Motor Insurance

Why Should You Buy
a Motor Insurance?

A motor insurance is one of the most important aspects from your security perspective. With a vehicle insurance policy in place, you can safeguard yourself from the financial implications of an untoward incident involving your car or two-wheeler. A comprehensive motor insurance covers you against risk and perils such as theft, damage to the vehicle due to an accident and other listed reasons along with any liability caused to a third party involving your vehicle. In addition to this, it is mandatory by law to have a third-party liability motor insurance coverage while driving on Indian roads.

The fact that we know that vehicle insurance is mandatory should be sufficient to purchase one. However, the advantages are plenty. Here are a few reasons why you should consider buying motor insurance:

• Your damages are covered: Imagine running your vehicle into another car accidentally. Repairing frontal damages such as the bonnet, bumper damages, windshield damages and headlights may cost you easily around 50,000 to 60,000. Can you imagine paying that out of your pocket? A vehicle insurance helps you take care of such unexpected expenses.
  
  
• You are protected against third-party liabilities: The third-party motor insurance is mandatory in India. It covers any damage caused to a third party due to your car or two-wheeler.
  
  
• You can opt for a Personal Accident Add-on Cover: As part of the Optional Personal Accident add-on, the owner/driver is covered in the event of an accident involving the insured automobile.