As per motor vehicle act 1988, if you have a car and driving on Indian road, you should opt for at least a third party car insurance policy. Driving a car without an insurance policy is illegal. You may face penalties such as fines and even jail time, depending on the state. Apart from the legal obligation, car insurance policy provides a sense of security while driving on the road of India. If you have an effective comprehensive motor insurance policy, you will get coverage for third party liability as well own damage during an accident. A car insurance policy even provides coverage against an array of natural and man-made calamities.
If you don’t have an insurance policy and cause an accident without insurance, you will have to compensate for all the damage/losses to your vehicle out of your pocket. You could also be mitigated by other people for the damage and injuries you caused them. Thus, you should not avoid the necessity of a car insurance policy. Here, we will discuss the drawbacks of not having a motor insurance policy.
Car Insurance Is a Basic Requirement
A proper auto insurance policy covers all the losses that you might suffer due to the theft of your car or damage/losses due to accidents or even natural mishaps. To keep continuation in car insurance policy coverage, each month you need to pay a certain amount of money to the insurance company and you will get an assured sum when in need. Above all, armed with the best car insurance policy, you can enjoy your drive.
Penalties for Getting Caught Without a Car Insurance Policy
Whether you cause an accident of your car or not, if you are caught driving without an insurance policy or other proof of financial responsibility, you could face a range of consequences. For example, if you are caught driving without a motor insurance policy in India, you may end up with a heavy amount of penalties.
If You Have Car Insurance, But No Proof
Sometimes you may see that you have a proper car insurance policy but you don’t have any proof while driving, in such circumstances you could entitle for penalties. However, if you cause a mishap but have no proof of insurance, it is less serious than being uninsured. So you should keep the proof of insurance, such as the policy ID card, in your vehicle. Or else, you can show the proof of insurance on your Smartphone.
After going through the entire part of the article, it can be said if you own a car; it is just to have a car insurance policy. The best insurance policy for your very own vehicle can provide all the ways protection and you can stay stress-free. Hence, without any second thought go for the best car insurance online policy. And GIBL.IN, an online insurance broking portal can help you to find out the best motor insurance policy.
for more info visit Gibl Blog
No comments:
Post a Comment