MotorQuote Direct: MotorQuoteDirect offers UK car insurance / motor insurance to all drivers at competitive rates and from an extensive panel of leading UK insurance companies, 24 hours a day.

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Norwich Union Car Insurance: Norwich Union’s car insurance is flexible enough to meet your needs. Their online car insurance quotes provide instant cover, offer generous no claims discount and the backing of a brand you can trust.

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Budget Insurance : As one of the UK’s leading insurance intermediaries Budget can get you the best quote from a panel of 20 leading car insurance providers – and their special deals mean you get an even better price.

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its4me : its4me offers UK car insurance at competitive rates from a panel of leading insurers, 24 hours a day. Their fully trained team is waiting in the background, should you need assistance

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Guide to Car and Vehicle Insurance Purchase

Types of Vehicles Covered

• Motor Cycle/Scooter
• Private Car
• Commercial Vehicles a) Goods carrying vehicles b) Passenger carrying Vehicles c) Miscellaneous and special type of vehicle

Basis of Valuation

Insurers ask for your estimate of the value of the vehicle. This has to be determined by the value at which it can be bought or sold in the market. This is known as the market value. This market value should be re-determined at the time of renewal of the claim. In the event of a claim, it is the market value at the time of the accident or theft( not at the time of taking insurance) or sum insured whichever is less.

No claim Bonus

No claim Bonus is the discount which is given on the renewal of the policy in case there is no claim in the earlier year. This discount is given only on the own damage component of the premium. Malus is the loading on the own damage premium if there is a claim in the previous year.

No claim Bonus- Typical scales:

	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5
Private Car/ Taxi:
Bonus		20%	35%	50%	65%
Motor cycle/Scooter and Commercial vehicles:
Bonus	20%	30%	35%	45%	55%

Membership of Automobile Associations

Individuals insured (not companies) who are members of recognised Automobile Associations e.g., A.A. , RAC are entitled to discount on premium. You will need to give details about membership number and date of expiry of membership.

Extra benefits available on payment of additional premium

Personal Accident Cover(irrespective of age): This can be taken for passengers in the vehicle subject to a maximum number based on the seating capacity of the vehicle.

Benefits available whilst transacting a private vehicle

For the Seller:

When insured sells his vehicle,he can :

• transfer the no claim bonus(NCB) earned to his policy on new purchase.
• or freeze the NCB for 3 years by giving an application in the office. The NCB can then be availed of within 3 years.
• or else insured can substitute the new vehicle in the existing policy, on production of proof of sale of old vehicle.

For the Buyer: Similarly, when a second hand vehicle is purchased:

• The insurance can be transferred in the name of the new owner on the production of sale letter.
• or else , a new policy can be issued after inspection of the vehicle.
• while purchasing the second hand vehicle, buyer should get a police verification of the vehicle.

General information

• Compulsory excess: This is the compulsory deduction from every claim.
• Towing Charges: These are the charges paid by the company additional to the claim.
• Transfers from other companies are accepted without any loss of benefits such as no claim bonus.
• It is not permissible to issue Agreed Value Policy except for vintage cars.
• Motor policies shold be valid throughout the EU – however you will need to check full details with your insurer before travelling abroad with the vehicle.
• It is advisable to pay premium in instalments if you can.
• No policy can be issued or renewed for a period longer than one year. Premium for policy issued or renewed for a period shorter than one year to be charged as per short period scale of premium.

Types of Insurance Policies

Third Party

Third party insurance acovers damage or harm caused to third parties other than the insured. It is compulsory to take this cover. Scope of Cover: Under this policy the company covers the legal liability of the insured in the following cases:

• Death of or bodily injury to any person
• Damage to property other than belonging to the insured or held in trust or in the custody or control of the insured.

There is a provision in the motor tariff by which on the payment of additional premium as detailed below, it is possible to take unlimited cover for damage to property also.

Comprehensive

This is an option, which is advisable if you wish to have accidents covered which may not involve another vehicle and which could involve considerable repair costs. Scope of Cover The company indemnifies the insured against the loss or damage to the motor vehicle and /or its accessories arising from:

• Fire,explosion, self ignition or lightning; Burglary,house breaking or theft; Riot and strike; Earthquake (fire and shock damage);
• Flood, typhoon, hurricane, inundation, cyclone, hailstorm;
• Accidental external means; Malicious act; Terrorism;
• Whilst in transit by road, rail, inland waterways, lift elevator or air.

Note : Charges for towing the vehicle after an accident to the repairer may be covered.

Exclusions to the Comprehensive Insurance Policy

• The company shall not be liable to make any payment in respect of consequential loss, depreciation, wear and tear, mechanical and electrical breakdown, failures or breakages;
• Damage to tyres unless the motor vehicle is damaged at the same time when the liability of the company is limited to 50% of the cost of replacement;
• Loss or damage to accessories by burglary, house breaking or theft unless the motor vehicle is stolen at the same time;
• Any accidental loss or damage suffered whilst the insured or any person driving with the knowledge and consent of the insured is under the intoxicating influence of liquor and drugs.