damage the vehicle.
The purpose of car insurance, commonly referred to as auto or motor insurance, is to safeguard your vehicle from unexpected dangers. In essence, it offers insurance against losses brought on by unexpected events. It aids in protecting against theft, monetary loss brought on by mishaps, and any ensuing obligations.
Benefits of Motor Insurance
Complete Protection
Complete coverage for car damage from accidents, theft, fire, vandalism, and natural disasters is provided by auto insurance. The coverage also covers third-party legal liabilities brought on by the vehicle.
No-claim Bonus
After each year without a claim, the renewal premium price is subject to enticing discounts, resulting in premium savings of up to 50%. If you switch vehicles, the NCB advantage can be transmitted.
Zero Depreciation in Value
Vehicle insurance is available with zero depreciation coverage, which means that the whole value of your car is insured without taking into account depreciation. This indicates that you will be compensated in full for your claim.
Coverage for Personal Accidents
The insurance coverage protects the owner against accidents while driving the covered vehicle by paying for any necessary medical care. The policy can also provide coverage for extra occupants, paid drivers, and passengers.
FAQ
General Question
? What does a motor insurance cashless claim imply?
In the event that your car is accidentally damaged, the cashless claim feature of motor insurance allows you to avoid paying any repair costs to the garage. All costs will be paid directly by the insurance to the garage. You must fix your car in the insurer's network garage following an accident in order to take use of this option.
? What paperwork is needed to submit claims?
You must provide the insurer with a properly completed claim form together with all necessary supporting documentation in order to make the claim. These records contain a copy of the RC (registration certificate), a police first1 incident report (FIR), a damage estimate, repair costs, and invoices. Depending on the circumstances of a claim, the insurer may need other papers in addition to these.
? Is it possible to file a claim without a police report?
Most of the time, you may make a vehicle insurance claim without a police record. However, there are several circumstances in which you must give the insurance provider the FIR report. These include property damage to third parties, theft of a vehicle, and damage to the car as a result of terrorism, strikes, or riots, as well as third-party injury or death in the event of an accident.
? Is it required by law to purchase auto insurance?
Yes, every vehicle operating on public roads must have a motor insurance coverage that covers third-party responsibility, according the Motor Vehicle Act of 1988. This assures that your insurance will pay the claim if a third party is hurt or their property is harmed as a result of your car.
? What should I check out when someone else is driving my car?
Make sure the individual behind the wheel has a current driver's licence if someone else is operating the car. Make sure your car isn't used for any illicit activities as well. Verify that the person is not using alcohol or drugs while operating your car. The claim procedure will be impacted by all of these factors.
? What more options are there for motor insurance?
Numerous more add-ons are available, including the personal accident rider, consumables, zero depreciation cover, engine protection, roadside assistance, personal luggage cover, conveyance benefit, and NCB protection. By adding these extra coverages, you may customise your policy.
Talk To Our Insurance Experts
Are you perplexed by complicated insurance terminology? Don't worry. Speak with an IRDAI-certified insurance expert at Plum to get the best group insurance quote.