Myth 2: Auto insurance gives you cover for all damages incurred on the other party by you only when you are at fault
Truth: If you have a comprehensive auto insurance coverage and a valid driving license then you will get covered for all accidents, mechanical damages, theft and terrorist attack, damages caused due to natural calamities or riots, and other technical faults. So, even if it’s not your own fault, you can still claim the expense for repairs under all the above conditions. However, if you commit an accident under the effect of alcohol or drugs then raising a claim will only lead to further fines for you added to a rejection of your claim.
Myth 3: You cannot change the insurer for your auto insurance policy
Truth: There is no truth in this claim as because motor insurance policies are available at a 2-3 years tenor, barring multi-year plans. So, you can easily switch from one insurer to another at the time of renewal to fetch additional benefits from the new insurer.
Myth 4: You will have to first pay from your pocket and then claim a reimbursement via a cumbersome process on your auto insurance policy
Truth: Settlement of insurance claims has become a fast process today. So, as soon as you call your insurer or raise any claim online, it goes for an immediate processing. Moreover, many reputed insurers today are known for their quick resolution and swift customer service. You can choose Car Insurance from trusted insurers like Bajaj Finserv. Here you can enjoy a range of benefits like zero depreciation cover, No Claim Bonus protection, key replacement, 24x7 road-side assistance, personal accident cover for you, renewal benefits, manage motor insurance online and many more along with the competitive premium comprehensive and third-party insurance cover.
Myth 5: Your NCB will automatically go to the new owner in case you sell off the car
Truth: Auto insurance cover insures both you and your car. So, when you sell your car within its existing insurance tenor, then automatically the insurance policy will get transferred to the new owner. However, the No Claim Bonus on your existing policy will still remain for you to claim. This means that, as the first-owner and a privileged policy holder, you can claim the accumulated bonus on your motor insurance policy from your insurer any time even if you sell off the car.
Myth 6: You need to buy a separate policy to insure your driver in case you hire one
Truth: You can add your driver to your existing motor insurance policy as and when required, provided he has a valid driving license. Adding him to your policy will allow you to raise claims for any accidents that happen while he is driving your car.
Now that you know the truth behind these popular myths, choose the best auto insurance policy on pre-approved offers via Bajaj Finserv to protect your car.
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