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Kotak General Insurance Illuminates Diwali Safety with 'Khushiyon Ka Cover' Campaign

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How Modifications Of Car Impacts Its Insurance Policy

Car enthusiasts often modify their car to enhance its aesthetic appeal, add more comfort, or improve performance. These changes can affect the vehicle insurance premium as they may compromise the safety aspect of the vehicle. ....

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Understanding the impact of your car insurance policy

Mumbai (Maharashtra) [India], August 2 (ANI/BusinessWire India): Car enthusiasts often modify their car to enhance its aesthetic appeal, add more comfort, or improve performance. These changes can affect the vehicle insurance premium as they may compromise the safety aspect of the vehicle. Whether you're modifying your car or even adding any accessories that could alter a car's security or performance, you need to inform the car insurance provider about any such changes. Depending on the modifications made, your car insurance premium, it may increase or reduce. Modifications That Can Increase Car Insurance Premium - New Paint Job Specialised paintworks such as decorative decals or eye-catching designs painted on your car can increase the chances of theft and may have a bearing on the car's insurance premium. - Changing Car Interiors You need to inform your insurer about any changes to the car's interior. This includes changing the car's steering wheel, pedals, sound ....

Businesswire India , Own Damage , Kotak General Insurance , Kotak Car Secure , Mumbai Maharashtra India , Ugust 2 Ani Businesswire India Car Enthusiasts Often Modify Their To Enhance Its Aesthetic Appeal , Dd More Comfort , R Improve Performance These Changes Can Affect The Vehicle Insurance Premium As They May Compromise Safety Aspect Of Whether You 39 Re Modifying Your Car Or Even Adding Any Accessories That Could Altera 39s Security , Ou Need To Inform The Car Insurance Provider About Any Such Changes Depending On Modifications Made , Our Car Insurance Premium , T May Increase Or Reduce Modifications That Can Car Insurance Premium New Paint Job Specialised Paintworks Such As Decorative Decals Eye Catching Designs Painted On Your The Chances Of Theft And Havea Bearing 39s Changing Interiors You Need To Inform Insurer About Any Changes Interior This Includes Steering Wheel , Ound System Or Even Seats The Quality Of Products Used Also Affects Insurance Premium Engine Modification People Often Modify Car 39s To Improve Its Performance Such Modifications Can Help Vehicle Achieve Higher Speed And Quicker Acceleration On Flip Side , Uch Changes Also Raise The Risk Of Accidents Or Even Theft , Ncreasing The Car 39s Risk Profile Therefore , Ny Such Engine Modification , Ike Addinga Turbocharger Or Nitrous Oxide Unit , Ill Increase The Insurance Premium Amount Replacing Engine Firm Chargesa Standard Car On Factory Installed Engines Based Make Of Model , Nd Manufacturing Year Therefore , Eplacing The Original Manufacturer 39s Engine Witha Non Standard One Will Affect Premium Charges Wheels Nowadays , T Is Common To Change The Standard Car Wheels With Alloy Or Even Broader Tyres Installing Such Tires Can Increase 39s Worth Risk Of Theft Both In Either Case , T Often Results In Higher Insurance Premium Costs Suspension System And Brakes Upgrading Or Changing Your Can Change The Overall Risk Profile Safety Score Of Car Notify Insurer To Reassess Case Any Such Modifications Some Reduce All Don 39t Result Ina Vehicle For Instance , Nstalling An Arai Approved Anti Theft Alarm System Ora Tracking In Your Car Lowers The Risk Of Or Break Similarly , Nstalling Parking Sensors Will Reduce The Risk Of Accidentally Smashing Your Car Against Another Ora Wall While Reversing Such Modifications For Insurer Therefore , He Insurer Is Likely To Encourage Such Customisations By Providing Discounts On The Own Damage Part Of Car Insurance Premium Benefits Ofa Comprehensive Motor Policy It Important Inform Your Provider About Any Modifications Changes Made Not Doing So Could Result In Rejection Claim Also , O For Authorised Service Garages And Certified Parts Making Any Changes To Your Cara Comprehensive Motor Insurance Policy Should Cover All The Damages Caused You , Your Vehicle ,

Business News | Understanding the Impact of Your Car Insurance Policy

Get latest articles and stories on Business at LatestLY. Car enthusiasts often modify their car to enhance its aesthetic appeal, add more comfort, or improve performance. These changes can affect the vehicle insurance premium as they may compromise the safety aspect of the vehicle. Business News | Understanding the Impact of Your Car Insurance Policy. ....

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