Importance and Benefits of Comprehensive Car Insurance Policy

Having third-party car insurance is mandatory as per the motor laws. However, this policy is not enough to cover your car from any own damage. For instance, if your car catches fire, a TP policy would not suffice. Thus, it is recommended to opt for a comprehensive plan. Here is how having comprehensive car insurance can be beneficial for you and your car.

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The Need for Comprehensive Car Insurance

The third-party insurance covers third-party damages caused by your car which isnt sufficient to protect your vehicle completely as it does not cover damages to the insured's vehicle, natural calamities, or thefts. Also, one should note that vehicles are machines, and quite expensive at that one. Thus, it's crucial to protect your property and yourself from the costly consequence of accidents, whether it's a little scratch caused by a careless motorcycle rider, an unexpected accident on the highway, or a robbery. As a result, getting the correct insurance policy, such as comprehensive car insurance, is essential for complete financial protection and would be the right choice in the event of any unforeseen occurrence.

Benefits of comprehensive car insurance policy

Comprehensive motor insurance policy provides you with a wide range of coverage options to ensure your safety. It covers many various risks including the car, its passengers, any property or valuables in your vehicle, as well as any damages caused to a third-party vehicle and its passengers.

1. Third party liability insurance

   The comprehensive coverage protects the car owner from third-party legal liability claims in the event of an accident. As a result, if a vehicle with this coverage is involved in an accident in which a third party is hurt or killed, the insurance policy will compensate the third party/beneficiary.

2. Own Damage Coverage

   The comprehensive car insurance plan, under this option provides adequate protection for the insured vehicle. It protects the car from natural disasters such as severe weather conditions, floods, lightning, earthquakes, and so on. It also protects the car from man-made disasters such as theft, riots. Additionally, under this cover any damage being done to the car while it's being transported is also covered.

3. Personal accident cover

   As previously stated, vehicles are prone to accidents especially in India considering the road situation and the rash driving, which can occasionally turn into tragedies that not only ruin your vehicle but sometimes your life. A comprehensive vehicle insurance coverage will provide adequate compensation if an accident in your car leaves you with injuries or permanently disabled.

To sum it up,

Comprehensive motor insurance, which includes varied coverage, is a better option than the state-mandated third-party liability policy. Additionally, the peace of mind provided by this sort of insurance policy is absolutely invaluable, since it provides the highest layer of safety for your vehicle and keeps you financially protected in case of a mishap.