Wednesday, 30 December 2015

Things to know before buying a car insurance policy

In case, you want to buy car insurance policy, it is crucial to ensure that you know about the plot. There are many motor insurance india plans available on the market these days. You need to know what each plot offers and how exactly the features will benefit you. Also compare a lot of quotes to know what each insurance company is offering you. Choose on a plot that fulfills your specific requirements and budget plot.

Car insurance india is one of the most crucial legal aspects when buying car. There is no dearth of vehicle insurance corporations that present you with a selection of car insurance policies. One requires being extremely cautious while buying a car insurance india for the reason that it will determine the extent of cover under the event of any mishap that hurts the car or the driver. Stated below are a few things that you must consider before you buy car insurance policy.

Cover Requirement

It is crucial to know the type of cover you want. You should also know the minimum cover requirement as per the law. You can get this info on various insurance company sites.


Do not buy car insurance policy from the first company that encounter with. It is suggested that you indulge in obscure shopping for quotes with different companies. You should compare the quotes in conjunction with features provided by each plot before small listing the prospective insurance india service provider.

Background check

This is crucial and highly recommended read and know the market standing of insurance company in your prospective list. Try to visit a number of review forums and consumer forums to avail a first-hand feedback about financial standing of the company and their service patterns.

Declared value

Your insurance cover majorly depends on the insurer’s declared value or IDV. This value is determined by your insurance corporation. It is suggested that you investigation and know the limit that influence the IDV.

Know your policy

It is crucial that you know the exact nuances of your car insurance india policy. It is best to elucidate all your uncertainties before you sign the dotted line.

Fine print

Consumers usually tend to ignore the fine print. It is vital that you read the fine print carefully. Most of the disclaimers are in fine print. Hence, make sure you don’t miss out on them.

Claim calculations

You need to check with your agent about the claim calculation procedure. Claims are usually paid on downgrade value of the car hence it is significant to verify what are standard depreciation slabs as stated by the law.



  1. Thanks Nishant for sharing this informative blog, it seems very helpful, i was looking for content about car insurance

  2. Thanks for the info on cheap car insurance or car insurance