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Why is it necessary to get your vehicle insured in India?

Earlier, it was a time when car owners were regarded as the big shots and it was a complete luxury statement in India. Driving a luxury car was not a cup of tea for everyone because of which vehicle insurance was compulsory to keep the lives of the driver as well as passengers safe from any type of accident and loses.<br>

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Why is it necessary to get your vehicle insured in India?

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  1. VEHICLE INSURANCE

  2. Why is it necessary to get your vehicle insured in India? Earlier, it was a time when car owners were regarded as the big shots and it was a complete luxury statement in India. Driving a luxury car was not a cup of tea for everyone because of which vehicle insurance was compulsory to keep the lives of the driver as well as passengers safe from any type of accident and loses. As the time in India passed, cars and various makers of the vehicles plunged in clusters to the motherland and the affordable to the high top model cars started to sell in vast numbers. Today car insurance plans are equally important like a life insurance plan. So before you proceed and see the guidelines of the motor vehicles Act and finalize an insurance policy for your vehicle, it becomes important to understand what type of car insurance plans are available in the Indian market.

  3. Types of plans, Third party liability, Comprehensive plan If you are looking for the vehicle insurance policy under the third party liability coverage then you must be aware that the damages which are caused by the other person to your car will be covered only. Such as any kind of accident in a common pubic place for which you are liable and the damage is caused by the other car’s driver. However, in comprehensive car insurance plans owner’s damages are also covered in the policy for claim. For example- you were driving to your home back from office and suddenly you crashed in the divider. This is the case where car is damaged solely by you. The car insurance companies will also cover this in your insurance benefits and you can claim for it.

  4. For two wheeler and light motor vehicles it is mandatory to buy third party liability coverage plans because accidents by the fault of anyone else are quite possible now and then. The risk of life and the damage to the vehicle is very crucial under the motor vehicles Act. Moreover, car insurance plans selling companies in India defines comprehensive plans very favorable in comparison to the third party plan. They are a bit costly as their premium cost is higher, but it provides both types of coverage i.e. third party as well as owners damage risks. Besides, damages, if the car is stolen from the public place or from your house garage, then also you will get a total lose benefit. Some margin of the car is depreciated and 90% vehicle cost is suffered by the insurance company.

  5. The cost to recover damages is high because of which many people condemn the scratches or any sort of damages of the car as it is and keep on driving in a defective vehicle. This is very risky and to maintain the decorum as well as the beauty of the Indian roads, it is vital to enroll into vehicle insurance immediately after the purchase papers are signed. Currently, you can easily buy the best and most affordable car insurance plans from the online platform. There are companies whose official websites have uploaded vehicle insurance calculators and purchase options. You can buy the insurance in just few clicks. [Source: http://articles.abilogic.com/181317/why-necessary-get-your-vehicle.html]

  6. https://www.bajajallianz.com/Corp/motor-insurance/car-insurance.jsphttps://www.bajajallianz.com/Corp/motor-insurance/car-insurance.jsp Follow us on : https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

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