q : What is Car policy policy ?
Ans: Car Insurance is a type of four wheelwright insurance policy that provides fiscal coverage to the beneficiary of the car policy if your car is damaged in an accident or natural calamity. A cable car insurance policy helps to save you money if you ‘re involved in an accident or the vehicle is damaged in some way .
Q : When should you renew car policy policy ?
Ans: The policyholder should renew his car policy before the death of his existing policy. This will ensure that there is no break in in policy and you can continue to avail benefits such as no claim bonus .
q : What is Zero Dep in Car indemnity policy ?
Ans: Zero Dep refers to Zero depreciation car indemnity. It is an addition cover that allows the policyholder to get compensation up to the insured declared value ( IDV ) or current market rate of the cable car without taking disparagement into account. You need to pay an extra premium come to avail benefits of zero DEP in your 4 wheeler policy policy .
q : How many times we can claim car insurance in a year ?
Ans: The limit to filing a claim for 4-wheeler insurance per year varies from one insurance provider to another. Most indemnity companies allow multiple claims in a year until the IDV is not exhausted. You should check your policy text file to know the exact issue of times you can claim your four wheel horse policy policy in a year.
q : What is bumper to bumper Car policy policy ?
Ans: Bumper to bumper cable car policy refers to the insurance policy that provides complete protection to the insure car without considering the depreciation of its parts. In other words, this type of four wheelwright indemnity allows the policyholder to obtain compensation up to the market value of the car in sheath of damage or loss to the car. however, it attracts about 20 % higher premiums than your even 4-wheeler insurance policies .
q : What is IDV ( Insured Declared Value ) in Car policy policy ?
Ans: Insured declared value ( IDV ) is the maximum amount to be paid by an insurance company at the prison term of a claim if the vehicle is a total personnel casualty or stolen. It is the union guarantee and is fixed at the beginning of the policy period for each guarantee fomite .
q : If I fit CNG or LPG kit in my car, is it necessary to inform the Insurance Company ?
autonomic nervous system : If you get LPG or CNG fitted in your car, you have to get it endorsed in your car registration Certificate or RC. then, inform your insurance company about the change to get it endorsed in your four wheelwright policy policy. As the cost of the premium total will differ basis on the fuel type of your car .
q : How can I add/delete Hypothecation in my Car indemnity policy ?
- To add hypothecation in car insurance policy: Letter from the bank or financer/endorsed RC copy has to be submitted at the office of the insurance company.
- To delete hypothecation in a motor insurance policy: No objection certificate (NOC)/endorsed RC copy has to be submitted at the office of the insurance company.
associate in nursing : Hypothecation is used for creating charges against the security of movable assets. The possession of goods remains with the borrower. For example, in the case of a car loanword, the fomite remains with the borrower, but the possession is hypothecated to the bank. It means the trust has a right to sell the vehicle if there is any nonpayment in repaying the car loan. In lawsuit of a speculate vehicle, it is significant to obtain NOC from the financer if the requital has to be obtained by the policyholder. otherwise call sum will be paid to the financer for losses to the cable car other than larceny .
q : What are the risks covered by the comprehensive car policy ?
Ans : Your comprehensive policy policy covers- Liability to the third base party, accident by external means, ardor, explosion, self-ignition, lightning, riots, strikes, terrorism, malicious acts, earthquake, flood, storm, landslide, transit by rail, road, waterways, vent or lift, burglary, larceny or housebreaking .
q : What is a cashless facility in cable car insurance ?
associate in nursing : Cashless facility means you don ’ t need to pay anything for the haunt of your car. alternatively, your insurance ship’s company will directly pay the bill amount to the garage. If your insurance company offers the cashless facility, all you have to do is take your vehicle to the prefer workshop of the policy company. The workshop will contact the insurance company and settle the repair placard with them .
q : How IDV is calculated in vehicle indemnity ?
