Having a car insurance today is a blessing for all, especially those who own luxury cars. Car insurance gives one the confidence to navigate even during the worst cases of traffic. A car insurance is mandatory in India as per the Motor Vehicles Act. One needs to avail at least a third-party liability cover for his/her car. It is vital that everyone who has a car insurance knows everything there is to know about the insurance one avails. Here are a few kept secrets of car insurance that will help you utilise the benefits and features of the car insurance to the maximum.
Roadside facilities such as towing, refueling, changing flat tyres, etc. are provided by the insurer either as an add-on as as one of its key features. You have to pay for the facilities you opt for, such as towing charge, charge for the fuel, etc. For facilities such as towing, changing tyres, etc. you can ask the amount you spend to be compensated by the insurer by submitting relevant supporting documents such as receipts, invoices, etc.
No Claim Bonus is a discount offered by the insurer to the policyholder for every claim-free year. You can save your No Claim Bonuses at the time of policy renewal. Which means that you won’t have to lose your NCBs, you can transfer them from your present insurance policy to your new insurance policy within 90 days from the day of policy expiry.
You can purchase or renew your car insurance policy online via official insurer websites or third-party insurance websites. This saves your time, money and insurers also offer a number of discounts on online purchase or renewal of car insurance policy. Also, when it comes to online purchase or renewal of car insurance, the documentation required is very less.
When it comes to a third-party liability cover, you an ask the insurer for a discount on the insurance premium if you have a good driving record. Usually the insurers give discount on insurance premium based on your driving record among other factors.
You can avail discount on your insurance premium if you have installed ARAI approved safety devices in your vehicle. Insurers usually give discount on insurance premium if you have installed ARAI approved safety devices such as GPS tracker, safety door locks, car alarm, etc.
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