Why Motor Insurance is Important

Importance:

• Cover unexpected expenses due to accidents or theft
• Reduce financial stress and anxiety
• Protect your vehicle's value
• Comply with legal requirements

Types:

• Third-Party Insurance: Covers damages or injuries to others
• Comprehensive Insurance: Covers damages or losses to your vehicle and third-party liabilities
• Own Damage Insurance: Covers damages or losses to your vehicle only

Key Points to Consider:

• IDV (Insured Declared Value): Ensure the IDV is accurate to avoid under-insurance
• Coverage for Accessories: Check if the policy covers vehicle accessories
• No Claim Bonus (NCB): Understand the NCB structure and its benefits
• Deductibles and Co-payments: Understand any deductibles or co-payments applicable
• Additional Benefits: Look for extra benefits like roadside assistance, towing, and ambulance cover

Additional Features:

• Zero Depreciation Cover: Covers depreciation on vehicle parts
• Engine and Gearbox Protection: Covers engine and gearbox damages
• Tyre and Rim Protection: Covers tyre and rim damages
• Key Replacement Cover: Covers replacement of lost or stolen keys
• Personal Accident Cover: Covers injuries or death of the driver or passengers
• Passenger Assistance Cover: Covers medical expenses for passengers
• Roadside Assistance Cover: Covers towing, fuel, and other roadside expenses
• Anti-theft Device Discount: Discounts for installing anti-theft devices
• Voluntary Deductible Discount: Discounts for choosing a higher deductible
• Loyalty Discount: Discounts for renewing policies with the same insurer

Remember, it's essential to carefully evaluate your needs and compare policies before making a decision.

Call us - our financial planners help you with personalized guidance.