Why should you buy Comprehensive Car Insurance Policy?

Comprehensive Car Insurance Policy

If you have a car, you ought to have a car insurance plan as car insurance is mandatory in India. To cater to the increasing number of cars in India, scores of car insurance providers in India have come into being. Along with age-old public sector car insurance companies, many private general insurance companies also offer car insurance plans with unique features. With the advent of the internet, online car insurance policies are also easily available. Car insurance online plans are highly sought-after as these policies are issued instantly upon making the payment online. You can pay through net banking or through your debit and credit card and get your online car insurance plan instantly. You can follow the same easy process to renew car insurance online as well. You can even buy car insurance online from your Smartphone on the go and from anywhere and at any time of the day. Owing to all these facilities, online car insurance plans are all the rage now in India.

When it comes to coverage of car insurance plans, liability coverage is mandatory as per the Motor Vehicles Act. A liability-only plan safeguards policyholders’ liabilities to third parties if their insured car is involved in any mishap that leads to third party property damage or casualty. Car insurance plans with liability coverage payout unlimited financial compensation in case of third party death and physical accidental injuries. However, liability plans don’t cover damages to the insured car.

If you want to cover your own car, you have to avail a car insurance plan with comprehensive coverage. A comprehensive car insurance plan covers financial losses of policyholders due to theft and damages to an insured vehicle due to a plethora of natural and man-made perils. Car insurance comprehensive plan also provide owner-driver of the insured vehicle with personal accident coverage.

The personal accident coverage of car insurance plan can be extended to pillion riders of the insured vehicle by paying an additional premium. The accessories of the car can also be covered by paying an extra premium. Lately, car insurance companies have come up with a range of add-on covers that you can avail to enhance the regular comprehensive coverage of car insurance plans. You can avail add-on covers like Depreciation cover, Return to Invoice cover and Engine Protector Cover to strengthen the coverage of your existing car insurance policy and also to ensure that you can make successful claims and get a full return of the amount you invested. You avail those add-on covers with comprehensive car insurance coverage.

So in all aspects, it can be said that comprehensive car insurance coverage is worth in all-encompassing ways as it provides complete protection towards your car.