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Is your Credit Score >750?
Two-wheeler insurance features vary under different policies. If it is a comprehensive two-wheeler insurance policy that comes with added benefits, then this would increase the value of the two-wheeler policy ensuring the insurer is totally covered. In such a case, the insurance provider will accept the claim for reimbursement or cashless claims.
However, not all two-wheeler policies come with such benefits. So, it is important that the owner of a two-wheeler goes through the fine print of the policy document to understand the overall terms and conditions.
This is necessary to understand what kind of costs are covered under the policy and will be accepted by the insurance providers while filing claims and vice versa. If you raise a claim which is not covered under the policy, then there are high chances of such claims getting rejected by the insurance provider. So, you should file a claim only when you are certain that your claim will be accepted by the insurance provider.
When should you not claim Two-wheeler Insurance?
Common instances when you should not claim a two-wheeler insurance claim due to it leading to rejection are
When purchasing two-wheeler insurance, if you have not disclosed correct particulars, or missed out on some particulars or they have become outdated, then under such circumstance, it is better to avoid filing a claim. There is a high chance of your claim getting rejected by the insurance provider on grounds of misrepresentation of facts and may also involve legal implications. Always ensure your insurance records are up to date with the insurance company before filing for any claim.
Driving under Alcohol/ Drug Influence
If during the time of the accident, you have been driving under the influence of alcohol or drugs, then do not file the claim. The insurance company would not accept the claim in such a case and also it is against the law.
If your two-wheeler was being used by somebody else and they did not have a license at the time of the accident, then you would be held liable for such a transgression. Under such a situation, your insurance provider would not cover the expenses incurred and reject the claim, as the third person did not have a valid license.
Nominee not covered
If the person riding your two-wheeler has not been covered as a nominee in your two-wheeler insurance policy, your insurance provider will not accept a claim for damages caused by the accident. So, avoid filing such a claim.
If you have not serviced your two-wheeler regularly as per the manufacturer specifications, then the insurance provider will not consider the claims in case of an accident.
Any irregular/ fraudulent additions to your repair costs can stand rejected by the insurance provider if they become aware that you are trying to claim more insurance than actually required.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
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