Benefits of owning suitable car coverage

Car insurance is mandatory in every state of India. It can help you compensate the loss of huge sum amount during accidents, natural disasters or man-made calamities. Driving a car without valid car insurance is illegal in India. In case of death or bodily injury to a third party or any damage to its car, the car cover policy provides you with necessary compensation. Such type of vehicle insurance is known as third party cover and protects you from any financial losses.

While third party cover takes care only of the third person health, life or property damage repairs, a comprehensive car cover protect your car from any man made or natural calamities like terrorist attacks, theft, riots, earth quake, cyclone, hurricane etc. in addition to third party’s claims/damages.

At times, car coverage could be confusing and difficult to understand. There are certain guidelines that could be followed by car cover buyers which help them choose car policy at cheaper rates and best features. Car cover acts like a great friend at the time of crisis. It covers the losses made in an accident and thus saves you from paying out the huge sum from you.

Some benefits of car insurance cover:

•Offers benefit to survivors when an accident results in death

•Covers lawsuits, including legal fees brought against you as the result of an accident. Covers the bills of vehicle repairs due to damage cause in an accident.

•Covers damage to your car caused by other than an accident such as fire, theft, flood, etc.

•Car insurance policies allow premium discounts for theft or for owning more than one policy with the same insurer.

•No claim bonus is offered on renewals provided you fulfill certain terms and conditions. You can accumulate and claim a bonus of around 50 to 60 % within a span of 4 -5 years.

While getting a car insurance ‘one-size-fits-all’ insurance policy doesn’t exist. Different people have different set of needs for their cars. Internet is one medium which can help you compare car insurances under a single umbrella. It will help you not only choose the right car cover but will save time and most likely, unnecessary waste of money. It is good that you compare policies in terms of benefits & features, discounts & deals, flexible payment options and hassle free claim procedures.

One thing to learn while quoting for car policy would be when it comes to deductible on your insurance, you should know how much you will be able to afford. The higher the deductible, the lower your insurance cost will be. Please understand that you pay this amount if you do get into an accident, so if you don’t have an emergency fund, a high deductible, will not make you financially sound in that crisis situation.

Also, understand that your car insurance will cover only those things permanently attached to your vehicle, like your car stereo, damage to seat covers, windows panes, dashboard etc. So, if you keep your CD collection, laptop, sports equipment, or cell phone in your car, you might want to consider the extra protection of a property insurance policy. Take note of what coverage is included in the premium so that you can compare quotes more accurately.

Things to know while buying vehicle insurance…

When a person buys vehicle, he or she wants it to be safe. Even a small dent or scratch will make your mind reluctant and mind sad. Imagine what happens when you accidently bump into another vehicle, person or property? Else your vehicle gets destroyed due to some natural calamities like fire, earthquake, storm, etc. or man-made incidences like getting stolen? For a moment there will be tremors running in your mind. Not only will you have to pay hefty fees from your pockets but also get an emotional setback. To avoid such crisis situation vehicle insurance offers the necessary financial support to an individual when your car meets into any of the situation discussed above. Vehicle insurance is important for overall security of your life as well as your vehicle. 

Motor insurance comes with a certain premium to be paid to the company. Company will then cover you financially depending upon the terms and condition and insured declared value of your vehicle. Often it’s difficult to pay higher installment from your pockets. Therefore, the best way to find some beneficial deals would be getting a free insurance quote online. By spending a little time comparing quotes online you can shop for the best deals at affordable prices. It is advisable when you visit online websites compare quotes in terms of benefits & features, discounts offered, hassle free payment options, good claim settlement ratio, better renewal offers, etc.

You can quickly make the comparison between varied vehicle insurance policies on internet. There are several online sites which have the additional features of comparison that lets you get different customized policies under single umbrella.

Before opting for insurance policy purchase, its better you know all your demands and considerations. You need to have a thorough knowledge about different available quotes, check if the policy is affordable by you or not because to avail the benefits you should a pay certain premium. But make sure it doesn’t cause a burden on your family budget.

Internet helps you get vehicle insurance quotes at the leisure of sitting at your home or place of work. You can easily access different quotes available on the internet. The rates of all the policies are quite clear and transparent. Thus, it helps you save money, time and energy in visiting place for collecting brochure, forms, filling them up, getting documents attested and finally submission. 

The same follows at the time of renewal and claims. The best part is you don’t have to get an appointment on internet. You can access it 24 X 7 anytime and anywhere from the place of your choice. You don’t need to create an account for reading insurance quotes; they are available for free nowadays.

The company reputation in the insurance markets, their claim settlement ratio, customer service approach is very important to consider before purchasing vehicle insurance. The company should be genuine, economically strengthen , must have free insurance quotes available on net.

In simpler terms, an affordable vehicle insurance policy should encompass all your car needs is what one should aim for. Therefore, it is necessary to compare car insurance prices in such a manner that it will strike a balance between cost, coverage and exclusions. Besides, comparison it’s the reputation of the company and its claim settlement track record that must be considered while comparing car insurance quotes.