Car Insurance - Buy - Renew Car Insurance Online or Get Quotes - Royal Sundaram

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Tips for Buying Car Insurance Online in India
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In India, buying car insurance is mandatory as
per the law. However, if you need to get a cover,
why not buy a plan that is worth the money. With
so many car insurance providers in the market, it
can be difficult to choose car insurance online.
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Here are some tips to help you out.
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Comprehensive Cover Most car insurance policies
provide a minimum of third-party insurance, which
means only the other person's damages can be
compensated and not yours in case of an accident.
However, buying a car in India is an important
investment. So, you would want this investment to
be secure and hence the requirement for
comprehensive insurance. It provides the cover
for both the third-party and own car's damages.
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Premium Payments Premium payment is an
important parameter for most car owners. People
usually go for lower premiums. But this should
not always be the case. It is important to check
what benefits are provided within the premium
cost and how justified your requirements are. If
the benefits meet all your requirements, it is
perfectly okay to go for an insurance plan with a
higher premium.
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Insured Declared Value The Insured Declared
Value or IDV is the cost that the insurance
service provider will pay you if your car is
destroyed in an accident and there is no chance
of any repairs. It is important not to confuse
the IDV with the car's resale value, as it is
just the maximum value of the car that your
insurance company will pay.
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The IDV differs from company to company, so you
should always compare and verify which IDV is
closest to the market price. Since the IDV of
your car comes into play only when it's destroyed
beyond repair, so you would want the IDV to be
closest to the market price.
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No Claim Bonus Your insurance company offers
No Claim Bonus or NCB as a reward for not making
any claims in a year. This reward can be
accumulated over the years or availed as a
discount on your premium payment. Just like
everything else, the NCB also varies from company
to company. So, it is important to compare and
check the same before buying car insurance.
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Claim Settlement Everyone wants a smooth
settlement cycle, especially while making a car
insurance claim, as you have paid it from your
pocket. But not every company can provide you
with the same. So, you should check the reviews
and feedback properly to understand how long it
takes to get your money back.

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Cashless Garage Network Most insurance
companies have a network of cashless garages. So,
it is better to check the list and verify which
ones are near your location. You should also know
how comprehensive the list is in terms of
coverage within your city or state.
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Conclusion You can consider several other
points however, the ones mentioned above are the
most common and can surely help make the right
choice.
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Thank You