Join us for Episode 2 of ACKtually Speaking with Maddy as we delve into the world of auto insurance, Indian driving behaviour, road rage, the logic behind the legal requirement for insurance and so much more! In this podcast, we talk about: 0:00 : Intro 0:28 : Why are Indians always angry on the road? 2:02 : I've had an accident. Whose insurance covers this? 3:32 : Isn't insurance supposed to give you peace of mind? 3:52 : Types of vehicle insurance coverages 4:40 : The truth behind why Insurance is mandatory by the law 4:50 : How does a third party benefit from your insurance? 5:48 : What to do when you get into an accident 6:29 : How can I claim third party insurance if someone hits me? 7:43 : How does the MACT take decisions? 9:30 : Don't go to jail. Get Auto Insurance. 10:00 : Why Indians don't insure their vehicle 10:46 : Why Auto Insurance is necessary 13:28 : Why cops check for insurance 15:22 : Will my car still be covered if it's in an accident while I'm not driving? 16:27 : Decoding Own Damage Insurance 16:47 : Friends Behind the Wheel? Am I still covered? 17:50 : The C word 18:25 : What happens when i drive drunk? 18:46 : Personal Cars ≠ Commercial Use Coverage 20:25 : Deciding the right right insurance for you 21:10 : Demystifying IDV 22:50 : Choosing the correct IDV 23:30 :No Claim Bonus Explained 24:34 : Enhancing Your Coverage with Add-Ons 25:04 : Buying A New Car? Alternatives to Dealership Insurance 25:51 : Unlocking NCB Benefits for Your New Car 26:51 : Upgrade your car with this Insurance hack 28:00 : What is the right premium? 29:40 : What you probably didn't know about car insurance 30:59 : Zero Depreciation Cover Decoded 31:27 : Protecting your engine 33:03 : Return to Invoice Cover Explained 36:33 : Why you need to contact your insurer first after an accident The examples in the video are only illustrative in nature. ACKtually Speaking with Maddy gets into the grey areas of our financial lives, where seemingly everyday decisions can have a profound impact on us, and the ones we love - whether it's in the way we brush death under the carpet, how we react on the road or the way we approach health - this podcast is a series of no-nonsense conversations driven by our curious, superstar host: R Madhavan.