As a bike owner, you must be aware of the requirement to have a bike insurance policy. This policy is not only mandatory by law, but in fact a legal compliance in addition to registration and PUC requirements for your two-wheeler. Considering the different jargons used in the policy documents, many often perceive them as being complicated. For a layman, these terms can often be the cause of confusion, but in reality, they are simple to understand if broken down. One such term that you must know before buying a bike insurance is the Insured Declared Value, or IDV.

What is IDV?

Insured declared value or as popularly abbreviated IDV is the approximate valuation of your bike. IDV is calculated based on the assumption of what value your vehicle would fetch if sold in the open market in an as-is condition. In the event of an accident resulting in a total loss situation, the insurance company pays such an amount of pre-determined IDV as compensation. Apart from accidental damage, the IDV is paid even when it is a case of theft. Hence, the IDV is a crucial amount that you need to consider when buying a comprehensive bike insurance cover.

IDV and its correlation with insurance premiums

As discussed above, IDV is the amount that the insurance company pays as compensation. Thus, it is the risk that the insurance company undertakes at the time of endorsing the policy. While insurance companies charge premiums to cover such a risk, IDV impacts the premiums of insurance plans. There is a direct correlation of the premium amount and the IDV determined for your vehicle. Hence, altering the IDV also impacts the premium calculations. Thus, you must remember to use a two wheeler insurance premium calculator when changing the IDV. * Standard T&C Apply

What are the points to remember when determining the IDV?

• The first point when setting the IDV is to not understate it. While lowering the IDV will help you bring the premium to an affordable level, it does increase the risk in the event of an accident or theft.

• Similarly, do not overstate the IDV, as doing so will increase the premium in its proportion. Since the compensation is provided is based on the amount of loss and not always

* Standard T&C Apply

What you need to know when lowering the IDV?

The IDV of your vehicle has a direct relation to the premium charged. Hence, reducing the IDV will help lower the insurance premium too. But doing so has the downside of a lower compensation being paid by the insurer in the event of a total loss. This will require you to bear financial loss despite having insurance cover. This act of lowering the IDV might end up becoming a financial loss in the event of an unfortunate accident resulting in total loss or theft.

Thus, remember to not lower the IDV during bike insurance renewal to only save a few bucks on the premium amount. Even if you do not save a nominal amount, the premium will ensure financial coverage in unfortunate accident situations. * Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

Machines are prone to depreciating in value over time. This can either be due to its use or simply due to the passage of time. Whatever the reason, its value does get impacted as time passes. Two-wheelers are no exception to this phenomenon. Since the engine is the heart of the vehicle, which has several moving parts, there is a reduction in its value over time, which is called depreciation.

How does depreciation impact the bike insurance policy?

As discussed above, the depreciation element lowers the value of the vehicle. This is not only true at the time of its sale, but also when raising an insurance claim. As the value of the vehicle reduces with the passage of time, the replacement of its parts will require a lower amount, which is reflected by way of a reduced insurance payout. Thus, the older the bike, the higher the depreciation impacting it. This, in effect, lowers the compensation paid by the insurance company. The depreciation component is calculated on different spares at different rates since they have left the factory floor. Using a zero-depreciation insurance cover, the impact of depreciation on lowering the insurance claim payout can be mitigated. Let’s look at it. * Standard T&C Apply

What is a zero-depreciation cover?

Zero-depreciation cover, also known as nil depreciation cover, bumper-to-bumper insurance cover, and zero-dep plan, is an add-on to your standard comprehensive insurance plan. With the help of this add-on, any effect of depreciation impacting the compensation at the time of claim can be eliminated. Thus, in effect, the claim amount increases. However, you must keep in mind that it is an additional insurance cover that you can opt for and that it does impact the bike insurance price.

What are the advantages of choosing a zero-depreciation plan?

Zero depreciation add-on is an effective way to eliminate any effect of depreciation in your bike insurance claim that otherwise would lower the compensation paid by a standard comprehensive cover. Hence, the benefits of a zero-depreciations cover are far greater than its cost.

