Vehicle Insurance

In this rapid age of mobility in every field, Vehicle is the important mean to move you from one point to another. It does not only carry you but also your business, your social contacts. Your joys and the list go on.... what if you met with an accident or you got your vehicle damaged in earthquake? And you are not able to bear the repairing cost. Vehicle or auto insurance keep you free from this anxiety.

Types Of Vehicle Insurance Insurance for Two-wheelers like mopeds, motorbikes, motorcycles, scooters etc... Insurance for Private Cars used for domestic purpose. Insurance for Commercial vehicles like heavy-duty trucks, containers, trolleys, cranes etc. It Protects You From The Damages Due To

a.Natural Activities: Flood, storm, cold, high temperature, frost, cyclones, hurricane (Katrina, Rita, Ophelia) hailstorm, tsunami, fire, earthquake etc.

b.Technical Problems: Fire in engine, explosion of the vehicle due to internal fuel leakage, self-ignition etc.

c.Human Activities: External Accidental means, Hit and run, housebreaking, Burglary, or theft, Damage in riot or strike etc.

Choosing The Right Insurance Policy :

a. Most of the vehicle makers have collaboration with insurance policy providers, he will provide you free insurance policy for first few months or couple of years if there is any scheme. Don't be in hurry to choose the insurance company because ultimately you are going to end it up in paying premiums.

b. You need to have an idea what your policy benefiting you exactly. Have a look on the list of items that insurance policy provides in return for your premium.

c. Read the "terms and conditions" of the insurance policy carefully.

d. Dont let your doubts unanswered. Ask your doubts to insurance agent.

e. Compare these benefits with different options available in the market.

f. Your neighbor, office colleague or friend may also help you in choosing right option.

Premium Amount: The premium amount is based on the ex-showroom cost of the vehicle or the valuated amount in case of used or second hand vehicle. It can be also depend upon the policy of insurance company and the type of coverage you need under the policy. For example: your vehicle, its parts, passengers or the driver, third party (in case of accident).

Renewal of the Policy: Most of the policies are valid for one year. It will start to protect your vehicle from the date you paid your premium and will expire after a year. Insurance company will inform you about renewing the policy before it expires. If you are going to miss the chance, make a new policy again.

Claiming For The Insurance: Every policy has its own range of providing you insurance. Rules may vary from insurance company to company. Most of them dont cover very minor damage. The documents required to file a claim are. Insurance Claim form. Insurance Policy papers. Copy or Original. Vehicle Registration Certificate copy and vehicle driving license of the owner or driver. Copy of the estimated expenses for the repair in the garage. Police investigation report in case of third party damage. Fire brigade or relative department report, if the loss is due to a fire or such kind of natural cause. Take the photographs of damage or the situation if possible. After the submission of documents, insurance company inspector will examine your report, the vehicle and replaced parts. A final payment can be made to you or the third party or the garage owner.

Once you got done with your vehicle insurance policy, feel free to carry on your business and making your drive as a pleasant experience but also wish that you would never have to make a claim.