FAQs
Have Questions? Here You will find all the answers to your questions.
It’s like a promise between you and an insurance company. You pay them money (called a premium), and they promise to help if something bad happens to your car, like a crash or theft.
Think of it like a safety net. If something happens to your car, insurance can help pay for the repairs so you don’t have to pay everything yourself.
The price depends on things like how old you are, if you’ve had any accidents before, and what kind of car you have.
You can try to keep your driving record clean, choose a higher deductible, and see if your insurance company offers any discounts.
If you sell your car or two wheeler to another person, the car / two wheeler insurance can be transferred in the name of the buyer. The buyer (transferee) has to apply for transfer of insurance with the insurance company, within 14 days from the date of transfer of the car in his name and after making the payment of endorsement premium for the remaining period of the policy.
A comprehensive insurance policy provides protection to your vehicle due to any impact damage, fire, theft, earthquake etc. In addition to this, it provides cover against any third party liability in term of death, bodily injury and third party property damage.
No paperwork and physical documentation are required and you will get your policy instantly.
Yes, you can approach the same office which had issued the policy with a written request. A nominal fee will have charged for issuing a duplicate policy copy
Commercial vehicle insurance typically covers:
- Third-party liability: This covers bodily injury or property damage caused to others by your commercial vehicle.
- Own damage: This covers damage to your own commercial vehicle.
- Personal accident: This covers bodily injury or death to the driver and passengers of your commercial vehicle.
- Theft and fire: This covers loss of your commercial vehicle due to theft or fire.
Several factors can affect the cost of commercial vehicle insurance including:
- Type of vehicle: The type and size of your commercial vehicle will influence the premium.
- Usage: The purpose for which you use your commercial vehicle will impact the premium.
- Driver experience: The driving experience of your drivers can affect the premium.
- Claim history: Your previous claim history can influence the premium.
- Location: The location where your commercial vehicle is parked and operated can affect the premium.
A commercial vehicle fleet insurance policy is a single policy that covers multiple commercial vehicles owned by a business. This can be more cost-effective than insuring each vehicle individually.
A load insurance policy provides coverage for goods being transported in your commercial vehicle. This can be useful for businesses that transport valuable cargo.
A public liability insurance policy covers bodily injury or property damage caused to third parties by your business operations, including the use of your commercial vehicles.
- Comprehensive insurance: Covers both third-party liability and own damage.
- Third-party only insurance: Covers only third-party liability.
When choosing a commercial vehicle insurance provider, consider the following:
- Financial stability: Ensure the insurer is financially sound to meet your claims.
- Reputation: Look for an insurer with a good reputation for customer service and claims settlement.
- Coverage options: Make sure the insurer offers the coverage you need.
- Premium: Compare premiums from different insurers to find the best deal.
Typically, you’ll need to provide details about the incident, including the date, time, location, and any witnesses.
Claim settlement is the process by which an insurance company evaluates and pays out a claim made by a policyholder. This process varies slightly depending on the type of insurance (e.g., life, health, auto) and the specific circumstances of the claim.
What happens if I’m not satisfied with the settlement offer?
- If you’re not satisfied, you may have the right to file a lawsuit against your insurance company. However, this is a complex process and should be discussed with an attorney.
A claim adjuster is an insurance company representative who investigates your claim and determines the amount of compensation you should receive.
If your insurance provider denies your claim, you may have the right to appeal the decision.