November 19, 2022 139 people Latest news

As per Motor Vehicle Act, a Third Party insurance is compulsory and you must purchase one whether you buy a new or a used vehicle. You may purchase a comprehensive cover as well. The former type of insurance protects you against financial and legal liabilities towards a third party. On the other hand, A comprehensive insurance policy provides cover to your vehicle against damage due to accidents, fire, theft, cyclone, flood etc. Along with this cover, it covers any third-party liability. In case your vehicle is damaged due to an accident, fire, or self-ignition, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes, riots, or terrorism, your insurance policy covers these. Another advantage of car insurance is that it offers personal accident cover for a pre-determined amount. Personal Accident cover provides protection against permanent total disability, Death due to an accident. Furthermore, this cover can be taken for other passengers on an unnamed basis (maximum as per the vehicle’s seating capacity) for a pre-determined amount under the car insurance policy.


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Tags: #Best Car Insurance in Uttam Nagar#Best Car Insurance in Tilak Nagar#Best Car Insurance in Vikaspuri#Best Car Insurance in Janakpuri

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