The woes of the electric vehicle owners who have been suffering after their vehicles caught fire may not be over as they may not get insurance claims for it. While a third-party insurance policy does not cover fire damages, the comprehensive policies do cover fire claims but that is not guaranteed. A comprehensive motor insurance … Read more
Motor insurance has become a need of the hour today, with new models of automobiles launching, even in the EV space. Experts say it becomes crucial for a person to buy motor insurance along with the possession and pride of a new vehicle since a comprehensive policy protects car owners from repairs due to accidental … Read more
Buying a new vehicle can easily be listed as one of the few most important purchases of a lifetime. Buyers ask around for opinions, plan their budget months in advance, and keep a tab on the latest features and models before they can finally make up their minds. So, quite understandably, nobody wants to see … Read more
When you buy a car, the convenience comes for a price. Besides maintenance, you also pay for the vehicle’s insurance, which has two components: ‘third party’ and ‘own damage’ or what is also known as ‘comprehensive’ insurance. While the former covers any damage or injury incurred by a third party in case of an accident, … Read more
Insurance premiums could increase from April this year, after a draft proposal by the government proposed hikes in third-party cover. If the proposal is passed, vehicle owners may have to shell out up to 21% more for third-party insurance. Insurance premium rates are usually revised annually, but the government had frozen rate hikes for two … Read more
Whether you own a two-wheeler or a four-wheeler, motor insurance renewal is often influenced by pricing considerations, especially as the vehicle’s age increases. However, with auto parts and repair costs increasing by the day, it is important to ensure that the purchased motor insurance policy covers all types of damage and other risks involved. Understanding … Read more
All of us who don’t own a car with the right insurance for it will dread seeing our vehicle damaged. Adding to the inconvenience will be the situation of being without personal transport, especially in the current environment, where we are increasingly dependent on our vehicles. So, it becomes crucial to invest in insurance for … Read more
Misfueling cover in India: Using wrong fuel in a vehicle can cause some serious damage to its engine. However, motor insurance policies do not provide any protection against such act of negligence. Mis-fueling is treated as a contributory negligence, which is typically not covered by insurers. Motor insurance products currently provides cover only for defined … Read more
When buying a motor insurance policy, one must look at a comprehensive policy along with add-on covers such as zero depreciation, engine cover, vehicle replacement, roadside assistance and towing, etc. These optional add-on covers will cover those elements which are excluded from the policy. Comprehensive cover A comprehensive motor insurance will cover own-damage as well … Read more