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5 Benefits of Car Insurance

As per Motor Vehicle Act, a Third Party insurance is compulsory plus you have to buy one whether you purchase a brand new or maybe a second hand car. You might purchase an extensive coverage too.

The former insurance type protects you against legal and financial liabilities towards a third party. On another hand, An extensive insurance policy provides coverage for your vehicle against damage because of accident, cyclone, theft, fire, flood etc. Along with this particular cover, it handles any kind of third party liability. Here are 5 main car insurance benefits.

  1. Damage or even damage to insured vehicle

In case your car is damaged due to self ignition, fire, or an accident, you’re protected. Moreover, if the car suffers losses because of theft or burglary, or terrorism, riots, strikes, your insurance policy covers these. An additional advantage of car insurance is it covers injury or loss while in transit by rail, road, air, inland waterways, and lift.

  1. Personal accident cover

Another advantage of car insurance is it provides people accident cover for a pre determined amount. Personal Accident cover offers protection against permanent total disability, Death as a result of a crash. Moreover, this particular cover may be considered for various other passengers on unnamed basis (maximum as per the vehicle’s seating capacity) for a pre determined level under the car insurance policy.

  1. Large community of garages

Plenty of car insurance companies have a huge community of garages across the nation. This guarantees you get cashless services in each one of these areas, in case the necessity arises. This feature makes it handy to avail of repair providers in case of any harm to the car of yours.

  1. Third party liabilities

When your car is associated with a crash which leads to damage or harm on the home of any third parties, it’s included under the car insurance. Moreover, in case you confront in any authorized liabilities providing of any physical injury or maybe death associated with a 3rd party, your car insurance protects you against the same.

  1. No claim bonus

Among the main benefits of getting car insurance is the no claim bonus (NCB). Customer is qualified for this particular profit for each claim free year. This might be for sale as a lower price on the premium, and that tends to make car insurance more affordable.

Here are two factors you have to consider while choosing an car insurance amongst different insurers.

  1. Quick and hassle free process

When you decide to buy an car insurance policy, it’s necessary that you don’t need to undergo a cumbersome and long procedure. The overall process has to be convenient, quick, and simple. Moreover, choosing an insurer which provides the extra convenience of buying the policy online is advised.

  1. Customer support

A dependable and reputed insurance company hires properly trained and skilled personnel to help solve all the queries of yours. Insurance companies also provide live chats to make sure your issues are solved with no delays.

Having an car insurance policy gives you full peace of mind. You’re assured that you are going to face absolutely no financial issues in case of any injury or loss to the vehicle of yours or even to third parties.