subject: Oriental Insurance Motor Insurance: To Ensure Your Vehicle It Just A Few Minutes [print this page] Oriental Insurance Motor Insurance: To Ensure Your Vehicle It Just A Few Minutes
Suddenly your tank of gas is costing a lot. Have you considered trading your vehicle in for something that gets better service? How about a best motor vehicle plan? If you've ever wondered "how do oriental insurance motor insurance work?", read on.
The Oriental Insurance Company Ltd is the top insurance among the insurance companies in India. The company is based at Bombay and it is fully owned by the Oriental Government Security Life Assurance Company Ltd. This company proudly offers motor insurance policy of its own and provides the best motor plans in India.Oriental car plan vehicles address many issues like accidental coverage and third party coverage. There are lots of different types of car plans showing up on the market, so understanding how they work is very important to getting the best value for your money.
If you have ever owned a car, you can proudly consider yourself as a valuable customer for motor insurance since possessing a motor vehicle is mandatory in India. According to law you should have a motor insurance for any type of cars, including hybrid vehicles. Really hybrid vehicles aren't that a new concept. You'll find them all around you in commercial use. Giant mining trucks, submarines, buses, and even train engines all have a fuel source and an electrical source of power. Most of the hybrid vehicles we are seeing on the market are gasoline and electric hybrids. This means they use both gas and electricity to power them. Since hybrid cars have all the facilities that of a normal car, you should possess a motor insurance.
All about Oriental Motor Insurance
The Oriental plan car plan policy provides reimbursement for any loss or damage which is caused by fire, lightning, explosion, thefts, burglary, earthquake, typhoon, hurricane, storm, flood and thunderstorm and malicious acts like strikes and riots and terrorist activity.Motor Insurance policy covers against damage to the vehicle, accessories, land or property to the third party. Some of the factors which are necessary to consider while signing the policy are you should understand all the policy terms and conditions, and exclusions of the policy. You are liable to furnish all the details about you and the vehicle truthfully. You must be sure that the numbers of the vehicle registration, chassis and engine are entered correctly. The policy should furnish the correct registration number and address. The insurance of the vehicle should also bear the same address that is shown in the registration. If you want to make any alterations in your policy, seek the help of an endorsement officer. If you want to renew the auto insurance policy, you should fill the proposal form. You have to renew your policy before the expiry date to get an uninterrupted service and a no claim bonus. Some of the exclusions to the coverage are consequential loss, depreciation damages due to mechanical or electrical reasons, breakdown by break failure and wear and tear. Wear and tear to tyres is excluded unless it is damaged at the time of accident. The accident caused by the driver consuming liquor or drugs and the accident caused by a driver who does not possess a driver's license are also excluded.
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