Sopela Business Market

Top Menu

  • Home
  • Mail us

Main Menu

  • Home
  • Advertising
  • Business
  • Corporate
  • Entrepreneurs
  • Industry
  • Marketing
  • Media
Sign in / Join

Login

Welcome! Login in to your account
Lost your password?

Lost Password

Back to login

logo

Sopela Business Market

  • Home
  • Advertising
  • Business
  • Corporate
  • Entrepreneurs
  • Industry
  • Marketing
  • Media
  • How to be a Hospitality Industry Training Teacher

  • We Have To Bring Industry To The U . s . States

  • Envisioning the way forward for the Mining Industry

  • Technological Advancements within the Automobile Industry of america

  • Ruggedized Computers for Multiple Industry Needs

Business
Home›Business›5 Things You Might Not Already Know About Four-Wheeler Insurance

5 Things You Might Not Already Know About Four-Wheeler Insurance

By Flavio Otis
November 25, 2020
1076
0
Share:

According to the Motor Vehicles Act, 1988, it is mandatory for every vehicle owner to have at least a basic third-party insurance policy for their car/bike before taking it out on the road. The fact that car insurance is compulsory, however, sees many motorists simply buy the first policy they come across without bothering to understand the coverage they are getting. This can lead to you being underinsured.

A good car insurance plan is one that is customized to suit your unique needs for coverage. It is extremely important that you talk to your insurance agent or provider and get a thorough understanding of the details of your policy before you pay for it. In this article, we take you through 5 things that you might not already know about four-wheeler insurance. Do keep these points in mind when buying or renewing your car insurance policy.

  1. Car insurance comes with a grace period for renewal

If you missed out on renewing your coverage by the policy expiry date, don’t worry. Insurers do offer a certain grace period that extends beyond this expiry date for you to renew your car insurance policy instead of buying a new one. As long as you renew your coverage within this grace period, you get to keep accrued benefits, such as the no-claims bonus.

  1. You need to buy separate cover for accessories that aren’t from the manufacturer

We all like to personalize our belongings and give them our own unique touch. Most people especially love to personalize their vehicles. However, it is important to bear in mind that your car insurance policy will probably not offer coverage for any accessories that were not fitted by the manufacturer. You may have to buy separate cover for these.

  1. It is important to buy separate coverage for the engine

Even if you have comprehensive car insurance, there are certain damages that don’t get covered. For instance, your car engine does not get covered against damages due to flooding. If you stay in an area that witnesses heavy rainfall and inundation, do opt in for the engine protection cover. This will come at a slightly extra cost to your premium, but it will save you a fortune in engine repair.

  1. Personal belongings need to be covered separately against theft

Comprehensive car insurance will cover you against theft; however, the coverage only extends to the losses you face from robbery of the vehicle alone. This means that any personal belongings left inside the car at the time of the theft will generally not be covered. If you are in the habit of carrying your laptop or other important belongings, make sure to opt in for the loss of personal belongings cover.

  1. Anti-theft devices can help lower the premium

Finally, insurers are known to offer you a discount on your car insurance premium if you fit your car with certain anti-theft devices. This discount is usually only applicable on car security devices that have been approved by the Automotive Research Association of India (ARAI).

You can also consider buying or renewing car insurance online to get cheaper rates on your premium. Hope this article has helped you.

Previous Article

6 Questions You Should Ask When Beginning ...

Next Article

What Is a Terminated Merchant File and ...

Share:

Related articles More from author

  • Business

    Continuing Your Job Search Remotely

    August 6, 2022
    By Flavio Otis
  • Business

    Starting An Offshore Company in 2021

    July 27, 2021
    By Flavio Otis
  • Business

    What Are the Benefits of Custom Corrugated Boxes for Your Business?

    June 16, 2021
    By Flavio Otis
  • Business

    Importance of Health and Safety Inspection to be Covid-19 Ready in the Workplace

    October 17, 2020
    By Flavio Otis
  • Business

    How A Foreign Investor Can Start A Company In Singapore?

    December 14, 2020
    By Flavio Otis
  • Business

    Ways SEO Can Harm Your Business Growth

    November 2, 2020
    By Flavio Otis

Comments are closed.

  • Business

    What Are the Benefits of Custom Corrugated Boxes for Your Business?

  • Business

    A Cool Way to Improve You Business Ideas: What to Know Before Starting a Business

  • Marketing

    Avoid Half-Brained Marketing

  • Recent

  • Popular

  • Comments

  • Make the Most Out of the PM Kisan Samman Nidhi Yojana

    By Flavio Otis
    January 21, 2023
  • Do You Have a Plan for your Business Competitors?

    By Flavio Otis
    January 16, 2023
  • Cirque du Soleil & You: How to Spend an Unforgettable Night in Las Vegas

    By Flavio Otis
    January 5, 2023
  • Finding Out More About Disposable Vape Pens

    By Flavio Otis
    December 29, 2022
  • The Metrics You Should Be Using To Measure Law Firm Profitability

    By Flavio Otis
    December 23, 2022
  • Make the Most Out of the PM Kisan Samman Nidhi Yojana

    By Flavio Otis
    January 21, 2023
  • 5 Affordable Marketing Tactics That Actually Work With Smaller sized Budgets

    By Flavio Otis
    October 16, 2019
  • Marketing for Professionals

    By Flavio Otis
    October 16, 2019
  • What Drives Entrepreneurs to produce Something From Nothing?

    By Flavio Otis
    October 20, 2019
  • The advantages of Learning What Effective Entrepreneurs Do

    By Flavio Otis
    October 21, 2019
  • Business

    Make the Most Out of the PM Kisan Samman Nidhi Yojana

  • Business

    Do You Have a Plan for your Business Competitors?

  • Business

    Cirque du Soleil & You: How to Spend an Unforgettable Night in Las Vegas

  • Business

    Finding Out More About Disposable Vape Pens

  • News

    The Metrics You Should Be Using To Measure Law Firm Profitability

Recent Posts

  • Make the Most Out of the PM Kisan Samman Nidhi Yojana January 21, 2023
  • Do You Have a Plan for your Business Competitors? January 16, 2023
  • Cirque du Soleil & You: How to Spend an Unforgettable Night in Las Vegas January 5, 2023
  • Finding Out More About Disposable Vape Pens December 29, 2022
  • The Metrics You Should Be Using To Measure Law Firm Profitability December 23, 2022
  • The Ultimate Guide to Coworking Spaces for Remote Working and Entrepreneurs December 15, 2022
  • Good Insulation Is a Must for Every Home or Office December 13, 2022

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • May 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • Mail us
Copyright 2020 Sopela Business Market - All rights reserved.