In the past six months, many states have been hit by cyclones, earthquakes, floods and other natural disasters, and properties, cars and other goods have been damaged in many households. For those, who have adequate insurance, this would be the time to make claims. Take for instance, in case of a car, Sajja Praveen Chowdary, head of Motor Insurance, PolicyBazaar says: “Accidents are just one risk that can happen.
The general cost of an accident is in the range of Rs 15,000 to Rs 25,000. Loss due to a natural disaster can be much higher. For example, 75 per cent of your car gets ...
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