Age of the vehicle Depreciation value in % Not more than 6 months 5 More than 6 months but below 1 year 15 More than 1 year but below 2 years 20 More than 2 years but below 3 years 30 More than 3 years but below 4 years 40 More than 4 years but below 5 years 50
The applicable depreciation on vehicles, which are obsolete or aged over 5 years, varies from one insurer to another. autonomic nervous system : The IDV is calculated by subtracting the depreciation on the car from the manufacturer ’ second listed betray price of the cable car model. The manufacturer ’ s selling price includes local duties/taxes but excludes registration and insurance cost. Different depreciation slab to calculate the IDV are detailed below : The applicable depreciation on vehicles, which are disused or aged over 5 years, varies from one insurance company to another .
q : What is No Claim Bonus ( NCB ) in Car indemnity policy ?
associate in nursing : No claim bonus ( NCB ) is a rebate on renewal premium offered by policy companies if the vehicle owner has not made a individual claim throughout the previous motive policy policy term .
q : What happens to the centrifugal policy policy if I sell my car ?
- You need to get a sale affidavit made with details of the transfer, details of the new owner and details of payment. It should be notarized and signed.
- Fill up the RTO transfer forms and obtain a clearance certificate from your Regional Transport Office (RTO).
- Fill up the new proposal form
- Attach the documents listed above
- Submit it to your insurer
- The policy will be transferred within 14 days
autonomic nervous system : If you sell your car, you need to transfer your four-wheeler policy policy to the name of the new owner. You can follow the steps given below to transfer your drive policy to the fresh owner :
q : How do I get a duplicate copy of my car policy policy on-line ?
associate in nursing : You can get a double copy of your four-wheeler policy policy on-line by downloading it from your drive insurance company ’ s web site. All you need to do is log into your account on the web site and enter the compulsory details to get a transcript of your policy on your e-mail. You can download the duplicate policy from the electronic mail sent to you .
q : How can I check the handiness of a four-wheeler policy plan ?
autonomic nervous system : In case you want to know the handiness of a car policy plan, you can check it on the insurance company ’ s web site or by contacting them over the earphone. You can besides check the handiness of four-wheel insurance plans by multiple insurers at brokers websites, such as policybazaar.com .
q : How can I download a car insurance certificate/ policy ?
- Visit the website from where you had purchased insurance for your car
- Go to the option of downloading the policy online or log into your account on the website
- Enter your policy number and other requested details, including your mobile number and email id
- Your insurer may send an OTP on your registered mobile number
- Enter the OTP in the provided space and submit it
- The insurer will send the copy of your 4-wheeler insurance policy/ certificate on your email id
- Download your vehicle insurance policy/ certificate from the email
associate in nursing : Follow the bit-by-bit routine given below to download your car policy/ certificate on-line :
q : Where can I find my cable car insurance policy number ?
- You can find the policy number on the insurance certificate or policy document issued by your motor insurer.
- You can check it online if you have an account at the insurer/ insurance brokers’ website.
- If you purchased your four-wheeler insurance through an agent, you can ask him/ her to tell you the policy number.
- You can also visit your insurer’s nearest branch or call them to know your policy number.
- You can check it at the website of the Insurance Information Bureau (IIB), which maintains the record of all motor insurance policies in India.
associate in nursing : There are multiple ways to find your vehicle insurance policy number :
q : What to do if there is a mistake in my car policy document ?
autonomic nervous system : In sheath there is a err in your car policy document, you should immediately notify your insurance company about it. Provide testify of the chastise information and request your insurance company to rectify the mistake. Once the insurance company receives the attest, they will pass an endorsement or issue a newly policy document with the correct data .
q : Is an on-line car insurance policy a valid text file ?
autonomic nervous system : Yes. A four-wheel insurance policy document issued on-line is legally valid under the motor laws of India. however, make certain that the policy has been purchased from an IRDAI registered indemnity company or broker web site .
q : What should I do if I lose my on-line cable car policy ?
