Buying a 2 Wheeler Insurance Policy? 5 Things to Remember

2 wheeler vehicles make the daily commute easier and quick. To ensure that this daily convenience is not interrupted, it is essential to protect your vehicle with a suitable insurance policy. The increasing number of road mishaps due to congested roads and rising traffic has made the 2 wheeler insurance policy all the more important.

Here’re 5 basic things that you need while insuring your two wheeler vehicle.

1. Type of plan - There are basically two types of Two-wheeler insurance:

• Liability only policy - It is a compulsory third party policy that covers bodily injury or death or property damage of any third party. Personal accident cover is only provided to the owner-driver.

• Package policy or comprehensive plan – As the name indicates it covers everything mentioned above along with the damage caused to your vehicle in case of an accident/collision, etc. The first policy is made compulsory by the law, but second policy can be purchased by individual’s choice.

2. Factor affecting your premiums – By buying a 2 Wheeler Insurance comes the liability of paying premium that can be high or low, depending upon the features of your bike and also your driving ability. For instance, the cubic capacity (CC) of your bike is an important consideration. The more the capacity of your bike, the larger the premium value would be. Besides, if you drive carelessly and often damage your vehicle in an accident, you are raising your premium significantly. Moreover, the city where you purchased your vehicle also affects your premium. There are two zones – Zone A consists of Delhi, Ahmadabad, Kolkata, Mumbai, Pune and Bangalore. Zone B includes all the rest. Zone A cities are charged higher premiums than Zone B cities.

3. Types of coverage available - There are varieties of coverage available for your two-wheeler insurance that include collision coverage, theft, fire and vandalism cover, insurance for the pillion rider, etc. So you must choose the cover that would benefit you in the longer run.

4. No Claim Bonus - Bikes having a 2 wheeler insurance policy are eligible for the concession at the time of their car policy renewal if they do not make any claim during the policy year. This concession is termed as No claim Bonus (NCB) and it keeps on increasing with every claim free year.

5. Uninsured Motorist cover - Though a third party cover is mandatory, still many drivers don’t have a valid cover (it may have been lapsed and was never renewed thereon). If you get into an accident with an uninsured rider, you will not get any claim and will have to bear all the expenses on your own. An Uninsured motorist cover would help you in this scenario and give you relief to a significant extent.

So by now if you have made up your mind to buy a 2 wheeler insurance policy, you must visit www.hdfcergo.com and select your preferred policy online. You can also renew HDFC ERGO 2 wheeler insurance online and ensure a complete peace of mind.

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Pros and Cons of Comparing Car Insurance Quotes Online

We all love our car, and so to protect it from accidental damages, theft, robbery, burglary, and natural calamities like earthquake, flood, etc. it is prudent to buy a car insurance policy. It acts a safety blanket for your coupe and protects it against all types of damages. A lot of research and weeks of legwork is required to buy a car insurance that is best suited to your needs and, of course, while keeping the budget cap in mind.

Comparing quotes online is the primary way to get started with the policy buying process. But before you make a move, here is a list of pros and cons that you need to know before blindly following the suite.

The Pros

1. Explore multiple offers faster: Comparing quotes online mean you as a driver/owner of the car can look at multiple offers from his/her area on a single web page, without wandering from one company to the other. This makes your investigation process simpler, smoother and time saving.
2. Get accurate price information: Speaking with the insurance agents may not get you accurate price information about car insurance policies. Visiting each and every insurance company to get the price quote is also not possible either. However, by comparing quotes online, you will be able to see how much the coverage would ultimately cost you. The online form enables you to adjust your desired coverage limits and deductibles. You can also look for quotes for a specific type of car model over the internet.
3. Save money: Seeking help of insurance agencies can be costly whereas comparing quotes online are completely free. Also, by comparing rates, customers will be able to reduce their expenses by more than 20%.

