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5 Things To Double-Check Before Leaving The Showroom With Your New Car

According to the Motor Tariff 2002, every Indian vehicle is required to have a legitimate insurance cover

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new car
There are certain compulsions as well as necessities, which you need to ensure before taking your new car on the streets. Pixabay

A new car is more than just another purchase. For many, it is an asset to be bought which they were planning for years. A good deal of one’s income has to be spent on a new car and why not? In India, a car is not just a vehicle or a personal medium to travel but also a status of luxury.

However, purchasing a car is not everything. There are certain compulsions as well as necessities, which you need to ensure before taking the car on the streets. One such thing is car insurance. According to the Motor Tariff 2002, every Indian vehicle is required to have a legitimate insurance cover. As important as it is to have a driving license, so it is to have an insurance cover. Finding the best car insurance in India may be a tricky thing.

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If you happened to have bought a new car, it is likely that the dealer you bought it from will go through in availing the insurance policy of the car. If this is the case, you will do well to keep in mind to double-check some important things before leaving the showroom with your new car. On the other hand, if you have not purchased an insurance policy yet, get the best car insurance in India by Turtlemint.

Things To Keep In Mind

Whether you have taken the initiative of having the insurance cover by yourself or whether the dealer has done it for you, either way, you should keep in mind the following suggestions:

new car
You should always check for the insurance of your new car.

Insurance Regulatory and Development Authority

Before subscribing to the car insurance policy, try learning more about the insurance company you are buying the policy from. Learning about the background of the company along with its working status and the year since which it is operating can suggest a lot about the policy you are taking. The most important thing to correspond is to see if the insurance company is licensed with IRDA. Insurance Regulatory and Development Authority is an autonomous statutory body which has been given the task of promoting and regulating insurance companies in India. All insurance companies are bound to be licensed with the IRDA. The IRDA authorized insurance companies are considered to be genuine.

Authenticating The Details

It is highly recommended to correspond the policy details with the car you have bought. The car’s model number, registration number, year of registration etc. should be matched so as to avoid any error. This will establish the fact that the policy is specifically for your car. In addition to this, double-check the policy wordings so as to know the coverage extent properly. If you are facing any issue, just do not purchase the insurance right there. Drive your car home and do a fair bit of research before finalising an insurance policy for your newly purchased car.

Talk To The Insurance Company

After having subscribed to the policy which the dealer handed over to you, crosscheck it by calling the insurance company. This will double-sure you about your car policy. Also, you can learn more about your insurance cover by talking to the insurance executive.

Use Payment Link

The best way of paying the premium for your insurance would be through the payment link which is sent to you by the insurance company. Clicking on it would open the portal of payment and you can directly log in to the official insurance company profile and thereby process the payment. This will also help you in learning more about your insurance from the website.

Check The Email

The insurance company will send you an email regarding your car insurance cover. This soft copy document will serve as a durable proof. Before leaving the showroom, make sure you have received the mail. If you have not received the mail, contact the insurance company and ask for the mail to be sent as soon as possible.

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Following these suggestions will help you in getting a thorough idea about the insurance cover of your car. The details about the insurance premium will also be given in the car insurance policy document.

Premium For Insurance

With every insurance comes the  necessity of paying premiums. There are certain factors which affect the insurance premium. Let us look at them:

  • Where you are purchasing the car from affects the rates of insurance and therefore the premium as well.
  • Insured Declared Value or IDV is the maximum amount you can get from your insurance company for the loss or theft of your car. This also determines the insurance premium.
  • Cars with rare motor parts will have a higher premium than those whose parts are manufactured in a larger number.
  • Geographical location, engine capacity, type of insurance cover and add-ons also affect the premium amount.
new car
A new car is more than just another purchase. Pixabay

Keeping these factors in mind will help you assess various insurance policies in picking the best one for your car.

What Else To Look For?

Apart from the insurance-related aspects, it is also advised to look at the physical aspects of the car. You should thoroughly look at these things at least once before taking your purchased car out of the showroom:

  • The exterior of the car should be checked thoroughly. If you find any scratch or dent or any part is even a bit out of proportion, tell your dealer to fix it. If everything is alright, you can go for an insurance cover for your car.
  • Generally, the car insurance policy does not cover the seats or their covers. So once you have bought it, you may have a hard time getting them fixed without payment. Therefore, it is recommended to check the seat properly.

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  • Same is the case with floor carpets. You do not generally get the insurance cover for floor carpets. So better check them before buying the car.
  • Check the lights of the car. If the light is defective, it may create a mishap. An accident caused due to defective lights may or may not come under insurance cover. So it is better not to take the risk. Inspect the lights properly before leaving the showroom.
  • Ignition of the car is the most important thing to be checked thoroughly. Try looking if there is an odd sound coming from the vehicle. If not, you are free to drive your car home.

