Types Of Coverage Provided By Motor Insurance In India
The Motor Vehicle Act makes it mandatory for vehicle owners go for third party insurance, from one of the various registered motor insurance companies in India. Even when the driver is not at fault accidents can happen and being in such situations signify substantial financial bills related to medical situations, legal considerations, and vehicle repair, not to say out of court settlements and other numerous aspects where you may need to pay money.
There is simply no alternative to a strong insurance cover and here below are some of the types of coverage provided by motor insurance in India.
Basic coverage through auto insurance
By going through car insurance online it is possible to know that policyholders can reap the benefits of certain basic coverage for definite scenarios whichever insurance they go for. This includes accidents due to external means, terrorism, burglary, explosion and other man-made situations leading to vehicle damage, during transit, legal liability for third party, and cover during death.
Insurance for private car
This is necessary for vehicle owners in India, if they own a car, which is not for commercial purposes. The premiums you need to pay depends upon value and make of vehicle, registration condition, and manufacture year. Car insurance renewal India can bring about a change in the coverage range and premiums. Based on your driving record you may or may not be in a position to negotiate.
Insurance for two wheelers and commercial vehicles
Two-wheeler policies give covers both to the driver of such vehicles and their victims. Under commercial vehicle range come trucks, HMVs, and tempos as well as any other automobile, used for making profits or for business reasons. Insurance companies provide all kinds of covers for such vehicles.
Third party coverage
Those who opt for car insurance online can go for third party coverage, which is mandatory when it comes to vehicle insurance in India. This provides cover only to the party that is injured during accidents and the damage related to their property. It is the most basic policy one may go for.
Liability-only cover
This is another option for the vehicle owner, which covers both damage and injury or third party involved in the accidents along with owner-driver personal cover related to injuries sustained is also included in such an option.
Comprehensive coverage
Through their car insurance renewal India vehicle owners can switch to comprehensive motor insurance cover from third party or liability covers. As the name suggest this type of policy includes all the situations related to vehicular accidents or damage sustained to owner, driver, property, and third party. The premiums you need to pay in such covers are high compared to others but with it, you can achieve complete peace of mind.
Motor insurance companies in India offer various types of coverage based on vehicle make, model, your personal requirements, and financial capabilities along with benefits to the policyholder and others related to accidents or loses. Choose the one that suit and above all, drive safely!
There is simply no alternative to a strong insurance cover and here below are some of the types of coverage provided by motor insurance in India.
Basic coverage through auto insurance
By going through car insurance online it is possible to know that policyholders can reap the benefits of certain basic coverage for definite scenarios whichever insurance they go for. This includes accidents due to external means, terrorism, burglary, explosion and other man-made situations leading to vehicle damage, during transit, legal liability for third party, and cover during death.
Insurance for private car
This is necessary for vehicle owners in India, if they own a car, which is not for commercial purposes. The premiums you need to pay depends upon value and make of vehicle, registration condition, and manufacture year. Car insurance renewal India can bring about a change in the coverage range and premiums. Based on your driving record you may or may not be in a position to negotiate.
Insurance for two wheelers and commercial vehicles
Two-wheeler policies give covers both to the driver of such vehicles and their victims. Under commercial vehicle range come trucks, HMVs, and tempos as well as any other automobile, used for making profits or for business reasons. Insurance companies provide all kinds of covers for such vehicles.
Third party coverage
Those who opt for car insurance online can go for third party coverage, which is mandatory when it comes to vehicle insurance in India. This provides cover only to the party that is injured during accidents and the damage related to their property. It is the most basic policy one may go for.
Liability-only cover
This is another option for the vehicle owner, which covers both damage and injury or third party involved in the accidents along with owner-driver personal cover related to injuries sustained is also included in such an option.
Comprehensive coverage
Through their car insurance renewal India vehicle owners can switch to comprehensive motor insurance cover from third party or liability covers. As the name suggest this type of policy includes all the situations related to vehicular accidents or damage sustained to owner, driver, property, and third party. The premiums you need to pay in such covers are high compared to others but with it, you can achieve complete peace of mind.
Motor insurance companies in India offer various types of coverage based on vehicle make, model, your personal requirements, and financial capabilities along with benefits to the policyholder and others related to accidents or loses. Choose the one that suit and above all, drive safely!