Vehicles are depreciating assets and lose their value over time.
Zero depreciation cover ensures that the insurer pays the full replacement cost of parts such as bumpers, headlamps, side mirrors, and plastic fittings.
It is essential to have a comprehensive motor policy, and not just a third-party cover, as the latter does not protect your own vehicle.
A combination of add-on insurance covers can be helpful in managing finances and making life much easier, says Dhirendra Mahyavanshi
Two types of deductibles are associated with auto insurance -- compulsory and voluntary.
'Some buyers get carried away by festival offers and purchase higher variants or larger vehicles than they truly need, which impacts running cost and long-term affordability.'
Even if you have a comprehensive motor insurance policy, it may not provide sufficient protection against monsoon-related risks.
77 per cent of all transactions in the January-March 2025 period took place digitally, indicating continued preference for online car purchases.
Owners of high-end vehicles should explore more options such as engine protection, invoice cover and plans that cover accessories, says Animesh Das.
Do not get repair work started without informing the insurer as the latter like to carry out end-to-end verification of damages and documents before approving a claim.
Buy comprehensive motor insurance policy to guard against natural calamities.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
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Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
Though they come at a cost, buying them with the insurance policy can make a lot of sense.
'Exit the car and call for your vehicle to be towed.'
Is it only about choosing the right model and manufacturer? No, there's more to it. Know how to select the ideal car.
Buying an auto insurance cover? Beware of these myths
The first and most important check you must run is to see if you have adequate life cover.
Its not so tough to improve insurance coverage at nominal cost.
A customer can also appoint a surveyor on his own expense
Here's how to get more out of the premium you pay
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
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