People today don't know much about car insurance beyond the fact that you must have your car insured. Buying a car has become an expensive affair today. This being the case, a car accident can make it worse for you. In addition to car damage, there is also third property damage and personal medical bills to consider. Having a good insurance helps you cover all these incidental expenses. Here are some tips on finding a good insurance policy.
Do Your Research
Choosing the best car insurance involves plenty of research. The first step is to list down the insurance companies present in your city. This step is followed by comparing various insurance policies offered. Nowadays, insurance companies provide product information on their websites, simplifying the process for us.
Get The Right Amount Of Coverage
To find the right auto insurance, start by figuring out the amount of coverage you need. Most insurance companies offer coverage of up to Rs. 5 lakhs while some companies offer up to Rs. 10 lakhs. One important factor you should note down is how much coverage you need. Given today's medical expenses and car repair costs, the amount of coverage you need in case of personal injury and property damage should be primarily considered. In such cases, you should ensure that the coverage is adequate.
Buying Motor Insurance In India
Car insurance, much like home or health insurance has witnessed a significant boom In India. Several dynamic insurance companies have rose to prominence by providing economic Motor insurance policies. These policies are not only cheap, but also offer a host of services and covers. Apart from hassle-free online purchase and renewal, several companies also offer services that include 24/7 roadside assistance, nil depreciation waiver and comprehensive post-accident assistance.
You must also look out for important policy information such as:
• Can the policy be purchased and renewed online? • How many people can be insured under the personal accident cover? • How many sum insured options are available? What is the maximum amount offered? • Does the policy offer miscellaneous benefits and covers? • Does the policy provide coverage for loss of personal baggage?
Benefits:
A complete comprehensive cover that offers both "Third Party Cover" and "Own Damage Cover"
Third Party Liability Cover - Personal Liability & Property Liability
Personal Accident Cover - for both owner - driver and passengers
Protects your vehicle from losses or damages due to accidental external means, burglary, theft and various other perils
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