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As it turns out, buying a new car also means having a good deal of familiarity with car insurance. Since buying a car is equal to fulfilling one of your dreams, it is important for you to take the step regarding the security of your investment in it.

[ Disclaimer: The pictures used in the article are supplied by the author, NewsGram has no intention of infringing copyrights. ]

 

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Top Tips Landlords Should Know

No matter what you might believe, landlords insurance is mandatory.

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landlords house ownership
Fortunately, there are so many things that landlords can do in order to make their job easier. Pixabay

A landlord’s job is much more complicated than what you might initially imagine. There are so many things that have to be done and it is very difficult to take care of everything when the managed property is large. Fortunately, there are so many things that landlords can do in order to make their job easier. Deacon.co.uk offers the following tips that should always be known. 

Get Landlords Insurance

No matter what you might believe, landlords insurance is mandatory. Remember that regular home insurance is not valid when the property is rented out. Specialist insurance is necessary to protect both the tenants and you. 

Loss Of Rent Coverage

We live in very tough times because of the covid-19 pandemic but this is not the first time the real estate injury was hit. This is why there are many different insurance policies in place to protect owners, tenants and landlords. One of the very important policies is the loss of rent coverage. This protects by offering income whenever properties are uninhabitable. 

landlords house ownership
No matter what you might believe, landlords insurance is mandatory. Pixabay

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You can also consider the use of tenant default insurance. This protects rental income in the event that tenants do not manage to pay rent. What is really important is to talk with the letting agent in order to make sure that tenant default cover is offered. This might be in place and you are not aware of it. Also, it is possible that the coverage does not apply. As an example, if the policy requires the presence of tenant reference check and it was not done, compensation is not offered. 

Liability Insurance

Liability insurance for landlords protects them if there are compensation claims that are made by visitors or tenants for damage or injury caused while on the property. For instance, this is a policy that activates when an individual trips over a carpet and ends up injured. Never underestimate what accidents can happen without any prior signs of danger. You are liable if accidents happen on your property and there could have been anything you could have done to avoid it. 

Rebuild Value

The property is insured for an amount. This amount is based on property rebuild value, which means how much it costs to rebuild everything from zero, including materials and labour. The rebuild value should never be calculated based on market value. Surveyors need to be consulted in order for a proper rebuilding value to be estimated. Alternatively, the insurer most likely has contact with such surveyors and can be contacted. 

landlords house ownership
Liability insurance for landlords protects them if there are compensation claims that are made by visitors or tenants for damage or injury caused while on the property. Pixabay

Always Protect The Property

Landlords have to do all that is necessary to protect the property. This includes tasks like installing smoke detectors, window locks, door locks, and security alarms. You need to protect the property and the tenants. Also, when you show proof that you took steps to protect the rental property, insurance policies are cheaper.

Also Read- Travel Insurance Misconceptions You Should Not Believe

Final Thoughts

Landlords have a lot of work to do in order to protect the property and all the tenants. It is very difficult to keep up with all the laws that change more often than imagined. However, it is a necessity. 

[Disclaimer: The article published above promotes links of commercial interests.]

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Travel Insurance Misconceptions You Should Not Believe

The problem is that travel insurance is not properly understood by many.

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travel insurance
Travel insurance is a lot more than just health insurance. Pixabay

Travel insurance is very important for every single person that wants to be guaranteed proper emergency care in the event something goes wrong. Based on the policy that is bought, this can include coverage for lost luggage, scuba diving injuries, hiking falls or even the need to cut trips short because of family emergencies. 

The problem is that travel insurance is not properly understood by many. A lack of knowledge led to numerous misconceptions. The most common ones are presented by insure4retirement.co.uk below. 

Does Travel Insurance Just Mean Health Insurance?

The insurance is a lot more than just health insurance. There is a clear medical component included when faced with accidental injuries or sudden illnesses. At the same time though, travel insurance covers trip interruptions, gear theft, trip cancellation, and even emergency transportation when it is required. 

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With proper research, you can choose a reputable travel insurance company. Pixabay

It Is Possible To Choose What Doctor To Go To

Travel insurance does not cover health insurance and should never be seen as being that. It is meant to cover emergencies that were unexpected, like popping eardrums or breaking a leg. With travel insurance, you are covered but you cannot choose what doctor you go to. When you make this choice, you forego travel insurance and you have to pay for everything. 

Is Credit Card Protection Enough?

