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Third Party Car Insurance Rules in India: What It Covers and Why It’s Legally Required
1+ week, 6+ day ago (631+ words) Road accidents can happen at any time, and the financial impact of injury or property damage to another person can be significant. Many vehicle owners are unsure about what third-party car insurance actually covers, why it is compulsory, or how…...
How to File a Claim on Your Germany Travel Insurance While You’re Still in Europe
1+ mon, 1+ week ago (389+ words) Start by collecting your basics in one place: Also, note the emergency or claims contact details provided in your policy documents. With Germany travel insurance, contact routes may include a helpline, email, app, or a web portal. Here are the…...
5 Common Mistakes That Can Get Your Car Insurance Claim Rejected Instantly
3+ mon, 1+ week ago (729+ words) A road accident can be stressful, but what makes it worse is when your car insurance claim gets rejected due to simple mistakes. Many drivers believe that paying the premium is enough, but that's just the beginning. Your actions immediately…...
Risk Commencement Date Under Insurance Policy
7+ mon, 1+ day ago (566+ words) As you are aware that Insurance is a contract between insured and insurance company, and it covers injuries /damages due to insured perils/risks. The time of commencement of risk cover is the very important in an insurance policy. Where…...
Why Third-Party Car Insurance Is the Minimum Protection Every Driver Needs
7+ mon, 1+ day ago (625+ words) Owning a car in India comes with freedom and convenience, but also responsibility. One of the most important responsibilities is having proper insurance coverage. Not only is it legally required, but it also protects you from financial and legal troubles…...
Void Insurance Policies And Refund of Premium Paid
7+ mon, 2+ week ago (1832+ words) As you are aware that a Contract ,which has no legal validity is a void contract. Same in the case of an Insurance Policy, when an insurer discovers that the Insurance Policy has been acquired on the basis of fraud,…...
Consequences of Late Notice Claims In Insurance Contract
7+ mon, 2+ week ago (1178+ words) What Are The Consequences of Late Notice Claims In Insurance Contract? If the notice clause is a condition, the insurer will have to show that it suffered prejudice on account of the delayed notice, but if the clause is a…...
Comprehensive Motor Insurance Policy: Limit, Liability & Coverage
7+ mon, 2+ week ago (1450+ words) Types of Motor Insurance Policies in India The primary goal is to protect car owners from damage and accidents. Motor insurance policies are based on coverage, which refers to the type of insurance plan chosen, which can be classified as…...
Accounting of Loss of Asset Covered by Insurance: AS & Tax Treatment
7+ mon, 3+ week ago (865+ words) Businesses often suffer losses due to unforeseen events such as fire, flood, theft, or accidents. If such assets are insured, part or full compensation is received later from the insurance company. But how do we account for the loss of…...
Insurance claim received for death of horses are capital receipts: Bombay HC
7+ mon, 4+ week ago (1543+ words) Bombay High Court held that the entire amounts of insurance claim received for death of horses is to be treated as capital receipt governed only by provisions of Section 45(1) of the Income Tax Act. Hence, the same is not chargeable…...