By Abely Idehgold
Car insurance to begin with is the insurance that is made mandatory by law. Driving around without proper car insurance has been made illegal in most of the countries around the world. Car insurance provides compensation of up to Rs 1 lakh in case of any damage to its car or bodily injury to a third party.
One needs to understand that this is just a single type of insurance popularly known as the third party insurance. This type of insurance not only protects you but it ensures protection against the occurrence of any accident to other people or any family member who may be riding or driving your car.
A comprehensive car insurance policy protects your car from any man made or natural calamities like terrorist attacks, theft, riots, earth quake, cyclone, hurricane etc in addition to third parties' claims and damages. There are many times when the buyer might feel a little confused about car insurance. There are certain guidelines that must be followed by buyers in case of car insurance while making the choice for their policy. Any kind of vehicle insurance acts as a friend during the time of crisis.
The main aim of auto or vehicle insurance is to cover the financial losses arising out of any accident. This enables you to save a huge sum from your pocket during any such situation.
Talking about car insurance one needs to understand that there are enumerable benefits which it has to offer. First and foremost this insurance policy provides benefits to survivors if the accident results in death.
It provides essential coverage against law suits, including the legal fees brought against you as a result of accidents. Such insurance policy also provides coverage for damage caused by other than an accident for example, theft, fire, etc.
Other than the benefits of coverage the car insurance also provides certain lucrative discounts for its customers. For instance, car insurance allows premium discount for theft or for owning more than one policy with the same insurer. There are also options for added advantages wherein you can extend the coverage to the others driving your car with your permission.
There are different types of car insurance coverage from which you can make your selection. There is comprehensive car insurance policy that protects against any loss or damage caused the vehicle and its accessories that are covered under the insurance policy. Third party car insurance policy occurs between two parties, the insurer and the insured. Under this policy the coverage is extended to a third party who is present in the car while the accident or with whom the accident took place like pedestrians, etc.
One needs to understand that this is just a single type of insurance popularly known as the third party insurance. This type of insurance not only protects you but it ensures protection against the occurrence of any accident to other people or any family member who may be riding or driving your car.
A comprehensive car insurance policy protects your car from any man made or natural calamities like terrorist attacks, theft, riots, earth quake, cyclone, hurricane etc in addition to third parties' claims and damages. There are many times when the buyer might feel a little confused about car insurance. There are certain guidelines that must be followed by buyers in case of car insurance while making the choice for their policy. Any kind of vehicle insurance acts as a friend during the time of crisis.
The main aim of auto or vehicle insurance is to cover the financial losses arising out of any accident. This enables you to save a huge sum from your pocket during any such situation.
Talking about car insurance one needs to understand that there are enumerable benefits which it has to offer. First and foremost this insurance policy provides benefits to survivors if the accident results in death.
It provides essential coverage against law suits, including the legal fees brought against you as a result of accidents. Such insurance policy also provides coverage for damage caused by other than an accident for example, theft, fire, etc.
Other than the benefits of coverage the car insurance also provides certain lucrative discounts for its customers. For instance, car insurance allows premium discount for theft or for owning more than one policy with the same insurer. There are also options for added advantages wherein you can extend the coverage to the others driving your car with your permission.
There are different types of car insurance coverage from which you can make your selection. There is comprehensive car insurance policy that protects against any loss or damage caused the vehicle and its accessories that are covered under the insurance policy. Third party car insurance policy occurs between two parties, the insurer and the insured. Under this policy the coverage is extended to a third party who is present in the car while the accident or with whom the accident took place like pedestrians, etc.
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