New Car Insurance: Before your favorite vehicle hits the road, you will also need to buy a third party motor insurance policy. It is a basic insurance cover that protects the policyholder against damages caused to third party property.
New Car Insurance: Having a car at home makes many things easier for you. Owning a car is associated with a feeling of endless possibilities and freedom. But keeping a car at home is not everything, rather there are many such things which you need to take care of further.
third party cover
Before your favorite vehicle hits the road, you will also need to buy a Third Party Motor Insurance Policy. It is a basic insurance cover that protects the policyholder against damage caused by third party property. Also, driving without a legal insurance policy can lead to heavy fines as it is mandatory to have 3 years third party cover for new cars and 5 years third party cover for 2-wheelers.
Buy Comprehensive Motor Insurance
While third party insurance is mandatory, it is still advisable to buy a comprehensive motor insurance product to ensure complete protection of your vehicle as it covers damages caused to one’s own property due to natural calamities like floods, cyclones and earthquakes. does.
do research
Your car dealer may offer you insurance options at the time of purchase, but don’t always look at what the dealer is offering and visit insurers’ websites to compare premium costs and choose a plan that suits you best Are.
Check IDV
Another important thing that you should look at carefully is the insured declared value of the vehicle which is the amount that your insurer will pay in case your car is stolen. Some useful add-ons include zero depreciation cover, return to invoice cover, consumables cover, roadside assistance, engine/tyre protect cover, etc.
