Reasons to Purchase A Car Insurance
Considering the bumper to bumper traffic situation in most Indian cities, owning a 4-wheeler is not only about its joy anymore. When buying a vehicle, we tend to focus on its fuel mileage, engine specs, design, price etc. What we often miss out is the insurance and safety component for the car. No doubt a car insurance is one of the most important considerations for your car. Not having an insurance is a whole different ballgame when you try to maintain and retain your car’s new condition. Its time you explore the basic benefits of a car insurance. Car Insurance has these components: 1. Own Damage - Damage to your own vehicle. (Optional) 2. Third Party/ Liability Cover - Damage to another property/person by your vehicle (compulsory). The Motor Vehicle Act 1988, states that a third-party coverage is important and compulsory for all vehicles that drive on roads in India and you can also be penalised by authorities...