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A good car insurance plan can go a long way in determining the safety of your vehicle and also the well being of the others around you. A car insurance plan protects you and third parties too. As a result, you need to have a suitable car insurance plan in force at all times. Click to know more https://www.coverfox.com/car-insurance/
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A good car insurance plan can go a long way in determining the safety of your vehicle and also the well being of the others around you. A car insurance plan protects you and third parties too. As a result, you need to have a suitable car insurance plan in force at all times. Take a look at this article to understand what an ideal car insurance plan covers and how you can locate the best policy for yourself.
Third party liability cover in car insurance • Many a time innocent bystanders or watchful drivers are at the receiving end when a road accident takes place. At such a time, it is the duty of the errant vehicle’s driver to compensate the third parties for the losses. This is an ideal situation, but what happens when you are the one at fault? We all make mistakes and at times, these very mistakes come back hard at us. • Paying the third party on your behalf: If you have a third party liability car insurance policy, your insurer will compensate the third party directly on your behalf. You don't have to make the payments from your own pocket and this can surely help you save hefty amounts of money.
Offering medical claims on your behalf: The same holds true for physical injuries sustained by a third party. Your insurance provider will pay the third party on your behalf for the medical bills he draws up following the accident. • Compensating your legal expenses: Last but not the least, the third party cover will also allow you to make claims for the legal costs. If a miffed third party brings about a legal case against you, you can use the money from your motor insurance plan to hire the best of lawyers and protect yourself in a suitable manner. • As we can see, these are all significant and pertinent reasons why everyone needs a third party best car insurance cover. Please note that there are no compensations available for the damages sustained to your own vehicle under a third party cover. For that you require a comprehensive car insurance policy.
Add-on covers in car insurance • A comprehensive car insurance plan can be modified and made more flexible with the help of a few add-on covers. These add-on covers, also known as riders, are available at an added cost. Some of the common car insurance riders include: • Zero depreciation cover: • Engine cover:
