Car Insurance
Policy Renewal
insuranceMotor Insurance FAQs on Cost, Premiums, Bonus, Discounts, Renewals Know about motor insurance, its costs, premiums, bonuses, discounts and more.
What if I forget to renew my auto insurance on time?
If a vehicle's auto insurance policy is not renewed, driving that vehicle is illegal. Also, if the vehicle has an accident, the insurance company will not pay out claims. All No Claims Bonuses will also be forfeited.
Can I renew my auto insurance with another insurance company?
You can renew your auto insurance with another insurer, including the bonus accrued at your earlier insurer.
Auto Insurance: Coverage
insurance-The risks covered by the Third Party policy include death or injury to a third party and damage to third party property. Liability in the case of death or injury is unlimited.
What are the risks covered by the Comprehensive policy?
The Comprehensive auto insurance policy provides cover for damage caused to the vehicle due to man-made or natural calamities.
What happens if a vehicle flees after injuring a third party and its license plate number was not legible?
Such hit and run accidents mean that no liability for insurance companies. The victim can be compensated by the Solatium Fund established by the Government.
Auto Insurance: Exclusions
What if my vehicle has an additional CNG/LPG kit?
An additional CNG/LPG kit fitted in a vehicle needs to be insured separately. Read to find out more.
Does the motor insurance policy automatically cover all my high-cost accessories such as music system, extra fittings, etc?
Accessories are not essential to the performance of the vehicle. Coverage for these accessories can be added separately in the insurance policy. This coverage is added over and above the IDV of the vehicle.
What motor insurance covers vs. What it excludes
Motor insurance covers natural and man made calamities, such as lightning, floods, and so on, third party legal liability, and personal accidents. It doesn't cover normal wear and tear, depreciation etc,