Car insurance benefits
Comprehensive car insurance protects your car against any man-made or natural calamities like terrorist attacks, theft, riots, earthquakes, cyclones, storms etc. apart from third party claims/damages. Car insurance can be confusing and difficult to understand at times. There are certain guidelines that car insurance buyers should follow while choosing a policy. Car insurance acts like a best friend in times of crisis. It covers the damages caused in an accident thus saving you from paying a huge amount from your pocket.
benefits of car insurance
All states in India require a minimum amount of insurance. Car insurance can help to compensate for the loss of a large amount in the following ways
Provides benefits to survivors in case of accidental death.
It covers lawsuits, including legal fees brought against you as a result of an accident.
Covers vehicle repair bills due to accident damage.
Covers damages caused due to any reason other than accident, for example, theft, fire.
Additional Discounts:
Car insurance policies allow premium discounts for theft or for having more than one policy with the same insurer. It also offers the added benefit of extending coverage for other people driving your car with your permission.
No Claim Bonus:
No Claim Bonus is offered on renewal if you do not make a claim during the policy term, provided you fulfill certain terms and conditions.