A Car Insurance is a critical thing from the perspective of safety and make oneself financially secure .Other than this , we all know car insurance is a regulatory requirement if you are car owner in India. In larger metros where car parking spaces are rarely available, we are always forced to park our cars or four wheelers outside our home or office premises which increases the chances of theft, car insurance can actually act as real saviour.The financial loss associated with the car theft can be easily recovered from the claim settled by the car insurer. But the challenge here is finding the right car insurance policy that actually fits into your requirement.
Alike any other financial services product, a car insurance policy is also a very complex product to understand .Check below few things make you smart car insurance policy holders :
1) The first step towards smartness revolves around how you plan your car insurance requirements. There are around 32 general insurance companies in India which are offering their version of car insurance plans with differentiated premium.Since doing a complex analysis of car insurance plans available in the market through offline mode is critically tough , it is always recommended that one should buy car insurance online plans India. There are whole list of insurance comparison websites available today like myinsurancebazaar.com which can be used. In all these website you just need add few details mentioning your requirement and the technology does the rest.With the help of technology all these websites pull quotes from all insurance companies in one go so that one compare Car Insurance Online Policies india. from one single page ,see prices of premium and buy just following few clicks.
2) Another important thing that makes one smarter policyholder is the insurance declared value ( IDV) that is being considered while buying the policy.IDV is generally the maximum amount of value which an insurer will settle if you car is stolen and gone to a state from where it becomes completely irreparable.
3) Third most important factor is selecting a policy which offers cashless facilities in the city of your residence. A cashless facility takes away all the hassles associated with getting your car repaired when damaged during an accident. You don’t need to move from one to another plus you don’t need to shed any money from your own pocket and wait for your insurer to reimburse your bills.
4) The fourth most important factor is the add-on covers that you select while buy car insurance online plans India. You should remember that all add-on are not for everyone and it depends on the requirement of the policyholder. Unwanted add-on is just paying an extra and getting nothing against it.
