WHY SHOULD YOU GET CAR POLICY RENEWAL ONLINE ?

1. WHY SHOULD YOU GET CAR POLICY RENEWAL ONLINE?

2. Car Insurance is a legal agreement between a General Insurance company and the policyholder where the Insurance company assures payment of any financial loss that the policyholder may incur to own car or to the third party due to an accident, theft, fire, natural calamities or other unfortunate events. The policyholder pays a premium to the car insurance company for this financial security. It’s a mandatory requirement to have at least a third-party car insurance in India under The Motor Vehicle Act.

3. In India, people usually buy or renew their car insurance from the dealer who sold them the car without doing much research. However, there are several drawbacks to it, some of which are listed below – • You might be paying a higher premium on the car insurance. • You may have a lower Insured Declared Value (IDV) on the car insurance. • The car insurance company may not have many cashless garage networks. • The dealer might not provide information regarding add-on covers. • The claim process is also not explained while purchasing a policy from the dealer. • The dealer might sell only third-party car insurance to all, while comprehensive car insurance might be a better option for few.  Hence, it is recommended to compare and buy car insurance online. 

4. You can follow the checklist below to compare car insurance before buying a new policy or get existing car policy renewal:

5. There are several benefits of buying new insurance or getting existing car policy renewal online. A few of them are mentioned below: • Unbiased opinion while buying or renewing online: When you buy car insurance online, you are not influenced by vehicle dealers or any specific insurance company. You can do your own research or get help from expert advisors in choosing the best car insurance for your vehicle. • Several insurance options available for comparison: You can view and compare car insurance on several parameters for different insurance companies at your convenience anytime and anywhere on the internet. • Buy a policy without paperwork and minimum documents: You can buy a new policy or get an existing car policy renewal online at the comfort of your home in a few clicks and with least documents. The policy documents are received instantly on payment directly from the insurance broker and insurance company.

6. 4.Direct payment to Insurance companies through secured payment gateway: While it is true that there are several online frauds. You need to make sure that you are on the official website of an insurance company or insurance broker to make the payments. You can make payments online by debit cards, credit cards, net banking, e-wallets on the secured payment gateways offered by insurance companies and brokers. 5.Making a claim application online: You can even request a claim online in a few steps at the comfort of your home. The insurance company arranges a staff visit to verify the damages and the claim is processed to your bank account on approval.

7. Contact us Website : https://equityseeds.in/ Address : 001, Building no 4, Shanti Garden - Sector 2, Mira Road East, Thane - 401107, Maharashtra, India. Phone No : 918850804852