Posts

Showing posts with the label insurance

4 FAQs related to Car Insurance

Image
  Purchasing insurance for your car is a meticulous process as you would want the best features in shielding your car from any sort of mishap or other disasters. Depending on your need and budget, you can either go for a comprehensive car insurance , or you can go for a third-party car insurance, which is obligatory under the Motor Vehicles Act of 1988. It is natural to have many questions before you even buy the insurance. Every car always goes through the what, how, why and when while they look for the insurance they need. To lessen your confusion, here are 4 frequently asked questions about car insurance:   1.       Do you get personal accident cover? If your car is involved in an accident, not only will it cause considerable damage to your car, you could get severely injured as well. In the event that your injuries cause partial or total disability or your death, having personal accident protection in your car insurance can be beneficial. This woul...

Here are 4 Exclusions of the Commercial Vehicle Insurance

Image
  There are various kinds of commercial vehicles that are utilized for various purposes. Trucks are utilised for the transportation of different types of goods and services. Buses and taxis are utilized for the transportation of people starting with one spot then onto the next. Vehicles like cranes, rollers, or cold storage vehicles are utilized for particular purposes. One thing which is undeniable, nonetheless, is that these vehicles cost a great deal and damage caused to these vehicles could hamper you monetarily and impact your business. Therefore you ought to get motor insurance for your commercial vehicles. The commercial vehicle insurance not only protects your vehicles, it also safeguards your business. However, there are exclusions in this insurance that you should be aware of. Listed below are 4 such exclusions of the commercial vehicle insurance: 1.       Vehicle associated with illegal activities Assuming the commercial vehicle that you o...

What is Third-party Insurance?

Image
  Third-party insurance, also known as act-only insurance, offers the policyholder financial protection against damages or injuries that may be caused to the third party by the policyholder in case of an accident. When the policyholder makes a claim on their insurance policy, the insurance company sends over a professional to look at the damage caused and estimate the cost needed for the repairs. In a third-party insurance policy , the insurance company offers coverage for the damages caused in an accident by the insured to the third party and not the insured person.  Here is a list of what is included in your third party insurance policy: The physical injury occurred during an accident Damages to the vehicle Any damage to property caused during an accident  Accidents resulting in loss of life A list of what is not included in third party insurance: Any accident that was caused by driving under the influence  If the driver is un...

3 Reasons why you should get a Commercial Vehicle Insurance

Image
  Transportation of goods is a very vital business, as it not only contributes to the development of the nation but also helps in avoiding any kind of shortage of goods. One of the most commonly used modes of transportation for goods is road transportation. From mini-tempos to trucks to trailers, these vehicles are used in the transportation of goods from one place to another. Usually, in the transportation business, the owner has their business insured but very rarely do they invest in insurance for their vehicles. As the vehicles face regular wear and tear and most of the vehicles used are old, it would benefit you as a business owner to have your vehicles insured as well. And here are 3 reasons why you should consider getting commercial vehicle insurance : 1.     It covers specific businesses Goods could be of any kind. It could be food or clothes or medicines. And each kind of good has its specific kind of transportation. So if you are transporting goods like med...