The Cons

Lack of human interaction is the only disadvantage of comparing quotes online. People who are not tech savvy cannot find the information online and are left with the only option to call a broker for seeking help in this context.

HDFC ERGO is a leading general insurance company in India that provides life, home, health, and auto insurance policies at reasonable prices. On the HDFC ERGO website, you can buy and renew the carinsurance and other policies instantly. Here, customers can also access quotes for insurance plans from HDFC ERGO. So why wait? Visit m.hdfcergo.com/ and get these quotes instantly.

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Health Insurance for Senior Citizens - A Necessity Not a Choice!

Senior citizen health insurance plan is a necessity especially when you are close to your retirement and would be living on a pension or interest income from savings. It is the age when health issues are more likely to happen and can get you into serious financial crisis. To avoid this, it is prudent to get a comprehensive senior citizen health insurance policy – specifically suited to those between 65 to 80 years of age.

HDFCERGO is the most reputed general insurance company that offers health insurance for senior citizens in India. The senior citizens health insurance policies from HDFC ERGO ensure that you are financially protected during your golden years and are able to keep up with the skyrocketing medical expenses.

Here’s a list of benefits that this plan would offer you:

1. Hospitalization cover: This policy covers the hospitalization cost if the patient is hospitalized for more than 24 hours. The expenses include room charges, doctor fees, nursing fees, the cost of medicine, etc.
2. Day care expenses: It covers expenses arising from the use of special equipment during treatment.
3. Medical expenses: Under this section of the policy, prior and post hospitalization charges are recouped. However, the number of days may vary from one insurance company to the other.
4. Pre-existing diseases: Pre-existing diseases like cancer, asthma, arthritis, etc. are also covered in senior citizens health policy. However, this is subject to the terms and conditions of the insurer.
5. Ambulance charges: Covers the expenditure incurred for transporting the insured. But this section has a maximum limit cap.

Besides these, health policy also earns tax benefits as Finance Minister Mr. Arun Jaitley has increased deduction available under Section 80DDB to Rs 20,000 from Rs 30,000 for senior citizens. This comes as a bonus for policyholders.

Important things to keep in mind while purchasing Health insurancefor senior citizens:

1. Know the third party administrator (TPI) of your policy in advance as the insurance company will transfer your claim process to them. TPI will be liable for all claim procedures & settlements.
2. Maintain a written record of the list of nearest hospitals that are a part of your insurance company’s network list.
3. Know the co-payment limit for the policy so that you can easily manage the differential amount when you visit the hospital for treatment.
4. Renew your policy on time and try to use it efficiently too by not making smaller claims. This will fetch you No Claim Bonus benefits and lower your premium value eventually.

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Top 5 Tips to File Fire Insurance Claim By HDFC ERGO

As fire has become the common threat for people living in India, insurance companies constantly try to cut corners on fire insurance claims in an attempt to save money. However to keep you away from becoming a victim of such a situation all through your life, it is good to familiarize yourself with how to file a fire insurance claim.

Following are few tips that you need to follow when dealing with your home insurance company vis-à-vis fire insurance claim.

1. Ask for an advance against your ultimate fire insurance claim: If you are forced to evacuate your home due to sudden blaze and have lost all your essential things like clothes, toiletries etc. in the fire. Don’t panic! Simply call your insurance company and get assistance immediately. They will help you purchase the essential things right away without having to wait for your insurance coverage. But while purchase the essentials, be sure to not go overboard. Be practical with what you buy, because the insurance company will refuse to pay back you for perky things. Also, this advance will be deducted from the total amount you will receive from the insurance company.

2. Make list of everything you have lost and don’t throw anything: Be sure to make a list of everything you have lost in the fire as soon as possible so that you can easily remember to include everything lost by the time you file your fire insurance claim. Don’t throw anything, even if it is completely damaged because the insurer will want to see these things to include them in the coverage. Also, by keeping damaged things you can easily prove that you really lost the items on your list. If you throw them away, the insurance company may refuse to pay for your losses.

