Why do you need to buy Car insurance in India?
Why do you need to buy Car insurance in India?
The answer is quite simple that car insurance has been made compulsory by law in India. Riding without a valid car insurance is illegal in our country. In case of bodily injury to a third party or death or any damage to their vehicle or property, the insurance policy of insured’s car will provide the compensation. This kind of vehicle insurance is called the third party insurance. It not only protects you but also the other people that might be driving your personal car.
A comprehensive car insurance protects the car from natural calamities or man made calamities such as .riots, cyclone, and theft, terrorist attacks, earthquake, and hurricane, etc, in addition to offering protection against the third party damages or claims.
There are few guidelines that must be followed by the buyers of Car insurance in India when choosing a car insurance policy. Car insurance acts like a good friend during the crisis by covering the losses suffered due to accident and thus saving you from paying big sum of money from the your own pocket.
Here are a few benefits that will let you know why buying car insurance is beneficial for you.. This insurance will help in below-listed manner.
• By covering the damages caused by others such s accident fire, and theft, etc.
• By covering lawsuits including legal fees, brought up against you as a result of an accident.
• By covering the vehicle repairing cost following an accident.
• By providing support to the dependent survivors of the accident that resulted in the death of the insured.
These are the benefits of getting car insurance.