You may be an experienced car driver and still have to face a lot of hiccups on the road. It is possible for a small accident to occur which results in repair expenses of your car and also the liability if during the process of accident there is damage to third party life or property. The only way to mitigate them is through compensation from your car insurance policy. There are many ways in which it protects you and your family from the unexpected on the road.
What Is Third Party Cover And How Does It Protect You?
Third party cover is mandatory as per the traffic norms of India. If your car happens to hit another vehicle and cause damage to it, its driver or to a third party property, the resulting expenses will have to be borne by the car owner. Third party car insurance cover reduces such losses. If a third party were to sue you for damages, the resulting expenses can be heavy to bear but with compensation from the policy they can be reduced considerably. In addition to this cover, car insurance protects you in so many ways such as:
A car insurance policy is not expensive but offers protection is so many ways. The basic policy is enough if you are looking for a low-cost coverage. However, if you opt for add-ons you will get more benefits. They will pay for expenses such as roadside repair, lost key, emergency fuel, depreciation cover, invoice price cover, medical expenses and much more. These add-ons are very helpful in bringing down sundry expenses that you are likely to incur in the event of repair or accident.
Important Points To Note About Car Insurance
The best car insurance in India is one that offers various types of protection. Only then can you meet unexpected expenses that are likely to arise in the event of a collision, accident or injury. It should offer cashless coverage because this will help you get the car serviced in any of the garages that falls under the insurance network but without paying any cash.
If you decide to sell the car, insurance can be easily transferred to the new owner. In case you are buying another car, you can transfer existing insurance to the new vehicle. Policy coverage is applicable only for one year and you must do the renewal before due date to not have it inspected. In case you have not made any claim against the policy, you can use the no claim bonus to get a reduction on the premium.
What Is Third Party Cover And How Does It Protect You?
Third party cover is mandatory as per the traffic norms of India. If your car happens to hit another vehicle and cause damage to it, its driver or to a third party property, the resulting expenses will have to be borne by the car owner. Third party car insurance cover reduces such losses. If a third party were to sue you for damages, the resulting expenses can be heavy to bear but with compensation from the policy they can be reduced considerably. In addition to this cover, car insurance protects you in so many ways such as:
- It pays for damages that occurs to the car due to accident
- In case of damage caused by man-made or natural disasters it will pay out
- In the event of theft the policy pays out for losses
- In case of personal accident which results in loss of life or permanent disability the policy pays a lump sum
A car insurance policy is not expensive but offers protection is so many ways. The basic policy is enough if you are looking for a low-cost coverage. However, if you opt for add-ons you will get more benefits. They will pay for expenses such as roadside repair, lost key, emergency fuel, depreciation cover, invoice price cover, medical expenses and much more. These add-ons are very helpful in bringing down sundry expenses that you are likely to incur in the event of repair or accident.
Important Points To Note About Car Insurance
The best car insurance in India is one that offers various types of protection. Only then can you meet unexpected expenses that are likely to arise in the event of a collision, accident or injury. It should offer cashless coverage because this will help you get the car serviced in any of the garages that falls under the insurance network but without paying any cash.
If you decide to sell the car, insurance can be easily transferred to the new owner. In case you are buying another car, you can transfer existing insurance to the new vehicle. Policy coverage is applicable only for one year and you must do the renewal before due date to not have it inspected. In case you have not made any claim against the policy, you can use the no claim bonus to get a reduction on the premium.
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