3. File your claim immediately after the incident: Call your insurer soon after the incident took place and also ask them to start the process immediately. During the process, you’ll have to present a “proof of loss claim”. This is the form on which you will include all the items you lost, including their cost. Since dealing with the insurance company is a very difficult process, be sure to keep a track of all the communication and keep a duplicate copy of all the documents and post office receipts.

4. Safeguard your property from further damage: The insurance company will require you to take proper care of your property. Therefore, be sure that you secure your property from further damage. Insurance companies call this "mitigating damage," which simply means reducing the amount of damage. A few ways to mitigate damages include:

• 1. Covering holes in the walls and roof to protect the property
• 2. Moving good and belongings from the risky area that may cause further damage.
• 3. Building a fence to prevent robbery
  
  

 5. Keep track of your living expenses: Your insurance policy includes a clause called, "loss of use," which means that it will only pay the difference cost while you displaced and what it was costing you in your home. For example, if your monthly living expenses are 5000 per month, but now you are having extra expenditures on hotel stays, restaurant meals, laundry expenses, totaling an additional INR 1000, your insurance company will only reimburse you the extra INR 1000 per month.

FIRE AND SPECIAL PERIL INSURANCE FACTS

Know more about fire insurance claim procedures and other such things by HDFC ERGO. It is a leading general insurance company in India and is widely acknowledged for its comprehensive range of insurance policies and easy claim settlement processes.

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Secure Your Car with premium Insurance plan from HDFC ERGO

Almost everyone today who owns a car treasures it like nothing else. Owing to rise in popularity of these four-wheeled marvels along with the variety in which these can be bought, it’s a quite common view to see the roads full of these no matter where you go. If you too own a car, besides it being a medium of luxury to you, it becomes your responsibility to safeguard it against all possible kinds of damages that it may incur due to some or the other reason, whether off or on the road.

Easy motor car insurance claim process

At the same time, you just cannot buy an insurance plan from any company that first crosses paths with you. You need to carry out proper execution plan wherein you get to compare a handful of such plans before determining the best one for you. Because insurance is a must-have today, most of which is meant to keep you secured at all times, you cannot shy away from such a responsibility too. One of the first things that you must check for is the motor car insurance claim process, and if that is going to go easy on you or not when you fall in need to avail it.

HDFC ERGO has always been known to be one of the most user-friendly companies, and gives you the benefit of fast motor car insurance claim process, through which you can obtain your claim within a matter of days, if not earlier. It requires least documentation with impressive premium value, thereby taking your experience of dealing with the firm only higher. Besides, you can also add riders with your existing policy, to add on additional conditions in your insurance policy, which also make you feel much more secured.

With comprehensive cover over your vehicle that can be obtained in more than 1,600 authorized networks, HDFC ERGO is already regarded among the fastest companies to execute motor car insurance claim among all private insurance players. Its dedicated staff and its loyal customer support services ensure that you find the entire procedure of claim settlement like a cakewalk for you. Its plethora of other features like post accident insurance, discount based upon age and profession, etc. establish this renowned firms as one of the best in its domain throughout India.

HDFC ERGO Policy can also be bought online with ease as per your convenience. For more details, you can visit https://www.hdfcergo.com/motor-insurance/private-car-insurance.html

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Protecting Your Property with Best Home Insurance from HDFC ERGO

Almost everyone is concerned about protecting their valuables like a car, personal belongings, etc. against theft robbery and natural calamities and buy different policies for the same. But on an average, home insurance policies are the most purchased ones in India. Such a policy not only safeguards your property in out-of-the-blue situations but also ensures the safety of your valuables. If you are a newbie at this and are still unclear about what a home insurance policy is, what it covers for and what it does not, here are a few points that will help you get all the details about it:

Home insurance: the introduction

A home insurance offers financial protection to the property structure and the contents of your house. This policy will cover the cost of repairing the damage caused to your property and to its belongings. You can buy a home insurance that covers either the property structure or the belongings or both, depending upon your needs. Let's suppose if you have a property of your own, you must get a home insurance that offer cover for both the property structure and the property content, whereas if you stay in a rented house, you must purchase a home insurance plan that solely covers the property content.

