No matter what the brand or body type, cars are always seen one of the owner’s most prized possessions. Which is why the thought of it being damaged due to accident or otherwise is always unsettling. For this reason, car insurance becomes necessary. By paying a sum of money known as premium to the insurance company, a policy holder can get his/her car insured for insured vehicle’s damage, third party liability, and personal accident cover, to name the common few. The costs, benefits, and advantages of car insurance policies, bought online or offline, vary greatly, but the fact is that having one in place is of vital importance if you happen to be a car owner.
Reasons to get a car insurance policy
Car insurances provide a number of benefits for car owners. The 3 reasons why you should get car insurance are –
1. Compensation for vehicle damage
The primary purpose of car insurance is to cover car damage costs due to accidental damage. Whether it is due to environmental effects such as landslides or a tree falling on the car, or man-made effects such as collisions or vandalism, or other circumstances, any accidental damage to the vehicle is covered and compensated. The damage cover varies in accordance with the policy but compensation is guaranteed.
2. Cover for third party liability
Reduction of damage liability is an integral aspect of car insurance. As per government regulations, the TPL or the Third Party Liability insurance is mandatory. This implies that your insurance policy will pay for any damage or treatment cause by your car to a third party.
3. Hospitalization charge coverage
In case of an accident involving your vehicle, the car insurance company will cover any hospitalization charges for all the vehicle passengers.
Opting for online car insurance
Through just a few clicks, a car insurance policy can be purchased online these days. Buyers should bear in mind that while the terms and conditions of the insurance remain unchanged, vehicle insurance bought online is certainly more cost-effective.