If you possess a car, it is also very important to get that vehicle insured. Car Insurance provides coverage against loss or damage to the insured vehicle. It also provides coverage against loss or damage to the vehicle caused by accident, theft, fire, natural calamities like earth quakes or storms, riots, act of terrorism.
It also provides coverage against financial liability caused by injury or death of a third party or damage to the property of third party.
If you are staying in Pune, it is very important to get know-how about vehicle insurance rules in city and then accordingly buy motor insurance in Pune.
There are many brokers and agents and online companies which provide you with the service. Most important is to understand what is being offered in the policy and how much premium has to be paid. Always ensure that you buy policy through reputed agents or brokers. Buying a good policy will safeguard the interests of the vehicle owner against above mentioned conditions which gets covered by the policy.
Mainly, the insurance is being offered for a period of one year but always keep it in mind to get it renewed after the policy expires. The premium amount of the car insurance in Pune is decided on the basis of Insured Declared Value of the vehicle or IDV as it is called in auto insurance lingo. If you increase the value of insurance declaration, you end up paying higher premium. It is advisable to compare all the options available before buying the policy.
Having a good insurance policy not only safeguards the interests of the vehicle owners but also prevents any financial liabilities if that occur due to issues pertaining to the vehicle like theft, or damage to the vehicle by third party. Many a times the claims get rejected also. So it is also important to consider and be aware of the circumstances under which the claims get rejected and the policy holder may have to pay from the pocket for any theft or loss incurred to the vehicle.
It is always advisable to compare the options offered by various companies for the vehicle insurance in Pune
before zeroing on the policy. Comparing policies may be tough task manually, but there are different tools available online which makes life easy for the vehicle owner.