Driving a car is far from being safe in India. Most city roads are accident-prone and the instance of car-theft is not few and far between as well. A road-mishap can make a huge dent in your savings as you have to take care of not only damages to your own car but also have to compensate for the financial loss of the third-parties involved in the mishap. This is why; you have to invest in a good car insurance plan so that you can stay financially protected in case of any eventualities.
Coverage of Car Insurance
Generally, there are two types of car insurance policies – Third Party Coverage and Comprehensive Coverage.
Third Party Liability Coverage: Online car insurance plans with third party coverage offers liabilities of car owners in India to third parties and provide coverage up to a maximum of Rs.7.5 Lakhs in case of any third party property damage. This policy also provides monetary compensation in the event of third-party physical injury and death. But this plan does provide own damage coverage.
Comprehensive Coverage: Comprehensive coverage means complete protection to your car. The plans cover losses of policyholders due to natural disasters like fire, lightning, explosion, earthquake, typhoon, flood, storm, frost, tempest, cyclone, hailstorm, landslide etc. This package plan also covers financial losses due to damages by several different manmade mishaps in the likes of burglary, riot, theft, strike, external accidents, terrorist activity, malicious act and also damages during all types of transit.
Apart from that, most car insurance plans come with personal accident coverage for owner-driver of the insured vehicle. However, the coverage can also be extended to the other passengers and a paid driver of the car for an additional premium on an online car insurance policy.
Car Insurance Online Renewal Process
To renew car insurance online, you just have to follow a very simple process. You have to visit the portal of your concerned insurer to renew car insurance plan. You have to find the tab meant to renew car insurance online and start the process for renewal. Now you have to enter your existing motor insurance policy number and your date of birth to initiate the insurance renewal procedure. Then you have to make the payment online for the premium and save the receipt of your premium deposit. Finally, when your new motor insurance policy copy will be sent via email, your car insurance renewal process will come to an end. All in all, it takes a few minutes to renew online. A timely car insurance renewal ensures continuous coverage with all accrued benefits. So, you need to renew car insurance online before it expires.
However, while choosing the best car insurance policy online, you can visit GIBL.IN, an online insurance broking portal. This portal will help you to find out the best value car insurance policy online. So, without any second thought just go for it and enjoy your drive.
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