Car Insurance & Personal Liability Insurance Quotes

Car Insurance & Personal Liability Insurance Quotes

We will take it up total income and liability insurance and P free very wild and very different subjects motor insurance most of you will be dealing with it will be hearing of it very frequently there is a very important law and that is the motor vehicle act under the floor every motor crane Road cannot come on the road without insurance to cover third party third party third party is the outsider the production the people who are on the road walking on the road and whom the way filmy hit.

Third party is the general public covered for any injuries with medical student by any motor car motor two wheeler truck bus or any other motor vehicle on the road current that has to be taken two wheelers any other vehicle and your insurance is not up to date remember you could end up paying a large amount of compensation so you have insurance as required by the law 25 amount of compensation to be paid in accident claims Tribunal which is an ACP for short amount of compensation for you have Think pad for two different elements one is called tppi that is third party personal injury to people or that two people in a motor accident whatever the court evolved that amount has to be paid to the family members are the individual injured ends.

Car Insurance & Personal Liability Insurance Quotes

Third party property damage recovery as per the lower is 6000 rupees advantages of two wheeler which is passed on the road at the side of the road the property damage claim can be paid for a maximum of 6000 but the court it here the person who is the owner of the two wheeler has to go file a case in MSC court and their after IV will pay the compensation for this is according to the law and for this reason motor Third party Insurance is compulsory the answer carefully is motor third party not owner of vehicle not owners employees what owner family they are all individuals their first part is the best all third party super motto insurance how many companies have had divided according to the old tariff broad categories one is the private car the cars which we used for then we have the two wheeler again for personal use vehicle in commercial vehicles.

We have the we have the passenger carrying vehicles taxis and buses trailer famous are introduced as individually so we can install them individually but they world space stored and wild star attached to a motive have to go use of special category very cute light antonyms of horses a film star vanity vans composed of all these come under special category motor trade promoter train means manufacturers or dealers of motor vehicles being brought from the manufacturer site Cocktail that is motor trade Roadways very cute being friend for demo driving private certificate Moto internal risk which is the dealer for storage and factory order manufacturers factory and storage location in Tirunelveli very similar but the only difference is that they have we have special licenses for the purpose motor insurance has two types of policies one is the package policy of the comprehensive policy and the other is the liability only policy live tune Li policy liability only cover is compulsory for all vehicles lying on the road to discover has to be taken in a package policy it will combine both the liability and the damage to the way call own damage show the motor third party liability only policy covers the requirement of the law that the motor vehicle act in addition.

It covers the personal accident to the owner is an individual Eon vehicle the owner travelling in his own vehicle or driving his own vehicle permanent total disablement in addition personal accident cover again that and permanent total disablement may be covered for the passengers also by an add-on and others can also be covered in a individual till which we have today and CNG LPG Gandi the package policy of comprehensive policy third party live ticker breach HDFC injustice values MS to the vehicle by some specified pedal again like fire a specified level.

What are the specified Karan fire lightning define malicious damage flood inundation earthquake landslide and accident Ravi anchor dental Dam transit within India by road railway in addition under the package policy after a damage to the nearest safe place is called also covered for small amount emergency repair also committed for small amount in commercial vehicles traditional availability that they can do I disable welcome to a safe place and if the vehicle is damage as a result of the. Xavier calamities payable under the policy no other private cars of two wheelers are permitted tutorial for their inventors and their done in the insurance companies may not pay the loan Discovery usage within India only in the case of private cars and two wheelers for social used in the case of commercial vehicles the areas India but again it is restricted depending on the promise that is given a national permit means when you are in India estate, twins restricted to the state or city permit means restricted to the city only after the damage any other expenses being cupboard because this form under consequential losses for example the various damage.

It is lying in prepared from enquiry the extra cost for travelling by taxi for my intro for all my appointments are not covered any other laws of income not covered is an exclusion normally contractual liabilities are also not covered a driver under the influence of intoxicants alcohol or drugs and causing a damage insurance company will not be liable for the damaged principal the policy is called limitation act to use the vehicle has to be with valid payment it cannot be used for racing and other speed size and speed testing food and its flow in the case of driving must have a valid driving the vehicle otherwise insurance premium rate zone by area in which the vehicle is kind of registers how old is the vehicle what it should carrying capacity Essential oil capacity of gvw gross vehicle weight the value of the vehicle if we are taking for package policy and that is idv insured declared value it is the sum insured for which the insurance is taken this is worked out as the new price of the vehicle if it's a new very killed invoice cost it is the value give the new invoice invoice cost less depreciation the depreciation is given in the policy on the new cost and worked out IDB in the event of a lost this company will pay important feature of motor insurance is no claim no claim for damage has been made under the policy for any for hear the next IAS policy in the own damage premium will have a discount for no claim bonus no claim made every year continuous here there is no claim.

