The answer is simple. Car Insurance is mandatory by law. Driving around without valid car insurance is illegal in India. In case of death or bodily injury to a third party or any damage to its car, the car insurance policy provides compensation of up to Rs 1 lakh. Such type of vehicle insurance is known as the third party insurance and it protects not only you but also other people or family members who may be riding / driving you car.
Comprehensive car insurance protects your car from any man made or natural calamities like terrorist attacks, theft, riots, earth quake, cyclone, hurricane etc in addition to third party’s claims/damages. At times car insurance can be confusing and difficult to understand. There are certain guidelines that should be followed by the Car Insurance buyers while choosing the policy. Car insurance acts like a great friend at the time of crisis. It covers the losses made in an accident and thus saves you from paying out the huge sum from your pocket.
WHY DO WE NEED CAR INSURANCE?
Reviewed by Unknown
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10:12:00
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Reviewed by Unknown
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10:12:00
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