Bharti AXA CAR Insurance 10 Car Insurance Myths You Should Completely Avoid 2 May 2018 10 Car Insurance Myths You Should Completely Avoid Are you going to buy a car insurance policy for yourself? When you are on the verge of buying a reliable car insurance online for your vehicle, it is important to understand properly all the possible aspects that might affect the overall premium and longevity of the insurance plan. If you are new to the concept of buying a car insurance policy, there are higher chances of getting confused about the same. To help you out, we have listed some of the top motor car insurance myths that you must avoid in order to buy the best one out there: An Old Car Doesn’t Need a Car Insurance: Quite contrary to this belief, it has been mandatory by the Indian Government under the Motor Vehicles Act, 1988 to go for buying a car insurance policy if you own or are buying a car. With the higher probability of older cars being stolen, it is highly vital for you to ensure its safety by buying a proper four wheeler insurance policy from a reliable car insurance service provider Car Insurance Only Offers Coverage When You are Not at Fault: Even if the car accident or some major damage has been caused to the third-party in case it is your fault, then also you can get ample coverage by buying the third-party car insurance plan. This car insurance plan is used for offering compensation against damages or loss to the third-party when you are at fault. Third-Party Car Insurance is Enough for My Old Car: A third-party liability cover offers coverage only for the damages or loss caused to the third-party. There is no coverage for the damage caused to your vehicle. As such, you must go for buying the comprehensive car insurance policy as well. NCB will be Lost Once Policy is Transferred to Another Insurer: NCB (No Claim Bonus) serves to be a type of reward offered to the policyholder during each insurance period. Your NCB typically follows wherever you would go. This implies that even while transferring the car insurance from one insurer to another, there is no loss of NCB taking place. NCB will Automatically Go to the New Car Owner Upon Selling: NCB (No Claim Bonus) serves to be your personal asset when you buy the particular motor car insurance policy. Only you have the proper rights on your NCB. Insurer Cannot be Changed Once Bought: Most of the common motor car insurance plans are valid only for around 1-2 years, except for the multi-year insurance plans. There is no fact that the particular insurer cannot be changed once you have bought the insurance plan. Insurance Policy Covers All Damages Caused by You: Usually, however, not always! For instance, if you are convicted of drinking & driving your car, your car insurer would turn down the claim right away. There are exclusions to every insurance policy that must be noted down by you. A Separate Policy is Needed for the Driver: It is recommended to include your driver in the given insurance policy. There is no separate policy required for your driver. The only requirement is for your driver to possess a valid driving license. The Claiming Process is Highly Complex: With car insurance online services, the claiming process has become a cakewalk. You just need to visit the proper insurer’s site and then fill the required details online towards making the claim. Claim Reimbursement is Complex: Whether you are paying for it or not, the claim gets reimbursed to you easily. Make sure you go for the best car insurance policy! Explore Our Products Car Two Wheeler Travel Health Bharti AXA Advantages We've raised the bar in being your Car's ideal insurance companion 3.5 MILLION ISSUES CLEARED 4500+ CASHLESS GARAGES IN INDIA 79 BRANCHES ACROSS INDIA 24/7 CLAIM ASSISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.