Daily Archives: March 14, 2024

What is Car Insurance? Car insurance, sometimes referred to as four-wheeler insurance, is a contract that protects four-wheelers against monetary losses brought on by unanticipated circumstances like accidents and natural disasters. It is signed by the owner of the vehicle and the car insurance provider. When driving, auto insurance is meant to protect you, your [...]

No Claim Bonus (NCB) in car insurance NCB in insurance is a benefit given by insurance companies to policyholders for not making any claims during the policy period. NCB in car insurance is an excellent way for individuals to save on their car insurance premiums. Essentially, the longer the policyholder goes without making a claim, [...]

What is IDV? DV stands for Insured Declared Value, is nothing but the current market value of your car. In case of theft or total damage to your car, IDV is the sum provided to you by the insurance provider. It is usually fixed/determined by the insurance provider. IDV is one of the major factors [...]