The high out-of-pocket expenses that are required to be paid for standard comprehensive plans are reduced when you purchase a zero-depreciation cover. Not only for comprehensive plans, but also for standalone own-damage covers, the zero-depreciation add-on works in a similar fashion.

In addition to the above, a zero-depreciation add-on includes replacement coverage for a wide number of spares. Thus, the investment cost of these plans is minimal when compared with the benefits they offer.

However, despite the above benefits, you must keep in mind that such coverage is limited to vehicles no older than five years. So, if you have an old bike, you will not be able to take advantage of this add-on cover. * Standard T&C Apply

Who can benefit from buying a zero-depreciation add-on?

A zero-depreciation cover is best suited for two-wheelers that are new or relatively new in the case of a used two-wheeler. Individuals with expensive bikes whose repair costs are high can benefit from using a zero-depreciation plan. At these times, when depreciation lowers the insurance payout, it can burn a deeper hole in your wallet by way of increased out-of-pocket expenses. Also, new and inexperienced riders can make the most of this zero-depreciation plan as they have a higher probability of damaging their vehicle. * Standard T&C Apply

These are some reasons why it is essential to have a zero-depreciation cover as a complementary feature to your comprehensive insurance cover. While it does impact the price, you can make use of a two wheeler insurance premium calculator to gauge how much it impacts the overall premium amount. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

A Useful Crossover SUV That’s Big on Features and Capability

SUV shoppers looking for a vehicle that handles like a car, but offers the interior space of a much larger vehicle will be pleased with the 2022 Ford Escape, the crossover SUV offering from Ford Motor Company.

With its friendly and approachable body style and spacious seating, it’s an ideal vehicle for those with lots of passengers or big cargo demands. And because of it’s entry height, those with certain mobility or flexibility issues may find that it’s ultra easy to climb aboard.

Vroom Vroom! Engine Options That’ll Make Your Heart Race
The 2022 Escape comes in several powertrains, which are both zippy and fuel-efficient.

For starters, the 181-horsepower turbocharged 1.5-liter three-cylinder comes with either front- or all-wheel drive. Also available is a 250-horsepower turbocharged 2.0-liter four-cylinder, which goes from zero to 60 in 5.7 seconds. Both are paired with an eight-speed automatic transmission. We like the turbo four-cylinder the best of the two.

To compete with other automakers, Ford added two hybrid versions of the 2022 Ford Escape. One is a traditional hybrid, while the other is a plug-in. Both powertrains are a 2.5-liter four-cylinder with two electric motors, combined to reach 221 horsepower. The plug-in hybrid is equipped with a 14.4-kWh battery pack, capable of driving 37 miles on a single charge.

In terms of fuel economy, the three-cylinder with front-wheel drive is most efficient among non-hybrids, rated for a combined 30 miles per gallon. All-wheel drive drops the combined miles per gallon to 28. The larger turbocharged engine achieves 26 miles per gallon combined, but the plug-in hybrid achieves as much as 44 miles per gallon, the most fuel-efficient of all options.

Creature Comforts Inside
The cabin of the 2022 Ford Escape is plenty spacious for passengers, no matter where they’re sitting. Highly-textured cloth upholstery comes standard, but the Titanium trim level gets you genuine leather seats.

In terms of cargo, you’ll fit up to eight carry-on suitcases under the hatchback, but with the rear seats folded down, this crossover SUV can handle about 21 of them. With that kind of cargo room, the Escape can carry most anything you’d need to haul around.

The S trim level comes equipped with a 4.2-inch radio display and AM/FM radio, but the SE trim and up are decked out with an 8-inch touchscreen display with Ford’s Sync 3 infotainment interface and Apple CarPlay and Android Auto capabilities. The Titanium model is equipped with a premium 10-speaker Bang & Olufsen audio system and built-in navigation on a whopping 12.3-inch display, with head-up display as an option.

For every Escape model, download an app on your smartphone, and you’ll access vehicle telematics and remote start.

How Safe is the 2022 Ford Escape?
The latest Escape model earned top marks from the National Highway Traffic Safety Administration (NHTSA), and the Insurance Institute for Highway Safety named it a Top Safety Pick. In short, yes, the Escape is safe.

