How To Get Maximum Benefits From Your Car Insurance

​As per Motor Vehicle Act, car insurance is compulsory and you must purchase one whether you buy a new or a used vehicle.

Your vehicle being one of the most important assets, needs to be protected but without hurting your pocket as much, as the repairs cost a lot. Car insurance protects you financially in case of an accident by covering the loss and damage to your vehicle. Even after being cautious on the road, you can't expect any foreseen incidents that might unexpectedly take place and can be involved in the same and pay heavy amount for its repair. Buying a car insurance is the best way to protect yourself in such circumstances, as it comes with a variety of benefits that can provide even better safety.

One of the major advantages of having car insurance is the no claim bonus (NCB). Customer is eligible for this benefit for every claim-free year which is available as a discount on the premium, which makes car insurance even more affordable.

The NCB accumulates over the years and can range between 20% and 50%

According to the Motor Vehicles Act, car owners must have third-party car insurance as a mandate. It protects you against legal liabilities caused to the third-party person or their property in an accident. Generally, you are responsible to cover the treatment expenses and if their property/vehicle gets damaged because of you or your car. In either case, your insurer pays the compensation and saves you from the losses 

Having a car insurance policy gives you complete peace of mind. You are assured that you will face no financial difficult