GENERAL INSURANCE BLOG

Moving to a new house can be an exciting change. And downsizing to a smaller place is beneficial for many reasons, including saving money and getting rid of unused space. However, it can be a challenge to decide which things to take with you and which to give away. If you get emotionally attached to your possessions, this kind of a move may be difficult for you. It's good to have a few tips up your sleeve for an efficient and clutter-free move.

Here are a few things to keep in mind while downsizing your house.

1. Give away or throw away:
One of the effective ways to make room in your new smaller house is by giving or throwing away the items that are no longer in use. For example, if you still have your primary school books or old clothes, you could donate them to the needy. For things that you cannot give away, you can recycle or simply throw them away.

2. Avoid renting storage units:
Storage units can be a great place for storing items when you do not have enough space in your house. They allow you to keep things you no longer use or need. However, before renting one, ask yourself whether you really need it and if you are willing to pay its rent for the next ten years. Remember one rule: if you have not used the item in the last year, you do not require it anymore.

3. Measure out your new space:
It is advisable to measure the dimensions of each room and other vital spaces of your new home. Make sure to get accurate measurements to eliminate any unnecessary furniture that won't fit. Try to manage and utilize the available space smartly to avoid any issues in adjusting to the new environment.

4. Make money for your move:
If you have numerous items that you do not need but can still be used by other people, you can set up a neighbourhood garage sale or resell them online. Create advertisements to generate awareness about your shop.

5. Avoid additional costs:
When you downsize to a smaller house, it can be tempting to buy new furniture that would go with your new place. However, this can cost a hefty amount of money. Think of how you can make the best use of your current furniture, and if you must purchase new things, aim to buy used ones whenever possible.

Setting up a few rules and focusing on what you need and do not need can make your move easier. While you're at it, it might be wise to re-evaluate your home insurance policy. Investing in the best home insurance policy in India will provide you with protection and safety in your new place. If you already have an insurance plan, don't forget to inform the firm about the change in your address to ensure you continue to receive the benefits.

Click HERE to protect your new home with a layer of best home insurance policy in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

You are aware of the importance of cleaning and maintaining your two-wheeler, which can help you extend the life of your vehicle. But do you know that the trunk is often the most neglected space of your two-wheeler?

Your helmet, papers, groceries, umbrella, water bottles, etc., are primarily stored in the trunk of your two-wheeler. This makes it most susceptible to dust and dirt. In this article, we will take a look at a few easy ways to keep your trunk clean.

1. Organize:
The first step to maintaining a clean trunk is to keep everything organised. Try keeping your papers, first aid, and helmet systematically instead of throwing them into the boot. Store the essential documents in clean zip-lock plastic to avoid tears. Keep the first aid in a small pouch for easy access in an emergency. Efficiently organising the materials within the trunk helps you keep the space clean and provides you with easy access whenever you want something.

2. Dry cloth:
We tend to keep the helmets or wet umbrellas directly inside the trunk without giving a thought. One way to ensure clean trunk space is always keeping a dry cloth handy. If it is necessary to keep your wet umbrellas in the boot, keep the umbrella in plastic before placing it into the boot. To ensure that there is no water left, take a dry microfiber cloth and pat dry the area inside the boot. Do not forget to dry the area just under the seat as well. Moisture can lead to corrosion, eventually eating up the entire chassis. To avoid this, always ensure that your vehicle is dry.

3. Use sprays and cleaning solutions:
Ever so often, use mild cleaning liquid to clean the space out. Use a damp cloth to wipe down the area. After this, use the soap to wipe down inside the boot. Use a dry cloth to wipe off any remaining liquids to avoid stains.

4. Accidental spills:
Sometimes, we forget our shopping bags and end up stuffing our trunks with groceries and other essentials. This can create a chance of an accidental spill. Always use a dry cloth and a plastic container to take out the waste. After clearing out the spill, use a wet cloth to wipe down the boot’s insides. Use a non-corrosive spray or a sanitizer to get rid of the greasiness. Use another dry cloth to get rid of the residue. If you notice any dirt inside the nooks and corners, use an old toothbrush or a makeup brush to reach the area and clean out the excess gunk.

These are a few ways in which you can ensure clean trunk space. In the future, if you wish to sell your bike, a well-maintained and clean vehicle is a testament to the excellent ownership displayed by you. Another way to add value to your vehicle is by investing in the best two wheeler insurance in India. Being a responsible owner, you must ensure the safety of your two-wheeler by having the best deals to get guaranteed financial protection against any accident.

Click HERE to know more about the best two wheeler insurance in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

When you go out for a drive, hearing your tyre burst is the last thing you want. It can lead to a deadly accident. Many companies have now introduced tubeless tyres to reduce the chances of a blowout. However, there is very minimal time to control your bike if one does happen.

Since time is of the essence in such emergencies, it is important to know exactly what you need to do. So before going on your next ride, make sure you go through the following tips on controlling your bike after a tyre burst.

1. Do not hit the brakes instantly:
Whenever something goes wrong while driving or when we sense an emergency on the road, our natural instinct is to hit the brakes. However, this is not the universal solution to all emergencies. When you press the brakes suddenly, you may be thrown off your bike into the oncoming traffic.
If you are travelling at high speeds, more than 90 kmph, applying brakes suddenly can result in dangerous situations. Pressing brakes at high speeds can make the vehicle wobble, causing you to lose control of it. Instead, you should try rolling on the bike without using the brakes at all.

2. Maintain appropriate speed:
Speeding is one of the leading causes of accidents occurring on the road. When you go over the speed, say, more than 100 kmph, you are more likely to face a nasty collision in case of a tyre burst.
The chances of safely coming to a halt on time are much higher when travelling at slow/safe speeds. On the other hand, speeding will make your bike uncontrollable during a tyre burst and reduce or eliminate the chances of recovery afterwards.

3. Use engine braking:
If you have a bike with good engine braking, you can use that to slow down your vehicle instead of hitting the brakes. When your bike suffers a tyre burst, shift down the gears and accelerate using engine braking to slow down gradually. By this method, your bike will not suffer from the shock of sudden braking, and the chances of losing control of your bike will reduce significantly.

4. Keep your bike straight:
When experiencing a tyre burst, there isn't much time to avoid an accident or think about directions. However, to save yourself, you should try to keep your bike straight and steady. Turning the motorcycle or veering can worsen the situation.

Of course, if there is a danger zone in front of you, making a turn is the only choice. However, do this with acute linearity because a sudden directional change can unbalance the bike and result in a mishap.

Accidents are unpredictable and can happen when we least expect them. Keeping a check on your bike and conducting regular maintenance can prevent an unexpected tyre burst. In addition to it, secure yourself and bike in such uncertain times through individual accident insurance. Ride safe so that you enjoy riding your bike again!

