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If you have already insured your car and the insurance in not void till you lodge FIR, The insurance company will be paying the foreclosure amount whatever it be. Other Terms,: Incase if the sum assured is less than foreclosure amount, the rest amount will be payable. Incase if you ask for waivers, it’s clearly comes under settlement.
Momentum Car Insurance Momentum Insurance was originally founded in 1966 and is today part of the MMI Holdings group following the merger of Momentum and Metropolitan in 2010 to form. Momentum Insurance was originally founded in 1966 and is today part of the MMI Holdings group following the merger of Momentum and Metropolitan in 2010 to form. Car
Car Insurance or motor insurance covers for losses that you might incur if your car gets damaged or stolen. The premium amount of your car insurance is decided on the basis of Insured Declared Value or IDV of the vehicle. If you increase the IDV, the premium rises and if you lower it, the premium reduces.