Car insurance is mandatory as per the Motor Vehicles Act, 1988. To legally drive your car in the street, you must at least possess a third-party motor insurance policy. This is indeed good when it comes to the protection against a third-party liability claim. However, this cover will not be of any use when you incur any injury or your vehicle is damaged following an accident.
Since the third-party liability-only insurance policies are designed to protect the owner of a vehicle against any third-party death/injury or property damage to a third-party in the event of an accident involving the insured vehicle, your must think about your own protection too. This is why it is always advisable to opt for comprehensive cover.
Now let’s have a look at the top 4 features of car insurance in India:
Third-Party Legal Liability: Imagine your car is responsible for the damage of a third party person or property, who will compensate for the damage? You need not worry if you have a comprehensive car insurance plan because it will be taken care of by the car insurance online.
Own Damage Cover: Comprehensive car insurance policy not only offers protection against third-party legal liability but also against any damage of your own. Your insurer will compensate against any damage to your car or any injury of your own in the event of an accident. However, this coverage will be as per the IDV amount, which stands for the Insured Declared Value and which is also your Sum Insured for the car insurance policy you choose to buy online.
Protection against Manmade & Natural Calamities: Car insurance online offers comprehensive protection against a number of manmade calamities such as fire, theft, burglary, vandalism, etc, and against a number of natural disasters such as earthquakes, storms, landslide, typhoon, etc.
Add-on Covers: Apart from the above-mentioned coverage options, car insurance also has a number of effective add-on covers that you can include along with your comprehensive motor insurance plan. You will be required to pay an extra charge along with your premium to avail of such add-on covers. There a various effective add-on covers that you can opt for such as the engine protector add-on, return to invoice cover, Zero Depreciation cover, etc, and many more.
Now you know about the top features of car insurance. However, if you want to avail the best cover for your vehicle, it is advisable to compare different motor insurance plans online and then go for the one that suits your requirements.
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