The common man asks one real question…in case of motor accident claim, what am I expected to do? This is what will be discussed in this article. The policy wording reads ‘this policy and the schedule shall be read together and any word or expression to which a specific meaning has been attached in any […]
Tag: Motor Insurance
10. Limitation as to Use
There are certain general exceptions in the Motor Insurance Policy. These are applicable to all sections of the policy. The present one which is being discussed reads as follows: “The company shall not be liable under this policy in respect of any accidental loss or damage and / or liability caused, sustained or incurred whilst […]
9. Loss or Damage to the Vehicle Insured
Motor insurance policy is compulsory. We have to subscribe. There is no option given by the law. We pay thousands of rupees towards premium. We know, very generally, two phrases: Comprehensive and Third-Party insurance. If I were to ask anyone – What is comprehensive insurance, they will simply say it covers everything!! It includes all. […]
7. Right to Inspect
Right to Inspect – No website or a blog that deals with the motor insurance policy has talked of the issue which is being said here. An extract from the Motor Policy Document:“The insured shall take all reasonable steps to safeguard the vehicle insured from loss or damage and maintain it in efficient condition.”Further, “The […]
6. Vehicle or Car / Damage or loss
I am going back again to the application or proposal form to write about the three terms: Vehicle or car and damage or loss. What is a vehicle? The term vehicle or car are used in the Private Car Package Policy application interchangeably. Anyone can have a picture of a vehicle or of a carin […]
5. Are you a member of Automobile Association of India?
I am dealing with the other question…’Are you a member of Automobile Association of India?’ If yes, please submit a membership copy. Firstly, there is no such association called Automobile Association of India. When I queried on my computer for the website of Automobile Association of India, I was directed to a website called Automobile […]
4. Whether the car is certified as vintage car by Vintage and Classic Car club of India?
There is a question that attracted my attention in the Motor Insurance application form. Thatquestion is: ‘Whether the car is certified as vintage car by Vintage and Classic Car club of India?’ Vintage and Classic Car Club of India…what is it? I was curious to know more about this Vintage andClassic Car Club of India? […]
3. Total Loss & Constructive Total Loss
In page 2 of the Motor Insurance application, these magic words are found – Total Loss and Constructive Total Loss. The wording is as follows: “The schedule of age-wise depreciation as shown alongside is applicable for the purpose of Total Loss/Constructive Total Loss (TL/CTL) claims only. They have given age-wise depreciation schedule also in the […]
2. What is a Motor Insurance Proposal?
Proposal in simple English means an application. We submit an application to an insurance company requesting for insurance. Examples: An application for a job; an application for admission in a college; and an application for waiver of fee etc. An application is a written statement wherein a motor insurance customer writes about himself, hisassets, income, […]
1. Motor Insurance Application or Proposal Form
At the very beginning, two interesting conditions are present in the application form:1) Policy wordings are available on request2) Please complete all sections in capitals and tick boxes wherever applicable. I am a common man. I do not have the requisite technical knowledge of insurance or its terminology. And Motor Insurance is compulsory! I do […]