Click HERE to buy the best individual accident insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Workers are the backbone of any manufacturing facility. Working relentlessly to get the best quality products is a result of their hard work. But sometimes, we tend to neglect the importance of these workers and take their safety for granted. Inspection of workspace safety throughout the day is one way to ensure a safe environment in the factory. This also shows that you care for your employees and their well-being. Safe working spaces have a direct effect on the productivity of the workforce.

In this article, we will discuss a few ways in which you can ensure the total safety of your workers.

1. Usage of machines and their maintenance:
Improper use of machines is one of the leading causes of workplace injury. Using tools and equipment for their intended purpose only is the first step to avoiding an accident. For the newer workforce, orientation sessions can be conducted to familiarise them with the latest tools and machinery. Regular cleaning and inspection should also be made part of their work to ensure added safety and extended lifetime of the machines.

2. Clear the aisles:
Aisles are the most used parts of a factory. Be it the moving of various things from one place to another or simply the employee movement within the facility. It is extremely important to frequently clean the space if the area is used for liquids and other greasy materials. Clean up any spillage immediately to ensure the best working conditions. Also, make sure that there are no small parts of the machinery lying around that might cause tripping and falling.

3. Keep emergency exits clear:
Blocked emergency exits have been the reason for some of the most dangerous and fatal hazards in manufacturing units and factories. To ensure safe access to the exit, avoid blocking emergency exits. A cluttered work area will also pose a danger if one wants to exit immediately. Placing different objects in their specified storage areas will help keep the work area clean and organised.

4. Eliminating fire hazards:
Working with combustible materials can pose real threats to your factory and the people working in it. If you work with combustion tools, keeping only the required amount at hand can ensure a lesser chance of any danger. When not using the chemicals, keep them stored in a cool dark place away from ignition points. Do not forget to store the waste in metal holders and dispose of it daily.

5. Take breaks:
Work-related injuries are caused due to strained muscles and over exhaustion by the workers. When tired and burnt out, one finds it difficult to focus and deliver top-quality work. Instead, taking regular breaks ensures alertness during work. Providing the workers with proper restrooms and clean drinking water facilities is another way to ensure that your workers are taken care of and that you care for their well-being. A rule of thumb is to allow a fifteen-minute and a thirty-minute break for working for four hours and six hours, respectively.

These are a few ways to ensure that your workers are safe at the facility. Investing time and efforts for the well-being of your workers will provide a dedicated workforce that delivers top-quality outcomes. To add more value to their lives and work, invest in public liability insurance to help them and your factory in an emergency and cover the medical and other expenses incurred during the process.

Public liability insurance is a safety net that provides financial protection if your business faces a compensation claim due to a worker’s injury or property damage. Do not forget to look for the best public liability insurance India options.

Click HERE to find out more about public liability insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

A driving test can be one of the biggest challenges for many. The exam can elevate multiple emotions and increase your stress about the final results. However, getting your driver’s licence and getting out on the road is a joyful feeling.

To help you pass the test with ease, here are a few tips that will come in handy.

1. Stay calm and do not panic:
It is normal to feel anxious and worried about the driving test. There are high chances of messing up when you are stressed. Therefore, avoid panicking during the exam and plan out your approach with a calm mind.

2. Get experience:
Practice and experience are two essential elements of passing the test. And both these elements complement each other. Without proper practice, you won’t be able to gain the experience that you might need. Get to know all the rules and regulations, and have an experienced driver to guide you on the dos and don’ts of driving.

3. Take the car that is familiar to you:
One of the critical tips to pass the driving test is to take your car with you. An unfamiliar vehicle can make giving the exam challenging. For example, if it rains, you will be comfortable handling your car’s controls rather than searching for the controls in a vehicle that is new to you. Another benefit of taking your car is that you will be familiar with the car’s judgment, and the test will go easier.

4. Use both hands for steering the wheel:
For a positive result and better judgment, use both your hands to get the grip of your steering wheel. Using only one hand may create difficulties in driving, resulting in a failed driving test.

5. Learn to drive in different conditions:
Weather is unpredictable. Hence, you must learn how to drive in different weather conditions, so you are always prepared in case of any sudden weather changes. Furthermore, practising driving in various weather conditions will help you be on the safer side.

6. Keep your basics right:
It is common for people to forget the basics while they are tense. Due to nervousness, standard rules such as checking mirrors can slip from the mind. Avoid making common mistakes like not checking the surroundings, lack of focus while reverse parking, and more. Keeping your basics right will help ease the burden and ensure a favourable outcome from your driving exam.

7. Do not hesitate to ask questions to the examiner:
Often, people feel scared to ask questions to the examiner in a fear that they will sound stupid or what the examiner might think. If you are unclear about what the examiner asked you to perform, do not hesitate to ask them to repeat what they said. Open communication is the key to passing your driving test without messing up.

8. Arrive at least 30 minutes before the given time:
Do not panic and rush to the location at the last hour. Doing so will create unnecessary stress and put you in a panic mode, affecting your driving exam. Therefore, get there 30 minutes before the scheduled test to get an idea about the surroundings.

Driving tests can be cleared quickly with a calm mind and following the tips mentioned above. Once you pass the tests, ensure that you follow all the traffic rules. Always carry essential documents with you, such as your driving licence, PUC, online car insurance details, so that you will be all clear even if the traffic police stops and question you.

Click HERE to know more about online car insurance plans best suited for your car.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The chain on the motorcycle is one of the essential parts that helps its swift motion. A loose or malfunctioning chain would restrict the vehicle's movement. Regular maintenance and oiling are a few ways to ensure that the chain on your bike is working correctly. However, even after proper upkeep, we often encounter situations when the chain is loose. One of the main reasons for loose chains is untightened bolts. Other reasons can be a worn-down chain, mismatched teeth alignment, or the wrong sized chain.

Loose chains can have hazardous consequences. You can lose control of your bike, which can be threatening, especially on a busy road. Chain breakage can hurt the biker's leg and cause injuries. It can also get caught between the wheels and cause an abrupt stop, leading to the bike toppling over.

In this article, we will discuss a few ways to avoid the constant slipping of the chains.

1. Fixing new chains:
Brand new chains tend to stretch a little. The interlinking joints wear into each other gradually. It is advisable to ride at least fifty kilometres to loosen up the new chain a bit. Since the quality of chains can vary depending on the company and the metal, riding for long distances allows the new chain to adjust and get to the optimum stretch. Once you feel like the chains have loosened up a little, you can tighten them. After this initial step, you would not need to worry about the chains for some time.

