Car Insurance Tips: Buying a car is like a dream for many of us. If this dream is fulfilled then our happiness knows no bounds. Especially if we have saved every rupee for a long time to buy a car, then the happiness is different. Here […]
Car Insurance Tips: For many of us, buying a car is like a dream. If this dream is fulfilled, then our happiness knows no bounds. Especially if we have saved every single rupee for a long time to buy a car, then the happiness of it is different. Even the responsibility of taking care of it is different. We take care of the car like a new member in the house, even if it is parked outside the house, but we also take special care that there is no scratch on it.
Even after taking so much care of our car, why do we become careless while getting it insured? Why do we adopt any insurance? Have you never wondered which insurance is right for your vehicle? Or have you never known how many types of car insurance are there? If you have bought a new car or are thinking of getting car insurance, then let us tell you how many types of car insurance (Types of Car Insurance Policy) are there, when and how they can be useful?
Third Party Insurance Policy
According to the Motor Vehicles Act 1988, it is necessary to get insurance for every vehicle. There are many types of insurance for vehicles, one of which is the third party insurance policy. Under this, protection is provided for the liability arising from an accident involving a third party i.e. a third party person or property. This insurance is necessary to drive a car, without it the driver can be fined heavily and also jailed.
Comprehensive Insurance Policy
You can get comprehensive insurance for the car. By getting this, the insured vehicle can get the benefit of many types of benefits like fire, theft, explosion, natural disasters. Under this, all the cover can be obtained through just one premium. Comprehensive insurance provides coverage of the insured vehicle against the liability cover of third party insurance.
Own Damage Insurance Policy
If you want to get third party insurance for your vehicle, so that the damage caused to the other person during an accident can be paid through insurance, then you can also choose another insurance for your vehicle protection along with it. Actually, with the help of own damage insurance, you can also get cover for the damage caused to your vehicle.
Motor Insurance Add-On Covers
No matter what kind of insurance you choose, you can also opt for add-on coverage. Through this, you will be able to get the benefit of more coverage by paying more premium on your vehicle insurance. Usually, add-on coverage includes zero-depreciation cover, return to invoice, engine protection cover, consumable cover and roadside assistance cover etc.
