With the number of Car Insurance agencies and companies providing us with offers, promises and such other validations choosing the best plan for insuring ones car can be very confusing. Street accidents are the most common types of calamity in India. Thus insuring one’s car at the least provides mental peace and helps secure one’s assets. Being an important aspect of one’s lifestyle today, all cars must be insured.
Guidelines One must Keep in Mind before Agreeing to Buy an Car Insurance Policy
- The initial step must be, categorizing the various types of car insurance. The ‘third party liability insurance’ is mandatory for all vehicles on Indian roads. It covers injury, death, damage to property or the third party.
- The ‘comprehensive plan’ covers individual damage and is also liable for the third party and even unforeseen calamities. Factors on which the premiums provided by the companies will be determined depend on certain risks like the age-type of the vehicle, resource used etc. Thus, one must keep these in mind.
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