While taking insurance for car, you have to focus on your needs. Generally, two types of car insurance are available in the country. Third Party Insurance and Comprehensive Insurance.
After purchasing a new car, it is very important to get its insurance. According to Indian Motor Vehicle Rules, it is mandatory for every driver to purchase third party insurance. In such a situation, not everyone has the correct information about which insurance should be taken. The vehicle dealer will provide many options, but you have to select the right insurance yourself.
Choose the right insurance for your car
While taking insurance for car, you have to focus on your needs. Generally, two types of car insurance are available in the country. Third Party Insurance and Comprehensive Insurance. While third party insurance is mandatory under motor rules, comprehensive insurance is meant to compensate for the damage caused to the third party and yourself. In such a situation, you will have to choose one of these two according to your needs.
Search for the right insurance
While getting the right insurance for your car, you have to do a thorough search. You can also compare different insurance policies. This will help you a lot. After searching, you can select any of the results that appear in front of you.
Be sure to search for addons
Addons facility is available in many insurance policies. This gives you additional coverage. But for this a separate premium has to be paid. Let us tell you that the facility of add-ons is available only in comprehensive insurance.
Check Claim Settlement Ratio
Before taking car insurance, definitely check the claim settlement ratio. Get correct information about this from the insurance company. By doing this there will be no misunderstanding between the two in future. You will also get to know what is the claim settlement ratio of the company and how it works.
Read the terms and conditions carefully
Finally, before purchasing any car insurance policy, read and understand its terms and conditions carefully. The insurance policy should be in clear words and in good print. If you have any doubt about the policy, talk to the company immediately.