What does the home insurance policy covers?

A home insurance is offered in different premiums, prices, and coverage which is typically based on your property size, type of construction, geographical area, the valuables and jewels inside your home. This policy typically covers for rebuilding/renovating the cost of structure rather than the market value of the property. Also, the sum insured for your property under this policy is obtained as per the build-up area and the construction cost per square feet. Moreover, if you have a basement floor in your house or if your property is situated in the flood prone area, you will have to pay higher premiums for the policy as it has more risk of getting damaged.

Moving on to covering the content of your home, you will have to specifically ask for the content cover while purchasing a policy. This part of the home insurance basically covers the damages occurred from fire, storm, theft, flood, explosion, riots, terrorism, earthquakes and other natural calamities. However, you must remember that any damage done to the property due to property abandonment, prohibitions mentioned in the policy, damage to the land that is not a part of the structure, collectibles will not be covered under the home insurance policy. Also note that earthquake coverage will not be acquirable for a single apartment and a theft cover cannot be utilized if the property was unoccupied for more than 30 days or if the domestic help is involved in the felony.

Now that you are clear about what the policy covers for and what for not, you can buy an appropriate home insurance cover. Always buy the policy based on the amounts of coverage for your home or its contents. If possible purchase a long term home insurance from HDFC ERGO say for 10 years at least. This way you will not only be freed from renewing the policy often but will also get good discounts on premiums. In case of an extended valuation of a property (due to the increased construction rates), you should also consider renewing the sum insured.

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What To Do When Your Home Insurance Claim Is Denied?

Having a home insurance claim rejected can be a devastating experience. To ensure that you don't land into any such situation in future, here are a few simple tips that you must follow:

1. Keep complete & accurate records of everything. Be it the records of the conversation, any receipt, or letters or emails (if any) you sent or received from your insurance provider, you must have it all at the time of filing the claim.
2. Take your time out to cross-check the terms and conditions of your policy and especially view all the claim rejection related clauses to determine whether it applies to your case or not. If not, you must discuss it with your insurance company to improve the situation.
3. In many cases, the cause of the damage is not properly communicated to the insurer, thereby leading to claim rejection. If you find this in your case, draft a letter to your insurance provider explaining him about the error. Try to be specific in your letter and emphasize only on the incorrect information described in their letter.
4. If you feel that your insurer has delayed the process of handling your claim or has not done fair dealing, you should file a complaint with the department of Insurance for your state.

Taking action against your insurance provider will be tough though, as they have years of expertise in the dealing with the claim rejection cases. Consulting a seasoned lawyer will help you fight for your denied home insurance claim with rather ease.

The major reasons that can lead to claim rejection include:

1. There is no coverage for the cause of loss. There are many home insurance policies that cover for different conditions, and if the damage to your home was not prompted by a covered condition then your insurance company will not pay for your loss. For example, if your policy doesn't cover for the earthquake and your home was destroyed by an earthquake then you will not get money from your insurance carrier.
2. The loss occurred outside the policy coverage period.
3. You failed to fulfill the condition of coverage in the policy. For example, if you did not take measures to prevent the further damage, didn't pay the insurance premiums on time or were not cooperating with the insurance company, your claim will be rejected automatically.

To avoid getting into such hassles, it is good to get your home insurance policy from a reputed company which provides all the details of the policy premiums, coverage, claims, etc. beforehand. HDFC ERGO is one such company that offers a comprehensive list of home insurance policies to choose from. It has easy home insurance claim procedures and offers excellent discounts on policy based on your age and profession.

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