Why Must You Have Car Insurance?
Life is unpredictable; some terrible occurrences may take you by surprise and cause you needless stress. Adequate car insurance protects your vehicle from financial risk and protects you from unwelcome financial responsibility. In the event of an accident, you risk paying a significant sum for vehicle damages, injuries, and legal repercussions if you don’t have a sufficient car insurance policy. This is why car insurance is crucial.
Is Car Insurance Mandatory?
The Motor Vehicles Act, 1988 mandates third-party car insurance in India. In addition, insurance might provide financial stability in the event of an accident.
Types Of Car Insurance
- Third-Party Car Insurance
This car policy offers you financial security if an accident damages another vehicle or injures a third party. This kind of car insurance does not protect against harm or injury to you or your car. Third-party car insurance, however, has comparatively modest premiums and may be less expensive than other options. ##
This policy assures that you at least have coverage against third-party liability when you don’t want to purchase a comprehensive plan. Unexpected occurrences cannot be anticipated in advance. Therefore, third-party car insurance gives you peace of mind in the event of an accident because you won’t have to worry about the costs that could otherwise drain your finances. The ideal option is to check how much insurance you would need to pay using a Bajaj Allianz car insurance premium calculator. Claims are subject to terms and conditions set forth under the motor insurance policy. ##
- Standalone Own-Damage Car Insurance
Standalone insurance protects you from losses or damages to your car resulting from crashes, fires, theft, natural catastrophes, etc. Therefore, if you already have third-party insurance but need to insure your vehicle, you can do so by purchasing standalone own damage insurance. This insurance might offer you a personal accident policy for injuries sustained by the owner or driver in an accident. Claims are subject to terms and conditions set forth under the motor insurance policy. *
- Comprehensive Car Insurance
Comprehensive insurance is the third category of car insurance. As the name implies, this insurance provides total coverage for you and your car against various losses. Along with coverage for injuries to the owner or driver or damage to the covered vehicle, it offers protection in the event of third-party liability. Additionally, comprehensive coverage car insurance shields your vehicle from various damages brought on by riots, vandalism, natural disasters, theft, etc. It is stress-free to operate, and you can manage it using an app for car insurance. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Advantages of car insurance:
- Defence Against Harm and Accidents: Car insurance protects against injuries to third parties and provides coverage for theft, natural disasters, and vehicle damage. Claims are subject to terms and conditions set forth under the motor insurance policy. *
- Stress-Free Legal Support: It helps handle legal disputes arising from accidents, saving you from unexpected legal costs. You also can check all aspects of your insurance policy using a car insurance check app.
- Additional Coverage Options: You can enhance your policy with add-ons like 24/7 spot assistance and engine protector coverage, ensuring maximum reimbursement and minimal losses. *
- Cashless Network Garages: Insurance companies offer access to a vast network of cashless garages for convenient repairs.
Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.
*Standard T&C Apply
##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
