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Best Car Insurance Plans
Best Car Insurance Plans
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No matter how much protection you provide, your pricey possession is not free from risk on road. And you can
imagine how much even a single accident will cost you. And you have not provided your prized possession with
enough protection until you insure this with adequate add-on insurance covers such as Return to Invoice, along with
the basic insurance. Here’s why!
Mehta’s newly-bought car was stolen from the parking area when he parked it outside his residence at night. As soon
as he realised the situation, he rushed to file an FIR against the loss and informed his insurer. his claim was accepted
and Mr Mehta was sure of getting the full value of his car under his comprehensive cover. But while the settlement
amount was received it bought sheer disappointment as Mehta was not compensated with the full value his car. Then
only he came to know that even a new car is stolen, the insurer can’t pay the full amount. Instead, they can pay
something equal to the IDV.
Moreover, if you stay is a theft-prone area or you don’t have a secured parking area, you must consider this cover.
The invoice cover usually includes one-road price, registration costs, road tax, dealer’s handling etc. When you claim
your insurance using Return to Invoice for your stolen car or completely/partially damaged car, the insurer is bound
the rather pay the invoice cover in full or evade one or more charges under the above specifics.
Or they may compensate with a specified amount say 10% or 20% compensation, apart from the car’s showroom
price mentioned in the actual invoice.
Thus, Return to Invoice cover plays its role of saving you from paying a huge depreciation amount and get the full
value of the car.