VEHICLE INSURANCE LETSGO

February 19 2019

Your electricity bill payment gets easier with FreeCharge!. Trusted by over 27 million users, FreeCharge is your one-stop shop for online recharges and bill payments! There are many online bill ...

https://letsgosoftech.co.in/

LETSGO SOFTECH

LETSGO SOFTECH VEHICLE INSURANCE

*Vehicle Insurance Let’sgo - *
Vehicle insurance (also known as car insurance, motor insurance or auto
insurance) is insurance for cars
, trucks
, motorcycles , and
other road vehicles. Its primary use is to provide financial protection
against physical damage or bodily injury resulting from traffic collisions
and against liability
https://letsgosoftech.co.in/ that
could also arise from incidents in a vehicle. Vehicle insurance may
additionally offer financial protection against theft
<http://www.letsgo.co.in/>https://letsgosoftech.co.in/vehicle sustained from events other than traffic collisions, such as keying
<http://www.letsgo.co.in/>, weather or natural disasters
<http://www.letsgo.co.in/>, and damage sustained by colliding with
stationary objects. The specific terms of vehicle insurance vary with legal
regulations <http://www.letsgo.co.in/> in each region.

History – Vehicle Insurance Let’sgo – Widespread use of the motor car began
after the First World War in urban areas. Cars were relatively fast and
dangerous by that stage, yet there was still no compulsory form of car
insurance anywhere in the world. This meant that injured victims would
seldom get any compensation in an accident, and drivers often faced
considerable costs for damage to their car and property.
A compulsory car insurance scheme was first introduced in the United
Kingdom with the Road Traffic Act 1930. This ensured that all vehicle
owners and drivers had to be insured for their liability for injury or
death to third parties whilst their vehicle was being used on a public
road. Germany enacted similar legislation in 1939 called the “Act on the
Implementation of Compulsory Insurance <http://www.letsgo.co.in/> for Motor
Vehicle <http://www.letsgo.co.in/> Owners.

In many jurisdictions, it is compulsory to have vehicle insurance before
using or keeping a motor vehicle on public roads. Most jurisdictions relate
insurance to both the car and the driver; however, the degree of each
varies greatly.
Several jurisdictions have experimented with a “pay-as-you-drive” insurance
plan <http://www.letsgo.co.in/> which utilizes either a tracking device in
the vehicle or Let’sgo vehicle diagnostics. This would address issues of
uninsured motorists by providing additional options and also charge based
on the miles (kilometers) driven, which could theoretically increase the
efficiency of the insurance <http://www.letsgo.co.in/>, through streamlined
collection

Auto insurance in India <http://www.letsgo.co.in/> Vehicle Insurance
Let’sgo deals
with the insurance covers for the loss or damage caused to the automobile
or its parts due to natural and man-made calamities. It provides *accident
cover for individual owners* of the vehicle while driving and also for
*passengers
and third party legal liability*. There are certain general insurance
companies who also offer online insurance service for the vehicle
<http://www.letsgo.co.in/>.

Auto insurance in India <http://www.letsgo.co.in/> is a compulsory
requirement for all new vehicles used whether for commercial
<http://www.letsgo.co.in/> or personal use. The insurance companies have
tie-ups with leading automobile manufacturers. They offer their customers
instant auto quotes. Auto premium is determined by a number of factors and
the amount of premium increases with the rise in the price of the vehicle.
The claims of the auto insurance in India can be accidental, theft claims
or third party claims. Certain documents are required for claiming auto
insurance in India, like duly signed claim form, RC copy of the vehicle,
driving license copy, FIR copy, original estimate and policy copy.

There are different types of auto insurance in India: Private Car Insurance
– Private Car Insurance is the fastest growing sector in India as it is
compulsory for all the new cars. The amount of premium depends on the make
and value of the car, state where the car is registered and the year of
manufacture. This amount can be reduced by asking the insurer for No Claim
Bonus (NCB) if no claim is made for insurance in previous year.[
<http://www.letsgo.co.in/>

Two Wheeler Insurance <http://www.letsgo.co.in/> – Vehicle Insurance Let’sgo
– The Two Wheeler Insurance <http://www.letsgo.co.in/> in India
covers accidental
insurance <http://www.letsgo.co.in/> for the drivers of the vehicle. The
amount of premium depends on the current showroom price multiplied by the
depreciation rate fixed by the Tariff Advisory Committee at the beginning
of a policy period.

Commercial Vehicle Insurance – Vehicle Insurance Let’sgo – Commercial
Vehicle Insurance <http://www.letsgo.co.in/> in India provides cover for
all the vehicles which are not used for personal purposes like trucks and
HMVs. The amount of premium depends on the showroom price of the vehicle at
the commencement of the insurance period, make of the vehicle and the place
of registration of the vehicle. The auto insurance generally includes:

- Loss or damage by accident <http://www.letsgo.co.in/>, fire,
lightning, self ignition, external explosion, burglary, housebreaking or
theft, malicious act
- Liability for third party injury/death, third party property and
liability to paid driver
- On payment of appropriate additional premium, loss/damage to
electrical/electronic accessories
-https://letsgosoftech.co.in/

The auto insurance does not include:
- Consequential loss, depreciation, mechanical and electrical breakdown,
failure or breakage
- When vehicle is used outside the geographical area
- War or nuclear perils and drunken driving
Third-party insurance
https://letsgosoftech.co.in/
This cover is mandatory in India under the Motor Vehicles
<http://www.letsgo.co.in/> Act, 1988. This cover cannot be used for
personal damages. This is offered at low premiums and allows for third
party claims <http://www.letsgo.co.in/> under “no fault liability. The
premium is calculated through the rates provided by the Tariff Advisory
Committee. This is branch of the IRDA (Insurance Regulatory and Development
Authority of India). It covers bodily injury/accidental death and property
damage
Coverage levels
https://letsgosoftech.co.in/
Vehicle insurance can cover some or all of the following items:
- The insured party <http://www.letsgo.co.in/> (medical payments)
- Property damage caused by the insured
- The insured vehicle (physical damage)
- Third parties (car and people, property damage and bodily injury)
- Third party, fire and theft
- In some jurisdictions coverage for injuries to persons riding in
the insured vehicle is available without regard to fault in the auto
accident (No Fault Auto Insurance)
- The cost to rent a vehicle if yours is damaged.
- The cost to tow your vehicle to a repair facility.
- Accidents involving <http://www.letsgo.co.in/> uninsured motorists.
https://letsgosoftech.co.in/
Different policies specify the circumstances under which each item is
covered. For example, a vehicle can be insured against theft, fire damage,
or accident damage independently.
https://letsgosoftech.co.in/
If a vehicle is declared a total loss <http://www.letsgo.co.in/> and the
vehicle’s market value is less than the amount that is still owed to the
bank that is financing the vehicle, GAP insurance
<http://www.letsgo.co.in/> may cover the difference. Not all auto
insurance policies include GAP insurance. GAP insurance is often offered by
the finance company <http://www.letsgo.co.in/> at time the vehicle is
purchased.

https://letsgosoftech.co.in/