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
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
With numerous news reports of electric scooters catching fire in the country coming to the fore, the question to ask is whether damages arising out of such incidents are covered under motor insurance or not. A third-party insurance policy does not cover fire damages. “India has two types of insurance policies: comprehensive and third-party. While … Read more