2. Tightening the bolts:
Sometimes the bolts are not tight enough or become loose over time. Talk to a mechanic and understand how much the bolts need to be tightened to keep the chain in place and prevent it from slipping away.
If you are someone who goes off-roading and manoeuvers through treacherous tracks, then this tip might be helpful to you. The constant jerks and tension that your bike goes through can also lead to the loosening of the bolts. Using a lock nut can help prevent these bolts from loosening.

3. Replacing the sprockets:
If you notice that the teeth on your chains have been worn down, you must replace them. Even if only one tooth has been affected, it can cause damage to the others as well. So timely replacement of the sprockets is vital to ensure that your chain lasts longer.

4. Changing the chain:
Over time the chains experience considerable wear and tear and can have almost no functionality. This will require you to make changes and alterations to the chain constantly. If you face this problem frequently, it is high time to consider changing the chain altogether.

These are a few ways to ensure your chain is working correctly. Chain lubrication is another way to ensure your chain lasts longer and remains intact in its position. A well-functioning chain is vital to the overall health of the bike.

Worn-out chains can cause severe accidents and be dangerous for yourself and others on the road. Broken chains can impact your bike's performance. To safeguard yourself against repair expenses, you must look into bike insurance online. With the ease of technology, now you can browse through multiple options and make hassle-free investments in the best bike insurance that satisfies your requirements. By buying bike insurance online, you get an additional advantage of instant service and a reasonable premium by eliminating intermediaries.

Click HERE to check out bike insurance online.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Most households should foresee drainage issues. We can only hope that the drains in our homes are in good condition because they are out of our sight. But several early indicators alert us to a drainage issue. If left unattended, these drainage concerns put people at risk and give rise to crises like safety, health, and financial problems when dealing with poor drainage conditions.

Seven typical drainage issues have been discovered to guarantee a flawless drainage system by sorting these issues:

1. Even with safety precautions, a clog in the drain system is unavoidable, and people flush many things down into the drain. Although it might begin as a slow-moving drain, it could eventually worsen and end up blocked. It is crucial to try an at-home fix for a blockage as soon as it gets noticed.

2. The installation, regular cleaning, and maintenance of gutters and downspouts are essential for the exteriors of dwellings. Numerous issues have arisen when several people take responsibility for their work independently. Both insufficient pipe installation and a lack of plumbing experience are the leading causes. If pipes aren't put in the right way, they can cause plumbing issues, broken tubes, and other property damage, along with the improper passage of sewage.

3. Drain pipes are subjected to a lot of wear and tear, resulting in fractures or cracks that cause the pipes to have open joints. Water leaks from these cracks could result in serious issues in the neighbourhood and even structural damage. Another indication of leaks and an excess of moisture is the development of mould. Pest infestations that enter through pipeline cracks are another issue about pipe breaking and leakage. Fortunately, one can easily fix these problems with prompt diagnosis.

4. With the right slope, water will flow away from the house. It has a big effect on the slope of the land so that the drainage moves away from buildings, especially in places that need to be paved, like parking lots and driveways. Sometimes, the builder might get this wrong and let water seep in or get stuck in the structure, damaging the walls.

5. The growth of plants can be dangerous to plumbing. In the trenches built around pipes and drains, tree roots can obstruct or destroy pipework as they develop and spread. They can enter the drainage system through openings, mainly already-damaged joints. They usually leave a mess of odours and have significant health risks.

6. Heavy rain or storms and the debris they leave behind can cause clogs, floods, or overflows in the drainage system if not appropriately covered.

7. Flooding can put pressure on pipes and can damage the ground. An inadequate drainage system or pipes is another sign of outdoor flooding.

8. Assume your house is next door to your neighbour's. Even if you take all the proper steps, there is still a chance that water from your neighbours' properties will cause damage to your property. It can occur because of a flood on their land or simply because your property is lower than theirs. To prevent water runoff from the neighbours, you must take the appropriate actions and ask for effective waterproofing of the floor.

These problems show how important it is to keep up with drainage system maintenance to avoid extreme issues. Even though most drainage problems aren't evident at first glance, the above points will help you figure out what's wrong and how to fix it.

Conduct periodic inspections of your house's drainage system and look for damages in the pipes, sinks, or ducts. Immediately call the experts to fix it before the issue becomes severe. Ensure regular cleaning of the drains to avoid clogging and unwanted growth of plants. To deal with other problems related to the well-being of your home, like protection from damages to belongings due to natural calamities and other issues like riots, invest in a reliable home insurance India policy. This will provide you with optimum coverage for your home financial support by compensating for the damages caused.

Click HERE to buy home insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Have you ever tried running your hand over your house's glass window panes? The amount of dust you will come across is worrisome. We all are familiar with the saying "cleanliness is next to godliness," but at this point, it is not just about keeping your house clean. It is also about your and your family's health. The dust that settles on furniture, doors, and windows surfaces enters your body when you inhale while just being around your house and going about your everyday chores.

Many times, we rush to the doctor with a common cold or some health issue which is related to the hygiene problems arising from the dust and dirt which have made their way into our home, costing us several trips to the emergency room, medicine dosages, or having a troubled sleep at night.

But how can you combat this problem? Don't worry. This blog will discuss smart tips for washing home glass windows with sparkling shine, which would help you eliminate the tiniest speck of dust, leaving the glass panels squeaky clean!

1. Notice the frame:
If you closely examine a window, you will be shocked by the amount of dust, spider webs, etc., settled on the frame of the glass. The first step to cleaning your windows would be to clean the frame so that the dust particles do not float in the air and find their way to any other surface. You can use a microfibre towel to clean the dust and a sparkling shine solution to wipe off the frame after dusting.

2. How about a mop:
The windows can be large and high, which might not be accessible to clean using a small microfibre towel. A mop with a stretchable handle is the best idea in this scenario. You can dip the mop in a solution, wring it and then wipe the glass windows by stretching the handle to the required length. Ensure that the mop reaches all the corners of the windows, thus giving them the sparkling shine!

3. A small wiper is an intelligent option:
Doubling up on cleaning supplies has never gone to waste. Apart from using a microfibre towel and a mop, you can also use a small wiper which would help you wipe off the cleaning liquid so that it doesn't leave a stain on the window. Keeping a wiper will help you clean the window's exterior glass panel, thus eliminating pollen or bird waste, etc.

4. Rain can be difficult for the windows:
It is advised to clean the windows from the inside and the outside three to four times a year. The most favourable time to clean your windows is during spring and autumn. Cleaning your windows during these seasons helps eliminate any complicated to-clean mineral deposits that might have been set due to the rains.

5. Cleaning directions are a huge bonus:
Spraying some cleaning liquid and using a microfibre towel to wipe the windows can have magnified effects if you clean the window in a circular motion and jazz it up by swiping horizontally and vertically to avoid setting off any liquid stains or dirt.

