Havmore Insurance Brokers Pvt Ltd

  Just got an electric vehicle (EV)? Before you zoom off into the eco-friendly sunset, let’s make sure your insurance is as cutting-edge as your ride! Here’s the lowdown on what you should look out for: Battery Coverage : Your EV’s battery is its most expensive part! In India, replacing a battery can cost between ₹5,00,000 to ₹12,00,000. For instance, the Tata Nexon EV’s battery replacement could be around ₹6,00,000. Without proper battery coverage, you might be stuck with this hefty bill if something goes wrong.  Charging Equipment Protection: More than 60% of EV owners charge at home! 🏠 But if your home charging station is damaged, it could cost you ₹25,000 to repair or replace it. 😱 Ensure your insurance includes coverage for home charging equipment to avoid these unexpected costs.  Specialized Repairs: EVs often need specialized repairs, which can be 20% higher than for traditional cars.  For example, fixing a minor collision on a Mahindra eVerito might cost...

In an era where healthcare costs are soaring and the incidence of critical illnesses is rising, having the right insurance coverage is more crucial than ever. Critical illness insurance provides essential financial support when facing life-threatening diseases, but many people are still unsure about its importance. Here’s why investing in critical illness insurance in India is a smart choice, supported by key statistics: 1. Financial Protection Against High Medical Costs   Cancer treatment can exceed ₹10 lakh and heart surgeries up to ₹5 lakh. Critical illness insurance helps cover these high costs and prevents financial strain. (Source: Economic Times) 2. Comprehensive Coverage for Major Diseases Covers serious conditions like cancer, heart attacks, strokes, and kidney failure. With 1.5 million new cancer cases annually and heart diseases causing 28% of deaths, this insurance is crucial. (Source: Indian Council of Medical Research) 3. Provides a Lump Sum Payout   Of...

  The gig economy has seen significant growth, with an increasing number of professionals—such as Chartered Accountants (CAs), architects, engineers, doctors, and lawyers—operating independently or on short-term contracts. This shift toward freelance and contract work has created a heightened need for professional indemnity insurance (PII). PII provides essential protection against claims of negligence, errors, or omissions that could arise during the course of professional work. How PII Works : Professional indemnity insurance operates by covering the costs associated with legal claims made against a professional for alleged errors or omissions in their services. If a client believes that a mistake or negligent act by the professional has resulted in financial loss or damages, PII steps in to cover the legal defense costs, including attorney fees and court expenses. Additionally, PII can provide coverage for any settlements or compensation awarded to the claimant. This protection...