A lot of people prefer to buy a second-hand vehicle to polish their driving skills before going for a brand new one. If you too are looking forward to buying a second-hand vehicle or sell yours, there are certain points regarding its insurance that you should be aware of, both as a buyer and as a seller.
We get our vehicles insured so that we can get compensation in case of damage or theft. But the irony is that most of us are under the delusion that claiming motor insurance is a hectic task. On the contrary, it is quite easy if you know the process.
IRDAI chief Vijayan proposes an increase in the third party motor insurance premium is likely to take place from April 1. However small cars (upto 1000cc) from Rs 2,055 shall face no Insurance premium hike currently.
Insurance is offered by D2C INSURANCE BROKING PVT. LTD (CIN U66030DL2013PTC249265), Principal Place of Business: 3rd Floor, Plot No.- 21, Sector- 32, Gurgaon -122001, Haryana; Registered Office: Second Floor, C-67, DDA Shed, Okhla Phase – 1, Delhi -110020, IRDAI Broking License Code No. DB 571/14, Certificate No. 505, License category- Direct Broker (Life & General), valid till 26/11/2020. Insurance is the subject matter of the solicitation. Product information is solely based on the information received from the insurers. For more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully of respective insurer before concluding a sale.