Other tips include using tongs when cleaning window panes and blinds, using a lint roller on the window screens to remove the lint that might have found its way, cleaning/vacuuming the curtains, etc.

These were a few smart tips for washing home glass windows with sparkling shine. Keeping your house clean and hygienic is very important. Home is not just a place to live; it is an emotion. It houses millions of memories and fosters relationships, so you must get home insurance to protect this sacred space against any unforeseeable mishaps and situations. You can look for the benefits of the various home insurance options which are available in the market and purchase the one which suits your needs.

Click HERE to learn more about buying home insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Even though the Indian insurance market has been expanding quickly in recent years, just about 3% of Indians currently have life insurance. Increasing the base of policyholders is essential to ensure that more people are sheltered from financial shocks. Although technology has been suggested as the answer to this issue, it may not be the most effective strategy to increase the number of Indian policyholders. This blog will discuss how tech may not be the best solution to expand the Indian policyholder base. So, without any further delay, let's get started.

1. Accessibility is still an issue:
As it is frequently out of range for significant portions of the population, technology may not be the most incredible way to increase the number of Indian policyholders. Despite India's tremendous internet expansion, many residents of rural areas still need access to smartphones and the internet.
The most successful way to communicate with these people is still through conventional media like newspapers, radio, and television. There is a substantial digital divide between tech adepts and those who are not. For instance, older individuals may need help navigating online insurance platforms, and individuals who do not speak English well may need help understanding the language used in many online insurance policies.

2. Price is one of the primary reasons:
Technology can be expensive to develop and maintain, which is another reason why there might be better ways to increase the number of policyholders. For smaller insurance companies, it might be too expensive to spend on technology, software development, and cybersecurity to build and manage online insurance platforms.
Insurance companies might also need to engage specialised personnel to operate the platforms, raising expenses even more. When costs like these are eventually passed on to customers through higher premiums, insurance becomes less affordable and less available to those who need it.

3. Lack of trust and belief in the insurance providers:
Additionally, there may be better uses of technology than fostering public confidence in insurance. Many individuals in India continue to be cautious of insurance companies and doubt their motives. This distrust is frequently based on prior instances where insurance companies have allegedly broken their commitments or failed to live up to their pledges. Personal interactions, open communication, and moral conduct are necessary for fostering trust and confidence in the insurance industry. Technology can undoubtedly make some of these encounters easier, but it cannot replace the value of human interaction, especially when fostering trust.

4. Absence of proper awareness and information:
Since technology tends to overlook the significance of insurance education, there might be better answers. Educating the public about the advantages and importance of life insurance is essential to increase the number of policyholders. Understanding the many insurance policy types, the coverage they provide, and how to pick the one that best suits their needs can all be achieved with insurance education.
The value of in-person interactions with trained insurance agents who can answer questions, offer guidance and help people choose the best policy cannot be replaced by technology, even though it can help deliver this education through online tutorials, webinars, and other digital resources.

What could be some probable solutions to this issue?

Policymakers may concentrate on enhancing life insurance education and awareness initiatives, particularly in rural areas. Offering financial incentives to those who buy insurance policies, including tax savings, may encourage people to enrol in insurance. Insurance companies may also consider partnering with banks, post offices, or non-governmental groups to reach a larger audience as an additional distribution channel.

We hope this blog provides insights into this issue and how insurance companies can grow their consumer base. While we are on the topic, it only seems like a brilliant idea to talk about how you need to get insurance from the best general insurance company which caters to its customers' needs optimally and is available 24*7 to assist them with their queries, therefore, helping them arrive at a decision.

Click HERE to learn more about how you can choose the best general insurance company for your needs.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Higher education costs increase yearly, and many students turn to education loans to fund their studies. While a student loan can be a great option to finance your education, it can also be a significant financial burden after graduation. That is why it is crucial to consider taking out insurance on your education loan.

General insurance plans can offer you financial security in case of unexpected events that may cause you to default on the repayment of your education loan. Let's examine the benefits of taking out insurance on your education loan.

1. Financial protection for unforeseen events with education loan insurance:
Firstly, it provides financial protection to you and your family in case of an unexpected event such as job loss or a medical emergency. Suppose you cannot repay your education loan due to unforeseen circumstances. In that case, the burden of repayment falls upon the co-applicants. If you purchase insurance coverage, your insurer will ensure that your loan payments are taken care of, providing much-needed relief to you and your family during difficult times.

2. Improving credit scores with education loan insurance:
Insurance on your education loan may also improve your credit score. If you default on your education loan, it can adversely impact your credit score, making it more difficult for you to obtain credit in the future. By taking out insurance, you can avoid defaulting on your loan. This will help you maintain a good credit score and ensure that you are in a better position to obtain credit in the future.

3. Reduced burden of repayment:
Thirdly, insurance on your education loan can provide peace of mind. It can be stressful to think about the financial burden of repaying your education loan, especially if you are doubtful about your future income prospects. With insurance coverage, you can rest assured that your loan payments are taken care of. This will help you focus on your studies and career prospects without worrying about loan repayments.

4. Inbuilt insurance in education loans:
Insurance on your education loan may only sometimes be necessary. You can manage your loan repayments without insurance if you have a stable income and a good credit score. Additionally, some education loan providers may include insurance coverage as part of their loan package, so check with your loan provider before taking out a separate insurance policy.
Another critical factor to consider when buying insurance on your education loan is the type of insurance policy you choose. Various insurance policies are available, such as disability, unemployment insurance, etc.

5. Unemployment insurance for education loans:
Unemployment insurance can provide temporary financial assistance if you lose your job and cannot repay loans. It guarantees repayment of the loan amount without letting it reflect as a default. It also allows you to focus on finding stability and a consistent source of income rather than worry over the possibility of defaulting payments.

In conclusion, general insurance plans on your education loan can provide valuable financial protection and peace of mind. Similar to purchasing other general insurance plans, assessing your individual needs and circumstances is essential when choosing an insurance policy for your education loan. Carefully review the terms and conditions of the policy, and compare policies to ensure that you are getting the best value for your money.

Purchasing general insurance plans for your student loan is not necessary and only mandatory when applying for institutions abroad. It can be a valuable tool for all those who want to protect themselves and their families from unexpected events that may affect their ability to repay their education loans.

Click HERE to buy different general insurance plans online.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

When switching to a sustainable energy source like solar, it is wise to conduct a careful study because this is an expensive purchase you will have to live with for 25 years. In this post, we will provide essential questions so you can learn everything you need to know before installing solar panels on your home. These solutions will simplify your solar journey.

1. How much can solar power reduce your household electricity costs?
The monthly savings from solar for household electricity users can be as much as 80%, and in certain circumstances, even more. Before ordering a solar system, determine how much money you will save.

