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Buying a used car? Remember these 5 things
Used cars are steadily gaining momentum in today’s automobile industry. The reason is simple – individuals get to enjoy the comfort of a car without burning a hole in their pockets. For learners, used cars are better as they can practice their driving skills before investing in a good model. Thus, the used car market…
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Do you know about excess in your motor insurance policy?
A motor insurance policy has some technical concepts which are often not understood by the common folk. As such, when buying the policy the concepts are ignored and at the time of a claim, this ignorance results in a loss. So, it is always better to understand the important concepts of your motor insurance policy.…
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How to save money on your teen’s car insurance
Mr. Sharma wanted to gift a car to his son on his graduation ceremony. After all, his son was the topper of his institute! Though Mr. Sharma decided the car which he was going to buy he wanted to the cheapest car insurance policy on his son’s car. He didn’t know how to achieve what…
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All you need to know about personal accident cover in car insurance
There is no guarantee of safety on the road, and many factors can lead to irreparable damages at the time of such an unfortunate event. WHO states that India barely abides and follows its traffic and road safety rules, which leads to irresponsible driving. We may not know when the rules will become stricter in…
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Roles of insurance in trading a used car
There are many who buy a used car. Many prefer it to buying a new car as it saves them money. A used car makes an excellent value proposition for many people as compared to a new car. However, just like for a new car, a used one also needs insurance policy to support it.…
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How much car insurance do you really need?
It is only human to want more, isn’t it? The more the merrier. However, when it comes to car insurance policies, does having a higher insurance cover really make sense? How much car insurance do you really need? While the choice of the coverage level in a life and health insurance policy is in your…
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Ten common mistakes that make your car insurance expensive
A car insurance policy is a mandatory cover as per the Motor Vehicles Act, 1988. So, if you have a car you need to have a valid car insurance policy on it. Being mandatory doesn’t mean that the car insurance policy would be expensive. If you, however, feel that you are paying high premiums for…
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Most common #7 exclusions in a car insurance policy that you must keep in mind
When you buy a car insurance policy, which is mandatory by the way, you believe that you are covered against all odds. Since you have paid a hefty premium you get the notion that your insurance policy would cover you for all the possible contingencies which might strike. Right? Wrong! You should read the fine…
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Should You Increase IDV Of your car?
Car owners usually get confused about the car’s IDV when going for an insurance policy purchase. IDV or the Insured Declared Value is an important element when you are buying a car insurance. Hence you need to have adequate information about it to buy the best protection for your four-wheeler. What is IDV? IDV is…
