Published in Livemint Every year during monsoon, insurance companies are flooded with claims of engine seizure due to water ingression. The insurers outright reject these claims. The reason: since it’s not an accident, it’s not covered under the car insurance policy. In technical terms, engine seizure occurring due to water is known as a hydrostatic […]
Articles Tagged: Car Insurance
Car dealers may offer more, cheaper covers
Published in Mint on 19th September, 2017. Some months back, Mint Money published a story on why one shouldn’t settle for a car insurance policy that the car dealer packages with a car purchase. We advised shopping around for a cheaper policy instead of settling for this convenience. You can read it here. The good […]
It is not mandatory for you to have a driver’s licence to buy a motor insurance policy
Published in Mint on March 26, 2017, Written by Abhishek Bondia We have a vintage car in the family which is in the name of my grandfather. He is 78 years old and we will not allow him to renew his license to drive a car. We cannot sell the car and don’t want to […]
Car insurance becomes effective from the date of premium payment
Published in Mint on March 06 2017, Written by Abhishek Bondia I bought a car a few days ago and also signed my insurance papers before I took possession of the car. Unfortunately, just one day after I brought the car home, two of its tyres and the sound system were stolen. I have lodged […]