|
If a friend in need is a friend indeed, then an insurance policy has a potential to become your best friend. It comes to your rescue during unfortunate times and protect your financial health. From the legal point of view, it is mandatory for a car owner to insure his vehicle and there is no option of not availing it. However, there are several benefits not every car insurance policy may provide. These benefits differ from company to company and policy to policy. Therefore, it is always good to gain more and more knowledge about the kind of benefits you may be able to derive from a car insurance policy. A lack of knowledge may leave you at a losing end. Here is a quick snapshot for you. Extent of coverage: A comprehensive car insurance policy is supposed to protect your vehicle from damages caused by both minor and major accidents. However, you shall always confirm the conditions regarding coverage against natural calamities such as earthquake, cyclone, flood, volcanic eruption etc. You shall also clarify whether or not it provides coverage against damages caused owing to riots, terrorist activities, and other such mishaps. A motor insurance policy is expected to cover the driver indeed. However, that is not all. You shall also look whether the policy could also cover all other people travelling inside your car. God forbids, if an accident happens, all the members shall be covered under the policy. Exclusions: An insurance policy always has exclusions. It depends on the terms and conditions described in the policy document. But you should be aware of these exclusions well before buying the policy. After all, you would not like to come across unpleasant surprises later during the eleventh hour. For instance, there are times people complain that their policies did not cover certain kind of damages caused during floods or any disasters caused due to human error. It is very important that you are aware of these aspects. Also, be aware of the conditions regarding theft. Third party coverage: A motor insurance policy shall protect you against any third party damages caused due to an accident with your vehicle. This way, you will not stand liable to pay for any damages to third party. Procedure of claims: With the ongoing reforms in the insurance sector in India, the procedure of motor insurance has undergone radical changes. It has become much easier to claim and one can simply do it through the car company or the garage where the car is supposed to be repaired. A lot of information about benefits attached to insurance policies is available online and could be retrieved easily. No claim bonus: If you do not raise any insurance claim during the year, you are entitled for no claim bonus which runs into double-digit percentage discounts. The amount of bonus increases if you do not raise any claims for consecutive years Get car insurance on low rates along with better feature from different leading companies in India. You can compare and avail better car insurance policy at Easypolicy.
Related Articles -
Car Insurance, Online Car Insurance,
| 