Credit cards offer highly limited protection. There are some that will cover lost funds if the card was stolen and some medical procedures might be included. However, the protection that you get is never actually enough to deal with serious situations. When something is covered, the limit is usually very low. At the end of the day, you are the one that has to pay the money difference. 

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You should never rely on the coverage offered by your credit card, except for the stolen items. 

The Way In Which Travel Insurance Works

When a serious medical emergency happens and overnight hospitalization is needed or you need emergency repatriation, emergency assistance has to be contacted. Arrangements can be made immediately and costs can be approved. With other situations though, like an admission to a hospital for a minor injury, reimbursement needs to be claimed from the insurer. 

travel insurance
Travel insurance is very important for every single person that wants to be guaranteed proper emergency care in the event something goes wrong. Pixabay

Payment is made out of your pocket and then documentation is submitted to your travel insurance company. Always keep the entire documentation and file necessary police reports. All the receipts need to be saved. No travel insurance company can reimburse people based on your word. 

All Travel Insurance Companies Simply Want Profits

When you look online for reviews about travelling insurance, you quickly figure out that most are negative. This is because of two things:

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  • People do not read the entire contract and end up thinking that they are covered for things that they are not. 
  • People tend to write reviews only when something bad happens and they do not do the same when the experience is a positive one. 

With proper research, you can choose a reputable travelling insurance company. It is not as difficult as you might initially think. You just need to be patient and compare all available options so you can make an informed choice. 

[Disclaimer: The article published above promotes link(s) of commercial interests.]

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Credihealth Launches Comprehensive Care Platform Linked to COVID-19

Patients can access healthcare ranging from COVID-19 tests to airlift ambulance all at one place

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Credihealth covid
Credihealth announced the launch of a range of support services linked to COVID-19 for citizens across the country.

India’s leading healthcare portal, Credihealth, today announced the launch of a range of support services linked to COVID-19 for citizens across the country. 

As the COVID-19 pandemic grips the nation, there is a serious need felt for bringing timely, nation-wide access to COVID-linked healthcare services. “The society is inquisitive and apprehensive about the recent developments around COVID-19 and what they require is a platform where both these issues can simultaneously be handled with ease and comfort. While they require updated content as to what, when and how the COVID-19 virus functions within a human body, at the same time, they must also be educated about what ones needs to do in case of symptoms,” said Ravi Virmani, Founder, and CEO of Credihealth. “Hence we have brought together under one care platform, a range of services which include COVID-19 screening tests by our partners, same-day pharmacy solutions, air and road ambulance service across the nation,” he added. The platform also hosts a bevy of content pieces that encompass basic ‘do’s and don’ts’ for the patient under quarantine and his caregiver and how Credihealth can bring the aforementioned services to them. Virmani further adds, “We’ve been an undisputed leader in managing the end to end patient experience for the serious illness and patient admissions business, and our recent foray in the COVID-19 space is a natural progression at these trying times for everyone. We’ve accumulated our knowledge base and large network and brought them forth for the patients in need, all under one easy to access platform.”

Credihealth covid
Credihealth is India’s leading online health portal.

The brand has also put out a dedicated team of highly qualified and trained COVID-19 Care Managers who assist susceptible patients or those who require any of the aforementioned services.

Speaking about the recent development and the new initiatives, Gaurav Gupta, Senior Vice President – Market Development said, “Today, consumer-facing health technologies need to reinvent their offerings according to the need of a patient experiencing social distancing and locked-down state of affairs. Hence, we have expanded our services in COVID-19 screening tests, pharmacy, diagnostics, critical care assistance, home care aid and equipment delivery at doorstep, mental wellness and counselling among others.”

Credihealth covid
Credihealth has also put out a dedicated team of highly qualified and trained COVID-19 Care Managers who assist susceptible patients or those who require any of the aforementioned services. Pixabay

Last month Credihealth had launched its dedicated tele/ video consultation service with some of the leading private hospitals in the country. Through that service, patients can now contact over 2500+ doctors from 50+ hospitals in the country – by far the largest network in the nation. The brand claims to handle more than 500 tele/ video consultations per day and is gearing up to scale that number upwards of 2000 consolations per day.

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About Credihealth:

Credihealth is India’s leading online health portal. The platform is aimed at providing a hassle-free experience for patients seeking healthcare in India. Credihealth is in trusted partnerships with 650+ leading hospitals across the country and more than 35000+ doctors are engaged with this reliable platform. 

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As a part of its continued commitment, the organization offers priority appointments, in-hospital assistance, second opinion, online medicine orders, diagnostics, video consultations, and more. The medical experts at Credihealth help patients in making the right decision about their medical needs. The technology-driven platform allows users to compare treatment costs and avail time-saving services. 

For more information, visit: www.credihealth.com