You also feel that the running of the vehicle is less but still every year is filling more Car Insurance Premium? So let us explain to you about such a vehicle Insurance Policy today, which is specially made for those who have very little running of the car.
Insurance companies sell this policy under the name Pay as You Drive Insurance. As you know that every coin has two aspects, so let us also tell you about both aspects of this insurance policy, that is, it is important to understand what are the benefits and disadvantages of this policy.
During a conversation with Kataria Insurance's motor head Santosh Sahani, it was found that insurance companies offer customers with 2500, 5000 and 7000 km options with pay as you drive insurance policy.
If you feel that your running is less than 2500 km in a year, then you can save money by purchasing a 2500 km plan. You can buy these policy according to your need. The total advantage of this insurance policy is that the premium can be reduced according to the running of the car.
Not every insurance company has such an insurance policy, there are only a few companies that provide such facilities. Santosh Sahani says that companies like Reliance and ICICI have such plans available.
The advantage is that the premium can be reduced, but now it is important to understand the loss. Suppose you have bought a policy of 2500 km, which reduced the premium but your policy will expire as soon as 2500 km is completed. After taking the policy, if you feel that the running can be more than 2500 km, then you will have to renew the policy before completing 2500 km. If the policy is not renewed, then if the car is damaged in the accident after 2500 kilometers, then the claim will not be available.
