Most of the people in India spend a lot of time researching while purchasing a new car since they want to ensure that their selection of the vehicle is flawless. But when it comes to car insurance, most of the car owners don’t spare a single thought. However, it is not advisable that availing any vehicle insurance plan without keeping the requirements. So, before purchasing a car insurance online policy, you should know about the best car insurance online plan and what are the coverage. Well, there are mainly two types of motor insurance coverage in India.
· Third Party Coverage: This plan is mandatory as per the Motor Vehicle Act in India. You have to buy this plan, right after you buy a new or used car. This vehicle insurance plan provides coverage for all the liabilities to a third party when you are a faulty driver. If your vehicle is in charge of an accident that causes damage to third party vehicle or any physical injury to the third party, this plan plays a key role. But it does not provide coverage for owner-driver and personal accident coverage.
Comprehensive Coverage: This policy is considered to be all-rounder coverage. If you own this plan, you can avail both liabilities to a third party and your insured vehicle. You need not pay for any damages or losses of your car as well as for the third party. This policy is popular among all in spite of the higher premiums as it provides a wide range of coverage.
Comprehensive Coverage: This policy is considered to be all-rounder coverage. If you own this plan, you can avail both liabilities to a third party and your insured vehicle. You need not pay for any damages or losses of your car as well as for the third party. This policy is popular among all in spite of the higher premiums as it provides a wide range of coverage.
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