| | NOVEMBER 20219How to Buy & Renew TVS Insuranceroadside assistance, and many more.· Protection against events out of your control like floods, earthquakes, fire, and many more.What is not covered by TVS Insurance?Even though TVS insurance covers most of the uncertainties, still some events are not covered owing to their exceptional nature, which includes:· Normal wear and tear of your TVS.· Driving under the influence of alcohol and drugs.· Driving without a valid driving license.· Damage due to human warfare and nuclear activities.· Willful negligence and illegal driving.· Mechanical and electrical breakdown of the vehicle.Add-ons for your TVS InsuranceVarious add-ons are available that make your TVS insurance suit your specific needs. These add-ons include:1. Zero Depreciation Cover: At the time of claim settlement, insurance companies deduct the depreciation amount from the claim, which reduces your compensation. Zero depreciation cover ensures that the depreciation is not deducted from the claim and thus enhances your compensation.2. Flat Tyre Cover: In case of a flat tyre during your journey, this cover ensures to help you get your TVS back on the road.3. On-site Repair Cover: If your vehicle gets stuck for any reason, then on-site repair services can be available. Also, if towing assistance is included, your TVS can be towed to the nearest garage with ease.4. Spare Keys Cover: In case of misplacement of your TVS keys, the company will provide you with the spare keys as per the terms.Renewal of TVS InsuranceRenewal of your TVS insurance is an entirely online and easy procedure. Visit the online portal of the insurance company and furnish the following details:1. Mobile Number2. Policy Number3. Vehicle Registration Number or Engine Number or Chassis NumberTVS Insurance Claim ProcessIn case of an accident or mishap, you should try to report to the company at the earliest for instant support and filing a claim application. During the claim intimation, you will need to furnish the following details:1. Name and contact details of the driver2. Policy number3. Location of accident4. Time and date of the accident5. Details of the accident and the damage incurred6. Details of the policyholderA claim reference number will be generated, and a surveyor will be assigned to survey the damage to the vehicle. All necessary documents required by the surveyor and the company shall be submitted, and the surveyor will calculate the estimated loss. Compensation will be provided as per the terms of the insurance policy.ConclusionBuying TVS insurance can become a little tricky with many different options and companies available. You can compare various companies by getting the quote and extent of coverage they are providing. By not having TVS insurance, you may attract penalties under the Motor Vehicles Act, 1988. Having TVS insurance is more of a necessity than a compulsion owing to the safety of yourself, your family, third party, and your TVS as well. Get your insurance now!
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