• Protect Your Engine from Water Damage  

During monsoons, engines are extremely vulnerable to water damage. Heavy downpours can lead to water ingress in the engine compartment. It can short-circuit electrical components like the alternator, spark plugs, and distributor. Prolonged accumulation of water can also lead to rusting and corrosion of critical engine parts. An engine protection cover is a must-have because it acts as a waterproof barrier, preventing rainwater from directly entering the engine bay. This minimizes the risk of expensive electrical and mechanical damage.  

• Ensure Proper Fit and Installation  

The engine cover should fit your car model properly without sagging or allowing gaps for water to sneak through. Refer to size charts and customer reviews to pick the right-sized cover. When installing it, carefully follow the instructions to securely fit the cover above the engine compartment. Fasten any flaps, stretch cords, or straps tightly as recommended to prevent the cover from flying off at high speeds. Take care not to rub the cover against paintwork to prevent scratches. Always visually inspect after installation to ensure proper coverage with no openings. The improper fitting can defeat the purpose of the cover.

• Inspect and Maintain the Cover  

Don’t just install the engine cover and forget about it. Periodically inspect it for any tears, holes or wear and tear. Also, check if it remains securely fitted as time goes by. Any big openings or loose fit will allow water seepage. Make sure to repair small holes or tears right away with fabric glue or tape. You can also apply waterproofing sprays on the cover for added protection. Follow any washing instructions given to keep the cover clean. Proper inspection and maintenance will improve its durability. 

Read More- Don’t Let Your Car Insurance Claim Get Rejected: Here’s What You Need to Know

• Get Covers for Other Components  

While engine covers are extremely useful, also consider getting covers for other important mechanical and electrical components like air filters, batteries, ECU, under chassis, etc. The more components you can protect, the better off your car insurance will be in heavy rains. Combine the engine cover with dedicated covers for gears, sensors, fuse boxes, ignition coils, etc. based on your car’s layout and vulnerability. Though this may cost more upfront, it minimizes monsoon damage risks.

• Practice Other Monsoon Car Care Tips  

While engine covers are great, keep in mind that they are just one part of overall monsoon car care. You also need to check wiper blades, brake pads, tire treads, headlights, and all fluids before the rains hit. Only drive through standing water if absolutely unavoidable, and cross slowly to avoid engine flooding. Always keep the fuel tank full to prevent condensation buildup. Park indoors when possible. And if water ingress does occur in the cabin, dry it out fully to prevent mold. Employ these tips along with the engine cover for maximum protection.

Adding insurance cover add-ons to protect your car during monsoons

1. Engine and Gearbox Protection protects against flood damage to expensive engine parts. This add-on covers repair or replacement costs resulting from waterlogging which can otherwise be very costly.
2. Zero Depreciation add-on compensates for the full cost of repairs or damaged part replacement without depreciation deductions, except for 50% depreciation on tires, tubes, and batteries. This protects against accident expenses in hazardous monsoon conditions.
3. 24×7 Roadside Assistance provides immediate on-spot repairs, towing services, and transportation arrangements in case of breakdowns or other emergencies during monsoons when getting help can be difficult.
4. Consumables add-on covers expenses like engine oil, nuts, bolts etc. that may need replacement after flood damage but are excluded under standard insurance as wear and tear items.
5. Daily Allowance add-on compensates for rental car costs up to a fixed daily limit if your car is immobilized and undergoing repairs. This provides alternative transportation when your car is out of commission.

Read More- Don’t Let Policy Updates Catch You Off Guard: Here’s What You Need to Know

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If you have no idea how the calculation works, read this article to calculate vehicle/car insurance premium online calculator.

What is a Vehicle Car Insurance Premium Calculator?

The car insurance premium calculator is an online tool provided by the insurance company. A premium calculator is available on the official websites of almost all reputable motor insurance companies.

Using the car insurance calculator, you can figure out how much you need to pay for your car insurance policy and premium.

To use the car insurance calculator, merely enter some basic information about yourself, including the policyholder’s name, contact information, and address, followed by some standard details about the vehicle you’re insured for.

In addition to these details, the car manufacturer’s name, model number, year of manufacture, car subtype, fuel type, and registration date are all required to calculate. However, several companies also offer the option of installing the accessories inside your vehicle.

After that, simply click on the “calculate premium” button and the quote will appear immediately. So, you can make a payment to buy the car insurance of your choice.

How to calculate vehicle car insurance premium online calculator?

The following formula will help you better understand how car insurance premiums are calculated.

Premium = Own Damage Premium – (No claim bonus + discounts) + Liability Premium + Cost of Add-ons

How to Use a Car Insurance Calculator Online?

The car insurance calculator helps you calculate the premium online and compare policies from different insurance companies. Using this option, you can evaluate the options available and narrow down on the plan that meets your needs.

Premium Calculation for Used and New Cars

A car insurance company calculates its premium according to its own set of parameters. The following factors are generally taken into account by most insurers.

Premium calculator for used cars

The online car insurance calculator helps you find the best auto insurance policy for your vehicle transparently and conveniently. 

Using the used car insurance calculator tool, you can calculate the premium for your vehicle in just a few seconds.

