Car Insurance is a contract you and your insurer enter into, to protect you from financial damages caused by unforeseeable circumstances like accidents, theft, and even natural calamities. The Government of India has made it mandatory for all car owners to have a third-party car insurance policy. This policy covers the damages caused to life and property of individuals, other than you, affected by an accident your car unfortunately becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover majority of the liabilities you might attract if your car gets damaged in a social unrest, natural calamity, or even gets stolen in a case of theft.
WHY SHOULD YOU BUY A CAR INSURANCE POLICY?
- Covers Expenses On Own Damage: Apart from accidents, cars can be damaged due to natural disasters, Regardless of the reason, expenses are involved in getting the car repaired. That’s why it’s ideal to buy a car insurance as it covers damages arising due to unforseen accidents.
- Third-party Liabilities: A car is a machine that is subjected to technical issues. A car gone out of control is a threat to civilians and public properties. If there has been an accident with your car, you are bound to compensate for the damages caused. If you have a car insurance policy, your insurance company will take care of the liabilities.
- Personal Accidents:Having a four wheeler insurance is like driving with a lifeguard. There is a backup you have to cover the expenses incurred due to car accidents. A car insurance policy also compensates for permanent disability arising due to a car accident. This is an ideal financial support that is inevitable for families.The car insurance plan can also have cover for you and occupants for accidental death and permanent total or partial disability (loss of limb) due to accident of car.
- Extended Benefits with Add-ons: Apart from the benefits you just saw, you could include add-on benefits such as depreciation shield cover, consumables expenses, breakdown assistance, conveyance benefits, Engine protector and more when you buy car insurance. This only makes your policy loaded with more benefits.
- Additional Convenience: An extensive online four wheeler insurance policy also allows you to experience benefits like coverage of, paperless-digital insurance applications and processing, online claims, spot services and more.