Types of Car Insurance Coverage

1. Types of Car Insurance Coverage

2. Insurance in India is a legal requirement for all new vehicles. But when it comes to buying an insurance policy, it can be difficult to decide what type of car insurance coverage is the best choice Below we detail 3 types of coverage’s and scenarios with some tips to help make sound decision

3. Liability Insurance Liability insurance covers the cost of repairing any property damaged in the crash suffered by the other parties in an accident for which you are found to be at fault It covers you in the event you are in a covered car accident and when the accident is a result of your fault. As to have higher levels of coverage in case of disaster avoid buying liability coverage

4. Fire and Theft Coverage As the name states, this type of coverage is relevant when your vehicle is harmed as a consequence of fire, or if your car is stolen If your car catches fire due to lightning or things like floods, earthquake and also include damaged resulting from the sinking and collision It is a good idea if you own a fairly expensive vehicle or have valuable assets that need to be secured

5. Collision Coverage When the cost to repair exceeds the value of the vehicle collision coverage pays value If your car is totaled in an accident, collision coverage will pay the value of your car If your car is older, it may not be worth paying for insurance