2. Can you utilise net metering at your house? When should you apply if the answer is yes?
Savings from solar can be maximised using a net metering feature in conjunction with an on-grid or hybrid solar system. In exchange for payment, you can export the extra electricity your solar system produces to the grid.
Now, homeowners in all of India's states can use the facility. However, the advantages may vary based on the tariffs established by the individual states. Before and after your solar PV system installation, you can apply for net metering. Nonetheless, we advise you to apply for net metering before the system is installed for your convenience.

3. How much would it cost for your rooftop solar system?
Over the past ten years, solar system prices have decreased significantly. A typical 1 kilowatt (kW) solar system, which cost about INR 145 per watt (Wp) in 2000, is now available for about INR 35 per Wp. However, the final price varies according to the project's size, the skill level of the solar installer, and component quality.
Residential solar systems are often smaller than commercial or industrial ones, and because of the smaller scale of operations, the cost per KW tends to be more significant. The essential thing in this situation is not to hold back on the components' quality or the installer's knowledge.

4. When will your solar system reach financial stability?
With a properly installed household solar system, you should reach your breakeven point in about three and a half years. However, the system size and the state's DISCOM tariff rate affect the breakeven point. The critical thing to remember is that since solar energy returns come in the form of savings, they are guaranteed. You can use a solar calculator to determine your expected payback period and return on investment.

5. Is the rooftop of your house a suitable location for solar panel installation?
It is crucial to examine the capacity of your rooftop. Your rooftop needs to support the combined weight of the mounting structures and the panels. A rooftop must be free of any shadows cast by surrounding structures or objects because most homes in India are constructed too close to one another.

6. Are there any tax benefits for your residential solar investment?
Household electricity is not currently eligible for any tax incentives. However, the investment is worthwhile, though, because the savings on electricity bills alone are substantial.

After investing in such sophisticated technologies and energy sources, it becomes crucial to protect your home against any unforeseen contingencies. In such cases, the best home insurance in India can also assist you in significantly reducing your financial outlay by protecting your home, its structure, and content from unexpected loss or damages.

Click HERE to buy the best home insurance in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Insurance policies can be tricky! You need to fully understand the policy terms & conditions before you sign the dotted lines. The government has set up many regulations to implement insurance rules in India efficiently.

Hence it becomes imperative to fill out the insurance policy papers yourself. If you do the formalities through an agent, you might face problems later. You need to know everything about the premium, risks, disclosures, etc. This can also cause the claim to be rejected in due time, which can be devastating, especially if you're in an emergency.

You should always be cautious about everything that you disclose to your insurer. This involves the disclosure of your materialistic goods, qualifications, medical history, income, bills, and so on. The more you disclose rightfully, the better. It is vital for all health and general insurance India. So, regardless of the insurance you're applying for, disclosure is essential.

Let's look at the things to disclose to your insurer while taking a policy or filling a claim, as they increase the chance of a successful claim.

1. Income:
It is one of the best things to be disclosed early on. Your income needs to be revealed whether you're employed permanently in a company or as a freelancer. The job designation, salary, and experience are also taken into consideration. The more experience one has, the greater their expertise. This also means that they are not eligible for hazardous work. All this contributes towards a successful claim.

2. Material possessions:
It is essential to disclose all the material assets that you have. From your house to your car, you need to declare them all. It also involves any land that you own. You should disclose anything materialistic as well as expensive at all times. Adding them later while raising a claim decreases your chance of getting a successful claim.

3. Occupation:
Your occupation directly correlates to occupational risk. It assesses the risk of accidents and even the wellness of an individual. The work done by the individuals is of prime importance. It helps in determining the claims as well. The risk assessment of a particular occupation also affects the premium paid by the individual for a health insurance policy.

4. Medical history:
Insurers give the medical history of the individual prime importance. It provides a brief insight into the history of illnesses an individual has suffered and the risk they bear. If it is more severe, the premium will go up significantly. Serious issues like heart disease, hypertension, and diabetes can increase the premium. They must be considered and disclosed to ensure you purchase the right policy with appropriate coverage that leads to successful claims in case of contingent events against which you are insured.

5. Family history:
This is an essential element that will determine the extent of the illnesses in individuals. If there are genetic disorders, it will also mean that the individual is at a greater risk of developing them. It can make the insurance company more cautious while assessing the individual's health or life insurance risk profile. Incorrect disclosure or misrepresentation of such facts leads to the rejection of claims.

You should reveal these critical elements to implement a successful claim. Material disclosures are of utmost importance as they determine the success of a claim. If not disclosed at the right time, they can cause problems later. You must follow these rules diligently while purchasing non-general and general insurance India. Good luck!

Click HERE to buy the best general insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Most people own numerous credit cards from single or multiple banks. While using a credit card does give you a specific advantage, not paying its dues on time can affect your loan and premium.

Have you heard about credit scores? A credit score is a term that describes a debtor's credibility, which is evaluated before availing of any financial services provided by banks or private finance companies.

Whether it is about taking a loan, applying for a credit card, or purchasing insurance, your credit score matters. It is considered to keep a high credit rating to ensure motor insurance India with a lower premium. Let's learn more about your credit score and how it affects your chances of lowering your premium charges.

What is a credit score?
A person's capacity to make timely debt payments is indicated by their credit score. In other words, a credit score is a numerical reflection of your creditworthiness. It is determined by several factors, including:
● Current loans
● Currently available credit
● History of repayment of loans and bills

Any bank will label a customer's credit rating with a numerical score ranging from 300 to 900. A person with a higher credit score is more likely to receive loan approval rapidly. Your credit score defines the level of financial risk you may represent to a financial institution when you seek a loan or insurance.

As mentioned above, an individual with a better credit score will likely get a car loan and insurance quickly. Moreover, they are also eligible for a lower insurance premium. Therefore, improve your credit rating for maximum benefits before applying for a loan or insurance.

How can your credit score lower your car insurance premium?

Banks and other financial institutions look for people with higher credit scores as they are more likely to pay their dues on time. Besides getting better loan options with a higher credit score, banks give insurance plans at lower premiums.

As a corollary, a low credit score may make you pay a higher premium for motor insurance India. Check your credit score, see what factors are affecting it, and identify what changes you can make to improve it.

How to check your credit score?

It only takes a few minutes for anyone to check their credit score online for free. Enter the essential details like name, mobile number, bank name, etc., and the tool will quickly determine your credit ratings.

While the free tool gives limited information, a paid tool with premium services gives exhaustive information about your credit score and tips to improve the ratings.

What is a good credit score?