Ford Motor Company offers a slew of driver safety features on the 2022 Escape, but standard highlights include:

• Blind-spot monitoring with rear cross-traffic alert
• Lane-departure warning with lane-keeping assist
• Forward-collision warning with automated emergency braking

New This Model Year
The 2022 Ford Escape is very similar to the 2021, aside from three new exterior color choices: Atlas Blue, Flight Blue, and Iced Blue.

That said, if you want to save a little money on the purchase price of your vehicle, it may be in your best interest to look at 2021 models at the used car dealership while shopping for an Escape SUV.

To find a pre-owned Escape, run a Google search for “used car dealership near me,” and pick the most reputable one – the dealership with the highest customer satisfaction ratings and best prices.

Ford’s New Vehicle Warranty for the Ford Escape
Perhaps the biggest benefit to purchasing a brand-new vehicle, rather than shopping pre-owned inventory, is that owners get the full factory warranty. Ford Motor Company includes:

• Limited warranty for 3 years or 36,000 miles, whichever comes first
• Powertrain warranty for 5 years or 60,000 miles, whichever comes first
• Hybrid component warranty for 8 years or 100,000 miles, whichever comes first

Some used vehicles may come with a remainder factory warranty, so when shopping, weigh your options carefully to make the right decision for you.

The Bottom Line
The 2022 Ford Escape is a safe crossover SUV that is fuel-efficient and offers plenty of cargo room. With MSRP prices starting at about $28,000, it is a reasonably-priced option for what you’re getting.

The importance of car maintenance

It is important to maintain your car as it can help prevent many problems such as getting stuck on the side of the road. It will also help you avoid overpaid mechanics and save money in the long run.

You may think that your car does not need maintenance, but there are many things that can go wrong with it. If you want to save fuel and avoid getting stuck on the side of the road, make sure you take care of your car by following these tips.

What is the best way to maintain your car? 

There are many ways to maintain a car. We will discuss some of the most popular and their benefits.

The following tips will help you maintain your new car.

– Do not use the car for more than an hour without rest.

– On hot days, place the car in an air-conditioned area. 

-Close windows and use the air conditioning when it is raining or snowing to prevent the seats from getting wet.

– Switch off the car at least once a month and vacuum every week.

We must always keep our car in a clean and safe environment. This includes storage in the washing machine, wax and vacuum. You should also take care of the interior by wiping all surfaces with a damp cloth or paper towel. We also need to operate a machine of our car that runs at least 15 minutes for 15 minutes to ensure sufficient gas and oil stream to be smooth.

We must always maintain our car in a clean and safe environment. Includes maintenance of washing, flowing and vacation. You must also take care of the interior to remove all surfaces with a damp cloth or a paper towel. We must also keep the machine of our car that runs at least 15 minutes for at least 15 minutes to ensure that it cares

How do you avoid car breaks down?

Many people know that they will have the meaning of their car. But they don’t know how to do it. There are many tips for transporting vehicles to help you prevent you from fighting the road.

Auto-burglary can be a very good experience for drivers. If it’s a car break, it is important to prepare and know what to do. The first thing to do with such events is not to be afraid and stay calm.

If there are other people in the car, it is important to stay calm.

Another should spend some deep breath and evaluation of the situation – helps them keep their emotions and make good decisions.

In the event of an emergency, it should ask for help or out or leave the vehicle if they cannot achieve any telephone signal. If you have children in the car, someone must attempt to secure over the belts or baby locks. 

You must first keep the oil level at the correct level. The engine needs enough oil to run well and if it is too low, it cannot be lubricated well.

Second, make sure your air filter is clean and replace it if necessary. Dirty air filters can cause the engine to overheat or stop on the road.

Third, change the spark plugs regularly to get the best performance and longevity for your car’s engine. 

Fourth, your wheels regularly review all signs of wear or damage and replace them as soon as possible if there are problems with them.

Fifth, get additives for your machine such as using friction modifier that can help improve engine life.

Conclusion

New drivers and clear drivers should be aware of vehicle maintenance. Record Logbook and see the wizard.

The icing between the roads is the last thing you want to get used to. I hope you like this item and stay safe on your trip!