Life is unpredictable; you cannot predict what could happen in the next hours while driving. Any sudden mishap or accident could drain out your hard-earned money. However, if you own an effective motor insurance policy, you can cope up with any kind of unpleasant circumstances. There are numerous car insurance plans available by a plethora of car insurance companies in India. Thus, while choosing any policy, you have to be selective. As per motor vehicle act 1988, if you regularly drive a car on Indian roads, you should consider a car insurance plan. The best car insurance plans offer both third party liability and comprehensive coverage. You can have a look below to know more about a car insurance policy.
Car Insurance Coverage
Generally, there are two types of car insurance plans – Third Party Car Insurance Plan and Comprehensive car Insurance Plan.
Third Party Liability Car Insurance Coverage
Like, all car insurance plans available in India, third party car insurance policies cover financial liabilities of policyholders to third parties in case of a mishap where your own insured vehicle is involved. The plans pay out financial compensation in case of third party death and accidental physical injuries. It also provides financial compensation in case of third party property damage up to the maximum limit of Rs.7.5 Lakhs. A car insurance plan with liability coverage is essential in India, you cannot avoid it.
Comprehensive Coverage of Car Insurance Plans
A motor insurance plan with package or comprehensive coverage is not obligatory in India. Still most car-owners go for it to keep their insured car safe and secured. A comprehensive car insurance plan not only takes care of liabilities of the insured to third parties but also safeguard the insured vehicle of policyholders from theft and damages due to an array of natural and manmade calamities. A comprehensive coverage shields the insured vehicle from natural calamities like storm, lightning, earthquake and man-made disasters like a riot, strike, house-breaking, and the likes.
A comprehensive car insurance coverage also provides personal accident coverage to the owner-driver of the insured vehicle. The amount of personal accident coverage depends on the severity of the accident and injury. In case of total loss of vision, death, loss of two limbs, loss of vision in one eye and one limb and Permanent Total Dismemberment, the plan provides 100% coverage. In case of loss of vision in only one eye or only one limb, online car policies pay out 50% compensation.
How to Renew Car Insurance Policies?
To make the most of the wide coverage, you need to renew car insurance before its expiration. By getting the car insurance renewal process done, you can also enjoy all the accumulated benefits. The renewal process is very simple if you go online process. First, you have to visit the portal of your concerned insurer and mention your policy number and make the payment online. When your new car insurance plan is issued, you are done with your renewal procedure.
The great blog about car insurance.Thanks for sharing the blog, seems to be interesting and informative too.Could you help me to find more detail about Online Car Insurance Renewal
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