- Immediately inform your motor insurer about the loss of your car policy document
- File an FIR with the Police regarding the loss of the document
- Write an application to your insurer requesting them to issue a duplicate policy document. Mention details, such as policy number, your name, issuance date, how you lost the policy, etc., in the application letter
- Publish an advertisement in a state newspaper mentioning the loss of your policy document
- Get a notarized indemnity bond, stating your full name, with signatures of two witnesses
- Submit the application letter, indemnity bond and copy of the FIR to the insurer
- After receiving all the documents, your insurer will issue the duplicate policy document
You can also download a copy of your online policy from your insurer’s website by providing the required details. associate in nursing : If you have lost your on-line policy document, you need to apply for its extra replicate. Follow the steps given below to obtain a duplicate four-wheeler indemnity policy : You can besides download a copy of your on-line policy from your insurance company ’ mho web site by providing the necessitate details .
q : Do I need to file an FIR to raise a car indemnity claim ?
autonomic nervous system : Under certain types of claims, your motive insurance company may need you to file a first Information Report or FIR with the Police as separate of the claim serve. For example, claims arising out of car larceny or third gear party liabilities will require a Police FIR. On the early hand, claims arising out of car damages due to natural calamities may not need a Police FIR .
q : How long does it take to settle a car indemnity claim ?
autonomic nervous system : There is no standard time period for all policy companies to settle a vehicle indemnity claim. The claim village period varies from one insurance company to another. For example, one insurance company may settle your claim within 7 days whereas another one may settle it within 14 days of raising a claim. furthermore, claims with complexity normally take more time to be settled than simple claims, such as a car incision.
q : How can I check my car insurance policy status ?
associate in nursing : To know the status of your four-wheeler indemnity policy, you can check the policy startle date and termination date mentioned in your policy document. Your policy will be active or valid in the period between the policy begin and death date. On the other hand, your policy will be inactive before the start date and die after the termination date .
You can besides check the condition of your policy on-line on the web site of the Insurance Information Bureau ( IIB ) or VAHAN e-services. You only have to enter the details of your car on either of the websites and submit them. The details of your car policy policy, including the policy death date, will be displayed .
q : How can I transfer the four-wheeler policy policy to my appoint ?
- Fill up Form 28, Form 29 and Form 30 available with the RTO bearing the previous policy owner’s signature
- Submit the filled-in forms to the RTO along with the proof of vehicle sale
- Get the Clearance Certificate from the RTO
- Submit the required documents to the motor insurance company, including application form, old policy document, original RC with your name on it, NOC from the previous owner, etc.
- Pay the transfer fees
associate in nursing : To transfer a vehicle insurance policy to your diagnose, you need to follow the steps given below : The policy will be transferred to your name and a modern policy document will be issued to you .
q : How retentive does it take to buy/ reincarnate car policy on-line ?
associate in nursing : One of the benefits of buy or reincarnate car indemnity on-line is that it is a debauched serve and does not take a draw of time. If you have all the required details about your four-wheeler and the previous policy handy, you will not take more than a few minutes to buy/ renew your car policy on-line .
q : How can I renew run out cable car policy on-line ?
- Visit the website from where you want to renew car insurance
- Go to the option of online policy renewal for cars
- Enter your expired policy number and other requested details
- Review the details of your vehicle
- Select the type of policy coverage
- Upload the pictures of your car (in case of self-inspection)
- Pay the policy renewal premium online
- Your expired car policy will be renewed
autonomic nervous system : At the time of renewing your exhale cable car policy, your vehicle may need to undergo an inspection. While some insurers allow self-inspection, others may send a surveyor to assess the condition of your car. In the second case, you will have to schedule a surveyor appointment by contacting your insurance provider. Once the sketch is complete, follow the steps given below to online renew your exhale four-wheeler indemnity policy :
q : How much time will it take to get my policy document if I buy/ regenerate car policy on-line ?
autonomic nervous system : If you have purchased/ renewed four-wheel policy on-line, you will most likely receive your policy document on your registered electronic mail id within a few minutes of paying the premium .
q : Is it safe to online renew a car indemnity policy ?
autonomic nervous system : Yes, on-line car indemnity reclamation is absolutely safe. In fact, on-line buying/ renewal of policy is considered safer than the offline method acting because of batten payment gateways that reduce the chances of fraud .
q : What is the monetary value of renewing a car policy ?
autonomic nervous system : The cost of renewing your 4-wheeler policy policy depends on several factors, such as the age of the car, its locomotive cubic capacity and the make & exemplary of the cable car. The type of indemnity coverage you choose and the geographic area where you drive your car besides determine your premium. furthermore, the choose accessory covers, deductibles and your No Claim Bonus besides affect the refilling premium of your indemnity policy .
