Car Insurance: Making the right choice
CHANNEL PARTNER WITH HDFC ERGO GIC LTD.
For anyone who either owns or drives a vehicle, car insurance is a necessary expense. Not only because it is mandatory by law but also because any damage to your car can burn a deep hole in your pocket. The cover level of the car insurance can consist of the insured party, the insured vehicle, third parties (car and people). Insurance is a compulsory requirement for any vehicle irrespective of if it is used for commercial or personal use. The premium for car insurance is determined by a number of different factors like age, occupation, vehicle classification, state, insurance type (new or renew), year of make, etc.

Car insurance policy provides coverage for loss or damage to a vehicle due to catastrophic events like:
- Accident by external means
- Burglary, House Breaking or Theft
- Fire, Explosion, Self Ignition, Lightning
- Terrorism, Riots, Strikes, Malicious Acts
- Transit by road, rail, inland waterways, air or lift
- Earthquake, Flood, Storm, Landslide or Rockslide
Before signing any document for car insurance, it is advisable that you read the offer document very carefully and take note of any ambiguity. Never sign any document until you are totally comfortable with the information provided. Do read the fine print before making any judgment.
For claiming auto insurance the following documents tare required:
- Duly signed claim form
- Registration Certificate copy of the vehicle
- Driving license copy
- FIR copy
- Original estimate
- Policy copy
