Counterfeit goods extend to services, with the financial sector facing scams. Despite warnings, deceptive online interfaces offering fake motor vehicle insurance policies persist. Stay informed about car insurance fundamentals and be cautious to avoid falling for fake insurance scams.
Why Is Car Insurance Required?
Car insurance shields against financial losses from vehicle damage. Under the Motor Vehicles Act of 1988, it’s mandatory to cover costs for harm your vehicle causes to third-party property. Operating a car in India requires at least a Third-party Liability policy.
Which Kinds Of Insurance Policies Are Offered On The Market?
There are primarily two kinds of car insurance plans—Comprehensive and Third-party Liability. A comprehensive plan offers both own damage coverage and the legally required third-party coverage. This implies that your car is covered for internal and external damage and insured against damage to others. The coverage of your Comprehensive Plan can also be strengthened with the appropriate Add-ons. Among the most sought-after car insurance add-ons are roadside assistance, return to invoice, and zero depreciation coverage. Before choosing zero depreciation car insurance, you can always research the subject. Claims are subject to terms and conditions set forth under the motor insurance policy. *
How To Buy Car Insurance And The Chance Of Being Conned By An Agent
New car owners often rely on dealer-recommended insurance purchased directly or through an agent. Beware of potential scams; verify the agent’s credentials before getting a policy. Documentation can be manipulated, and car dealers may need to know about scams. Requesting to see the agent’s license adds an extra layer of confirmation. You can use a car insurance calculator to check on the prices of premiums.
From The Car Insurance Company
There have always been con artists. They have improved their skill sets and become more vital than ever in the digital era. Such con artists find great success in the financial services industry. India’s populace has gradually come to terms with making purchases online. It is now the replacement for the market. As a result, hackers and other tech-savvy con artists can exploit it.
You can buy car insurance offline at a branch office of your preferred insurance provider or directly from their website. Purchasing the policy from their branch office is probably scam-free. Online car insurance shopping is effortless and practical. However, ensure you are buying it from the official website. You can contact the company’s official customer service number to ensure you purchase the policy from a legitimate website. Make sure to do the process of car insurance renewal online on time.
From Web Aggregators Online
Additionally, you can buy car insurance through an online web aggregator. These websites facilitate vehicle insurance comparison. You can understand the different policies that suit your needs by visiting these websites. Be careful, though, to compare car insurance based on coverage and price. As you purchase such policies, be sure you are not taken to fake or unofficial websites.
Make An Informed Decision
Regardless of where you buy your car insurance policy, it would help you make an informed decision. Carefully review the policy’s inclusions and exclusions. Before you buy the policy, get any questions you may have answered about the exceptions listed.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