A credit score of around 750 or above is considered a good credit rating. The higher your credit score, the more your chances of getting loan approval and better insurance plans. While increasing your credit score may seem challenging, you can improve it in minimum time with better planning and information. Here are some tips you can follow to improve your credit score:
● Always maintain your Credit Utilization Ratio within 30%
● Avoid using multiple credit cards at one time
● Ensure not to apply for loan applications in short periods
● Reduce the number of loans
● Pay loan EMIs and credit card bills on time
● Use credit cards within manageable limits

Besides these, you can talk with your bank to learn different ways to improve your credit score. It is necessary to keep your financial records as clean as possible as it impacts your credit ratings. Check your credit history today and work on the items that need your attention to reduce your premium for motor insurance India significantly.

Click HERE to buy reliable motor insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Watching the beautiful horizon from the open deck is a mesmerising experience. Cruise trips seem elite and sound exciting. It is a paradise for ocean lovers. From solo ventures to family getaways, the cruise journeys welcome travellers to enjoy an unforgettable maritime holiday opportunity. Sailing couldn't have been more fun with several recreational activities, games, and cuisine organised onboard. Every moment on the ship reflects a beautiful memory to cherish forever!

Planning your first cruise trip can seem daunting without proper information about bookings, the right time to travel, the expenses, and much more.

This blog is your guide to understanding all the information you need to know before you board the ship. Carefully go through the pointers and chart all the requirements to plan a hassle-free cruise trip. Here’s all you need to know.

1. Timing is everything:

You need to figure out the right time to sail. Finalise your destinations and understand their sailing season. Look up the details of the touchpoints and the locations you wish to visit on the cruise company’s website or reservation site and research their sailing calendar.

2. Choosing the right cruise:

Different cruise liners provide you with various amenities and a range of activities to do while you’re on your sea voyage. Carefully look at different packages and determine which one fits your vacation goals and budget. Choosing the right cruise is important as they will take you on a journey to foreign countries and continents. Multiple onboard activities will keep you engaged throughout your travel.

3. Intent of travel is important:

Determining how and why you wish to take a cruise trip would be best. It is essential to determine your travel purpose as you will be out in the sea longer than expected. And when there are fewer locations to step down and explore and more sea exploration, things can get a little challenging due to the feeling of stagnation. Hence it is essential to figure out how confident and strongly willing you are to take a sea voyage.

4. Book the cruise:

While planning your first-ever cruise trip, you should book with someone trustworthy. Or some of your close contacts have already experienced their services and recommend them. Given the time of the journey and the heavy expenditure, you must ensure to do research regarding the company before you go ahead and book your tickets.

5. What should your itinerary look like:

Foremost finalise your budget and the location before you head out in search of the best cruise trips and their itineraries. Fixing your budget will help you narrow down your list of options and help you efficiently choose the suitable itinerary that covers all your expectations.

6. Choosing the perfect cabin:

You will have several options to pick from when you are finalising your cabin for the cruise journey. But how to choose the right cabin? If you’re easily seasick, looking for cabins with a sea view will not be advisable. You can choose higher or lower cabins according to your preferences, which do not face the sea but open your doorway into the activity area, making you feel more alive!

Certain other pointers like checking on your travel documents: your passports, visa, identity proof, tickets, etc., are paramount. Keep your health as the priority. Make all necessary preparations regarding the medications you might need beforehand to avoid the stress of getting sick when onboard.

While planning your first cruise trip can be stressful yet exciting, it is always helpful to be prepared for any travel or medical emergencies in advance. Unprecedented circumstances can result in panic situations while travelling. Don’t let health emergencies spoil your excitement of enjoying your first cruise trip.

We advise you to browse through Magma HDI’s general insurance plans and purchase the one which would cover your travel insurance in the best way possible. Purchase the best general insurance plan and sail carefree. Bon voyage!

Click HERE to know more about how general insurance plans can make your travel experience risk-free.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Upgrading electrical wiring makes an old home more secure, modernised, and habitable. This kind of renovation is easier in a recently acquired property than in an older one. Unless you have prior expertise with electrical construction, do not try to change wires on your own.

Most people instantly think of the costs and clutter involving the job. Your strategy is determined by your budget, capacity to reach the walls, ceiling, crawlspace, and the amount of rework permitted.

To clear the confusion, below are the typical steps involved in changing the wiring of a house.

1. Planning:
The better you prepare for the rewiring, the easier the procedure will be. A precise design will assist you in locating and projecting the circuits in a manner that will retain the drywall in place. A thorough layout of the existing circuitry and a precise sketch of the internal components may minimise chaos and disturbance.

2. Working prep:
This step prepares the space for the new wiring. It marks a clear route for supplying the new wire to the outlets. If you opt to undertake the prep work, clearing debris around your house's electrical outlets is crucial to ensure quick access.

3. Calculating the number of circuits:
Many times, outdated wiring may not have enough circuits to meet the energy needs of contemporary appliances, lights, and electronics. Before you begin, you must first plan your trajectories. Conduct a study on housing circuits to aid in layout planning, or contact an electrician as a consultant.

4. Remove the drywall and rewire:
The removal step consists of ripping out and taking off the old wire. Because old wiring is often stapled to the structure, it is impossible to simply take the cables out of the wall. After ensuring that the electricity has been turned off, you may cut the wire and remove the visible portion, leaving the buried cable within the division.
Some wires are placed in more accessible areas and can be taken out quickly. You can tape the new wire to the old ones, pull the old wiring out, and let the new line fall into its spot and take effect.

5. Replace:
Replacement of main and sub-panels is one of the essential steps to changing the old wiring in your house. Also, ensure that you check the condition of the panel. If it's old or does not have circuit breakers in place of fuses, it is better to replace them to prevent further damage. Replacing the panels would also require changing the wiring of your entire house. Try to find a professional electrician to accomplish this task.

Some other steps to change the old wiring in your house include:

• Taking permits from the local authorities (even if you are a homeowner).

• Hiring a good electrician.

• Identifying the access points.

• Having the right tools to complete the work and taking stringent measures to ensure everyone's safety.

It is essential that the rewiring be done correctly and by skilled specialists. If not done properly, the wires might get nicked and lead to short circuits. Furthermore, if the panel and junction boxes are not connected, it might create radiation, negatively affecting your health and even hampering the condition of your house.

Your house is your safe space. It is where you and your family live and create memories. Hence, it is essential to safeguard your home. Invest in a robust home insurance plan and protect your home from unexpected hazards. You can review the available insurance plans and purchase the best home insurance policy in India that offers you great benefits at a reasonable premium.

To get the best home insurance policy in India, click HERE.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Smartphones are rapidly becoming an integral and inseparable part of our lives. These devices contain a mini virtual world within them that engrosses us with extensive features and seamless specifications. It has everything from the type of cuisine you like to what skincare serum you last purchased. Your social media account details, bank details, countless passwords, contacts and information are all stored in it.

But, what do you do if you lose your phone? In today's world, losing your phone can have significant consequences. Your details can get leaked or erased. Your money can be stolen if your account gets hacked, or you can lose important information.

