Road accidents, theft, and vehicle damage while driving are all unpredictable events. Such occurrences can be distressing for anyone because they might be costly. If you had automobile insurance, controlling such circumstances would be simpler. For more information on car insurance in India, keep reading.
Driving has become a perilous activity as a result of bad road conditions, accidents on the road, lack of driving discipline, and traffic offenses. As a result, India now requires that all vehicles have insurance. Driving is not permitted without third-party auto insurance.
There are two varieties of automobile insurance:
- Third-party Insurance
- Comprehensive motor insurance.
Third-Party Insurance: What is it?
Third-party insurance offers coverage for third-party vehicle damage as well as financial support if a third-party driver is hurt or killed in a tragic accident. In the event of a third-party driver’s death, physical harm, or disability, the insurance provider will assist you financially. Third-party insurance is required by the Motor Vehicles Act of India and ought to be a top priority whether you drive a car or a motorcycle. It is against the law to ride a bike or operate a vehicle without proper insurance documentation. Have you ever had a car yet lacked insurance? You ought to acquire one today.
What is Comprehensive Motor Insurance?
Own Damage Coverage and Third-Party Liability are included in comprehensive motor insurance. Comprehensive coverage becomes a good option for you, especially if you’re seeking comprehensive car insurance, as opposed to third-party insurance, which excludes expenditures related to the loss of your vehicle.
Add-on insurance coverage for vehicles
1) No depreciation: The insurance provider deducts the value of depreciation from your claim payment as your car matures. This rider option, on the other hand, pays you the full amount of the claim while maintaining the market value of your car.
2) Roadside assistance: Your car may break down while you’re driving. The insurance provider provides roadside assistance in this situation, including towing, fueling, key replacement, etc. The insurer’s garage network is where you can get the car or bike fixed or have parts replaced.
3) Engine protection: If the engine of your car is damaged, this add-on policy will pay for the necessary engine repair work.
4) Personal accident rider: Fatal accidents can kill you or render you permanently crippled. The personal accident rider option will come in handy in these circumstances because it promises to provide for your family’s future while you are away.
5) Personal property loss: There may be times when you misplace your possessions or have your valuables stolen. The insurance provider will cover the same if you choose this rider.
Final Words
Be sure to have these points in mind when you purchase auto insurance. If you’re looking for a company with a high claim settlement rate, you could think about purchasing your auto insurance from us. We are one of the top businesses providing safety for your vehicle against all hazards.
