Car Insurance

Car insurance is an insurance that is given towards damage or loss of automobile such as cars or other commercial vehicles. The policy can be purchased at any online insurance website or relative agent office or company. It is mainly taken to mitigate losses that come into life because of damages or accident caused to the vehicle. With auto insurance, it is the insurance company that pays for the costs connected to the loss or damage to the car, and not you yourself as the purchaser of the policy.

The premium you have to pay for the policy usually depends on the vehicle type, its age, insured declared value, and your age. The car insurance covers caretaking expenses for the vehicle or other liabilities on it. You can also buy an additional insurance on car to protect it further from other damages, which are not covered already in the policy taken.

Some the covers are for any financial loss resulting from car damage, its repair, replacement of parts etc. Car insurance is easy to purchase and renew. Many banks, financial institutes and recognized agencies sell car insurances in India. There are several types of car insurances, categorized according to overall applicability and based on certain parameters, which impact condition of the vehicle.

  • Third Party Insurance
  • Comprehensive Car Insurance
Coverage:
1. Damage or Loss to your Vehicle:
  • Natural Mishaps: Storm, fire, self-ignition, explosion, earthquake, lightning, flood, hurricane, typhoon, inundation, hailstorm, landslide, frost, rockslide, cyclone, landslide, tempest, etc.
  • Man-made: Strike, burglary, riot, theft, accident by external means, damage during transit by rail, road, lift, elevator, inland waterway, air etc, malicious act or terrorist activity.
2. Personal Accident Cover:

The coverage on accident of car can be extended to even the passengers, whose accounted figures must equal to the maximum permitted occupancy in the car, as decided by the car's manufacturer.

3. Third-Party Legal Liability:

The car insurance policy of the above-mentioned type is for vehicle that causes damage or accident, disability, injury or death of another person who is not related directly to you, but is affected by the mishap.

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