We spend a lot of time looking for new models, extreme safety features, which we love! But most of us know very little about car insurance and the facilities involved.
Here we have prepared a detailed guide for you about car insurance, all related things you always want to know.
Car insurance You have to pay an annual installment to get the benefit of it. If you are more fortunate and survive a deep accident claim, you lose the installment amount paid for security. On the other hand, you get a non daba vagus, which is a pretty real amount – starting at 20% of the installment in the first year and going up to 50% by the sixth year – that’s why sometimes there is no pressure for small damage It is recommended to do.
The value of your insurance policy depends on the IDV – the declared insurance amount of your vehicle, which is the maximum amount the insurance company will pay you; It is almost equal to the market price of your car. Therefore, when you buy insurance for a new car, the IDV is calculated based on the listed price of the showroom. However, your car’s IDV is not stable.
When you renew your car policy after one year, your IDV decreases, as the depreciation rate is applied in case the vehicle becomes one to two years old.
IDV = (Insured Declared Value – Devaluation)
However, it is not recommended to display a price that is lower than the actual market price. This is because even if you pay a small installment, you may be less likely to pay for damage.
You will also need to reinstate the policy at a specific time. Otherwise there is a risk of overpayment. This period is usually 90 days.
What does car insurance cover?
A comprehensive car insurance plan is:
- Damage or waste from natural disasters
- Damage or waste from man-made disasters
- Third party liability
- Personal injury cover
What is not covered by motor insurance?
Your insurer does all the work to protect you from the negative consequences, but there are some exceptions. Auto insurance usually does not cover these things.
When you are driving someone else’s car, when your unreliable person is driving your car, when the damage is caused by the car owner under the influence of alcohol or drugs. If the driver does not have a valid license, loses the right to drive, or if the vehicle is lost or damaged as a result of the war, the area will be mechanical or electrical car damage, radio players will be a further common failure color cars in normal wear and limited work.
Get car insurance
From a lime insurance company, you can buy your car insurance and get your claim online. In addition, you can take advantage of the free garage facility to repair your car, which basically means you don’t have to spend a penny to repair the car until you get the service under the supervision of the garage. . If your vehicle is serviced once on its network, you can claim a refund.