Car insurance: Hello guys, welcome to my website. If you are one of those who really want to know about car insurance but they don’t know what it is and how it works then you are at the right place here. We will discuss car insurance in detail so you can easily understand it so let’s begin to grab the knowledge.
What is Car Insurance?
Many people also know car insurance as motor insurance or vehicle insurance. It covers your car financially. It simply means that insurance helps you to take financial protection from uneven events like accidents, fire , thief etc. there are many types of car insurance. Soon we will talk about them. Firstly let’s talk about why insurance is important.
Importance of car insurance:
- Car insurance is legally compulsory in India.
- Car insurance provides you financial production from uneven events.
- It helps you to cover third party compensation.
- If you have car insurance then you have to pay very less for your car damages and it also covers third party damage.
- Car insurance also helps you to prevent your vehicle from thieves and natural disasters.
Types of Car Insurance
There are several types of car insurance. Now let’s talk about them and get detailed information. after that you can easily choose which one is suitable for you –
Third Party Insurance
This insurance is compulsory in India. This third party insurance covers that damage which is faced by another car because of your car. It compensates that damage and helps you to get rid of it. One more thing which is very important to know is that third party Insurance doesn’t cover your car damage. It simply means if you will face car damage in third party insurance so this means insurance can only be available for third party damage (another car) not your car damage.
Comprehensive Insurance
It is also one of the most popular insurance covers third party damage and also your car damage. This insurance is valid in case of accident, car thief , fire and natural events which damages your car or third Party car. This provides you comprehensive protection which is helpful for you. Now let’s move to the next.
Own damage insurance
As by his name you can easily understand that this insurance only covers your car damage not third party damage but you can take it combination with third party damage as per your wish. This insurance is very useful for a new card if you are planning for a new car then this will be a better option for you. Now let’s move to the last one.
Package Policy
This is also very popular for their advantages. This package Policy gives you full protection. It means it covers third party insurance, own car damage and also add on coverages. It means it is the only package which is all in one.
Things which consider during taking car insurance:
- First you need to choose the right insurance for your car which will help you to get an advantage in future.
- Compare companies’ premium amount then choose the right amount to get insurance according to your financial condition.
- While taking car insurance carefully read terms and policy which helps you to understand in which condition the company will provide you insurance.
- When you decide on a company to get car insurance, surely check the review or rating of that company.
Conclusion
In this article we discussed car insurance and we also got detailed knowledge about how it works and and how many types of vehicle insurance? If you like the article which I provide you then surely share your experience with us and tell me in the comment section which article you want next. For more updates stay with us and visit our website to get more interesting information about insurance. Thank you!
FAQs: Car Insurance
Q.1 What is insurance ?
Insurance halos us to prevent our thing from several damages.
Q.2 Why is car insurance important?
Car insurance helps you to get rid of many types of tension which you can face after buying a car. It halos you to prevent you from your car damages and also helps you to prevent from third party car damage.
Q.3 This car insurance compulsory in India ?
Third party car insurance is compulsory.
Q.4 Is car insurance safe
Yes, car insurance is safe for you and your car.
