It is crucial to shield your car against unexpected road mishaps. As we know car insurance is one of the best tools to protect your car in case of emergencies. Yet, for many individuals, having four-wheeler insurance can be a complex and confusing world to navigate.
Kotak General Insurance will answer the ten most common car insurance questions to provide you with a clear roadmap to peace of mind.
Answering the 10 most common car insurance questions
1. What is car insurance?
Car insurance, also known as motor or auto insurance is a type of insurance policy that is designed to secure you, your car and pedestrians for life’s unexpected twists and turns. It provides financial protection against physical damage and injury and any liability that might arise from them.
2. Is car insurance mandatory?
Yes, in India, getting car insurance is mandatory. Each state has its own requirements which need to be adhered.
3. What does car insurance typically cover?
Car insurance typically covers third-party liability coverage where it pays for injuries and damage to others when you’re at fault in an accident. Secondly, comprehensive coverage covers the damage to your car that doesn’t involve a collision, such as theft or natural disasters.
4. How are premiums calculated?
Car insurance premiums depend on several factors, including your age, driving history, location, type of vehicle and coverage choices. Safer drivers with lower-risk profiles typically pay less.
5. What’s a deductible?
A deductible is the amount you must pay out of pocket before your insurance kicks in. Higher deductibles can lower your premium, but they mean more expense if you have a claim.
6. Should I get more than the minimum coverage required?
It’s often advisable to consider more extensive coverage for better protection. While you can opt for minimum coverage, it may not provide enough protection in a severe accident.
7. Can I save money on car insurance?
Yes, you can save money by maintaining a clean driving record, opt for add-ons or discounts, increasing your deductible, installing safety features in your car.
8. Does car insurance cover rental cars?
Car insurance policies extend coverage to rental cars. However, the size of coverage can differ.
9. What happens if I’m in an accident?
If you’re in an accident, ensure everyone’s safety, call the police and report the accident, exchange insurance information with the other driver, take photos and gather information about the scene, contact kotak car insurance to report the incident.
10. What should I do before choosing a policy?
Before selecting a car insurance policy, understand the coverage options that kotak general insurance offer. Consider your specific needs and the level of protection required.
Knowing the answers to these ten common car insurance questions can empower you to find the right coverage to ensure peace while you’re on the road. Car insurance is more than just a legal necessity; it’s a shield against the uncertainties of the road.
Remember, a well-chosen car insurance policy with kotak car insurance not only protects your vehicle but also safeguards your financial well-being in case of unforeseen accidents.