Bhiwandi is located at a prime position on the Mumbai-Agra Highway. The city of Bhiwandi boasts of many tourist attractions such as Vasai Creek, Lonad Caves and the scenic Chichoti Waterfall. Bhiwandi has historically been a popular commercial centre famous for its textile industry. Therefore, driving on the streets of Bhiwandi can be a rich and colourful experience. Since Bhiwandi is a part of the Mumbai Metropolitan Region, the streets are undoubtedly crowded. Therefore, owning a car could indeed be convenient. However, crowded streets also mean a greater risk of accidents and other risks. Therefore, having good insurance coverage in the form of a suitable car insurance policy can go a long way in keeping one's car ready for life in the metropolitan. Car insurance minimises financial losses in the case of damage to the car. It is also compulsory for all car owners in Bhiwandi to insure their car before taking it to the road.
For both new and old car owners, there are several insurance companies in Bhiwandi. Some of the most well-known insurance companies in Bhiwandi providing car insurance include Bajaj Allianz General Insurance Company Limited, Future Generali Insurance, and SBI General Insurance Company Limited.
Bajaj Allianz General Insurance Company Limited has a customer-oriented approach. Accordingly, they offer customised insurance solutions. Their car insurance policy covers a wide range of risks such as accidents, theft, fire and more. Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserve Limited and one of the world's leading insurers, Allianz SE. This is because they provide world-class products, efficient services and after-sales support. The company offers useful services like 24*7 claim assistance to make the process of making insurance claims easier and faster. Bajaj Allianz Drive Smart Service allows one to track and monitor the movement of one's vehicle to prevent theft. Policyholders can also transfer their 'No Claim Bonus' from a previous motor insurance policy to Bajaj Car Insurance.
Future Generali Car Insurance company takes pride in providing the service of hassle-free claims. They have a remarkable claim settlement ratio of 88.69% and over 3500+ network garages. Their car insurance policy has multiple add-on benefits, instant policy issuance, renewal reminder and towing assistance in case of accidents. They also provide Future Xpress and Xpress+ for personalised service and faster claim settlements.
SBI General Insurance Company Limited has a wide outreach and is linked to 6697 Cashless Garages. Their motor claim settlement ratio is 98%. They provide multiple covers with additional premiums. Their car insurance policy has nil depreciation. Claim Intimation, Status Tracking and Document Submission can be done through Mobile and WhatsApp. The car insurance policy of SBI General Insurance Company Limited is very user-friendly.
There are many kinds of car insurance policies available in the insurance market. It may be difficult to choose a suitable policy for one's car with affordable premiums. One can keep a few tips in mind while choosing car insurance policies.
Firstly, one should carefully consider the options available to them. Many insurance companies and agencies offer consultancy services. These services can be easily availed and are often free of cost. Consultants can help car owners choose the most suitable policy for their cars.
Car insurance policies often include a lot of additional features and add-ons. However, many of these features may be unnecessary for different car owners. Consultants can help car owners in filtering car insurance policies according to their requirements. This can help them in choosing suitable policies at low premiums.
Secondly, having a clean claim record and good credit rating can go a long way in purchasing a good insurance policy at a low premium. Many insurance companies look at the credit rating of their customers before offering them premium quotes.
Thirdly, one must take a variety of measures to keep their vehicle safe. Some insurance companies look for useful gadgets such as anti-theft devices in cars before fixing premiums.
Finally, the amount of deductible also affects the rate of the premium during the purchase of a policy. The deductible is an amount which has to be paid first when making an insurance claim. After the deductible is paid, the insurance company disburses the amount of the claim. If one chooses a higher deductible, then one can get lower premiums. However, in that case, one must be ready to pay a higher deductible when making an insurance claim.
Driving a car on the streets of Bhiwandi can be an enjoyable experience. However, the risk of accidents can spoil the fun of this experience. Having one's car insured in advance can minimise the damages posed by various risks. One should be prepared to make an insurance claim in the case of an accident. Ideally, an insurance claim should be made within a week of any incident of damage to the car. Some companies have set the time frame of claiming at 48 hours. Therefore, all policyholders need to be familiar with the process of making a claim. Car insurance companies provide several avenues to file for an insurance claim. Claims can be made through phone, text message, WhatsApp or the website of the company.
According to the Motor Vehicles Act of 1988, all car owners in Bhiwandi must have their cars insured. According to this Act, car owners must at least have third-party legal liability insurance for their cars. Under this act, it is also compulsory for all drivers to have a Certificate of Insurance. This certificate of insurance is issued by the insurance company of the car owner. It contains all the details related to the insurance policy of the car. It is advised that car owners carry this certificate with them at all times.
Individuals who are seeking to purchase car insurance should have completed 18 years of age. They must be an Indian citizen. Also, individuals should own a car. They should also possess a Registration Certificate or RC of their car.
Car insurance regulations in India also include rules related to the age of cars. These rules must be kept in mind when applying for car insurance. It is important to renew one's car insurance periodically. If the policy is not renewed in time, legal penalties can be imposed.
Those who are looking to purchase a car insurance policy should keep certain documents at hand. These documents include:
Government identity proof such as Aadhar Card/PAN Card/Passport
Policyholder's address proof such as Driving Licence/Passport/Bank Passbook
A copy of the driving licence
Vehicle registration number
A copy of the car's RC or registration certificate
Pollution test certificate of the vehicle
Existing motor insurance policy number
Card details for online payments
Answer: Yes, it is compulsory for all car owners in Bhiwandi to purchase a car insurance policy.
Answer: Only individuals who are Indian citizens can buy car insurance in India.
Answer: Comprehensive car insurance coverage is generally considered to be the best type of car insurance since it covers a range of risks.
Answer: Insurance for new cars is valid for up to three years, after which it should be renewed.
Answer: Car insurance for old cars should be renewed each year.
Answer: Car insurance for smaller and fuel-efficient cars can be purchased with lower premiums.
Answer: Luxury Vehicles are usually insured at high rates of premium.
Answer: It is illegal to drive uninsured cars on the road. Fines can be imposed for the same.