Car Insurance: Here’s What You Should Know

Car Insurance: Here’s What You Should Know. If you are the owner of a car, then a Car Insurance policy is a must to protect your vehicle from damage, theft and mishaps. Read on to know how a Car Insurance policy helps.





In simple terms, any damage to property, injury or death caused to any third party is covered under this. A comprehensive auto insurance safeguards your vehicle against most eventualities, including natural calamities, breakdowns, and can also protect components typically not covered by a standard insurance.


In this article, we discuss the need for a car insurance, and what should be considered before buying car insurance.

What All A Comprehensive Car Insurance Covers

Besides the third party insurance, a comprehensive policy can cover the following.
  1. Protection from natural calamities: This covers things that are not in your control, natural disasters like earthquakes, floods, hurricanes, lightning, storms, cyclones, landslides and tsunamis.
  2. Personal Accident Cover: This protects the insured in case of injury or death due to mishaps.It will secure your family’s future in case you suffer permanent or temporary disability or death in the eventuality of an accident.
  3. Robbery or terrorist attacks: A comprehensive policy comes to your help when there is a terrorist attack, robbery or damages due to an accident.
  4. Breakdown Assistance: The policy also comes to your aid when you have a breakdown in terms of flat tyre or fuel shortage. The on-road repair cover assists you with an access to the mechanic, towing of the vehicle and accidental repairs or replacements of tyre and tubes.
  5. Lost Key/Lockout Assistance: This will assist you in case there is a loss of, or damages to, or the replacement of, the car’s keys, locks or alarm system.

Read Also How Car Insurance Work In India?

Things To Keep In Mind For A Strong Claim

  • Keep your vehicle always in a road-worthy condition with proper insurance-related documents.
  • If a person other than you is driving the car, ensure they have a driving license and are not driving under the influence of alcohol or drugs.
  • In case of an accident with a third party, ensure you take them to the hospital immediately.
Keep all the above in mind while going for a comprehensive car insurance and do compare offerings by different companies to grab the best deal.

Different Types of Car Insurance

There are two types of car insurance products – Third Party Insurance and Comprehensive Insurance.
As mentioned above, third party insurance is mandatory which covers the vehicle owner from legal liabilities caused by death or damage caused to a third party.
The second type is the Comprehensive Insurance Policy. This provides overall protection for any damages caused to your own self and your vehicle. Additionally, this also protects your vehicle against accidental fires, theft, or natural calamities.
Like any insurance product, you need to pay an Annual Premium to avail these benefits. Your car insurance premium is based on factors like the model of the car, purpose of the vehicle (personal or commercial), safety devices installed within the car, and the insurance zone, which is the area of your residence and location where your car is registered.
Read Also Things To Keep In Mind Before Buying Auto Insurance

What Is Typically Not Covered

Most car insurance policies don’t cover the following.
  1. Aging, wear and tear, etc. of the vehicle
  2. Depreciation
  3. Electrical or mechanical breakdown
  4. Damage to tyres and tubes. However, if the vehicle is damaged at the same time, the liability of the company will be limited to 50% of the replacement cost.
  5. Damage caused by a person driving without a valid license.
  6. Damage caused due to drunken driving or driving under the influence of drugs.
Loss/ damage caused by war, mutiny or nuclear risk.

Post a Comment

14 Comments

  1. Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for Third Party Car Insurance In India

    ReplyDelete
  2. Do you need a comprehensive or 3rd party car insurance ? Compare best car insurance now to save your time and Money with Mawazna.com.

    Car insurance in Pakistan

    ReplyDelete
  3. Thanks for sharing this blog. However, health insurance is more important than your car insurance. So, think twice when you go around. However, you can go ahead with both.

    ReplyDelete
  4. It is a great website.. The Design looks very good.. Keep working like that!. Best No Fault Michigan Car Accident Law Firm in 2019

    ReplyDelete
  5. Replies
    1. Please remove the spam links from the comments.

      Delete
  6. Do you need a loan? we give out fast loan.
    Loan Applications Lend up to $50,000,000.00 and Choose between 1 to 25 years repayment term. We are currently building a system of loan acquisition to help various individuals and organizations with renewal, debt consolidation, refinancing and business setup intentions.
    Repayment plan Flexible.
    Reply to email: specializeloanservicing@gmail.com
    Mr.Oleg Tkachenco.

    ReplyDelete
  7. Hi,

    I have read your blog and found it very interesting. Thanks for sharing it with us. As we all know that the number of accidents are increasing day by day, it is advisable for everyone to buy a car insurance for their car so that in case your car meets with an accident you are not the one who is suffering from all the losses.

    We at Policy21st.com are providing services in Car Insurance Plans policy. With this plan you can ensure that during any damage all the loss are managed by policy provider.

    Also visit here:- Policy21st.com

    ReplyDelete
  8. Thank you very much for the sharing! COOL.. Party Bus Toronto

    ReplyDelete
  9. Very good article and thanks for sharing such information. Already Read your Recent Post, its Great Thanks graduation invitation | Non Profit Budget | employee performance review | community service | editable punch card

    ReplyDelete
  10. Are you a business man or woman? Do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you need funds to finance your project? We Offers guaranteed loan services of any amount and to any part of the world for (Individuals, Companies, Realtor and Corporate Bodies) at our superb interest rate of 3%. For application and more information send replies to the following E-mail address: standardonlineinvestment@gmail.com
    Thanks and look forward to your prompt reply.
    Regards,
    Muqse

    ReplyDelete