Teachers Day discount will increase after one year going up to a maximum of damage premium account would be available is available only to the owner of the vehicle is Jonas has the medical and boys another vehicle we can transfer it but if we buy is there is a new way if he is the game that no claim bonus shares to pay the premium for the period benefit transfer Indian in motor insurance the types of claims own damage claims a damage to the vehicles of heptagon third party project of the people who are medicines on the road of property property includes animals call server support this property damage and it will also be payable under the motor insurance motor insurance the documents we will find the most important proposal lecture yesterday October note may be issued given to play new vehicle engine number check the number and particulars of all the very Kila not yet known for temporary cover cover note is issued it must be followed with the certificate of insurance all details much feet convert to the insurance company and then a certificate will be issued cover note in motor insurance is valid for minimum period of 15 days and can be extended by 15 days to a maximum of 60 days validity is over and it must be transferred into a certificate have the policy document of contract term when it came after that we obtain from to be friends driving licence will have to be verified the registration book that ownership who is the owner will have to be true long has to be given final bills after repair react for the first information report if its a commercial vehicle is format and fitness are also required because without that on the Motel or the registration is not valid third party claim the court will send a notice informing and insurance company has to deal with for the court summons have to be forward to insurance company so that they can appoint a lawyer to different on behalf of sensors in short boat motor insurance we will now go to the next which compulsory insurance to be anyone handling hazardous material kindly let me coin collecting manufacturing process in anyone dealing with hazardous materials must have different foreign under this in foreign countries that material there is sir accident compensation the persons were injured and permanent total disablement 5000 per person partial disablement it will be a percentage of the permanent total as the cheating doctor total disablement is available for person who was 16 years who are running and income and have been hospitalized for minimum three days and unable to attend the work for a maximum of 3 months 1050 given to them for that period of disablement the compensation will be just 2000 per month 1500-2000 in addition medical expenses of 12500 will be available to anyone who has been injured or who has suffered consequences of hazardous accident property damage like motor insurance is only for 6000 rupees inferences taken for a very limited found 5 crores for accident and 15 crores in the year the time that the Lost could be greater than that because many more people could have been injured in which case insurance and additional amount is taken and transferred to the Government of India's environment relief fund of Rs.

Will pay out if the limit on the policy is exhausted this fund with payout for any additional compensation give you all of you are familiar with the gas leak at Bhopal this inference been in this law come into force for Gopal the families of those who died in that I can sleep would have been entitled to 25000 per person those who are injured would have got medical expenses of 12558 they are unable to attend duties they would have got 1000 per month the maximum 31 medical that was invented accident takes place in the future phospholipase photos animal handling hazardous materials to have different if we do not have insurance Sun control board 10th in for a minimum of one year in addition to a fine of 100000 rupees just like motor Third party Insurance Abdul in hazardous material can take if you see the compensation was very low we can take additional insurance to cover the liability standard General Life Insurance one of the most important is yes in public life the act which the compulsory insurance the public live TV which is available for anybody even you and I could be held liable quotes of our life for example if you are staying on a in a premises and you have a flower pot and if due to a green the bell from the court on the Balcony falls down and enjoy somebody passing by you will be held liable to pay compensation for that to that enjoy party clarity LIC policy will pay the prove that you are negligence for they will file a case in the court of law and side and face decide about the compensation to be paid to this compensation can be any amount you have a public library clarity of is available for inter set manufacturers and also Mohan industrial risk officer list of schools colleges residential residential anyone can have the public life people always library policies compensation will be decided by a court of law for the court case has to be filed and Kota.

It has to be proved that it was accident and it is due to an accident that then only concentration camps bit Snapdeal it is the defect in the product that has caused an injury or a damage it could happen that a product you have come across cases like chocolate in foodstuff because you're the chocolate and you develop food poisoning awesome fitness developed and you can prove that it was because I'm chocolate then you are entitled to claim file a case against chocolate manufacturer and cream for compensation is a product product which is in the market and as a result of which word by eating or using it product live classes have a taking place because of a defect defective motor tire very common but there are many other products somebody who is using the product of outsider is affected because of the use of the products of being faced in a consequence and as a result of which they are liable model of the effort financial loss and this professional indemnity when we talk of professional indemnity we talk of authorised professional and those are loyal Gmail and of course insurance brokers sudheera professional doctor and Hospital negligence on their part as a result their clients they have to pay compensation menu of you have read in the newspaper of an operation which has gone wrong of after an operation something has been still left inside the person's body and the person has had major problems there after and subsequently found out that span of cotton and needle is inside the body Celerio invariably they go to court and plane in fact you may be aware Joseph even Hyderabad that the Hyderabad Metro at the time of being filled one part of the metro came crashing down My Little Friend constructed so people were injured pressure also a type of liability I don't wa 54013 standards of control bicycle stand fired from the profession bar council engineers and so we can define whether negligence has taken place or not an allowed officers liability if a director has not giving proper guidance and as a result people have suffered consequences they could be held liable for not working properly and today's running of the company compensation insurance.

