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  A vintage car is often passed down generations in a family as an heirloom. It would thus hold a very special place in your heart. You would want to care for it just right to ensure that you too may someday leave it to your progeny. Now, maintaining a vintage car can be pretty heavy on the pocket. With the car being several decades old, finding spare parts and a mechanic who can fit them just right can be truly trying and costly. Plus, there is always the risk of the vehicle getting stolen due to its high resale value. The best way by which one can secure their vintage ride is by taking adequate car insurance.   A comprehensive Online Motor Insurance policy will protect you from own and third-party financial and legal liabilities in the event of an accident. It will also cover your vehicle against man-made calamities like riots and theft and natural disasters like landslides, earthquakes, and floods. So, if you have a vintage vehicle, it does make sense to get adequat...

  Car insurance is all about risk-sharing. When you buy a plan, you transfer the risk of accidents & other perils to the insurance company. Therefore, in case of damages caused due to unfortunate events covered by your plan, the insurance provider will step in and cover a majority of the costs for you. But, did you know, you share a certain amount of risk with the insurance company as well? That’s right, in case of a claim, you have to first pay a pre-decided amount of the repair costs before the insurance company comes in and covers the rest of the expenses. This amount that you pay is known as deductible and it comes with all   online  car insurance plans   What is deductible? You can think of deductible as a threshold that needs to be crossed before the insurance company can start to cover repair costs. Therefore, in case of a claim, the insurance company will only cover amounts that exceed the deductible threshold. Let’s take an example to bet...

During a claim, a comprehensive car insurance policy does not cover the costs of consumables. Consumables include any parts that are consumed or worn out naturally as the car is used. Nuts, bolts, screws, and engine oil are common examples of consumables in a vehicle. The costs for replacing these consumables can run pretty high when your car is getting repaired. Therefore, it is advisable to opt in for an add-on benefit known as ‘consumables cover’ to complement the coverage of your  insurance for car  policy .This add-on ensures that the insurance provider includes the expenses for consumables too within the purview of the plan. The consumables cover add-on might increase your overall car insurance premium slightly but, this added expense is definitely worth the benefits it brings. If you are new to the concept of consumables cover on your motor insurance policy, you might have a few queries in mind. Read on for the answers to some of the most frequently asked questions...

  A comprehensive car insurance policy will truly safeguard your finances during a mishap that involves your vehicle. The coverage provided extends to road accidents for own and third-party losses, natural disasters, and man-made calamities. You can also opt in for a few add-ons to customize your coverage to fit your needs. One of the most popular add-ons in a car insurance policy is the roadside assistance cover. At a fractional extra charge to your premium, this add-on will ensure that you get help whenever you are suddenly stuck on the road. It can be truly unnerving if your vehicle gives up on you in an unfamiliar location due to a breakdown or a flat tyre. In such a situation, the roadside assistance add-on will provide much-needed help as called for by the situation. In this article, we will answer a few common questions on the roadside assistance cover in car insurance. 1.What incidents generally get covered under roadside assistance? The roadside assistance ad...

    The Indian government has made getting a motor insurance policy mandatory for all bike owners before they drive on Indian streets. And whenever someone drives on Indian streets, they expose themselves to potential road accidents as is true for any road in the world. To protect people and their bikes from the after-effects of road accidents, insurance companies offer motor insurance. Many people wonder how to proceed to make an insurance claim after an accident. We have come up with steps to help you with it. Inform the motor insurance company about the accident Inform the car insurance online insurance company about the accident within six days of the incident taking place. If you inform the company after a particular period lapses, the insurance claim will not be considered. Submit softcopies of relevant documents like driving certificate, motorbike registration certificate, and so on to begin the claim settlement pr...

  As we all know, a motor insurance policy is mandatory in order to be driving/riding on Indian roads. Now, many motor vehicle owners go for comprehensive insurance policies, but the law states that you only need to have a third-party car insurance policy. The same goes for your bike insurance policy. We will tell you the benefits of having third party motor insurance by your side. 1.       Legal protection In case you get in an unfortunate accident and there are certain damages caused to the your third-party  four wheelers insurance  policy will cover your liability towards the third party’s legal battle at the motor claims tribunal to claim redressal of the damage they faced.This insurance policy insulates you from the financial needsof the affected third-party’s legal battle. 2.       Financial assistance In case your bike causes an unfortunate accident, a third-party bike insurance policy will cover your fina...

  When you need to buy two-wheeler insurance, you choose either an insurance company that extensively advertises its services on the TV or a company from whom your friends have bought insurance. But this is not the best way to move forth while buying motor insurance for your car. Like any market, companies in the motor ins urance segment provide different  car insurance comparison services, set prices differently, provide services of varying quality, operate at different hours, and have different claim settlement ratios. So, you must select the right insurance company to insure your car from. The best way to go about it is by asking them questions so we have come up with questions to help you. What is your company’s claim settlement ratio? To select the most suitable vehicle insurance company, check the claim settlement ratios of different insurance companies. A company that has the highest claim settlement ratio is the best one for you. A high claim settlement ratio m...