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Showing posts with the label online car insurance

Know common information about car insurance

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 Car insurance in India is crucial for several reasons. Need car insurance? Get covered fast and easy! Whether you're looking for a new policy, renewing your current one, or exploring different coverage options, car insurance online is the convenient solution for you. Mandatory Protection: It's required by law to have at least third-party car insurance, which covers injuries and property damage to others in an accident you cause. Financial Security: It safeguards you from high costs if you're responsible for an accident. Repairs to your car and medical bills for others can be very expensive. Peace of Mind: Knowing you're covered allows you to focus on driving safely instead of worrying about financial burdens from potential accidents. What is the rule of IRDAI. The Insurance Regulatory and Development Authority (IRDAI) sets various rules for car insurance in India to ensure fairness and transparency for both policyholders and insurers. IRDAI mandates that all vehicle

Car insurance renewal after 15 years

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  Dusting off your old car after 15 years can be exciting, but don't forget about a crucial element – car insurance renewal. Renewing a policy after such a long hiatus comes with its own set of challenges. This guide will walk you through the process, ensuring a smooth renewal and proper coverage for your beloved vehicle. Potential Challenges of Renewing After 15 Years Policy Lapse and Reinstatement Penalties:  If your previous policy lapsed due to non-renewal, you might face reinstatement penalties when reactivating it. Changes in Car Value and Risk Profile:  The value of your car will likely have depreciated significantly in 15 years. Additionally, your risk profile might have changed due to age or driving habits. Limited Insurance Provider Options:  Some insurers may be hesitant to cover older vehicles, limiting your choices. Verifying Your Existing Policy and Coverage (if applicable): Locating Old Policy Documents:  Dig through your records to find your old policy documents.