{"id":16644,"date":"2024-10-25T13:20:06","date_gmt":"2024-10-25T13:20:06","guid":{"rendered":"https:\/\/popularreads.co\/uncovering-the-top-5-car-insurance-myths-in-india\/"},"modified":"2024-10-25T13:20:06","modified_gmt":"2024-10-25T13:20:06","slug":"uncovering-the-top-5-car-insurance-myths-in-india","status":"publish","type":"post","link":"https:\/\/popularreads.co\/?p=16644","title":{"rendered":"Uncovering the top 5 car insurance myths in India"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 40 Second <\/div>\n\n <\/div>

Mumbai, Maharashtra, India:<\/strong> Zurich Kotak General Insurance, an insurer uncovers the top 5 car insurance myths in India. Many Indian car owners hold misconceptions about <\/span><\/span>car insurance\u2019s<\/u><\/span><\/span><\/a> benefits and workings. Let\u2019s know the truth about the top 5 car insurance myths in India.<\/span><\/span><\/p>\n

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Top 5 myths about car insurance in India<\/strong><\/span><\/span><\/p>\n

Here\u2019s the guide on reality about the top 5 car insurance myths in India:<\/span><\/span><\/p>\n

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Myth 1: Third-party insurance is adequate<\/strong><\/span><\/span><\/p>\n

Many car drivers in India believe <\/span><\/span>third-party insurance<\/u><\/span><\/span><\/a> is enough. However, this coverage only protects against damages to third-party and not own car damages.<\/span><\/span><\/p>\n

Reality<\/strong><\/span><\/span><\/p>\n

Comprehensive insurance<\/u><\/span><\/span><\/a> offers coverage for own car damages, personal accidents and third-party liabilities.<\/span><\/span><\/p>\n

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Myth 2: No-Claim Bonus is transferable<\/strong><\/span><\/span><\/p>\n

Few policyholders assume No-Claim Bonus can be transferred to a new car.<\/span><\/span><\/p>\n

Reality<\/strong><\/span><\/span><\/p>\n

No-Claim Bonus is linked to the policyholder and not to the car. It can be transferred to a new policy, but it cannot be transferred to a new car owner.<\/span><\/span><\/p>\n

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Myth 3: Insurance premiums increase with vehicle age<\/strong><\/span><\/span><\/p>\n

Many policyholders believe insurance premiums increases as the vehicle ages.<\/span><\/span><\/p>\n

Reality<\/strong><\/span><\/span><\/p>\n

Premiums tend to decrease with car depreciation. However, claim experience and other regulatory factors may influence the insurance premium rates.<\/span><\/span><\/p>\n

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Myth 4: Small repairs are not covered under insurance<\/strong><\/span><\/span><\/p>\n

Some policyholders assume that minor repairs are not covered under insurance.<\/span><\/span><\/p>\n

Reality<\/strong><\/span><\/span><\/p>\n

Minor repairs are also covered under car insurance however there is a compulsory deductible and NCB benefit which can be impacted.<\/span> \u00a0<\/span><\/p>\n

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Myth 5: Car insurance doesn\u2019t cover damage from rat bites<\/strong><\/span><\/span><\/p>\n

Many policyholders assume that rat bites are not covered under car insurance.<\/span><\/span><\/p>\n

Reality<\/strong><\/span><\/span><\/p>\n

Comprehensive car insurance does cover damage caused by rat bites which many policyholders may not be aware.<\/span><\/span><\/p>\n

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Key points to consider while buying car insurance<\/strong><\/span><\/span><\/p>\n