Here are the details you will need to provide to calculate the used car premium:

• Type of car
• Fuel type
• Details regarding the change in ownership

• Claims for previous years, if applicable
• Details of the existing car insurance policy
• Registration number of the car

Premium calculator for new cars

Using the new car insurance calculator tool, you can compare the top car insurance companies and their policies in a few easy steps. 

A new car owner can use it to narrow down the best auto insurance policy for their needs.

To calculate the premium for an insurance policy for a new car, you would need to provide the following details:

• The name of the car manufacturer

• Personal details of the owner-driver
• The model of the vehicle
• Year of manufacture
• State of registration of the vehicle

Benefits of a Car Insurance Premium Calculator

Car insurance premium calculators are easy to use and produce quick results.

By using it, you can benefit from hassle-free and paperless policy purchases from the comfort of your home.

One of the key advantages of using a car insurance calculator tool is that you won’t be influenced by insurance agents. 

Moreover, you can adjust the variables in the calculator tool to see how the premium changes. And, this tool helps you understand the nuances of the plan when buying the policy so you can make the right decision.

Factors Affecting Car Insurance Premium

There are several factors that affect vehicle/car premium insurance, so take a look at the following elements before you finalize your plan,

Type of Policy 

It is important to remember that the type of policy you choose will affect the premium you pay for your car. Comprehensive insurance provides more coverage than third-party plans, so it is more expensive.

How Old is Your Vehicle?

Older vehicles have less value than new ones, so insurance rates for old vehicles are lower than those for new ones.

The Vehicle’s MMV

MMV refers to the make, model, and variant of your four-wheeler. Your vehicle’s or car’s value is determined by these three factors, which affect the premium price as well.

Add-Ons

The more coverage a policy offers, the more it will cost. Depending on your needs, you can select as many add-ons as you wish.

Tenure of Policy 

According to recent guidelines, you can insure your car for 3 years. A longer tenure requires you to pay the premium in a lump sum, which may appear more expensive.

Fuel Variant

Due to the higher cost of diesel vehicles, insurance coverage for a diesel vehicle is more expensive.

Your Location

In a metropolitan city, roads are much more congested, which increases the probability of an accident. Therefore, the premium rate in a metro city is higher than in a Tier-II or Tier-III city.

Deductible

A deductible is an amount that you pay yourself as part of a claim. To lower your car insurance premium, choose a higher deductible one. By adjusting the deductible value, you can bring the premium to a level within your budget.

The post How To Calculate Car Insurance Premium Online? appeared first on Blogs - Policyplayer.

If you are a vehicle owner and have vehicle insurance, then in case of an accident or damage to the car or its components, you can file the insurance claim with your car insurance company. The insurer pays for the repair cost. This compensation is as per the policy availed by the policyholder.

It is important to make a claim within two days of the accident. In the case of a cashless claim, the policyholder doesn’t have to pay anything, whereas in the case of reimbursement, the policyholder will have to bear the repair cost initially, and later, it is reimbursed by the insurance company. 

Documents to Submit for the Claim of Car Insurance

To make a claim for car insurance, the policyholder must provide certain documents. Make sure that you submit all the documents to avoid hassles during the insurance claim process. You will be required to have the following documents:

1. A copy of the car insurance policy
2. FIR report that has been filed for the car damage
3. Registration certificate of the car

Additionally, you will be required to submit:

1. An estimate of the repairs
2. Medical report in case there has been any physical injury
3. Original record of any other expenses borne by the policyholder

How to claim the car insurance?

The claim process can sometimes become overwhelming for the car owners, and hence, it is important that you must know about the right steps of the insurance claim process beforehand. The following section highlights the detailed steps of an insurance claim:

Step 1: Contact the insurance company

One of the first things that you must do in case of any damage to your car is to inform about the car damage to your insurance company. There is a timeline, and you must inform the car insurance company about the same. This timeline may vary from one insurance company to another, so make sure that you follow the instructions as mentioned by your insurance provider. 

Step 2: Lodge An FIR 

Simultaneously, you must also file the FIR in the nearest police station. FIR is mandatory for the claim settlement, and you will be required to submit the FIR to the insurance company along with the other documents. The police will visit the spot to check the damage and will identify whether it was an accident or mechanical failure. The insurance company will also need the surveyor to check the vehicle. An important point to note here is that you must not move the vehicle without the permission of the police and insurance company. 

Step 3: Take Photographs 

To support your claim process, you must also click the photograph of the scene of the event. This will help you in the claim process.  

Step 4: Submit All the Documents 

After the FIR, your next move should be to submit the claim required with your car insurance company. The company will start processing your request only when you submit all the documents such as the FIR, car registration, DL, and other documents that your insurance company may ask for. 

After the visit of the surveyor and the submission of the documents with the company, the company will assess whether or not the claim process is genuine.

An important point to note here is that the amount of insurance claim depends on the type of insurance policy you hold. For example, if you have third-party insurance, then the cost of damage to a third-party vehicle is covered, and in the case of a comprehensive insurance policy, the repair cost of the policyholder vehicle is also covered.

To save yourself from the hassles of the claim process, it is important that you must follow the steps of the insurance claim properly. In case your claim is rejected, you can raise a dispute with the grievance redressal officer as well.

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