Why you need car insurance
Car insurance is extremely important and mandatory
too! However, current reports show that a vast populace is not insured.
Moreover, if you ask individuals, many will tell you they wish they didn’t have
to pay for motor insurance.
Well, this article will highlight the importance of such policies to reinforce
their need if you drive your vehicle on Indian roads.
Without car insurance:
Driving your car on Indian roads without a valid motor insurance policy could result in numerous fines and even jail time. This is because, because of the Motor Vehicles Act, car insurance is mandatory. Driving your car without a valid policy could invite a penalty of Rs. 4,000 and jail time of up to 6 months.
Liability:
Besides for the fines, car insurance covers your liability towards others in case they suffer injuries or their property is damaged due to an accident that you are involved in. Without a motor insurance policy, you’d have to cover these costs out of your own pocket. However, if you have a valid plan at the time of the accident, the insurance company will cover the expenses of the aggrieved third party/parties.
Repair costs:
In an accident, your car could suffer extensive damages. Of course, one of your most important priorities have seeing to injuries would be to repair your car. However, in today’s scenario, car parts are expensive and quality labour is even more expensive. This could leave your finances with a huge dent! Thankfully, with a good insurance policy by your side, you will not feel the pinch at all. The insurance company will pay the bill for you. This means your car will be returned to its original condition and the least possible cost to you!
In case of total loss:
There is always a chance your car is stolen or declared a total loss due an accident. In such a case, replacing your car will be a huge financial task. However, this is something you won’t have to worry about much in case you are equipped with a good car insurance policy. Most motor insurance policies will offer substantial compensation; some will even offer the current on-road price of your car in case of total loss.
Natural calamities:
Damages can also occur due to natural calamities. Recent instance of flooding in cities like Mumbai and Chennai come to mind where thousands of vehicle were damaged, beyond repair in some cases. In such instance, a car insurance policy could come to your rescue to provide for repair costs or offer compensation in case of total loss. This is because car insurance covers natural calamities as well.
So, as you can see, car insurance provides you comprehensive cover. It’s like a safety net that protects you from falling into substantial financial woes. The best part is that, car insurance isn’t that expensive either – you can get a good plan at quite affordable rates theses. You can also buy car insurance online get a plan at extra-affordable rates!
Without car insurance:
Driving your car on Indian roads without a valid motor insurance policy could result in numerous fines and even jail time. This is because, because of the Motor Vehicles Act, car insurance is mandatory. Driving your car without a valid policy could invite a penalty of Rs. 4,000 and jail time of up to 6 months.
Liability:
Besides for the fines, car insurance covers your liability towards others in case they suffer injuries or their property is damaged due to an accident that you are involved in. Without a motor insurance policy, you’d have to cover these costs out of your own pocket. However, if you have a valid plan at the time of the accident, the insurance company will cover the expenses of the aggrieved third party/parties.
Repair costs:
In an accident, your car could suffer extensive damages. Of course, one of your most important priorities have seeing to injuries would be to repair your car. However, in today’s scenario, car parts are expensive and quality labour is even more expensive. This could leave your finances with a huge dent! Thankfully, with a good insurance policy by your side, you will not feel the pinch at all. The insurance company will pay the bill for you. This means your car will be returned to its original condition and the least possible cost to you!
In case of total loss:
There is always a chance your car is stolen or declared a total loss due an accident. In such a case, replacing your car will be a huge financial task. However, this is something you won’t have to worry about much in case you are equipped with a good car insurance policy. Most motor insurance policies will offer substantial compensation; some will even offer the current on-road price of your car in case of total loss.
Natural calamities:
Damages can also occur due to natural calamities. Recent instance of flooding in cities like Mumbai and Chennai come to mind where thousands of vehicle were damaged, beyond repair in some cases. In such instance, a car insurance policy could come to your rescue to provide for repair costs or offer compensation in case of total loss. This is because car insurance covers natural calamities as well.
So, as you can see, car insurance provides you comprehensive cover. It’s like a safety net that protects you from falling into substantial financial woes. The best part is that, car insurance isn’t that expensive either – you can get a good plan at quite affordable rates theses. You can also buy car insurance online get a plan at extra-affordable rates!
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