Vehicle Insurance
Vehicle Insurance: Mistakes to avoid
Vehicle Insurance guide: mistakes to avoid.
These are the errors we most often see. Avoiding them can save money and protect claims.
❌ Buying third-party only to save money
You bear every rupee of your own repair or theft loss.
❌ Letting the policy lapse
A gap can mean no cover at all, a fine for uninsured driving and loss of no-claim bonus.
❌ Not transferring a second-hand policy
The new owner must transfer the policy and NCB rules — otherwise claims may be disputed.
❌ Declaring a wrong IDV or details
Wrong details can lead to claim reduction or rejection.
❌ Claiming for small repairs
A small claim may cost you the no-claim bonus, which can be worth more. Think before you claim.
❌ Moving the vehicle after an accident
Take photos and do not move the vehicle unless needed for safety; wait for the insurer or surveyor.
❌ Ignoring add-on conditions
Zero-depreciation usually limits the number of claims per year; read the limits.