A Day Without Insurance is Like a Day Without Sunshine.
Vehicle Insurance, also called motor vehicle insurance is necessary to buy for trucks, scooters, cars, bikes, etc. This insurance is compulsory that offers cover if your vehicle gets physically damaged, lost, or theft, etc. due to the human-made or natural disasters.
People save every penny to purchase a vehicle to speed up their rides for work and personal needs. On the other hand, any mishap can happen anywhere without any acknowledgment due to which the individual might have to face a lot of damage to their vehicle and have to pay a huge amount for the repair costs or replacement of the same. Therefore, it is crucial to have motor insurance for your vehicle so as to provide full safety and security.
Types of Motor Insurance Plan
Which home insurance is right for you?
Yes, you need a few documents (request letter, copy of the original policy, sale proof of the vehicle, etc) to cancel the insurance.
Legally, you can but it is not recommended.
Yes, you need an endorsement form along with the necessary documents (old RC copy, NCB recovery amount, etc) to transfer the existing policy to the buyer of the vehicle.
Only if you use your car for commercial purposes, you will be liable for tax deductions.
Yes. It is highly important to inform the Road Transport Authority (RTA) where the vehicle is registered and your Insurance Company. The RTA will make changes in the Registration Certificate (RC) accordingly, and the Insurance Company will inform you about the additional premium that you have to pay for the same.