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Vital things to know about a car insurance policy

This PPT explains the car insurance policy benefits, offers and most helpful coverage from Liberty General Insurance. Paying a little more now may save you a lot in the future.

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Vital things to know about a car insurance policy

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  1. Vital Things to Know About a Car Insurance Policy Liberty General Insurance

  2. Select Suitable Online Car Policy Motor insurance is a must in India for all the vehicles that are driven on public roads. In case, you don’t have an insurance coverage, then it is illegal on your part to drive a car. For a small annual premium, you get protection against financial losses in the event of a mishap. There are several insurance plans offered by insurance companies. The challenge is in finding the one suitable for you. To find the one that suits you just compare various plans online and chose the car policy that matches your requirements.

  3. Types of Policies There are basically two types of car policies. One is third-party liability coverage and the other is comprehensive car insurance. The third-party coverage is meant basically for third-party injuries and their property damages. The comprehensive insurance covers losses/damages to you and your car in addition to protecting you against third-party liabilities. As said earlier, it is a must to have at least a third-party liability policy to drive on Indian roads.

  4. Customizable Policy You can get a totally customizable policy, when you compare car insurance quotes online. Customize your policy in terms of selecting the type of car insurance policy, car's Insured Declared Value (IDV) and Add-ons. And get real time quotes from the leading companies of India. Insured Declared Value is the total sum promised under the policy and add-ons are additional features meant to give you maximum coverage and protection.

  5. Discounts on Offer There are companies which offer discounts when you opt for a car policy. Every insurance provider gives some discount against the Own Damage component of your car policy. This discount differs from one insurer to another. Compare various car insurance quotes to identify the policy that offers you the ideal discounts for your car.

  6. Keep Track of Renewal You responsibility does not end with buying a car policy online. It has to be renewed before it lapses. If you do not renew on time, then you will be without an insurance cover. This would not only attract stiff penalties but also make you pay dearly in the event of a mishap. So, renew on time to enjoy uninterrupted insurance coverage. There is also a grace period for the same but it is better not to stretch your renewal beyond due date. During grace period if you encounter any crisis, then the insurer is not liable to pay anything, as there is no coverage during the grace period.

  7. Contact Us Address: 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Boardline: 022-6700-1313 Fax: 022-6700-1606​ Toll Free No: 1800-266-5844 Email:care@libertyinsurance.in Website:https://www.libertyinsurance.in/ Facebook: https://www.facebook.com/libertyGI/ Twitter:https://twitter.com/LibertyGILtd Google+:https://plus.google.com/+LibertyvideoconIndia

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