Online General Insurance and its Manifold Benefits

One of the most popular forms of general insurance is car insurance, and rightly so this is one of the reasons that it has been made mandatory by the Indian law. Motor insurance companies offer a wide range of products. The most popular general insurance product after general insurance two wheeler is general insurance for cars.

If you think Getting Insured is a Tedious Job, Think Again
Many individuals get confused when it comes to opting for a policy among the various available options of general insurance. One of the most popular general insurance product is car insurance. Initially, general insurance two wheeler was more popular as compared to car insurance since the risk of an accident on a two wheeler was more severe. But with the gradual increase in the carelessness on the part of drivers on the road car insurance has gained equal popularity.
There are several motor insurance companies in India. Individuals’ usually go by the local agents’ explanation of the different aspects of car insurance and the features. An insurance agent though well equipped, might not have all information related to the insurance proposals and policies available in the market since he is confined to the policies offered by his company alone. Hence you may not be able to see the other side of the coin.
Fortunately, the internet has opened a wide range of knowledge regarding general insurance and car insurance in particular. Almost all motor insurance companies have their own websites where all details concerning car insurance are available. These insurance companies also provide relevant information about methods for calculating premium, the coverage for insurance and a compendium of items not covered under insurance.
The items which are covered under car insurance by many car insurance companies can be listed as under:
• Loss or damage to your car against natural calamities: These could be fire, self-ignition, lightning, flood, storm, earthquake, cyclone, hailstorm, rockslide or landslide, inundation.
• Loss or damage to your car by manmade calamities: In this group would fall burglary, theft, malicious act, strike, accident by external means, terrorist activity and also damage during course of transit by rail, road, air, inland waterway or elevator.
• Personal accident cover: Coverage for the driver of the car while travelling, mounting or dismounting from the car. Personal accident covers for co passengers of the car are also optionally available.
• Third party liability: This is a legal provision. Protection against legal liability on account of accidental damage resulting in death or permanent injury of a person. Coverage for damage to surrounding property.
The items which are excluded by most car insurance companies are:
• Normal wear and tear of car.
• Depreciation
• Electrical or mechanical breakdown.
• Car being used for purposes other than it is meant for.
• Damage to and by a person driving without a valid license.
• Damage caused by a person driving under influence of drug or liquor.
• Damage or loss due to war, mutiny or nuclear risk.
The internet provides the facility of buying your insurance policy online as well. All you have to do is enter a few details of your car you own and the options that may be asked. Once your premium is determined, you can arrange to make your payment through your credit card or net banking. A digitally signed legal policy would be delivered to you.