Car Insurance - Must remember these things!

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BETTER CAR INSURANCE
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Car Insurance - Must remember these things!

• Traffic and rising costs of car repair are
  the indicators of a valuable vehicle insurance.
  We all usually take good care of our Vehicle. As
  vehicle insurance is mandatory by law, every
  vehicle owner must know the features and factors
  of vehicle insurance premiums.

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• Features of vehicle insuranceA comprehensive
  policy cover is more valuable in addition to a
  third party liability cover. It is better to
  check online for insurance providers, as there
  are many insurance agents approaching you at the
  first place. Your new car dealer may advice you
  for an insurance. Insurance is usually expensive
  from a vehicle dealer. Seek quotes from different
  insurance companies.

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• Make sure you read the insurance documents
  carefully - Car insurance has its own list of
  frills. Insurance policy includes damage/loss of
  your vehicle due to natural calamities, theft,
  accident and terrorist activities. Also
  covers risk against riots, strikes and
  loss/damage while in transit. By paying
  additional premium accessories like music
  system, air-conditioner, etc can be covered.
  Vehicle insurance covers only book value of the
  damaged parts. Premiums are paid by you annually.
  The insurance company pays for cost of damaged
  parts which needs to be replaced and the minimum
  labour cost to repair vehicle. Depreciation for
  rubber/plastic/nylon parts is calculated at 50
  30 in case of fiber glass components.

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• The insurance doesn't include consequential loss,
  depreciation, mechanical and electrical
  breakdown, failure or breakage. Insurance is not
  valid when vehicle is used outside the
  geographical area.
• Premium determining factors

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• The Insurance premium rate depends on model,
  cubic capacity, area or locality of registration,
  expected usage in terms of mileage, theft rate,
  age of vehicle,, safety threat, etc. A new
  vehicle means higher Car insurance premiums. Even
  a good driving record keeps your premium at low
  rate. Commercial use of your vehicle will push up
  the premium rates.
• Insurance Claim ProcedureIn case of accident,
  following documents are a mandateProof of
  insurance policy
• Original and a copy of Registration Book.
• Original and a copy of Driving License of the
  person driving the vehicle at the time of
  accident.
• FIR in case of accident involving Third Party
  Injury or Damage.
• Claim form along with the original estimate of
  repairs obtained from the workshop.

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• After submitting the documents, the inspector
  verifies the damaged parts and authenticate the
  estimate of repairs. The car can be repaired,
  once the inspection gets done. In case your car
  is stolen, you need to inform about the theft to
  the nearest police station and your insurance
  company immediately.
• Source from http//traffline.blogspot.in/2013/02/
  car-insurance-must-remember-these-things.html

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