The majority of phone lost cases are observed in overcrowded places, and, in some cases, the smartphone users forget their phone at public places like restaurants or shopping malls.

So, what if you have just lost your phone somewhere? Here's what you need to do to minimise the damage.

1. Keep trying your number:
It would be best to text or call your phone. The ringing would help you track it. And if your phone is lost (and not stolen), somebody would be able to answer your call and return your phone upon further communication.

2. Report:
Report the loss of your phone to your cell phone carrier. They can help you determine your phone's current location using your number. This could make it easy to retrieve your phone if it's lost in a vast crowd.
You can also deactivate your sim card to ensure that nobody can make threats and illegal fraud calls from your number.

3. Lock:
Try to lock your phone remotely. This will secure your device and restrict others from accessing your personal information. You'll get notified if someone resets it.
You can try deactivating your device too. In the case of iOS devices, you can activate "Mark as Lost", which disables your phone and send a confirmation mail to your email address.

4. Track:
You can track your phone using the GPS if you have the option active on your phone. In the case of an android device, you can log into your Google account (the one you use on your phone) and track your phone's current location using Google location history. This feature is beneficial sometimes, especially if your phone is nearby.

5. Clean:
To ensure that nobody gets access to your social media accounts and other personal information, try to wipe your phone clean if it goes missing in the crowd and you cannot retrieve it. You can use iCloud or Android device manager to erase your data from your device. Also change the passwords of all your bank accounts, social media handlers etc.

6. Monitor:
Try to monitor the activities of your phone. Keep track of any malicious and suspicious activities performed using your phone or number. Get in touch with authorities (police and phone carriers) and inform them if you find something fishy.

When you lose your phone in a crowd, contact your card companies and ask them to lock your cards and unlink your accounts so that nobody gains access to them.

The loss of your smartphone is worrisome. Insure your valuables to add an extra layer of security in case of unavoidable circumstances. You can purchase online general insurance by browsing through several options and purchasing the one that offers maximum benefits.

Click HERE to know more about how you can purchase online general insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The changing season affects our health, especially when it is winter. The chilly days are known for causing flu, cold and inviting other viral infections and allergies. There is not much we can do to prevent outdoor allergies, but we can take steps to stay safe indoors and keep our home allergy-free!

To help you with it, we have made a list of important tips for each area of your house to keep them allergy-free. Follow these steps to create a healthy environment for you and your family.

Bathroom:

Your bathroom is the most prone to mold due to the high moisture present. And the key to preventing this fungus is proper ventilation and regular cleaning:

1. Install and use an exhaust fan while showering to let out as much moisture as possible.

2. Remember to wash your towels regularly.

3. To prevent mold growth, it is best to clean your showerheads, sinks, bathtubs, and other faucets with bleach every once in a while.

4. Stagnant water can be problematic even in the bathroom, so empty your bathtubs, buckets, and sinks of any standing water and clear the drain blockage.

5. Avoid wallpapers; instead, paint your walls as mold grows under the wallpapers.

6. Cleaning is a priority; make sure to scrub the toothbrush holders, soap containers, and shelves too.

Living room and general tips:

The living room is where your guest usually hangs out the most. Therefore, it is even more critical to create a safe, comfortable, and allergy-free space for them:

1. Manage indoor plants properly. Please keep them in a dry place, check for mold growth, ensure good airflow by placing them at a proper distance and spray the soil with fungicide.

2. Pay attention to the décor. Reduce the amount of dust collecting things like stuffed animals, heavy curtains.

3. Keep your pets in a confined region and bathe them once every week.

4. Keep wall decorations to a minimum.

5. Air conditioners are perfect dehumidifiers, and they also filter out pollen and discourage cockroaches.

Bedroom:

It is our favourite huddle zone. Therefore, it is necessary to take extra measures to keep this place allergy-free:

1. Periodically wash your pillowcases, bed sheets, linens, floor mats, and curtains.

2. Try to vacuum at least once a day and use a hose to reach every corner.

3. A bed is a heaven for dust mites; it is warm, relatively humid, and has a lot of food in the form of dead skin cells; therefore, clean your bed every day and consider buying dust mite-proof covers.

4. Wash your comforters and pillows regularly.

5. Do not forget to clean your windows. Vacuum your window sills and use cleaners to wash the glass.

6. Use air filters if there is no proper ventilation through windows.

Kitchen:

Most of the allergens and diseases are born in the kitchen. But, by maintaining a clean, ventilated, and dry space, we can control the growth of allergens:

1. Do not leave the dishes uncleaned overnight. It is best to wash them instantly after use. Also, dry them; never put wet dishes in the cabinet.

2. Please do not allow the food to go down the drain, as it will block the drain, leading to mold and stinking sinks.

3. Clean your refrigerator and try to consume leftover food as soon as possible.

4. Only cleaning the countertops after cooking is not enough. Regular mopping and dusting are essential to maintain proper cleanliness.

5. Take the trash out every day as garbage bins can spread way more germs than you think.

6. Make a note of the food allergies you or your family members have. And avoid buying such food.

Considering the above tips, you will manage your home’s health and keep the spaces free from allergens. Financially safeguarding your insured belongings is never a bad idea. So, think of investing in a house insurance plan to protect your home with a promise of trusted safety.

Click HERE to know more about the house insurance plans best suited for your requirements.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The mornings are lazier, and the showers are a little hotter. Hoodies are out of the cupboard; winters are here! While we are desperately seeking to warm ourselves and our houses to a more comfortable temperature, it is important that we first ensure fire safety in our homes. While it's not necessary that fires only happen during the winters, even a BBQ in the warmer months can cause an outbreak. Therefore, you must be prepared for such incidents if they may arise.

Every year, people lose their lives as a consequence of house fire incidents. However, if you plan fire safety measures correctly and safeguard your house, you can prevent a deadly fire from breaking out at your home.

Check this fire safety instruction guide that will help you be on your marks if things go south.

1. Keep multi-use fire extinguishers at important places of your house:
Place fire extinguishers near the areas of your home which have a high probability of catching fire, such as the kitchen, utility area, prayer room, and laundry area. Purchase only the ISI-certified product. Make sure you're familiar with the operating of the extinguisher.

2. Install and maintain smoke detectors at your residence:
Install smoke alarms/detectors in each room. Preferably, use a hard-connected system so that the signal is audible throughout all the rooms. Consider a professionally installed fire alarm system for an even higher level of security. If you use battery-powered smoke alarms, make sure to check the batteries regularly and replace them every six months.