Q : Does cable car policy binding passengers ?
autonomic nervous system : largely, centrifugal indemnity companies do not cover passengers travelling in the see vehicle under four-wheeler insurance in shell of an accident. entirely the owner-driver of the cable car is covered for personal accident. however, passenger cover is offered as an accessory by drive insurers in India to provide personal accident breed for the nameless passengers travelling in the car .
Q : Does a cable car indemnity policy brood tire damages ?
Ans : Most motor insurance companies alone cover accidental damages to the vehicle ’ second tyres under four-wheeler insurance. Any non-accidental personnel casualty or damages to the tyres ascribable to wear and tear are not covered. however, you can buy a tire protect accessory traverse to keep any non-accidental passing or damages to your car ’ sulfur tyres covered under your four-wheel policy policy .
q : Will my car policy cover electrical fires ?
autonomic nervous system : Yes. any loss or damages caused to your car due to electric fires ( or fire resulting out of a short-circuit ) are covered under four-wheel insurance .
q : What is the insurance claim routine in font of car larceny ?
- File an FIR with the Police as soon as your car gets stolen
- Intimate your insurer about the theft of your car
- Inform your RTO about the theft
- Submit all the required documents, including the claim form, FIR copy, RC, etc., to the insurer
- Obtain the No Trace report from the Police
associate in nursing : In case your car has been stolen, you must file an policy claim with your motor insurance company at the earliest. Take a spirit at the process of filing car larceny claims under four-wheeler insurance below : The insurance company will process your claim and pay the IDV of your car in about 90 days .
q : What should I do to cancel my claim ?
associate in nursing : You can cancel an insurance title by contacting your centrifugal insurance company and informing them about your decision to cancel it. You can besides speak to your vehicle surveyor about cancelling the claim in font there is an inspection scheduled.
however, you can not cancel any third-party liability claims with your insurance company where you are at fault for causing accidental third-party passing or damages .
q : What will happen to my No Claim Bonus if I renew my exhale car policy ?
associate in nursing : If you renew your die four-wheeler insurance policy within 90 days of the policy death date, then your No Claim Bonus ( NCB ) will remain integral. however, if you renew the run out policy after 90 days, you will lose your NCB .
q : What is the penalty for driving without valid cable car indemnity nowadays ?
associate in nursing : If you are catch driving your cable car without a valid insurance policy for the first time, you will be liable to pay a penalty of Rs 2000 or/and will be jailed for up to three months. In character you are caught without valid cable car indemnity for the moment time, you will have to pay Rs 4000 as a fine or/and serve up to three months in jail .
Q. Will my insurance company cover the accident caused by person else while driving my car ?
Yes, your motive insurance company will cover the accidental damages caused to your car when person else is driving, provided you had allowed that person to use your vehicle. This is because cable car insurance covers the liabilities arising out of the guarantee vehicle and not the policyholder. however, your insurance company may not cover third party liabilities resulting from this accident and ask the person at fault to pay for them if he/she has a cable car policy policy. consequently, you must check with your insurance company if you face such a site.
Q. Should I raise a claim every time my car is damaged ?
No, you should avoid raising a call for minor damages to your car as it will impact your No Claim Bonus. You must raise claims alone for major car damages that you can not afford .
Q. If I buy raw accessories for my cable car in the middle of the policy term, will they be covered ?
Yes, you can get your newly purchased car accessories covered under your policy policy in the center of the policy tenure. however, you will have to write an application to your insurance company requesting them to pass an endorsement to cover them in your policy. You may have to pay an extra agio as your original policy coverage will get altered. After you have shared the details of the accessories and paid the extra premium, the insurance company will pass an endorsement .
Q. What will happen to my car insurance policy if I change my city ?
If you change your city, your car insurance bounty may get affected. This is because the agio for a car depends on the geographic placement where it is used. If you move to a more hazardous place, you will have to pay a higher premium. furthermore, you will besides have to update your touch details with your insurance company .