Car Insurance
Car insurance, also known as vehicle insurance or motor insurance, provides financial protection to you & your four-wheeler against any loss or damages resulting from accidents, theft, fire, calamities and third-party person or property. Major types of motor insurance covers include Third-Party car insurance, Standalone Own-Damage (OD) car insurance, and Comprehensive car insurance.
The insured can also buy a Personal Accident Cover to cover under both third-party liabilities cover and own-damage cover. Ensure that you are the registered owner of the car and hold a valid driving license to avail the coverage of Rs. 15 lakh.
Benefits of car Insurance
Buying car insurance online is a common practice today. By purchasing a 4-wheeler insurance policy online, you can insure your car against any damage due to an accident, theft, fire etc. within 2 minutes. Offering quick comparisons and safe payment modes, online buy has a clear win over offline mode because of the following reasons
Payment for Damage: Let’s face it; even if you have two cars, you already know that it can be expensive investing just in one. So, should anything go wrong with your car, you will have to shell out a lot of money to get it repaired. Many times, it can so happen that your car gets damaged because of someone else’s careless or negligence. With car insurance that’s best suited to your needs, you never have to worry about paying for repairs as the policy will cover the cost. This is a huge relief for car owners.
