Since car insurance is a legal requirement you have to avail one for driving on Indian roads. Apart from the legal compulsion, car insurance policy offers financial security during an emergency. To provide best protection to your very own vehicle, it is essential to opt for the best car insurance policy. There are scores of car insurance companies in India which make the task of finding the best car insurance in India difficult. That is why it is suggested to compare car insurance online and then choose the best one. GIBL.IN, an online insurance marketplace can help you to choose the best insurance policy.
Coverage of the Best Car Insurance Policy
All car insurance providers in India offer types of coverage - third party liability coverage and comprehensive or package coverage. Liability coverage is essential in India as per the motor vehicle act. Comprehensive car insurance is optional in India, but most car-owners go for it as it offers better coverage.
- Third party liability car insurance policy takes care of liabilities of policyholders to third parties on the road. If your insured vehicle gets involved in any mishap with a third party the coverage comes into effect. This policy offers monetary compensation in case of third party property damage and accidental death and physical injury. The best car insurance policy offers up to Rs. 7.5 Lakhs to compensate third party property damage. In the case of third party death and disablement, the amount of compensation by the third party can be unlimited for the best motor insurance policy.
- The comprehensive car insurance policy not only takes care of liabilities of policyholders but also protects the insured vehicle financially. The coverage of comprehensive four wheeler insurance plans shields insured vehicle from a wide range of manmade and natural calamities. The policy also covers the loss of policyholders in case of theft of the insured vehicle.
Most car insurance providers also come with personal accident coverage worth Rs. 1 Lakh for the owner-rider of the insured bike. This policy provides this coverage in case of death and disablement of policyholders.
Benefits of Availing Car Insurance Online
There are many advantages of buying car insurance online. Let’s take a look at some of the beneficial aspects.
- Legal obligation
You need to have a valid vehicle insurance plan to confirm the fact that you fulfill the legal requirement. Armed with a car insurance policy you can have the peace of mind.
- Financial protection
If you buy four wheeler insurance plans, you don’t have to suffer financial loss due to your liabilities to the third party. With a comprehensive car insurance online plan, you can also cover losses to your insured vehicle.
- Vehicle repair coverage
The coverage of vehicle insurance policy also includes expenses for repairing your damaged vehicles. If you repair your vehicles in time, the resell value of your vehicle will remain higher.
- Cashless service
Armed with an auto insurance policy, you can get your vehicles repaired without having to pay from your pocket. The provider of your concerned insurer has a network of garages that facilitate policyholders with cashless services such as repairs.
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