Third Party insurance is mandatory under the Motor Vehicle Act, regardless of whether you buy a new or used car. In addition, you can purchase comprehensive coverage.
The former type of insurance covers your financial and legal obligations towards a third party. A comprehensive insurance policy, however, protects your car from damage from accidents, fires, thefts, cyclones, floods, etc. This is in addition to the third party liability cover. Here are five major reasons to purchase car insurance.
1. Insured Vehicle Damage or Loss
If your vehicle is damaged in an accident, by fire, or by self-ignition, you are covered. Further, your insurance policy covers losses caused by burglary or theft as well as strikes, riots, and terrorism. Another benefit of car Auto insurance Kennewick is that it covers loss or damage while the vehicle is in transit by rail, inland waterways, air, road, or lift.
2. Coverage for Personal Accidents
In addition to providing coverage for personal accidents, car insurance also offers a predetermined amount of coverage. The Personal Accident plan provides coverage for disability and death resulting from an accident. This cover can also be purchased for other passengers on an unnamed basis (maximum as per the vehicle’s seating capacity) for a predetermined amount under the car insurance policy.
3. Numerous Garages
HDFC ERGO Car Insurance maintains an extensive network of garages across the country. In the event that cashless services are required, you can access them at any of these locations. In the event of damage to your vehicle, this function allows you to access repair services conveniently.
4. Liabilities of Third Parties
When your car is involved in an accident that damages or destroys the property of a third party, your car insurance covers the damage or destruction. Moreover, your car insurance protects you in case you end up facing legal liabilities in the event that someone is injured or dies as a result of your negligence.
5. No Claim Bonus
An important benefit of car insurance is the no claim bonus (NCB). A customer receives this benefit for each year they remain claim-free. There is a possibility of getting a discount on the premium, which makes car insurance even more affordable.
The following two factors are important to consider when selecting a car insurance company.
1. A Fast and Hassle-free Process
When you decide to purchase a car insurance policy, it is vital that the process is as simple as possible. The entire process needs to be quick, simple, and convenient. Also, it is recommended to choose an insurer that offers the convenience of online policy purchase.
2. Customer Support
All your questions will be answered by trained and experienced personnel employed by a reputable insurance company. A lot of insurance companies also offer live chats to ensure your issues are resolved as soon as possible.
The peace of mind that comes with car insurance is priceless. We assure you that if your vehicle is lost or damaged, or if a third party is harmed, you will have no financial problems.
