Do you own a car? If yes, have you bought a car insurance policy for your vehicle? Third Party Liability Insurance is compulsory in India. A car insurance plan, also known as motor insurance policy, is availed to safeguard your car from unexpected risks.
Want to know more on Car Insurance? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products
The car insurance policy covers losses due to theft, damage to the car in an accident/collision or non-collision physical damage suffered in a storm or breaking of the windshield. Car insurance policies are of several types and the premium depends on classification of the vehicle market value of the car, the category of coverage and so on. Even though you have a car insurance policy, you may not be able to make a claim due to the following reasons:
See Also: Zero Depreciation Car Insurance
See Also: Why You Need A Comprehensive Car Insurance Coverage?
Car users must read and understand the terms and conditions to ensure a hassle-free claim. While buying a car insurance policy, opt for a third-party liability cover which is mandatory according to the Indian Motor Vehicles Act and the Indian Road Safety Act. Shop around for an all-inclusive cover called a comprehensive car insurance plan, which also covers own damage. Check your risk profile and select a car insurance policy accordingly.
You May Also Watch
Iframe Content
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.