The following case studies will highlight 3 such mistakes, and tell you how to avoid making them. Laws in India make it mandatory for vehicles to be insured before they are driven. The new Road Transport and Safety Bill, proposed to raise the fine for driving a non-insured car from Rs 10, to Rs 75, However, it is not for the fear of the law that you must get your vehicle insured. Getting an insurance policy for your car is protects your life, money, and any third party. A car is an expensive investment that always lasts at least a couple of years.
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With a specialist high net worth insurer, the same day they would arrange a similar four-wheel drive courtesy car for him until his claim was settled. The police called him 27 days later. The good news — his car had been found in good condition. The bad news — it was in police custody in Malaga, Spain, having been involved in a drugs heist. Unfortunately the Spanish authorities could not release the car until after the trial — a wait possibly of a year or more.
Buying and insuring a used car: Most and least expensive 2006 to 2019 models to insure
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Dinesh Mishra was the owner of an apparel showroom situated in a commercial area of Navi Mumbai. The showroom stocked clothes for wealthy, trendy young people. It carried a variety of designs and premier collections designed by famous designers, including Ritu Beri. On weekdays Mishra would stay in the apparel showroom upto am as people in the city preferred to do late evening shopping. Thus, he could not spend sufficient time with his family during weekdays.