Auto Insurance Cover

Auto insurance covered by auto insurance is auto insurance that is compulsory in India under the Automobile Act 1988. Provides financial assistance to car owners to offset costs such as repair costs due to accidents, theft or loss. in the car. Auto insurance plans include compulsory third-party insurance that covers injury or damage to other people, vehicles, or property as a result of the vehicle.

Types of auto insurance

Auto insurance is mainly divided into 4 parts. Namely: 

Comprehensive Automobile Insurance: This is a plan that provides full coverage against all risks related to the vehicle, its party, its passengers and third parties. We provide coverage against all natural or man-made disasters, including earthquakes, landslides, floods, strikes and riots.

Passenger Insurance: Some insurance companies offer passenger accident insurance, but you can take advantage of it by paying an additional premium. In the event of the death of a passenger or driver, you are entitled to 100% compensation. You can claim 100% coverage even if you are permanently disabled due to any kind of injury.

Third Party Insurance: This is a prerequisite for the purchase of this insurance under Indian law. Covers liability for any damage to third parties and property caused by the insured vehicle.

Personal Risk Insurance: Auto insurance generally only applies to car owners. However, under this insurance, the driver of the vehicle (holding a valid license) provides insurance in case of injuries and accidents. 

Auto Insurance: Insurance, Billing and Renewal What does 

Auto Insurance Cover? 

Car insurance usually varies from company to company. However, some situations and cases are covered by almost all companies. Key examples include: 

Auto Insurance protects the driver/owner of a vehicle in the event of an accident while driving. This includes any legal or material assistance arising out of personal injury or damage to another vehicle or property by the Insured Vehicle. This policy also covers damage to vehicles caused by: accident and external damage fire and explosion riots and strikes illegal labor theft, robbery Natural disasters such as earthquakes, landslides, hurricanes, and floods. Terrorist Act 

How does car insurance work?

First of all, you need to choose the cover you need for your car. This depends on the type of vehicle you live in and the power of your engine. Because third party insurance is compulsory, policyholders can choose between comprehensive auto insurance and accident insurance. The insurer then inspects the car to calculate its reportable value (IDV), taking into account various factors such as the car make, model number, year of manufacture, and claim history, and the policyholder must first inspect the car. Call your insurance company toll-free. You must provide the necessary documents to submit your application. For non-cash claims, your insurance agent will analyze the estimate made in your garage and pay for the repairs directly from your garage. In the case of a claim system, you will have to pay after the repair and the company will pay for it later. permissible conditions Third party insurance is compulsory for all types of vehicles. To get car insurance, you must be an Indian citizen at least 18 years old, have a driver's license and have an RC car.

claim process In the event of an accident, you must contact the insurance company to claim damages. The claim process is as follows: If an accident, loss or theft occurs when making a caim, you must report it to your insurance company immediately. You can then submit the claim form along with relevant documents such as the claim form, a copy of the vehicle registration (RC) and other documents. Repairing your car in the garage of the insurance company's network can give you a cashless claim. If the policyholder takes their car to an off-grid garage, the insurance company will have to pay a bill to be paid later. Documents Required for Submission of Application It is important to report any accident or damage to the vehicle or third party due to your own negligence to the insurance company. Along with this, the following are the required documents which are required to be submitted for the claim on time: 

Duly filled claim form copy of insurance policy Copy of driving license of the person driving the vehicle at the time of accident Copy of FIR in case of third party damage, death, bodily injury All sets of keys, service booklet and warranty card in case of theft repair bill Types of Claims Car insurance companies have two options to pay the claim; One is through cashless, where the claim is paid directly by the insurance company (if the vehicle is repaired at a network garage to the insured). Another option is claim reimbursement, where the individual pays the bill and the insurance company pays the same later. 

add on covers In addition to the normal coverage provided by the company, you can opt for additional benefits, also known as addons, by paying an additional amount. These benefits vary from company to company. The following are some of the addons: 

Zero Depreciation Cover: The value of your car goes down as your car ages. Therefore, you pay after deducting this depreciation at the time of claim. However, if you use this coverage for an additional fee, depreciation will be included in your bill. Engine Insurance: Full auto insurance does not cover engines. However, for additional features, it also compensates for damage to the company's engine. Roadside Assistant Cover: As part of this extra protection, the company provides 24/7 assistance with refueling, tire replacement, maintenance, and more. exception. Auto insurance protects people after they buy a car. However, insurance does not cover all cases. Some situations, also called exceptions, are not covered. 

Depreciation (damage with continued use or over time) Depreciation or related damages mechanical or electrical failure Damage caused to the driver as a result of alcohol or drug addiction

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