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online motor insurance

Buy or renew online motor insurance with Bajaj Allianz. Cashless Claims at over 4000 preferred garages, 24x7 road-side assistance, zero dep cover and more

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online motor insurance

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  1. Car Insurance Basics You Need to Know

  2. Car owners certainly have their cars insured. But, do they really understand the insurance policy? You must have had certain intentions in mind while taking the policy, but are you sure that your car will be protected against those risks? So, here are the basics you ought to know about car insurance that will help you make a smart decision.

  3. Is Car Insurance a Must? • The Indian law says that any vehicle on the Indian road needs to have a valid insurance policy that at least covers the cost of damage that the vehicle may cause to other people or vehicles. • In case of any damage covered under the terms of the insurance contract (and as long as there is no fraud involved), the insurer will bear the amount rather than you having to pay from your pocket. In most cases, an insurance policy covers costs caused by accident damage, theft, fire and natural calamities like floods, earthquakes or cyclones. • Forget the compulsion; even without it, it is advisable to have your new car insured. It's not always the neighbour who gets hurt; your car too could meet with an accident. It is truly worth spending some amount on car insurance. Auto insurance policies need to be renewed on an annual basis.

  4. Types of Car Insurancebasically, two types of auto insurance policies exist: third party and comprehensive. Let's look at them in detail. • Third Party InsuranceThis type of insurance covers the damage caused by your car to a third party. It is the minimum that you need to have as per the Indian law, so that, if another individual or vehicle is damaged as a result of your driving, the third party needs to be compensated for it. For example, if you meet with an accident while driving, the insurer will pay for the damage caused to the other vehicle and individuals in that car. However, you or your car will not be covered under this policy.

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