inInsurancePrivate Car Insurance Policy: The purchase of a car is a joyful event and it is also important to protect it. The roads are not predictable and accidents may occur because of carelessness, technical or even simple luck. Such accidents may cause huge losses and costs. Your car is vulnerable to all sorts of dangers on a daily basis whether due to petty scratches, or natural disasters. That is why it is not only clever to have a separate car insurance policy, but also necessary.
In case you have not insured your car yet or just bought a new one, this is the reason why you need to take a policy today and take advantage of the following benefits:
1. Coverage for Own Damage
Cars may not just be ruined by accidents but people may also lose their cars because there are natural disasters, technical failures, or even other unforeseen reasons. Insuring a car also comes in handy to offset such unforeseen costs by repairing the damages.
2. Third-Party Liability Protection
The cars may occasionally lose control and cause injuries or destruction of property. Should something happen, third-party liability insurance coverage also means that your insurance company will pay the compensation, and you will not incur the high out of pocket expenses.
3. Personal Accident Coverage
A car insurance is a financial safety net to you and your family. It will cover the medical costs or permanent disability due to accidents, and give one peace and security.
4. Legally Mandatory
The Motor Vehicles Act provides that any car owner be insured with third party insurance at least. Operating a car under the influence of missing it is a crime and can be punished in case of the resemblance.
5. Extra Benefits with Add-Ons
Give an addition to your policy such as zero depreciation cover, consumables cover, breakdown assistance and conveyance benefits. These extra covers make your insurance holistic.
6. Convenience and Digital Services
The current car insurances have smooth online offerings such as no paperwork required in applications, immediate application, online claim, secure and cover over personal belongings and on-site services, to streamline your experience and leave you without the hassle.
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Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.