13-10-2017 04:20 PM
As we are witnessing lot of natural calamities what measures should a person take while buying Motor Insurance policy?
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16-10-2017 04:56 PMSolution
A person should consider below mentioned some important point before buying any policy:
• Own Damage – Loss / damage due to natural calamities (earthquake, lightning, flood, typhoon, storm, hurricane, hailstorm, landslide, etc.), man made perils (fire, explosion, self-ignition, theft, burglary, house break-in, terrorist acts, etc.), accidental external means or during transit via rail, road, air, lift or inland waterway.
• Liability To Third Parties - Takes care of any expenses arising due to an injury / death / damage to property of a third party following a car accident involving the insured vehicle.
• Personal Accident Cover – Provides you or your legal heir with the Sum Assured following an accident involving the insured vehicle which has resulted in your permanent total disablement or death.