Amar was riding on the roads of Mumbai coming back from work, when his car met with a slight accident. The cost of repairs for the dent was Rs.5000. With so many expenses happening in the month, he was short-pressed for cash and asked his friend for assistance. His friend helped him out but advised him to take motor insurance, as it would remove the stress from such unexpected situations. This is just one of the many incidents in which such insurance is required.
Coverage offered by car insurance
In Amar's case the problem was a small dent. What if there was a serious accident, causing personal injury, loss to third party etc? In such situations without motor insurance, you will have heavy expenses to pay. In addition to taking treatment for injury, lots of money has to be spent on heavy repair work. On the other hand, having insurance will bring down the costs rapidly thus protecting you and your family when the unexpected happens. Car insurance pays out under the following circumstances:
€ If the vehicle is damaged by fire, accident, earthquake, riot, strike, flood, while on transit by rail, road or water or airways,
€ In case of injury to yourself or injury causing temporary, permanent disability or loss of life
€ In the event of injury to third party, damage to their vehicle or property
This is the basic cover that is provided by a motor insurance policy. Additional roadside assistance coverage is also available. This will apply for any repair that happens due to minor breakdown, flat tier change, lock out because of lost key, emergency fuel and towing to the nearest garage.
In addition to the above coverage you can also get add-ons such as depreciation cover, personal accident cover, hospital cash, medical expenses and invoice price cover. Each of these add-ons will increase the premium cost but will give you excellent protection if an unexpected situation happens on the road. If you opt for cashless coverage, you don't have to pay anything when getting the vehicle serviced in a garage, falling under the insurer's network.
Finding out premium rates and insurance application
If you are worried about the cost of car insurance, visit the insurance company's website and use its car insurance calculator. Fill relevant details in the calculator's fields and it will show a quote for coverage you desire. You can proceed to taking up insurance right away by filling the online application form. Submit it to the site and you will get a policy number shortly. Use the policy number to compete premium payments every month.
Coverage offered by car insurance
In Amar's case the problem was a small dent. What if there was a serious accident, causing personal injury, loss to third party etc? In such situations without motor insurance, you will have heavy expenses to pay. In addition to taking treatment for injury, lots of money has to be spent on heavy repair work. On the other hand, having insurance will bring down the costs rapidly thus protecting you and your family when the unexpected happens. Car insurance pays out under the following circumstances:
€ If the vehicle is damaged by fire, accident, earthquake, riot, strike, flood, while on transit by rail, road or water or airways,
€ In case of injury to yourself or injury causing temporary, permanent disability or loss of life
€ In the event of injury to third party, damage to their vehicle or property
This is the basic cover that is provided by a motor insurance policy. Additional roadside assistance coverage is also available. This will apply for any repair that happens due to minor breakdown, flat tier change, lock out because of lost key, emergency fuel and towing to the nearest garage.
In addition to the above coverage you can also get add-ons such as depreciation cover, personal accident cover, hospital cash, medical expenses and invoice price cover. Each of these add-ons will increase the premium cost but will give you excellent protection if an unexpected situation happens on the road. If you opt for cashless coverage, you don't have to pay anything when getting the vehicle serviced in a garage, falling under the insurer's network.
Finding out premium rates and insurance application
If you are worried about the cost of car insurance, visit the insurance company's website and use its car insurance calculator. Fill relevant details in the calculator's fields and it will show a quote for coverage you desire. You can proceed to taking up insurance right away by filling the online application form. Submit it to the site and you will get a policy number shortly. Use the policy number to compete premium payments every month.
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