Health Basica

While car modification is a good way to personalise your wheels and improve its performance, the only downside is that it can bump up the cost of car insurance policy. What is a car modification? It is a change that can be made to a vehicle so that it appears different from the manufacturer’s actual factory specification. The changes to the vehicles can be made for improving its aesthetics, performance or any other functional modification.  How do car modifications change the price of car insurance? Your car insurance policy is based on risk factor and when quoted for cover, the insurers use all the factors before reaching the price. Car modifications can have a serious impact on how insurers assess any insurance policy in two major areas: Risk of Accident – The car modification can change the performance and look of a vehicle and it is assessed as a higher accidental risk by insurers. Some of these risk factors as per insurers are sports seats, engine changes, spoilers, body-kit...

If you own a vehicle, you need third party car insurance. It is mandatory as the law in India stipulate it. This insurance gives you peace of mind knowing that your policy will cover a pedestrian, passengers of another vehicle and property damage should your vehicle be involved in an accident. However, if you are looking to cover your property and life, you should opt for comprehensive car insurance. This insurance policy also covers third-party. Here are a few things that you should know about your car insurance: If you do not make any claim in a year, you will be eligible for No Claim Bonus. The bonus keeps increasing for each year that you do not make a claim. You can use the bonus to get a discount on your car insurance premium. There is a maximum limit to No Claim Bonus. It cannot exceed 50% of the premium amount. Did you know that it is possible to transfer the No Claim Bonus and other insurance benefits from one insurance provider to another, one car to another car and from one ...

It’s always good to be aware of the benefits you get by purchasing a particular product or service. This gives you an edge and keeps you prepared at every point of time. The same applies to people planning to or already having a car insurance in place. Knowing the available coverages is always a good thing. You are always aware of the damages you’ll have to pay for and the damages for which you can file a claim. This not only makes you a smart buyer, you also end saving a lot of money which could have been wasted towards covered-damage-expense (expenses which are covered by insurer) payment. That said, if you aren’t aware of the coverages available with a basic car insurance policy, we are here to help you out. 1. Bodily-injury liability:  If your car has injured somebody else then bodily-injury liability-insurance feature will help you out. Also, if you're not the only one using your car, the names of other members using it should be included within the list so that claims can be...

As per the mandate issued by the Government of India, third-party insurance is a compulsory requirement for every car and motor vehicle owner. Apart from that, the mandate also makes it necessary for automobile owners to have comprehensive car insurance in place. This not only covers the insured from the expenses incurred in a road accident, but the legal financial liability to the third-party is also paid off by the insurer.  So, in and all, having insurance is more than essential. That said, it is equally essential to be aware of your car's value for determining the most suitable auto-insurance coverage. How? Is there a way one can determine the actual value of his/her car before taking insurance? The answer is YES. One always has the option to determine the car’s replace-cost versus cash-value. What is a car’s replace-cost versus cash-value? As the terms suggest, 'actual cash value' is the value of a car at any given point of time. The same is determined while consideri...