Before buying a vehicle, we know its monetary value, its performance, its mileage, and its design. We buy bikes, scooters, cars, etc. knowing many things like that, but when buying insurance for them, no one pays much attention to it.
One important reason is that insurance is very confusing. An important reason for this is that we don't know about bike scooter car in this post, how to look and buy insurance, what kind of insurance is right for us, what things to look for while buying insurance, we are going to know in detail about insurance. Will be available.
In general, there are many types of insurance, but if you know about two types, the most important is third party insurance.
Third Party Insurance:
Third-party insurance, the first party is our first party who is driving a two-wheeler.
Second Party:
A second party is an insurance company.
Third Party:
Besides us, other vehicles are also driving that vehicle, which is on the side of the road. Third Party
Third Party Insurance:
That is the third-party insurance that is provided for us. How about that? I am driving a normal vehicle, imagine that you are driving a vehicle on the opposite side. Now I have crashed into you due to some small mistake, and because of this collision, I have suffered damage to my car and damage to your vehicle, if you have suffered damage to your vehicle. For your medical expenses, the cost of your vehicle is Rs. If there is any loss to the vehicle or others, it is covered by the insurance company and third-party insurance. Others because of my mistakes
If you don't want to get hurt, they say that you should take out third-party insurance. If you don't have such third-party insurance, the police will give us a fine amount. Not only that, but if you want to run third-party insurance, you have to pay a certain amount every year. We call the amount paid once a year the premium amount. Whoever determines this premium amount is IRDAI, i.e., the Insurance Regulatory Development Authority of India. This company will determine how much we have to pay for our third-party insurance every year. How will they determine it? If the cc of our vehicle & how much of the accident occurred in the previous year, the company called IRDAI will fix the premium amount of this third-party insurance based on two important reasons that people are paying money.
An accident has happened. In that accident, you also got injured, and your bike got damaged. I used third-party insurance, and I gave you the compensation amount from the insurance company, but I also got damaged in that accident. If it is possible, then it is not necessarily possible, and if we want to claim the insurance amount in that kind of accident, then we have to put the second most important category in the insurance. That is, if you have your own damage insurance, if there is any damage to the vehicle, if you do not hit anyone, if you hit a tree, if you fall down without causing any harm to anyone, or if your bike is damaged, then you can use your own damage insurance to get compensation according to the amount of damage to your vehicle.
That is your accident. The plastic material in the bike is worth a thousand dollars. The plastic material has taken a lot of damage, and that wear and tear is called differentiation. Based on this, they will give the amount only after looking at it. If we see a loss of 2000 rupees, if the plastic is 50%, 500 rupees and 30 percent for the piper, then 300 rupees will be added to the total, and then they will pay 800 rupees. The remaining 1200 rupees are like taking our existing income and changing it. Is this a cheating job?
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