Education
- B.Sc. in Information and Technology
More and more people in India are driving four-wheeled vehicles. It's important to note that automobile insurance is mandatory in India, and you must get it when you buy a car.
If a car is damaged or wrecked, the Insured Declared Value Complete Form of IDV, or IDV, represents the maximum sum assured.
When it comes to the value of your car, typical wear and tear will eventually take its toll. Depreciation on your vehicle and its components will be deducted from your compensation,
Protecting your bike on the road with the help of reliable bike insurance is a must in India. But with so many bike insurance companies available, it becomes challenging for you to choose the right one according to your requirements.
Every two-wheeler loses value over time because of regular use and wear and tear. This loss in value is called depreciation. If you don't want the reduced value to affect your bike insurance claim, you can choose a "zero depreciation" cover as an extra benefit with your two-wheeler insurance. You just need to pay a little extra on top of your regular insurance premium.
Traveling by bike is one of the easiest and most convenient methods of commuting, especially in traffic-heavy areas. Unlike a car, a two-wheeler vehicle doesn't take up much space, and you can easily make your way through the other vehicles on the road. With an increase in the number of bikes in India, there is also a steady rise in the number of theft cases of the same.