Motor Insurance

Motor insurance is also known as vehicle insurance which is mandatory for all the vehicles. It provides financial protection to the vehicle against any physical damage, loss, and other man-made disasters.

Vehicle insurance is the most important document for all vehicle owners/drivers. Moreover, it ensures vehicle security.

• Car Insurance
• Two Wheeler Insurance
• Commercial vehicle insurance

• The internet is the best mode of buying an insurance plan online. Because it saves you precious time.
• You always need to check the features and benefits offered by a plan.
• Make sure that the insurance will provide full coverage from physical injuries.
• Check for the policy period, and whether it commits to the expenses for the vehicle repairs.
• Make sure that the company provides quick repair of the damages and a quick claim at the moment.
• You need to do some research to get the best plan.
• Apart from that, you should read all the terms and conditions of the policy.

• Third Party Insurance policy
• Comprehensive insurance cover
• Pay as you drive insurance

• Riot & strike
• Fire & burglary
• Terrorism act
• Earthquake
• Landslide
• Flood, storm, cyclone

Some of the below situations will not come under Vehicle insurance:

• If the vehicle is used for illegal work.
• If one doesn’t have a valid driving license.
• If the driver has taken drugs.
• If any loss or damage to the insured vehicle happens outside India.

A survey was conducted by the WHO, stated that India has the highest number of road deaths in the world.

As a condition of roads is so poor, due to which motor insurance has become a necessity to drive on the Indian roads. Motor insurance not only gives financial protection to your vehicle but also covers third party damages.

• Age of the person
• Driving history
• Make of the vehicle
• The profession of the person
• Geographic location

To Buy a New Policy:

• Proposal form with details.
• Copy of vehicle Registration Certificate (RC).

To Renew the Motor Insurance Plan:

• • Proposal form with details
  • Copy of the former policy document
  • Copy of vehicle Registration Certificate (RC).

The document and formalities involved in a vehicle insurance claim will depend upon the type of vehicle and nature of the loss.

Third-Party Claims

Complete information about the accident is obtained from the insured along with the following documents-

• Police Report
• Driving License
• Medical Certificate
• Death certificate

Own Damage Claim

If your vehicle is damaged due to an accident, you must inform the insurance company and police to assess the loss.

Theft Claim

If your vehicle is stolen, you have to inform the police and the insurance company immediately. Moreover, you must inform transport department also.

• Fitness Certificate
• Driving License
• Registration Certificate Book
• Final Bill from repairers
• Police Report

Invest Market is the best platform for buying a Motor Insurance plan for your vehicle as they provide coverage for most of your requirements. Investmarket.in can provide multifarious options to choose from. Also, our highly experienced agent can help you to buy the best motor insurance.

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