Types of Car Insurance Coverage

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Types of Car Insurance Coverage
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• Insurance in India is a legal requirement for all
  new vehicles. But when it comes to buying an
  insurance policy, it can be difficult to decide
  what type of car insurance coverage is the best
  choice
• Below we detail 3 types of coverages and
  scenarios with some tips to help make sound
  decision

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• Liability Insurance
• Liability insurance covers the cost of repairing
  any property damaged in the crash suffered by the
  other parties in an accident for which you are
  found to be at fault
• It covers you in the event you are in a covered
  car accident and when the accident is a result of
  your fault.
• As to have higher levels of coverage in case of
  disaster avoid buying liability coverage

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• Fire and Theft Coverage
• As the name states, this type of coverage is
  relevant when your vehicle is harmed as a
  consequence of fire, or if your car is stolen
• If your car catches fire due to lightning or
  things like floods, earthquake and also include
  damaged resulting from the sinking and collision
• It is a good idea if you own a fairly expensive
  vehicle or have valuable assets that need to be
  secured

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• Collision Coverage
• When the cost to repair exceeds the value of the
  vehicle collision coverage pays value
• If your car is totaled in an accident, collision
  coverage will pay the value of your car
• If your car is older, it may not be worth paying
  for insurance

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