3. Install a fire sprinkler system all over the property:
Installing a fire sprinkler system provides additional fire safety benefits. For big houses, sprinkler systems are often effective when they are operating on automated suppression. Fire sprinklers can safeguard and save all of the property's inhabitants as well as the property itself. They have in built sensors that detect smoke and fire that trigger the water sprinkling process to control fire outbreaks.

4. DO NOT overload switches:
When you overload your power outlets, you significantly increase the chance of an electrical fire in your house. For example, connecting an electric heater to a multi-board or multiplug is dangerous. These heaters consume a lot of energy and, in many situations, can overload the electric circuit, creating an undetected meltdown inside the wire. When left unattended, this can rapidly turn into an ablaze.

5. Look after your practices:
Cooking? Don't leave the gas unattended at any time. People who smoke in the house should be cautious; make sure the burning cherry on your cigarette does not touch anything. Prayer rooms should have proper ventilation, and the ‘diyas’ and incense sticks should have a dedicated place away from anything combustible.

Pro-tip: Have an escape plan ready for the residence. Gather all the family members and share the fire exit plan and an escape route. Examine all available exits and evacuation routes in your home and your apartment. Practice that drill every once in a while to get used to it.

With the winters just around the corner, this is the time when you use room heaters most to keep your home warm. But you might know that room heating is the most common cause of fires. Therefore, it is essential to protect your property from any blaze with all precautions in place. Get in touch with a reliable fire insurance company that will be your guiding hand in unfortunate times. A Fire insurance company will compensate for your loss against unforeseen events like lightning strikes, explosions, or unintentional fire due to short-circuits.

Click HERE to know more about fire insurance plans for your home.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Whether you own a two-wheeler or a car, you should always ensure that you know everything about its maintenance and insurance. Getting insurance for your vehicle is of utmost importance. It protects your vehicle from severe damages by giving you compensation and solves third-party disputes.

However, just getting insurance for your vehicle is not enough. You also need to check out the various additional services offered by the insurance. This way, you can choose the most comprehensive insurance for your 2 wheeler. You must also inquire about all the essential terms relevant to your insurance. One such term is a constructive total loss. Although the term sounds complicated, it is not.

This article will help you to understand various aspects of a constructive total loss.

What is a constructive total loss?

You will likely file a claim for your 2 wheeler insurance only when your vehicle has suffered severe damages. Once you have filed a claim, the insurance company will inspect all the damages and reimburse the amount accordingly. Either you will get cashless compensation or money for the repairs. The damage is assessed well, and only compensation for the damages is provided.

If the vehicle is in dire need of minor repairs or servicing, the insurance company will reimburse that. It can also refund the amount for the replacement of bike parts. However, reimbursement only occurs after all the deductibles are assessed carefully. No matter the damage's severity, you will only get compensation up to the Insured Declared Value or IDV. You will not get any claim money that exceeds the IDV value.

There is also a major catch here. For instance, your two-wheeler undergoes irreversible damage. In such a case, the bike will be beyond repair. The insurance company can then declare it as a total loss. In other words, if the repair cost for the vehicle far exceeds its value, it results in total loss.

It is said that when the repair cost is more than 75% of the IDV, it is impossible to reimburse it. The constructive total loss takes place here.

Let's assume that your two-wheeler gets stolen. Then what will happen? In such a case, your insurance company will reimburse you for the IDV of your vehicle. The claim for theft of your bike will be treated as a total loss claim. The reimbursement amount will be sans the deductibles and depreciation.

How do you apply for a constructive total loss claim?

Now that you are familiar with constructive total loss let's look at the various steps to file a claim. They are:

● Go to the official website of your insurance company

● Look for the claims process tab or page

● You will see blanks to fill in your information

● Provide all the necessary information carefully

● After that is done, verify the self-inspection of your bike through the link sent to your mobile number

● A surveyor or inspector may be sent to get your vehicle inspected. Cooperate with them

● Once everything is done, you can submit all the required documents and forms

These easy steps can get you a total claim from the comfort of your home. You need to keep all these things in mind before you file a claim for your 2 wheeler insurance under constructive total loss. Once you give the correct information and abide by the guidelines, you can access the claim amount.

Click HERE to buy 2 wheeler insurance to protect your motorcycle from unexpected damages.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Insurance plays an essential role in a person's life and safeguarding hard-earned assets, whether a home, car or business. It is a backup plan to minimise the loss and have efficient damage control when things go wrong. Although most people know the benefits of buying insurance, they often make mistakes due to insufficient knowledge in this field and a lack of in-depth research. Several false pieces of information circulate and get viral on the internet, confusing the buyers, which results in wrong decisions.

In the article, we'll learn about home insurance and people's general queries regarding making the right purchase. Like other insurance products, home insurance pays you for the construction costs and covers the damage due to any unfortunate event.

However, there are numerous things that you need to learn before buying insurance for your home. Before starting your personal research or contacting your desired general insurance company, pen down all your points and doubts. Never take haste steps, and keep control of the entire process in your hands.

Consider these five most frequent questions that ensure you choose the right home insurance.

1. What factors determine the premium on a home insurance policy?
Generally, factors such as location, features, and characteristics of your house determine the insurance policy's premium. Installation of safety and surveillance devices, claims history, and lifestyle habits also affect the policy's premium.
The closer your house is to an area that experiences frequent natural calamities or robberies, the higher it costs to insure it. You can lower your premium if you have good credit history and haven't made any claims. You can also ask your insurance agent how they determine your home's premium to ensure you pay the right premium.

2. What are the replacement costs and the market value of your home?
An insurance company is only interested in your home's replacement cost. You should ask your insurance company about the replacement cost of your home. It is the cost of constructing your house with the equal or similar utility if it was damaged in any unfortunate event. In contrast, your home's market value is your house's price in the real estate market.

3. What does cancelling a home insurance policy mean?
Cancelling an insurance policy means the company no longer covers the insured house. Policyholders and companies can cancel an active policy. Ask your insurance agent when their company can cancel your active policy. Carefully understand all the clauses and possibilities that may void your home insurance.

4. Are there any limitations in a home insurance policy?
Most home insurance policies don't cover losses due to the earthquake or war. Check the list of exclusions on your insurance policy before you get it. However, some policies have specific limits for items, including securities, jewellery, money, and silverware.

5. Does the home insurance policy cover water damage?
Most policies don't provide coverage for water damage. If your general insurance company doesn't offer water damage coverage, you can ask for other policies or add-ons that cover water damage to add more protection to your house. It would be best to look for water damage coverage in the policy, including damage from the spring thaw, snowmelt, burst mains, overflowing rivers, and heavy rains.

Make a list of these five crucial questions before considering any home insurance plan. These questions help you select the best general insurance company. You can also add more questions to your list. Don't forget to ask for a discount when buying multiple insurance plans together. Buy smart and buy the best!

Click HERE to buy home insurance from a general insurance company that suits your requirements.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.