In June, Rohit Mehta’s (name changed) car was stolen while he was participating in a marathon at Bandra Kurla Complex, Mumbai. Car theft is a problem that hassles every city in the country. Delhi has become the capital of India in terms of car thefts as well. According to Delhi police records, the number of car thefts increased from 36,702 in 2016 to 39,080 in 2017 and has been steadily rising. Mumbai sees 10 cars thefts on an average every day. Most of the stolen cars are not recovered, leaving car owners stranded.After a couple of weeks, Mehta’s claim to the insurance company for his stolen car was rejected. “My insurance claim was rejected stating that I was late to notify the police and the insurance provider after my car was stolen. Also, there were discrepancy raised by the insurance company in the supporting documents submitted,” he explained. Lack of knowledge of the policyholder leads to claim rejection by insurance company. … [Read more...] about Car theft? Here is how to file an auto insurance claim
Your behaviour is the key, reports Tinesh Bhasin. Rediff.com If you renew your car insurance online much before the expiry date, you may get a discount on the premium. Such customers are less likely to file a claim for damages compared to those who renew their policy at the last moment. A few insurance companies have started looking at the buying behaviour of customers online and are offering differential pricing. "We now look at the buyer's behaviour as one of the key parameters when deciding on the premium," said Easwara Narayanan, chief operating officer, Future Generali India Insurance.Some companies offer discounts as high as 45 per cent for online customers in certain segments if they are less risky. Insurers are offering differential pricing, based on buying behaviour only at Policybazaar.com. The online portal has researched the buying behaviour of customers and shared insights with insurance companies. In turn, a few insurers have started segmenting customers based on inputs … [Read more...] about Want 45% discount on auto insurance?
Car thefts are common in India. And while there is no fool-proof mechanism to guard against thefts, there are several gadgets available that will help locate and recover them.For instance, Surjeet Singh, a Gurgaon-based private sector employee, recovered his Mahindra-Scorpio with the help of a GPS-tracking device installed in his car.Carnation.in cautions that, basic devices are not enough, as cars do get stolen despite installing them. communicates with the engine computer via a controller. The car starts only when the sensor in the vehicle accepts the chip in the key (wherein that secret code is matched of the key with the chip).A sensor kicks in when someone tries to insert a fake key in a car. A GPS or ICAT can cost you anywhere between Rs 6,000 to 17,000 depending on its functions.There are a variety of car security options available, you just need to know how to choose the right one depending on the requirements and risks the vehicle is exposed to. If you install these devices, … [Read more...] about How to bring down your auto insurance cost
Two types of deductibles are associated with auto insurance -- compulsory and voluntary, says Animesh Das, head of product strategy, Acko General Insurance.Rediff.com Most people give a lot of thought to purchasing a vehicle, but not so much to buying auto insurance. This lack of interest could be due to the perception that insurance is complex, lack of information, paucity of time, or a negative experience associated with claims. The auto insurance industry has taken cognisance of these challenges and has revamped its offerings by going digital for a hassle-free experience. Digitisation empowers policyholders to make an informed choice, choose the best-suited policy, and also save money in the process. Digital is convenient, cheaper With insurers going digital, auto insurance has become simple and convenient. You can purchase or renew auto insurance from either an insurer's website or from a web aggregator. The process is similar to shopping for an item on your favourite e-commerce … [Read more...] about Go Digital for car insurance renewal
Photo: PRWeb Photo: PRWeb Image 1 of / 1 Caption Close Image 1 of 1 Photo: PRWeb 5 Ways To Get Cheaper Car Insurance Premiums For Seniors 1 / 1 Back to Gallery Cheapquotesautoinsurance.com announces a new blog post, “5 Useful Tips for The Seniors Looking for Cheaper Car Insurance” Los Angeles, CA (PRWEB) November 10, 2019 Cheapquotesautoinsurance.com has released a new blog post that explains how senior citizens can get better car insurance rates. For more info and free car insurance quotes online, visit https://cheapquotesautoinsurance.com/5-useful-tips-for-the-seniors-looking-for-cheaper-car-insurance/ Age is a very influential factor when determining insurance costs. Seniors, like teen drivers alike, are considered high-risk drivers. But … [Read more...] about 5 Ways To Get Cheaper Car Insurance Premiums For Seniors