Why is it necessary to get your vehicle insured in India?

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VEHICLE INSURANCE
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Why is it necessary to get your vehicle insured
in India?
Earlier, it was a time when car owners were
regarded as the big shots and it was a complete
luxury statement in India. Driving a luxury car
was not a cup of tea for everyone because of
which vehicle insurance was compulsory to keep
the lives of the driver as well as passengers
safe from any type of accident and loses. As the
time in India passed, cars and various makers of
the vehicles plunged in clusters to the
motherland and the affordable to the high top
model cars started to sell in vast numbers. Today
car insurance plans are equally important like a
life insurance plan. So before you proceed and
see the guidelines of the motor vehicles Act and
finalize an insurance policy for your vehicle, it
becomes important to understand what type of car
insurance plans are available in the Indian
market.
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Types of plans, Third party liability,
Comprehensive plan If you are looking for the
vehicle insurance policy under the third party
liability coverage then you must be aware that
the damages which are caused by the other person
to your car will be covered only. Such as any
kind of accident in a common pubic place for
which you are liable and the damage is caused by
the other cars driver. However, in
comprehensive car insurance plans owners damages
are also covered in the policy for claim. For
example- you were driving to your home back from
office and suddenly you crashed in the divider.
This is the case where car is damaged solely by
you. The car insurance companies will also cover
this in your insurance benefits and you can claim
for it.
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For two wheeler and light motor vehicles it is
mandatory to buy third party liability coverage
plans because accidents by the fault of anyone
else are quite possible now and then. The risk of
life and the damage to the vehicle is very
crucial under the motor vehicles Act. Moreover,
car insurance plans selling companies in India
defines comprehensive plans very favorable in
comparison to the third party plan. They are a
bit costly as their premium cost is higher, but
it provides both types of coverage i.e. third
party as well as owners damage risks. Besides,
damages, if the car is stolen from the public
place or from your house garage, then also you
will get a total lose benefit. Some margin of the
car is depreciated and 90 vehicle cost is
suffered by the insurance company.
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The cost to recover damages is high because of
which many people condemn the scratches or any
sort of damages of the car as it is and keep on
driving in a defective vehicle. This is very
risky and to maintain the decorum as well as the
beauty of the Indian roads, it is vital to enroll
into vehicle insurance immediately after the
purchase papers are signed. Currently, you can
easily buy the best and most affordable car
insurance plans from the online platform. There
are companies whose official websites have
uploaded vehicle insurance calculators and
purchase options. You can buy the insurance in
just few clicks. Source http//articles.abilogi
c.com/181317/why-necessary-get-your-vehicle.html
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https//www.bajajallianz.com/Corp/motor-insurance/
car-insurance.jsp
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