While buying a new car from car dealer is it obligatory to buy insurance from them only ? Or we can buy insurance separately ? If the answer is yes we can then quote me for best insurance rate for car value 9 lakhs, registration in Mumbai.
Hi Mohan, First of all, we are glad to know that you are planning for a new car. We would like to inform you that it is not mandate that you buy your car insurance through dealer itself. You can search for other options as well and go with the best quotation.
Rest, you can check the best deals on car insurance by clicking here.
You need a car insurance because its mandatory - its the law. For any vehicle to drive on Indian roads, it must have a valid insurance policy, that at a minimum covers the cost of damage that you might cause to other people or vehicles.
Rather than have to pay from your own pocket, if you have a valid car insurance policy, the insurer will assume the liability, as long as the damage is covered under the terms of the insurance contract and there is no case of fraud.
Situations where a car insurance policy can cover costs are damages arising from an accident, theft, fire and any natural calamities like flood, earthquake, or cyclone.
Car insurance policies are valid only for a year and need to be renewed annually.
Moreover, please go through the article on "A Beginner's Guide to Car Insurance" for better understanding.
Since your car is more than 15 years old, you can get it insured through a Third Party Policy, not the Comprehensive one. Private cars older than 15 years are normally not accepted for Comprehensive cover. To accept Comprehensive cover for vehicles that are 10 to 15 years old, insurers demand an inspection report from a surveyor certifying the condition of the vehicle. Vehicles older than 10 years are normally not granted Comprehensive insurance cover. The Third Party policy, however, knows no age limit; in fact, it is a mandatory requirement.
Coming to the price/premium, we suggest you to get in touch with the insurance office or any insurance agent for better clarification.
actually my 1year old tata zest met in an accident and surveyer has told that it is total loss and i think i will get total refund of insurance but will i get or can i ask rto government to refund my lifetax which i paid for lifetime but i has used only for 1 year
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