The compensation for to work employees were injured or suffer sickness while in the course of Duty briefly for the life insurance policy all private insurance policies will have a limit to sum assured anyone accident limit for one incident just value and brother anyone here limit within 2 years this is a total faith in insurance company enumerate are depending on the Internet limit that is also on the ratio of a way to a y 282 I can be 12 12166 124 status say anyone accident 1 crore any 1 year 1 crore that's what is 21 or anyone accident 1 crore anyone your photo Plus on the turnover because that is the exposure of the number of people it is classified into various list and on that basis coverage limit the defence course and legal charges are also payable acclaim liability insurance are normally claims made policies that means insurance must be running on currently and continuously to claim under the policy because then the loss is reported and the claim actually comes under 17 many years in between policies are on the date of lost date of the accident there was an insurance but motor third party is an occurrence based policy patient is what is old workmen's compensation is also not currency accident insurance the next product policy is personal accident insurance.

It is a benefit policy which means we are not looking at income clearly we are just seeing the approximate income to arrive at a from abroad which can be changed every year companies compensate the individual for an accident disablement on permanent partial disablement find Tibetan unable to do anything partial disablement in some part of the body is lost it Pinga three fingers is known as permanent partial disablement temporary total disablement that is for some period of time unable to attend 2013 Santa for example of fracture image of a fractured to the left the person has to protect home from 60 to temporary total table that of the individual if the person is an individual has minor children and education fund of 5000 rupees is also payable for child maximum for two children event of an accident that decides education fund princess carriage of the body to the final right to the home for a day but up to a fixed amount is also a lot Bansal skin also be taken as an atom can also be taken another another policy that we have to look at and that is Health Insurance for reimbursement of medical if a person has been hospitalized auronext is hospitalization only reimbursement so the person has to be after 3 months not have an existing health current ticket system cannot anything that occurs in the first two years with regard to cataract sinus.

Maternity expenses are also not covered unless the add-on it's taking which is available for what are chapters on Fire insurance Marine and some important motor accident and life insurance affection for today but before the end up at a few questions that have been raised with yesterday's session for the session level held earlier Anil mobile 4000 what is the pool equation of a fund to pay out for any losses we have one is the Marine helpful with pic managers and the other is the terrorism pool thousands company is contributing some money every year from the premium to create capacity to payout in we are trying to increase the capacity within the country from a lot of can be covered and aquatic species amount we can look at restrorent saying subsequently inner classes you have already talked about Marine open policy and open cover as explained open policy means a policies issued for a sum assured and all declarations are made up total number of cargo going to different places to eat, instead of taking separate insurance policy taken open policy and we keep declaring cover for each location of variable resistance and it is consignment is declared and deducted from the cement for that we have ability open policy remains in post till the comment for this exhausted which time coming for is being reduced by the amount declared cover it is an agreement kept each and every time of consignment is to be sent an Official Document policy for that particular consignment for teachers on the open cover so what they do is an open cover and for that can be covered today latest declarations can be made student blessing in advance status specific policy is a single cargo insurance when dealing with consignment I take an open policy and keep declaring to the insurance company that please ensure this is for this but I have kept a limit of sum insured with them to pay for the premium ipca Rameshwar God UPA close a witches and always cover for export import Trade this policy wordings are used consignment be exported or imported the war London underwriters.

And it is standardized across the world sorry I forgot to mention in motor Third party Insurance inference for wind 4 then only that Navdeep injured in an accident your number was not known and noted and Pur to market to play in Fighters 2 days ago after I finish reflector I was going home and an accident took place just outside on the main road and two wheeler NOC turn down he ruled over and under root two wheeler also tell you so badly injured where to call for an ambulance and take him and police and he was taken to hospital is that was badly injured no unfortunately there so many operating but because the polite in an office could not found the number of the two wheeler so this is a case of hit and run because number is not know that we could not find not a gentleman who is injured can file a case under the hit and run which will be paid out of a fund call the solution fund a special fund created to pay for such accident person who cannot identify the vehicle in for the for claiming against the owner and for a small amount of compensation is given to them but he has to file a case under the second one floor listen green walls dealt with an effort app number of questions on 10 for this chapter 3 and 4 already comment but as a time is running out tomorrow when we meet I will look at an answer some of the quest Sikandar X constraints at Bihar look that fire insurance.

What we have looked at marine insurance which includes cargo insurance family Conference Hall Insurance insurance what is only the main effect of cities that Kolkata's Chennai and Mumbai are the places where you will be feeling and that and that also you will come across very few offices of people so we will as when you do you associate level you will be having a chance to look at that in more detail and understand it better now it is just to give you have picture licence it is essentially to give you a picture of the various types of products available in the market and the concept and how insurance customer practice motor insurance General Insurance all of you would come across in your day to day work