For your Vehicle
Having car insurance is an required by law in most states. If you make a mistake in a car accident, the necessary auto liability coverage on your car insurance policy helps pay for the damage covered, such as the medical bills of the other party and the damage to their vehicle or other property that the accident caused. Occurs as a result.
Driving a vehicle: is not a luxury but it is a big responsibility. Even many people consider driving as a status that symbol, especially is in a country like India vs us, where as people believe in an showing off. With a rising income slab, having a vehicle is not a big deal nowadays and people can easily get bikes and cars. This not only reflects the state of a society, but also enhances mobility and therefore saves time. Driving is also eliminating dependence on public transport.
It is true that driving: has made our lives comfortable, but at the same time it also pushes us towards a dangerous life. As someone right said “the speed-away ended at the cemetery”. People not only risked their lives in the name of pretense, but also hurt others by over speeding their vehicles. Daily reports of accidents in newspapers, as well as deaths are now a common practice. People are losing their lives in road accidents by breaking traffic rules and have also put the lives of others at risk by not following driving ethics. Also, the cost of spare parts along with the high repair costs squeeze your pocket which proves that it is necessary to have a good motor insurance policy these days.
Attributes Info – Auto insurance basics
Motor insurance is mainly purchased for vehicles plying on the roads with the primary objective of providing protection to the vehicle and driver against any physical damage in case of an accident. There are several factors for which it is important to buy motor insurance:
Mandatory by law:
The most important reason for purchasing motor insurance is that it is mandated by law. According to the Motor Vehicles Acts, third-party insurance is mandatory on. The police has the right to check your vehicle documents such as PUC, license and insurance policy at any time. If you are unable to provides documentation, you will be in trouble. Therefore, it would be advisable to buy motor insurance before getting on the road.
Damage and damage to the vehicle:
We all know that people in our country have no understanding of driving and the kind of traffic management that we have, there is hardly a day when you damage vehicles without beating them. The main reason for having motor insurance is that it covers the expenses due to any loss or damage to your vehicle. So always be safe and get motor insurance before riding your bike or car on the roads.
Reduces your liability:
Third party liability (TPL) motor insurance is compulsory in India, which protects you from the legal impact of an accident caused by you. TPL means that if you damage another person and their property in an accident, the insurance will pay for their treatment and protect you from legal bearings.
Admitted to hospital:
Not every vehicle owner is lucky enough to have just a few cuts and bruises in an accident. Some accidents have put you in a difficult situation and require you to be hospitalized. In that case, your motor insurance company will pay your hospital bills, instead of meeting higher hospital and treatment costs out of your own pocket.
Compensates your family after your demise: Some accidents are so terrible that it leads to the death of the car owner, which is the most unfortunate result of a road accident. Once the bread-earning policy holder passes away, it becomes difficult for him / her family to meet their daily needs. Therefore, motor insurance policy helps the family to bear the expenses after any unfortunate event.
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