Vehicles are convenient means of transportation used to move people or cargo from one place to another place. Cars, two-wheeler, trucks are different types of vehicle.
Different categories of Online Vehicle Insurance
Private Car Insurance offers essential protection to cars against damage due to an accident, theft or natural disaster like earthquake, flood, cyclone etc. Car Insurance covers the car, owner and third party liability (damage to others property or injury to others).
Two wheelers are essential and convenient means of travelling as it is more affordable to common man. A two wheeler insurance protects the vehicle and also the rider against repair expenses or medical cost arising due to a mishap to the insured or vehicle.
Commercial Vehicle Insurance covers heavy duty vehicle such as trucks which transports cargo and is used to serve business need. Any accident to these vehicle cause huge loss to the owner owing to the damage of the vehicle and loss of cargo. Online Vehicle insurance provides all round protection against bodily damage, third party legal hassles etc.
Vehicle Insurance provides an additional protection to the co-passenger in case death or injury as result of an accident.
Second hand vehicle also enjoys same benefits as brand new vehicle.
Features not covered by Online Vehicle Insurance
Vehicle Insurance do not offer benefit to the insured if an accident has occurred due to negligence of the owner driver.
If found that the insured was driving under the influence of alcohol or any other intoxicating drugs, the claim for insurance is rejected.
In case of private car insurance, the car has to be used only for private and not commercial use such as taxi.
Insurance company out rightly rejects claims if the vehicle is damaged due to criminal activity.
Normal wear and tear of the vehicle, loss due depreciation and deliberate accidental loss are not accepted as claim for benefits by the Online Vehicle Insurance.
If an insured vehicle is driven by an unknown person who do not possess a valid driving license, the claim for coverage will not accepted by the insurance company if the vehicle is damaged as a result of accident caused by the unauthorised person.
No Claim Bonus is one of attractive benefit provided by an Online Vehicle Insurance Company. A percentage of discount is given on the premium if paid to the insured for not claiming any benefits for previous years.
This is an appreciation shown to the owner-driver of the vehicle for careful and safe driving over the year. This motivates to engage in safe driving.
Buying online vehicle insurance is convenient from the aspect of saving time. Also discounts may be availed based on offerings received from the insurance company. The premium can be compared across varied insurance company before making them purchasing decision. It is also hassle free, does not involve paper work and can be purchased conveniently using internet banking.
For more information visit: Online Vehicle Insurance and No Claim Bonus.