Using a commercial vehicle insurance calculator makes purchasing vehicle insurance much easier. It allows the prospective buyer to change certain variables that influence the policy's expense and know the approximate sum insured. Commercial vehicle insurance offers a financial safety net in the event that a commercial vehicle is damaged and causes damages.
Here are the benefits of buying commercial vehicle insurance: Compliance with the Law You ensure that you comply with the law of the land by purchasing vehicle insurance, which is required by law in India. The chance of financial loss due to high fines and penalties can be avoided by having a valid car insurance policy. Coverage Against Third-party Losses The damage or injury to a third party caused by a commercial vehicle may be even greater. This attracts equal sums of compensation, which may result in a significant financial loss for a commercial vehicle owner. It can also have a negative impact on your business. When it comes to third-party damage or accidents, commercial vehicle insurance offers a safety net against financial losses. Coverage Against Own Damage A commercial vehicle is one of the assets that allows the owner of the vehicle to keep his or her company going. Any damage to this asset will result in a significant setback for the company. Paying more money for the vehicle's maintenance in this case may be much more financially painful. Commercial auto insurance will help you protect your savings/income by covering the cost of the damaged vehicle's repairs. Liberty to Buy Add-ons If the owner of a commercial vehicle opts for comprehensive coverage, he or she may have the option to expand the policy's breadth of coverage. This can be accomplished by purchasing add-ons, or additional covers. Add-on covers such as Zero Depreciation, Small Repair Claim, Engine Protect, Loss of License or RC, Key Protect, Downtime Allowance, NCB Protect, Consumables, Roadside Assistance, and more are available for commercial vehicles under the terms and conditions of the insurance provider. Peace of Mind The aforementioned factors ensure that a commercial vehicle owner is stress-free and can concentrate on their business. Purchasing commercial vehicle insurance can protect the owner from damage to the insured vehicle, third-party damage or accidents, and the cost of treating injuries to the insured vehicle's owner/paid driver.
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Car insurance is a form of auto insurance policy that safeguards the vehicle and its owner against risks and liabilities that may result in financial losses. A car insurance policy is an arrangement between a car insurance provider and a car owner that protects the car owner on the road from any loss or harm caused by an accident.
Motor insurance policy protects the policyholder against financial loss or harm resulting from traffic accidents, third-party liabilities, man-made calamities, theft, fire, or natural disaster. According to the Motor Vehicle Act of 1988, all cars in India must have a four-wheeler insurance policy. Vehicle insurance providers pay out for damage, harm or loss to the insured vehicle as well as a third-party incurred by the insured four-wheeler. Some of the reasons to purchase a new car insurance policy in India include:
At GIBL.IN, you can enter a few basic information such as the car's make, model, variant, and year of manufacture. Then you'll get auto insurance quotes from a variety of companies. This way, you'll get personalized quotes that save you money on premiums while still being the best match for your needs. It could be a painful experience both financially and emotionally if your car insurance claim is rejected by the insurance company. Too many claims get rejected by the insurance providers daily.
