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Did You Know that Your Car Type Could Decide Your Car Insurance Premium?
Buying car insurance enables one to hedge the risks that may arise due to damage or accident. It could be a very expensive affair to pay for an accident or damage out of your pocket. Car insurance is often considered complex as the terminologies may be tough to comprehend. By understanding these terms, we can…
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Ways to Find Policy Number using Vehicle Number
A car insurance policy is mandatory under the Motor Vehicles Act, 1988. That is why if you are buying a car or have one, you are required to have a valid car insurance policy on the same. There are two types of car insurance policies generally offered by the insurance companies – third-party liability, which…
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How to buy best taxi insurance online in 2024 – Ultimate Guide
Taxis are the means of public transport that help you travel from one place to another if you don’t own a vehicle or if your vehicle is otherwise unavailable for commuting. Taxis are commercial vehicles, also called Passenger Carrying Vehicles (PSVs). Thus, they have to fulfil the traffic rules and regulations to run on Indian…
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Hypothecation Meaning in Car Insurance: Everything You Need To Know
A car has become a need in today’s age as it gives you the convenience of travelling from one place to another. You can buy a new car or a used one depending on your needs. However, paying for a car is no mean feat. You need considerable funds at your disposal to buy a…
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All You Need To Know About Used Car Insurance
Buying a used car has its benefits. You can get a car within your budget and even test your driving skills with a used car. Moreover, if you are looking to own a premium or a luxury car and do not want to invest a considerable amount of money in the same, you can own…
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Own Damage Car Insurance
A car insurance policy is mandated by the Motor Vehicles Act, 1988. The Act states that every car in India should carry valid third party coverage. This coverage protects third party interests. It pays the liability that the car owner suffers if the car hurts or kills any third party or damages third party property.…
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Difference between Zero Depreciation & Comprehensive Car Insurance
A car insurance policy is a mandatory requirement under the Motor Vehicles Act, 1988. However, the Act mandates only a third party cover which protects third party interests in any contingency. If you want to secure coverage for the damages suffered by your own vehicle, you should opt for a comprehensive policy. Furthermore, to expand…
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Own Damage Insurance – Standalone Policy Meaning, Benefits, Coverage and Claim Process
Table of Contents Own Damage Insurance Meaning Benefits of Own Damage Insurance Eligible to buy Own Damage Insurance? Who Should buy Own Damage Cover? Inclusions in OD Insurance Exclusions in OD insurance Calculating Own Damage Premium? Car insurance calculator Tips to Reduce Premium Factors affecting own-damage car insurance premium Renewing Own Damage insurance policy? Add-on…
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Insuring your Car during the Pandemic? Ensure coverage against Fire, Theft and TP
Work from home became a common phenomenon as the COVID pandemic resulted in lockdowns and social distancing. Even though the lockdown norms have eased up in many places, companies are still promoting the work from home model to ensure safety. Moreover, many individuals have cut down on socialising and lifestyle activities due to safety concerns.…
