by sanjay bist
Published Tue, Jun 6th 2017, 16:28 | Business
Car insurance is mandatory by law in India. Driving without a valid insurance cover would put you under illegal troubles. In case of death or accident to a third party or any damage to their car, the car insurance cover will provide the compensation on behalf of you. This will help manage your finances and prevent from making any hole in your pockets. Such type of motor insurance comes under third party insurance. It protects you and also other people or family members from any form financial losses while riding or driving your car.
But, this cover takes care of only third party damages. In case there is any damage to your car or bodily injury it won’t be able to offer the financial blanket. Therefore, experts insist on purchasing comprehensive cover. A comprehensive cover would help you protect your car from any man-made or natural calamities like fire, earthquake, hurricane, theft acts, etc. along with the third party’s claim or damages. Thus, its complete car protection plans that takes care-off third party as well as your car damages and needs.
Due to ever expansion of the insurance segment, there are varied insurance policies being available in the market. These policies offer individually customized benefits at affordable costs. However, there are certain guidelines that we need to follow while choosing our cover policy. Car insurance is like a friend indeed at the time of crisis. It compensates for the losses done during an accident and thus saves you from paying out the huge sum from your pockets.
In today’s internet based era, shopping for car insurance is hassle free and saves you a great deal of time and money. You get to compare best of the car insurance quotes under a single umbrella that will help you shortlist the desired cover at affordable costs and features. Prior to this, it was a complicated process of visiting branches or agents, collecting information leaflets, writing down pointers, sitting home and comparing quotes and then choosing the best one. But, with the help of internet facilities, things are under your palm. At the comfort of sitting at your house or offices, you can compare quotes, premium costs, features, and go for the best insurance purchase. All you need is a suitable internet connection and computer or laptops. Some, companies have taken a step ahead and have introduced mobile apps.
So, right from policy purchase to premium payments, renewal to claims everything could be done on from your smartphones itself. The ideology behind this, companies want to pass the end benefits to the users. They want their customers to enjoy a smooth and hassle-free experience while dealing with them for car coverage. However, getting a car insurance cover involves a variety of factors like premium costs, the amount of coverage, discounts, company’s background, claim settlement ratio and best business practices. It is advisable to start your shopping process early on and gathers as much information as possible. Be ready to experiment with the coverage options to see what suits your lifestyle and finances the best.