The reason behind the rejection of a motor insurance claim could be many. In most cases, our own negligence results in the rejection of an auto insurance claim. Car insurance claims are filed to seek compensation from the insurer in case of any damage or loss to the vehicle. A rejection of a car insurance claim could mean that you will have to pay the repairing costs from your own pocket. So in this blog, I’ll discuss here the top 5 possible reasons behind the rejection of your motor insurance claim: 1. Driving Under Influence: Motor insurance is important in case of an unfortunate accident or theft. If the car insurance company finds out that the mishap happened because you were driving under the influence of alcohol or drugs, your vehicle insurance claim will be turned down immediately. 2. Invalid License: Your car insurance claim may be rejected if you don’t have a valid license. If your license is fake or has expired, or you have a license for a different vehicle category, your motor insurance claim may get rejected. 3. Your Own Negligence: The motor insurance company will not pay a single penny if they find out the damages to your car caused from your own negligence such as starting your car engine in a water-logged area etc. In such circumstances, your car insurance claim may get rejected. 4. Failing to Inform on Time: You must inform your car insurance provider within a stipulated period if your car gets stolen or meets an accident. Failing to inform the vehicle insurance company within time may result in the denial of your car insurance claim. 5. Repair of Your Car Before/Without Informing the Insurer: Car insurance companies in India are not obliged to cover any damages if your car undergoes any repair before your car insurance provider is informed. In such cases, the car insurance company needs to estimate the cost of repairing in advance. So here are the top 5 reasons why your insurer could reject your car insurance claim. Make sure you keep these in mind and then file a claim. Meanwhile, you can click here to check out some of the top car insurance plans online and compare them based on your requirement. Commercial Vehicle Insurance is a tailored motor insurance policy. This policy is purchased to cover the losses and damages caused to or by a commercial vehicle and the respective owner-driver. Such losses and damages could include situations like natural calamities, collisions, accidents, fires, etc.
Keep in mind that for all businesses, it is mandatory to buy commercial vehicle insurance for their vehicles like taxis, auto-rickshaws, school buses, commercial vans, tractors, cabs, trucks, etc.
There are a number of providers of commercial vehicle insurance policies in India. However, if you want to avail the best coverage for your commercial vehicle, it is important to compare different commercial vehicle insurance plans online. Cars nowadays have become more of a matter of passion than necessity. It isn’t hard to find anyone on the street with a car flaunting their four-wheeler vehicle. Cars similarly impose us to several threats such as an accident, and since the vehicle runs on only two wheels, it is very much prone to dangers than a four-wheeler.
This is why Car Insurance policies are designed to provide you comprehensive protection against several unforeseen events that you could encounter in the course of your ride. Now let's find out some of the unique benefits that you can avail with your car insurance renewal below:
It’s always advisable to compare different car insurance plans to avail the best coverage at the lowest guaranteed premium. Meanwhile, you can click here to find out your ideal car insurance plan for the best price. Car Insurance Coverage
Generally, there are two types of car insurance plans – Third Party Car Insurance Plan and Comprehensive car Insurance Plan.
A comprehensive car insurance coverage also provides personal accident coverage to the owner-driver of the insured vehicle. The amount of personal accident coverage depends on the severity of the accident and injury. In case of total loss of vision, death, loss of two limbs, loss of vision in one eye and one limb and Permanent Total Dismemberment, the plan provides 100% coverage. In case of loss of vision in only one eye or only one limb, online car policies pay out 50% compensation. There’s no way you can run away from having a car insurance policy in India since the third party car insurance policy has been made mandatory by the government. However, most of the people choose to go for a car insurance policy that comes at a lower premium to save money. This could lead to serious problems when you file a car insurance claim to get compensation from the motor insurance company in case of accidental damage or loss.
This is why the comprehensive car insurance policy recommended. You can also go for a number of add-on covers to enhance your coverage, if you are willing to get the best car insurance policy at a lower premium, you must make sure that you compare car insurance online. Comparing car insurance is the best way to find the best coverage at a premium of your own affordability. There are a number of websites nowadays in India that offers free comparison and online car insurance purchase and renewal. GIBL.IN is one of the best online insurance comparison portals where you can independently compare a number of plans on offer from different insurance providers at the click of your mouse. Now let’s find out the importance of comparing car insurance and all the benefits you can avail when you compare car insurance below:
IFFCO Tokio General Insurance Company Limited is one of the most popular general insurance companies in India. The company has a number of top general insurance products on offer.
Car insurance policy from IFFCO Tokio General Insurance offers a number of unique benefits and features:
However, it’s advisable to compare IFFCO Tokio car insurance with other insurers to avail better coverage at a lower premium. At GIBL.IN you can renew your IFFCO Tokio car insurance plan at the click of your mouse and avail attractive discount on premium. Car insurances are of two types:
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