Vehicle insurance protects your vehicle financially against physical damage or bodily injury caused by a traffic accident, natural calamity, theft, or any unforeseen circumstances.
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Vehicle insurance, also known as motor insurance, is a vital safety net that shields your vehicle from unexpected events, including accidents, theft, and natural calamities.
Droom Insurance is offered directly by Droom, ensuring reliability and convenience.
To buy vehicle insurance online, visit Droom's insurance page, select your desired insurance type, complete the payment, and receive your policy electronically.
Yes, you can buy insurance for someone else. You'll need their vehicle details for registration.
Vehicle age may affect eligibility and pricing, but it varies based on the insurance type.
Droom Insurance covers vehicles across India, with specific packages available for select locations.
Droom Insurance is primarily designed for private vehicles.
Key factors to consider include the age of the vehicle, coverage type, policy details, actual coverage area, and customer reviews and ratings.
The following factors can influence vehicle insurance premiums:
The coverage provided by a vehicle insurance policy will vary depending on the type of policy you purchase. However, most vehicle insurance policies cover the following:
Zero depreciation cover, also known as bumper-to-bumper coverage, is an add-on cover that pays for the full cost of repairs or replacement of your vehicle, without any deduction for depreciation. This can be especially beneficial if you have a new or expensive vehicle.
If you renew your expired policy within 90 days of the expiry date, your No Claim Bonus (NCB) will be protected. However, if you renew your policy after 90 days of the expiry date, your NCB will be lost.
IDV stands for Insured Declared Value. It is the maximum amount that the insurance company will pay in the event of total loss or theft of your vehicle. The IDV of your vehicle is determined by the following factors:
You can renew your expired policy online, through an insurance agent, or by calling your insurance company.
Yes, the age of the vehicle can impact the cost of vehicle insurance. Older vehicles typically have higher premiums than newer vehicles. This is because older vehicles are more likely to be involved in accidents and require more repairs.
A vehicle is typically considered to be scrap when the cost of repairs exceeds the IDV of the vehicle.