General Insurance
General insurance or non-life insurance policies, including automobile and property policies, provide payments depending on the loss from a particular financial event
Motor Insurance
auto insurance means an agreement between a vehicle owner and an insurance company in which the policyholder pays a certain amount i.e. premium for a policy that gives economic coverage to the policyholder against losses in case the insured vehicle is damaged or stolen. The auto insurance policy covers loss of vehicle, damage to automobile, damage which your vehicle causes, and protection against liability if you will be sued after an accident. The premium amount is based on the make and value of the car, car registration state, and manufacturing year.
These liability damages can be of two types. First is when a bodily injury has been caused to a third person. Second is where the property of a third person and own car.
Why Vehicle Owner Needs Motor Insurance coverage ?
A typical vehicle insurance policy covers damages to third party and to self car but the products by a few private insurers offer a large number of other utilities to the policyholders, like:
- Depreciation Cover
- Engine Protection Cover
- 24X7 Road Side assistance
- Towing Facility
- Natural Calamities
- Direct settlement or cashless claims at network garages/service centres
- Fire, explosion, self-ignition or lightning, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, landslide, rockslide, earthquake (fire and shock damage
When Vehicle Owner Needs Motor Insurance coverage?
- Man-made Calamities like – Burglary, housebreaking or theft, riot, strike, accidental external means, malicious act, terrorist activity, whilst in transit by road, train, inland waterway, elevator, lift or air
- Third Party Legal Liability: It means that policyholder is insured against injury or death resulted by your vehicle to pedestrians, passengers and occupant of other vehicles.
- Two Wheeler Insurance – Similar to a Car Insurance, two wheeler insurance also provides protection to cars and bikes. The features of a two wheeler policy are similar to those of a car insurance.
- The policy does not cover: Pace making, Organized racing, Speed testing
Property Insurance
When we say property insurance, it’s a type of home insurance that provides protection coverage for property owners. Property insurance can help the owner avoid financial losses, which might occur due to damage caused to the property by natural calamities, theft, fire etc.
Property insurance plan is designed uniquely with affordable premiums to let you bask in the glory of protection and safety. Therefore, to safeguard your finances and protect your property from natural calamities, theft, accidental damage, etc., we recommend you buy property insurance and thereby avoid getting a big hole in your pocket due to unwanted scenarios
Why Do You Need Property Insurance?
It is necessary to buy property insurance to avoid any sort of financial burden that might occur due to damage caused to your home content/structure by fire, riots, natural calamities and other unforeseen events. Apart from this, there are numerous reasons to have a property insurance, which we will discuss below