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What is Insured Declared Value (IDV) and How to USE IDV Calculator?
Table of Contents What is IDV Full Form? What is IDV in Insurance? Calculation of Insured Declared Value (IDV) Depreciation Rate of the vehicle Importance of IDV How to calculate the insured declared value? Points to remember while calculating IDV Motor insurance is a compulsory requirement to ply your vehicle on Indian roads. When it…
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What is Commercial Vehicle Insurance? Benefits, Coverage and Full Policy List
Every vehicle plying on the Indian road needs to be mandatorily insured. If you are running a business, Insurance is needed for commercial vehicles also such as passenger-carrying vehicles, goods-carrying vehicles, and miscellaneous vehicles such as Cranes, Trailers, and tractors. It is important to have comprehensive coverage for commercial vehicles as road mishaps can result…
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6 Tips On How College Kids Can Lower Their Car Insurance
As a college student, you are always looking for options to save money. If you are a kid with a car, the petrol costs must already be burning a hole in your pocket. What is disheartening is that the car insurance premium for a student is higher than that of any adult older than a…
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Everything First-Time Car Buyers Must Know About Car Insurance
Your first car always brings a sense of euphoria, it brings a sense of freedom and independence. It also means that now you are responsible to inculcate good driving practices and ensure the upkeep of your car. Among the many decisions that you need to make, one additional decision would be regarding the car insurance…
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5 Easy Ways to Increase the Cost-Effectiveness of your Car Insurance
A car has become an indispensable part of the modern-day lifestyle. It facilitates easy commute, is cost-effective and convenient. In fact, in 2021, even despite the shortage of semi-conductors car sales grew by 27% (Source: TOI) and crossed the 30 lakh units milestone, a feat repeated only three times in history so far! While the…
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5 Best Add-on Car Insurance Covers in 2024
Comprehensive car insurance plans allow all-around protection for your beloved car. These plans cover the mandatory third-party liability and also give financial assistance if your car is damaged or stolen. To add icing to the cake, comprehensive car insurance plans also offer optional add-ons so that you can further widen the coverage as per your…
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Everything You Need To Know About Electric Car Insurance
Flaunting an electric vehicle has become a new trend all over the globe. Speaking of India, they are gaining a lot of momentum in the entire market. This is because of the number of benefits it covers. Generally, electric cars are low maintenance, easy to drive, noiseless, and help you save tons considering the increasing…
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Disadvantages of letting your Car Insurance Lapse in 2022
The New Year brings along new promises, new challenges and new beginnings. It motivates everyone to make better life resolutions. If you are a car owner, make a new year’s resolution in 2022 to not let your car insurance policy lapse at any time. Yes, it’s common to break the New Year’s resolution, but this…
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Comprehensive Vehicle insurance will make New Vehicles Costlier!
Comprehensive car insurance can be worth every penny, especially in the event of any unforeseen incident happening and your vehicle undergoing severe damage. However, there could be a drastic revamp, albeit in the future, in the car insurance policy designs and design of a new risk model which will enable comprehensive coverage for all new…
