Auto Rickshaw Insurance: Dos And Don’ts For Online Purchasing
Auto rickshaws, also known as tuk tuks or three-wheelers, are a common sight on the roads in many countries. They are often used for short distance travel and can be a convenient and cost-effective mode of transportation for both passengers and drivers.
However, just like any other vehicle, auto rickshaws are also vulnerable to accidents and damages, which is why it is important for owners to have commercial vehicle insurance coverage for their auto rickshaws.
If you are planning to purchase Auto Rickshaw Insurance online, here are some dos and don’ts to keep in mind:
DO:
- Research and compare different insurance plans: There are several insurance companies that offer auto rickshaw insurance policies. It is important to research and compare different plans to find the one that best meets your needs and budget. Look for a plan that offers a good balance between coverage and price.
- Check the policy coverage: Make sure you understand what is covered under the policy. Look for a plan that covers damages to the auto rickshaw, as well as third party liability in case of an accident involving another vehicle or property. Some plans may also cover personal accident insurance for the driver.
- Read the terms and conditions carefully: It is important to thoroughly read and understand the terms and conditions of the insurance policy before making a purchase. This will help you avoid any misunderstandings or disputes later on.
- Keep all necessary documents handy: You will need to provide certain documents while purchasing auto rickshaw insurance online. These may include the registration certificate of the vehicle, driving license of the driver, and previous insurance documents, if any. Keep these documents ready to avoid any delays in the process.
DON’T:
- Settle for the first policy you find: Don’t make the mistake of settling for the first policy you find without doing any research. Take the time to compare different plans and choose the one that best meets your needs.
- Skimp on coverage: It can be tempting to go for a cheaper policy with less coverage to save money, but this can be a risky decision. Make sure you have sufficient coverage to protect yourself and your vehicle in case of an accident or damage.
- Forget to renew the policy: Auto rickshaw insurance policies have a specific validity period, and it is important to renew the policy before it expires. Failing to renew the policy on time can lead to a lapse in coverage and leave you vulnerable to financial losses.
- Ignore the exclusions: Every insurance policy comes with certain exclusions, which are events or circumstances that are not covered under the policy. Make sure you understand the exclusions of your policy and take steps to protect yourself accordingly.
Conclusion
Purchasing auto rickshaw insurance online can be a convenient and cost-effective way to protect your vehicle and yourself. However, it is important to do your research, compare different plans, and thoroughly understand the terms and conditions before making a purchase. By following these dos and don’ts, you can make an informed decision and enjoy peace of mind on the roads.
OTHER RESOURCES
View this source on Tata Motors