Articles

Why Is It Necessary to Purchase Comprehensive Car Insurance Policy?

by anshi roy financer

As per motor vehicle act 1988, if you own a car you must opt for car insurance policy. Apart from legal obligation, if you think about the safety of your car, it is necessary to have a car insurance policy. There are two types of car insurance policies – third party car insurance and comprehensive car insurance plan. Third party policy only offers coverage for the third party damages/losses and death of the third party. On the other hand, a comprehensive car insurance policy provides complete protection for your car. Thus, it is suggested to obtain a comprehensive car insurance policy. 

Advantages of Having a Comprehensive Car Insurance Plan

A host of benefits are included with a comprehensive car insurance plan. Hence, it is easier for you to make a decision when you are in dilemma that whether you should go for third party car insurance or comprehensive. Owning a comprehensive car insurance plan means a absolute protection to your car. Like,

Covers various instances

Comprehensive car insurance policy provides protection for the damages caused to your car right from dents caused by another car to any kind of natural or man made calamities. Other than damages, this insurance policy provides coverage for the damages and injuries caused to a third-party. Following instances are covered by comprehensive insurance coverage - Road Accidents, Fire, Vandalism, Damages caused by animals or wildlife, Natural Disasters, Civil Disturbances, Theft and so on.

Gives you the sense of security

As comprehensive insurance plan offers coverage for both insured vehicle and third party liability, so it gives you a sense of security. This plan saves you a lot in many difficult situations and also ensures you peace of mind.

Cost-effective compared to third party

Comprehensive car insurance coverage is more economical and cost-effective than a third party insurance plan. It offers right coverage in a minimal insurance premium. 

 

 


Sponsor Ads


About anshi roy Junior   financer

3 connections, 0 recommendations, 11 honor points.
Joined APSense since, November 23rd, 2018, From Kolkata, India.

Created on Dec 31st 2018 02:46. Viewed 598 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.