Motor Insurance
Motor insurance is a mandatory vehicle insurance policy for vehicles like trucks, cars, jeeps, bikes, scooters, etc. With Motor Insurance, get comprehensive coverage against accidental damages and Third-party liabilities. Apart from that, it is also helpful at the time of natural calamity, theft, fire damage, vandalism, man-made disasters, etc. There are mainly three types of Motor Insurance covers available in India: third-party insurance cover, standalone damage cover, and comprehensive insurance cover. Here is a comprehensive guide explaining motor insurance, its meaning, types, and benefits.
Articles
Difference Between Own Damage and Third-Party Car Insurance
Own Damage (OD) insurance covers losses or repairs for your vehicle, while Third-Party (TP) insurance covers liability for injury or property damage caused to others. TP insurance is mandatory in India, whereas OD insurance is optional and offers extra protection for your car.
Does Installing GPS Reduce Bike Insurance Premiums? Benefits Explained
An ARAI-approved anti-theft device may help you qualify for a discount, depending on the insurer's policy. Discounts vary by insurer, but GPS devices help you in vehicle recovery, help you file claims faster and add another layer of security.
How to Change the Address in a Two-Wheeler Insurance Policy Online?
You can update the address in your two-wheeler insurance policy online by logging into your insurer's website, submitting valid address proof, and completing verification. Keeping your policy updated ensures smooth communication, timely renewals, and hassle-free claim settlement.
What Effect Does a Clean Riding Record Have on Bike Insurance Premium?
Having a clean riding record could positively impact your bike insurance rates because it indicates that you are a responsible rider. Numerous factors influence the rate of insurance premiums, but the lack of claims and violations will make you eligible for discounts on your insurance premiums.
How to Transfer Car Insurance to New Owner?
Car insurance transfer is the process of changing the policyholder details after a vehicle ownership change. The buyer must apply to the insurer with documents such as an updated RC, insurance policy, ID proof, and sale documents.
What Is Total Loss in Two-Wheeler Insurance? Meaning, CTL & Claim
A total loss insurance claim is when a two-wheeler is damaged beyond repair or stolen and not recovered. Sometimes it is called constructive total loss when the cost of repair exceeds the threshold set by the insurer, and it is not economically viable to repair.
Showing 1-6 of 118 results