Here are a few things to keep in mind while renewing car insurance, how you can save. Apart from this, considering the condition of the car, make sure to update the plan. Sometimes renewing from
New Delhi . Insurance cannot drive any vehicle. It is very important for the safety of the people as well as for the vehicles. After taking an insurance policy while buying a car, very few people pay attention to it. While renewing it again, most people get insurance from a third party or a local company to avoid invoicing. Doing so can cause heavy damage to them in case of an accident. Not only this, many times people’s lives are lost due to not getting treatment at the right time.
To avoid these hassles while making an insurance claim, it is important to pay attention to five main things while renewing it. Which will help you in choosing the right policy.
How to avoid extra charge
Most of the people renew the insurance policy only after it expires. In such a situation, they may have to pay a fine of up to Rs 2000 as extra charge. Most of the people take insurance policy online by visiting petrol pump or cyber cafe. In such a situation, they do not have good information about the company and about the plan. If you are also going to get renewed, then you can do it by yourself sitting at home with the help of smartphone. Not only this, it will also save you from extra charges.
Upgrade plan depending on the condition of the vehicle
The value of the car decreases from year to year. Not only this, slowly with time, it also starts to malfunction. It is very important to keep this in mind. Actually, by keeping these things in mind while taking an insurance plan, you can save extra expenses on the vehicle. This also increases the value of the vehicle. Keep upgrading the insurance plan as per the time. However, you may have to pay more as premium for this
Insured Declared Value (IDV)
The insurance policy itself gives information about the value of the vehicle. There are also some companies that charge very less for their vehicles. Not only this, they refuse to pay the claim even in the event of natural calamity and theft of the vehicle. Therefore, it is important to pay attention to the IDV i.e. Insured Declared Value while renewing the insurance. The amount you have to pay for the insurance completely depends on the insured declared value.
Up to 20– 50% off
NCB i.e. No Claim Bonus is issued by the company while getting the insurance done. According to the old policy, if you have not taken any kind of claim, then you can get a discount of 20 to 50% while renewing. Very few people pay attention to this. If you are getting insurance not from yourself but from someone else, then definitely find out about NCB from them. In such a situation, you will be able to save thousands of rupees very easily.
Don’t know about insurance company
There are many insurance companies who harass people while giving claims. At times, these companies categorically refuse to pay the claim. In such a situation, you can get rid of it by collecting the right information about the company from the time of getting insurance. Apart from this, be sure to check Garage Network Cashless. Under the cashless facility, after the accident, the vehicle can be repaired from anywhere, later the insurance company returns all this money to you
