Most people think that holding a valid driving license is enough to drive a car out of the showroom. But that’s not true! Insuring your car is mandatory under law before taking it on the road. Car insurance acts as a financial blanket for you and your car in case of any unforeseen events. Besides, buying an insurance policy for any of your valuables including your car is like making an investment for future use.
While, ‘driving with complete peace of mind’ remains the prime advantage of having your car insured, there are other significant benefits most people are unaware of. Continue reading the article and you will be encouraged to get your car insured right from today!
Helps you drive legally:
As per the Motor Vehicle Act 1988, it is mandatory for every car owner to get his or her vehicle insured before taking it for a ride or a trip. However, it is not compulsory to buy insurance from your car dealer itself. You can buy the policy plan from any insurance provider to protect you and your car from perils of the road.
Cashless Garage Network:
Some car insurance providers have a PAN-India network of cashless garages, thus offering free mechanical services in case of wear and tear after the accident. You don’t have to undergo the process of filing a claim and making rounds to the insurance company. The insurance provider will directly pay all the bills to the repair shops within their network.
Third-party Liability Cover:
Any person, be it pedestrians or the drivers and the occupants of other vehicles are called ‘third-parties’. A car insurance policy not only shields you but also protects the financial interests of these third parties in the event of accidents, injuries, or death.
Personal Accident Cover
As per the revised motor vehicle laws, the personal accident coverage amount has been increased to Rs. 15 lakhs from the previous Rs. 2 lakhs. This means, if you had an accident while driving in your insured car and suffered serious injuries or lost your life, the insurance company would pay up to Rs. 15 lakh to you or your family.
Coverage against natural & manmade calamities
Any damage caused to your car due to various natural calamities like lightning, floods, and manmade calamities such as robbery, riots, terrorist activities, etc., are all coverable under your car insurance plan.
Perhaps this is one of the major benefits of getting your car insured. You always have the freedom of customizing your policy with add-ons to meet your specific needs. Zero depreciation, no claim bonus retention, return to invoice, engine protection, passenger cover, tyre protection cover, and roadside assistance are some of the popular add-ons that offer comprehensive benefits.
There is no denying that safe driving protects your car from damages, but you never know what unforeseen events are awaiting you like an accident. Such events can ruin you financially and you may end up having debts. So, be wise and shield your car with the right insurance policy today!