After buying a car with your hard-earned money, paying for the repair with your hard-earned money can be quite shocking. It can also adversely affect your wallet and savings. However in India, it is mandatory to have a third-party insurance policy on your vehicle. This means that the insurance policy will take care of any damage done to the car by the third party, and it will not cover any damage done by the owner himself. While this is essential insurance, many people prefer to get a comprehensive plan on their car, as it gives them better car insurance coverage. No matter what kind of policy you go for, you need to make sure that you have a work policy in the vehicle at all times, which is a requirement by the Vehicles Act.
Once you have a policy, you will have to pay a car insurance premium, and you will be insured for a certain amount. The amount of coverage you get from your car insurance depends on a whole host of factors. The first thing that is car make, and model. The type of policy you are looking at as well as the anti-theft device you already use will also be considered while coverage is being debated. Applicants driving history, age and gender are also important factors that are taken into consideration.
Due to this being mandatory, many insurance companies offer a large number of different types of policies to help you insure your car. These companies have also made matters easier by setting up great websites that allow people to check their policies online. Those wishing to have their car insured can simply call the insurance company, and then they will send the applicants home to look at the car and take a photo, after which they will reach a fixed premium amount and the sum assured. Once this is done, you can also pay for your car insurance online, and it saves you from the hassle of physically going to the insurance company’s office. You can pay via online banking or debit and credit card, and as soon as payment is made, you are e-mailed a copy of the policy that you need to print and keep in the car at all times . It is important to remember to renew the policy each year, and this can be done on the Internet with the click of a few buttons.
By law, it is compulsory to have insurance for your car, but it is also prudent, so always remember to look through some policies before you select one.