5 Top Reasons To Have Motor Insurance In Indiaby Rizwan Khan Professional Interior Designer
These days most households have both husband and wife working which brings in more disposable income and hence it is no longer a distant dream to purchase your own vehicle but owning a motor vehicle has its pros and cons. On one hand it provides us with the utmost ease, comfort and luxury to travel anywhere at any time without having to depend on public transport but on the other hand it comes with its own major and minor risks including road accidents which can cause damage to self, fellow passengers, other vehicles and their passengers, pedestrians and public property. In order to protect yourself from a severe financial blow, it is wise to make sure you have a reliable and comprehensive personal accident insurance cover to safeguard yourself, your family and finances.
1. Damage Control
You might consider yourself a very safe and defensive driver but sometimes your vehicle can get damaged even if it is not your fault, another car could have a collision with yours or you have to swerve your car to the sidewalk to stop from running into a pedestrian or a random cricket ball comes cracking in your windshield, in such cases the insurance will pay for the damages and repair of your car.
2. Liability Reduction
It is mandatory in India to have at least a Third Party Liability Car Insurance coverage (TPL). Under this policy, if you cause an accident which results in damage to health, life or property of a third party, your insurance will pay for the damages and save you from an unnecessary headache and legal hassles.
3. Hospital Bills
In case of a severe life-threatening accident which causes considerable harm to yourself or your fellow passenger, the insurance company will pay for hospitalization and medical bills.
4. Online Packages
It is always cheaper and better to buy car insurance online these days instead of an agent or through the car dealer. The insurance companies always offer more competitive packages online as they don’t have to deal with overhead costs like paying commission to an insurance agent so the money saved there means cheaper policies online.
5. Compensation To Family In case Of Death
No one wants to think about such unfortunate circumstances but it is better to be prepared for any calamity and that includes the death of the policy owner who could be the sole breadwinner of the family. In such events, the motor insurance policy can help to pay the family’s expenses.
Created on Aug 28th 2018 07:06. Viewed 740 times.