It's vital to have elementary third-party car insurance in India. If you don't have this one, your driving license will be suspended. Moreover, you might also have to pay hefty traffic fines.
You don't want to get into these hassles, right? Hence, you need to buy an appropriate car insurance policy. Let's get started!
There are three major car insurance policies available in India, which are the following:
It safeguards against the policyholder's third-party liabilities from disability, property damages, or injuries to a third party. Buying a third-party vehicle insurance policy means you can legally drive your car anywhere in India. Hence, having this one is important according to the motor laws.
It provides 100% protection to your insured vehicle. If there are any unexpected hazards stemming from theft or accidents, a comprehensive policy will safeguard your car. It also includes any unintentional third-party liabilities that the insurance company must pay. Additionally, the owner of the covered car receives coverage for personal accidents under this form of policy.
Every car insurance firm provides this standalone own damage car insurance policy. It offers protection only for losses incurred by the covered vehicle. It includes any harm or losses incurred by unforeseen events such as burglary, fire, natural catastrophes, and mishaps to the protected four-wheeler.
N.B: You can avail of this insurance coverage only when you have a third-party car insurance policy.
Among the abovementioned car insurance policies, having third-party insurance is mandatory and best of all. Without third-party insurance, you can't drive in India. Here are the benefits of availing of third-party insurance for your car:
Quickly available: Third-party car insurance is readily accessible due to its legal mandate. You can buy it anytime according to your convenience.
Legal protection and financial guidance: If a third party passes away or becomes disabled, third-party insurance will provide you with monetary protection. Moreover, it will help cover the damage to the third-party car or property.
Cost-efficient and advantageous: Such type of insurance policy comes at pocket-friendly premium rates. Hence, it will never surpass your budget.
Complete peace of mind: A third-party car insurance policy gives you peace of mind even if any unanticipated event arises. Importantly, you will receive instant relief as well as support when dealing with traumatic events rather than stressing about these costs.
These are the leading advantages:
Paperless transactions
Maximum convenience
Quick policy
Highly economical
Verifying the reliability of the insurer is hassle-free
In a nutshell, to buy the best car insurance for your car, look no further than Park+. Download the Park+ app today to see the various types of car insurance policies that match your budget and needs. So, commence your car journey with Park+ and bid goodbye to every car insurance- related hassle.