This is the age of technology and awareness. We all look for different ways by which we can make our life more easy and comfortable. With the latest technology to lead our life to modular kitchens, the human race is living a grand life. In the list of must-have for leisure, we always have a car on top. We all love our cars and treat them like our family members. When we give our best to save our family from all unforeseen mishaps, then why not our vehicle? There are various insurance plans for a loved one, home, or individual security and same as that have car insurance for the protection of our car. While buying car insurance, one has to be very specific about which amount you are willing to pay for the car insurance.
Eligibility For car insurance –
If you own a car in India, then you are eligible to buy car insurance plan online. In India, it is mandatory to have a third party insurance cover or any other insurance cover as soon as one becomes owner of the car.
Required Documents –
Paperwork of lien or forms online, there are a few documents that one require for the car insurance.
> Valid driving license copy
> Registration certificate copy along with the vehicle registration documents of the vehicle.
> Address proof
> In case of switch or policy renewal, documents of the current policy.
There are different car insurance programmes in the market. Basically, we can divide the coverage by insurance policy into 5 types-
Liability Coverage – Liability cover offer repair or replacement to the cost of any property damage of the third party that is caused by an accident by the insured car. It also covers hospitalization and medical treatment bill of the third party that is caused by an accident. It is mandatory in India to have the third party insurance cover as per the motor vehicle Act 1988.
Personal injury coverage – Personal injury coverage offers protection to an individual during an accident. Under this plan, the medical bill of the driver and co-passenger is covered. It is a preferable insurance plan as it not only covers the driver but also passages and by this one, you can make most of your investment in the car insurance policy.
Collision coverage – This policy covers the expense of the vehicle repair after an accident. This cover is determined by the age of the insured vehicle. While buying a new car, it is very important to secure it with the collision cover. Amount offered under this cover for old vehicles can be very low, so one needs to be judicious.
Comprehensive Coverage – This offers a coverage that includes all type of risk factors on roads that you and your vehicle go through on road during an accident. It offers coverage to the driver, passenger, third party, third party property, third-party vehicle passengers. One can buy comprehensive insurance policy as per the budget and coverage requirements.
Exclusions – There is a various field of coverage that car insurance offer. But along with the coverage, there are various exclusions that are the features not covered in car insurance. It is important to understand what the exclusions of a policy and how it works-
So, insurance companies have designed the different product as per the need of the customers. Basically, two type of car insurance is offered by insurance policies in India. One can choose any as per the requirement. You can choose the basic third party car insurance policy or an umbrella of a comprehensive insurance policy for all manage and risk coverage. One should be aware of various features and options of insurance coverage and compare them smartly before settling down on one car insurance policy. To get the best out of all visit PolicyX.Com.
Sep 24, 2018 0This is the age of technology and awareness. We all look for different ways by which we can make our life more easy and comfortable. With the latest technology to lead our life to modular kitchens, the human race is living a grand life. In the list of must-have for leisure, we always have a...